Why Exhibit?
Fastener Fair Russia offers companies of the fastener and fixing industry a dedicated trade exhibition to target the vast Eastern European market of Russia. With the hosting of the 2014 Winter Olympic Games and the 2018 World Cup, as well as other multi-billion investments in infrastructure and a constantly growing domestic demand, Russia provides excellent opportunities for local as well as international manufacturers, suppliers and traders of fastener and fixing technologies.
Russia at a glance
- Population: 142.9 million people (2011)
- GDP: US$ 1.884 trillion (estimate 2011)
- GDP Growth in 2011: 4.1%
- Rising domestic consumption and infrastructure development drive growth
Major Fastener Markets
Automotive
- 1.78 million passenger vehicles built in 2010
- By 2015 production capacity will have grown by some 90% in comparison to 2007
- The Russian government has set the target for 2020 to have 80% of all sold cars manufactured within Russia
- Growth for commercial vehicles is predicted to be 27% in 2013, 29% in 2014
- Currently there are more than 800,000 buses in operation in Russia, 54% have been in use for more than 10 years and need to be replaced in the coming years
Rail
- Russia operates the world’s 2nd largest rail network with 85,000km
- Russian Railways JSC (RZD) is investing €330.8 billion into modernisation programme scheduled to last until 2030
- High-speed rail links are being built for the FIFA World Cup in 2018 to link major Russian cities, total investment cost €137.5 billion
- By 2014 50km new lines of the Moscow Metro have to be completed
Airports
- Major airport upgrades need to be completed by 2018, Moscow Sheremetyevo International Airport €32 million, Moscow Domodedovo Airport €1.5 billion, Moscow Vnukovo Airport €331.25 million, Tolmachevo Airport €7.5 million, Koltsovo International Airport €374.5 million
- Russian carriers will need more than 1000 new passenger aircraft over the next 20 years
Defence
- The Kremlin has stated its desire to build a professional army. For military modernisation and restructuring, the State Armaments Programme (SAP) is calling for €551 billion to be spent between 2011 and 2020.
Energy
- Energy generation is a key market for fastener products in Russia
- 2.5 million km of power lines in operation, between 70% and 90% need to be replaced urgently
- Investment in grid development is estimated at €75 million in 2011, €124 million in 2015. 60% - 80% of the equipment are sourced from foreign companies
- By 2030 4.5% of all electricity produced is targeted to come from renewable sources.
Petrochemicals
- Oil & Gas industries are key contributors to the economy
- Russia holds the world’s largest natural gas reserves, second largest coal and eighth largest oil reserves. Russia is the largest exporter of natural gas, second largest exporter of oil and the third largest energy consumer
Construction
- Major construction projects offer great opportunity for new and specialised fastener types, as domestic industry mainly produces simple fasteners.
- €272.5 million are budgeted for tourist infrastructure. Russia needs to build or upgrade 19,000 hotel rooms to accommodate fans, according to FIFA estimates.
- By 2018, a toll motorway will connect Moscow and St Petersburg; existing federal motorways linking the capital with other World Cup host cities will be upgraded, most of them fully or partially switching to a toll system.
* Please note, all financial figures are approximate due to conversion
