Nikon to exit Malaysian market in January 2021 – DIY Photography


Ever since the pandemic began, Nikon has seen delays, job cuts, and revenue loss. The pandemic continues and so do Nikon’s struggles, and the company recently published that it’s ceasing all operations in Malaysia.

On 4 November, Nikon issued an announcement that it will no longer manage the business in Malaysia directly. Instead, the company will rely on partners to “manage all business activities covering marketing, sales, and after-sales service on behalf of Nikon.”

“For the Imaging Business, Futuromic Photo AV Sdn. Bhd. will be our authorised distributor. For the Industrial Metrology Business, QES (Asia-Pacific) Sdn. Bhd. will continue to be our authorised distributor.

Nikon (Malaysia) Sdn. Bhd. is pleased to be deepening its relationships with Futuromic Photo AV Sdn. Bhd. and QES (Asia-Pacific) Sdn. Bhd., both of which have been valued key partners since 2003 and 2009, respectively.”

Closing operations in one country doesn’t seem like much. However, keep in mind that Nikon has been struggling for a while now. Also, Malaysia isn’t the only country hit by this decision, as it was a hub chosen to serve other countries around it, according to Photoxels. Additionally, Nikon also left the Brazilian market in 2018, although the reason back then was different.

Users will still be able to buy Nikon products and use the services, only they will be offered through official partners. The final operation day of Nikon Malaysia will be 31 December 2020, and all operations will be ceased on 1 January 2021.

[via Light Stalking]





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