Kuala Lumpur, 8 February 2021 – The recent report by The Straits Times of Singapore on 5 February 2021 regarding foreign investors fleeing Malaysia is incorrect. The piece falsely indicates that the United Nations Commission on Trade and Development (UNCTAD) report confirmed what has been spoken of anecdotally.

The UNCTAD report estimated that Global Foreign Direct Investment (FDI) flow fell by 42 per cent to an estimated USD859 billion in 2020 compared to USD1.5 trillion recorded in 2019. Almost all regions reported lower FDI in 2020 which were mainly due to the impact of lockdowns and a drastic decrease in the economic activities during the COVID-19 pandemic. The FDI flows to developing economies decreased by 12 per cent. FDI into South East Asia contracted by 31 per cent due to a decline in investments to the largest recipients in the sub-region; inflows in Singapore fell by 37 per cent, Thailand by 50 per cent, Indonesia by 24 per cent, Vietnam by 10 per cent, and followed by Malaysia by 68 per cent. Notably, the computation of FDI flows by UNCTAD is based on Balance of Payment (BOP) statistics, published by respective countries in the context of net FDI flows.

Lower net FDI inflow is not an unfavorable signal. Malaysia continues to attract high levels of gross FDI

According to the data by the Department of Statistics Malaysia (DOSM) for the period of January-September 2020, the total Gross FDI inflow into Malaysia was valued at RM108.2 billion compared to RM102.3 billion in the same period in 2019, an increase of 5.8 per cent. This is a considerable achievement given the Movement Control Order (MCO) and Recovery Movement Control Order (RMCO) in Q2 and Q3 of last year, respectively. The Gross FDI inflow is also reflective of the high levels of FDI projects approved and implemented in the economy (manufacturing, services and primary sectors) over the last few years. It is noted that the total FDI approved throughout 2018 to September 2020 was valued at RM206.02 billion.

The UNCTAD report estimated the net FDI flow into Malaysia for the whole year of 2020 totalled USD2.5 billion (approximately RM10.1 billion), a decrease of 68 per cent from the previous year’s performance. Based on the data from DOSM, Malaysia registered net FDI outflows in Q3, driven by the outflows from debt instruments amounting to RM9.35 billion in the stipulated period. This was reflected in inter-company loan extensions and scheduled loan repayments, which are typical for multinational corporations’ (MNCs) operations; as well as the trade credits granted to manufacturing firms, in line with substantial exports, especially in the electrical and electronics (E&E) sector. Notably, Q3 2020 is an exceptional period for the first time since Q4 2009. Meanwhile, equities moderated to RM13.40 billion from RM17.33 billion in January to September 2019, a decrease of 23 per cent compared to the estimated global FDI drop of 42 per cent in 2020.

The net FDI flows are determined by many factors including abnormal disruptions in the global economy which could result in larger repatriations due to loan repayments and borrowings from their HQ and affiliates overseas for the particular year. The decline in 2020 mirrors the situation Malaysia experienced in 2009 after the subprime crisis in the US. MNCs in Malaysia were repatriating higher amounts of their profits for loans repayments and retaining earnings to help their HQ and affiliates faced with financial difficulties. The same can be said for 2020 when the world was hit by the pandemic.

Net FDI flows also indicates the maturity of Malaysia’s monetary policy which allows for the repatriation of capital, interest, dividends and profits, which is a prerequisite for a trading nation such as Malaysia. This business-friendly investment policy has also strengthened Malaysia’s position as a regional and global supply chain hub. A lower net FDI is not necessarily an unfavourable sign. For example, the E&E Industry which is one of the largest FDI recipients in Malaysia recorded a trade surplus of RM134 billion or 74 per cent of Malaysia’s total trade surplus of RM185 billion in 2020. It is the backbone of the manufacturing sector in Malaysia, contributing 39 per cent to total exports and 48 per cent to total manufacturing exports, not to mention the diverse ecosystem and supply chain the industry has created. The FDI stock in Malaysia is prominently high, totalled to RM689.1 billion as at end of September 2020.

