The 29th MALAYSIA INTERNATIONAL PLASTIC, MOULD & TOOLS EXHIBITION (M’SIA-PLAS 2018) is proudly presented by ES Event Management Sdn Bhd to industry players for the 29th time. Being endorsed by Malaysia External Trade Development Corporation (MATRADE), the event is expected to attract more than 10,000 local and international trade visitors and industry players. M’SIA-PLAS 2018 has been growing its outstanding reputation since 1998 as Malaysia’s leading event for the plastic mould & die industries. With the support from industry players, M’SIA-PLAS 2018 will continue to grow bigger and better every time.
The plastics and plastic products industry is a dynamic and vibrant growth sector within the Malaysian manufacturing sector. Over the years, the plastics industry has been supporting the growth of related sectors as well as contributing to the emergence of new markets throughout the value chain. Between 2013 and 2016, the plastics industry saw a total approved investments of RM2.91 billion in 163 projects. These investments have created 12,500 job opportunities. With more than 1,500 companies in operation today, Malaysia is among the ASEAN region’s top exporter of plastics. In 2016, export of plastic products saw an increase of 1.24% to RM13.06 billion from RM13 billion in 2015. The growth momentum continued at RM3.5 billion in the first quarter of 2017. The primary export destinations include Europe, China, Singapore, Japan and Thailand.
Malaysia’s moulds and dies sector has developed rapidly over the last three decades in tandem with the overall growth of the country’s manufacturing sector. Between 2013 and 2015, a total of 54 mould and die projects with investments of RM656.6 million were approved by MIDA. The sector is moving towards advanced manufacturing technologies to meet demands for large moulds (more than 10 tonnes) in the automotive industry and demands for very precise moulds (less than 5 microns tolerance) for the electrical & electronics (E&E) and telecommunication industries.
To stay ahead, Malaysian manufacturers need to enhance their operational efficiency, adopt new technologies and explore new market. M’SIA-PLAS 2018 provides a good platform for both industry players in order to sustain growth in the future.