Autoparts-makers fetch big orders

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LAHORE - The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) is seriously looking for joint ventures and trade agreements for development of engine and high-tech consumable parts for aftermarket and OEM consumptions.

“We are seeking technical collaboration with international companies for high-tech auto parts manufacturing in Pakistan,” observed Munir K. Bana, the Chairman of the PAAPAM.

Briefing the managing committee about PAAPAM delegation visit to Automechanika 2012 Frankfurt, the newly-elected chairman said the association was looking forward to developing contacts with international manufacturers, besides analysing possibility of joint ventures with them.

He added that delegation had visited the exhibition to study world automotive industry and introduce its members to international markets and build up their businesses keeping in view global economies and scales.

The delegates, out of which 26 were exhibitors, participated in the show under the PAAPAM banner, fetching big orders worth of millions of dollars as follow-up of the event, he added.

He said that delegation studied and calculated their potential at the mega event, adding that the association also met with different international counterpart associations, fair organisers and major technology and raw material providers during the event. Addressing the meeting, vice chairman Usman Malik said that Automecanika Frankfurt is the largest exhibition of Europe for auto parts and caters entire European market. “We plan to enhance our exports and exceed $120 million barrier (current share of the sector) this year,” he added.

He said that the delegation’s participation was part of the association’s strategy to introduce international markets to its members, providing them an opportunity to forge new alliances and business ventures, besides introducing world a true commercial and manufacturing diversity of Pakistani companies.

The PAAPAM also holds such mega exhibitions in Pakistan. In October 2011, it had arranged Pakistan Auto Show 2011 successfully in Lahore, while the second show would be held in Expo Karachi from 11 to 13 January 2013.

Usman said that Automechanika is the event for rapidly developing automotive aftermarket. The event covered a full range of parts of motor vehicles as well as components for the drive, chassis, body, electric & electronic groups, equipment for vehicle service and repair, bodywork repair and painting, tyres, batteries and performance systems, he said. “We consider our participation in Automechanika as a key part of our marketing strategy in the region.

Courtesy: The Nation


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