BUSINESS

MALAYSIAN MANUFACTURERS SET TO GENERATE RM118 MLN THROUGH MATRADE'S MATCHING PROGRAMME

28/11/2019 11:36 AM

KUALA LUMPUR, Nov 28 -- Malaysian wood-based product manufacturers will potentially generate over RM118 million of export value for their companies through Malaysia External Trade Development Corporation (MATRADE)’s signature business matching programme.

In a statement today, MATRADE said it had recently matched 93 Malaysian manufacturers with 64 buyers from 14 countries via the programme called International Sourcing Programme (INSP).

"The INSP, which was held at the Malaysian Wood Expo (MWE) 2019 on Nov 20, saw MATRADE coordinating 472 business meetings that led to Malaysian companies generating over RM118 million of export value for their business," it said.

Buyers who attended the INSP were from China, South Korea, India, Mauritius, Sri Lanka, Maldives, Bangladesh, Pakistan, United Arab Emirates, South Africa, United States, Mexico, France and Poland. 

The products sourced by the foreign buyers included wooden doors, sawn timber, plywood, veneer, wooden floorings and furniture products.

MATRADE's construction and business services section director Rusiah Mohamed said the INSP provided a cost-effective platform for Malaysian companies to meet global buyers at the comfort of their home country. 

"Apart from meeting with potential buyers from around the world, the initiative helps Malaysian companies gather various insights on the global buyers’ requirements and this is essential for them to be more competitive globally," she said.

-- BERNAMA

 


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