International Metal Technology (IMT) Indonesia is the upcoming industrial exhibition dedicated towards encouraging trade exchange between global, regional as well as local metal industry players.
Focused on the need to bring in advanced metal processing, foundry, casting technologies, fabrication, metalurgy solutions required by competitive domestic players, IMT will open Indonesia's metal markets for worldwide contribution.
Leading domestic and foreign manufacturers representing the complete spectrum of the metal supply chain will bring their latest technologies to spur Indonesia's metal industry development.
The overall outlook for steel demand in Indonesia is positive and, taking into account the expected growth in spending for infrastructure - Indonesia's expected 3.1% steel demand growth in 2020 to depend on infrastructure projects backed by its government socio-economic development plans.
Industry analysts expect growth in steel demand in the country to reach 22.7 million tonnes by 2024, an increase of more than 50% from 2018.
Indonesia increased its state budget for 2020 to more than 2,500 trillion rupiah ($180 billion), up by 8.5% year on year, with 419.2 trillion rupiah earmarked for infrastructure development, an increase of 4.9% from 2019.
The development of 4,700 trillion rupiah of infrastructure projects, including new roads, airports, seaports and the country’s first mass rapid transit system to improve connectivity across the country will increase its steel consumption to as much as 21.4 million tonnes per year over the next few years.
Leading domestic and foreign manufacturers representing the complete spectrum of the metal supply chain will bring their latest technologies to spur Indonesia’s metal
IMT & FTI Indonesia is set to be the focal platform for overseas investors, manufacturers and technology innovators who are seeking a good entry point to expand their operations in Indonesia by identifying a local partner or distributor
Foreign expertise with topnotch technologies are welcomed to partner local businesses and support their production competencies
IMT & FTI Indonesia will serve the end to end manufacturing needs of key industries with high volume metal demands.