BUSINESS

EXPORT VALUE OF LOCAL FURNITURE ON UPTREND - WEE JECK SENG

19/07/2022 02:47 PM

SEMENYIH, July 19 -- The local furniture sector’s export value is on an uptrend following the rising foreign demand as well as transition of the country’s timber industry towards digitalisation via the Fourth Industrial Revolution (IR4.0).

Deputy Plantation Industries and Commodities Minister Datuk Seri Dr Wee Jeck Seng said the government has set a target of more than RM12 billion contribution by the furniture sector to the total timber industry export value this year, especially based on efforts made by the industry players.

“The export value rises year after year. We must think of a better model that will benefit the furniture sector,” he told reporters after making a working visit to Isella Sofa Design Sdn Bhd here today.

Wee also stressed the importance for companies in the timber industry to increase revenue through exports abroad as they have a high level of operating standards under IR4.0.

He also urged more local companies to participate in the Factory Transformation Programme (FTP) organised by the Malaysian Timber Council (MTC).

“We started with 14 companies in 2021. In 2022, a total of 22 companies participated in the programme.

"We hope to see an increase every year and we call on MTC, the Malaysian Timber Industry Board (MTIB) and SIRIM STS Sdn Bhd to play their part (to attract more participation)," he added.

Meanwhile, the Ministry of Plantation Industries and Commodities (MPIC) through MTIB as the main pioneer together with MTC will continue to give emphasis to automation, mechanisation and digitalisation programmes in the National Timber Industry.

Strategic collaboration between various agencies and stakeholders is important to strengthen the timber industry through the implementation of FTP and the adaptation of the use of technology and innovation so that the industry remains competitive, said MPIC in a separate statement.

-- BERNAMA


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