MATRADE Continues to Boost Malaysia’s Aerospace Players into the Global Supply Chain in 2024
TUESDAY, 19 DECEMBER 2023, KUALA LUMPUR: Malaysia's trade promotion agency, Malaysia External Trade Development Corporation (MATRADE), will continue to boost Malaysian aerospace players into the global supply chain. This is consistent with the New Industrial Masterplan's (NIMP) goal of increasing economic complexity while increasing aerospace revenues, as envisioned in the Malaysian Aerospace Industry Blueprint (MAIB).
Malaysia’s aerospace exports continued its upward trend during the first eleven months of 2023 with a double digit increase or 10.1 per cent to reach RM5.59 billion compared for same period in 2022.
MATRADE intends to increase aerospace product and service exports to Europe in 2024, as this region is Malaysia's most important export destination for aerospace products and services. Between January to November 2023, aerospace exports to the European region totalled RM1.23 billion with the top five destinations being the United Kingdom, Ireland, Italy, France, and Germany. 50.1% of Malaysia's aerospace exports to Europe were aircraft or helicopter parts.
Earlier in 14 December 2023, MATRADE Paris organised a business networking event, which was attended by key aerospace industry players in France, including the Ministry of the Economy, Finance and Industrial and Digital Sovereignty of France; French Aerospace Industries Association; AStech Paris Region; Chamber of Commerce Paris; Malaysia-France Chamber of Commerce; EVOLEN; and companies such as Safran, SNECI and Daussan.
During the session, Trade Commissioner of MATRADE Frankfurt, Zuhaila Sedek delivered an overview of the Malaysian aerospace industry and shared examples of collaborative works with Malaysia, namely, in sustainable sourcing, contract manufacturing, R&D in advanced sustainable materials and ESG-based capacity-building programmes.
According to Zuhaila, "During the recent Paris Airshow 2023 held in June, our Malaysia Pavilion became a top attraction among ASEAN countries with potential business opportunities of aerospace products and services as well as Malaysian hub establishments." "The growing interest in Malaysia reflects the good relationship Malaysia has as a regional aerospace hub, thanks to our credible aerospace and aviation companies as well as the Malaysian government's progressive policies," she added.
The Malaysian aerospace industry has witnessed remarkable growth, driven by a strategic combination of public and private sector collaborations. Malaysia has emerged as a hub for aerospace manufacturing, maintenance, repair, and overhaul (MRO) services as well as training. The government has implemented robust policies to attract foreign direct investment, foster innovation, and build a skilled workforce.
MATRADE is currently in talks with multiple French counterparts to forge partnerships in joint capacity-building programmes, participation in key French aerospace trade events as well as customised B2B engagements.
To strengthen our existence in the European market, in 2024, MATRADE in collaboration with National Aerospace Industry Corporation (NAICO) will be coordinating the participation of Malaysian aerospace companies under the Malaysia Pavilion at Farnborough International Airshow (FIA) 2024, which will be held in the United Kingdom from 22 – 26 July 2024. The biennial international trade show is an iconic event that brings together aerospace giants such as Airbus, Boeing, Embraer, Bombardier, BAE Systems, GKN, Rolls Royce and Safran.
FIA 2024 will provide an opportunity to showcase the capabilities of Malaysian aerospace companies while boosting potential business through meetings with primes as well as Tier-1 and Tier-2 companies in the global aerospace supply chain.
During our participation in FIA 2024, MATRADE will raise awareness among international players about the development of aerospace parks by creating dedicated spaces for research, testing, and manufacturing. MATRADE will emphasise that this infrastructure development not only strengthens our capabilities but also provides an appealing ecosystem for international aerospace companies looking for collaborative opportunities.
The pivotal roles of MATRADE and NAICO in developing the Malaysian aerospace industry and act as conduits for global partners to explore partnerships with Malaysia through industrial collaborations, trade and investment.
Malaysian companies interested to join FIA 2024 can contact MATRADE by emailing Alamat emel ini dilindungi dari Spambot. Anda perlu hidupkan JavaScript untuk melihatnya. or call 03-6207 7077. For more details on exports to France, please email Alamat emel ini dilindungi dari Spambot. Anda perlu hidupkan JavaScript untuk melihatnya..
