ASEAN and China establishing a comprehensive strategic partnership
Chinawill boost new forms and models of foreign trade to advance high-quality development of the trade sector, according to a circular issued by the General Office of the State Council on July 9, 2021, and aims to have better mechanisms and policy systems in place to support these new trade protocols by 2025, along with the backing of leading enterprises and globally competitive industrial clusters.
ASEAN continues to be China’s largest trading partner, these new forms and evolving models of foreign trade further spurring the strong growth momentum. China’s bilateral trade with ASEAN topped 4.08 trillion yuan ($639 billion) during the first three quarters of the year, an increase of 21.1%, while Hebei’s bilateral trade with ASEAN increased by 24.3% during the same period, led by exports of mechanical and electrical products, agricultural products and textiles.
In order to promote the innovative business development methods of foreign trade enterprises in Hebei, the Hebei Provincial Department of Commerce has sponsored a number of one-country, one-exhibition and multi-country, one-exhibition trade promotion activities, among them Hebei (ASEAN) Export Commodities Online Exhibition & Fair, a virtual exhibition hosted with co-organizer CMEC International Exhibition Co., Ltd. at www.gbmof.com.
The Online Exhibition was held between Nov 29 to Dec 3, and the Online Fair continues through June 30, 2022. 60+ buyers and representatives of ASEAN companies and associations registered for match-making, attending one-on-one meetings during the Exhibition with 50+ Heibei suppliers and products, offering the range of export categories in Hebei Province. Both buyers and suppliers enjoyed the in-depth trade discussions and product demonstrations on the cloud. Both sides made new friends and many have received orders online.
Potential buyers from ASEAN countries are invited to join us at CMEC Global Business Matching Fair, where you can check out the E-brochures and catalogues available at the virtual exhibition halls, and meet any of Hebei’s high-quality manufacturers and suppliers online throughout the Fair. The CMEC Business Matching Fair site will be open through November 2022 at http://www.gbmof.com.
The 1st World Hardware Development Conference kicked off in Yongkang, Jinhua City in East China’s Zhejiang Province on November 1, inviting global minds to discuss the future of hardware industry.
Themed “Inheritance. Innovation. Integration. Building a bright future for global hardware industry”, the conference gathered over 40 representatives from international enterprises based in countries like the US, France, Japan and South Korea, more than 60 representatives of national hardware industry clusters, and more than 70 representatives of overseas Chinese entrepreneurs.
Over 100 international brands participated in the conference with more than 1,000 categories of products. The three-day event includes a hardware industry development summit, a symposium on the construction of China’s hardware industry base and a tour of the world hardware exhibition hall.
At the opening ceremony, hardware industries around the world jointly issued Yongkang Declaration to promote high-quality development of global hardware industry.
The declaration calls for a people-oriented principle, inheritance of ingenuity, innovation and integration, openness and coordination and ecological and environmental protection.
China Yongkang Hardware Index was also released.
The index was first compiled in September, 2013, and simultaneously released on the commercial weather forecast platform of the Ministry of Commerce. A special column was set up in People’s Daily (Overseas Edition) to provide hardware information to hardware manufacturers, purchasers and market operators in more than 80 countries and regions around the world every month.
It reflects economic trends which are close to local reality and consistent with the economic development trend of China and even the world.
The index can provide timely and effective price, supply and demand, product and other information for hardware-related industries, manufacturers, traders and professional markets, so as to better respond to market changes and adjust industrial layout.
A promotional film which demonstrates the strengths and potential of Yongkang’s hardware industry was released, and a forum on Yongkang’s hardware brands going abroad was held.
More than 10 international organizations, including International Federation of Hardware and Housewares Association, North American Hardware and Paint Association and Asia Pacific Doors & Windows Architectural Hardware Association, sent congratulatory messages to the conference.
