In The First Half Of The Year, Malaysia's Textile Industry Exported Nearly 7 Billion Ringji, An Increase Of 10% Over The Same Period.

Vice Minister of international trade and industry, Nadu Abdul Ma Lan, said the first six months of this year.

Exports close to 7 billion ringgit, an increase of 10% over the same period of 6 billion 330 million last year.

He said that all countries in the world are currently offering high-quality textiles to Malaysia.

As demand increases, the purchasing power of major importing countries such as the United States, Canada and the European Union has also increased, and the potential and prospects of textile exports have been well received.

"We expect that the textile industry's demand will increase to $160 billion in 2018 (about 640 billion ringji), which means that global textile demand will reach 30 million tons."

This is what he pointed out after visiting the Chinese textile enterprise of the Sino British Industrial Zone in the industrial area.

The attendees included Roshumba Lia, director of the office of the State Department of the Ministry of international trade and industry, Zahari, vice president of Johore's organization, Zhu Chuanyu, executive director of Dai Yin textile, general manager Zhuang Yongliang, and production manager Zhang Rongfa.

In the view of China's imports,

In the face of restrictions, labor and electricity costs are also more expensive than Malaysia. Therefore, Malaysia has been favored by Chinese textile enterprises and invested in factories, so that once the p Pacific Partnership Agreement (TPPA) is implemented in 2018, it can make good use of its TPPA member status and export products to the United States, Canada and EU countries.

He said that Johore was the largest textile base in China, and became the first Dai Yin textile (horse) company to open a factory in Johore's Stone Industrial Park. It was awarded the establishment license of the Ministry of international trade and industry and was granted a 70% year tax exemption for 5 years.

He said that two years ago, the company bought a 55 Mu factory site in the corporal Nanna Industrial Zone, and built a spinning base in two phases. The first phase of the project was to introduce the world's most advanced textile equipment and employ 483 employees.

More enterprises are coming to Malaysia to set up factories -- Zhu Chuanyu, executive director of Da Ma Dai silver textile company

Zhu Chuanyu, executive director of Malaysia Dai Yin textile, said that with the company's investment in Malaysia to set up factories, it is expected that more Chinese enterprises will be interested in capital production.

Two months after he came to reporters, he said, "at the moment, there are colleagues who want to come over. They are looking at how we are doing. It is a driving force."

Dai Yin is a large comprehensive enterprise integrating spinning, weaving, clothing, import and export trade and pnational production and operation, with more than 10000 employees.

Dai Yin is also ranked the top 20 in China's textile industry competitiveness, and the Malaysia plant is the second overseas factory of Dai Yin.

Zhuang Yongliang, general manager of Malaysia Dai Yin textile, revealed that the company plans to invest 800 million ringji in Malaysia through three phases of development plan, and at the same time, it will gain 1 billion export sales in the 2019 fiscal year.

He said that the first phase of the planned investment is 300 million ringji, the company will continue to inject the same amount of investment to launch the second phase plan, it is expected to start this year, and will provide another 400 jobs.

He said that the second phase of the construction project has already started the tendering work, and the company is also preparing to invest 200 million ringji to launch a third phase plan to build a textile factory near the new state bond gold belt. The location is 10 kilometers from the factory's site. It mainly produces yarn and jeans, and expects 500 to 700 employees.

At present, the company mainly imports cotton from the United States and produces 1500 tons to 1600 tons of pure cotton yarn per month. It is estimated that the second phase production will increase by 20% over the existing production.