News
London-based, UBM plc has reported its interim results for the six months ended 30th June 30. Revenues were up 7.3 percent from £474 million last year to £508.7 million in the first half this year. Adjusted group operating profit rose 12.5 percent from £91.9 million to £103.4 million.
Online and print revenue combined dropped 16 percent from £101.5 million to £85.6 million. Overall revenues from business in emerging markets jumped 21 percent to £93.1 million, equivalent to 18 percent of total. On the company’s events business, operating profit… more
The New South Wales State Government has recently released an initial concept plan to build a US$968 million convention and entertainment centre at Darling Harbour. First announced in December last year, the venue will be named the Sydney International Convention and Entertainment Centre. According to media reports, the venue includes seating for up to 12,000 people, and a “multi-function exhibit hall” of up to 12,000 m2. The reported building cost of the venue in the announced plan is around US$601 million. Reported events to be held at the centre will range from banquets and… more
After announcing a partnership agreement last month, Reed Exhibitions and Manch Communications announced a further extension to their partnership in India – a new trade show, the India Composites Show, will be launched later this year.
The India Composites Show will be held from 1st to 3rd November 2012 at the Pragati Maidan venue in New Delhi and it is expected to attract more than 100 exhibitors at its inaugural edition. The composites market serves many high growth industries including medical, aerospace, defence, automotive, electrical, renewable energy and mass transportation… more
Exhibition organiser, Diversified Exhibitions Australia, will launch a new event for the liquefied natural gas (LNG) industry in the western Australian city of Perth. Entitled the Australian Gas Technology Conference and Exhibition (AGT), Diversified is expecting the attendance of around 150 exhibitors and 5,000 visitors at the inaugural event. AGT will take place at the Perth Convention and Exhibition Centre, and will run from July 25-27.
Supported by the West Australian Government, major categories and themes covered at AGT will include gas processing and the construction and operation… more
A total of US$326 million will be spent on upgrades to the Suntec Singapore International Convention and Exhibition Centre (Suntec Singapore) and Suntec City Mall. Funded by ARA Trust Management, the managers of Suntec Real Estate Investment Trust, a US$142 million of the total sum will be allocated to Suntec Singapore. Upgrades planned for the 16-year-old venue will begin in June 2012, and include a two-storey interactive digital wall, a modernised façade and “a slight increase in meetings spaces.”
More than 18,000 events have been hosted at Suntec Singapore since its… more
The inaugural China Xiamen International Kitchen & Bathroom Fair will be held at the Xiamen International Conference & Exhibition Centre Nov. 5-8. The event is organised by Xiamen Jinhongxin Exhibition Co., Ltd, a local exhibitions organiser in Xiamen, and will occupy 35,000 square meters of exhibition space with 1,500 booths and more than 60,000 visitors. The event will also be collocated with the China Xiamen International Win-Door & Wood Fair.
Product categories to be exhibited at the fair will include kitchen & bathroom electronic appliances and hardware fittings,… more
Event organiser UBM Live, a subsidiary of UBM, unveiled the new CPhI South East Asia to take place in Jakarta next year. The debut exhibition is the latest geo-clone of UBM’s pharmaceutical exhibitions CPhI, which also includes CPhI India, Japan, China, South America and Worldwide.
CPhI South East Asia will be hosted at the Jakarta International Expo and run from May 10-12. UBM reports that Indonesia’s pharmaceutical market grew 10 percent last year and was valued at approximately US$3.9 billion. Exhibitor categories at the inaugural show will range from APIs, natural extracts… more
The Hong Kong Trade Development Council opened its fourth Hong Kong International Wine & Spirits Fair earlier this month at the Hong Kong Convention and Exhibition Centre. According to the HKTDC, a record 934 exhibitors from 37 different countries and regions attended the show to make it Asia’s biggest wine show by number of exhibitors. The HKTDC reported exhibitor numbers up 37 percent from the previous edition, which saw first time exhibitor participation from Georgia, Israel, Latvia, Malta, the Slovak Republic and Sweden. The three-day trade show Nov. 3-5.
The wine fair this… more
The 11th edition of the Shanghai International Children-Baby-Maternity Industry Expo (CBME), organised by UBM China (Hangzhou), closed with record results at the Shanghai New International Expo Centre (SNIEC). The three-day exhibition covered some 80,500 square meters of exhibition space according to its organiser, while a record-breaking trade visitor crowd of 88,062 from 78 countries and regions were present. The show was held July 20-22.
UBM reported a total of 3,700 booths were sold to accommodate 1,043 exhibitors, which consisted of 1,564 brands. Around 470 brands were from… more
UBMsubsidiary, UBM India, announced more than 300 exhibitors and between 8,000 and 10,000 visitors will be present at its inaugural Mumbai Jewellery & Gem Fairthis year. The three-day event will be held in December at the Bombay Exhibition Centre(BEC).
The Mumbai Jewellery & Gem Fair will be the third jewellery related trade show for UBM’s portfolio in India following the Gem & Jewellery India International Exhibition(GJIIE) in Chennai and the Hyderabad Jewellery, Pearl & Gem Fair(HJF). The first edition of the jewellery fair will feature international pavilions from… more
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.