MATRADE To Boost Trade Through Mid-tier Companies

MATRADE To Boost Trade Through Mid-tier Companies
CEO of MATRADE, Mohd Mustafa Abdul Aziz

MATRADE is committed to intensify collaboration with Malaysian Mid-Tier Companies (MTCs) as they are among the prime movers to the nation’s export growth.

During the recent engagement session with Malaysian Consortium of Mid-Tier Companies (MCMTC), both MATRADE and MCMTC agreed to undertake new initiative to scale up exports as well as to facilitate Malaysian small and medium sized enterprises (SMEs) to be part of the latter’s global supply chain network.

“Through the Mid-Tier Companies Development Programme (MTCDP), MATRADE will continue its agenda, not only to create more global champions but also to support SMEs’ immersion into the international market,” says CEO of MATRADE, Mohd Mustafa Abdul Aziz.

“MCMTC will continue to support MATRADE in growing MTCs and towards the recovery of the Malaysian economy,” said Callum Chen, President of MCMTC who is also the CEO of LH Plus Sdn Bhd.

MCMTC is a collaborative alliance between Mid-Tier Companies who have successfully graduated from MTCDP with the main objective of working synergistically for reaping bigger business opportunities and becoming global champions.

MCMTC, which was formed in 2017, has been the prominent voice of MTCs in Malaysia and has helped the Government with new ideas and also undertaken corporate social responsibility activities during this pandemic.

MATRADE has successfully groomed 275 MTCs through MTCDP since the programme started in 2014. It is one of the Government’s high impact initiatives in the Malaysia’s Development Plan, aimed to accelerate the export growth of Mid-Tier Companies to be the regional and global champions.

MTCDP has become the springboard for Malaysian homegrown names to stamp their mark as the globally recognised brands in every corner of the world. In 2020, 142 companies from MTCDP reported exports’ revenue of RM8.21 billion, an increase of 1.7% compared with the year before.

In line with the 12 th Malaysia Plan, MATRADE will strive to create more export champions, supporting the ongoing efforts by the Government in regenerating Malaysian economy, driving the growth of new sectors while striking the balance to ensure socio-economic inclusiveness and sustainability.

MATRADE is actively recruiting new participants for the programme. The MTCDP targets export-oriented MTCs with annual revenues between RM50 million to RM500 million for manufacturing companies and RM20 million to RM500 million for service

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