MALAYSIAN COMPANIES’ SALES INCREASES BY 3.4 PER CENT AT INDOBUILDTECH 2016

THURSDAY, JUNE 15, 2016, KUALA LUMPUR: Twelve Malaysian companies that have participated in Indobuildtech Expo 2016 in Tangerang, Indonesia recently have recorded a 3.4 per cent increase in their potential export sales. The companies’ participation was spearheaded by Malaysia External Trade Development Corporation (MATRADE).

The Malaysian companies involved in the event bagged potential sales amounting to RM207.25 million compared with RM200.22 million generated last year. Among the top Malaysian products sought after by the buyers at the event were water proofing products, pile testing, solid surface, wood plastic composite and solar hot water heater. The event this year marked Malaysia’s 11th participation in Indobuildtech since 2006.

Other products featured at the Malaysia Pavilion ranged from architectural & decorative products, interior designs, cement products, lighting & accessories, roofing, electrical accessories, sanitary fittings, floor & wall tiles, tanks/pumps to fabricated items. Apart from exhibiting the products, MATRADE through its Jakarta office has also arranged business meetings for Malaysian companies with potential Indonesian buyers at the Malaysia Pavilion.

Indobuildtech Jakarta is Indonesia's largest and best known trade exhibition showcasing a full spectrum of products and services for the building and interiors market. Attracting more than 35,000 key buyers and manufacturers from all over the world, Malaysia’s representation in this exhibition is aimed at providing a platform for Malaysian players to strengthen their networks in Indonesia and to push for greater supply share of building materials in the Indonesian market.

In 2015, Malaysia’s export of building materials to Indonesia was valued at RM1.17 billion and contributed 3.6 per cent of Malaysia’s total export of building materials to the world. Indonesia was Malaysia’s third largest export destination for building materials in ASEAN after Singapore and Thailand.