Media Contact: He Yangning, Tianmu Media Office E: heyn@8531.cn T: +86 15857143688
Company records strong Q2 performance of RM16.30 million, exceeding industry expectations
Genetec Technology Berhad (Genetec or the Company), a technology leader in providing customised full turnkey smart factory automation manufacturing lines, today announced that the Company recorded profit after tax (PAT) of RM16.30 million for the second quarter ended 30 September 2021 (Q2FY2022), which is 515% higher than the PAT of RM2.65 million registered for the corresponding second quarter ended 30 September 2020 (Q2FY2021).
Genetec also announced their proposal of a bonus issue of 661,564,800 new ordinary shares in Genetec (“Bonus Shares”) on the basis of twelve (12) Bonus Shares for every one (1) existing ordinary share in Genetec (“Genetec Share” or “Share”) held on an entitlement date to be determined later (“Proposed Bonus Issue”). The Entitlement Date will be determined and announced at a later date upon receipt of all relevant approvals for the Proposed Bonus Issue. In addition, for purposes of clarity, the actual number of Bonus Shares to be issued will depend on the total number of issued Shares on the Entitlement Date and is not intended to be implemented on a staggered basis. Further and final details will be announced upon receipt of all relevant approvals soon.
Genetec registered RM17.59 million in profit before tax (“PBT”) for the quarter under review, which is 554% higher than the PBT of RM2.69 million recorded for Q2FY2021 while revenue of RM59.31 million is 53% higher than the RM38.67 million posted in Q2FY2021. Earnings per share stood at 31.25 sen (fully diluted) in Q2FY2022 compared to EPS of 6.18 sen in Q2FY2021.
For the first-half of the financial year ended 31 March 2022 (“1HFY2022”), the Company recorded 2884% higher PAT of RM24.50 million compared to the corresponding period of the previous financial year, when the Company posted PAT of RM821,000. PBT for 1HFY2022 stood at RM26.44 million, which is 2848% higher than the PBT of RM897,000 while revenue is 95% higher at RM99.59 million compared to RM51.10 million of the corresponding period of the previous financial year.
In their announcements the Company highlighted, “It has been an eventful year. Genetec’s bonus issue proposal is part of our efforts to enhance trading liquidity of the Genetec shares, following the recent share price appreciation, as well as to reward existing shareholders on the back of the strong performance of the EV and energy storage divisions. The strong performances have contributed significantly to overall revenue amid steady demand for more sustainable modes of transport and energy. We expect the order book for the EV division to remain significant and to continue contributing to Genetec’s financial performance in the coming quarters. As countries and companies step up their transition towards more sustainable and zero emission transport and energy solutions, we are confident that this growth trajectory will continue. It is well supported by the trifecta of global regulatory frameworks, new incentives to promote the adoption of EVs, and a fast-expanding range of EVs. Meanwhile, EV models are becoming more accessible as the ecosystem grows and battery costs drop further.”
“While we have a more positive outlook as the global economy reopens amid higher vaccination rates, we remain cautious of spikes in COVID-19 infections that may result in supply-chain disruptions and affect consumer sentiment.”
The Ministry of Industry (Kemenperin) is currently preparing a long-term blue economy development plan. Blue economy is a series of sustainable commercial activities, products, services and investments that depend on the sea as well as impact coastal and marine resources. The blue economy plan is co-developed with The Spectrum Solution Group (TSSG), a boutique strategy consulting and financial services firm headquartered in New York, N.Y.
TSSG’s Edward Chang explained that the blue economy is attracting global interest due to the impact it can have on the world economy and presents an important opportunity that must be optimized by Indonesia to further increase economic growth. Ocean-related and blue economy activities have always been essential to Indonesia environmentally, economically, and socially and are especially important since economic growth in the country continues to be under pressure from the COVID-19 pandemic.
“Therefore, the blue economy is a great opportunity to harvest economic benefits and help Indonesia to develop sustainable energy and resilient food sources. It is with these objectives in mind that we created the concept of Indoblue: a program of initiatives, guiding principles, and actions that will help Indonesia reimagine its Blue Economy beyond the status quo. IndoBlue aims to transform Indonesia’s Blue Economy that results in the sustainable use of ocean resources for economic growth, improvement of livelihoods and ocean ecosystem health, thereby maximizing the benefits while balancing the social, economic, and environmental factors during the transition process,” said Edward.
