MTIB eyes RM20m sales at exhibition
Last updated on 22 April 2017 - 11:00am
KUALA LUMPUR: The Malaysian Timber Industry Board (MTIB) aims to increase the overall timber sales to over RM20 million this year from RM19.72 million in 2016 at the exhibition, 'Wood & Lifestyle Fair 2017' despite the current economic uncertainties.
MTIB Director-General, Datuk Dr Jalaluddin Harun, said the target would be driven by continued demand for high value furniture with the new designs.
"The exhibition will be held in seven locations nationwide. Of the target for this year, we expect Kuala Lumpur, as the key location, to record RM8 million compared with RM6.6 million last year," he told reporters after the launch of the 'Wood & Lifestyle Fair 2017' here today.
The three-day exhibition, starting today, was launched by MTIB Chairman, Anyi Ngau, who represented the Minister of Plantation Industries and Commodities Datuk Mah Siew Keong.
It is expected to attract 15,000 visitors.
Mah said the total value of the wood product exports last year was RM22.1 billion with furniture exports recording the highest value.
"Of the total value, Bumiputera entrepreneurs contributed 1.74 per cent of the total value.
"For the domestic market last year, the use of wood products amounted to RM18 billion, which included product structure and interior decoration for houses and offices," he said.
He said in view of the participation of Bumiputeras in the timber industry was still small, various programmes had been undertaken by ministries and agencies to help improve productivity and in turn market the products in domestic and international markets.
"Among them, the programmes were Superbumi or Bumiputera Furniture Entrepreneurs Scheme which would be implemented for four years, starting this year," he said.
The text of his speech was read by Anyi. — Bernama