Launch of Informex Asia in Singapore
Informex, the leading meeting place for buyers and sellers of high-value chemistry for a broad range of applications, announced the launch of the inaugural Informex Asia event, which will run from November 9 – 10, 2011 at Suntec, Singapore.
The format of Informex Asia will be similar to that of the flagship Informex USA event and will feature a diverse exhibit show floor featuring around 100 domestic and international exhibitors, a high-level conference and various networking opportunities including a cocktail reception on the first evening. Informex Asia is jointly organised by UBM Asia and UBM Live.
The two-day conference will feature a line-up of senior figures from both business and trade associations and will cover topics such as the outlook for the Southeast Asian chemical market, the transportation and distribution of chemicals, new technologies and initiatives, sustainability, government regulations affecting the chemical industry and more.
“Informex is a global event brand that focuses on the premier marketplaces for the fine and specialty chemical industries and we are thrilled to be launching in Singapore in 2011,” commented UBM Live/Informex Global Brand Director, Jennifer Jessup. “Having undertaken extensive market research and consulted with regional trade and government organisations, we believe that Singapore will provide an ideal location at which to bring together industry leaders from throughout South East Asia and the global chemical community.”
Coinciding with UNESCO's International Year of Chemistry 2011 and endorsed by the Singapore Tourism Board (STB), the Singapore Economic Development Board (EDB), and the Singapore Chemical Industry Council (SCIC), Informex Asia is well-supported in its position to serve a rapidly-expanding Southeast Asian specialty chemicals market driven by double-digit manufacturing growth figures in India and China.
“While developed countries still corner nearly 59 percent of the specialty chemicals market, the growth in the U.S. and Europe is just 2-3 percent compared to Asia at 10-15 percent,” said Krithika Tyagarajan, Research Director for chemicals, material, food practice, Asia Pacific at Frost & Sullivan.
Singapore's intellectual property protection, its support for research and development and corporate tax incentives make it attractive for new investment, as is evident in the recent expansions of major players within the fine and specialty sectors, including Syngenta's new agricultural R&D facility, Bayer MaterialScience's Functional Films Research Centre and the opening of Mitsui's second TAFMER site, with Lanxess being the most recent investor in Singapore's Jurong Island with its new S$704 million butyl rubber plant, the largest investment in the German specialty chemicals giant's history.
Singapore has seen strong growth in end markets such as automotive, construction, electronics, and pharmaceuticals, while the Singapore Economic Development Board is aiming to double chemical industry manufacturing output from S$180 billion in 2004 to S$300 billion by 2018.
Dr. Magali Bonnier, Specialty Chemicals Manager, A*STAR Institute of Chemical & Engineering Sciences and a key advisor on the Informex Asia launch, concluded: “We are very pleased that a global brand such as Informex will be launching in Singapore next year. Providing a platform for the Southeast Asian fine and specialty chemicals industries to interact is extremely beneficial to the growth of the chemical industry in the region.”