BABC Investment News October 2013 1. Economic Indicators:
UK / London US / NY Euro Zone
2. Investment Indicators:
UK / US / Europe / Global
3. New Investments:
US Investments into UK UK Investments into US
4. Trade Shows:
UK US
1. ECONOMIC INDICATORS UK
UK Gross Domestic Product (GDP) in volume terms was estimated to have increased by 0.7% in Q2 2013, unrevised from the previously published estimate.
Consumer Price Index (CPI) annual inflation was 2.7% in August, down from 2.8% in July.
The employment rate for May to July 2013 was 71.6%, up 0.2% from February to April 2013. The unemployment rate for May to July 2013 was 7.7%, down 0.1% from February to April 2013.
Between May to July 2012 and May to July 2013 total pay rose by 1.1% and regular pay rose by 1.0%.
Production output decreased by 1.6% in July 2013, compared with July 2012.
Manufacturing output decreased by 0.7% in July 2013, compared with July 2012.
The Index of Services increased by 1.8% in July 2013 compared with July 2012.
In Q2 2013 the net sector aggregate of selected SPPI's 12 month inflation rose 0.7%, compared with a rise of 1.2% Q1 2013.
Comparing July 2013 with June 2013, the seasonally adjusted chain volume measure of construction output increased by 2.2%.
In the year to July 2013 the output price index for home sales of manufactured products rose 2.1%. In the same period the total input price index rose by 5%.
Year-on-year estimates for August 2013 showed that the quantity bought in the retail
industry increased by 2.1%. Following strong growth of 1.1% in July 2013, the quantity bought in the retail sector fell by 0.9% in August 2013. The prices of goods sold in the retail industry slowed from an annual increase of 1.8% in July 2013 to 1.6% in August 2013.
Public Sector Net Borrowing in August 2013 was £13.2 billion. This was £1.3 billion lower than in August 2012.
The UK’s deficit on seasonally adjusted trade in goods and services was £3.1 billion in July 2013. The deficit on trade in goods was £9.9 billion. The surplus on trade in services was estimated at £6.8 billion.
There was a current account deficit of £13 billion in Q2 2013, up from a revised deficit of £21.8 billion (originally published as a deficit of £14.5 billion) in Q1 2013.
The number of visits to the UK by overseas residents in July 2013 was 3.3 million, 3% higher than the number in July 2012. During the period May to July 2013, overseas residents made 6% more visits to the UK than in the corresponding period a year earlier and they spent 14% more on these visits. In the 12 months to July 2013 the number of visits to the UK was 3% higher than a year earlier and earnings grew by 10%.
The estimated number of visits abroad by UK residents in July 2013 was 5.9 million, 5% higher than in July 2012. During the period May to July 2013, UK residents' visits abroad were up by 3% compared with the corresponding period a year earlier, and they spent 6% more on these visits. In the 12 months to July 2013 the number of visits abroad by UK residents grew 1% when compared with a year earlier, but expenditure on these visits grew by 3%.
For previously released UK economic indicators visit National Statistics http://www.ons.gov.uk/ons/index.html LONDON
London’s annual growth in output increased to 1.1% in Q1 2013 from an upwardly revised 1% in Q4 2012.
London’s annual employment growth decreased to 2.9% in Q1 2013 from an upwardly revised 3.3% for Q4 2012.
Annual house price inflation in London was 6.9% in Q2 2013, up from 6.3% in Q1 2013.
The percentage of the resident working age population who are unemployed and claiming Jobseekers’ Allowance in London was 3.5% in August 2013. There were 200,700 seasonally adjusted unemployment claimants in London in August 2013 compared to a downwardly revised 204,700 in July 2013.
The Purchasing Managers’ Index (PMI) of business activity recorded 61.9 in August 2013 compared to 61.8 in July 2013.
The PMI for new orders for London firms recorded 63.5 in August 2013 compared to 59.6 in July 2013.
The PMI for the level of employment in London firms was 50.8 in August 2013 compared to 53.4 in July 2013.
The RICS survey shows a positive net balance of 75 for London house prices over the three months to august 2013.
The net house price expectations balance in London was 52 in August 2013.
For Greater London the consumer confidence score increased to -8 in August 2013 from -
12 in July 2013.
In the most recent 28 day period, (from 21 July 2013 to 17 August 2013) London’s underground and buses had 261.4 million passenger journeys; 167.1 million by bus and 94.3 million by Underground.
The moving average annual rate of growth in passenger journeys decreased to1.6% from 2.6% in the previous period.
