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News Release from: Copestone Copywriters for Fastener Fair | Subject: Fastener Fair Budapest
Edited by the Marketingservicestalk Editorial
Team on 01 April 2008
Fastener Fair Budapest accesses eastern
Europe
This focused regional exhibition will put fastener and fixing companies in direct contact with distributors, manufacturers and end-users in the fast-developing markets of eastern Europe.
The new Fastener Fair Budapest exhibition, taking place on 22 and 23 September 2008 at Budapest's modern SYMA Event Centre, is aimed at helping western European and international exhibitors take advantage of the new opportunities in eastern Europe, which have come about as a result of the increasing costs of doing business in the Far East There has recently been a great deal of activity in eastern Europe, providing fastener and fixing companies with tremendous prospects
This article was originally published on Marketingservicestalk on 19 Mar 2007 at 8.00am (UK)
Related stories
Fastener Fair Stuttgart enjoys dramatic growth
This year's Fastener Fair Stuttgart, which brings together manufacturers, machine suppliers, distributors and tool makers in the fastener and fixings industry, promises to be the biggest yet.
Fastener Fair Stuttgart offers busy schedule
This year's Fastener Fair Stuttgart has signed up double the number of exhibitors as in 2005 and much more floorspace, promising a productive time for both buyers and sellers.
A key reason, according to show organiser Jerry Ramsdale, is changes taking place on the other side of the world.
"We're seeing something of a reversal, in which major producers are rethinking the conventional wisdom that in order to be competitive they have to relocate production and assembly to the Far East," explained Ramsdale.
"People are looking at China, for example, and seeing big increases in raw material costs; sea freight to Europe more than doubling in price last year; plus labour costs set to increase by 40 per cent in 2008 as a result of skills shortages and new labour laws".
Further reading
Fastener Fair Stuttgart doubles in size
Every fastener industry sector well represented at Fastener Fair Stuttgart, which has signed up more than 400 exhibitors for the show which takes place on 19-20 September.
Fastener Fair generates buzz in Eastern Europe
Located in the very centre of Europe's industrial heartlands, Fastener Fair Stuttgart on 19-20 September is attracting visitors from all over Europe.
The positive effects on eastern Europe are clear to see: Peugeot Citroen, for example, has increased production at plants in the Czech and Slovak Republics.
Nokia is closing a factory in Germany and opening a new plant in Romania, while Daimler is reported to be choosing between Poland and Romania to locate a new Mercedes car plant.
Slovakia will soon have the highest per capita output of cars in the world, while also in that country Samsung is adding an LCD plant to its existing computer monitor and television factories.
Romania in 2006 alone attracted US$9 billion in foreign direct investment, while Croatia is committed to achieving European Union entry standards by end of this year.
Also in 2008, Ukraine is expected to ratify World Trade Organisation membership, paving the way to more open trading relationships with the regions and the rest of the world.
And in addition to all these developments, construction is burgeoning throughout Europe's 'near east'.
Hungary, whose exports grew by 18 per cent in 2006 and 15 per cent in 2007, is at the geographical and business heart of all these exciting developments, which is why its capital, Budapest, is hosting this new Fastener Fair venture.
"The event has been developed to be both cost and time-effective for exhibitors," said Ramsdale.
"It's a fly-in, fly-out exhibition, with a straightforward selection of stand options to provide exhibitors with hassle-free preparation, with no stand being larger than 20m2".
And, as with all other Fastener Fair exhibitions around the world, informal networking will be a key part of the Budapest show, with the highlight being an evening river cruise on the Danube on the first night of the show.
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