ENP Joins Yieh Phui in Pioneering Chinese Enterprises' Expansion into Malaysia

2024/12/13

2024

Voyage to Global Markets


Founded in 2006, Shanghai ENP Industrial Co., Ltd. is a contemporary enterprise offering comprehensive sales and services in steel products and building materials,Since establishing our import/export division in 2010, ENP has maintained core business stability while strategically expanding overseas, with steadfast commitment and resilience, we continue exploring new cooperative opportunities. In this issue, we introduce two Malaysian clients visiting ENP.




Global Reach · Unlimited Growth


Located at the heart of Southeast Asia, Malaysia commands the Strait of Malacca, serving as a vital nexus between maritime and mainland ASEAN. This grants the nation exceptional geographical advantages. As a key node on the "21st Century Maritime Silk Road," Malaysia was among the first countries to support the Belt and Road Initiative. Backed by high-level policy support and market forces, Chinese enterprises have demonstrated robust investment activity in Malaysia's manufacturing sector since 2023.

2024 marks the 50th anniversary of diplomatic relations between China and Malaysia. Over the past half-century, the two nations have maintained close ties: China has been Malaysia’s largest trading partner for 15 consecutive years, while Malaysia ranks as China’s second-largest trading partner within ASEAN.

Emerging Trade Prospects

On March 18, 2023, the Regional Comprehensive Economic Partnership (RCEP) – the world's largest free trade agreement – officially took effect for Malaysia. Under the agreement, China and Malaysia began implementing additional market access commitments and preferential tariff measures from this date onward.

Notably, Malaysia imposes 0% anti-dumping duties on Ye Hui's exported hot-dip galvanized and galvalume steel sheets – the most favorable tariff treatment available to Chinese steel enterprises. This provides Yieh Phui and ENP with inherent competitive advantages and solid safeguards for Southeast Asian market expansion.


Personalized Hospitality · In-Depth Introduction


Recently, ENP welcomed two delegations of distinguished international guests, Among the honoured guests from Malaysia included Huang Rongcai, Yang Jianxiong and Yu Zujin and others visited ENP. Shanghai ENP Industrial Co., Ltd. General Manager Shen Congkuang, Deputy General Managers Chen Rongchun and Zhu Hu, along with Yieh Phui Assistant Sales General Manager Huang Fucai and Sales Manager Yin Chunlei, warmly received the delegation. The two sides held in-depth discussions on the export of Yieh Phui steel to Malaysia.

With over 30 years of experience in coated steel product manufacturing, Yieh Phui has earned high acclaim from its customers,It is globally recognized as one of the most advanced and professional coated steel manufacturers. Yieh Phui (China) currently maintains a monthly production capacity of 50,000 tons of premium color-coated coils, 120,000 tons of galvanized/galvalume/zinc-aluminum-magnesium coils, 180,000 tons of various cold-rolled coils. Our products are widely used by premium domestic clients and exported to over 20 countries and regions, including Europe, the United States, and Southeast Asia. Not only have we secured a significant market share in Malaysia, but our high-quality products and services have also earned the trust and acclaim of customers worldwide.

Click to learn more about Yieh Phui (China)

Walking with the Pioneer (1): The "Beauty" of Steel, Look at Yieh Phui

Strictly control the quality, Yieh Phui is in action丨ENP partner style exhibition (2)

Process engineering, scientific control, creating fast delivery丨Yieh Phui philosophy (3)

Innovation and Growth, Sustainable Management丨Yieh Phui Product Innovation Exhibition(4)


During the visit, ENP Industrial not only introduced Yieh Phui Steel's excellent products and advanced technology to the Malaysian partners in detail, but also demonstrated their outstanding position as an industry pioneer.

It is worth mentioning that, The Malaysian companies are deeply engaged in the field of steel production and steel products, and have an in-depth understanding of the relevant regulations and policies related to China's steel exports to Malaysia. This in-depth exchange also greatly benefited ENP, providing a more detailed understanding of the tariff policyies and export business processes. It can effectively further the improvement of the operational efficiency of ENP's export business in the future, achieving significant cost reductions.


International Cooperation for a Mutual Beneficial Future


Recently, ENP Industrial and Yieh Phui jointly met with two Malaysian clients on separate occasions, demonstrating seamless cooperation and a commitment to excellence. It not only deepened the friendship between the two parties and the Malaysian customers, but also opened up infinite possibilities for future cooperation


It is exciting that ENP is actively implementing the strategy of going global and constantly taking steps, by visiting Russia, Vietnam and other markets to understand different markets, and develop plans to go to other countries like Indonesia and Thailand in the future, continuing to deepen our international cooperation network. At the same time, we recognize that talent is the cornerstone of sustainable growth—which is why we are proud to welcome a new generation of dynamic and creative professionals to our team.


ENP says they will continue to uphold the attitude of openness and cooperation, and work with global partners, including Malaysia, to jointly explore a broader market space, promoting the continuous progress and development of the steel industry!


ENP GOING GLOBAL


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