FASTENER FAIR RUSSIA
The first edition of Fastener Fair Russia 2013 took place in Lenexpo Exhibition Complex on March 12 to 14. This three day show attracted professional fastener companies from 23 nations. Exhibitors include those from Russia, Japan, Taiwan, China, India, and East European nations such as Ukraine, Poland, Belarus, Estonia, Lithuania, and other European and American nations. Correspondents of Fastener World Inc. observed that most of the visitors were local Russian buyers, followed by buyers from Ukraine, Belarus, and Kazakhstan, etc. Fastener World Inc. also led the following five corporations to attend the show: HOMN REEN ENTERPRISE CO., LTD., HSIN CHANG HARDWARE INDUSTRIAL CORP., LINKWELL INDUSTRY CO., LTD., SHEH KAI PRECISION CO., LTD., and HURMG YIEH MACHINERY INDUSTRIAL CO., LTD. To those exhibitors that attend the show for the first time, this was a whole new exhibiting experience. Other exhibitors state that they were meeting with brand new customers. A great deal of client data had been collected during this show, and we can expect the business effect coming in the near future. In 2011 and 2012, GDP of Russia skyrocketed at the pace of 4.1% and 3.4% growth. Meanwhile, local infrastructure construction was on the go, including the high-speed railway in Saint Petersburg in Moscow, of which the investment value reached around USD 23 billion. Apart from that, Russia is preparing for the 2014 Winter Olympics and the 2018 World Cup Soccer Game, which are expected to bring up another high wave of billion-dollar infrastructure investment. Propelled by the demand for those infrastructure constructions, Fastener Fair Russia 2013 received great attention from the public. Those market demands are the exact incarnation of enormous business opportunities. Reviewing Taiwan export value towards Russia in the history, the value reached USD 38.5 million in 2010, USD 62.2 million in 2011, and USD 51.3 million in 2012, making Russia the 14th highest in Taiwan’s export destination countries. Therefore, Fastener Fair Russia 2013 is an appropriate platform between Taiwan makers and traders for Russian market expansion.