The blue economy can later also help the manufacturing sector to grow to new heights, among other sectors, such as the wild fisheries sector. This sector is the backbone of the blue economy; it provides seven million jobs and contributes more than US$27 billion to the national economy while serving as a cornerstone of social harmony in Indonesia’s coastal areas. Yet, According to the 2017 data from the National Commission on Stock Assessments, 38% of Indonesia’s wild fisheries were overfished, and a further 44% of stocks were fully fished.
“This depletion, along with insufficient data, and a lack of efficient stock management mechanism is posing huge risks to the nation’s well-being,” said Edward. “There are various manufacturing industry sectors that will benefit from the development of a blue economy in the wild fisheries sector, such as the seafood processing and packaging industry and the wild fisheries equipment assembly industry. With more efficient transport, storage, and supporting infrastructure these sectors have further potential for growth,” explained Edward.
Furthermore, through the development of the blue economy, relevant sectors in the aquaculture sector such as seaweed cultivation and processing, fish cultivation and processing, shrimp farming and fish farming equipment assembly are projected to grow over 250%.
Apart from wild fisheries and aquaculture, investment in the renewable energy sector can also help the Indonesian economy become more resilient and sustainable. “Sustainable marine energy can also play a critical role in Indonesia’s social and economic development and its efforts in climate change mitigation by providing a source of clean, renewable energy.
With the COVID-19 situation, the timing for pivoting to renewable energy is perfect. As the Indonesian government invests in rescue plans for industries, it makes sense to use this situation as the catalyst to “build back better” by supporting the renewable energy sector and providing incentives for foreign investors and market participants in the traditional power generation and energy sectors to diversify into renewable energy opportunities,” said Edward.
A blue economy strategy that will increase the growth of the manufacturing industry and thereby the national economy must be developed immediately, and Indonesia is fully committed to developing and achieving a sustainable blue economy. “Given all the benefits of the blue economy, it is important for Indonesia to be able to immediately develop a policy framework so that the potential of the blue economy can be utilized optimally,” said Industry Minister Agus Gumiwang Kartasasmita.
Furthermore, Agus stated that the development of the blue economy must be able to provide benefits to the small and medium industries (SMEs) sector, given that they form the backbone of the national economy.
In addition, a comprehensive framework is essential when reviewing the blue economy to ensure that every action taken will provide more benefits than harm. For this reason, partners such as TSSG are needed to provide expertise and comprehensive experience in formulating frameworks and strategies for developing blue economies.
“Therefore, the Ministry of Industry is ready to cooperate with TSSG and other parties including potential international investors to formulate incentives and provide guarantees in developing a blue economy in Indonesia,” concluded Agus.
The Ministry of Industry (Kemenperin) Marsela Stefanie, Media Relations, Jakarta T: +62 819 2948-9001; E: Marselastefanie@gmail.com
Messe Munchen, through their Southeast Asian regional operation MMI Asia Pte Ltd (MMI), have joined forces with Asian Exhibition Services (AES) to take ASEAN Ceramics to a new international level of excellence in the two key markets for the region, Thailand, and Vietnam from 2022. The ceramic manufacturing exhibition and conference will continue to alternate annually as ASEAN Ceramics Thailand and ASEAN Ceramics Vietnam, providing complete coverage and access for the industry.
The events will continue to boost the ceramics industry in ASEAN through showcasing the world’s leading equipment, technologies, innovations, and solutions needed to grow and meet the challenges it faces in the years to come. Messe Munchen’s strength through the ceramitec network which includes the show in Munich, ceramitec conference and Indian Ceramics Asia, will enable leading global suppliers to gain access to key buyers in the manufacturing “hot spots” of the booming ASEAN market. This strength is coupled with AES’s strong local positioning and experience to bring together a world-class event in one of the world’s most important ceramic region.
