The main competitors in the Malaysian gear forging market are manufacturers from China and Japan, both of whom have significant advantages in technology and production.
However, the Malaysian government has been pushing for the development of the gear forging industry, implementing a series of policies aimed at improving the industry’s competitiveness. These policies include encouraging private sector participation in the industry through measures such as lowering corporate income tax, providing loans, and granting subsidies. In addition, the government is working with companies and universities to improve talent development and technological innovation.
In terms of actual production, Malaysian gear forging manufacturers have also taken measures to improve their competitiveness. For example, many companies adopt LEAN production to improve efficiency, while also focusing on product quality control and environmental protection. Additionally, companies are also beginning to focus on developing innovative products to meet customers’ ever-changing demands.
In conclusion, despite facing fierce competition from China and Japan, the Malaysian gear forging industry is still continuously developing and improving its competitiveness.
