Malaysian timber enterprises turn to more value-added products

Malaysian timber enterprises turn to more value-added products

Release date: October 18, 2021 source: Network

According to an article in the star, Matthew law, Secretary General of the Malaysian furniture Council, said that the country’s timber enterprises should seek diversification of products and services to explore new growth opportunities. In the first half of 2021, the export value of timber was RM12 billion, of which the export proportion of furniture was the largest, rm5.54 billion.

Matthew law pointed out that trade between the United States and China continues to be tense, and the epidemic has led to the interruption of the supply chain. Countries are increasingly taking measures to diversify their supply chains to ensure business continuity.

“Our industry participants must go beyond mass production and focus on high value-added products. The industry must also be prepared to raise production capacity to the next level and welcome the arrival of the fourth industrial revolution to ensure the future of enterprises, rather than relying entirely on foreign workers. This is about digitization and automation, and be ready to develop new opportunities wherever possible, regardless of whether or not Engineering, software or machinery. ”

Lao said that Malaysia’s wood industry is ready to meet the requirements of sustainable development. He pointed out that customers in countries such as Japan and Singapore are increasingly inclined to choose environmentally friendly products, which is similar to the markets in the United States, the United Kingdom and Europe.

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