11 April 2000
New Exhibition Services Centre Signifies TDC's Commitmentto Build Hong Kong as Asia's Trade Fair Capital
The completion of the Trade Development Council's Exhibition Services and Logistics Centre at Tseung Kwan O Industrial Estate is the latest chapter in the story of TDC's commitment to build Hong Kong as Asia's trade fair capital, said its Chairman, Dr. Victor K. Fung.
Dr. Fung was speaking at the Centre's inauguration ceremony today (April 11). "The new TDC Exhibition Services and Logistics Centre is another strategic investment by TDC in Hong Kong's business infrastructure. With this new facility we are able to design and build bigger and better trade fairs, which are crucial tools in carrying out TDC's export promotion mission," he said.
"We create more employment for exhibitions-related service companies, to whom we sub-contract all stand construction. We also support other private contractors, who are able to rent our materials and have access to some of our most advanced equipment."
The new Exhibition Services and Logistics Centre at Tseung Kwan O Industrial Estate, which has replaced the old facility in Yuen Long, supports TDC trade fairs in Hong Kong in providing more high quality stand systems and exhibition materials.
"We can now build and dismantle exhibitions faster because, with the extra space, we have been able to introduce pre-fabricated and containerised stand systems, another innovation. We have also developed more efficient and integrated solutions to the challenges of mounting ever-larger exhibitions. These faster turnaround times mean savings in venue rental," Dr. Fung said.
He said that in 1997, the completion of the Hong Kong Convention and Exhibition Centre's landmark extension, more than doubling capacity, has given all Hong Kong trade fairs much-needed room to grow. In response to increased demand for exhibition services for TDC's own fairs, this expanded facility was built.
"When we broke ground for this building two years ago, we made a promise to customers. We said the expanded exhibition services facility would mean better quality stand materials, more choice and better value."
"Equally important, we promised to pass directly to TDC customers anticipated benefits from increased efficiencies and economies of scale made possible both by the CEC's expansion, which increased the volume of our business, and by this facility at Tseung Kwan O. "
Again, TDC is delivering on its promise. Last week TDC announced revised participation fees for the next cycle of its fairs beginning April 2001. Even after a three-year freeze, the fees for all TDC fairs are coming down, in some cases by as much as 20 per cent.
"With these fee reductions, we hope more Hong Kong SMEs will sign on as exhibitors at TDC fairs and capture the huge opportunities created by the recovery of Asia's markets and by China's impending entry to the World Trade Organisation," Dr. Fung said.
"At the same time, we hope existing customers will feel the benefit of these fee reductions as they get back on their feet after the recession. In a more competitive environment, we strongly encourage them to reinvest at least some of these savings in larger and upgraded booths at our trade fairs to attract more buyers to their stands."
Dr. Fung believes that the reduction in fees for the Council's trade fairs is another
important step towards making Hong Kong more competitive as Asia's trade fair capital
and sourcing hub.
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For press enquiries, please contact Mindy Ho of TDC's Media & Corporate Communications Department on 2584 4333.