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Ministerial Delegation to Italy Attracts RM3.25 Billion Of Potential FDI

 Kuala Lumpur, 24 January 2023 – MIDA is set to double efforts to pave the way for foreign investors to make Malaysia its investment hub. This includes investors from Italy, who were recently apprised of future Malaysia-Italy business opportunities and strategic collaborations, particularly in fields such as the chemical industry, green technologies, e-Economy, smart technologies and IR4.0 value chains recently.

YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of International Trade and Industry (MITI), led a working visit to Italy from 20 – 23 January 2023 to strengthen the business relationship between both countries. As a result, several Italian companies have expressed their interest to invest in Malaysia, given the country’s strategic position as a gateway to ASEAN and the Asia Pacific region. The overall visit has also successfully attracted potential FDIs valued at RM3.25 billion, which are expected to be realised from 2023 onwards.

“In line with the Government’s commitment to being pro-business, pro-investment and pro-trade, MITI and its agencies are ready and prepared to enhance ties with investors that bring in hi-tech and quality investments that will help create better-paying jobs for Malaysians. From the FDI standpoint, our country is already recognised for its strategic location in Southeast Asia, diversified industry ecosystem and qualified talent pool. What is key now is to address all the pain points in the investors’ journey, in an effort to improve the overall ease of doing business in  Malaysia,” said Tengku Zafrul.  

Also part of the Ministerial delegation was Chief Executive Officer of Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman said, “As a vibrant industrialising and services-oriented nation, Malaysia has geared into the next level of development as our economy becomes more diversified to cater to new growth areas. MIDA continues to welcome high-quality foreign direct investments from around the world, including from Italy. These investments assume an important role in the development of Malaysia due to its multiplier impact on the economy and will continue to do so in the post-pandemic era”.

During the visit, the Minister engaged with several influential business leaders and potential investors through one-on-one business meetings. Italy is Malaysia’s 9th largest foreign investor from the European Union. As of September 2022, a total of 77 manufacturing projects with Italian participation have been implemented with total investments of USD382 million (RM1.4 billion), creating 4,346 job opportunities.

As one of the countries that has created many world class hi-tech companies globally, Italy is able to offer many latest technologies and digitalisation expertise. Hence, the presence of Italian companies in Malaysia is seen as vital to facilitate the transfer of technology to create more Malaysian knowledge workers. Italy’s emerging green technologies are also critical  to support  Malaysia’s long term strategic objective of attracting investments with Environmental, Social and Governance (ESG) considerations, in alignment with the country’s New Investment Policy (NIP).

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For media enquiries, please contact:

Mr. Faizal Jalaludin
Director, Foreign Investment Division, MIDA
Phone : +603 2267 6633
Email  : [email protected]

Ministerial Delegation to Italy Attracts RM3.25 Billion Of Potential FDI


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Kuala Lumpur, 20 January 2023 – Led by the Minister of International Trade and Industry (MITI), YB. Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Malaysia presented a strong proposition to investors at the World Economic Forum (WEF) Annual Meeting 2023 in Davos, Switzerland, from 16-20 January 2023.

The annual meeting, themed “Cooperation in a Fragmented World,” brought together 2,700 leaders from 130 countries, including 52 heads of state and government, as well as representatives from the private sector and civil society to address the state of the world and top priorities for the year ahead to improve global economic conditions.

At this high-profile gathering, the MITI Minister continuously emphasised Malaysia’s commitment to improve the ease of doing business, maintain a pro-business policy and attract more high-value investments, while also positioning Malaysia as a gateway into Southeast Asia.

YB. Tengku Datuk Seri Utama Zafrul was a panelist at a few official WEF sessions including “Living with Risk” and the “Governors Policy Meeting on Supply Chain & Transport”. Tengku Zafrul was also part of a CNBC Panel Session entitled “Global Trade: Navigating the Post-Pandemic Supply Chain Challenge”, which also included His Hon. Ville Skinnari, Finland’s Minister for Development Cooperation and Foreign Trade, as a panelist.

WEF served as an expeditious platform for the MITI Minister to meet his counterparts, including His Hon. Ahn Duk-geun, Minister for Trade Korea; His Hon. Damien O’Connor, Minister for Trade and Export Growth, New Zealand; His Hon. Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade, United Arab Emirates; Liesje Schreinemacher, Minister for Foreign Trade and Development Cooperation, Netherlands; as well as His Hon. Luhut Binsar Pandjaitan, Coordinating Minister of Maritime and Investment Affairs and His Hon. Bahlil Lahadalia, Minister of Investment, Indonesia; to discuss trade issues including strengthening economic partnership between Malaysia and their countries.

The MITI Minister also met with several key representatives from multinational companies such as Intel Corporation, Microsoft Corporation, P&G, Honeywell, Amazon Web Services, Ericsson, Port of Antwerp, AstraZeneca and Estee Lauder where they exchanged views and insights on ways to strengthen existing business and investment relations as well as exploring further opportunities in Malaysia.

The Malaysian delegation, led by Tengku Zafrul, promoted the government’s initiatives to attract quality and sustainable investments, as well as exchanged views and perspectives with the leaders of other countries and participants.

***ENDS***

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA
Mr. Faizal Jalaludin
Director, Foreign Investment Division
E: [email protected]   I   T: +60322676650

Malaysia Presents A Strong Proposition to Investors at World Economic Forum (WEF) 2023, Davos


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16 January 2023, Penang – Intel Malaysia in collaboration with the Malaysia Productivity Corporation (MPC), the Malaysian Investment Development Authority (MIDA) and Scuttle Robotics has successfully launched the RoboFun (Robotics for University) programme.

Datuk Bahria Mohd Tamil, Deputy Secretary General (Investment) of the Ministry of International Trade and Industry (MITI) has officiated the launching event and expressed, “I applaud Intel’s effort in creating the RoboFun program as one of the on-going collaborations forged between Industry, Government and universities towards strengthening the robotics ecosystem in Malaysia. I believe that all these efforts will ultimately contribute to the evolution of Malaysian industries towards Industry 4.0.”

Datuk Wira Arham Abdul Rahman, CEO of MIDA said, “Intel’s initiative on talent development via RoboFun’s comprehensive training module in collaboration with local universities is an effective method to spur industry and academia knowledge sharing in developing an Autonomous Mobile Robots (AMR) system. The solution and Industry 4.0-related technology created by our own university talents will encourage local SMEs to optimise productivity as well as to enhance their capabilities. MIDA is looking forward to support the success of this programme which will ultimately improve local graduates’ marketability to meet the industry needs. MIDA will continue to work together synergistically with the industry and academia to support the development of the electrical and electronics (E&E) ecosystem in Malaysia.”

Dato’ Abdul Latif bin Haji Abu Seman, Director General of MPC is optimistic that the RoboFun programme will continue to increase the productivity and competitiveness of our industry and that this trend will continue in the foreseeable future. Autonomous Mobile Robots (AMR) would be a workable solution to the problem of growing labour expenses if only the price of automating processes could be brought down. MPC, in its capacity as the programme’s operational partner, will be in charge of administering the whole training process, with Intel and Scuttle Robotics providing all necessary technical assistance.

Mr. Eric Chan, Vice President of Network and Edge Group, General Manager of Customer Application Support and Enabling, Intel Corporation said, “The digital divide is not just between the rural and the urban as it exists even at places where there are plenty of intellects. We aim to bridge this gap among the faculties, to create a new generation of workforce equipped with a higher appreciation of digital skills and artificial intelligence (AI) technologies, regardless of their training disciplines. AMR is one of the best applications to realise multiple advanced technologies’ integration – from mobility, AI, control systems, OS and to automation. RoboFun aspires to help universities build capabilities and ultimately emerge as the core technology and solutions provider for SMEs in the country. We’re also proud that it would serve as a catalyst for the ecosystems to do the same and create a vibrant pool of talents, industry players and adopters of the technology. We are excited to share our experience in providing AMR solutions training to the universities and to continue working closely with all partners under this program, as we know how big a task this is for all,” Eric said when met at the program’s launch in the Intel PG16 premises.

The launching of the event today featured a line-up of five public and private universities namely; Universiti Malaya (UM), Universiti Sains Malaysia (USM), Universiti Tunku Abdul Rahman (UTAR), Universiti Putra Malaysia (UPM) and Universiti Teknologi Petronas (UTP) that were each awarded with Intel’s Autonomous Mobile Robot (AMR) kits that are instrumental in establishing the universities’ respective Robotics laboratories and will serve to empower students of all faculties to upskill their knowledge and adapt to AMR systems.

Chancellors and deans from universities have expressed their positive support of the programme, citing that the programme will not only benefit youths but will potentially catapult the initiative of enhancing the Autonomous Mobile Robots capabilities among students and lecturers. Through collaboration by Intel and Scuttle Robotics, they managed to produce a robust AMR solution. Considering the driving force behind the demand for AMR robots, the university representatives expressed their confidence that the RoboFun programme is the way forward for Malaysians to address the concern of chronic shortage of skilled workers.

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About Malaysian Investment Development Authority (MIDA)

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About the Malaysia Productivity Corporation (MPC)

Malaysia Productivity Corporation (MPC) is a statutory body under the Ministry of International Trade and Industry (MITI). MPC promotes productivity, quality and competitiveness to the industries and organisations in Malaysia. MPC’s vision is to be the leading organisation in productivity enhancement for global competitiveness and innovation.

About Intel

Intel Malaysia was the first offshore site for Intel Corporation, with more than RM22 billion invested since 1972. Today, Intel Malaysia employs more than 12,000 employees including the country’s largest design and development centre and one of only two Intel shared services hubs supporting HR, Finance, Procurement, IT, and Supply Chain operations to Intel sites globally. Intel Malaysia is also Intel’s largest assembly and test manufacturing site that produces Intel’s latest products utilizing smart manufacturing techniques. © Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

For media enquiries please contact:

MIDA:
Ms. Noor Suziyanti Saad
Director, Electrical & Electronics Division
E-mail : [email protected] | DL: +603 – 2267 3575

MPC :
Ms. Lee Wan Wei
Senior Manager
E-mail : [email protected] | Mobile : +6012 – 295 5105

INTEL :
Mr. Calvin Kwok
Strategic Communications & Higher Education Program Manager,
Public Affairs, Intel Malaysia
E-mail : [email protected] | Mobile : + 6016 – 451 3836

Robofun To Nurture High-Skilled Future Talents


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Kuala Lumpur, 9 January 2023 – AEM, a global leader in test innovation, celebrates the grand opening of its new manufacturing plant in Penang. The new plant comprises a 365,000-square-foot area for assembly, quality assurance (QA), a warehouse, an R&D lab, and more, to develop advanced testing and handling equipment.

This expansion comes on the heels of AEM’s highest recorded nine-month revenue level in history for 9M2022 at SGD$747 million. The new plant will also allow AEM to tap into the region’s growth opportunities and talents and bring its operations closer to existing and new customers.

The plant was officiated by the Chief Minister of Penang, Right Honorable Mr. Chow Kon Yeow, the Deputy CEO Investment Development of MIDA, Ms. Lim Bee Vian, AEM’s Chief Executive Officer (CEO), Chandran Nair, and AEM’s Non-Executive Chairman, Loke Wai San. Guests included Penang State Exco Trade, Industry & Entrepreneur Development, Yang Berhormat Dato Haji Abdul Halim Bin Haji Hussain, the Special Investment Advisor to the Chief Minister of Penang, Dato’ Seri Lee Kah Choon, the CEO of InvestPenang, Dato’ Loo Lee Lian, the Deputy High Commissioner to Malaysia, Mr. Shivakumar Nair, together with other dignitaries. This momentous ceremony also included an exclusive tour of the plant. Almost 400 employees of AEM joined the celebration with the company’s leadership team.

“AEM’s new manufacturing plant in Penang lends credence to our conduciveness as a global semiconductor hub. With half a century of industrialization in its DNA, Penang has navigated numerous up and down cycles, and has emerged stronger from each. Experiencing an upward trend in its exports, Penang contributed an average 29 per cent of Malaysia’s export, and 58 per cent of the nation’s trade surplus over the past five years. In terms of investments, Penang is among the top contributors to the country, garnering RM9.2 billion in approved manufacturing investments from January to September 2022. Particularly, investments from machinery and equipment industry amounted to a total of RM7.3 billion from 2020 to September 2022, represented 57 per cent of the country’s total,” said Right Honorable Mr. Chow Kon Yeow, Chief Minister of Penang, while congratulating AEM for bringing the expansion plan to fruition.

“Riding on the prolific growth of advanced technologies, I am confident that Penang will be benefitting from the semiconductor industry’s long-term outlook. The state, via InvestPenang, is looking forward to working with AEM in accelerating the region’s vibrant electrical and electronics (E&E) ecosystem development, anchoring our status as the Silicon Valley of the East,” added the Chief Minister.

Ms. Lim Bee Vian, Deputy CEO, Investment Development of MIDA said, “AEM’s footprint in Malaysia will be a strategic advantage to Malaysia’s E&E industry, as the company can offer customized testing solutions for the electronics and semiconductor industries.”

“I am certain that this project demonstrates not only AEM’s confidence in Malaysia’s long-term investment propositions but also the thriving state of the manufacturing industry and its ecosystem in Malaysia. The project is a parallel testament of the global investors’ confidence in Malaysia as the preferred investment destination and the local companies’ capability and readiness to support high-profile business ventures and activities,” she added.

“We’re pleased to announce the opening of our new plant in Penang. It allows us to scale up testing and handling capabilities to meet the growing demand for new semiconductor devices. We ensure our customers’ success by continuing to grow our capabilities to deploy quickly at scale. Together with our centre of excellence in Singapore, I believe we will solidify our position as a hub in the region,” said Chandran Nair, CEO of AEM.

Malaysia is an important market as it is strategically positioned in the heart of Southeast Asia. The E&E industry contributes significantly to Malaysia’s GDP growth, export earnings, investment and employment and plays a vital role in the country’s industrial development. From January to September 2022, Malaysia attracted a total of RM22.6 billion in approved investments for the E&E industry.  

As a hub in the semiconductor global supply chain, Penang accounts for 80 per cent of the nation’s contribution to global backend semiconductor output, and over 5 per cent of the world’s semiconductor sales over the last few years.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About AEM

AEM is a global leader in test innovation. We provide the most comprehensive semiconductor and electronics test solutions based on the best-in-class technologies, processes, and customer support. AEM has a global presence across Asia, Europe, and the United States. With manufacturing plants located in Singapore, Malaysia (Penang), Indonesia (Batam), Vietnam (Ho Chi Minh City), China (Suzhou), and Finland (Lieto), and a global network of engineering support, sales offices, associates, and distributors, we offer our customers a robust and resilient ecosystem of test innovation and support. AEM Holdings Ltd. is listed on the main board of the Singapore Exchange (Reuters: AEM. SI; Bloomberg: AEM: SP). AEM’s head office is in Singapore.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

For more information, please contact:
MIDA
Ms. Zakiah Sajidan
Director, Machinery and Metal Technology Division, MIDA
E: [email protected] I T: +603-2267 3628

On behalf of AEM
Ms. Deanna Nabilah
RICE Communications
E: [email protected] I T: +65 8161 6864

InvestPenang
Ms. Yeoh Bit Kun
Head of Communication & Business Intelligence
E: [email protected] | T: +604 646 8833

AEM Opens New 365,000-Square-Foot Manufacturing Plant In Penang


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The new RM700.5 million state-of-the-art regional hub features a manufacturing plant, warehouse, distribution centre, the Vinda Innovation Centre and an office administration block.

