News this week: Reed Huaqun Exhibitions, a joint venture subsidiary of Reed Exhibitions China, has agreed with exhibition venue ShanghaiMartto jointly develop the Shanghai International Gift & Home Trade Fair – a trade show previously produced by ShanghaiMart.

The new show will be renamed the Shanghai International Houseware, Premium, Arts & Crafts Creative Design Exhibition and it will be organised by Reed Huaqun with support from the China Gift Chamber of Commerce (CGCC). The three day show will run from 28^th to 30^thAugust 2013 at ShanghaiMart.

Nat Wong, president of Reed Exhibitions Greater China, commented, “This event marks the successful combination of the best elements of two big players: Reed Huaqun and ShanghaiMart. We’ve disassembled the competition model to create better business growth and a far bigger and more synergistic event. The merger of gift shows from Reed Huaqun and ShanghaiMart will deliver fantastic win-win results through the synergy of combining both parties’ strongest advantages.”

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News this week: Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, announced its results for the quarter ended 30^th April 2013. Revenues in the quarter were US$8.6 million – down 20% compared with the same quarter last year. Pico Thailand’s management attributed the decrease to the completion of major contracts – specifically the “Teacher TV” project. Net income in the quarter was US$406,000 – representing a drop of 61%.

Pico Thailand also reported the results for the six months ended 30^th April. Revenues in period were US$17 million – a decrease of 29% compared with same period in 2012. According to the company, the decrease was primarily due to the revenue generated at the BOI Fair held in the first quarter of last year.

In that six-month period, the company recorded a net profit of US$308,000, compared with a profit of US$2.0 million last year. Earnings per share in the period were Baht 0.042 (US$0.0014).

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our websiteto find out more about this service. You can also follow us on Twitterfor all the latest updates.

News this week: Organised by Hong Kong-based Adsale, the 16^th edition of International Exhibition on Textile Industry (ShanghaiTex) reportedly opened to more than 1,000 exhibitors spread over 100,000 m² of exhibition space at the Shanghai New International Expo Centre (SNIEC).

The show took place from 10^th to 13^th June 2013 and the organiser expected to attract more than 60,000 visitors and 30 associations and enterprise delegations. The theme of this year’s ShanghaiTex was “Leading the Transformation and Upgrading of China Textile Industry.” It also hosted group pavilions from Italy, Germany, South Korea and Taiwan.

Meanwhile, Adsale’s plastics and rubber show, Chinaplas, attracted some 114,000 visitors and more than 2,900 exhibitors from 38 countries and regions at the China Import & Export Fair Complex in Guangzhou. Chinaplas alternates between Guangzhou and Shanghai. The show took place from 20^th to 23^rd May 2013 and it occupied 220,000 m²– up 22% over the 2011 Guangzhou edition.

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News this week: This week, the Sydney Showground announced significant progress has been made on its planned new exhibition and event facilities.  The development will be funded by the Royal Agricultural Society – following a detailed procurement process.

The venue reported that contractual documentation is expected to be finalised in the coming week with expansion work to begin in late August at the closing of mining exhibition, AIMEX. The new facilities are scheduled for completion in February 2014.

Peter Thorpe, Sydney Showground’s general manager, confirmed, “Not only are we pleased with the progress of our expansion project but we have also committed significant financial resources to the upgrade of our existing facilities. I am also excited to announce that in the past weeks, Sydney Showground has secured a number of high profile events including Sydney Home Show, Mind Body & Spirit Festival and Australia’s premier IT conference and exhibition, CeBIT. We are extremely thrilled about these events choosing Sydney Showground as their home for the next three years.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our websiteto find out more about this service. You can also follow us on Twitterfor all the latest updates.

News this week: The recently concluded Hong Kong International Jewellery Show, organised by the Hong Kong Trade Development Council (HKTDC), will adopt a “2 Shows 2 Venues” format beginning in March 2014.

The new arrangement will see the show split into the Hong Kong International Jewellery Show and the Hong Kong International Diamond, Gem and Pearl Show to run concurrently at two separate venues. According to the HKTDC, finished jewellery products will be exhibited at the International Jewellery Show in the Hong Kong Convention and Exhibition Centre (HKCEC) from 5^th to 9^thMarch, while loose stones and raw materials will feature at the International Diamond, Gem and Pearl Show in the AsiaWorld-Expo (AWE) from 3^rd to 7^thMarch.

Benjamin Chau, deputy executive director of HKTDC was quoted saying, “The brand new arrangement of ‘2 Shows 2 Venues’ will allow more exhibitors to participate, in which a greater variety of jewellery exhibits will be on feature. The two shows are perfectly timed and housed to generate a synergistic effect, maximising exhibitors’ exposure and buyers’ sourcing opportunities, and providing a perfect setting for the shows to grow and prosper.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our websiteto find out more about this service. You can also follow us on Twitterfor all the latest updates.