JEC Innovation Awards Program is recognized as a leading tool in promoting innovation worldwide. They are organized at JEC Europe in Paris, JEC Asia in Singapore, JEC Americas in Boston, in China and in India.
Created in 1998, the JEC Innovation Awards Program has involved 1,600 companies and rewarded 177 companies and 433 partners for the excellence of their composite innovations. The objective is to spot, promote and reward the most effective solutions that create more value for end-users.
The received applications reflected the general concern and needs of the Asia-Pacific region in line with current trends such as composites research based on local renewable resources, new energies and recycling issues. The competing companies presented many collaborations within the Asian region (China, Japan, Korea, Australia, India, etc) but also Europe and America.
JEC President & CEO, Mrs. Frédérique Mutel explains:
“The JEC Asia Innovation Awards 2012 testify the Asian leading edge technologies developed locally in three main fields of research:
Asia Pacific countries have established significant R&D capacity in composites”, she points out.
“What is most interesting is the links between corporate composites R&D centers and universities or laboratories. Considering the 2012 Awards, we could say that for mature Asian Pacific countries such as Australia, Japan and Korea, these cooperations benefit to the transportation and construction sectors.
For fast growing countries like China, India, Malaysia or Thailand, their composite industry soars through the development of local industries. Their research clusters are being formed in the materials sector for resins and fibers and notably natural local fibers (kenaf, bamboo, vetyver, etc.). In these countries, another direction is high tech applications. For instance, we can point out that in Malaysia and Singapore, they mainly focus on composite processing for aerospace and construction.
Large emerging markets like India, because of the size of the country have an established but heterogeneous and disseminate composites industry value chain. They focus on local applications such as transportation specially railway and marine and energy (windmill).
Consequently by 2015, considering these significant investments in that region, Asian countries should keep on increasing their market share reaching more than 50% of the worldwide market”, she concludes.
The 2012 JEC Awards ceremony will take place on Tuesday, June 26 at 4:00pm on JEC Asia and will be open to all visitors.
The 2012 Innovation Awards competition is actively supported by UMECO and JEC Magazine.