Various factors affect business decisions of foreign investors

The Straits Times article highlighted news of Korean automaker Hyundai relocating its Asia-Pacific headquarters from Malaysia to Indonesia and the closure of Panasonic solar panel plants in Malaysia, hence insinuating that Malaysia is no longer an attractive investment location for MNCs. Taking a closer look at the reasons behind these business decisions will illustrate a different truth.

The ASEAN market has been targeted by Hyundai as an alternative market to China. As such, the roles of Hyundai’s Asia Pacific regional headquarters (HQ) in Malaysia have expanded and are classified as an incomplete form of HQ due to the absence of a production plant in Malaysia. However, with Hyundai’s new manufacturing plant in Indonesia, the new Hyundai HQ is expected to be a fully-formed space with increased production and sales. The lower demand for Hyundai cars in Malaysia also contributed strongly to their relocation decision.

As for Panasonic, the Group has been established in Malaysia for more than 30 years with 22 subsidiaries operating in the country. They are engaged in various activities ranging from manufacturing, research and development (R&D), sales and marketing. The recent announcement is on the closure of one of its subsidiaries in Malaysia producing photovoltaic (PV) or solar panels. This is due to Panasonic Corporation, Japan’s decision to discontinue the production of wafers, solar cells and solar modules at its factory, both in Japan and Malaysia. This corporate decision was driven by the declining price of global solar cell market and the increase of raw material costs arising from global expansion by Chinese companies, which would require higher capital investment for Panasonic to remain resilient in the solar business. Malaysia remains the third largest manufacturer of PV-cells and modules in the world, after China and Taiwan. Malaysia currently hosts a comprehensive photovoltaic ecosystem consisting over 250 companies in upstream (wafers and cells) and downstream (inverters and system integrators) activities. Among notable companies in Malaysia include First Solar and SunPower (USA), Hanwha Q Cells (Korea), Longi, Jinko Solar and JA Solar (China). MIDA has also recently approved a major integrated solar project that will further solidify Malaysia’s role in the global PV industry. An announcement on this project will be made soon.

For the whole of 2020, nine existing foreign-owned manufacturing companies with total investments of RM394.3 million in Malaysia had implemented business rationalisation measures. These companies have either closed their business operations in Malaysia or relocated to other countries due to technology disruption that transformed their business landscape and reduction in demand for their products. This investment is a fraction of the total approved investment in the economy for the period January-September 2020.

Growth through complementarity among ASEAN countries

In addition, the recent announcement of tech companies moving into competing countries in the region does not deter Malaysia. There are various factors underlying business decisions to choose an investment destination. This includes low labour costs, large size of the domestic market as well as the availability of mineral resources. While potential investors in the automotive industry are considering setting up their assembly plants in neighbouring countries, Malaysia remains a major producer of semiconductors and sensors for cars. In fact, Malaysia is still at the forefront of the new ICE age (Internal Computed Engine – ICE) that requires semiconductors as the driver of the Electric Vehicle (EV) Industry.

Malaysia being a major supply chain hub in the region would further encourage Malaysian companies and industries to undertake investments to supply technology, products and services to this MNCs investing in ASEAN countries. The FDI inflows into neighbouring countries should not be viewed negatively as Malaysia stand to benefits from the spillover effects of these investments. Malaysia has one of the most comprehensive ecosystem in the region in the electric and electronics (E&E), Machinery and Equipment (M&E), aerospace, automotive, and medical devices industries, to name a few.

Foreign Investors Confidence in Malaysia remains high

The Straits Times also quoted the viewpoint of the head of the EU-Malaysia Chamber of Commerce and Industry (EUROCHAM) on investors’ confidence in Malaysia. It is pertinent to note that the views of the CEO of EUROCHAM may not necessarily reflect the views of all its members. The Chamber also does not represent all foreign MNCs operating in Malaysia. As part of our on-going engagements, MIDA has been working very closely with all the International Chambers in Malaysia to assist and facilitate the concerns of their members.