16 December 2022, Bandar Bukit Raja: Vinda Southeast Asia (Vinda SEA), a unit of Hong Kong-listed Vinda International Holdings Ltd, officially opens the new Vinda SEA Regional Hub today; situated in Bandar Bukit Raja, Selangor’s industrial township. With an investment of RM700.5 million, the new state-of-the-art mega facility is located on a 30-acre site filled with greenery and comprises a double-storey manufacturing plant with raw material warehouse, an automated finished goods warehouse, a distribution centre, the Vinda Innovation Centre as well as a six-storey administration block.

The regional hub will not only centralise expertise and high-value activities in Malaysia, but also make the group globally competitive through the use of the latest technologies and processes with automation used where possible. The new facility will bring together the enabling technologies at every stage of the supply chain to further enhance effectiveness, increase efficiency and productivity while lowering costs.

At the same time, Vinda SEA will be upskilling its workforce and vendors to meet the requirements of the new technologies, which would also benefit the whole ecosystem of the personal-hygiene industry in the country.

The Malaysian Investment Development Authority (MIDA) commends Vinda Group’s commitment in strengthening their presence with the new SEA Regional Hub.  YBhg. Datuk Wira Arham Abdul Rahman, the Chief Executive Officer, MIDA stated, “Vinda certainly has leveraged their multiple growth enablers of product innovation, human capital upskilling, market expansion and sustainability measures, in addition to the increased support for Malaysia’s vibrant industrial ecosystem.”

“As the market leader for hygiene products in Asia, Vinda remains committed to strategic high-value circular and sustainable paper-based products to provide higher quality products and professional services for their customers. Malaysia’s paper-based products’ capacity is expected to increase exponentially with substantial exports earnings. The country’s existing paper industry players have ventured into advanced production processes and high technology automation, extending their reach even further to provide greater opportunities within the domestic supply chain. The utilisation of 4.0 technologies, features of environmentally-friendly production, as well as efficient monitoring and maintenance adoption will inevitably extend further modern techniques of production within the local industry value chain”, he added. 

Su Ting Nee, President of Vinda Group SEA said, “The investment of more than half a billion Ringgit to set up the Vinda SEA Regional Hub represents Vinda’s commitment to Malaysia and to the state of Selangor. With the new Vinda SEA Regional Hub, we anticipate the production capacity will increase by 20 per cent when another 20-acre site build up is completed and fully in operation. Local talent development is prioritised, and the new facility currently houses over 1,200 staff comprising 99 per cent of local community.”

The regional hub will develop, manufacture, and market three different product categories, namely, baby care, incontinence care, and feminine care.  The company also markets tissue products, while its personal care brands include Drypers, TENA, Libresse, Vinda Deluxe, Dr. P, Tempo, and Tork, which are currently the market leaders. This facility will serve mainly the Southeast Asian market, and support sales to more than 25 countries, with Malaysia being the strongest market.

The new Vinda Innovation Centre is the only one outside of China, equipped with full in-house capabilities with a broad set of experts for R&D, innovation, product and material development. The centre adheres a strict international standards for product development, quality and product safety requirements consistent with practices in Vinda and Essity globally. Essity, a leading global hygiene and health Company is the majority shareholder of Vinda International Holdings Limited.

Together, these components encapsulate a state-of-the art facility with the capability and efficiency of the Fourth Industrial Revolution, which is in line with the Government’s Industry4WRD policy.

In 2017/2018, Vinda SEA was named as one of foreign investors with the highest investment in Selangor and the investment of a new regional hub is testament to the company’s continued commitment in making Malaysia as SEA’s hub for hygiene products.

As of September 2022, a total of 28 projects were implemented with the investment value of RM2.32 billion in Malaysia for sanitary-related disposable products (diapers, baby napkins, sanitary napkins and pads). Vinda Group’s presence in Malaysia represents the portfolio of European and Chinese investment participation, which have been among the top contributors of high value-added investments in Malaysia.

The official opening of the Vinda SEA Regional Hub was attended by YBhg. Dato’ Sri Norazman Ayob, the Deputy Secretary General (Industry) of the Ministry of International Trade and Industry, Li Chao Wang, Chairman of Vinda Group Chairman, Magnus Groth, Chief Executive Officer of Essity, Karen Li, Chief Executive Officer of Vinda , Su Ting Nee, President of Vinda SEA, Ms. Umarani Muniandy, Executive Director of Manufacturing Development (Resource) of the Malaysian Investment Development Authority MIDA and all the company’s Board members from across Europe & Asia.

For more information, visit https://vindagroupsea.com

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About MIDA
MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About VINDA GROUP SEA
Vinda Group SEA is part of VINDA GROUP, one of the largest companies for hygiene products in Asia. The Vinda Group has more than 11,000 employees, and sales are conducted under many strong tissue and personal care brands such as Vinda, Drypers, TENA, Dr. P, Libresse, VIA, Tempo, Tork, Libero and Sealer. Vinda has its headquarters in Hong Kong and is listed on the Hong Kong Stock Exchange, with productions in Mainland China, Taiwan, Malaysia and Australia.

Essity, a leading global hygiene products company from Europe, is the major shareholder of Vinda and since 1st April 2016 has its presence in most of the Asian hygiene market exclusively through Vinda.

Vinda group has 10 key brands across 4 business segments from Tissue, Baby Care, Feminine Care, and Incontinence Care.

As a strategic regional market and key business division, the Group is present in South East Asia with leading positions including having well-loved brands in many countries. Vinda Group SEA supports the regional businesses in Malaysia, Singapore, Indonesia, Thailand, Cambodia, Vietnam and the Philippines. The brands that are available on the region include Drypers, TENA, Libresse, Vinda Deluxe, Dr. P, Tempo, and Tork. The Group’s regional headquarters and commercial/manufacturing hub for South East Asia are located in Malaysia, Selangor, Shah Alam. These include:

  • Two manufacturing facilities awarded with internationally recognized ISO14001 (Environment), ISO45001 (Health & Safety) and ISO 9001.
  • An Innovation Centre Asia with state-of-the-art technology

For more information, visit https://vindagroupsea.com

For media enquiries please contact:

MIDA:
Ms. Manjit Kaur
Director, Food Technology and Resource Based Industries Division
Email: [email protected] | DL: +603-22673509

VINDA GROUP:
Ms. Su Ting Nee
President of Vinda South East Asia
Email: [email protected] | DL: +6012-2043173

Vinda Sea Opens New Regional Hub In Malaysia


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Malaysia Attracted RM193.7 Billion (USD41.7 Billion) Of Approved Investments In January – September 2022

  • Malaysia attracted RM193.7 billion (USD41.7 billion) of approved investments in services (RM113.3 billion or USD24.4 billion), manufacturing (RM64.9 billion or USD14 billion), and primary sectors (RM15.5 billion or USD3.3 billion), an increase of 2.5 per cent as compared to the same period in 2021.
  • Foreign Direct Investments (FDI) remained the major contributor to the total approved investments at 67.5 per cent or RM130.7 billion (USD 28.1 billion), an increase of 15 per cent as compared to the same period last year, while Domestic Direct Investment (DDI) contributed 32.5 per cent or RM63 billion (USD13.6 billion).
  • The People’s Republic of China (PRC) dominated foreign investments totalling RM49.2 billion (USD10.6 billion).
  • Five (5) states that have recorded significant investment value to the total approved investments include Johor (RM63.9 billion) (USD13.8 billion), Wilayah Persekutuan Kuala Lumpur (RM26.1 billion) (USD5.6 billion), Selangor (RM25.7 billion) (USD5.5 billion), Sarawak (RM17.6 billion) (USD3.8 billion) and Kedah (RM12.1 billion) (USD2.6 billion).
  • The approved investments for this period will generate 98,414 new jobs in the country.
  • Malaysia’s services sector secured projects worth RM113.3 billion (USD24.4 billion) for the period January – September 2022, compared to the RM70.4 billion (USD16.8 billion) it gained for the same period in 2021, a major increase of 60.9 per cent.

Kuala Lumpur, 14 December 2022 – Malaysia remains a top investment destination among global investors and a hotspot for business expansion. Investors continue to show confidence to invest in Malaysia as the new premier leadership is focused on strengthening the country’s economic growth and retain Malaysia’s reputation as a stable investment destination.

Malaysia has attracted a total of RM193.7 billion (USD41.7 billion) worth of approved investments in the services, manufacturing and primary sectors involving 2,786 projects from January to September 2022 and is expected to create 98,414 job opportunities in the country. This is a 2.5 per cent increase as compared to the RM188.9 billion (USD45.1 billion) investments approved in the same period last year.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of International Trade and Industry (MITI), stated, “Malaysia’s success in attracting almost RM194 billion of approved investments in the first nine months of the year is a testament of its established standing as a gateway to ASEAN and an investment destination of choice in Asia. Our robust supply chain network, competitive cost structure, simplified business processes, cutting-edge innovation and technology capabilities, and good talent base are key ingredients in attracting investments and driving sustainable growth in this country. Moving forward, MITI and its agencies will ensure that new investment opportunities will also build the appropriate capacity and talent base in targeted industries to develop the nation’s economy in a sustainable manner”

FDI remained the major contributor, at 67.5 per cent or RM130.7 billion (USD28.1 billion), while DDI contributed 32.5 per cent to RM63 billion (USD13.6 billion). It is to be noted that this is a 15 per cent increase as compared to the FDI approved in the same period in 2021.

Of the total investments approved, the People’s Republic of China (PRC) dominated foreign investments totalling RM49.2 billion (USD10.6 billion). This is followed by The United States of America (RM16.9 billion) (USD3.6 billion), The Netherlands (RM16.5 billion) (USD3.6 billion), Germany (RM9.2 billion) (USD2 billion) and Singapore (RM8.7 billion) (USD1.9 billion).

Five (5) states that have recorded significant approved investments include Johor (RM63.9 billion) (USD13.8 billion), Wilayah Persekutuan Kuala Lumpur (RM26.1 billion) (USD5.6 billion), Selangor (RM25.7 billion) (USD5.5 billion), Sarawak (RM17.6 billion) (USD3.8 billion) and Kedah (RM12.1 billion) (USD2.6 billion).

In this period, the services sector assumed a significant role towards driving the country’s economic recovery, accounting for 58.5 per cent of total approved investments with RM113.3 billion (USD24.4 billion). The stellar service sector performance exceeded expectations for January to September 2022, an increase of 60.9 per cent from the achievement attained in the same period in 2021. The manufacturing sector follows this at RM64.9 billion (USD14 billion) or 33.5 per cent and the primary sector at RM15.5 billion (USD3.3 billion) or 8 per cent.

YBhg. Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, said, “Malaysia enjoys a strong reputation internationally and investors have confidence in us. The nation has a solid foundation to provide opportunities for investors. With its favourable business climate, the country is poised to become the next major economic hub. Malaysia offers companies what they need to succeed in the international marketplace by capitalising on its strategic location of the Straits of Malacca, comprehensive industrial ecosystem, dotted with abundant natural resources, and having a young, talented and vibrant population.”

“The Government is working aggressively to attract more high-quality, high-impact, capital-intensive projects in the manufacturing and services sectors. These projects are expected to contribute to the country’s economic growth. The Government focuses on digital economy, energy and high value manufacturing activities such as transport technology which include electric vehicle and its ecosystem that will have a significant economic potential and sustainable long-term growth.”, added Datuk Wira Arham.

Services Sector Takes the Lead

Malaysia is thriving as one of the most technologically equipped economies within Asia. By way of digitalisation, the country has become a hotbed of investment for domestic and international players alike. Digital transformation is imperative for businesses of all sizes and industries. Many businesses are now going digital and equipping themselves for fast expansion. New services have been invented through the invention of the Internet of Things (IoT), artificial intelligence (AI) and cloud computing.

For this period, the services sector accounted for the largest share of the total approved investments, amounting to RM113.3 billion (USD24.4 billion) from 2,167 projects which contributed to the growth of the country’s economy. This is a significant increase as compared to the RM70.4 billion (USD16.8 billion) investments approved for the services sector in the same period last year. A total of 39,772 new jobs are expected to be created in the services sector.

Based on the total approved investments for January to September 2022, foreign investments made up the most significant portion, recording RM69 billion (USD14.9 billion) or 60.9 per cent of the total approved investments for the services sector, while the remaining 39.1 per cent or RM44.3 billion (USD9.5 billion) were from domestic sources.

The information and communications sub-sector dominated the services sector, with approved investments valued at RM69.2 billion (USD14.9 billion) or 61.1 per cent. From the total approved investments of this sub-sector, five (5) Information and Communication Technology (ICT) services which includes data centre and cloud computing services were approved with investments totalling RM60.7 billion (USD13.1 billion) or 87.7 per cent.

Among other performing sub-sectors which contributed to the significant amount of investments approved were real estate (RM16.9 billion) (USD3.6 billion), financial services (RM9 billion) (USD1.9 billion), utilities (RM7.5 billion) (USD1.6 billion) and distributive trade (RM3.7 billion) (USD0.8 billion).

Six (6) sub-sectors showed positive development in terms of percentage increment of approved investments namely information and communications, with an increase of 1,101.1 per cent. Other services follow this with an increase of 244.4 per cent, education services (175 per cent), utilities (15.5 per cent), distributive trade (9.7 per cent) and financial services (3.2 per cent).

Among notable projects approved in the services sector include, data centre projects by Bridge Data Centres Malaysia III Sdn. Bhd., ByteDance System Sdn. Bhd., and YTL Power International Berhad. Such digital infrastructure projects would ignite Malaysia’s growth towards the digital-first economy. Apart from digital investments, other key projects in the services sector include Mamee Double Decker Distribution (M) Sdn. Bhd. (Mamee) which set up their Regional Headquarter Hub to manage supply chain activities across the company’s manufacturing facilities in the region and consolidate distribution of products to countries globally.

Investments by homegrown companies such as Mamee, demonstrates how DDI plays a pertinent role in helping to build the ecosystem of supporting small and medium-sized enterprises (SMEs) and empowering Malaysia’s position of developing capabilities to integrate into a vertically integrated global supply chain.

Manufacturing Sector Remains Competitive

Malaysia continues to attract high-quality investments in the manufacturing sector from January to September 2022, reflecting the country’s competitiveness as a preferred location for investment in the region. The manufacturing sector accounted for RM64.9 billion (USD14 billion) (33.5 per cent) from the total approved investments in various economic sectors, as compared to RM103.9 billion (USD24.8 billion) for the same period in 2021. The approval of a few lumpy projects was cited as the reason for the high total approved investments in the manufacturing sector for same period in 2021.

Of the total approved investments in January to September 2022 for the manufacturing sector, FDI amounted to RM50.2 billion (USD10.8 billion) (77.3 per cent), while domestic investments contributed to the remaining RM14.7 billion (USD3.2 billion) (22.7 per cent).

From the RM64.9 billion (USD14 billion) approved investments in the manufacturing sector, investments for expansion/diversification projects showed positive development with an increase of 51 per cent, totalling RM40.2 billion (USD8.7 billion) in January to September 2022, as compared to the same period in 2021. The remaining RM24.7 billion (USD5.3 billion) were recorded from new projects.

In terms of top-performing industries for this period, electrical and electronics (E&E) leads the manufacturing sector (RM22.6 billion) (USD4.9 billion), followed by transport equipment (RM7.5 billion) (USD1.6 billion), petroleum products (including petrochemicals) (RM5.5 billion) (USD1.2 billion), non-metallic mineral products (RM5.4 billion)(USD1.2 billion), machinery and equipment (RM4 billion) (USD0.9 billion), scientific and measuring equipment (RM3.6 billion) (USD0.8 billion), food manufacturing (RM3.2 billion) (USD0.7 billion) and rubber products (RM3.2 billion) (USD0.7 billion). These industries made up RM54.9 billion (USD11.8 billion) (84.6 per cent) of total approved investments in this sector.

