More than 550 exhibitors from 31 countries are expected to take part in Plastex 2008, the eleventh international African-Arabian exhibition for plastic industries, to be held in Cairo.

In addition, some 24,000 trade visitors from 18 countries are likely to visit the four-day exhibition which begins from October 23.

Plastex 2008 is a leading trade fair dedicated to the plastic machinery, components, raw materials and chemicals industry, and represents products, services, technologies, innovations and trends for trade markets.

The exhibition serves as an essential platform for established and new players in the plastic industry to capitalise on the ever-increasing opportunities in the Middle East and African markets; the significant international participation in PLASTEX 2007 is proof of this fact.

According to latest statistics, the Middle East plastic industry is expected to record an annual growth of 30 per cent over the next five years, which is regarded as the fastest rate of growth in the world. 

The 10th edition of Plastex held in March 2007 had witnessed a 30 per cent increase in exhibition space, and 15 per cent increase in the number of visitors, with a new record in business deals, which were valued at €230 million.

It is expected that the exhibition – held every 18 months - will maintain its growth rate in the 2008 edition as well, as it provides an exclusive platform for international companies from the plastics industry.
 
The second Egyptian Exhibition for Plastic Exporters & Manufacturers – EgyPlast, organised by the Egyptian Plastic Exporters and Manufacturers Association (EPEMA),   will be held concurrently with PLASTEX 2008.

The first edition of Egyplast held on the sidelines of PLASTEX 07 proved to be a major success as it provided an ideal opportunity for product manufacturers and exporters to meet with machinery and equipment manufacturers, in addition to plastic industry professionals.   

Ahmed Ghozzi, chairman, ACG-ITF, event organiser, said, “Ever since its launch in 1993, Plastex has grown steadily to become one of the most sought-after events for the plastic industry in the Mena region."

"The show features the latest innovations and technologies from across the world, with the presence of leading exhibitors form Australia, Austria, Belgium, Canada, China, Denmark, United Kingdom, France, Germany, Greece, India, Italy, Japan, Korea, Netherlands, Poland, Portugal, Qatar, Russia, Saudi Arabia, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, UAE, USA and others, in addition to Egypt, the host country," he noted.

Hamed Mousa, president of Plastics Division, Federation of Egyptian Industries, said the plastics industry in Egypt was growing steadily and becoming increasingly modernised.

"There are substantial opportunities for foreign manufacturers to start or expand their business in Egypt. According to 2005/2006 figures, there are 1,276 factories in Egypt with a total market volume of $4.03 billion and total investments reaching about $4 billion.

Moreover, Egypt consumes plastic materials worth nearly $1.6 billion annually with the demand expected to increase 10 percent yearly, he added.-TradeArabia News Service