JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 22

Asia-Pacific

South Korea: the guest of honour at JEC Asia 2011
South Korea, the guest of honour at the next JEC Asia (18-21 October in Singapore) is representative of the Asia-Pacific region: extremely dynamic – and not just in the general sense, as we are going to discover, but also in the specific area of composite materials with growth rates that are well above average. 9% average growth projected for China
In China, tighter monetary conditions have reined in growth, which is projected to average around 9% in 2011-12. Inflation has continued to veer up and the price of all demand components combined is up increasing social expenditure and take-home pay. As the locus of economic activity is shifting to fast-expanding inland cities, easing urban registration requirements would facilitate migration to the new workplaces and help keep wage inflation in check.

22

jec composites magazine / No67 August - September 2011
Process 2010 6.1 2015 7.1 Average 2003-07 5.5 6.0 5.7 Average 2003-07 6.6 Indonesia Malaysia 6.5 6.0 5.3 5.5 Philippines Singapore Thailand 4.4 4.6 14.0 7.0 4.5 5.1 7.5 4.7 5.6 5.2 Viet Nam

he Asia-Pacific region continues to drive global growth. Activity rates are higher there than anywhere else in the world, and the composites sector is making the most of it. Rather than explore all of the countries in that region, we will use the latest OECD studies to take a look at what is going on in the ASEAN countries, plus China and, of course, this year’s guest of honour at the JEC Asia, South Korea. This selection of

T

Tab.1: The OECD report underlines that, despite this positive outlook, future growth still needs to be more balanced across the ASEAN countries.

countries is representative of the region by its diversity.

Returning to pre-crisis growth

According to the OECD, the six major ASEAN countries have rebounded from the global economic crisis, with medium-term growth prospects returning to precrisis levels. With economic recovery underway across the region, GDP growth will average 6% annually across the ASEAN6 countries over the 2011-15 period, which is about the same level as the period 2003-07.

JEC Asia 2009: Yong Jun Cho, Chairman and CEO of the Hankuk Fiber Group, received the “Life Achievement JEC Asia Award” with Frédérique Mutel, Presidente & CEO, JEC Group.

by 6.75% for the year preceding and up to the first quarter of 2011. As excess demand in the economy is gradually eliminated and import prices stop rising, inflation should ease back in 2012. As underlined by the OECD, fiscal policy should continue to be oriented to

Sustained recovery in South Korea
Korea has achieved one of the strongest recoveries among OECD countries from the 2008 global recession, led by its robust export performance and the largest fiscal stimulus among member countries. The expansion is projected to continue through 2011 as

6.8
7.3

7.2

8.1 6.1

7.1

Average for the six countries

6.0

6.0

Source: OECD Development Centre (MPF-SAEO 2010)



JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011

Table of Contents for the Digital Edition of JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011

Cover
Edito
Point of view: "I have a very positive view of the market" by Thomas Hedger
Contents
Agenda of Events
COMPANY & BUSINESS
- In Brief
- Automotive
APPLICATIONS
- Aeronautics
- Building & construction
- Sustainability
MARKET
- Composites
- Asia-Pacific
- Resin
-Productivity
-Human Resources
FEATURE MARINE
- Natural Fibre
- Environment
- Race boat
- Simulation
- Coating
- Bonding
RESEARCH & DEVELOPMENT
- Simulation
- Natural Fibre
TECHNOLOGY & INNOVATIONS
- RTM-S
-Software
- SMC
Index
In the world
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - Cover
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 2
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - Edito
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - Point of view: "I have a very positive view of the market" by Thomas Hedger
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 5
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - Contents
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 7
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 8
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - Agenda of Events
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - PubJEC
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - PubESI
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - In Brief
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Automotive
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Aeronautics
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 13
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Building & construction
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 15
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 16
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 17
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Sustainability
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Composites
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 20
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 21
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Asia-Pacific
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 23
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 24
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Resin
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 26
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 27
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - -Productivity
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 29
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 30
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - -Human Resources
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 32
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Natural Fibre
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 34
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Environment
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 36
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 37
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Race boat
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 39
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Simulation
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 41
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Coating
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 43
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 44
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 45
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 46
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Bonding
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 48
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Simulation
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 50
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 51
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 52
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - Natural Fibre
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 54
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 55
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - RTM-S
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 57
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 58
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 59
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - -Software
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 61
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 62
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 63
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - - SMC
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - Index
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - In the world
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 67
JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 68
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