MTA2009, which was scheduled to be held March 25 through March 28 at the Singapore Expo has been cancelled.
Organizers of the trade show said the prevailing economic climate “had a significant effect on the precision engineering and machine tools industry,” that led to poor response from exhibitors, including the non-participation of several market leaders which have been strong supporters of the show in the past.
“This industry forms the bedrock of all manufacturing activities, and lacklustre demand in vertical sectors such as aerospace, automotive and electronics has dampened the outlook of players in the market,” the organizers said in a prepared statement.
“The cautious sentiments of most segments of the industry, along with the absence of perennial exhibitors, greatly diminish MTA’s effectiveness as a regional business networking event. In view of the circumstances, the decision to cancel MTA2009 was made promptly to allow exhibitors, visitors and partners sufficient time to react and make the necessary arrangements,” the statement said.
No date has been set for the return of MTA.