Malaysian machinery and parts manufacturing sector remains strong | Money

KUALA LUMPUR, December 31 – Malaysia’s machinery and parts manufacturing sector remains strong and committed to providing quality products and excellent service despite disruptions in global trade, according to the Malaysia External Trade Development Corporation (Matrade).

In a statement released today, the national trade promotion agency said the machinery industry has shifted from general manufacturing and machining work to the assembly of high-end machine modules and components, including the manufacture of heavy machinery and precision components.

Matrade said the machinery and equipment (M&E) industry is Malaysia’s seventh largest export sector, contributing US $ 9.41 billion (US $ 1 = RM 4.17), or 4% of exports. total in 2020.

The top 10 export destinations for the M&E sector are Singapore, the United States, China, Indonesia, Vietnam, Thailand, Japan, Australia, Germany and Taiwan.

“Malaysia’s M&E capabilities lie primarily in four sub-sectors, including specialized machinery or processing equipment for specific industries; machines and equipment for generating electricity; general industrial machinery and equipment, components and parts; as well as machines for metalworking.

“It also covers the manufacture of a wide category of products, including heating and cooling equipment, factory automation, pumps, compressors, air conditioning systems, cold room equipment, elevators, cranes, conveyor systems and welding machines. Malaysia is currently one of the world’s largest exporters of air conditioning equipment, ”the agency said.

Matrade said other capabilities included manufacturing machine tools and parts for metalworking, including laser cutting machines, machining centers, electric discharge machines (EDMs), milling machines and milling machines. forging machines.

Malaysia is also famous for the production of semiconductor equipment. It is currently the tenth largest in the world, with electricity and electronics (O&E) being the largest sector. This has helped position Malaysia as a production base for the world’s largest electronics companies, he said.

The machinery and parts industry also excels in deep water production equipment for the oil and gas industry, the production of robotic automation solutions for the food industry, precision casting equipment and the production of electricity.

Malaysia also produces generator sets for power plants, refineries, exploration platforms, petrochemical plants and commercial buildings.

“The M&E industry in Malaysia is highly competitive and we are constantly seeking to innovate with the most advanced technologies and automation. We are actively exploring Industry 4.0 technologies to reshape our manufacturing operations through the adoption of digitalization and technological transformation.

“The opportunities created by this revolution have prompted many Malaysian small and medium-sized enterprises to come up with their own innovative solutions that are marketed globally,” he said.

Malaysia is therefore a destination of choice for multinational corporations (MNCs) who wish to outsource their manufacturing processes and automation solutions to Asean, due to the availability of a highly skilled workforce in the areas. supporting industries, research and development and engineering design activities.

“Malaysia offers competitive supplies and services in the areas of M&E engineering, product design and technology development as well as business operations to these multinationals,” said Matrade. – Bernama

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