KUALA LUMPUR, December 13 – The Malaysian Investment Development Authority (MIDA) and the Malaysian Plastics Manufacturers Association (MPMA) successfully organized the inaugural MyPlast Sourcing Summit 2023 at the One World Hotel, Petaling Jaya, Selangor. This summit, attended by over 130 participants, including 10 Multi-National Companies (MNCs) and more than 20 plastics Small and Medium Enterprises (SMEs), aimed to foster collaboration and strengthen the local plastics supply chain ecosystem.
With notable participants like Texas Instruments Malaysia, Nestle Manufacturing, Thong Guan Industries, and The Dow Chemical Company, the event facilitated business opportunities and aimed to enhance SMEs’ plastic production capabilities, contributing significantly to Malaysia’s economy. Datuk Wira Arham Abdul Rahman, CEO of MIDA, commended the successful organization of the MyPlast Sourcing Summit, highlighting the crucial role of the plastic products industry in supporting various manufacturing sectors in Malaysia.
The collaboration between MNCs and local plastics manufacturers, as facilitated by initiatives like this summit, drives the growth of local enterprises and aligns with the Malaysia Plastics Sustainability Roadmap 2021-2030, fostering innovative and sustainable plastic manufacturing practices. Mr. CC Cheah, President of MPMA, expressed gratitude to MIDA for their support in bringing together resources from MNCs to engage in business matchmaking sessions with MPMA members. He emphasized the summit’s significance in addressing critical issues such as quality, cost, and supply consistency between buyers and sellers in the plastics industry.