Work will commence immediately on ASEAN Ceramics Thailand, which will take place on IMPACT Exhibition and Convention Center, Bangkok. The events will take on a significant complementing Southeast Asia as an exciting manufacturing focal point for the global industry.
AES will function as a consultant to MMI on the events to provide a comprehensive service to the market and continuity of support, experience and expertise in the market.
The shows will be managed through Messe Munchen’s subsidiary office in Singapore. Michael Wilton, General Manager of MMI Asia Pte. Ltd, “ASEAN Ceramics in Thailand and Vietnam will serve an industry we are very familiar with. It is exciting to bring in the expertise we have in the ceramics industry to help boost the offering to the Southeast Asia market via these shows. With AES fully engaged and in support as our consultant on the projects, their local knowledge and expertise will ensure the shows deliver on the requirement of the industry.”
David Aitken, CEO of Asian Exhibition Services (AES) Ltd. explained that, “The collaborative world-class event in Southeast Asia, is an exciting opportunity for the industry and indeed the global suppliers of technology and materials for this rapidly evolving market. AES is exhibition and our shared expertise, and team synergies and partnerships will establish the event as one of the most important in Asia.”
Dr. Jurgen Blumm, Chairman of the ceramitec advisory board and CEO of Netzsch says, “As an active player in these countries and keen exhibitor at ceramitec, we are excited to course our place at the forefront of the development of the industry in this very important region.”
Further details on ASEAN Ceramics Thailand will be made available shortly through the website www.aseanceramics.com. Suppliers to the industry are encouraged to contact the organisers early.
About ceramitec
ceramitec is the central event at which the entire ceramics industry-from manufacturers through to scientists-comes together. Over the course of four days, over 600 exhibitors from all over the world present their entire portfolios at the ceramics trade fair: machinery, devices, systems, processes, and raw materials. Every branch of the industry is represented, from classic ceramics through industrial ceramics, ceramic engineering to technical ceramics and powder metallurgy.
As a trade fair for suppliers, ceramitec is the meeting point for leading manufacturers, users, and scientists. This is a place to meet people and share your expertise. This forges synergies and raises awareness of new technologies and applications in industry, research, and development.
ceramitec 2022 will be taking place between June 21-24 at the Messe Munchen exhibition center.
About ASEAN Ceramics
ASEAN Ceramics will continue to alternate on an annual basis between Thailand and Vietnam. The exhibitions will provide the ASEAN region access to the world’s leading technologies, equipment, solutions, know-how and best practices available in the market. Suppliers to the industry will meet, network and showcase their expertise to the key buyers from the region, and either strengthen or establish their foothold in the world’s most dynamic region for the ceramics industry.
About MMI Asia PTE. Ltd
MMI Asia is a full subsidiary of one of the world largest and leading exhibition organizers; Messe Munchen GMBH (MMG). MMI Asia established in Singapore in 1992, is now embarking on a significant growth and expansion program, bringing some of MMG’s world leading brands to the ASEAN market. MMG is the owner and organizer of the world’s leading ceramics trade fair ceramitec organized every two years in Munich.
Riding on the success of the previous webinar with PERAFI (Indonesian Facade Association), the latest edition was held virtually on July 29 and focused on the international perspectives of facade design and applications.
Subject-matter experts from around the world shared valuable information on tackling and overcoming challenges faced in the industry. The online sessions recognised the need to keep up to date with the latest developments and supported a better understanding of best practices in facade design and their applications for different countries.
Putri Anindia from Astra Land Indonesia, hosted the webinar with the following speakers: – Anna Pravinata, Principal of Alliiance – Henry Sonten, Estimating Manager of Construction Specialties – Jayrold Bautista, Associate TS&D Scientist of Dow Performance Silicones – Monique Suksmaningsih, Regional Board Director of Broadway Malyan
The webinar commenced with an understanding of facade design considerations in cold climates which was shared by Anna Pravinata, Principal of Alliiance. Attendees learnt about the factors to take note of such as thermal value, occupant comfort and durability.
