Exhibition benefits from country’s growing car production and civil construction
Nov 08, 2016 Ι Exhibition Highlights Ι Screws & Fasteners Ι By Steve Chuang, CENS
INAFASTENER 2017 will be held from March 29 to April 1, to continue to allow for access to the country’s brisk fastener market (photo courtesy of GEM Indonesia).
Indonesia is the fourth most populous country in the world, and at the same time is one of the largest economies, agriculture, industry and service industry in the Association of South-East Asian Nations (ASEAN). The largest economic sector in Indonesia is manufacturing and processing, which contributes around 24% of the Gross Domestic Product and one of the local industries that have been on rapid growth is the fastener industry.
Driven by brisk car production coupled with growing construction spending as a result of the country’s strong economic growth and continued industrialization, local market demand for fasteners is expected to continue to grow significantly over the next six years, especially after the Indonesian government announced in February, 2011 the construction of six economic corridors in the country as part of its 14-year vision economic development plan between 2011 and 2025. (…)