The total approved investment for January to September 2020 and the announcement of major projects in the year signifies the foreign and domestic investors’ confidence in Malaysia. Despite the challenging global investment environment due to COVID-19, Malaysia recorded a total of RM109.8 billion worth of approved investments in the economy (manufacturing, services and primary sectors) for the first nine months of 2020. These investments involved 2,935 projects and will create 64,701 jobs opportunities. FDIs accounted for almost 40 per cent (RM42.6 billion). The manufacturing sector attracted the largest portion of approved investments for this period, contributing more than half (59.5 per cent) or RM65.3 billion, followed by the services sector (39 per cent/RM42.8 billion), and the primary sector (1.5 per cent/RM1.7 billion). Investments approved in the manufacturing sector for the period of January to September 2020 saw an increase of 16.6 per cent compared to the corresponding period in 2019. FDI in the manufacturing sector particularly saw an increase of 3.2 per cent to RM39.4 billion. The realisation of these investments over the immediate to medium-term will provide support to economic growth in 2021 and beyond.

In 2020, Malaysia attracted a fair share of multinational corporations including Fortune 500 companies in the high-end and high-technology industries. This includes LAM Research, a US global Fortune 500 supplier of innovative wafer fabrication equipment and services to the semiconductor industry that has chosen Malaysia to expand its global footprint by establishing its advanced technology production facility; a new project by Dexcom, a US company and leader in continuous glucose monitoring system will be producing their niche offerings in Malaysia; UCT (Ultra Clean Holdings Inc), a US-based Fortune 500 company, a leading developer and supplier of critical subsystems, ultra-high purity cleaning and analytical services, will be setting up their operations primarily for the semiconductor industry; Smith+Nephew from the United Kingdom that produces high-tech medical device products including knee and hip implants; LEM, a Switzerland-based electrical measurement company that will set up its new production plant in Malaysia to meet the growing demand of its customers in the industrial and automotive sectors; MusicTribe, a US-based multinational leader for professional audio products and musical instruments, on the other hand, is leveraging Malaysia to set up an Industry 4.0-driven, fully robotised manufacturing facility in addition to their Principal Hub activities; and the most recent announcement by SK Nexilis, a Korean copper foil manufacturer producing electric vehicle batteries.

Existing MNCs also continue to undertake major reinvestments into high-end products and activities in Malaysia, illustrating Malaysia’s on-going value proposition to investors. These include Western Digital, a US Fortune 500 company and the third largest computer Hard Disk Drive (HDD), Solid State Drive (SSD) and flash memory devices manufacturer in the world, announced their additional investments in Malaysia to design, develop and manufacture media and substrates for HDD; Intel, a US Fortune 500 company will bring the latest Advanced Assembly and Test technology to Malaysia, marking a new milestone in the company’s 48-year history of investing and partnering in Malaysia; Wistron, the Taiwan-based Fortune 500 company engaged in the R&D, design, manufacture of E&E products has acquired Western Digital’s Petaling Jaya factory to undertake new business activities; Bosch, an existing German Fortune 500 company is setting up a manufacturing facility park for testing of semiconductor components and sensors; B.Braun, a German based company, expanded its global test centre for medical devices due to strong talent capability in Malaysia; Nippon Electric Glass (NEG), a leading Japanese manufacturer of specialty glass has also expanded their production capacity of glass tubing for pharmaceutical use in Malaysia given the demand for its products following the vaccine roll-out; Eppendorf, a leading German life science company that established an integrated centre for their shared services hub, covering functions such as IT, HR as well as Finance and Controlling, for the Group’s operations in the Asia Pacific, Middle East and Africa; TF AMD, a joint venture between Advanced Micro Devices (AMD USA) and Nantong Fujitsu Microelectronics Co Ltd (Nantong Fujitsu) is expanding and offers Outsource Semiconductor Assembly and Test (OSAT) services and servicing front-end semiconductor manufacturing, namely Wafer Level Chip Scale Packaging; and NTT, a Japanese Fortune 500 and world’s 4th largest Telekom Company recently announced the launch of its fifth data centre in Malaysia. These reinvestments by existing companies are testaments of Malaysia’s continued success to retain and encourage high-value operations by MNCs in Malaysia.