Adding on, Henry Sonten, Estimating Manager of Construction Specialties, presented the variety of performance louvres and its resistance against rain, while ensuring proper air circulation. He also proved that louvres can be integrated seamlessly and aesthetically into building design.
“It was important to have the design work with the weather and not against it,” Putri Anindia, Astra Land Indonesia, added.
On a larger scale, Monique Suksmaningsih, Regional Board Director of Broadway Malyan, explored the transformation of streets, neighbourhood and districts through numerous case studies and architectural design plans.
Glasstech Asia – The Glasshub of Southeast Asia (International Glass Products, Glass Manufacturing, Processing & Materials Exhibition) www.glasstechasia.com.sg Concurrent event: Fenestration Asia (International Windows, Doors, Skylights, Curtain Wall & Facade Technology Exhibition) www.fenestrationasia.com
“About how things are changing (due to the pandemic) – residential areas, retail trends, workplaces and so on – we ensure that the developments are future-proof and aligned with what was envisioned,” said Monique Suksmaningsih, Regional Board Director of Broadway Malyan. Lastly, an in-depth technical analysis of having cold bent facades in building design was given by Jayrold Bautista, Associate TS&D Scientist of Dow Performance Silicones. He emphasised the importance of communicating with the silicone supplier to ensure a long-lasting design.
Webinars on-demand
Besides these live sessions, Glasstech Asia x PERAFI webinars also features on-demand components that are only accessible to delegates that have an account on the Glasstech Asia Virtual platform. (Please check here: https://virtual.glasstechasia.com.sg/ivs/glasstech)
About Glasstech Asia 2022 and Fenestration Asia 2022
Coined “The Glass Hub of Southeast Asia”, Glasstech Asia is an annual rotating exhibition that focuses on all things glass. The upcoming 18th edition Glasstech Asia along with the concurrent Fenestration Asia will be held between the 26th to 28th of October next year at Marina Bay Sands Convention Centre in Singapore. The three-day event brings together the best of the Southeast Asian glass and glazing sector, from glass manufacturing, processing, and machinery to accessories, raw materials, and finished glass products. Coupled with high-powered symposiums, forums, workshops, and an exciting Glass Installation Competition, it is an event not to be missed.
Additionally, Glasstech Asia and Fenestration Asia aims to meet and satisfy the increasing global demands for eco-friendly windows, doors, and facades by focusing on new industry standards in sustainability, automation, and energy-efficiency topics. With a focus on green and smart fenestration technologies to bring about a more sustainable, energy-efficient, and liveable future, the exposition is strategically geared towards helping the architecture, building, and construction sectors in countries meet their energy targets.
About Messe Munchen
Messe Munchen is one of the leading exhibition organizers worldwide with more than 50 of its own trade shows for capital goods, consumer goods and new technologies. Every year, a total of over 50,000 exhibitors and around three million visitors take part in more than 200 events at the exhibition center in Munich, at the ICM – Internationales Congress Center Munchen and the MOC Veranstaltungscenter Munchen as well as abroad. Together with its subsidiary companies, Messe Munchen organizes trade shows in China, India, Brazil, Russia, Turkey, South Africa, Nigeria, Vietnam, and Iran.
With a network of associated companies in Europe, Asia, Africa and South America as well as around 70 representations abroad for over 100 countries, Messe Munchen has a global presence.
About BAU Network
BAU is the World’s Leading Trade Fair for Architecture, Materials and Systems. Everyone involved in the international community for planning, building and designing buildings comes together here–i.e. architects, planners, investors, representatives of the industrial and commercial sectors, the building trades, etc.
It is where future-oriented manufacturers come together with an audience of interested professionals. Their primary interests include the latest techniques, materials and applications that can be used in actual practice. This is where visitors experience the future of building in person.
