Export And Import Of Rubber Tyres For Vehicles Companies in Malaysia

Malaysia is one of the world's leading exporters of rubber tyres for vehicles, with companies such as Michelin, Bridgestone and Continental having a strong presence in the country. The Malaysian government has been supportive of the industry, and has put in place a number of initiatives to help grow the sector.

The Malaysian tyre industry is highly competitive, and companies are constantly looking for ways to improve their products and services. One area that has seen significant investment in recent years is research and development (R&D). Michelin, for example, has a dedicated R&D facility in Malaysia that is focused on developing new tyre technologies.

The government has also introduced a number of tax incentives to encourage companies to invest in the country. These include a five-year tax holiday for new investments, and a double deduction for R&D expenditure.

The tyre industry in Malaysia is expected to continue to grow in the coming years, as the country looks to capitalise on its strong manufacturing base and favourable location.