MIDA adopts a cautiously optimistic outlook

Being located in the Asia Pacific rim and the centre of ASEAN, Malaysia remains an attractive investment destination, particularly with a favourable investment environment, including the availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries, skills and trainable workforce, as well market opportunities offered through the 16 Free Trade Agreements that Malaysia has signed. Malaysia maintained its strong position globally, ranking the second-highest in Southeast Asia and twelve (12th) out of 169 countries for trade connectivity in the DHL Global Connectedness Index (GCI) report in 2019. According to a recent joint study by KPMG and The Manufacturing Institute in the US entitled “Cost of Manufacturing Operations around the Globe”, Malaysia is ranked fourth among 17 economies in an assessment comparing the economy’s competitiveness as a manufacturing hub, which is ahead of countries in Asia such as China, Japan, Vietnam and India. Malaysia is also ranked high at 12th in the World Bank’s Doing Business 2020 and 27th in the IMD World Competitiveness 2020. The above rankings by various agencies further reinforce Malaysia’s position as a competitive and an attractive investment location.

Looking ahead, MIDA has identified 240 high-profile foreign investment projects including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9 billion. These include on-going negotiations with a number of world-renowned companies from various sectors such as automotive, chemical, and advanced electronics and deep-tech to make Malaysia as high-value manufacturing and Global Supply Chain Hub as well as Services and Regional Operations hub. Supported by the rapid growth of adoption of digitisation, there are enormous opportunities for investors to explore emerging technologies such as Big Data Analytics, Cloud Computing, Artificial Intelligence and Internet of Things (IoT) to embrace new ways of doing business and create more technology collaborations. In this regard, MIDA is in negotiation with multinational companies for the establishment of Data Services. The investment on Data Services will accelerate Malaysia into the digital space that will move the country up the value chain in key economic segments, including the services sectors such as ICT, data analytics, design and development. Most of these projects are subject to Non-Disclosure Agreements (NDA), hence announcements will be made once negotiations are concluded.

Presently, MIDA has also received RM47.7 billion worth of potential investments into the country. These projects, once approved, are expected to be implemented within the year 2021 to 2022.

Despite the on-going international border closures and strict standard operating procedures (SOPs) in many countries to contain the spread of COVID-19, MIDA continues to be responsive in undertaking innovative and aggressive investment promotion initiatives to entice FDI through its established footprint of 20 overseas and 12 regional offices. MIDA actively organises various digital investment promotion programmes such as virtual webinars on local and international platforms.

The establishment of a One Stop Centre (OSC) in MIDA effective 2nd October 2020 to ease the movement of business travellers by expediting the approval of their entry into Malaysia, is a major initiative by the Malaysian Government. This Centre assumes a critical role in ensuring that Malaysia remains steady on the path of economic recovery and growth by enabling business travellers’ movement to do their business in Malaysia during the pandemic. As at 5 February 2021, a total of 5,861 Long Term and Short Term Business Travellers have been recommended for approval by the OSC. These business travellers include businessmen and technical experts who provide technical advisory services and installation commissioning of the machinery and equipment.

While inflows of FDI are crucial for the continued development of the economy, the role of domestic direct investments (DDI) is not to be underplayed, as outlined in the 11th Malaysia Plan. Domestic investments will continue to assume a leading role in the growth of the economy. Among the major strategies include creating Malaysian conglomerates by identifying potential companies to provide the necessary support; harnessing on outsourcing opportunities created by MNCs operating in Malaysia; enhancing the current incentive schemes to assist Malaysian companies to scale-up; and intensifying technology acquisition by Malaysian-owned companies. Notably, in the total investments approved for the period Jan-September 2020, DDI accounted for 61.2 per cent, or RM67.2 billion, while foreign direct investments (FDI) made up the rest.

