Taiwan expo 2023 open in KLCC
KUALA LUMPUR, Aug 24 (Bernama) — Taiwan Expo 2023, which serves as an integrated platform for the global marketing of Taiwanese products, saw a total of 170 Taiwanese companies participating with over 220 booths.
With its theme “Together, Reach New Heights”, the expo was organised by the Bureau of Foreign Trade and the Taiwan External Trade Development Council (Taitra) and commenced today until Aug 26 at the Kuala Lumpur Convention Centre KLCC.
Taiwan Expo has been held continuously for seven years in Malaysia, and this year, the expo returns to physical after the Covid-19 pandemic since the last physical exposition in 2019.
Taitra chairman James Huang said Taiwan is Malaysia’s fifth largest trading partner and the third largest import source, and last year, the bilateral trade amounted to US$36 billion.
“In the area of investment, we have seen growing numbers of Taiwanese companies coming to Malaysia to invest because Malaysia is a very important high-tech partner for Taiwan, and you have a growing and thriving high-tech ecosystem here in Kuala Lumpur and Penang.
“Many Taiwanese tech companies invested in Penang, as well as many international tech companies. And this is exactly the reason why we held the Taiwan Expo in the past seven consecutive years,” he said in a press conference after the opening of the Taiwan Expo 2023 here today.
Huang said the purpose of the Taiwan Expo returning to Malaysia is to forge new partnerships and business cooperation, particularly in smart medicines, smart manufacturing, smart life, halal products, and circular economy to support Malaysia’s various development policies.
“We hope to support Malaysia’s policy of Industry 4.0, digital policy, and net zero policy to reduce greenhouse emissions by 45 per cent before 2030 and to become carbon neutral in 2050,” he said.
This year’s Taiwan Expo saw strong support from the leaders of 20 Malaysian chambers of commerce and industry, including the National Chamber of Commerce and Industry Malaysia (NCCIM), the Federation of Malaysian Manufacturers (FMM), and the SME Association of Malaysia (SMEAM).
Currently, there are over 1,080 pre-scheduled one-on-one business matchmaking sessions, with an estimated business opportunity value of US$48 million, underscoring the robust partnership between Taiwan and Malaysia.
When met at the expo, U-Screws Precision Co manager Hank Hung said the company is the first manufacturer in Taiwan to produce planetary roller screws, an advanced version of ball screws.
He said planetary screws have found widespread application in industrial automation, transportation, aerospace and medical devices, and U-Screws is able to provide various types and specifications of planetary screws to meet market-specific requirements.
“Customisation options are also available to cater to unique needs,” he said, adding that the company is seeking business partners or distributors in Malaysia.
Allen Plastic Industries Co Ltd, International account manager Steven Yen said the company offers horizontal shrink-sleeving machines designed for the cosmetics and pharmaceutical industries.
“Generally, in the market, we use vertical sleeving to sleeve the bottle or container, allowing it to stand easily. The horizontal sleeving machine is for bottles or containers that cannot stand easily.
“Horizontal sleeving machines can be applied in many fields. The machine is suitable for small diameter products, 9-40 mm,” he said.
Yen said that Allen Plastic is also looking for business partners to distribute their products.
— BERNAMA
