KUALA LUMPUR, Oct 15 (Bernama) — Made in Malaysia furniture ranks among the top 10 largest exporters of furniture in the world with some 80% of its production being delivered abroad. This achievement would not have been possible without the industry keeping abreast of technical advances and global changes in consumer tastes and shifting from being Original Equipment Manufacturers (OEM) to Original Design Manufacturing (ODM) or Original Brand Manufacturing (OBM). This evolution has seen the industry undergoing a dynamic transformation from traditional cottage operations to an export-oriented industry driven by design, innovation and technology, and adding greater value to its exports.
The industry’s tremendous growth has been built on a strong manufacturing foundation that evolved from being a provider of raw materials to one with availability of skilled workers, excellent design capabilities and good manufacturing practices. In 2020, the industry saw exports valued at RM12.86 billion or a double-digit increase of 15.5% compared with the previous year.
- Iran says no agreement made to resume US talks
- Leader of Colombian criminal ring captured in UAE, says Ecuador’s interior minister
- US to welcome Asian ‘Quad’ back to Washington for a summit
- Global cocaine market hit new record highs: UNODC
- Spain PM Sanchez says Gaza in ‘catastrophic situation of genocide’
- Three Policemen Wounded In Grenade Attack In India
- Lebanese Army Arrested Daesh’s Leader In Lebanon
- S. Korea’s Court Dismissed Warrant To Arrest Ex-President Yoon
- 11 Terrorists, Two Soldiers Killed In Operation In NW Pakistan
- Iran Says Airspace To Remain Closed Until This Afternoon