A total of 58,141 potential job opportunities are expected to be created in the manufacturing sector, where it will require 2,631 (4.5 per cent) managerial positions, 6,277 (10.8 per cent) professional/technical and supervisory roles, reflecting the higher value chain transition of the manufacturing sector. The approved manufacturing projects will also require 12,040 (20.7 per cent) skilled employment.

Notable projects approved in the manufacturing sector for this period include:

  • Samsung SDI Energy Malaysia Sdn. Bhd. marked a new milestone when it opened a Phase Two EV battery cell manufacturing facility in Malaysia. The Korean semiconductor giant has invested a cumulative RM7 billion investment with Phase One: RM1 billion and Phase Two: RM6 billion as it chooses Malaysia as its first production location in Southeast Asia.
  • TF-AMD Microelectronics Sdn. Bhd. announced plans to expand its manufacturing facility in Penang with the construction of a second site at Batu Kawan Industrial Park, Penang. With nearly RM2 billion of capital investment, the new manufacturing facility is expected to create more than 3,000 new jobs in advanced semiconductor engineering, design, and process technologies for high-performance computing solutions. The strategic expansion builds on the significant investments TF-AMD has made in Malaysia over the past 50 years that will support the company’s continued growth.
  • Ferrotec Holdings Corporation, a global supplier of materials, components, and precision system solutions, has announced its establishment of the new manufacturing facility at Kulim Hi-Tech Park, Kedah. The plant which will be undertaking electromechanical assembly and advanced material fabrication for semiconductor equipment is designed to meet customer needs while also expanding the Group’s business globally.
  • Smart Glove Holdings Berhad, one of Malaysia’s leading innovative glove manufacturers has expanded their manufacturing capacity with an investment of RM2 billion. Their wide range of medical gloves sourced from nitrile, natural rubber, polychloroprene and other synthetic rubber ensures that the native industry of glove manufacturing in Malaysia remains competitive in the global market.

Primary Sector

The primary sector recorded a total of RM15.5 billion (USD3.3 billion) approved investments (8 per cent) of the total approved investments in the various economic sectors from January to September 2022, as compared to RM14.7 billion (USD3.5 billion) approved investments for the same period in 2021. FDI dominated the primary sector with investments valued at RM11.5 billion (USD2.5 billion) (74.2 per cent), while the remaining RM4 billion (USD0.9 billion) (25.8 per cent) is contributed from domestic sources.

The agricultural sub-sector amounted to RM142.9 million (USD30.8 million) in total approved investments, which is a 760.9 per cent increment from the previous RM16.6 million (USD4 million) investments for the same period in 2021. Meanwhile, the plantation and commodities sub-sector recorded RM109.1 million (USD23.5 million) of approved investments, an increase of 28.7 per cent from the previous RM84.8 million (USD20.2 million) investments for the same period in 2021.

As of November 2022, there are 285 projects with proposed investments of RM19.9 billion (USD4.4 billion) within MIDA’s pipeline; 247 projects are from the services sector (RM13.7 billion) (USD3 billion), while 38 projects are from the manufacturing sector (RM6.2 billion) (USD1.4 billion), all of which fall under MIDA’s purview.

Malaysia’s economy has grown rapidly. Due to ongoing reforms and recent digitalisation efforts, the country is experiencing its strongest recovery since the two-year pandemic that shut down the global economy. In collaboration with MITI, MIDA is actively working to attract investments in targeted industries from all over the globe to upgrade Malaysia’s industrial ecosystem and trade landscape. These initiatives include giving necessary business facilitation and value network to foreign, local, and start-up companies to ensure they can optimise operations in this dynamic market. The Government is eager to help businesses succeed and make Malaysia the ideal place for them to reach their full potential.

The Government remains resilient to discover new growth areas and empower businesses and local communities while upholding the principles of integrity, good governance, and the rule of law, in addition to promoting inclusivity and sustainable development through principles of SDGs and the New Investment Policy (NIP), under the umbrella of the National Investment Aspirations (NIA).

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For media enquiries please contact:

Ms. Fatmah Ahmad
Director, Corporate Communications Division
Email: [email protected] | DL: +603-2267 2428

Investors Show Growing Confidence In Malaysia


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Penang, 12 December 2022 – SUSTIO Sdn. Bhd., a Malaysia-based subsidiary of the semiconductor packaging substrate and HDI Printed Circuit Board (PCB) global leading manufacturer, SIMMTECH, is set to expand its production line in Penang. The second phase of investment, valued at USD50 million, is expected to be completed by the first quarter of 2023. The expansion project will double the HDI PCB production capacity while creating an additional of 400 full-time jobs for Malaysians. Simultaneously, SUSTIO will also be working with local companies to enhance its localisation programme which will further thrive the country’s semiconductor ecosystem.

The Chief Minister of Penang, the Right Honourable Mr. Chow Kon Yeow said, “It is heartening to witness a growing number of investors deepening their roots in Penang. Having announced its presence in mid-2021 and today, an expansion plan, the continued confidence of SUSTIO reaffirms the competent platform in Penang for industry players to thrive. SUSTIO’s expansion not only brings positive spillovers in building local capacities in the PCB and substrate industry, but also plays a pivotal role in stimulating the competitiveness of the semiconductor material cluster in Penang, all of which will strengthen the state’s position in the semiconductor sector.”

Commenting on SIMMTECH’s momentous milestone, YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of International Trade and Industry (MITI) said, “SIMMTECH’s fast-tracked expansion of their subsidiary’s operation in Malaysia proves that the country continues to be a preferred destination for high-value investments, due to our industry’s strategic position in the global E&E value chain, as well as the availability of skilled Malaysian talent in this sector. This expansion project also supports the country’s New Investment Policy (NIP), whose aims include nurturing innovative, high impact and high-tech investments that help create more higher-paying jobs, which is key to the country’s long-term socio-economic upliftment and sustainable growth.”

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), said, “This expansion project is a testament to SUSTIO’s strong confidence in Malaysia, as a preferred investment hub, manifesting the rising trajectory of our economic recovery and the bright prospects for even more robust growth. Leveraging on the country’s comprehensive electrical and electronics (E&E) ecosystem, the capability of our local talent, as well as our matured semiconductor supply chain will definitely support SUSTIO’s long-term growth and provide vital building blocks for the company to expand in the region. We anticipate that SUSTIO’s project will have a ripple effect on job creation as well as the development of our local supply chain capabilities to meet the rapidly changing requirements of our E&E industry segments while encouraging innovation in emerging fields. Thus, MIDA remains committed to growing our E&E and semiconductor industries, working hand-in-hand with our strategic investors such as SUSTIO.”

Mr. Jeffery Chun, Managing Director of SIMMTECH SE ASIA, expressed, “This decision on SUSTIO expansion shows SIMMTECH management team’s strong and determined pledge to invest in Malaysia. The successful opening of the first Malaysia factory in Batu Kawan, which is the rising global semiconductor hub, gave SUSTIO a clear mandate to continue its expansion.”

As outlined in SIMMTECH’s initial business plan, the company’s second phase of expansion is to be carried out over a period of five years. However, acknowledging Malaysia’s business and manufacturing ecosystem’s competitive edge and reputation as the ideal destination for global and regional business expansions, SIMMTECH has decided to advance its future investment plan to 2023.

Earlier this year, SIMMTECH invested USD150 million to complete the SUSTIO’s 18-acre manufacturing site, currently hiring over 1,200 full-time local talents. The company has already started mass production after successfully achieving the major customers’ new site qualification programme.

MIDA and the state of Penang have been supportive of SUSTIO’s investment, providing the best possible facilitation services on administrative guidance and support to strengthen the strategic collaboration with the company. The governments welcomed SUSTIO’s expansion and its continued trust in leveraging Penang’s established foothold as the Silicon Valley of the East

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn, TikTok and YouTube channel. 

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About SIMMTECH 

SIMMTECH is a business group from Korea, focusing on developing and manufacturing semiconductor packaging substrates and high value printed circuit boards. SIMMTECH was found in Korea 1987, currently listed 2 companies in KOSDAQ. SIMMTECH’s sales revenue recorded more than MYR 4 billion last year with around 5,000 employees around the world. SIMMTECH is the largest semiconductor packaging substrate and module/SSD PCB supplier in the memory chip industry and is the only manufacturer that supplies its products to all top 5 memory companies in the industry with its global manufacturing footprints in Korea, Japan, China and Malaysia.

For media enquiries, please contact:

MIDA
Ms. Noor Suziyanti Saad

Director of Electrical and Electronics Division
Email: [email protected]
Tel.: +603 2267 3575

InvestPenang
Ms. Yeoh Bit Kun / Ms. Ooi Phei Wen

Email: [email protected] / [email protected]

SIMMTECH
Ms. Michelle Chun

SIMMTECH SE ASIA
Email: [email protected]

Simmtech to Fast Track USD50 Million Expansion of Subsidiary’s Production Line In Penang to 2023


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  • MoU to drive Malaysian SME Industry 4.0 readiness
  • MoU aims to enhance adoption of cloud-based collaboration for SMEs
  • Partnership to help Malaysian enterprises gain access to global marketplaces

Kuala Lumpur, 6 December 2022 – The Malaysian Investment Development Authority (MIDA) and Collaborative Research in Engineering and Science and Technology Centre (CREST) inked a Memorandum of Understanding (MoU) with Dassault Systèmes Singapore Pte. Ltd today. The partnership aims to create a steering committee to discuss the scope, requirements, roles and plans in supporting Malaysia’s small and medium-sized enterprises (SMEs) in their transformation journey to Industry 4.0 as well as enhancing cloud-based collaboration through adopting world-class Enterprise Resource Planning (ERP) solutions.

Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed, “This timely initiative aims to elevate our local SMEs, and equip them with the latest technology to enhance their business efficiency through adopting world-class Enterprise Resource Planning (ERP) solutions. We take great pride in MIDA’s involvement in this initiative to empower Malaysian firms and SMEs to fortify their technical capabilities and embrace modern technology, thus enabling them to progress and flourish. This day marks the momentous occasion of the Government’s drive to propel industry players, especially domestic players and SMEs, to embrace the new technology and realise its potential by taking on the technological solutions of ERP.”

The ERP solutions will leverage on Dassault Systèmes’ virtual twin technologies via its 3DEXPERIENCE platform, specifically in its computer-aided design software and Product Lifecycle Management (PLM) solutions, which are used in various industries including manufacturing, engineering and life sciences.

Mr. Jaffri Ibrahim, CEO of CREST, said, “The MoU aims to provide a platform that allows Malaysian businesses to thrive in a competitive business environment, post-pandemic. We constantly seek opportunities to collaborate with the Malaysian Government, industry leaders and academia to advance scientific knowledge in the country. In turn, we aim to strengthen homegrown innovation and research while we help local businesses navigate their challenges and opportunities in the new normal.”

“At Dassault Systèmes, we have worked with many successful businesses across the globe to build connected ecosystems that allow them to tap on data to create actionable insights and be competitive and efficient in the digital economy. With enhanced connectivity, Malaysian SMEs can benefit from data-driven decision making, build closer relationships with customers and partners, and continuously improve their operations and processes as they compete in the global business arena,” said Josephine Ong, Managing Director, Asia Pacific South, Dassault Systèmes.

As the manufacturing sector is undergoing a significant transformation with a push to adopt and adapt value-added processes and digitalisation, this partnership will tap on the collective expertise of the parties to help local businesses via a three-pronged approach, namely enabling Industry 4.0 readiness, providing access to the global marketplace and adopting true cloud-based collaboration. The intent is to develop a programme to enhance the efficiency and operations of SMEs in Malaysia with the state-of-the-art Enterprise Resource Planning (ERP) solutions, aimed at integrating business processes and applications.

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my  and follow us on Twitter, Instagram and Facebook, LinkedIn, TikTok and YouTube channel. 

About CREST

CREST (Collaborative Research in Engineering, Science and Technology) is a catalyst and change agent that drives the growth of Malaysia’s Electrical & Electronics (E&E) industry through market-driven research and talent development. While CREST is industry led, its member representation is the triple helix of Government, Industry and Academia. CREST focuses on creating a vibrant Research, Development and Commercialisation (R&D&C) ecosystem by promoting collaboration between the Industry and Academia, with support from variousGovernment organizations. Since its incorporation in 2012, CREST has to date 110 registered members and has supported over 165 R&D projects between industry and academia. For more information, please visit www.crest.my

About Dassault Systèmes Singapore Pte. Ltd

Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production to achieve a more sustainable world for patients, citizens, and consumers.  Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 140 countries.  For more information, visit www.3ds.com

For media enquiries, please contact:

MIDA
Mr. Syed Kamal Muzaffa Syed Hassan Sagaff

Director, Advanced Technology and Research & Development Division
Email: [email protected]
Tel.: +603 2267 3636

CREST
Ms. Geraldine Wong

Tel.: +6011 1166 5086

MIDA and CREST Ink MoU With Dassault Systèmes To Build Malaysia’s SME Industry 4.0 Readiness


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Kuala Lumpur, 6 December 2022 – The United Nations Development Programme (UNDP) Malaysia, Singapore and Brunei Darussalam and the Malaysian Investment Development Authority (MIDA) co-organised the Private Sector Dialogue on the Sustainable Development Goals (SDG) Investor Map, themed “Sustainability Does Matter: Investing for a Better Future” today. The event aimed to engage with industry players in identifying new investment opportunities with potential contribution to SDGs, while generating attractive market returns.

The dialogue, which was officiated by Ms. Usha Rao-Monari, UN Under Secretary-General and UNDP Associate Administrator, has successfully received the crowd from the corporate sector. In her remarks, she stressed on the business case of redirecting funds to climate-sensitive investments. “By venturing into new production and services that contribute to climate solutions, businesses can gain good market returns and be a leader in their respective industries. Now is the time for private businesses and investors to place their bets on climate-sensitive investments – not just to hedge their climate risks but to make real business value from green products and services, and climate mitigation and adaptation solutions.” said Rao-Monari.

This call to action was echoed by Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, the Chairman of MIDA, who expressed, “From the Government’s point of view, the SDG Investor Map will assist in unveiling untapped opportunities that have the potential to spur rapid development. This will provide the Government with a clear direction to focus on new areas that could benefit from policy implementation and provision of resources, such as human capital and capacity-building initiatives.” 

Tan Sri Zakri Abdul Hamid, a former Science Advisor to the Prime Minister and the founding chair of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), who delivered the Keynote Speech at the Dialogue’s plenary session also emphasised the urgency of bold climate actions from the private sector to transform themselves from “business as usual”, while shedding light on business opportunities arising from the net zero goal target that Malaysia has set for itself. “In the face of such gloom and doom, there is not only hope but opportunity.” he said. He highlighted that every USD1 invested in the green economy yields USD4 in benefits, which can be interpreted as another future growth potential for Malaysia. 

As reported by the Global Commission on Adaptation in 2019, it is estimated that a USD1.8 trillion investment in a climate-change adaptation measures are expected to bring a return of USD7.1 trillion in avoided costs and other benefits.

The second half of the event featured three parallel cluster discussions between the private sector stakeholders on renewable energy, green financing, and tech-based climate solutions respectively. The inputs gathered will be fed into the draft inaugural Malaysian SDG Investor Map, a market intelligence tool that guides investors by identifying investment opportunities areas and business models that advance the SDGs. The Map provides insights and tools needed by the private sector to increase their investments towards the SDGs, which inadvertently and significantly contributes to help to fill the financing gap faced by governments to meet the country’s SDGs targets including its climate ambitions. MIDA and UNDP are planning to launch the Malaysian SDG Investor Map in 2023 for a sustainable future in Malaysia for reference by both domestic and international investors.

