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MFG.com Offers Malaysia Manufacturers New Capabilities to Quote Selected Business Opportunities Worldwide

MFG.com
2009-11-19 09:36 994

-- Average daily online sourcing projects from North America, Europe valued at US$390 million

BANGKOK, Nov. 19 /PRNewswire-Asia/ -- Representatives from MFG.com, the largest global sourcing marketplace for manufacturers, today are meeting face to face here with many Malaysia manufacturers at the Metalex 09 trade show. MFG.com will take this opportunity to demonstrate how suppliers and buyers around the world are using the Internet to efficiently connect, collaborate and conduct business.

MFG.com's new global platform currently has business opportunities (request for quotes) valued at about US$390 million in Oct. Malaysia manufacturers of custom parts that require machining, casting, stamping, fabrication, forging and more than 300 other manufacturing process categories can use MFG.com to quote for opportunities and collaborate with prospects that match their expertise. MFG.com's platform also enables business between suppliers and buyers of custom apparel and textiles worldwide.

"We've already enabled new business in Southeast Asia, especially in Malaysia, as evidenced by our successful suppliers in the country. We're seeing even more sourcing opportunities in this area," said James Jin, general manager of MFG.com's Asia Pacific operations.

Coraza Systems Malaysia, established in 2001, is a manufacturer of high precision sheet metal fabrication and assembly works. Their specialty ranges from initial product concept and design, through manufacturing prototypes to complete production, assembly and integration. Coraza Systems, a member of MFG.com, said: "MFG.com is a great tool for finding new customers. They have opened up opportunities for us to meet customers all over the world online. On top of that, we have met potential customers face to face to further discuss mutually beneficial business partnerships. With proper usage of these tools, we trust that it can promote the business and promote the member company to our designated customers."

Biochem Industries, which specializes in CNC turning and milling, has been able to grow its business significantly using MFG.com. Mr. Khoo, the owner of Biochem Industries, describes that most of the orders he received are repeat offline orders from U.S. buyers. Mr. Khoo explains: "We have manufactured and shipped nearly all the awarded jobs from MFG.com. Most buyers are from the U.S. They are trustworthy and pay on time. MFG.com has proved to be an invaluable tool for us to expand our presence on a worldwide basis."

Online sourcing is a growing trend for buyers targeting an efficient sourcing process and worldwide supply chain. For suppliers, it's a proven way to cultivate overseas business. Earlier this week, MFG.com announced significant improvements to its online marketplace that are designed to create additional competitive advantages for MFG.com's more than 200,000 members. The MFG.com marketplace intelligently connects buyers with suppliers that have the right expertise, capacity and credentials at the right time, resulting in products that can be brought to market faster and at higher levels of quality and profitability.

MFG.com's online approach to sourcing was pioneered 10 years ago. Unlike traditional sourcing options -- such as directories and calling on past suppliers -- MFG.com's platform combines real-time, one-to-many communications with sound sourcing and collaboration business logic. MFG.com can improve decision making and quality management, as well as save time and money for both sides of the manufacturing equation. And MFG.com's customer service team is available to answer questions and provide technical support at anytime.

About MFG.com

MFG.com is the largest global sourcing marketplace for the manufacturing industry. MFG.com's platform enables companies to intelligently connect, source, collaborate and perform due diligence with transparency and intellectual property protection. It supports virtually all manufacturing process and industrial components, is in seven major languages, more than 50 currencies and has more than 200,000 members on five continents. MFG.com is based in Atlanta and has offices in Shanghai, Geneva, Paris and Munich. For more information: http://www.MFG.com .

Media Contacts:

Asia Pacific

Shirley Shen

Tel: +86-21-3203-9588 x6210

Mobile: +86-138-1807-0703

Email: shirleyshen@mfg.com

North America

John Q. Pope

Tel: +1-678-384-6371

Email: jpope@mfg.com

Source: MFG.com
Keywords: Machinery
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