Malaysian Plastics Manufacturers Association (MPMA)

Planning For Plastics Procurement In Volatile Times

Participants gained valuable insights into the main commodities, market trends and expert analytics in the PLANNING FOR PLASTICS PROCUREMENT IN VOLATILE TIMES Webinar today in collaboration with ICIS.

#webinar

#marketintelligence

#polymerpricing

Leverage Technology Innovations

Grow Business with ERP

WhatsApp Image 2022 08 09 at 3.05.03 PM

MPMA together with Epicor had successfully organised an exclusive workshop and business networking session on 28.7.2022 at Somerset Petaling Jaya.

The seminar had highlighted that when implementation is done right, ERP lets your business information flow smoothly and efficiently across all departments. Companies will be able to see what's happening in your business in real- or near-real time. With better, faster and more accurate information, companies will be able to make better-informed decisions yet fit the long-term direction and strategy.

Face-to-face Dialogue with En Abdul Aziz Mohamad Sharkawi, Senior Principal Assistant Director, Industry Development Division ) & En Mohd Nazri Abd Ghani, Senior Assistant Director, ASEAN Economic Integration Division, MITI

Highlights from this discussion include the following:

- Malaysia became the 12th member country to ratify RCEP on 14 January 2022. The enforcement took place on 14 March 2022, 60 days after the ratification.

- RCEP consist 15 ASEAN Member States and ASEAN’s Free Trade Area Partners

- Rules of Origins either Change in Tariff classification (CTC) or Regional Value Content (RVC) of 40%. MITI advised that the CTC is more user-friendly then RVC.

- Members are advised to study the tariff rates offered by RCEP in comparison with the regional FTAs before exporting their finished goods or importing raw materials. E.g. for most plastics products exporting to China, the tariff rates are 5.9% in 2022 but under ASEAN-China FTA, the rates are 0%. Likewise, for PE resins importing from Korea, the rate is 10% in 2022, but under ASEAN-Korea FTA is 5%.

MPMA PLASTECH MONTH

The MPMA PLASTECH MONTH 2021 brings together the business technology and plastics related material and machine community to build a better and advanced Malaysian plastics industry. We have a pressing opportunity to reimagine how technology and advancements in the plastics industry can benefit humanity as we mould a healthier and sustainable future for all.

As we get ready for the ‘new normal’ after a period of unrivalled disruptions from the Covid-19 pandemic, we must consolidate on recent accelerated adoption of technology. As we look ahead, the challenges we face are vast and complex but can be equally met by our collective ambition and the opportunity to transform people’s daily lives for the better.

More now than ever, carefully considered decisions and collaboration are essential in enabling technology to realise its full potential.

The MPMA PLASTECH MONTH 2021 is the platform for leading technology innovators and pioneers to showcase insights and perspectives on how technology can positively shape our future.

PLASTECH RELEVANT PAGES

https://mpma.org.my/mpma-plastech-month/speakers

https://mpma.org.my/mpma-plastech-month/sponsorship

https://mpma.org.my/mpma-plastech-month/registration

https://mpma.org.my/mpma-plastech-month/programme

https://mpma.org.my/mpma-plastech-month/plastech-media

MAIN TOPICS

MPMA MEETING WITH MOF – KEY TAKEAWAYS

MPMA had a constructive discussion with the Ministry of Finance today, chaired by Mr Fadzlee Malik, Head of SST Department. MPMA highlighted three key issues impacting the plastics industry, and MOF provided the following responses:

1. Resin Supply Chain – Current exemptions are too narrow, leaving SMEs exposed to higher costs as Tier 2 distributors are excluded. MOF shared a solution for SMEs to purchase resins under the existing framework.

2. Machinery & Equipment – The 5% SST on plastics machinery, moulds, and robots raises capital costs, discouraging automation and productivity upgrades. MOF acknowledged that some HS Codes were overlooked and requested MPMA to submit a full list for review.

3. Recycling Industry – Gaps in SST exemptions for plastic scrap collectors and yard operators risk undermining recycling and circular economy goals. MOF said they will study the proposal and may expand Schedule C to exempt the recycling supply chain from tax.

The Government has taken note of our concerns and signaled openness to addressing them. MPMA will continue to engage closely with MOF to ensure practical and fair solutions for the industry.

#MPMA #SST #MinistryofFinance

MPMA RECYCLERS LUNCHEON & NETWORKING SESSION-20 MAY 2025

recylers

MPMA Recyclers Luncheon and Networking Session was successfully held yesterday, bringing together around 40 recyclers and AP holders from across the industry.

The session served as a valuable platform for recyclers and stakeholders to network and exchange insights, with a key focus on the new Guidelines for Importation & Inspection of Waste Plastic issued by SIRIM.

Special thanks to Dato’ Johnson Yoon, Chairman of MPMA Recycling Committee for leading the discussion and to all participants for your active engagement and constructive input.

Planning For Plastics Procurement In Volatile Times

Leverage Technology Innovations

Face-to-face Dialogue with En Abdul Aziz Mohamad Sharkawi, Senior Principal Assistant Director, Industry Development Division ) & En Mohd Nazri Abd Ghani, Senior Assistant Director, ASEAN Economic Integration Division, MITI

MPMA PLASTECH MONTH

MAIN TOPICS

MPMA MEETING WITH MOF – KEY TAKEAWAYS

MPMA RECYCLERS LUNCHEON & NETWORKING SESSION-20 MAY 2025

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