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

About UNDP

As the United Nations lead agency on international development, UNDP works in 170 countries and territories to help countries develop policies, leadership skills, partnering abilities, institutional capabilities, and resilience to achieve the Sustainable Development Goals. UNDP’s work is concentrated in three focus areas; sustainable development, democratic governance and peace building, and climate and disaster resilience. In line with Malaysia’s position as an upper middle-income country, the Country Office is focused on upstream policies in supporting the design and implementation of Malaysia’s national development priorities as well as sectoral development policies and strategies.

For media enquiries, please contacts:

MIDA
Ms. Surayu Binti Susah

Director, Strategic Planning & Policy Advocacy (Manufacturing) Division
Email: [email protected]
Tel.: +603-2267 6773

UNDP
Ms. Heesu Jeon

SDG Impact Finance Specialist
Email: [email protected]
Tel.: +603 8689 6049

MIDA and UNDP Malaysia Preparing the Malaysia SDG Investor Map to Launch In 2023


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Penang, 6 December, 2022 — Mattel Malaysia Sdn. Bhd. (MMSB) commemorated its 40th anniversary in Malaysia today with the announcement of a plant expansion, expected to be completed in January 2023. Located in Penang, Malaysia, MMSB is the world’s largest Hot Wheels manufacturing plant, with a current average output capacity of approximately 9.0M cars per week. According to Mattel, it expects this targeted, strategic investment to increase manufacturing capacity, improve productivity, and leverage technological capabilities, while reducing cost and enhancing operational efficiencies. The plant expansion will support Hot Wheels growth, and MMSB expects a 20% increase in production capacity by 2025.  

Established in 1981 in Perai, Penang, MMSB was Mattel Inc.’s (NASDAQ: MAT) first manufacturing plant in Malaysia. Malaysia plays an important role in Mattel’s supply chain for the company’s manufacturing, tooling, and commercial operations. According to Mattel, MMSB currently employs almost 3,900 workers and has consistently invested in and upskilled its workers, while hiring talent with technical backgrounds. The plant expansion is estimated to increase the total workforce by approximately 10% to nearly 4,300 employees at MMSB. This expansion will also benefit Mattel Development and Tooling Sdn. Bhd. (MDT). MDT, established in 1985, is Mattel’s second manufacturing plant in Malaysia and a state-of-the-art facility for product development, digital model making, mould design, and manufacturing.  

Chief Minister of Penang, YAB Tuan Chow Kon Yeow, stated, “We are proud that Mattel continues to invest in Penang as a key destination within its global supply chain. This is a strong indication of the state’s efforts and commitment to developing a welcoming environment for industry players and positioning the state at the forefront of industrialisation.” He added: “Throughout the years, Mattel has also succeeded in developing a thriving ecosystem for the toy industry in the Perai Free Trade Zone, across industries. It is heartening to see the positive spillover effects that Mattel has brought to the homegrown companies.”

Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), stated: “I want to extend my heartiest congratulations to Mattel Malaysia on their latest corporate milestone. Malaysia has a vibrant ecosystem that supports companies in their innovation journey. We look forward to Mattel Malaysia’s continued growth and contributions to the nation’s economy.”

He added, “Malaysia aims to distinguish itself as the country of choice for manufacturing location in Southeast Asia based on a variety of intangible factors, including our established pro-investment policies, reliable supply chain and industrial ecosystem, and conducive business environment. Our highly skilled workforce also provides a pipeline of talent to support the front, middle and backend operations.”

Ching Chiau Lee, General Manager, MMSB, stated, “Today, we celebrate and reaffirm our long-term presence in Malaysia. Over the last 40 years, we have succeeded in developing a thriving ecosystem for the local industry in the Perai Free Industrial Zone across industries such as packaging, paint, material supplies, and machine design.”

Ms. Ching continued, “MMSB plays an important role in our global supply chain operations, providing a strategic footprint in the region and supporting our transformation strategy for growth as an IP-driven, high-performing toy company. We are excited for our future as we continue to exemplify progress in the technology-driven Malaysian manufacturing sector.” 

In conjunction with Mattel’s continued investment and commitment to its Malaysian operations, Steve Totzke, President and Chief Commercial Officer of Mattel, announced that Hot Wheels will be collaborating with PROTON, Malaysia’s iconic national automotive brand, to produce a 1:64 scale model of a Proton SAGA, the first model manufactured by PROTON. 

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube.

For more information, please contact: 

MIDA
Ms. Rozita Binti Ibrahim
Director, Building Technology and Lifestyle, MIDA
Email: [email protected] | DL: + 603- 2267 3479

Mattel Malaysia Celebrates Its 40th Anniversary and Announces Plant Expansion to Be Completed In January 2023


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Powering Semiconductor Growth During These Challenging Times

Kuala Lumpur, 6 December 2022 – The Malaysia Semiconductor Industry Association (MSIA) with support from the Malaysian Investment Development Authority (MIDA), Electrical and Electronics Productivity Nexus, the Malaysia Productivity Corporation (MPC) and SEMI hosted a forum today on ‘Malaysia National Electrical and Electronics (E&E) Forum 2022’. The forum, going by the theme of “Powering Semiconductor Growth During These Challenging Times”, was held physically at MIDA Sentral and broadcasted online and successfully gained over 300 participants, represented by manufacturers, service providers and potential investors.

Officially inaugurated by Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (Deputy CEO) of Investment Promotion and Facilitation, MIDA, the forum was also attended by Dato’ Seri Wong Siew Hai, President of MSIA and Mr. Bertrand Stoltz, Executive Vice-President Asia Public Affairs and Managing Director Singapore STMicroelectronics Asia-Pacific Pte. Ltd.

During his opening remark, Mr. Sivasuriyamoorthy Sundara Raja, Deputy CEO of Investment Promotion and Facilitation, MIDA expressed, “MIDA is committed to building resilient and sustainable electronics supply chain in Malaysia and the ASEAN region. We pursue high-quality and technology-driven investments to boost socio-economic development. Apart from local industry players, we are expanding the benefits of our manufacturing ecosystem to global businesses and brands. With the prospect of a mutually advantageous partnership with MSIA, MIDA is assured that its endeavours to advance Malaysia’s E&E industry will be a resounding success.”

Dato’ Seri Wong Siew Hai, President of MSIA is confident that the E&E sector will be one of the key beneficiaries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). In his welcoming remarks, he emphasised that Malaysia also must seize the opportunities arising from CPTPP which come into effect on 29 November 2022.

Mr. Bertrand Stoltz, Executive Vice-President Asia Public Affairs and Managing Director Singapore of STMicroelectronics Asia-Pacific Pte Ltd was the Keynote Speaker and showcased how ST is leading the industry in sustainability with creating technology for a sustainable world in a sustainable way.

The Forum was divided into two panel discussions.  The first panel discussion was on ‘CHIPS and Science Act and US Restrictions’ with panelists including Mr. Jimmy Goodrich, Vice President of Global Policy, Semiconductor Industry Association; Mr. Randy Abrams, Managing Director, Head of Taiwan Research and Asia Semiconductors, Credit Suisse and Mr. Jan Thomas Nicholas, Executive Director, Consulting – Semiconductors, Deloitte Consulting (SEA) Sdn. Bhd.

The second panel discussion revolved on the topic of ‘Sustainability in the E&E Industry’ with panelists including Mr. Vishwanath Ramaswamy, Vice President, General Manager of Western Digital Batu Kawan Manufacturing Operations; Mr.     

Ibrahim Ariffin, Climate Change and Sustainability Services, Ernst & Young Consulting Sdn. Bhd.; Dr. Mousumi Bhat, Vice President of Sustainability Programs, SEMI and Mr. Chan Kim Beng, Senior Advisor, Delivery Centre of Excellence, Global Sales Learning & Development, Dell Technologies. Both the sessions were moderated by Ms. Wong Shou Ning, Business Radio Presenter.

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About MSIA

Malaysia Semiconductor Industry Association (MSIA) is an industry association which cover individuals and companies incorporated in Malaysia who are involved directly or related to Semiconductor Industry (Electronics and Systems), Semiconductor Industry supply chain, institutions providing significant related services to semiconductor industry such as engineering, finance, legal and those societies, associations, chambers and government – linked agencies. For more information, please visit http://www.msia.org.my.

For media enquiries, please contact:

MIDA
Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division
DL: +603-2267 3575 | Email: [email protected]

MSIA
Ms. Nur Aliah Manshor
Email: [email protected]

Malaysia National E&E Forum 2022


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Perak, 24 November 2022 – EVE Energy Co., Ltd. (EVE), a China-based lithium battery production company, through its subsidiary EVE Energy Malaysia Sdn. Bhd., is set to build a cylindrical battery production base in Malaysia to support the electric two-wheelers and power tools manufacturing enterprises in the country and across Southeast Asia.

The Company’s significant milestone with a projected investment amounted to USD422.3 million, will enhance its comprehensive competitiveness for the electric two-wheeled vehicle and power tool in the global market share. The project will be constructed in phases with a construction period of no more than three (3) years.

In welcoming EVE to spur the growth of cylindrical lithium battery industry in Malaysia, Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), expressed, “We are delighted to have EVE setting up its manufacturing operation in Malaysia. The transition to electric vehicles (EV) will be one of the most significant shifts in our automotive sector in generations. The full-fledged cylindrical lithium battery ecosystem resonates well with the National Investment Aspirations (NIA) and National Automotive Policy 2020 (NAP2020), in stimulating and synergising the country’s EV ecosystem specifically for EV battery production. Equipped with highly-skilled talents and proficient technology experts, Malaysia is certainly a conducive and an ideal location for the success of EVE’s investment.”

Currently, EVE is evaluating several sites to set up its manufacturing facility in Malaysia, including a few potential locations in the state of Perak.

Izran Abdullah, CEO of InvestPerak, highlighted, “Equipped with good infrastructure, abundant natural resources, sufficient high-skill talents, matured industrial ecosystem, and competitive cost of doing business, Perak has a huge potential to become a new focus investment destination. Strategically located between Penang and Selangor, the two economy powerhouses in Malaysia, Perak gains the advantages from the economic spill over from both states and always ready to support industrial expansion and supply chain.”

Joe Chan, the representative director of EVE Energy Malaysia Sdn. Bhd., said, “We have long history in the field of green energy and our goal is to provide customers with high quality batteries. In the past few years of rapid development, EVE becomes the world’s leading lithium primary battery brand and is ranked No. 1 in China. Last year, EVE was ranked no. 12 in Fortune Future 50 and recognised as a top market player in the green energy ecosystem. At this moment, this is an important milestone of EVE to expand our business to Malaysia and enhance our global market share in the electric two-wheeled vehicle and power tool batteries market. The establishment of EVE Energy’s cylindrical battery production base in Malaysia will help to supply high quality batteries to companies in the country and Southeast Asia.”

EVE was established in 2001 and listed in 2009. After 21 years of rapid development, the company has now become a multinational company focusing on lithium battery powering solutions. Offering core technologies and comprehensive solutions for consumer batteries and power batteries, EVE’s products are widely used in the areas of internet of things (IoT) and the Energy Internet and its lithium-ion batteries are supplied to global first-tier brands. The company has also become one of the top 10 companies in the world in terms of power battery installed capacity, working along with international automakers such as BMW, Daimler, Hyundai and Jaguar Land Rover. Its global sales foundation footprint has expended to the United States, Germany, Malaysia as well as other regions.

MIDA has approved 25 projects totalling RM10.69 billion in the EV and its related ecosystems from 2020 to June 2022. The approved investments include the activity of EV assembly, manufacturing of EV parts and components and its charging components.

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn, TikTok and YouTube channel. 

About InvestPerak

Perak Investment Management Centre (PIMC) also known as InvestPerak, was established in January 2006 to serve as the ‘First Point of Contact for Investors’ in the manufacturing and selected services sectors in Perak. It primarily acts as the principal investment promotion agency of the Perak State Government and reports directly to the YAB Menteri Besar Perak. Perak State Government have mandated InvestPerak as secretariat for Centre of Investment (COI), which empowered the function of InvestPerak as facilitator in assisting investors to invest in Perak. To facilitate the implementation of investment projects in Perak, [email protected] has the authority to issue ‘Fast-Track Letter’ for strategic projects, which put the investment projects as a priority for all relevant agencies in their approval process. Apart from that, InvestPerak complements the role that the Malaysian Investment Development Authority (MIDA) plays at the Federal Government level, in terms of investment promotion and relevant incentives offering. InvestPerak also work closely with other related government departments and agencies, business chambers and industrial associations to ensure that the industries in Perak continue to grow and flourish.

About EVE Energy Malaysia Sdn. Bhd.

EVE Energy Malaysia Sdn. Bhd. is wholly owned by EVE Energy Co., Ltd. through its subsidiary EVE Asia Co., Ltd. Relying on its domestic manufacturing advantages and operational experience, EVE will build a cylindrical battery production base in Malaysia to support the electric two wheelers and power tools manufacturing enterprises in Malaysia and Southeast Asia. This is an important milestone of EVE to expand global business, enhance its comprehensive competitiveness and global market share in the electric two wheeles vehicle and power tool market. The top management team places much focus in the project, and it will further enrich the global industrial layout of EVE.

Media Contacts

MIDA
Mr. Nazuki Abdullah

Director, Transportation Technology Division
Email: [email protected]
Tel.: +603-2267 6688

InvestPerak
Mr. Mohamad Noor Arif

Investor Relations Manager
Email: [email protected]
Tel.: +6013-4475312

EVE Energy Malaysia Sdn. Bhd.
Mr. Joe Chan

Director
Email: [email protected]
Tel.: +852-2195 3966

EVE Energy Is Set to Build A Cylindrical Battery Production Base in Malaysia


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Kuala Lumpur, 23 November 2022 – The Malaysian Investment Development Authority (MIDA) and the Malaysian Plastics Manufacturers Association (MPMA) co-organised the MIDA-MPMA Conference on Government Assistance at MIDA’s headquarters today. The Conference was attended by 100 participants. The Conference was organised to provide an insight to participants on various government policies, facilitations and assistance for the manufacturing sector specifically the plastics industry.

The Chief Executive Officer of MIDA, Datuk Wira Arham Abdul Rahman in his keynote address, highlighted “MIDA has proactively taken the initiative to ensure investors to have the necessary access to the right infrastructure, proper facilities and skilled talent to cater to the requirements of businesses. As the plastics industry continues to grow, it is important that companies, particularly the SMEs, focusing on innovation and raise productivity to compete and capture new opportunities. Among the initiatives and assistance provided by MIDA to manufacturers of plastics products include the Smart Automation Grant Industry4WRD Intervention Fund, Automation Capital Allowance (ACA) and Domestic Investment Coordination Platform (DICP). Besides innovation, companies have also adopted automation by leveraging on ACA to increase productivity and address challenges in a tight labour market.”

“Malaysia is committed to achieve net zero carbon by 2050 and for this, MIDA is working closely with MPMA to also drive industry collaboration and understand the demand and supply of recycled plastics resources. Companies should look for practical ways to recover resources where possible and channel them back into production” added Datuk Wira Arham.

Speaking at the opening of the Conference, Datuk Noraini Soltan, Vice-President of MPMA said that the plastics industry continues to face tremendous challenges including shortage of labour, increase in cost arising from the increase in minimum wages and rising interest rates as well as a slump in overseas demand, particularly, from the developed countries which are experiencing economic slowdown.

