MATRADE’s Impact Tracking Report 2022 has indicated that Mid-Tier Companies continue to thrive and attain spectacular achievements amidst continuous global economic uncertainties since the post-pandemic recovery period.
According to the report, MTCs demonstrated strong resilience, creativity, and commitment, and strove hard to venture into new export markets and innovative sectors, where they were able to serve the demand, as well as leverage growing business opportunities around the world.
Dato’ Seri Reezal Merican Naina Merican, MATRADE’s Chairman acknowledged the perseverance and outstanding achievements of the MTCs. He presented the Impact Tracking Report of the Mid-Tier Companies Development Programme (MTCDP) for the year 2022, where they have successfully registered RM33.9 billion of cumulative annual revenue, of which RM20.9 billion (or 61 percent) was generated from exporting activities.
He added, “The export revenue grew nearly 18 percent compared to the previous year. MTCs had successfully set up their footprints in 55 international markets whereby among the top markets penetrated were Australia, USA, and Greece.”
“MTCs have also bolstered the supply chain by engaging more than 9,000 micro, small, and medium enterprises (MSMEs) as their vendors or suppliers. MTCs have also created more than 5,500 new jobs, especially skilled jobs such as technicians and engineers, reflecting their commitment in upskilling, reskilling as well as cross-skilling to meet the new demand of the industries,” said YB Dato’ Seri Reezal Merican.
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 services companies. Interested companies are encouraged to contact [email protected] for more details.
