Exhibition World | NewsTHE MAGAZINE FOR THE GLOBAL EXHIBITION COMMUNITY WWW.EXHIBITION-WORLD.NET7RUSSIA - Emerging marketspecialist ITE Group has acquired Russianexhibition business Krasno-dar Expo from its owners, a group of privateshareholders.Based in the south ofRussia, Krasnodar has aportfolio of over 20exhibitions with annualBRAZIL - Reed ExhibitionsBrazil has acquired Sao Pauloorganiser Multiplus Fairs andEvents (MFE).Focussing on the ethanolmanufacturing sector, MFE'sportfolio includes Fenasucro,Agrocana, the Brasil EthanolTradeshow and Sucronor. Theorganiser also producesfurniture market eventsincluding Movexpo e Brasil,Movinter and Saloao Abimovel."Multiplus is an important step insecuring our position in thebroader energy market of Brazil,and a key strategic element in ourglobal renewable energy strategy,"said Reed Exhibitions Americaspresident, Chet Burchett. "MFEalso puts us into important marketsin Brazil's Northeast and the interiorof Sao Paulo State."Brazil is the second largestproducer of ethanol after theUSA, and the world's largestethanol exporter.volume sales of 50,000sqm.The largest events serve theconstruction and agricultureindustries, which complementITE's existing portfolio.The business reported apre-tax operating profit ofabout US$3m for 2010. ITEbought the company for $14m,payable in cash, with halfdeferred awaiting confirmationof audited figures."Krasnodar has a strongregional market position in the South of Russia which fits well with current business,"said ITE CEO Russell Taylor."Krasnodar's portfolio iscomplementary and theaddition of this business isconsistent with the strategy ofexpanding regionally."ITE purchases Russian exhibition businessUSA - Global Sources hashighlighted its exhibitionbusiness as a key revenue driver. The B2B media companyreported total revenue ofUS$62.4m in the last quarter to31 December 2010, compared to$54.9m in 2009. Pre-tax earningshit $11.1m, up $1.5m year-on-year. Exhibitions revenuecontributed $29.9m of this figurecompared with $25.8m in Q4,2009. The company alsoannounced revenue of $194.2min the 12 months to 31 December2010, and adjusted pre-taxearnings of $32.2m up from$25.2m in 2009.Exhibition highlights in Q42010 included the inauguralChina Sourcing Fairs inSingapore and South Africa."We are focused onincreasing market penetration inour core, export-focusedbusiness; expansion in China'sdomestic B2B market; and newtradeshows in new verticals andlocations," chairman and CEOMerle A. Hinrichs said.Messe Frankfurtmoots Saudisecurity eventSAUDI ARABIA- MesseFrankfurt is considering enteringthe Saudi market with its securitytrade show brand Intersec.The decision follows thecompany's corporate strategy toexpand its presence in the regionwith a series of 'highly-targetedtrade events'. Countries in the ArabianPeninsula are forecast to spendAED7.7bn (US$2.1bn) onsecurity-related systems andequipment in 2013, according toDubai-based Epoc MesseFrankfurt CEO Ahmed Pauwels.In other Saudi Arabia news,the Riyadh InternationalConvention and ExhibitionCentre (RICEC) will increase itsfloor space by 10,000sqm to anew total of 25,000sqm as partof plans to meet expectedbusiness growth.Messe Frankfurt's Americanarm, meanwhile, has partneredwith MFG.com, a sourcingmarketplace for internationalmanufacturers. Together, thetwo companies will work on2011 New York textile eventsTexworld USA, InternationalApparel Sourcing Show andHome Textiles Sourcing Expo.All three events take place from19 to 21 July at the JavitsConvention Center.Global Sources reportsexpo revenue uptickReed acquiresBrazil organiserPlans progress fornew Indian venueINDIA - A new exhibition andconvention centre outside theindustrial town of Manesar in theState of Haryana, India, ishoped to generate more than350,000 jobs in admin,maintenance, retail andhospitality for the region.The US$556m ExhibitionConvention Centre (ECC) willstand on a 253-acre site at thejunction of the Kundali-Manesar-Palwal Expressway,which is under development,and the National Highway 8,which is being widened fromfour to six lanes. Joint owners will be theHaryana state governmentthrough the Haryana StateIndustrial and InfrastructureDevelopment Corporation andthe Indian Government throughthe Delhi Mumbai IndustrialCorridor DevelopmentCorporation or similar agency.The project is expected totake two years once finalised.| April 2011|
