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21. November 2005

MALAYSIA: Malaysia Confident Of Achieving Higher Export Value For Rubber Products

Source: Bernama News Agency, Kuala Lumpur; 21 Nov 2005

The government is confident of achieving an increase in export value of its rubber products this year as the rubber price is on the rise, said Plantation Industries and Commodities minister, Datuk Peter Chin Fah Kui. He said currently the government was on track as for the January to June 2005 total export value of rubber products was about RM4 billion. Malaysia recorded export revenue of RM8 billion last year, Chin told reporters after officiating the "Made In Malaysia-World Class Rubber Products" seminar at Kuala Lumpur on 21 Nov. The minister also urged Malaysian construction companies to work hand-in-hand with rubber products manufacturers to increase the use of local rubber product for their projects.

Chin said the import values of rubber products had risen 100 percent from RM1.1 billion in 2001 to RM2.2 billion in 2004. "The increased dependency on imported products must be addressed urgently and one way, would be to increase the usage of rubber products manufactured locally." "It is perplexing that while the technical specifications of our rubber products have been accepted by oversea markets and are competitively priced, they are not used as much in Malaysia," he said.

He said the industry continued to evolve and there were many rubber product manufacturers with the capability to produce a range of rubber based components such as bridge bearings, vibration isolators, seismic bearings and dock fenders for the domestic as well as world market.
"The quality of our locally made rubber products has been proven to be as good, if not better, than those made from overseas, Our prices are competitive too," he added.
He hope that the seminar would bring together the policy-makers and end-users to understand the capability of rubber products manufacturers and to exploit the technical expertise of local manufacturers,

Chin advised local manufacturers, to ensure their rubber products met the required specifications and standards. He added that product quality, besides price, would ensure their survival in both the domestic and global market.

(Syed Rashid Ali, Karachi, Pakistan)

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