For more information please visit: http://www.london.gov.uk/priorities/business-economy/publications/londons-economy-today US
Real Gross Domestic product (GDP) increased at an annual rate of 2.5% in Q2 2013, Corporate profits increased $66.8 billion in Q2.
In July 2013, personal income increased $14.1 billion, or 0.1%, disposable personal income (DPI) increased $21.7 billion, or 0.2% and personal consumption expenditures (PCE) increased $16.3 billion, or 0.1%.
The U.S. current account deficit decreased to $98.9 billion or 2.4% of GDP in Q2 2013, from $104.9 billion or 2.5% of GDP in Q1 2013.
The July 2013 international trade deficit increased 13.3% from June, to $39.1 billion. Exports decreased 0.6%, to $189.4 billion, and imports rose 1.6%, to $228.6 billion.
Real spending on travel and tourism decelerated in Q2 2013, increasing at an annual rate of 2.5% after increasing 7.3% (revised) in the first quarter of 2013.
For previously released US economic indicators visit US Bureau of Economic Analysis (BEA) http://www.bea.gov/index.htm NY
Private employment rose by 15,300 in July 2013 after an increase of 12,100 jobs in June.
The unemployment rate remained at 8.4% from June to july.
The Manhattan hotel occupancy rate in July 2013 was 90.8%, up from 90.5% in July 2012.
The Manhattan Class A office vacancy rate was 9.6% in August 2013, while the average asking rent was $70 PSF.
Passengers in NYC area airports totaled 10.1 million in June 2013, up 1.2% from June 2012.
In August 2013, the Manhattan Class A direct vacancy rate fell to 9.6% while the average rental rate rose $1 PSF to $70 PSF.
In the same month, the Downtown Class A direct vacancy rate fell to 12. 2% and the rental rate fell to $51 PSF.
The Manhattan Class A sublease vacancy rate rose from 2% to 2.2% from July to August.
For the twelve months ending July 2013: Building projects (including new, additions and alterations) that started construction in NYC fell by 14.2% and infrastructure (non-building) project starts rose by 1.6% from the twelve months ending July 2012.
Planned space for building project starts rose by 58.5% from the same period in 2012.
2,236 residential building project starts began construction, an 8.5% decrease from the twelve months ending in July 2012. These starts contained 19,873 units, an increase of
72.5% from last year.
Total Broadway attendance was approximately 1 million during the five weeks ending September 1, 2013, down 5.6% from the same period last year.
Broadway revenue during this period was about $109.3 million, up 0.1% from last year.
In June 2013, 10.1 million passengers flew into and out of the region's airports, an increase of 1.2% from June 2012.
Domestic air carriers accounted for 6.4 million passengers, a 0.6% decrease from June 2012.
3.7 million passengers travelled with international air carriers in June 2013, a 4.4% increase from June 2012.
In July 2013, the average daily hotel room rate was $257 a 3.4% increase from July 2012.
Hotel occupancy was 90.8% in July 2013, up from 90.5% in July 2012.
The average daily hotel room rate increased the most in the highest-priced hotels (those charging over $325 per night).
Total ridership on MTA subways, trains and buses in July 2013 was 220.3 million, an increase of 2.3% from July 2012.
Subway ridership in July 2013 was 140.6 million, an increase of 2.5% from July 2012.
For more information please visit: http://www.nycedc.com/resources/economic-data Euro Zone
GDP rose by 0.3% in the euro area during Q2 2013, compared with the previous quarter. Compared with the same quarter of the previous year, seasonally adjusted GDP fell by 0.5% in the euro area.
In Q2 2013, employment decreased by 0.1% in the euro area compared with the previous quarter. In Q1 2013, employment decreased by 0.4% in the euro area.
The euro area annual inflation was 1.3% in August 2013, down from 1.6% in July. A year earlier the rate was 2.6%.
In Q1 2013, compared with Q1 2012, house prices fell by 2.2% in the euro area. Compared with Q4 2012, house prices fell by 1% in the euro area.
In July 2013 compared with June 2013, seasonally adjusted industrial production fell by 1.5% in the euro area. In July 2013 compared with July 2012, industrial production dropped by 2.1% in the euro area.
In June 2013, compared with May 2013, the industrial producer price index remained stable in the euro area. In June 2013 compared with June 2012, industrial producer prices rose by 0.3% in the euro area.
In July 2013 compared with June 2013, production in the construction sector rose by 0.3% in the euro area. In July 2013, compared with July 2012, production in construction decreased by 1.25 in the euro area.