“Moving forward, it is unavoidable for the plastics manufacturers to shift towards high technologies and factory efficiency to reduce their dependency on foreign workers and low skilled labour. Investing in the latest technology and human skills is one of the options for companies to continue to move up the value chain. The ability of the plastics industry to produce high quality products at competitive prices will strengthen our role as a supporting industry, and in turn attract more foreign direct investments. As investing in high technology and automation is a long-term process and given the fact that 90 per cent of plastics companies are SMEs, continued assistance and support from the Government in the form of grants, incentives and financing is crucial. This will enable more plastics companies to have sufficient resources to invest in advanced machinery and new product development for sustainable growth,” said Datuk Noraini.

At the Conference, Datuk Noraini said that the industry is very fortunate to be able to learn from knowledgeable and resourceful speakers on the various types of Government assistance and facilitations. “We hope that participants would have obtained useful information which will assist employers to formulate strategies to make changes to your business models, operations and move up the value chains via this Conference,” concluded Datuk Noraini.

The MIDA-MPMA Conference on Government Assistance featured sessions by speakers from MIDA, Inland Revenue Board of Malaysia (IRBM), Malaysian Industrial Development Finance Berhad (MIDF), Malaysia External Trade Development Corporation (MATRADE), Ministry of Science, Technology and Innovation (MOSTI), United Overseas Bank Limited and TalentCorp Malaysia.

Malaysian plastics products exhibited resilience through the pandemic and continue a steady growth due to their properties and functionality as one versatile material despite the COVID-19 pandemic. As of June 2022, 33 projects were approved in this sub-sector with an accumulated investment of RM503.5 million.

Moving ahead, the synergies between MIDA and MPMA would continue for years to come to help in accelerating Malaysia’s advancement in the plastic industry.

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

About MPMA

The Malaysian Plastics Manufacturers Association (MPMA), established in 1967, is a progressive trade association providing leadership and quality service to its members and the plastics industry.  MPMA is the official voice of the Malaysian plastics industry, representing its members and the industry in Government interaction, spearheading the plastics industry’s growth and providing the platform to assist members in being globally competitive. MPMA currently has about 750 members comprising Ordinary members, which represent about 60 per cent of plastics manufacturers in the country and account for 80 per cent of the country’s total production of plastic products, as well as Associate members who are mainly raw material and machinery suppliers.

Media contacts:

MIDA
Ms. Siti Halimaton Mohd. Rejab

Director, Chemical and Advanced Materials Division
Email: [email protected]
Tel.: +603-2267 6701

MPMA
Mr. SC Chan
Manager, MPMA
Email: [email protected]
Tel: +603 78763027

MIDA and MPMA Co-Organises Conference to Highlight The Various Government Facilitations For The Plastic Industry


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Johor Bahru, 23 November 2022 – Sun Bus Tech Sdn. Bhd. (‘Sun Bus Tech’), a bus and bus body manufacturing company owned by the Sun Wah Group, has officially established its Headquarters, the first bus body manufacturing and assembly facility during a grand groundbreaking ceremony held at Senai Airport City, Johor today. The project is aimed to provide high technology, quality economical services and products in the public transportation industry in stepping up its efforts to realise sustainable and fuel-efficient vehicles.

In welcoming Sun Bus Tech to be part of Malaysia’s development in the automotive industry, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman said “The investment by Sun Bus Tech is the kind of investment that Malaysia aims to attract and anchor. This investment project will create job opportunities for more than 200 jobs ranging from manufacturing front liners to managerial positions as it is set to commence in Quarter 3 2023.”

“Malaysia is a strategic and ideal sustainable investment destination for investors of EV-related industries to enter the Southeast Asia market. Besides the Malaysian Government’s EV policies, the continuation of new model launches of electric vehicles will contribute to the EV market growth in the country, in line with the Government’s strategic policy such as the National Investment Aspirations (NIA). We also believe Sun Bus Tech will be able to realise our country’s aspiration for a cleaner and sustainable environment, which is in line with the Environmental, Social and Governance (ESG) principle” added Datuk Wira Arham.

The manufacturing of Sun Bus Tech will involve a total of up to 4 production lines which is estimated to produce more than 300 units of commercial vehicles a year. In line with the company’s vision of building sustainable and environmentally friendly products, Sun Bus Tech will be setting up automation feature in both its production and warehouse. The office and factory buildings will be installing solar panels, solar reflective glass to reduce energy consumption and adopting rainwater recycling in efforts to protect the environment.

Focusing on bus body manufacturing, Sun Bus Tech is the new name that was carried out by the industry pioneer Mr. Phang Sun Wah, Founder and Chairman of Sun Bus Tech, who has more than 50 years of solid experience started in the 70s said “It is our goal to contribute to a better living environment by enabling high quality, sustainable, emission-free and affordable public transport. With its technological know-how, the company has accurate structural design and competency to design bus bodies that can be assembled onto various types of chassis according to customers’ specifications.”

“Our vision is simple. We want to deliver economical, reliable, and progressive solutions to the demand of sustainable public transport. We play our part to contribute to a better living environment” added Mr. Phang Sun Wah.

Sun Bus Tech has collaborated with a Swiss partner, Carrosserie Hess AG, a leading aluminium bus body solution provider and supplier. Through this joint venture, its main objective is to enhance the manufacturing processes even further by adopting the technology from Europe which will be more durable and easier to maintain.

“We strive to provide the best quality, through proper product concept research, product planning, development, testing and its aftersales maintenance services. With the latest joint-venture with our Swiss partner, a leading aluminium bus body solution provider and supplier (Carrosserie Hess AG), we are confident that our product, adopting top technology from Europe, is long-lasting, energy-efficient, recyclable, corrosion resistant and easy for maintenance” said Ms. Shyan Phang, Chief Executive Officer of Sun Bus Tech.

Malaysia is the third largest automotive market in ASEAN, making the automotive industry a strategic perk to the country’s manufacturing sector. There are currently more than 30 manufacturing and assembly plants in Malaysia for motor vehicles which consists of passenger vehicles, commercial vehicles, motorcycles, and scooters; as well as a huge pool automotive parts and components manufacturers. MIDA being the prominent promotion body representing the Government, will strive to facilitate and provide end-to-end support towards the Company’s project implementation and its future expansions moving forward.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into Malaysia’s manufacturing and services sectors. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a solid and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn, TikTok and YouTube channel.

Media Contact

MIDA:

Mr. Nazuki Abdullah
Director, Transportation Technology Division
Email: [email protected]
Tel.: +603- 2267 6688

Sun Bus Tech Chooses Johor To Establish Its Headquarters, The First Ever Body Manufacturing & Assembly Facility


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Venture into e-mobility in line with Ni Hsin’s drive toward environmental, social and governance (ESG) agenda

Kuala Lumpur, 22 November 2022 – Ni Hsin EV Tech Sdn Bhd (“NH EV TECH”), a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (“Ni Hsin” or the “Group”; Bursa: NIHSIN, 7215), today launched its TAILG EBIXON EV Motorcycles (“TAILG EV Motorcycles”). The Company unveiled two models of its TAILG EV Motorcycles in the personal and commercial categories: the TAILG EBIXON BOLD and TAILG EBIXON TORQ. These TAILG EV Motorcycles are imported and assembled at the Company’s manufacturing facilities in Seri Kembangan, Selangor Darul Ehsan.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, commented that, “The production or assembly activities of Ni Hsin reflects the competitiveness of our local company at presenting themselves as one of the innovative leaders of electric vehicles. This is also in line with the Government’s commitment in developing the EV technology ecosystem as outlined in the National Automotive Policy (NAP) 2020.”

“Despite thriving to positioning Malaysia as a Regional Hub for the production of EV, the country is also heading towards the aspiration of reducing the carbon emission from vehicles. As highlighted in the Low Carbon Mobility Blueprint (LCMB) 2021-2023, the government is promoting the use of EVs and other low-carbon transportation choices to lower greenhouse gases (GHG) emissions in the country and aiming to be a significant participant in the regional electric mobility market from 2030 onwards.”, added Datuk Wira Arham.

Malaysia is a strategic and ideal sustainable investment destination for investors of electric vehicles (EV) related industries to enter the Southeast Asia market. To encourage the use of EVs, the government is providing incentives in the form of direct and indirect tax relief for the assembly or manufacturing of electric vehicles, parts and the development of EV ecosystems such as charging facilities. Leading by example, the government is also expected to adopt EVs in government and government-linked company (GLC) fleets.

Mr. Khoo Chee Kong, Managing Director of NH EV TECH, said, “We cannot emphasise the importance of our collaboration and cooperation with Dongguan Tailing Motor Vehicle Co., Ltd, which has been instrumental in realising such a breakthrough. We envisage a significant surge in demand for EV motorcycles in Malaysia and the ASEAN region in the near term. Our target is to sell 15,000 units of TAILG EBIXON EV Motorcycles a year over the next three (3) years. We have signed a Memorandum of Agreements with several esteemed organisations to assist us in the marketing, promoting and distribution of TALG EV Motorcycles.”

In light of global warming, EV motorcycle makes perfect sense. The pandemic has brought about a spike in e-commerce and hence the demand for delivery services. EV motorcycles are more energy efficient as they convert 77 percent of electrical energy from the grid. The running cost and maintenance of EV motorcycles are 70 percent cheaper than ICE motorcycles. Environmentally beneficial businesses could expect to reap huge dividends.

The carbon markets turn CO2 emissions into a commodity by giving it a price. These emissions fall into one of two categories: carbon credits or carbon offsets, and they can be bought and sold on a carbon market. In the case of the manufacture and sale of EV motorcycles, an organisation generates a carbon offset which can be sold to other companies to reduce their carbon footprint. The country’s stock exchange marketplace, Bursa Malaysia, will open a voluntary carbon market (VCM) exchange by the end of 2022. These will help boost transparency and allow entities to buy carbon credits to offset their emissions. The new Bursa Malaysia VCM exchange will boost investments in high-quality offsetting projects such as planting trees or shifting to cleaner fuels.

From 2020 to June 2022, MIDA approved 25 projects worth RM10.69 billion to expand EV and its related ecosystems. The investments are channelled into EV parts and components manufacturing and assembly.

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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into Malaysia’s manufacturing and services sectors. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a solid and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn, TikTok and YouTube channel.

About Ni Hsin
NI HSIN EV TECH SDN. BHD. (NH EV TECH) is wholly-owned subsidiary of NI HSIN GROUP BERHAD, a public company listed on the main board of Bursa Malaysia Stock Exchange. NH EV TECH is in the business of manufacturing, assembling, promoting and marketing of all kinds of electric vehicles (EV) and accessories and development of concepts, facilities and fittings using EV battery systems for the delivery industry. The focus of NH EV TECH is in smart mobility and its applications with safer and more efficient charging in a sustainable and environmentally-friendly model.

Media Contact

MIDA:
Mr. Nazuki Abdullah

Director, Transportation Technology Division
Email: [email protected]
Tel.: +603- 2267 6688

Ni Hsin:
Ms. Jazzmin Wan

Email: [email protected]
Tel: +60 17-289 4110

Ni Hsin Launches Electric Vehicle Motorcycles in Malaysia


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Penang, 14 November 2022 – The Malaysian Investment Development Authority (MIDA) and the Association of Malaysian Medical Industries (AMMI) today released the AMMI Medical Device Industry Status and Outlook 2021/2022 Report for the first time in Penang. This year’s Report highlights Malaysia’s medical device industry’s remarkable resilience in the face of COVID-19 pandemic challenges.

According to AMMI’s analysis, 10 (ten) out of the top thirty (30) global medical technology companies have established manufacturing footprints here. Along with Puerto Rico, Ireland and Costa Rica, Malaysia is now regarded as one of the world’s top offshore manufacturing hubs for medical devices. Today, close to 300 medical device manufacturing companies make up Malaysia’s vibrant medical device industry, undertaking a variety of activities ranging from regional headquarters and manufacturing to research and development (R&D).

During the press conference, Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) highlighted “Since 2015, AMMI has collaborated closely with MIDA to foster the development of the country’s medical device industry, and it has made it a priority to help its members to have a positive experience operating their businesses in Malaysia. AMMI has continued to be the primary conduit for investor facilitation for its members notwithstanding the industry’s difficulties. AMMI has helped the industry’s major companies organise training programmes, which have benefitted 2,647 Malaysians and increased their chances of securing better jobs.”

“AMMI’s optimism in Malaysia’s future has led to deeper ties between the two organisations, AMMI is among MIDA’s closest strategic partners. AMMI has helped promote Malaysia as a prospective investment destination in this region and Asia, attracting the attention of major international firms in the medical device industry. MIDA also plays the role of mediator between the companies and local regulators, ensuring the quality standards and requirements match the global demand,” added Datuk Wira Arham.

AMMI Chairman, Mr Andy Lee, expressed “Malaysia will continue to attract more foreign direct investment in medical device manufacturing with the Ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) recently. AMMI believes that the industry has the potential to scale even further and capitalise on the global medical device market, which is expected to reach USD745 billion by 2030. In the pandemic era, AMMI members’ investment levels in Malaysia continued to grow, signalling their unwavering confidence in Malaysia. 63 per cent of our members indicate future development plans, and this trend is expected to continue in the coming years. The best is yet to come.”

Demonstrating confidence in Malaysia’s viability as a MedTech hub, AMMI members have continuously increased their investments year after year. AMMI survey respondents plan to invest a collective amount of RM1.4 billion in expansion, RM389 million in new products and RM158 million in new research and development (R&D)/centre of excellence (COE) and Industry 4.0.

According to the report, AMMI members collectively sourced RM3.92 billion of raw materials and services from local suppliers and small and medium-sized enterprises (SMEs) within the country. To strengthen the medical device ecosystem by achieving supply chain resilience, AMMI will organise the inaugural Malaysia MedTech Industry Summit on 1 December 2022 in Penang. The summit will serve as a platform for local suppliers to connect with medical device manufacturers.

Reflecting Malaysia’s long-term growth, MIDA will continue to work with reputable associations such as AMMI to ensure the nation remains welcoming for more investors as it pursues to roll-out game-changing measures while attracting high-quality investments that generate high-income jobs, increase export value and strengthen Malaysia’s domestic supply chain ecosystem .

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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Association of Malaysian Medical Industries (AMMI)
Persatuan Industri Perubatan Malaysia

马来西亚医疗器械行业协会

Since its establishment in 1989, the Association of Malaysian Medical Industries (AMMI) has been recognised as the voice of Malaysia’s medical device industry. AMMI’s vision is to make Malaysia the preferred global manufacturing and services location for medical technology. AMMI is represented by 84 members of reputable multi-national and local companies involved in developing and manufacturing medical device products, equipment, and services in Malaysia for the healthcare industry. Collectively, AMMI’s members account for over 50% of the country’s total export revenue for medical devices, employing more than 39,000 workforces.

Sejak penubuhan pada tahun 1989, Persatuan Industri Perubatan Malaysia (AMMI) telah diiktiraf sebagai suara industri peranti perubatan Malaysia. Visi persatuan adalah membina Malaysia sebagai salah satu pusat pembuatan dan perkhidmatan sedunia bagi industri teknologi perubatan.

AMMI mewakili 84 ahli syarikat bertaraf dunia termasuk multi-nasional dan syarikat tempatan dalam aktiviti pembangunan dan pembuatan peranti perubatan di Malaysia untuk dibekalkan kepada industry kesihatan sedunia. Eksport keseluruhan ahli AMMI mewakili lebih 50% eksport peranti perubatan di Malaysia dan menggaji lebih daripada 39,000 pekerja.

