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Panels & Furniture Asia July/August 2022

Panels & Furniture Asia (PFA) is a leading regional trade magazine dedicated to the woodbased panel, furniture and flooring processing industry. Published bi-monthly since 2000, PFA delivers authentic journalism to cover the latest news, technology, machinery, projects, products and trade events throughout the sector. With a hardcopy and digital readership comprising manufacturers, designers and specifiers, among others, PFA is the platform of choice for connecting brands across the global woodworking landscape.

Panels & Furniture Asia (PFA) is a leading regional trade magazine dedicated to the woodbased panel, furniture and flooring processing industry. Published bi-monthly since 2000, PFA delivers authentic journalism to cover the latest news, technology, machinery, projects, products and trade events throughout the sector. With a hardcopy and digital readership comprising manufacturers, designers and specifiers, among others, PFA is the platform of choice for connecting brands across the global woodworking landscape.

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NEWS<br />

MALAYSIA AND VIETNAM TO<br />

STRENGTHEN ECONOMIC<br />

COOPERATION IN TIMBER TRADE<br />

Vietnam and Malaysian timber industries have<br />

signed a Memorandum of Cooperation (MoC)<br />

to develop the timber trade in both countries.<br />

It aims to strengthen economic cooperation<br />

and create opportunities for Vietnamese and<br />

Malaysian timber manufacturers to promote<br />

their exports and imports.<br />

The signatories of the MoC include the Timber<br />

Exporters’ Association of Malaysia (TEAM),<br />

the Malaysian <strong>Furniture</strong> Council (MFC), the<br />

Vietnam Timber and Forest Product Association<br />

(VIFORES), the Binh Duong <strong>Furniture</strong><br />

Association (BIFA), the Handicraft and Wood<br />

Industry Association of Dong Nai (DOWA) and<br />

the Wood Industry Association of Ho Chi Minh<br />

City (HAWA).<br />

Muhtar Suhaili, CEO of Malaysian Timber<br />

Council (MTC), also commented that Malaysia<br />

ai161597024816_EN_PFA_IMEAS_202105.pdf 1 17/03/21 09:37<br />

will commit to further developing the timber<br />

industry sustainably.<br />

Malaysia can benefit from Vietnam’s higher<br />

FDI in furniture manufacturing and access<br />

to the EU market through Vietnam’s free<br />

trade agreements, commented Muhtar. The<br />

availability of skilled and local manpower will be<br />

advantageous for Vietnam, and the border with<br />

China will provide easier access for furniture<br />

parts and wooden panels.<br />

Chua Song Fong, president of TEAM, remarked<br />

that Vietnam’s timber industry has been<br />

growing strongly over the past decade and<br />

TEAM would like to capitalise on this to explore<br />

business opportunities in the country.<br />

Khoo Yeow Chong, president of MFC, likewise<br />

wants to increase its market share in Vietnam,<br />

and the MoC can deepen investment flows for<br />

Malaysia, citing supplying furniture parts to<br />

Vietnam as a good possibility.<br />

According to Vietnam Plus, Malaysia’s export<br />

of timber products to Vietnam in 2021 reached<br />

US$38.44 million, while Malaysia spent<br />

$148.25m on importing wooden products from<br />

Vietnam. P<br />

Source: Vietnam Plus<br />

The new EvoL sanding machines from Imeas are the result of more than 50<br />

years of know-how and evolution and offer State-of-the-Art technologies<br />

for sanding of wood-based panels such as MDF and ParticleBoard. EvoL<br />

sanders feature Minimal Costs, Excellent Calibration, High Speed,<br />

Flexibility, Superior Quality, and Full Automation.<br />

C<br />

M<br />

Y<br />

CM<br />

MY<br />

CY<br />

CMY<br />

K<br />

IMEAS S.p.A. via Pacinotti, 36 - 20020 VILLA CORTESE (MI) ITALY | Tel. +39.0331.463011 | Fax +39.0331.432311 | imeas@imeas.it | www.imeas.it<br />

<strong>Panels</strong> & <strong>Furniture</strong> <strong>Asia</strong> | <strong>July</strong> / <strong>August</strong> <strong>2022</strong> 13

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