20 February 2013, indometal 2013, the international metal & steel exhibition for the region was opened, providing a beneficial business and procurement platform for all those involved in the industries’ upstream and downstream sectors.
China Fastener Info (CFI)—the most popular fastener media in China attended the exhibition as the supporting media (Booth Z41) with the latest China Fastener Directory (CFD) magazine.
indometal 2013 is a specialist exhibition focused on the synergistic interrelations of foundry technology, casting products, metallurgy and thermoprocess technology. In addition, indotools, a dedicated platform on machine tools, will synergistically complement the indometal exhibition, and therefore offer a one-stop business and sourcing opportunity that provides innovative end-to-end solutions across the industrial value chain - all under one roof.
The first edition of indometal takes place from 20 to 23 February at JI Expo Kemayoran in Jakarta, Indonesia, with over 250 international exhibitors from 26 countries and some 70 local and Indonesian-based exhibitors, and six national groups and pavilions (Austria, China, Italy, China Taiwan and the UK) showcasing their products and services. There are 35 companies from Mainland China and 31 companies from China Taiwan.
The Southeast Asian market is getting more and more attention with its fast economic gains, continuous improvement in investment environment and low labor cost. The economic growth of the 11 countries in Southeast Asia averaged at 5.3% in 2012, which was 2% higher than the global average level. The Indonesian economy is the world's sixteenth largest by nominal GDP and fifteenth largest by purchasing power parity. The World Bank forecasted that Indonesia is to have a GDP growth of 6.1% in 2013. The country experienced a GDP growth of 6.23% in 2012.
In 2012, the fastener exports to Indonesia from Mainland China reached 37,878,503 kg with value totaling USD$67,428,908. Indonesia becomes Top 20 export market for China fasteners.
Indonesia is the world's fourth most populous country, which indicates that its developmental potential is great. Therefore, the country itself can create new need even in the world’s economic recession.
CFI’s booth was packed with lots of visitors who showed keen interest in CFD magazines and the upcoming three shows—the 9th Fastener Trade Show Chengdu (July 18-19, 2013), the 10th Fastener Trade Show Guangzhou (July 3-4, 2013) and the 11th Fastener Trade Show Suzhou (October 30-31, 2013).
According to our collected name cards, 70% of the buyers were from Indonesia. Many buyers showed us their fastener samples in order to find quality Chinese suppliers. Some inquired a lot of information about Chinese fastener market. Bolts, nuts, screws, anchors, drywall screws, self-drilling screws and washers were the main categories they want to purchase. Others were raw material and equipment.