Over the last five decades, MIDA has assumed the critical and pivotal roles in contributing significantly to Malaysia’s rapid industrial development particularly in the manufacturing and services sectors by promoting investments, both FDI and DDI. MIDA’s strategies have gone through various transformations, in-line with the changing dynamics of the global and domestic economic landscapes. Moving forward, the Government will continue to be at the forefront to entice more high-value investments in the areas of technology and innovation to position Malaysia as an alternative supply chain hub in Asia. The latest international ranking by KPMG has cemented Malaysia’s position as a competitive investment location for investors. Through policy reviews and targeted approaches, the Government will ensure that Malaysia remains as the preferred investment location with a favourable environment for quality investments in 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.

For more information, please contact:

Ms. Manjit Kaur Balkar Singh
Director, Corporate Communications Division, MIDA
Email: [email protected] | DL: +603-2267 3509

Malaysia Continues to be The Investment Destination for High-Value Manufacturing And Global Services in Asia

Kuala Lumpur, 4 February 2021 – The Malaysian Investment Development Authority (MIDA) congratulates CIMB on their recent launching of CIMB GreenBizReady, a one-stop sustainability solution for Malaysian Small and Medium Enterprises (SMEs). This is a contemporary platform to catalyse the transition of Malaysian SMEs towards the green economy. With an allocation of RM250 million, SMEs will be empowered through financial solutions and incentives such as sustainability-linked financing benefits, access to sustainability service providers, training and capacity building, certification and advisory services, and business matching with the support of industry leaders and related Government agencies.

Being the principal investment promotional partner to the business community in Malaysia, MIDA is eager to support this newly launched initiative in facilitating CIMB to bring in more investments in the green technology projects by providing the necessary assistance to the business stakeholders.

Starting from 2016 to September 2020, MIDA has approved 1,317 green technology projects of investments amounting to RM18.55 billion, apart from 63 green services companies with a total proposed operational expenditure of RM318.51 million, under the Green Technology incentives. These commendable figures indicate the potential of more substantial investment flows in green technology areas within the country.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA said “The COVID-19 pandemic has compelled economies to revisit their business strategies and operations to hold business revenues while building a more sustainable future. The CIMB GreenBizReady, reflects the commitment to assume a vital role in boosting the socio-economic development and growth of the green technology sector in Malaysia. The SMEs especially, will be equipped with practical knowledge and tools to incorporate economic, environmental and social (“EES”) considerations into their businesses in helping them becoming sustainability-ready for long-term business resilience.”

“More importantly, this platform is timely launched to assist green industry players to contribute in economic recovery whilst advancing Malaysia’s green agenda and aspiration for sustainable growth, in line with the United Nation’s Sustainable Development Goals (SDG)” said Dato’ Azman.

The Government continues to prioritise green adoption to spur economic multiplier effects by extending the incentives of Green Investment Tax Allowance (GITA) for the purchase of green technology assets and Green Income Tax Exemption (GITE) for the use of green technology services and systems until 2023. These incentives which were introduced in Budget 2014, cover green technology activities in green energy, green building, green data centre, integrated waste management and supporting services activities. The GITE is also extended for companies undertaking solar leasing activity under the Net Energy Metering (NEM) scheme.

MIDA is optimistic that by encouraging more investments in green projects and services, there will be increasing demands for the overall green technology industry; spurring a more vibrant domestic economy.

The details on tax incentives for Green Industry are available in MIDA official website at https://www.mida.gov.my/forms-and-guidelines/tax-incentives-for-green-industry/. For more information about CIMB GreenBizReady, please visit https://cimb.com.my/greenbizready or email at [email protected].

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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 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.

