Illustrative image (Photo: VNA)
HCM City (VNA) - The Vietnam International Plastics and RubberIndustry Exhibition (VietnamPlas) opened on October 3 in HCM City, showcasingadvanced technologies and machinery and equipment used in the plastics andrubber industry.
The event attracts morethan 580 exhibitors from 18 countries and territories, including Austria,Australia, Belgium, China, Germany, Hong Kong, India, Italy, Japan, Malaysia,New Zealand, Singapore, the Republic of Korea, Switzerland, Taiwan, Thailand,the US and Vietnam.
They include extruder brands Everplast, Ming Jilee and Kim Minh; blow mouldingmachinery suppliers Chum Power, Quingdao Weier, Kim Cuong and OPEC; blown filmequipment makers Polystar, Chyi Yang, Full Shine and Ye I; injectionmolding machinery producers E-Shine, Jing Day and Pan Stone; and plasticrecycling machinery leaders Atlas, Changshu Shi Shouyu, LaiZhouJinlida and Nanjing Tengda.
VietnamPlas also features raw materials such as masterbatches, PVC additivesand engineering polymers and compounds.
Leading brands from around the world have brought high-calibre plasticprocessing machinery and cutting-edge advancements and applications to helplocal manufacturers upgrade their production lines.
A number of seminars, including “Intelligent and Sustainable: Guidelines forIndustrial Upgrades”, "First step to Plastics 4.0, Technology and Futureof Rubber” and “Circular Economy” will be held during the four-day exhibition,according to the organisers.
Speaking to the media, Nguyen Quoc Anh, Chairman of the HCM City Rubber-PlasticManufacturers Association, said this year, export of natural rubber hasfallen significantly but that of rubber tyres and technical rubber was upsharply.
Tyre exports were worth1 billion USD in the first half of the year, an increaseof 30 per cent over the same period last year, he said.
Talking about the prospect for the rest of the year, he said: “Exports tothe US and EU will be good, but shipments to the Republic of Korea and Chinawill face difficulties.
“The Chinese and Koreancurrencies have depreciated by 3-4 percent and 6 percent against the US dollar,making Vietnamese products less competitive in the two markets.”
So the exhibition offers a good opportunity for local manufacturers to accessnew technologies to reduce costs and improve their competitiveness, he said.
Ho Duc Lan, Chairman of the Vietnam Plastics Association, said exports ofplastic products grew by 5 percent year-on-year in the first nine months.
The industry has an opportunity to boost exports this year, he said, addingthat with the current growth momentum, it would surely meet the target of 3.2billion USD.
Organised at the Saigon Exhibition and Convention Centre by the Vietnam NationalTrade Fair and Advertising Company in cooperation with Yorkers Trade andMarketing Service Co., Ltd. and the Vietnam Plastics Association, VietnamPlaswill run until October 6./.
