Malaysian Companies Tap on Mexican and Canadian Aerospace Market (19 November 2015)
MALAYSIAN COMPANIES TAP ON MEXICAN AND CANADIAN AEROSPACE MARKET
THURSDAY, NOVEMBER 19, 2015, KUALA LUMPUR: Malaysia External Trade Development Corporation (MATRADE) has identified Canada and Mexico as potential export markets for the Malaysian aerospace companies. Tapping on this opportunity, MATRADE has organised a Specialised Marketing Mission (SMM) recently to match Malaysian aerospace players with the buyers from both Mexico and Canada.
The participating Malaysian companies came from various aerospace-related industries namely manufacturing of high precision & critical components, plastic injection of mould products, metal base components & large dies, airport infrastructure management, human capital development, aerospace legal entity and state investment arm, among others. During the SMM, MATRADE had pre-arranged over 100 business meetings for the Malaysian suppliers with potential Canadian and Mexican buyers. A total of eight Malaysian companies participated in the mission.
As a result of the business meetings, the Malaysian aerospace companies had collectively generated over RM605 million of future sales.
Dato’ Dzulkifli Mahmud, MATRADE’s chief executive officer said, “We are delighted with the outcome of the mission. The close co-operation and the sharing of resources between MATRADE and the Malaysian companies have proved fruitful. The mission resulted in some promising short-term and long-term impact that could benefit Malaysian aerospace industry.â€
“MATRADE will continue to support and assist the Malaysian companies in the aerospace industry. These local players should leverage on the network MATRADE has established over the years and learn from the other countries via our SMM, so they could contribute to developing a more structured aerospace industry for the country. This is vital for us to establish Malaysia as a regional aerospace hub,†he added.
In 2014, Malaysia exported RM43 million and RM32 million worth of aerospace products & services to Mexico and Canada, respectively. For the period of January to August 2015, exports of aerospace-related products & services were valued at RM24 million to Mexico and RM44 million to Canada. The main products exported included aircraft parts and components.