News| Exhibition WorldUSA- The InternationalAssociation of Exhibitions andEvents has urged PresidentBarack Obama to accept aseries of recommendationsgiven to him earlier this year toease US visa and entry policies.According to the chairman ofthe President's Export Council,the recommendations willrepair failures in existing entrypolicy that prevent thousandsof international buyers fromattending US-based tradeshows. Recommendationsinclude establishing dedicatedbusiness windows at USconsulates, opening moreconsular offices, encouragingcooperation between US postsabroad and the AmericanChambers of Commerce andreforming immigration and visapolicies.The Center for ExhibitionIndustry Research claims visaissues costs the US eventsindustry over US$4bn each year.USA- Plans for a US$221mrenovation to Detroit's CoboConvention Center have beenrevealed.The project, due for completionin 2014, will include the conversionof Cobo Arena to a 3,700sqmballroom, another 2,300sqm ofexhibition space, extensiveinfrastructure upgrades, a newthree-story glassed-in atrium andnew glass walls to highlight Cobo'sriverfront location.Cobo Center plans unveiled8| April 2011| THE MAGAZINE FOR THE GLOBAL EXHIBITION COMMUNITY WWW.EXHIBITION-WORLD.NETJAPAN- Exhibition venueTokyo Big Sight cancelled allevents until the end of Marchdue to the unreliable powersupply that followed Japan's catastrophic earthquake andsubsequent tsunami.In the wake of the disaster, theTokyo Electric Power Companyimplemented rolling blackouts inseveral prefectures including thecapital city.Cancelled events includedInternational Auto Materials andProcessing Technologies Tokyo(16-18 March), Haru Comic City16 (20 March), TokyoInternational Anime Fair 2011(24-27 March), the TokyoMotorcycle Show 2011 (25-27March) and the Jang Keun-SukShowcase Live (27 March). Atthe time of writing, no April showswere cancelled or postponed.Meanwhile, a statement onMesse Frankfurt Japan'swebsite said its eventsproceeded as planned. "Noneof our office staff members areinjured, and the venues andcontractors have no majordamages affecting our tradefairs in Japan," the notice read.POLAND- A new conferenceand exhibition centre for Gdanskhas been inked for completion inspring 2012.Amber Expo Exhibition andConvention Centre will have aconference plenary room for 600delegates and several breakoutspaces for 100-150 as well asexhibition space.Gdansk to have new conferenceand exhibition centreThe new development'smain investor is The GdanskInternational Fair Co who willwork with the GdanskConvention Bureau to fill thenew venue. The Gdansk ConventionBureau team presented the newplans at International Confex inLondon in March.Tokyo Big Sight cancels upcoming events e Premier Event for Top ExecutivesWhere CEOs Share Success StrategiesJoachim Schäfer Managing Director Messe Düesseldorf Learn proven solutions to boost revenue Meet and network with the industry's top performers Access vital research and trends" ECEF is 24 hours well spent!It provides a broad overview of international trends plus immediately actionable ideas."JUNE 1, 2011JW Marriott | Washington, DC USAAPPLY TODAY! Attendance is strictly limited to senior executives from event producing organizations (associations and independents).Gold Sponsor:Platinum Sponsor:Silver Sponsor:www.eceforum.comIAEE urges USvisa reform"We are making the changesthat our customers, stakeholdersand competitive research havetold us are necessary," saidDetroit Regional ConventionFacility Authority chairman LarryAlexander.Although the bond-financedproject will not be completed untilthe end of 2014, it will be farenough along to host the NorthAmerican International AutoShow in January 2014.