马来西亚医疗器械行业协会创会于1989年,是马来西亚医疗器械行业业者的代表。协会的目标是促进马来西亚成为全球医疗科技的制造与服务基地。
马来西亚医疗器械行业协会有84名会员公司,代表国际和本地的医疗器械厂商。会员公司的医疗器械总出口量超过马来西亚医疗器械一半的总出口量。马来西亚医疗器械行业协会的会员公司也为业界提供了超过三万九千个工作机会。

For more information, please contact:

MIDA :
Puan Azlina Hamdan
Director, Life Sciences & Medical Technology Division
Tel: 03-2267 3791
Email: [email protected]

AMMI :
Mr. Andy Lee李光明
Chairman
Tel: +6019 – 3833 157

Mr. CS Ching 庄骏雄
Executive Director
Tel : +6012 – 4766 558
Email : [email protected]

MIDA and AMMI Launched Medical Device Industry Status & Outlook 2021-2022 Report – Malaysia Dazzles as a World Leader in Medical Device


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PENANG, MALAYSIA (14 Nov 2022) – Boston Scientific Corporation (NYSE: BSX), a global leader in medical device technology, today unveiled a new expansion of its operations in Batu Kawan, Penang. The expansion is expected to enable approximately 300 jobs in the coming years and includes a 110,000 square foot global distribution center.

In support of the company’s commitment to achieve carbon neutrality in all manufacturing and key distribution sites by 2030, the new facility will be partially powered by solar panels and use a power monitoring system for energy efficiency. Additionally, the new facility includes a rainwater harvesting system for indoor and outdoor use. Combined, these initiatives form part of a strategy for the facility to achieve Leadership in Energy and Environmental Design (LEED) Gold certification in the near future.

The global distribution center was ceremonially opened by Penang Chief Minister, the Right Honourable Mr. Chow Kon Yeow. Joining him at the event was the Malaysian Investment Development Authority (MIDA) Chief Executive Officer, Datuk Wira Arham Abdul Rahman, as well as Special Investment Advisor to the Chief Minister of Penang, Dato Seri Lee Kah Choon, and InvestPenang Chief Executive Officer, Dato Loo Lee Lian.

“In 2017, the first Boston Scientific manufacturing facility in Asia was opened in Penang,” said the Right Honourable Mr. Chow Kon Yeow. “Today, the state is proud to be selected as the location for the company’s first global distribution center in the region. This expansion has greatly demonstrated the dynamic and supportive ecosystem the state holds, which enables companies to deepen roots and widen portfolios in Penang and across Asia. The state, via InvestPenang and other agencies, strives to uphold our competitive edge, which is buoyed by 50 years of excellence, towards greater potential going forward.”

The new facility is the third global distribution center for the company and the first located in Asia, shipping medical devices within Malaysia and around the world. In addition to manufacturing roles, the site will employ professionals in knowledge-intensive regional supply chain roles such as planning, logistics, customer care and equipment service repair. As such, Penang will be key to the company’s global supply chain network, serving as a hub for Asia Pacific markets and supporting ongoing global business continuity and resilience.

“The unveiling of the new Boston Scientific distribution facility will strengthen the company’s position as a global services hub in this region,” said Datuk Wira Arham Abdul Rahman. “This reaffirms Malaysia as a strategic location to support the company’s end-to-end supply chain operations, from managing procurement and sales to the worldwide distribution of highly regulated medical devices. Malaysia is an ideal location for multinational corporations such as Boston Scientific to better manage and serve their customers and global supply chain networks due to its well-developed infrastructure and availability of a dynamic and skilled workforce.”

Boston Scientific has had a strong manufacturing presence in Penang for over five years. More than 7 million medical devices have been produced at the site this year, including diagnostic and therapeutic technologies such as biopsy forceps, balloon angioplasty products and laser fibers.

“This expansion builds on our end-to-end supply chain expertise in Penang and reflects our commitment to supply life-changing technology to customers in Asia Pacific and across the globe,” said Paudie O’Connor, senior vice president, Supply Chain at Boston Scientific. “In addition to the investment in this new global distribution center, we continue to invest in fostering a workplace in Penang where all employees can find opportunities to grow in their careers.”

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About MIDA
MIDA is the government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

About Boston Scientific
Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for more than 40 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare. For more information, visit www.bostonscientific.com and connect on Twitter and Facebook.

Media Contacts

MIDA
Rosedalina Ramlan
Director, Business Services and Regional Operations Division
Email: [email protected]
Tel.: +603- 2267 3515  
InvestPenang
Yeoh Bit Kun
[email protected]

Ooi Phei Wen
[email protected]
Boston Scientific
Ong Yee Ting
[email protected]

Helen Wailes
[email protected]



Boston Scientific Expands Operations In Penang


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KUALA LUMPUR, 8 November 2022 – The Malaysian Investment Development Authority (MIDA) hosted the 3rd Journalist Programme, which featured an expert panel discussion titled “Shifting the Paradigm: Enhancing Domestic Direct Investment (DDI) For Sustainable Economic Growth”. The session aimed to highlight the importance of DDI in contributing towards the country’s economic growth and to dispel the widespread misconception that the Government prioritises promotion to attract Foreign Direct Investment (FDI). In reality, the Government places equal importance on attracting both FDI and DDI.

MIDA Chief Executive Officer, Datuk Wira Arham Abdul Rahman in delivering his welcoming remarks emphasised the importance of DDI to the local economy. “For the past 10 years (2012-2021), FDI contributed 35.8 per cent or RM761.7 billion, while domestic sources accounted for 64.2 per cent or RM1,364.6 billion in all sectors of the economy. In absolute terms, the services sector saw the highest level of approved investments (RM1.2 trillion), followed by manufacturing sector (RM818.4 billion) and primary sector (RM103.7 billion). We must understand that FDI is only one part of the equation, and a strong domestic industry and ecosystem are also important. Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI) complement one another. They arise from the same market conditions: a competitive, equitable, stable business and regulatory climate. Strong domestic demand results in more DDI and a healthy DDI is essential for successful FDI.”

The interactive session was moderated by Group Chief Economist/Head of AmBank Research, Dr. Anthony Dass, with panellists comprising, Senior Executive Director of Investment Policy Advocacy of MIDA, Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Director and Head of Research of MIDF Amanah Investment Bank Bhd, Mr. Imran Yassin Md. Yusof, Founder and Managing Director of CG Global Profastex Manufacturing Sdn. Bhd., Ms. Siti Padillah Abdul Wahab, and Strategic Advisor of ViTrox, Mr. Lim Wei Yee.

In kicking-off the panel discussion, moderator Dr. Anthony Dass stated his confidence that Malaysia will enjoy a thriving economy in 2023 despite the backdrop of a challenging global economic outlook. “The country is experiencing growth with more jobs, higher wages, stable inflation, and sound public finances and anticipates steady growth in DDI as borders reopen, healthy consumer spending, and more inflow of FDI.” he added. Panellist Mr. Sikh Shamsul Ibrahim highlighted “MIDA has formulated and executed strategic programmes to continue facilitating the establishment and expansion of multinational corporations (MNCs) and local large companies (LLCs) as well as mid-tier companies in Malaysia. Equipped with a structured and completed ecosystem in various industries, we promote strategic collaborations between domestic companies with MNCs and LLCs to become part of local supply chains with technological capabilities. To date, MIDA has managed to engage with over 30 MNCs and LLCs which involved more than 150 potential local suppliers.”

MIDA has been proactive in creating opportunities for domestic companies and mitigating gaps in the supply chain. Such initiatives have helped develop and upgrade domestic companies and encouraged them to adopt new technologies, smart manufacturing and Industry 4.0 practices. The new Digital Transformation Ecosystem (DTE) has enabled to realise such aspiration to integrate such an advantage into the production processes. Investors should see disruptive technology as an opportunity rather than a threat, and the results speak for themselves. For instance, the MIDA-PERODUA DTE programme is indeed a success story to train and upgrade the carmaker’s vendors through modern technology.

Another panellist Mr. Imran Yassin, Director and Head of MIDF Research asserted “Reviving DDI was crucial in raising the economy’s productive capacity, accelerating technological progress, creating employment opportunities and expanding exports with the implementation of the Regional Comprehensive Economic Partnership (RCEP). As Malaysia becomes the ninth country to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), businesses will benefit to further contribute to the Malaysia’s recovery.”

Ms. Siti Padillah, the Founder and Managing Director of CG Global Profastex Manufacturing Sdn. Bhd. shared that her company, a contract manufacturer in the electronics industry, has propelled itself as a key player in the E&E sector with MIDA’s assistance over the years. She also expressed her hope that MIDA could help to facilitate local companies as well as CG Global to align with the country’s principles of
Environmental, Social and Governance (ESG) and National Investment Aspirations (NIA), which in turn ensure the country’s long-term growth. “Now, we are able to collaborate with universities and technical schools to develop dedicated programmes for future hybrid talents.”

Meanwhile, Mr. Lim Wei Yee, the Strategic Advisor of ViTrox Corp Bhd said “Small and Medium Enterprises (SMEs) in the manufacturing and manufacturing-related services sectors play major roles in building the nation’s industry ecosystem and the incentives provided by the Government have helped to turn some local companies into global players. MIDA’s dedicated unit named Domestic Investment Coordination Platform (DICP) had provided the needed support to bridge the link between businesses and funding, technologies and research capability.”

Moving forward, MIDA will continue to intensify efforts to increase DDI to strengthen the country’s economic recovery with the country transitioning to the endemic phase. Amidst global economic headwinds, MIDA will continue to create a conducive business ecosystem to ensure the sustainability of business and overall economic growth.

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us
on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

Media Enquiries:

Ms. Fatmah Ahmad
Director, Corporate Communications Division, MIDA
Email : [email protected] | T: +603 2267 2428

MIDA Emphasised the Importance of DDI and Its Aggressive Facilitation to The Domestic Players to Create A Sustainable Economic Growth


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Kuala Lumpur, 27 October 2022 – Thamlev USA Ltd., a US-based company headquartered in Arkansas, has announced Malaysia as its manufacturing base in Southeast Asia for the production of electric bikes outside the United States. This new site will expand upon Thamlev’s existing manufacturing capacity and will help raising the profile and development of the electric vehicle (EV) sector in Malaysia. 

With a total investment project value at RM100 million in the Light Electric Vehicle (LEV), the company’s capital investment is set to transform the country into LEV hub such as eMoped, eMotorcycle, eMicrocar, for global market and generating approximately 750 of jobs opportunities in Malaysia.

In welcoming Thamlev to be part of the Malaysia’s EV ecosystem, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman, said, “We are excited to know that Thamlev is currently expanding and proposing Malaysia as a production hub for its light electric vehicle to be exported to the United States. Thamlev’s expansion into Malaysia is in line with our National Automotive Policy (NAP) with the aim to position Malaysia as a regional leader in EV manufacturing, engineering, technology and sustainable development. Identified as one of the key sectors under the National Investment Aspirations (NIA), Malaysia is committed to driving the growth of EVs and its entire ecosystem which in turn helps to elevate the EV landscape in Malaysia to become more competitive in the South East Asia.

“The Malaysian Government will strive to build a conducive environment for foreign and domestic industry players to do business in Malaysia, given the nation’s readiness to provide highly-skilled talents and capable technology partners.” Added Datuk Wira Arham.

Kelvin Tham, CEO of Thamlev Mobility Sdn. Bhd., said,” We aim at providing the most compelling LEV of the 21st century. Thamlev is dedicated to producing innovative, sustainable and attractive design of LEV. With our advanced research and development (R&D) department, we continue to pledge our commitment in sticking to the highest-quality LEV and focusing on driving the growth of Malaysia’s manufacturing sector, particularly in the LEV sector.”

“Aspired to be a hub of the LEV creation and innovation pioneer, we believe that a great organisation should equipped with the best talents, unique capabilities, creative thinking and technical skills in order to succeed in the competitive environment and constant development. Today, we make it happen; Thamlev is ranked no.5 with the annual sales of 4000 units in the United States, in 2022. We look forward to expand our footprint across the United States, Europe and ASEAN region in the near future.”

In December 2021, Thamlev has signed a memorandum of agreement (MOA) with NanoMalaysia, the commercialisation agency under the Science, Technology and Innovation Ministry (MOSTI) and Hyundai Kefico Corp. on EV Micro Mobility Ecosystem amounted to USD30 million. The adoption of EV micro mobility ecosystem will be the catalyst for the company to advance into LEV, in line with the global technological revolution.

Thamlev has also teaming up with Curo Co.,Ltd, Hyundai Electric and Energy Systems Co.,Ltd Daegu Mechatronics and Materials Institute and Signet EV to form a Battery Swap Station (BSS) consortium in Malaysia. Through this new technological adoption, Thamlev is anticipating to increase its annual production target up to 100,000 unit per year by 2025.

Thamlev’s new manufacturing base in Malaysia will serve as a central hub for the company’s research and development (R&D) process department, including the development of its full vehicle system design and integration, Gallium Nitride (GaN) based Power Train R&D and BSS equipment. It will also become the main manufacturing hub to export the LEV to the high-potential export market such as the US and the European markets beginning January 2023. Meanwhile, China will supply a wide range of general parts and bike frames. Adding on to this, Thamlev is also committed to empowering the graduates by working closely with prestigious universities in enhancing research collaboration and technology transfer such as Artificial Intelligence (AI) in autonomous driving and big data analysis.

MIDA has approved 25 projects totalling RM10.69 billion in the EV and its related ecosystems from 2020 to June 2022. The approved investments include the activity of EV assembly, manufacturing of EV parts and components and its charging components.

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About MIDA 

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn and YouTube channel. 

About Thamlev 

Thamlev USA Ltd was founded in 2020 in USA. In 2022, Thamlev has relocated its production base from China to Malaysia. Thamlev strives to provide the best quality of Light Electric Vehicle, designed in USA, made in Malaysia, using high quality materials, inspected and tested in our factory, ship and distribute to our dealers in USA.

Thamlev’s R&D and technical team are striving toward making the high-quality Light Electric Vehicle through our continuous investment in R&D activities, by the continuous growth and update of know-how in order to keep abreast with the latest technological revolution and industrial transformation. the resources of advanced research and development facility, Thamlev is moving forward to be a leading manufacturer in the Light Electric Vehicle industry. 

Media contact:

Mr. Nazuki Abdullah
Director, Transport Technology Division
Email: [email protected]   
Tel.: +603-2267 6688

Thamlev Mobility Sdn Bhd
Mr. Owen Soh
General Manager
Email: [email protected]
Tel: +6012-26299071

Thamlev Chooses Malaysia As Its Manufacturing Base Outside USA For the Production of Light Electric Vehicle (LEV)


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Kuala Lumpur, 26 October 2022 – Cochlear Limited (ASX: COH), the global leader in implantable hearing solutions, has today announced the expansion of its global manufacturing facility in Kuala Lumpur, elevating Malaysia as one of the global powerhouses in the manufacture and maintenance of hearing implant sound processors.

The new expansion involves an investment of more than RM30 million to support the company’s growing demand for cochlear and acoustic hearing implants in Malaysia as well as more than 180 other countries around the world. For the last six years, Cochlear’s site in the country has created more than 270 new job opportunities.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), stated in his welcome address, “Cochlear’s decision to expand its global manufacturing footprint in Malaysia will reaffirm our position not only as an ASEAN destination for innovative and advanced manufacturing, but also as a world-leading medical devices investment destination. Cochlear has also provided a flexible approach to training local talent from the diploma level and beyond with an attractive pay system above the national minimum wage. The local talents are given the knowledge and skills that are not confined to medical devices but could also be applied in various industries.”

Dig Howitt, CEO and President of Cochlear said, “This expansion is key to our mission to help hundreds of thousands of people around the world to hear. In addition to increasing our ability to make more sound processors, the new Global Distribution Centre supports efficiencies in transporting goods, and sustainability benefits by reducing the air miles travelled between us and our suppliers. We’re very grateful for the strong support and partnership from MIDA, Malaysia’s Ministry of Health (MOH) and Association of Malaysian Medical Industries (AMMI) that has allowed us to grow in Malaysia, making Kuala Lumpur our third largest site in the Cochlear network.”