In July 2013, compared with June 2013, the volume of retail trade rose by 0.1% in the euro area. In July 2013, compared with July 2012, the retail sales index dropped by 1.3% in the euro area.
In Q1 2013, business investment rate was down to 18.8% in the euro area, compared with 19.5% in Q4 2012.
The first estimate for the euro area trade in goods balance with the rest of the world in July
2013 gave an 18.2 billion euro surplus compared with + 13.9 billion in July 2012. In July 2013 compared with June 2013, seasonally adjusted exports fell by 1.6% and imports by 0.1%.
The EU27 external current account recorded a surplus of 35.9 billion euro (1.1% of GDP) in Q2 2013, compared with a surplus of 5.9 billion (0.2% of GDP) in Q2 2012.
In Q1 2013, the EU27 invested 37.5 billion euro abroad, compared with 70.7 billion in Q1 2012, while direct investment from the rest of the world into the EU27 was 35.2 billion, compared with 77.8 billion in the same quarter of 2012. Portfolio investment recorded a net inflow of 135.1 billion compared with a net outflow of 112.9 billion in Q1 2012.
For more information please visit: http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/ 2. INVESTMENT INDICATORS Inward Investment Report 2012/13 Global FDI market declines in 2012 The United Nations Conference on Trade and Development (UNCTAD) reported that global foreign direct investment (FDI) flows declined by 18% in 2012 to US$1.35 trillion. The USA, experienced a 26% year-on-year decline in FDI inflows in 2012, while the European Union reported an even steeper decline of 42% (with France falling by 35% and Germany declining by 87%.). UK attracts increased FDI flows In marked contrast to global trends, the UK secured an annual increase of 22% in FDI inflows in 2012, attracting US$62 billion, the highest level in Europe. Indeed, the UK’s share of global FDI flows rose to 4.6%, up significantly from 3.1% in 2011. Value of UK’s inward FDI stock increases The flow of FDI has increased the value of the stock of foreign held capital in the UK. The Office for National Statistics (ONS) reported the value of the UK’s inward FDI stock reaching £766 billion at the end of 2011, up by 5% on the previous year. UNCTAD’s latest data for 2012 shows the value of the UK’s inward FDI stock has continued to grow, increasing by 11.5% to reach an estimated £867 billion (US$1.3 trillion). The UK’s inward FDI stock has also increased steadily, when measured as a percentage of GDP, reaching 54% at the end of 2012. France, Germany and the USA reported 41%, 21% and 25% respectively. UK inward FDI stock comprises a broad portfolio of sectors. Foreign owned companies in financial services hold the largest stock of foreign capital (with 23% of the total). Other sectors with a large presence of foreign capital are ICT and pharmaceuticals, which accounts for 14% of the total stock
of foreign capital. Developed countries remain the major source of UK inward FDI stock. The USA remains the leading source of inward FDI stock in the UK, with American firms holding 25% of the UK’s total stock, representing over £200 billion of UK-based investments. The next three largest markets combined (the Netherlands, France and Germany) account for a further 30% of the UK’s total stock of FDI. While these traditional markets currently dominate the constitution of UK inward FDI stock, UKTI’s strategy is looking to the long-term by also targeting the fast-growing investment flows from emerging markets such as China, India and Brazil. UK inward investment The UK achieved excellent FDI results in 2012/13 with significant increases in both the number of investment projects secured and the number of jobs created and safeguarded. UK Trade & Investment (UKTI) recorded a total of 1,559 FDI projects won for the UK, up by almost 11% yearon-year, and the strongest result in three years. UKTI played an active role in securing 1,322 projects, almost 85% of the national total. Over 170,000 jobs were either created or safeguarded during the year by international companies in the UK, with the number of new jobs increasing by 12% on the previous year to reach almost 60,000.Project numbers increase across the UK driven by record level of expansions. All regions of the UK attracted higher numbers of investment projects in 2012/13 than in the previous year. Wales and Northern Ireland, in particular, achieved significant year-on-year increases in project numbers, up by 191% and 41% respectively. Scotland reported record numbers of FDI projects, while London and the English regions also continued to attract growing levels of international investment. Analysis by project type shows that the number of new investments continued to increase, accounting