For more information, please contact:

Ms. Wan Hashimah Wan Salleh
Director, Green Technology Division
Email: [email protected] | DL: 603 2267 3540

MIDA and CIMB Cooperate in CIMB GreenBizReady – Sustainability Solution Platform for Malaysian SMEs

8 February 2018, Kuala Lumpur – “Kelantan is one of Malaysia’s vibrant destinations for investments, driven mainly in the services and agriculture sectors. Although the state is not usually associated with large scale industrial enterprises, the manufacturing sector continues to play a significant role in the overall state development, particularly in providing jobs and entrepreneurial opportunities towards increasing the living standards of people in Kelantan,” said Mr. Arham Abd. Rahman, Executive Director of Investment Promotion, Malaysian Investment Development Authority (MIDA) at MIDA Invest Series: “Unfolding States’ Business Potential” held today at its HQ. The event, third-of-its-kind, was a collaboration with the Kelantan State Economic Development Corporation (KSEDC).

As at September 2017, a total of 292 manufacturing projects have been approved in Kelantan with investments worth RM6.48 billion. Majority of these investments or 78% (RM5.04 billion) were from domestic sources, while the rest were from foreign sources. These projects have created over 38,500 job opportunities, mainly in the non-metallic mineral products, electrical & electronic products, wood and wood products, food manufacturing, machinery and equipment and basic metal products.

Notable foreign companies operating in Kelantan include CMNM Mining Group from Singapore, Esquel from Hong Kong, Manakas from Germany and Rohm Wako from Japan. These five companies have invested a total of RM1.1 billion and provided 2,872 jobs for Kelantan. While, our local players include Terang Nusa that manufactures surgical and examination gloves, Ain Medicare in the pharmaceutical industry, and Kompleks Perkayuan Kelantan that produces integrated sawn timber. These 3 local companies contributed total investments of RM336.0 million and provided 3,269 jobs for the state.

To unleash the untapped potential of Kelantan, YB Dato’ Sri Mustapa Mohamed, the Minister of International Trade and Industry (MITI) has established a Special Investment Committee in 2014, consisting of MITI, MIDA, ECERDC and State Government agencies, to further promote investments and enhance the required enablers in the state. This includes the specific development projects such as the Tok Bali Supply Base (TBSB) and Pasir Mas Halal Industrial Park (PMHP).

“MIDA has established a Task Force to facilitate and monitor the development of Tok Bali Supply Base (TBSB) and we have been actively promoting the area as a strategic oil and gas logistics hub. Today, we are pleased to see that this humble fishing port in Pasir Puteh has been transformed into a significant supply base to support offshore activities, in complementing the other supply bases in Kemaman and Labuan,” said Mr. Arham.

“MIDA is also collaborating with the ECERDC and KSEDC to attract more private investors to the Pasir Mas Halal Park (PMHP). Taking advantage of the growing demands for halal products, the Pasir Mas Halal Park concentrates on the production of high-value added additives and ingredients that has numerous applications, from food additives to raw materials for food and beverage industry. The project is expected to attract RM611 million in private investments and create more than 4,200 job opportunities by 2020,” he added.

More than 80 participants attended the event that featured Tuan Haji Mazli Zakuan bin Mohd Noor, Group Deputy Chief Executive Officer (Corporate Affairs) of KSEDC, who provided the latest development and investment opportunities available in Kelantan.

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For more information, please contact:

Mr. Ahmad Tajudin Omar

Director, Domestic Investment & Supply Chain Coordination Division, MIDA

Tel.: 03-2267 3627 | Email: [email protected]

Download:

Speech by Mr. Arham Abdul Rahman, Executive Director Investment Promotion – MIDA Invest Series Kelantan

 Slide Presentation by Kelantan State economic Development Corporation

Kelantan Attracts RM6.48 Billion Of Approved Investments As At September 2017

Norman Process Oils Malaysia Plant Sdn Bhd, a subsidiary of Orgkhim Biochemical Holding from Russia is building a USD50 million (RM200 million) facility at Tanjung Langsat, Pasir Gudang to manufacture petroleum-based extender oils used in tires, synthetic rubbers and rubber compounds

Johor Bahru, 12 February 2018 – Norman Process Oils Malaysia Plant Sdn Bhd, a subsidiary of Orgkhim Biochemical Holding from Russia is building a USD50 million (RM200 million) facility at Tanjung Langsat, Pasir Gudang to manufacture petroleum-based extender oils used in tires, synthetic rubbers and rubber compounds.

