540 firms lineup for Saudi Print & Pack Exhibition

Updated 12 January 2016
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540 firms lineup for Saudi Print & Pack Exhibition

RIYADH: A total of 540 companies from 24 countries are participating in the upcoming Saudi Print & Pack, Plastics and Petrochem Exhibition, which is scheduled to commence at Riyadh Exhibition Center (REC) on Monday.

Prince Saud Al-Abdullah Al-Faisal bin Abdulaziz, chairman, REC, said in his announcement here on Tuesday that the major exhibiting companies would include China, Taiwan, India and Italy.
Prince Saud in his welcome address highlighted the role played by the REC over the years in upgrading the MICE Industry by organizing hundreds of conferences and attracting thousands of exhibitors and visitors.
“The Saudi Print & Pack Plastics and Petrochemicals exhibition is an annual event that gathers the decision makers from the private and public sector, to discuss the latest trends in the industry and explore the local opportunities with a global audience attending from the 24 countries participating in the event,” the prince said.
The press conference was attended by the commercial attaches of China, Taiwan, Italy and India; media representatives, and sponsors’ represented by Fawaz Al-Fawaz, chief financial officer, National Industrialization Company (Tasnee); Ayoub Al-Ghamdi, vice president commercial and logistics, Saudi Polyemrs Co.; Ahmed Bu-Hazza, supply chain general manager, Advanced Petrochemical Company.
Sami Mohammed Al-Osaimi, vice president, Elastomers, PVC, PS, PET, PMMA and POM, explained that SABIC’s participation in this exhibition aims to present innovative and economic solutions that can be developed locally to promote sustainable development.
He confirmed that SABIC is committed through its participation in the exhibition to raise awareness about sustainability as a crucial industrial concept to preserves the future of our generations and natural resources, pointing out the importance of spreading the innovation culture among their visitors during the show.
He added that the specialized chemicals sector focuses its efforts to provide specialized products that offer solutions, and new modern applications for customers and end-users.
Al-Ghamdi said: “The exhibition is an excellent opportunity to exhibit the needs of a growing market in packaging, printing, and plastics industries, and sheds light on the latest technical development and techniques for current and future demands.” Ahmed Bu-Hazza, supply chain general manager, Advanced Petrochemical Company, said, “The Saudi Print & Pack, Plastics & Petrochemicals exhibition is the largest industrial event in the Middle East, the polymers field in particular and provides opportunities to communicate at all levels, which will support the growth and development of polymers products. The industrial manufacturing, especially in the Kingdom, thus accommodates the localization of this industry and of its technical support and development of the Saudi work force and to sustain the growth of this promising market, which is compatible with the goals of our government.”
Pramod Kumar Agarwal, second secretary (economic and commercial), Embassy of India, thanked the REC for organizing this significant event and said “The Kingdom of Saudi Arabia is the 4th largest trade partner with an annual bilateral trade of around $ 40 billion.” He added that India will be represented by more than 50 companies at the show and it is also arranging a B to B event in Riyadh.
Faisal AN, economic counselor, Taipei Economic & Cultural Representative Office, Taiwan, said: “The Taiwan pavilion will host 24 suppliers who are ready to show their cutting-edge products and technologies, and prove their expertise in making plastic and rubber machinery.”


China bemoans US ‘bullying’ of Huawei

Updated 23 May 2019
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China bemoans US ‘bullying’ of Huawei

  • The trade spat between US and China escalated after President Donald Trump issued orders last week on grounds of national security
  • Trump’s move effectively bans US companies from supplying Huawei and affiliates with critical components

BEIJING: China’s foreign minister has slammed US moves against telecom giant Huawei as “economic bullying,” and warned that Beijing was ready to “fight to the very end” in its trade war with Washington.
The trade spat between the world’s top two economies escalated after President Donald Trump issued orders on grounds of national security last week that have prompted several foreign firms to distance themselves from Huawei.
“The US use of state power to arbitrarily exert pressure on a private Chinese company like Huawei is typical economic bullying,” Foreign Minister Wang Yi said Wednesday at a meeting in Kyrgyzstan of the Shanghai Cooperation Organization (SCO), a regional security group led by Beijing and Moscow.
Trump’s move effectively bans US companies from supplying Huawei and affiliates with critical components over activities the US says are contrary its national security or foreign policy interests.
Japan’s Panasonic announced on Thursday that it was cutting back business with Huawei in light of the US ban. A day earlier, mobile carriers in Japan and Britain said they would postpone the release of Huawei smartphones.
“Some people in the United States do not want China to enjoy the legitimate right to develop, and seek to impede its development process,” Wang said, according to a foreign ministry statement issued late Wednesday.
“This extremely presumptuous and egocentric American approach is not able to gain the approval and support of the international community.”
The two countries have yet to set a date to recommence trade negotiations after they resumed their tariffs battle earlier this month, with Trump raising punitive duties on $200 billion in Chinese goods and Beijing hiking those on $60 billion in American products.
Trump has accused China of reneging on its commitments in the trade negotiations. Beijing has countered that any deal needs to be balanced.
“It is impossible for us to sign or recognize an agreement that is unequal,” Wang said.
“If the United States is willing to negotiate on an equal footing, then on the Chinese side, the door is wide open. But if the United States opts for a policy of maximum pressure, then China will take them on and fight to the end,” he said.