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TYREXPO ASIA
Tyrexpo Asia Integrates into Inaugural World Rubber Week
SingEx’s Aloysius Arlando opening the show
Over the years Tyrexpo Asia has become the premier tyre industry exhibition for South East Asia. Based in Singapore, it has managed to serve as a connecting point for the tyre industry from Europe (where the original owners were based), Asia and Australasia.
This year, under new ownership, the show made further progress by
forming part of the inaugural World Rubber Week – the first synchronised event organised by SingEx Exhibitions in partnership with International Enterprise (IE) Singapore, International Rubber study Group (IRSG) and SingaporeExchange (SGX), combining Tyrexpo Asia with the World Rubber Summit and the
Rubber Exchange Forum. The event was held at the Singapore Expo from 24-26 March.
Tyrexpo Asia has a history of coinciding with seismic political events. In the past it has coincided with the 9/11 terror attacks on New York and with the SARS outbreak. This time it coincided with the passing of Singapore’s founding father Lee Kuan Yew, and, as a result, all attendees at the show were reminded of the remarkable progress that Singapore has made over the course of the past 50 years. It is no surprise that Singapore remains the first choice to host a major event such as this.
The opening ceremony for World Rubber Week was presented by the main executives of the four collaborating partners - Aloysius Arlando, CEO of Singex, Dr Stephen Evans, Secretary General of IRSG and Magnus Böcker, CEO of the Singapore Exchange and Tan Soon Kim, Assistant CEO of International Enterprise Singapore. The synchronised event was promoted as being the ideal platform to gather intelligence on the latest insights, outlook and opportunities in the business environment and various
market segments of the rubber industry.
During the opening ceremony, Dr Stephen Evans talked about mid- term overcapacity in the rubber sector due to the economic slowdown in India, but saw a good future for the industry overall. Global rubber consumption, he said, was set to follow growth in the tyre market. The global car tyre market, he added, was expected to grow from 1.23 bn to 1.72 bn units between 2014 and 2023, with the truck tyre market increasing from from 479 million to 727 million units. Over the same period NR consumption, said Evans, is expected to rise from 11.9 million metric tons to 16.5 million. Synthetic rubber is forecast to grow from 16.8 million to 21.5 million tons.
In addition to the IRSG’s World Rubber Summit, World Rubber Week also featured The Rubber Exchange Forum, a workshop on the educational and technical aspects of rubber trading, which covered an overview of the history of the rubber market in Asia, an introduction to rubber futures contracts and a perspective on trading rubber
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