The event was also attended by a 10-year-old, Olyvia Kuan Yu Qin, from Tawau, Sabah, who was born with profound hearing loss. Olyvia’s hearing loss was diagnosed at 20 months old, and she received cochlear implants at the age of 2 years old. Olyvia said, “I was born deaf. It was a big surprise for my parents. Now I can hear and speak with the help of my cochlear implants. I had to work hard to catch up on learning to hear, but now, I love reading, drama, acting, singing, and dancing.”

The new expanded site will manufacture and maintain Cochlear’s latest and most advanced cochlear and acoustic implant sound processers. With over 300 employees, the facility which spanning the area of 50,000 square feet will include the company’s global logistics, supply chain, and information technology services. As part of Cochlear’s global target to achieve net zero carbon emissions in its operations by 2030, the manufacturing site is also powered by 100 per cent renewable energy. The initiative is aligned with the country’s vision of achieving net zero emissions by 2050. Adding on to this, the Malaysia’s site is one of company’s eight global operations to oversee the design, development, manufacture and supply for the Australian-headquartered company.

In the 2021-22 fiscal year, Cochlear provided more than 40,000 hearing implants to adults and children around the world. The number of children in Malaysia who could benefit from a hearing implant may be set to rise. By 2024, the Government of Malaysia aims to implement universal newborn hearing screening in 95 per cent of public and private hospitals to identify children and determine who could benefit from an assistive hearing device. Currently, only 65 per cent of hospitals in Malaysia offer this service. In Malaysia, approximately 1,500 children are born with hearing loss every year on average.1-3 By expanding the newborn hearing screening programme, thousands more children in Malaysia could gain the opportunity to hear and reach their full potential and enables the parents to receive the necessary support and advice needed right from the start.4

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur central, MIDA has 12 regional and 21 overseas office. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube.

About Cochlear Limited (ASX: COH)

People have always been Cochlear’s inspiration, ever since Professor Graeme Clark set out to create the first multi-channel cochlear implant after seeing his father struggle with hearing loss.  Since 1981, Cochlear has provided more than 700,000 devices in more than 180 countries, helping people of all ages around the world to hear.  As the global leader in implantable hearing solutions, Cochlear connects people with life’s opportunities, and welcomes them to the world’s largest hearing implant community.

Cochlear has a global workforce of close to 4,500 people, with a passion for progress, who strive to meet the needs of people living with hearing loss. The company continually innovates to anticipate future needs, investing more than AUD$2 billion to date in research and development to push the boundaries of technology and help more people hear.

www.cochlear.com

Media contacts:

MIDA
Ms. Azlina Hamdan
Director of Life Sciences & Medical Technology Division
Email: [email protected]
Tel.: +603-2267 3791

Cochlear Limited
Theveena Chahil

Edelman Public Relations Worldwide Sdn Bhd
Email: [email protected]
Tel.: +6012-5077220

References

  1. World Health Organization. WHO statement on hearing loss prevalence accessed on March 1, 2020 Available from: https://www.who.int.
  2. Pourarian S, Khademi B, Pishva N, Jamali A. Prevalence of hearing loss in newborns admitted to neonatal intensive care unit. Iran J Otorhinolaryngol. 2012;24:129–34.
  3. Vital Statistics, Malaysia. 2021. https://www.dosm.gov.my
  4. World report on hearing. Geneva: World Health Organization; 2021. Licence: CC BY-NC-SA 3.0 IGO.

Please seek advice from your health professional about treatments for hearing loss. Outcomes may vary, and your health professional will advise you about the factors which could affect your outcome. Always read the instructions for use. Not all products are available in all countries. Please contact your local Cochlear representative for product information.

Views expressed are those of the individual. Consult your health professional to determine if you are a candidate for Cochlear technology.

Cochlear, Hear now. And always, Nucleus, and the elliptical logo are either trademarks or registered trademarks of the Cochlear group of companies.

© Cochlear Limited 2022. All rights reserved.

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Cochlear Expands Global Operations And Manufacturing In Malaysia Helping Thousands To Hear Better


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Enabling the next generation of green-tech and e-mobility products

Penang, 22 October 2022 – Indium Corporation, a US-based global materials supplier to the electronics assembly and semiconductor packaging industries, organised a grand opening for its new 37,500-square-foot manufacturing facility with a special ceremony in Penang today.

The ceremony celebrated the new facility with a ribbon cutting, lion dance, and comments from company officials, as well as community and industry leaders including the Chief Minister of Penang, YAB Tuan Chow Kon Yeow; Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), Datuk Wira Arham bin Abdul Rahman; Chairman of Penang State Trade Industry and Entrepreneur Development Committee, YB Dato’ Haji Abdul Halim Bin Haji Hussain; and Chief Executive Officer of InvestPenang, Dato’ Loo Lee Lian. The ceremony closed with a cultural performance and site tour of the new facility.

Officiating the grand opening, the Chief Minister of Penang, YAB Tuan Chow Kon Yeow said, “Penang is pleased to be the choice location for Indium Corporation’s new manufacturing facility. The company’s investment decision serves as an acknowledgement of the skilled talent, well-developed infrastructure and resilient environment the state holds. Being widely regarded as one of the major players in the global semiconductor industry, Penang’s robust electrical and electronics (E&E) ecosystem is believed to have paved the way for sustainable industry development, offering a competent platform for the players along the supply chain to participate and thrive.”

Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed “We welcome Indium Corporation’s presence in Malaysia as it marks the confidence in the continuous sustainable growth of the nation’s economy. Indium Corporation’s footprint in the country will positively provide avenue for the company to explore more high value-added activities with domestic players for mutual benefit outcomes and become an important industry partner to Malaysia in the advanced soldering material industry.”

“The establishment of the company’s new manufacturing facility will further solidify Malaysia’s ecosystem and nurture the country’s local supply chain that will contribute to opening new opportunities not only for the metals industry but also for the machinery and equipment (M&E), automotive, E&E and semiconductor industries.” added Datuk Wira Arham.

Indium Corporation’s President and Chief Operating Officer, Mr. Ross Berntson commented, “Indium Corporation is proud to continue its more than 40-year history of doing business in Malaysia with the grand opening of our new manufacturing facility in Penang. This new facility will enable us to further support our customers in automotive, semiconductor, power electronics, e-mobility, industrial and computing and other markets.”

Indium Corporation produces a diverse range of solders and solder paste products including materials for the electronics assembly, e-mobility, power electronics, and advanced packaging for semiconductor markets.

Earlier this year, the company announced its investment of RM250 million for its expansion in Malaysia with this new manufacturing facility for its advanced solder paste, high-performance thermal materials, and innovative engineered solder products. The new facility has begun its manufacturing activities and will continue to expand the production capacity to better serve the company’s customers in Malaysia and the surrounding region, including Thailand and Vietnam.

The new facility will be manufacturing the following products:

  • Solder Pastes: Indium Corporation is the Avoid the Void® leader in the market, providing proven and innovative products that eliminate defects and deliver high reliability. The most recent innovation, patented Durafuse™ LT technology, delivers exceptional reliability while reducing energy consumption and carbon footprint.
  • Thermal Interface Materials (TIMs): Indium Corporation is an industry leader in high-performance solder- and metal-based TIMs for a variety of applications.
  • Solder preforms: Indium Corporation’s proven, innovative material solutions for die-attach and power semiconductor applications are designed to increase productivity, performance, and efficiencies. The patented InFORMS® and other preforms products meet the highest standards in power electronics applications.

Penang also houses the company’s Malaysia Tech Hub, a regional centre for the development of electronics assembly expertise and customer service, as well as a logistics and manufacturing support centre.

About MIDA
MIDA is the government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About InvestPenang
InvestPenang is a non-profit entity of the Penang State Government with the primary purpose of promoting investments within Penang. As the principal investment promotion agency of the State, its objectives are to sustain and rejuvenate Penang’s economy by enhancing and continuously injecting business activities in the State through the promotion of foreign and local investments, including the spawning of viable new growth centres. For more information, please visit www.investpenang.gov.my.

About Indium Corporation
Indium Corporation® is a premier materials refiner, smelter, manufacturer, and supplier to the global electronics, semiconductor, thin-film, and thermal management markets. Products include solders and fluxes; brazes; thermal interface materials; sputtering targets; indium, gallium, germanium, and tin metals and inorganic compounds; and NanoFoil®. Founded in 1934, the company has global technical support and factories located in China, Germany, India, Malaysia, Singapore, South Korea, the United Kingdom, and the U.S. For more information about Indium Corporation, visit www.indium.com or email [email protected]. You can also follow our experts, From One Engineer To Another® (#FOETA), at www.linkedin.com/company/indium-corporation/ or @IndiumCorp.

Media Contacts:

MIDA
Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division
Email: [email protected] Tel.: +603-2267-6769

InvestPenang
Ms. Yeoh Bit Kun / Ms. Ooi Phei Wen
E: [email protected] / [email protected]

Indium Corporation
Ms. Jingya Huang
Marketing Communications Manager
Indium Corporation
Email: [email protected]
Tel.: +1 (315) 381-4900

Indium Corporation Celebrates Grand Opening of Its New Manufacturing Facility In Malaysia


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Johor, 20 October 2022 – Bridge Data Centres (BDC) (Chindata Group- NASDAQ: CD), a leading data centre provider across Malaysia, India and Thailand together with ByteDance, celebrate a significant milestone today with the grand opening of BDC’s first phase hyperscale data centre (MY06) in Sedenak, Johor. Phase 1 covers the first of the three buildings in the 110MW hyperscale data centre project which spans across 38 acres of land area. Leveraging on innovative construction and design methodologies, the construction of the data centre is being completed in record time of approximately 2,200,000 working hours (314 days) since breaking ground in November 2021. The project received full support and facilitation from the federal and state governments including the Digital Investment Office (DIO), a fully-digital collaborative platform between the Malaysian Investment Development Authority (MIDA) and the Malaysia Digital Economy Corporation (MDEC).

The grand opening was graced by the Chief Minister of Johor and other dignitaries to mark the success of Malaysia as a competitive nation in attracting data centre investment. It also aligns with the country’s aim to attract RM70 billion investments in digitalisation under the MyDIGITAL initiative.

Also present to witness the event was Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, who expressed, “We are excited and honoured to have been chosen by Bridge Data Centres and ByteDance as their choice of location for the establishment of this hyperscale data centre venture. MIDA through Digital Investment Office (DIO) and Project Acceleration and Coordination Unit (PACU) have been very supportive of this project since its pre-investment stage right up to the implementation phase. I remember chairing several meetings to facilitate this project with various stakeholders including electricity requirements from TNB, land matters, as well as water requirements.”

“Today’s event demonstrates that Malaysia is still the most desirable location in the region for data centre hubs. Supported by the country’s vast resources, favourable environment and advancement in digital infrastructure, Malaysia has developed into a mature market for data centres. This illustrates the country’s readiness to serve as a regional data centre hub.” added Datuk Wira Arham.

BDC is also the first company with Malaysia Digital status to complete the construction and handover the business-ready hyperscale data centre in 2022.

“On behalf of MDEC, I would like to congratulate BDC on the opening of Phase 1 of the hyperscale data centre. This facility will increase not only latency and efficiency, but also will help attract other global businesses and investments into the country. It adds to the momentum that we have built with the launch of Malaysia Digital, a new national strategic initiative, which seeks to catalyse the growth of our digital economy,” said Ts. Mahadhir Aziz, CEO of MDEC.

With the rapid growth of the cloud service providers and digital media, BDC has the full support from the US-based Bain Capital to expand its hyperscale data centre business in the Southeast Asia region. The company will be building another 100 MW of data centre in the next five years across Malaysia, Indonesia and Thailand.  

“I would like to express my gratitude to the Digital Investment Office (DIO), Invest Johor, and Tenaga Nasional Berhad (TNB) for their tremendous assistance and support for this project. We look forward to a long-term partnership with the Malaysian government as we expand our business in Malaysia to support our clients.” said Mr. Lim DZ Shing, President of Bridge Data Centres.

ByteDance System Sdn. Bhd, will be the anchor tenant of BDC’s hyperscale data centre with long-term investment commitment in the country.

“We are excited to partner with BDC in our data centre operations. The commitments we are making today reflect our continued investment into the growth of Malaysia’s digital economy. As we continue to provide interconnected online experiences to people across the globe while offering them world-class privacy and security protections, we look forward to working closely with the Malaysia government to expand its data governance leadership globally,” said Teresa Tan, Director of Public Policy, Southeast Asia, ByteDance.

The grand opening ceremony was held at Sedenak Tech Park (STeP) following the Malay Traditional Kompang performance and blessing from honourable guests for future success and prosperity.

******

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Bridge Data Centres

A subsidiary of NASDAQ-listed Chindata Group, Bridge Data Centres is one of the largest Data Centre companies in the region, providing hyperscale and wholesale data centre solutions. Headquartered in Singapore, Bridge Data Centres will be operating 150+ MW of IT capacity across India and Malaysia. Bridge Data Centres offers a full range of innovative and transformative solutions for businesses looking to grow their reach and revenue in emerging markets and are committed to attaining carbon neutrality by 2030 as announced by Chindata Group. For more details, please visit bridgedatacentres.com.

Media Contacts

MIDA
Ms. Rosedalina Ramlan

Director of Business Services and Regional Operations Division
Email: [email protected]
Tel.: +603-2267 3515

MDEC
Mr. Simon Yap/Mr. Lewis

Email: [email protected]/[email protected]
Tel.: +603-8315 3000

Bridge Data Centres
Ms. Evelyn Ang

Director Marketing and Comms
Email: [email protected]
Tel.: +65 97651376

Tel.: +65 97651376

Bridge Data Centres And Bytedance Celebrate Grand Opening Of The First Phase Hyperscale Data Centre (My06) In Johor, Malaysia


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Pulau Pinang, 8 October 2022 – Swift Bridge Technologies (M) Sdn. Bhd. (Swift Bridge Technologies), a Malaysian-based company focusing on designing, developing and manufacturing of High Precision Radio Frequency (RF) Coaxial Test Cable Solutions and electric vehicle (EV) automotive wire harness, announced the establishment of its new Centre of Excellence (CoE) in conjunction with the company’s 10th Anniversary this year.

With a total investment of RM10 million capital expenditure, the new facility of 10,000 square feet is equipped with design, research and development, and test lab facilities; and features the new 125GHz vector network analyser (VNA) test machine for design, research and development (R&D) activities. The establishment of the new CoE also aims to expand the company’s existing business to other potential new markets such as Germany and is expected to recruit an additional of 20 RF Engineers within the state.

Swift Bridge Technologies’ CoE was inaugurated by Y.A.B. Tuan Chow Kon Yeow, Chief Minister of Penang. The ceremony was also attended by Mr SK Chong, Group Managing Director, Swift Bridge Technologies, Y.B. Dato Haji Abdul Halim bin Haji Hussain, EXCO for Trade and Industry, Entrepreneur Development, Dato Abdul Latif Hj Abu Seman, Director General Malaysia Productivity Corporation (MPC), Encik Muhd Ghaddaffi, Director MIDA Penang, Puan Saudah Mat Isa, Director Matrade Penang, Puan Nurul Zahirah Ayob, Director SME Corp Penang, Dato Seri Wong Siew Hai, President MSIA, and Dato Seri Dr Ooi Eng Hock, Chairman 88Captains.

Y.A.B. Tuan Chow Kon Yeow, Chief Minister of Penang congratulated Swift Bridge Technologies on their great efforts and remarked, “The state government will continue to play its role in empowering the growth of our local SMEs, through various initiatives such as the SME Village, Smart Centre, Seed Capital Fund, Penang SME Go Digital campaign and more.”

