Product category:
Engineering Exhibitions and Events
News Release from: Fastener Fair
Edited by the Engineeringtalk Editorial
Team on 13 May 2008
Fastener show is first for Eastern
Europe
Fastener Fair Budapest will offer unprecedented regional access to the world's leading players in the market.
Fastener and fixing professionals in Eastern Europe will soon be able to take advantage of a focused exhibition that, for the first time ever, will see the global industry focusing on Eastern Europe When doors open at the new Fastener Fair Budapest exhibition on 22nd and 23rd September 2008, visitors to the show will have unprecedented regional access to the world's leading players in the market
This article was originally published on Engineeringtalk on 28 Sep 2004 at 8.00am (UK)
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These major international companies have been attracted to this launch event by the new opportunities in Eastern Europe, which have partly come about as a result of the increasing costs of doing business in the Far East.
Fastener Fair Budapest organiser Jerry Ramsdale believes the opportunities have never been greater for businesses and entrepreneurs in Eastern Europe.
"Global manufacturing and production companies have been heading to China and the Far East for many years now, but economic events in that part of the world and in the global economy are combining to make the Far East less tempting".
In particular, Ramsdale points to increases in the cost of raw materials, plus the fact that last year alone the cost of sea freight from the Far East to Europe more than doubled, a trend that is continuing.
"Just looking at China", he says, "it is clear that skills shortages and new labour laws are driving up labour costs, which have been forecast to increase by around 40% this year alone", he explains.
"What this all means are that there are now incredible opportunities for end-users, distributors and manufacturers in Eastern Europe to take advantage of the new rush by global producers to do business in their part of the world".
Taking place at the purpose-built Syma Event Centre in Budapest, this new Fastener Fair show brings together manufacturers, machine suppliers, wholesalers, distributors, importers, exporters and tool suppliers, in addition to trade associations and suppliers of services and related products.
"By focusing all these key people and companies in one place, at a niche show that is open for just two days, we've made sure that exhibitors and visitors alike have the perfect event at which they can fly in, do great business and fly out again", says Ramsdale.
"In other words, they can enjoy maximum profit from minimum investment".
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