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Newsletter:
MIDA Report
2009
Currently, there are more than 670 licensed companies in operation with
investment of RM8.6 billion. In addition, there are more than 1,000
small scale textile companies in operation which are exempted from
Manufacturing Licence. The industry employs more than 68,200 persons.
Malaysia was a net exporter of textile and textile products in 2009
(January – November) with exports totaling RM8.1 billion while imports
amounted to RM4.0 billion. The main products exported were apparels and
clothing accessories. Malaysian apparel manufacturers continue to
maintain excellent reputation for quality and capability in the
production of up-market brands such as Nike, Adidas, DKNY, Ann Taylor,
Armani, Talbots and Tommy Hilfiger. The main products imported were yarn
and woven fabric.
Project Approved in 2009
In 2009, nine new projects were approved with total investment of
RM333.6 million. Foreign investment totaled RM225.2 million (67.5%)
while domestic investment amounted to RM108.4 million (32.5%).
Of the approved projects, four were for the production of made-up
garments and one each for fibre and yarn; fabrics; textile products;
textile accessories; and recycling textiles. The projects approved are
expected to generate 1,345 employment opportunities
Investment in Projects Approved in the Textiles and Textile Products
Industry by Sub-sector, 2009
Significant projects approved included:
·
A new majority foreign-owned project with investment of
RM287.8 million for the manufacture of specialty polyester filament
yarn. This is the first project of its kind to produce high content
micro filament yarn with technical and functional features such as
flame-retardant, breathable and anti-bacteria. The project proposed to
export its entire production;
·
A new majority foreign-owned project to produce woven
fabrics with investment of RM9.5 million and catering mainly for exports
to China, Korea and USA; and
·
A new majority foreign-owned project with investment of
RM3.2 million for the manufacture of made-up garments. The project
proposed to utilize domestic latex sheets and fabric backed latex to
produce sportswear, swimwear, skiwear or winter outerwear, mainly for
the export market.
Future prospects in Malaysia in the textile industry lie in the
promotion of high performance textiles, made-up garments and textile
products with functional and technical features both in the upstream and
downstream sub-sectors. The application of functional and technical
textiles are in sectors such as aerospace, automotive, industrial,
construction, anti-ballistic protection (police, army), marine, high
performance apparels (fire-fighters, racing), medical, sportswear and
filtration. |