household appliances expected to propel growth of local manufacturing companies - household electrical appliances

George town: In 2013, home appliance markets overseas and Malaysia are expected to drive growth for local manufacturing companies that support the consumer goods industry.
This is due to a steady rise in demand for household appliances, especially in Asia,
Pacific market, and demand for audio
Visual products such as lighting-emitting-diode (LED)
Television has become weak in mature economies, especially.
This affects printing. circuit-board (PCB)
Manufacturers like GUH Holdings Bhd will seek new business opportunities.
"It used to be audio --
The market for visual products such as LED TVs has driven the sale of pcb.
"But due to the decline in audio demand --
We have been expanding our sales since last year.
National Corporation (MNCs)
Brand washing machine and refrigerator with energySave function.
"These multinationals are in Indonesia and the Philippines," said Datuk Kenneth H'ng, general manager of GUH . ".
This year, the group plans to add a pair of specially designed
Double sided pcb produced in Suzhou and Penang from 70,000 in 2012 to 50,000 per month.
"The contribution of the household appliance sector should be around 60% this year, while audio-
"The contribution of the visual part should be around 40%, down from the previous 60%," he said . ".
Huang said the group's LED lighting business will also offset the impact of audiovisual segment.
"We got more new orders from customers around the world for large printed circuit boards
Screen display and general height
Lighting market.
"These PCBs are produced by our factory in Suzhou . "
For the 2012 fiscal year ended December 2012, the group released a rm46. 8mil pre-
Compared to rm43, the tax profit behind rm80mil revenue. 9mil pre-
Tax profits and RM311mil revenue a year ago.
According to Germany
Global LED sales department GfK research house
Backlight LCD TV is expected to grow 4%on-
2013 to 0. 217 billion.
"However, this is a big gap from the 11% growth achieved in 2011.
"Growth in emerging markets is expected to offset a small decline in developed regions, but will slow compared with last year," GfK reported . ".
In mature markets such as Japan and Western Europe, sales are expected to remain sluggish, down 1% year on year. on-
This year, according to GfK.
Roland Beh Cheng Siong, chief executive of CT Frank Technology Sdn Bhd, said that due to the declining global led TV market, prices are also very competitive, the company's led TV business will generate about 10% of revenue in 2013, compared to about 30% in 2012.
"The the company 65% of income in about 2013 will by kettle, hot pot, hot water heater and household appliances products internal brand isonic under the rice cooker and gas stove-oriented domestic market.
"The remaining 35% will be driven by our led TV and large Smart Display products with interactive and touch features --
"The Screen function," he said.
Beh added that compared to rm62 mil in 2012, the company aims to achieve rm72 mil revenue this year.
Meanwhile, Dixon Chew, general manager of Pensonic Holdings Bhd, said overseas sales of its home appliances would contribute 30% to revenue in 2013, compared with 25% a year ago.
"Indonesia, the Philippines, Africa and the Middle East are important markets.
"We have energy washing machines.
In addition to rice cookers and ovens, energy-saving features are at the forefront of overseas sales, and their performance is better than audio
Visual Product section.
"The LED lighting product brand Carinae we sell will also make a significant contribution to the group's revenue this year," he said . ".
The domestic home appliance market is mature and local customers are building, Chew said.
Not independent products. “Built-
"In the kitchen appliances, the function is better and the Fusion is better in the various kitchen designs," he added . ".
Chew said the group will cut advertising spending and launch more roadshows to promote its products in China to increase market share.
According to the global industry analyst report released in November 2012, the global household appliance market is expected to reach 1.
Driven by developing economies, by 2018, 25 billion units led by Asia --
The emergence of smart appliances and increased energy demand in the Asia-Pacific region
Efficient products.
"While alternative demand, niche product development and renewal of old product lines are the main factors driving growth in developed markets, the rise in income and living standards has affected growth in developing countries, the report said.
It added that Asia-
The Pacific region, led by India and China, is the world's largest market.
The company said the region's annual growth rate is expected to exceed other geographic markets.
More than 8% 2010-2018 period.
"In terms of market segments, refrigerators, washing machines and vacuum cleaners are the largest segment in the major household appliances market, while refrigerators and room air-
"Air conditioning is expected to provide growth momentum for the market," the report said . ".