RM219m of export value generated at Aeromart Nagoya

by HARIZAH KAMEL/ pic by RAZAK GHAZALI

MALAYSIAN aerospace companies generated over RM219 million in export value at Aeromart Nagoya in Japan, which took place from Sept 24 to 26, 2019.

This was the result of the 86 business matchings organised by Malaysia External Trade Development Corp (Matrade) through its Japan trade office.

Matrade CEO Datuk Wan Latiff Wan Musa (picture) said Japan is an important aerospace hub in the region and the market is prone to creating new supply chain opportunities and partnerships.

“Nagoya is the capital city of Aichi Prefecture, Japan’s largest aerospace industrial cluster, and the production value of Japanese aerospace industries is RM83.6 billion with 83% coming from the aircraft sector.

“This offers a huge prospect for Malaysian companies as they can offer high-quality products or services that are competitively priced,” he said in a statement.

Japanese companies and big global names including Mitsubishi Heavy Industries Ltd, Kawasaki Heavy Industries Ltd, Toyota Tsusho Corp and Airbus SE showed interest in Malaysian companies at Aeromart Nagoya.

Matrade Tokyo office Trade Commissioner Niqman Rafaee Mohd Sahar said there is a growing interest among Japanese companies to collaborate and establish partnerships with Malaysian companies to meet the global demand.

“Matrade plays a major role in connecting local companies with the Japanese and other global clients,” he said.

The potential of export sales is namely aircraft parts and assembling, wing parts and components, as well as services such as airline education and training, aviation support and solution.

Malaysian companies also reported negotiations in projects with Japanese companies valued at RM376.9 million in industries like machining of engine parts, die-casting and forging, wing and other aircraft parts.

Niqman Rafaee said initiatives to promote Malaysia’s aerospace companies must be tailored according to the Japanese buyers’ needs. “As a government agency, we can assist Malaysian companies to remove the barrier for them to approach target buyers in Japan,” he said.

Matrade also arranged additional roundtable meetings and discussion with aerospace clusters in Japan to engage and discuss new partnerships and opportunities.

The Kawasaki Gifu Cooperative Society, which consists of 22 main suppliers and manufacturers of aircraft parts and components, hosted a networking session for the Malaysian delegation to establish collaboration and business linkages.

Malaysia’s participation at Aeromart Nagoya was supported by Malaysia Aerospace Industry Association, an association incepted through Matrade’s assistance in 2015.