More local companies benefitting from trade war
According to PIE group managing director Alvin Mui(pic), some of these projects came to PIE as a result of the US-China trade war. “Some multi-national corporations in China are giving us the projects so that they can ship the products to the US from Malaysia,” he said.
PETALING JAYA: At least two more locally listed companies have jumped on the bandwagon to explore new opportunities stemming from the escalating US-China trade war.
Penang-based PIE Industrial Bhd 
is negotiating to secure electronic manufacturing projects with China-based parties while Johor-based furniture maker Wegmans Holdings Bhd is said to be in talks with China partners who are keen to use the latter’s facilities in Malaysia for their future exports.
Wegmans officials also recently said that the company has continued to receive high number of enquiries and sales leads from US customers who are looking to shift their orders to Southeast Asia.
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