for half of all projects. Significantly, the number of expansion projects increased by 14% year-on-year to 577 – the highest ever recorded – confirming the long-term commercial value that existing investors in particular put on the UK’s strong skills base, open business environment and advanced research infrastructure. Download the full annual inward investment report 2012/13 (pdf: 4.36MB) UK Investment Position: Q2 2013 Direct investment income switched from a deficit of £0.3 billion in Q1 2013 to a surplus of £10.1 billion in Q2 2013. Portfolio investment income recorded a deficit of £6.8 billion in Q2 2013, following a deficit of £5.4 billion in Q1 2013. UK earnings on portfolio investment abroad increased by £0.9 billion. Foreign earnings on portfolio investment in the UK increased by £2.3 billion. The deficit on earnings from other investment increased by £0.1 billion to £3.8 billion in Q2 2013. Earnings from other investment abroad rose by £0.3 billion to £6.9 billion, while earnings on other
investment in the UK increased by £0.4 billion to £10.7 billion The financial account showed a net inflow (that is, inward investment) of £0.8 billion in Q2 2013, compared with a net inflow of £12.4 billion in Q1 2013. UK investment abroad showed increased disinvestment (inflow) from £25 billion to £36.6 billion in Q2 2013. Investment in the UK showed increased disinvestment to £35.8 billion in Q2 2013 from disinvestment of £12.6 billion in Q1 2013. Direct investment recorded a net inflow (that is, inward investment) of £23.3 billion in Q2 2013, a decrease from a net inflow of £59.6 billion in Q1 2013. Direct investment abroad switched in Q2 2013 to investment of £3.2 billion from disinvestment of £37.6 billion in Q1 2013. Direct investment in the UK increased by £4.5 billion in Q2 2013 to £26.5 billion. Portfolio investment recorded a net outflow of £18.8 billion in Q22013, a switch from a net inflow of £35.9 billion in Q1 2013. The international investment position showed net external liabilities (that is, liabilities exceed assets) of £60.0 billion at the end of Q2 2013 compared with net external assets of £18.1 billion at the end of Q1 2013. UK external assets abroad decreased by £238.3 billion from the end of Q1 2013 to a level of £10,235.6 billion at the end of Q2 2013. For more information please visit link US Investment Position: Q2 2013 In Q2 2013, Income receipts on U.S.-owned assets abroad increased to $190.8 billion from $190 billion. Income payments on foreign-owned assets in the United States decreased to $135.6 billion from $137.1 billion. Net financial inflows were $73.1 billion in Q2 2013, up from $33.1 billion in Q1. U.S.-owned assets abroad increased $109.6 billion in Q2 2013 after increasing $229.1 billion in Q1 Foreign-owned assets in the United States increased $179.3 billion in Q2 2013 after increasing $265.5 billion in Q1. U.S. direct investment abroad was $95.5 billion in Q2 2013, up from $84.1 billion in Q1. Foreign direct investment in the United States was $37.9 billion in Q2 2013, up from $28.6 billion in Q1. For full report please visit: link
US Net International Investment Position: Q2 2013 The U.S. net international investment position at the end of Q2 2013 was -$4,504.1 billion (preliminary) as the value of foreign investments in the United States exceeded the value of U.S. investments abroad. At the end of Q1 2013, the U.S. net international investment position was $4,236.6 billion (revised). The $267.6 billion decrease in the net position reflected a $605.8 billion decrease in the value of U.S.-owned assets abroad that exceeded a $338.2 billion decrease in the value of foreign-owned assets in the United States. The net position decreased 6% in Q2, compared with a 10% decrease in the Q1 and an average quarterly decrease of 8% from Q1 2011 through the first quarter of 2013. U.S.-owned assets abroad were $20,984.3 billion at the end of Q2 compared with $21,590.1 billion at the end of Q1. The $605.8 billion decrease reflected a $423.3 billion decrease in the value of financial derivatives and a $182.5 billion decrease in the value of U.S.-owned assets abroad excluding financial derivatives. U.S.