Coway mulls setting up manufacturing operations in Malaysia

SEOUL: Coway Co Ltd, a South Korean maker of home appliances, is mulling over establishing manufacturing operations in Malaysia with the aim of using the country as a launchpad into other South-East Asian markets.

Malaysia is Coway’s largest international market where it is successful in selling and renting its water purifiers. The country has also contributed significantly to Coway’s revenue with sales last year hitting RM790mil from RM268mil in 2014. In terms of sales, the company sold 295,000 units of its water purifiers and an increasing number of air purifiers last year compared with 79,000 units in 2014.