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Latitude Tree: Competition easing

KLANG: Furniture maker Latitude Tree Bhd expects revenue from its Vietnam operations to grow by 10% to 20% this year, while its Malaysian business is expected to grow by 10%, on the back of slowing competition from China, said its executive director Lin Tzu Keng. Speaking to The Edge Financial Daily recently, Lin said Chinese exports, especially to the United States, were slowing as China shifted its focus to catering for growing domestic demand. Latitude Tree produces wooden bedroom, living and dining room sets for the export market. Some 90% of its products are sold in the US and the remaining 10% in Europe and the Middle East. Lin said its Vietnam and Malaysian operations would also benefit from negatives affecting Chinese furniture makers such as anti-dumping duties imposed on their bedroom sets in the US, import duties and rising labour costs. “In 2008, a lot of factories in China closed down which reduced capacity, but in May 2009 we saw orders come back and we worked to replen

Global furniture buyers, exhibitors to converge at KL fair next March

MIFF 2023 Welcomes Global Buyers in March for Asia Furniture Buying Season

MIFF 2023 WELCOMES GLOBAL BUYERS FROM 1-4 MARCH FOR ASIA FURNITURE BUYING SEASON

Visitor registration is open to Southeast Asia's biggest furniture show KUALA LUMPUR, Malaysia, Nov. 23, 2022 /PRNewswire/ Malaysian International Furniture Fair (MIFF) 2023 is ready to welcome global buyers from March 1-4 with leading Malaysian exporters and manufacturers headlining the show to provide global buyers with fresh opportunities to rebuild their inventory and businesses after Covid-19. MIFF 2023 Visitor Registration is Now Open! Visit www.miff.com.my for more information. There are no pandemic restrictions for international arrivals as Malaysia had abolished all rules from August 1, 2022 since reopening borders in April. Visitor registration is now open to the four-day event taking place at the World Trade Centre Kuala Lumpur (WTCKL) and Malaysia International Trade & Exhibition Centre (MITEC) on the show website (www.miff.com.my). Organised by Informa Markets, MIFF remains the most global and largest B2B furniture and furnishings event in Southeast Asia, and wel

Malaysian sourcing opportunities this summer

Malaysian sourcing opportunities this summer
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