-owned assets abroad excluding financial derivatives were $18,159.2 billion at the end of Q2 compared with $18,341.7 billion at the end of Q1. The $182.5 billion decrease reflected a $292.1 billion decrease resulting from valuation changes that was partly offset by a $109.6 billion increase resulting from financial outflows. Foreign-owned assets in the United States were $25,488.4 billion at the end of Q2 compared with $25,826.6 billion at the end of Q1. The $338.2 billion decrease reflected a $442.6 billion decrease in the value of financial derivatives that was partly offset by a $104.4 billion increase in the value of foreign-owned assets in the United States excluding financial derivatives. Foreign-owned assets in the United States excluding financial derivatives were $22,722.7 billion at the end of Q2 compared with $22,618.3 billion at the end of Q1. The $104.4 billion increase reflected a $179.3 billion increase resulting from financial inflows that was partly offset by a $74.9 billion decrease resulting from valuation changes. For more information please visit Link 3. NEW INVESTMENTS US Investments into the UK InterDigital opens London office InterDigital, Inc. is expanding its research operations with the launch of a London office. The UK research centre is focused on advanced wireless research, including 5G technologies, and leverages the company´s established partnership with the University of Surrey´s Center for Communications Systems Research (CCSR) and its 5G Innovation Center (5GIC), and its activities in multiple European advanced research initiatives. The UK research centre is InterDigital´s sixth global location, and the first facility outside of the US and Canada. The focus of the research centre will be 5G and other emerging technologies, where InterDigital´s work on advanced waveforms, millimeter wave
hotspots and device-to-device communications, among other areas, make it an early market leader. InterDigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. InterDigital, Inc. Delaware – Corporate Headquarters, 200 Bellevue Parkway, Suite 300, Wilmington, DE 19809 Tel: 302 281 3600 Fax: 302 281 3763 Website: www.interdigital.com Shutterstock opens first international office in London New York-based Shutterstock.a leading global provider of commercial digital imagery, announced the opening of its first international office in London. The team will lead business development and customer service efforts for the United Kingdom. Founded in 2003 in New York City, Shutterstock has thousands of artists, photographers and customers in the U.K., and aims to expand their presence with new local business operations. Shutterstock's London office is located in the historic district of Farringdon. Shuttlestock, Inc. 60 Broad Street, 30th Floor, New York, NY 10004 Tel: 646 710 3410 Website: www.shutterstock.com Shuttlestock London, + 44 020 7023 4958 KnowledgePoint360 opens office in Glasgow New Jersey-based healthcare agency KnowledgePoint360 has announced the official opening of its new office, in Glasgow. This move comes as part of a wider effort by the agency to become a leading player in the Scottish medical communications community, providing talented individuals with an opportunity to work with the firm without needing to relocate to England. The agency currently employs around 700 members of staff worldwide - with more than 350 associates based in the UK - and is expanding its team of medical writers and project managers. KnowledgePoint360, 125 Chubb Avenue, Lyndhurst NJ 07071. Tel: 201 271 6000 Website: www.knowledgepoint360.com KnowledgePoint360, 151 West George Street, Glasgow, Scotland G2 2JJ. Tel: +44 (0)141 228 6135 Velocent opens new office in the UK Velocent Systems Inc, an Illinois-based company that helps mobile operators address problems with network performance, is opening an office at the Bristol and Bath Science Park in the UK. Velocent has offices in Chicago and will be opening its Bristol branch as a result of its growing number of customers in the UK and Europe. Velocent is opening its office with eight people and hopes to employ around 20 by the end of the year. Velocent Systems, Inc.1250 East Diehl Road, Suite 400, Naperville, IL 60563. Tel: 630 799 3800 Email: info@velocent.com Website: www.velocent.com
UTi Worldwide opens new site in the UK California-based UTi Worldwide Inc, a supply chain services and solutions firm, has officially opened its new London operations located in close proximity to Heathrow International Airport, the 33,000 square foot building is a highly secure site with CCTV and security access controls, according to Colin Reynolds, UTi airfreight director for the UK. UTi Worldwide, c/o UTi, Services, Inc. 100 Oceangate, Suite 1500. Long Beach, CA 90802 Tel: 562 552 9400 Website: www.go2uti.com Uti Worldwide (Uk) Ltd., 364/365 Stockley Close, West Drayton, Heathrow UB7 9BL. Tel: +44 (1753) 681 212 Fax: +44 (1753) 861 318 Email: lhr@go2uti.com UK Investments into the US Wargaming.Net opens US office The UK-based strategy game development company, Wargaming.net, has opened a new US office in Austin, Texas. The new office will house its producing centre, central technology, and global business intelligence groups. The new location is intended to