Major infrastructure development plans in Asean, together with dynamic manufacturing growth, especially in the automotive, electrical and electronics industries, are contributing to the strong prospects of the wire and tube sector, say industry executives.
The rapidly growing ranks of middle-class consumers and their willingness to spend are increasing. A balanced and more sustainable consumer-oriented growth model is now driving the region forward, they say.
“Wire, cables and tubes are basically an unseen ‘hero’ industry. You don’t really see or recognise them, but in fact these products are in everything in your day-to-day life. Despite being hidden behind the wall, they are very significant,” said Gernot Ringling, managing director of the trade fair organiser Messe Dusseldorf Asia.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.