“It is envisaged that such initiatives will catapult SMEs such as Swift Bridge Technologies to greater heights while also contributing significantly to Penang’s economic growth, in line with the state’s Penang2030 vision of becoming “A Family-Focused Green and Smart State that Inspires the Nation.”, he added.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA responded positively, “Swift Bridge Technologies’ expansion from the manufacturing activity to CoE, exhibits the capability of Malaysian company towards producing high value-added and complex products. As the company thrives in making its way to the wider industrial ecosystem, other local companies are encouraged to leverage on Swift Bridge Technologies’ expertise through knowledge and technology transfer which in turn, will assist in developing market-ready talent and contributing to the employability of the country.” 

“The establishment of this CoE is not only crucial for Malaysia’s economic growth but will also stimulate innovation and increase productivity in the country’s development of advanced technologies in the RF industry. It further affirms the Malaysian home-grown capabilities and talent in design, development and research activities while also aligning with the nation’s sustainable investment agenda by focusing on intensifying its research and development (R&D) which is an integral ingredient of Malaysia’s overall development strategy,” he added.

During the launching, Swift Bridge Technologies has also exchanged a Memorandum of Agreements (MoAs) with two companies namely Angkasa-X Innovation Sdn. Bhd., and Eclimo Sdn. Bhd. The formalised partnerships are anticipated to potentially generate a revenue of RM25 million to the company over the next five years.

Pledging their commitment to the growth of Malaysian electrical and electronics (E&E) industry by continuously creating innovative solutions for the advancement in connectivity technology, the company’s strategic plan focusing on R&D enables them to improve the sustainability of its business operations in the long run. Swift Bridge Technologies will continue providing a complete solution from concept to production to their customers. This includes the customised assembly that supports test and measurements, automotive, energy, industrial automation, and cuts across the E&E industry in different countries such as the United States of America, Canada, India and South-East Asia.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

About Swift Bridge Technologies (M) Sdn. Bhd.

Swift Bridge Technologies (M) Sdn. Bhd. was established in 2012 with the goal of being a majority Malaysian-owned company that designed, developed, and manufactured Precision High Radio Frequency (RF) Test Cable Solutions in Malaysia. Swift Bridge Technologies is managed by individuals from both technical and marketing business segments of the electrical & electronics industry who is specializing in high performance cable interconnect solutions, DC thru 110GHz cable interconnect solutions for Oscilloscopes (real time, digital storage, TDR, and BERT), Network Analyzers, and Custom Probe Assemblies.

Swift Bridge Technologies provides a complete solution from concept to production whether customers require a customized assembly from 45 GHz to 110 GHz Precision High Radio Frequency Test Cable.  Swift Bridge Technologies utilizes Solidworks in the mechanical design of enclosures and injection molded components.  Ansoft HFSS and Polar modeling software are utilized in the design of RF connectors and controlled-impedance PCBs.  Swift Bridge Technologies enjoys working with customers and the work environment fosters collaborative participation throughout the design process with seamless transition into production. 

There are two facilities in Swift Bridge Technologies, (1) Malaysian Center of Excellence & Manufacturing Center and (2) the branch office in the USA work together throughout the development process to optimize the product characteristics and utilize local suppliers, effectively creating the greatest value for our customer.  Swift Bridge Technologies’ technical staff comprises engineers, project managers and supply chain management, it then reduces and expedites the development timeline from concept to production.  Swift Bridge Technologies meets with customers to review technical requirements, challenges, cost constraints and propose an optimized product solution that can be successfully marketed within the selected business segment.

Media contacts:

MIDA
Ms. Noor Suziyanti Saad

Director of Electrical and Electronics Division
Email: [email protected]
Tel.: +603 2267 3575

Swift Bridge Technologies
Mr. SK Chong

Managing Director of Swift Bridge Technologies (M) Sdn. Bhd.
Email: [email protected]
Tel.: +6012-4832186

Swift Bridge Technologies Launches Its New Centre of Excellence In Conjunction With 10th Anniversary


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KUALA LUMPUR, 4 October 2022 – The Malaysian Investment Development Authority (MIDA) and Halal Development Corporation Berhad (HDC) have  signed a Memorandum  of Understanding (MOU) to form a partnership in boosting the Malaysia’s Halal industry. This strategic collaboration will allow HDC in leveraging the end-to-end  facilitation  by MIDA, to further assist and enhance the industry’s capability and capacity; subsequently propelling our economic growth.

The MOU was signed  by  the  Executive  Director  of  Investment  Facilitation, MIDA, Ms. Jasbir Kaur and HDC Chief Commercial Officer, Tuan Haji Adly Mohamed; and witnessed by MIDA Chief Executive Officer (CEO) Datuk Wira Arham Abdul Rahman and HDC Chief Executive Officer (CEO) Mr. Hairol Ariffein Sahari.

Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed his appreciation for the partnership in stimulating Malaysia’s business environment particularly in  the  development of the halal industry. He stated, “The signing of today’s MOU further strengthens the successful partnership between  MIDA and  HDC  and  enhances Malaysia’s position as the centre of Halal ecosystem development. This collaboration foresees the broader scope of economic cooperation between the MIDA and HDC, where we have expanded our networks to enhance investment facilitation and at the same time, provides opportunities in new and innovative business and strategic areas that will include projects to increase investment, including Halal parks and co-organising Halal related events.”

“Given the growing role of technology and the increasing importance of its adoption, especially since the global pandemic struck, it is apt to prioritise technology development now and post Covid-19. This  would also be beneficial  to enhance  innovation and technology application in the Halal industry that Malaysia already has succeeded,” he added.

Mr. Hairol Ariffein Sahari, CEO of HDC, said, “To date, Malaysia’s halal parks have attracted a cumulative total of RM16.28 billion in investments since 2011. In 2021, domestic direct investments into Halal Parks has recorded an increase of RM95  million (or 45.7%), signaling that the local halal industry is still growing, despite the many ongoing challenges.”

“We are seeing trend amongst the local players particularly the halal Small and Medium Enterprises (SMEs) whom are proven to be resilient throughout the Covid-19 pandemic. Despite the challenges,  they strived and  are going for business expansion and diversification to meet the growing demand. Hence, these SMEs are scaling up and looking for suitable  and sizable industrial spaces with a better  infrastructure and ecosystem support which are provided by HDC’s Halal Parks,” he shared.

The collaboration will synchronise the process flow of investment facilitation during pre and post investments between HDC and MIDA. For the year 2021, HDC managed to engage 130 domestic companies with a total of 17 Letter of Intent (LoI) issued into Malaysian Halal Parks with the potential investment of RM133 million. It  is believed  with this two (2) years partnership, 60 per cent of the potential investment will be realised.

The MOU with HDC demonstrates MIDA’s ongoing commitment in pursuing high technology, high value-added and innovative investment projects from both domestic and foreign companies. The partnership is seen as being timely to provide adequate and financial support to industry players, particularly domestic investors, in expanding the Government’s efforts to facilitate investments in Malaysia, which is consistent with the National Investment Aspirations (NIA) framework in driving economic growth.

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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive  investments  into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues  to be  the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

About Halal Development Corporation Berhad (HDC)
Halal Development Corporation Berhad (HDC) spearheads  the development  of Malaysia’s integrated and comprehensive halal ecosystem and infrastructure to position Malaysia as the most competitive country leading the global halal  industry.  Established on 18 September 2006, HDC is also known as the central coordinator that promotes participation and facilitates growth of industry players in the development of Malaysia’s Halal ecosystem. An agency under the Ministry of International  Trade  and  Industry (MITI); it is the world’s first Government-backed halal industry development corporation. For more information, please visit HDC at – www.hdcglobal.com 

For more information, please contact:

MIDA:
Ms. Zabidah Daud
Director of Post Investment Division
Tel: +603 2267 6719 | Email: [email protected]

HDC:
Norsida Ahmad
Corporate Communication Division
Tel: +603 7965 5530 | Email: [email protected]

MIDA and HDC Ink MoU To Woo Foreign and Domestic Investments Into Halmas Halal Parks


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Istanbul, Türkiye, 30 September 2022 – MIDA’s newest office in Istanbul is set to provide Malaysia and Türkiye new economic opportunities and drive the steady growth of Malaysia-Turkiye’s bilateral trade relations. MIDA Istanbul will serve as a gateway for aspiring Turkish investors who wishes to expand their businesses in Malaysia and vice-versa. Investors will be able to gain access to the latest information on investment policies and opportunities, joint venture partnerships or technological collaborations.

The launch of the MIDA Istanbul Office was officiated by the Malaysian Senior Minister and Minister of International Trade and Industry (MITI), the Honourable Dato’ Seri Mohamed Azmin Ali. Also present at the event were MITI Secretary General, Datuk Lokman Hakim Ali; MIDA Chief Executive Officer (CEO), Datuk Wira Arham Abdul Rahman; MATRADE CEO, Datuk Mustafa Abdul Aziz; Consul General of Malaysia in Istanbul, YM Tengku Mohd. Dzaraif Raja Abdul Kadir; President of Invest in Türkiye, Mr. A. Burak Dağlıoğlu and Mr. Catagay Ozden, Head of Department South Asian Countries, Ministry of Trade, Türkiye.

Many business opportunities await Turkish investors, particularly in the fields of machinery and equipment, aerospace, ICT, digital investment, food manufacturing including the Halal segment. Over the years, many factors have enabled Malaysia to attract quality investments, which include, its unmatched connectivity and business friendly policies. Furthermore, as Malaysia is centrally located within Southeast Asia, the country serves as the prime gateway for Turkish investors to penetrate the ASEAN market. Similarly, Türkiye is also strategically located at the crossroads of Europe, Central Asia, Middle East and North Africa. Malaysian companies could consider using Türkiye as a base to tap into the large European market as well as the emerging markets of Central Asia and the Middle East.

The Honourable Dato’ Seri Mohamed Azmin remarked,“The establishment of MIDA’s office in Istanbul serves two very fundamental and critical purposes. First, it plays an instrumental role as a gateway for businesses who wish to expand their commercial interests and investment horizons in Türkiye and beyond, including adjoining regions such as the Middle East and the European Union. This will be in tandem with Malaysia’s initiative in enhancing our cross border investments. Secondly, but no less significantly, this office will act as a magnet to draw greater investments from Türkiye and the region into Malaysia, and thereby leverage our position as a springboard for expansion in the ASEAN region and beyond.“

“Hence, the opening of MIDA’s office in Istanbul is most timely in order to fully exploit the potential upside for enhanced Turkish investments in manufacturing and services, particularly in the areas of advanced manufacturing, machinery and equipment, aerospace, digital investment, ICT and food manufacturing including the Halal segment. This is in tandem with our National Investment Aspirations (NIA). I would like to underscore that our growth policy also prioritises the imperative of ensuring that SMEs ride on the value and supply chain. These initiatives will also empower companies and businesses to automate their processes, and be cost-efficient in meeting industry demands while mitigating social and environmental impacts.“ added the Honourable Dato‘ Seri Mohamed Azmin.

In terms of Türkiye’s investments in Malaysia, as of June 2022, a total of 14 manufacturing projects were approved with total investments worth RM525.2 million (USD156.3 million). Among sectors of the approved manufacturing projects include scientific and measuring equipment, textiles and textiles products, chemical and chemical products, food manufacturing; and electrical and electronics products. Four manufacturing projects with Turkish investments worth RM377.93 million (USD111.6 million) have been implemented in Malaysia.

Meanwhile, MIDA CEO, Datuk Wira Arham Abdul Rahman in his welcoming speech, said, “Apart from helping MIDA to attract new investment opportunities into Malaysia, the country is looking for new collaborations to grow together and the launch of MIDA’s office in Istanbul will help us extend our outreach programmes with trading partners of Türkiye, which includes countries like Russia, Greece, Cyprus, Azerbaijan, Georgia and the 7 “Stan” countries in Central Asia. We also aspire to promote Malaysia’s culture, warm hospitality and other diverse elements of our country to new communities and societies.”

“I am confident that opening the MIDA Istanbul Office will further enhance bilateral trade between the two countries and cross-border investments between Türkiye and Malaysia. Turkish investors who are interested in seeking joint venture partnerships or technological collaborations with Malaysian businesses, can get all the necessary information from this office.” he also added.

In applauding the strategic partnership with MIDA, Mr. A. Burak Dağlıoğlu, President of Invest in Türkiye said, “Türkiye and Malaysia are regional business hubs for their respective regions. Over the years, Malaysian companies have invested approximately USD1 billion in Türkiye. These investments are mainly in energy, finance, infrastructure and transportation, retail, and healthcare. We also see investment potentials in technology entrepreneurship and Islamic finance. With the implementation of the Free Trade Agreement in August 2015, our total trade volume has doubled to USD3.5 billion in just six years. As we have an office operating in Kuala Lumpur, Malaysia, we are delighted to welcome our esteemed counterpart MIDA to open its office in Istanbul, Türkiye which will enhance our collaboration and partnership. This undoubtedly will contribute to the increase bilateral trade volume and investments between the two countries.”

Companies that have benefited greatly from the existing economic relations between Malaysia and Türkiye includes:

TUSAS (Turkish Aerospace Industries) Malaysia Sdn. Bhd. currently has 20 personnel and the numbers are expanding, which will hit 100 by the end of 2022. With its Malaysian office located in Cyberview, Cyberjaya, TUSAS aims to carry out new joint projects in the aerospace industry where the first project they started was the flight control computer for HÜRKUŞ Advanced Trainer Aircraft. TUSAS has also signed an MOU with UniKL and University of Malaya, where 10 students have already completed their internship programme at the Turkish Aerospace Headquarters at Ankara, Türkiye last summer.

“We have always been in contact with MIDA and they are helpful in every situation, and we are glad that they decided to launch an office in Istanbul, Türkiye. We are certain that this office will open new avenues for collaboration between Türkiye and Malaysia.” said Prof. Dr. Temel Kotil, President and CEO of TUSAS.

Meanwhile, Evyap Sabun Malaysia Sdn. Bhd. which was incorporated in 2011, is a wholly-owned subsidiary of Türkiye-based Evyap Group, a longstanding and well-established personal care product manufacturer with a strong market presence in Türkiye, Middle East and Commonwealth of Independent States (CIS) regions. Their vertically integrated oleochemicals manufacturing plant is located in Pasir Gudang, Johor Bahru.

“Evyap Group is continuing to undertake additional investments in Malaysia’s oleochemical and personal care industry, which includes specialty oleochemicals, oleic acid capacity expansion and crystal soap production line. We are also looking at potential additional investments in the region for which various options are currently being explored.” said Mehmed Evyap, Executive President of Evyap.

For the first half of 2022, Malaysia attracted a total of RM123.3 billion (USD28.0 billion) worth of approved investments in the manufacturing, services and primary sectors involving 1,714 projects for the period of January to June 2022 and is expected to create 57,771 job opportunities in the country. FDI remained the major contributor, at 70.9 per cent or RM87.4 billion (USD19.9 billion), while investments from domestic sources contributed 29.1 per cent amounting to RM35.9 billion (USD8.2 billion). With the newly launched MIDA Istanbul Office, Türkiye will no doubt contribute immensely to the socio-economic development and bring about new growth areas into Malaysia’s investment landscape.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA

Mr. Faizal Jalaludin
Director, Foreign Investment Division, MIDA
E: [email protected] I T: +603 2267 6650

Ms. Meltem Şimşek
Investment Officer, MIDA Istanbul
E: [email protected] I T: + 9 0533 638 72 64

MIDA Launches Its Istanbul Office As A Gateway For Malaysia-Turkey Crossflow Investments


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