Trading Of Industrial Machinery Companies in Malaysia

The Malaysian government has been promoting the country as a regional hub for the trading of industrial machinery and equipment. This has been done through various initiatives such as the setting up of the Malaysia International Trade and Exhibition Centre (MITEC) and the Malaysia External Trade Development Corporation (MATRADE).

The government's efforts have been successful in attracting a number of international companies to set up operations in Malaysia. Some of the leading companies in the industrial machinery and equipment sector that have a presence in Malaysia include ABB, Siemens, Hitachi, Mitsubishi, and Toshiba.

These companies have been drawn to Malaysia due to the country's strategic location, well-developed infrastructure, and skilled workforce. In addition, the Malaysian government has been offering a number of incentives to attract foreign investment, such as tax breaks and duty-free import of machinery and equipment.

The presence of leading industrial machinery and equipment companies in Malaysia has helped to boost the country's exports of these products. In 2017, Malaysia's exports of industrial machinery and equipment totaled RM44.3 billion (US$10.8 billion), up from RM40.4 billion (US$9.6 billion) in 2016. The majority of Malaysia's exports of these products go to neighboring