Friday 23 June 2017 - 12:26 pm

Mon 22-02-2016 19:10 PM

Plastics & Packaging industries dodge oil slump, aim for greater efficiency

SHARJAH, 22nd February, 2016 (WAM) -- Expo Centre Sharjah has become a gathering point for the regional plastics, mold-making, printing and packaging industries as the 3rd Plastivision Arabia, 3rd Arabia Mold and 2nd Print Pack Arabia got under way on February 22nd.

The four-day event was opened by H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Executive Council. The opening ceremony was also attended by Abdullah bin Mohammed Al Owais, Chairman, Sharjah Chamber of Commerce & Industry, Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah, senior executives of co-organisers All India Plastics Manufacturers Association, DEMAT and Indian Printing, Packaging and Allied Machinery Manufacturers' Association, other dignitaries and industry representatives.

"There is a renewed focus on the downstream capabilities by regional governments. Besides, the UAE is the least impacted by oil slump because it is the most diversified among oil-exporting countries. The industry is also upbeat because demand for plastics and packaging products has not diminished. Hence, business owners and industrialists are keen to explore innovative technologies and maintain or establish business contacts with suppliers, even if business projects are not rolled out immediately," said Midfa.

Experts also point out that low oil prices will in fact prod the plastics and packaging industries to improve their efficiency and sustainability across all facets of the sector, and in the process keep their products, components and materials at their highest utility and value at all times.

The UAE’s GDP is expected to grow by nearly 3 percent in 2016, according to the median forecast by several research reports and consultancies, but the manufacturing industry, including plastics processing, printing and packaging, is likely to expand at a rate greater than the GDP growth.

An upbeat regional industry is thronging the three shows in order to explore new technology, machinery and processes, as well as assess changing market dynamics that will help improve its efficiency and productivity. The show is featuring 250 exhibitors from nearly 20 countries.

Live demonstrations are a big attraction right from day one, giving visitors an opportunity to experience the latest technology and materials first hand. Past editions of the show have seen all the machines and equipment on display getting sold out even before the shows were over.

Plastivision Arabia is also featuring pavilions from Taiwan, India and China, as well as special focus areas such as ‘Plastiworld - The Finished Goods Pavilion’ and ‘Filling and Packaging’ and a Job Fair.

Other key highlights will be the ‘Investment in India Summit’ to be held on February 23rd at 11 a.m. and the ‘Technical Seminars’ on February 24th.

The main focus at ArabiaMold this year is 3D technology, where visitors have the opportunity to check out a full range of 3D printers and scanners from leading global manufacturers.

Aimed at complementing Print Pack Arabia, the Arab Paper 2016 Trade Fair and a special section on Corrugation Machinery also made their debut.

The shows will be open for trade visitors only from 10 a.m. to 6 p.m. daily. Admission is free for Trade and Professional visitors.


WAM/Majok/Moran