ASEAN Market Outlook on Steel Slabs Sample Clauses

ASEAN Market Outlook on Steel Slabs. The general driver for growth in the consumption of slabs in ASEAN is driven by growth in end-user industries such as the electrical and electronics (“E&E”), construction and automotive sectors. The E&E sector comprises of telecommunication and data devices (e.g., mobile handsets, cellular base stations, notebook computers), consumer electronics (e.g., flat panel TVs, personal digital assistants), medical devices (e.g., drug delivery devices, surgical equipment, ultrasound equipment), and automotive system (e.g., navigation and safety systems, entertainment devices). Demand from these sectors is expected to increase steadily as consumer spending strengthens with the regional economic growth expected in Malaysia, Indonesia and Thailand over the next few decades. In the construction sector, Malaysia’s recently announced 10th Malaysia Plan 2011-2015 (“10th MP”) has allocated about RM63 billion in construction projects to be constructed in the next five years. Thailand will be embarking on its 11th National Economic and Social Development Plan which will roll out between 2012 and 2016. Thailand is allocating budgets for several construction projects such as for the rail mass transportation system (e.g., THB400 million (RM40 million) for pre-construction assessment, THB1,953 million (RM193 million) for the construction of Yotha, the sky train’s Blue Line from Hualampong- Bang Care and Bang Sue-Tha Phra) and the waterworks operations (e.g., THB1.1 trillion (RM116 billion)) to the Public Sector Operational 2011 fiscal budget under Provincial Waterworks Authority. Indonesia has also shown strong activity in the construction sector, especially with recent investments exceeding RM40.8 billion between 2004 and 2009. The automotive sectors in Thailand and Indonesia are also expected to grow significantly due to their large and vibrant automotive industry.
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