Khanna: the steel industry is poised for a strong growth

Tekno 2017, an international industrial trade fair set to be held this month in Dubai, will focus on steel and other metal products.

The event, be held from December 17 to 19, at the Dubai International Convention and Exhibition Centre (DICEC), will also cover wires and cables, tubes, pipes and rods, and welding and cutting.

Tekno is set to bring together a wide array of innovative and cutting edge technologies, smart machinery and material technologies, said a statement for organisers Al Fajer Information & Services.

The trade show will also provide a platform for experts to share best practices for market penetration and a lucrative opportunity to understand the current market dynamics and its effects on the business, it said.

Targeted to host more than 120 international and regional brands from over 12 countries, the event will provide a strategic platform for key decision-makers and visitors to connect and collaborate explore business opportunities and forge valuable global partnerships, it added.

Satish Khanna, general manager of Al Fajer Information & Services, said: “With several new projects been announced recently in infrastructure, pipelines, airports, real estate, and industrial sector along with government initiative of diversifying the economy, the steel industry is poised for a strong growth.”

“In today’s time steel has become the fundamental element and skeleton of every developed and developing economy that covers the lengths and breadths of the country and its market. While the event will serve as a strategic platform to discuss insights on the steel industry, it will also highlight the steel industry trends taking shape this year and in the coming months,” he added.

A report by the World Steel Association stated that the global steel demand will grow by 7 per cent to a little more than 1.622 billion tonnes this year and reach around 1.648 billion tonnes in 2018.

Additionally, crude steel production in the Middle East and North Africa (Mena) region rose by 19.42 per cent to 6.753 million tonnes in September 2017 as compared to 5.655 million tonnes in the same period last year.

The total crude steel output by UAE in September 2017 was 239,000 tonnes, up by 24.48 per cent year on year.

Rupashree Singh, exhibition manager, said: “Tekno shall be a one stop solution for all the latest in technology necessitated to augment manufacturing and industrial growth.      While this progress has been encouraging, the Middle East and the UAE is seen as one of the most dynamic markets for growth of the non-oil sectors too. We are confident that exhibitors and visitors will get a current view of the latest developments and innovations of the industry and will also help them improve their business productivity and efficiency within and beyond manufacturing industries,” Singh said.

“Shaped to deliver outstanding insight and create networking and new business opportunities, whilst ensuring a robust return-on-investment, the event has welcomed the industry who’s who,” Singh added.