In 2023, Malaysia to become world's largest producer of Hot Wheels

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In 2023, Malaysia to become world's largest producer of Hot Wheels

Mattel, the company behind the popular Hot Wheels toy brand, is planning to shift most of its production from China to Malaysia, making Malaysia the biggest manufacturer of Hot Wheels toy cars in 2023. Mattel is investing around $240 million in this move, which is expected to create more than 4,000 jobs in Malaysia's manufacturing industry.

The decision to move production to Malaysia is driven by several factors, including the country's strategic location, ease of doing business, and the government's support for the manufacturing sector. The Malaysian government has also promised to provide incentives for companies that invest in the country, which has made Malaysia an attractive destination for foreign investors.

This move is expected to have a significant impact on Malaysia's economy and will cement the country's position as a major player in the global toy manufacturing industry. With Mattel's investment, Malaysia is poised to become the largest maker of Hot Wheels cars, surpassing China, which has been the largest manufacturer of Hot Wheels toys for years.

This development will also provide a boost to the local manufacturing industry and create more job opportunities for Malaysians. The move is expected to increase the country's export revenue and reduce its reliance on traditional manufacturing sectors such as electronics and palm oil.

In conclusion, Mattel's decision to move its Hot Wheels production to Malaysia is a significant development that will benefit both the company and the country. Malaysia's favorable business environment, combined with its skilled workforce and government support, has made it an attractive destination for foreign investors looking to expand their operations in the region. This move is expected to bring in more investments, create more jobs, and contribute to the country's economic growth.

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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