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A delegation of COFME visits Singapore this May, in accordance with the annual plan to boost trade in the Asian area.
Singapore’s economy, at the head of ASEAN member countries, has grown steadily in recent years, by 3.2% in 2018. With a per capita GDP of 64MUSD, the value of its imports of electrical equipment grew by 9% in 2018, with a value of over 100,000MUSD, according to official government statistics.
It is one of the main decision-making and influence centres of the Asian SE for infrastructure development: MRT (Jurong and Cross Island lines), Changi airport extensions, water and waste-to-energy project (TUAS NEXUS), tramway (Sentosa), as well as collaborations with Singapore companies in Asian third countries: Infrastructure Asia Initiative, or the Singapore-Kuala Lumpur high-speed train project, scheduled for May 2020. Singapore also hosts no less than 6 construction fairs and research to improve the efficiency of construction processes.
In this area, the COFME delegation will carry out an important prospective action, in addition to materialising the commercial contacts programmed in the aforementioned annual plan, giving continuity to an already extensive activity in this Asian market.
The COFME Group consists of eight Spanish leading manufacturers in the field of electrical equipment: CELO-APOLO, DAISALUX, FERMAX, SACI, SALICRU, SODECA, SOFAMEL and SOLERA.