streamline communication between Wargaming's various studios. That's no small task, considering the company employs more than 2,000 people throughout North America, Europe, Asia, and Australia. Wargaming.Net, 60 Cannon St, London EC4N 6NP. Website: http://www.wargaming.net Sweett Group opens office in the US The UK-based Sweett Group, the international property and infrastructure consultancy, announces that VVA Sweett Inc., the Group's North American joint venture with VVA, has opened its first office on the West Coast of America in Los Angeles, California. VVA Sweett Inc. have offices in New York, Washington DC and more recently Boston. This marks another significant step in achieving Sweett Group's long-term growth strategy and expansion of its global platform in North America. Sweett Group, 60 Gray's Inn Road, London WC1X 8AQ. Tel: +44 20 7061 9000 Fax: +44 20 7430 0603 Website: www.sweettgroup.com; Dean Webster, Chief Executive Officer, +44 20 7061 9000, Derek Pitcher, Managing Director, Email: Derek.pitcher@sweettgroup.com, Tek: +44 20 7061 9000 VVA Sweett, Inc.6100 Center Drive, Suite 975, Los Angeles, CA 90045 Tel: 213 610 6800, Jess Gingold, Managing Director, West Coast, Direct Dial 213 610 6800 Email: jgingold@vvasweett.com 4. TRADE SHOWS UK October 2-3, 2013 - E Commerce Expo 2013 - Olympia, London Website: http://www.ecommerceexpo.co.uk/
With over 150 exhibiting companies and over 60 education sessions to choose from, E Commerce Expo is a must for anyone with an interest in e-.commerce. Contact: Richard Stanbridge, Senior Commercial Specialist/Head of Industries Team Tel: +44 (0)20 7894 0437 Email: Richard.Stanbridge@trade.gov October 9-13, 2013 - Energy Solutions Expo 2013 – Olympia, London Website: http://www.facilitiesshow.com/page.cfm/Link=170/t=m/trackLogID=2398_B51BA577F8 Energy Solutions Expo is the UK’s fastest growing energy event. Over 100 innovative exhibitors, 7,000 visitors, more than 35 hours of seminar content, networking and innovation galore mean that this is the event for anyone concerned with clean, efficient and sustainable energy consumption in the corporate world. Contact: Claudia Colombo, Commercial Specialist Tel: +44 (0)20 7894 0443 Email: Claudia.Colombo@trade.gov October 16-17, 2013 - IP Expo- Earls Court, London Website: http://www.ipexpo.co.uk/ "IP EXPO is a true end-to-end IT infrastructure event. Visitors can learn about IP, Virtualization, the Cloud, Wireless and Storage technologies - and see how they connect together." Contact: Richard Stanbridge, Senior Commercial Specialist/Head of Industries Team Tel: +44 (0)20 7894 0437 Email: Richard.Stanbridge@trade.gov October 17-19, 2013 - BDTA Dental Showcase – NEC, Birmingham Website: http://www.dentalshowcase.com/ BDTA is the UK's premier dental exhibition. Contact: Cheryl Withers, Commercial Assistant, Tel: +44 (0)20 7894 0419 Email: Cheryl.Withers@trade.gov For more information please visit: http://export.gov/unitedkingdom/events/uktradeevents/index.asp US October 5-9, 2013 - WEFTEC 2013 ( Water Environment Federation Technical Exhibition and Conference) - Chicago, IL Website: http://www.weftec.org/ “WEFTEC is the biggest meeting of its kind in North America and offers thousands of water quality professionals from around the world the best water quality education and training available today. Also recognized as the world’s largest annual water quality exhibition, WEFTEC’s massive show floor provides unparalleled access to the field’s most cutting-edge technologies and services.” Contact: Contact: Claudia Colombo, Commercial Specialist Tel: +44 (0)20 7894 0443
Email: Claudia.Colombo@trade.gov October 23-25, 2013-Industrial Fabrics Association International (IFAI) Expo 2013 and Specialty Graphic Imaging Association (SGIA) Expo - Orlando, FL Website: http://ifaiexpo.com/ "Come to IFAI Expo Americas to do business with exhibitors who have all the materials used to produce oil boom you're looking for. Also safety vests, storage structures, temporary shelter, shade/canopy for Vessels of Opportunity, geotechnical products for landfill and beach protection, stopping the oil flow, and more." Contact: Chrystal Denys, Commercial Assistant Tel: +44 (0)20 7894 0432 Email: Chrystal.Denys@trade.gov October 28-30, 2013 - GridWeek 2013, Washington, DC Website: http://www.gridweek.com/2013/ “With the industry’s top minds in attendance, GridWeek provides the forum to define strategic direction, while diving deeply into content that will inform business, policy and solutions down the road.” Contact: Claudia Colombo, Commercial Specialist Tel: +44 (0)20 7894 0443 Email: Claudia.Colombo@trade.gov For more information please visit: http://export.gov/unitedkingdom/events/ustradeevents/index.asp