Middle East plastics industry projected to achieve 30 per cent growth over next five years

Published March 29th, 2010 - 08:30 GMT

About 600 exhibitors from 31 countries and over 25,000 visitors from 17 countries are expected to participate in PLASTEX 2010, the 12th international African-Arabian exhibition for plastic industries, to be held at the Cairo International Fair Ground in Egypt from May 13 - 16, 2010. The plastic industry has seen sustained growth levels in the region, as Middle East and African markets are expected to deliver “noteworthy gains” from 2009 to 2014, according to an industry report from the American Chemistry Council (ACC).

The Middle East remains the largest source of plastic raw materials; up to 16 per cent of the region's abundant petroleum supply that is not used for energy production is converted into other materials such as plastic products. Recent reports also confirm that the plastics sector in North Africa sustained a double-digit growth in 2009. Egypt's consumption of plastic materials and resins has been estimated to be worth nearly USD 1.6 billion, while demand is expected to grow at 10 per cent annually for the next three years, in line with the increasing number of newly established factories.

Ahmed Ghozzi, Chairman of ACG-ITF, the event’s organiser, said, “PLASTEX 2010 again expects to achieve an increase in exhibitor and visitor footfall compared with the previous edition, which confirms the sustained interest among global and regional companies in emerging prospects in the Middle East and North Africa's plastics industry. Several key markets in the region are making significant improvements such as Saudi Arabia, which is home to more than 580 downstream plastics manufacturers that are all eagerly awaiting the latest developments in plastics machinery and technologies. Egypt likewise offers excellent growth prospects in the production of end products because of its highly strategic location and the relatively strong technical know-how of its labour base."

PLASTEX 2010 will be held concurrently with EGYPLAST 3, a sub-event that provides guaranteed opportunities to optimise exports of the Egyptian manufacturers as it gathers decision makers and purchasing managers from regional Arab-African countries directly with Egyptian plastic manufacturers and end-product exporters.

"PLASTEX 2010 has been designed to support the robust performance of the Middle East plastics industry, which has been projected to achieve an annual growth rate of around 30 per cent for the next five years. In particular, the event will complement the growth in plastics imports and exports in the region as it serves as the Middle East's premier business-to-business networking platform, providing direct access to leading brands and companies in global and regional plastics industries," added Ghozzi.

PLASTEX 2010 is expected to receive visitors from Libya, Sudan, Iraq, Tunisia, Algeria, Syria, Morocco, Bahrain, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Sudan, UAE and Yemen. PLASTEX 2010 offers a total of 27,000 square metres of exhibition space, showcasing a wide range of machineries and equipment, raw materials, semi-finished products, technical parts, reinforced plastics, and services for the plastic industries.

ACG-ITF, the organiser of PLASTEX, is also responsible for organising other established international trade exhibitions like ITCE, the leading exhibition for textile, embroidery and sewing machinery; AUTOMECH, the largest automotive exhibition in the region; in addition to several other high-profile trade shows.

© 2000 - 2019 Al Bawaba (www.albawaba.com)

You may also like