EMO Hannover 2013: Vietnam is Attractive Location for Electrical and IT Technology Manufacturers

 

“EMO Hannover is not only the most important meeting place for all those involved in metalworking, on both the manufacturer and user sides, but is also traditionally an information forum and a trendsetting event,” says Christoph Miller, Managing Director of EMO organizer VDW (the German Machine Tool Builders’ Association) at the press conference on January 17, 2013 in Hanoi, adding: “The show addresses major issues in metalworking to help move the industry forward.” A wide-ranging events program will once again cover technology and business topics in 2013.

 

The principal focus of EMO Hannover is on metal-cutting and forming machine tools, production systems, high-precision tools, automated material flows, computer technology, industrial electronics and accessories. The trade visitors to EMO come from every major branch of industry, e.g. machinery and plant manufacturing, the automotive industry and its component suppliers, the aerospace sector, precision mechanics and optics, shipbuilding, medical technology, tool and die manufacturing, steel and lightweight construction.

 

 

The Vietnamese economy is currently experiencing a slowdown, with the government focused primarily on countering the country’s high inflation rates. This means a lack of capital for major investment projects. However, in the medium term, business analysts see good growth potential for the country based on high accumulated demand, a youthful and growing population of consumers, low labor costs and rich raw material reserves. The government intends to focus more strongly on certain key sectors, including petrochemistry, the motor vehicle industry and information technology. Vietnam is an attractive location for foreign investors in the electrical engineering and electronics sectors, due to its labor cost advantages.

 

Efficient machines and facilities are an absolute requirement for building up a modern industry in Vietnam, and these are mainly imported. Machine tool imports in 2011 amounted to almost US$460 million, nearly a one-quarter increase over the previous year. Which technologies, machines and processes will be needed in the future? The answers, and just the right solutions, can be found by experienced Vietnamese industry professionals at EMO Hannover 2013.

 

Vietnam’s machine tool customers are primarily foreign manufacturers of electric and electronic products and motor vehicle parts. Representatives from these branches are important visitor groups for EMO Hannover. The major suppliers to Vietnamese industry are Asian, from Japan, Taiwan, China and South Korea, and to a lesser degree also from Germany. Companies from these countries are among the leading exhibitors at EMO Hannover. Well over 250 companies have already registered from Asia alone, and the numbers continue to rise. More than 600 exhibitors from Germany have registered to date. In 2011, 50 visiting professionals and manufacturing experts from Vietnam came to EMO to learn about their major suppliers’ offers and innovations.

 

“At EMO, buyers and manufacturing professionals from Vietnam meet up with the entire world of metalworking. Visiting EMO is therefore a must for everyone who has anything to do with manufacturing and machine tools in Vietnam,” concludes Christoph Miller of VDW.

 

 

EMO Hannover 2011 featured a lineup of over 2,000 exhibitors and attracted some 140,000 trade visitors from more than 100 different countries. Contracts worth at least US$6.3 billion were signed at the trade show, and international machine tool orders rose to levels comparable to the previous year in the six months following EMO Hannover, despite the slowing of the world economy.

 

“Everyone wants to be there. That’s why once again the EMO Hannover is well set to continue its success story”, says Carl Martin Welcker, General Commissioner of the EMO Hannover 2013. At the beginning of the year, more than 1,600 companies from 34 different countries had already registered and they will be occupying around 145,000 m² of net exhibition space.

 

The international machine tool market has more than doubled in size over 20 years, to around US$86 billion in 2011. This growth was driven above all by Asia, where more than three-fifths of all international machine tool production flowed in 2011. Business analysts expect machine tool consumption to rise by another eight percent to US$96 billion in 2013, year of the upcoming edition of EMO.