The focus sectors to be highlighted include aeromanufacturing, MRO, education and training services, aviation and defence
By TMR / Pic By BLOOMBERG
MALAYSIA External Trade Development Corp (Matrade) will be leading a mission to Singapore Airshow, which will be held from Feb 11 until Feb 16, 2020, as its first effort this year to promote Malaysian aerospace sector, as well as create opportunities for the country’s homegrown companies to be part of the aerospace global supply chain.
The initiative will involve 62 Malaysian participants from 15 organisations, said Matrade in a statement. The focus sectors to be highlighted at the event include aero-manufacturing, maintenance, repair and overhaul (MRO), education and training services, aviation and defence subsectors.
Meanwhile, among the participating companies are Sapura Aerospace Technologies Sdn Bhd, Asia Aerotechnic Sdn Bhd and Global Turbine Asia Sdn Bhd.
Supported by the National Aerospace Industry Coordinating Office, SME Corp Malaysia, Invest Selangor Bhd, Malaysia Airports Holdings Bhd and Malaysia Aerospace Industry Association, this initiative will further strengthen Malaysia’s position as a key player in the aerospace industry within the region.
Through the event, Matrade plans to showcase Malaysia’s aerospace strengths to the global participants attending the trade event.
According to Matrade CEO Datuk Wan Latiff Wan Musa, Malaysia’s participation in the event is key to promote the country as an aerospace hub for the South-East Asian region and to attract the global participants to Matrade-own aerospace event, Kuala Lumpur International Aerospace Business Convention (KLIABC) 2020, which is scheduled for June 23 until June 25 this year.
The fourth edition of KLIABC, which will be organised by BCI Aerospace, is a business convention that has the edge over other aerospace and MRO events in South-East Asia.
“We will be launching KLIABC 2020 at the event and despite the current coronavirus outbreak, Matrade will be taking all necessary precautionary measures, with the support of the organiser, to ensure the wellbeing of our delegates,” Wan Latiff explained.
“The mission to Singapore Airshow will not only market Malaysian companies, but provide the country’s local players the opportunities to be exposed to new technologies and explore partnerships with original equipment manufacturers, and the Tier 1 and Tier 2 suppliers from around the globe.
“This is part of Matrade’s efforts to enhance exports of high value products and services,” Wan Latiff said.
Malaysia’s export of aircraft parts and components have tripled from RM2.88 billion in 2014 to a record high of RM8.82 billion in 2019. The growth was mainly driven by the expansion of aerospace manufacturing activities. Last year, Malaysia’s export growth was at 3.9%. The top export markets for Malaysia are the US, the UK, France, Singapore and China.