The Malaysian facility will supply markets in the Asia Pacific region with a particular focus on China as well as other established markets including Malaysia and Singapore. The 70,000 tons per annum unit will produce the company’s TDAE (treated distillate aromatic extract), TRAE (treated residual aromatic extract) and S-RAE (safe RAE, “green” analogue of traditional RAE) products.

The Groundbreaking Ceremony was attended by YB Datuk Tee Siew Kiong, Chairman of Johor State Tourism, Domestic Trade and Consumerism Committee, who represented the Chief Minister of Johor. Also present were Dato’ Azman Mahmud, Chief Executive Officer of Malaysian Investment Development Authority (MIDA), Mr. Nikolay Khodov, CEO of Orgkhim Biochemical Holding and Mr. Aleksandr Volkov, Director, Norman Process Oils Malaysia Plant.

Speaking at the event, Dato’ Azman said, “This investment does not only demonstrate your confidence in Malaysia’s long-term investment propositions, but also the thriving state of the chemical industry in the country. We are excited that upon completion of this project, Orgkhim will be the first company to produce carcinogen-free RPOs in Malaysia. It will strategically put Malaysia on the map as one of the few places in the world producing this premium specialty and eco-friendly chemical. Malaysia will certainly benefit from the sizeable patented technology transfer into the country.”

“The direct users of this specialty material, especially companies in the tire and rubber industry, will benefit much from the presence of Orgkhim here. They will be able to source for more cost-competitive raw materials and improve the quality of their output, resulting in safer and more EU compliant products that are fit for export purposes. When fully implemented, a total of 69 Malaysians will have the opportunity to work with this international company. Local vendors can also leverage on business opportunities arising from the many services required by the plant operation,” added Dato’ Azman.

Orgkhim Biochemical Holding is the top Russian and second worldwide producer of safe petroleum-based extender oils for “green” tires production around the world. Continental, Goodyear, Pirelli, Hankook and other big global tire makers have chosen Orgkhim’s NORMAN low-PCA processing oil made in the Russian town of Uren near Nizhny Novgorod area, and supplied to their production units in Europe, Africa and Asia.

“Today, we supply China and Korea and other Asian countries directly from Russia. Our volumes are growing so we will easily move production of these volumes to Malaysia,” said Orgkhim’s Head of Marketing.

According to MIDA’s record, as at September 2017, a total of 2,073 manufacturing projects in the chemical industry have been approved with investment worth RM96.5 billion. Out of the total, 59.5% (RM57.4 billion) was from foreign sources while the balance of 40.5% (RM39.1 billion) was from local sources. These projects have created a total more than 97,000 jobs for the country.

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For more information, please contact:

Ms. Doreen Yeo

Tel : +6012-2793493

Email: [email protected]

Ms. Umarani Muniandy

Director, Chemical & Advanced Materials Division, MIDA

Tel.: 03-2267 6678

Email: [email protected]

About ORGKHIM:

Russia’s ORGKHIM Biochemical Holding, a Nizhny Novgorod-based holding, plans to build a USD 50 million facility in Malaysia to manufacture petroleum-based extender oils used in tires, synthetic rubbers and rubber compounds.

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. 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 23 overseas offices. Moving forward, MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era.

Download: 

CEO Speech at Orghkim Groundbreaking Ceremony

Orgkhim’s Johor plant to be the First Producer of Carcinogen-Free Rubber Process Oils (RPOs) in Malaysia

The East Coast Railway Line (ECRL) project, Malaysia-China Kuantan Industrial Park (MCKIP), Kuantan Port expansion and Tanjong Agas Oil & Gas and Logistic Industrial Park lend an air of optimism for the state of Pahang that sets to woo investments from both foreign and local investors into the state

23 February 2018, Kuala Lumpur – The East Coast Railway Line (ECRL) project, Malaysia-China Kuantan Industrial Park (MCKIP), Kuantan Port expansion and Tanjong Agas Oil & Gas and Logistic Industrial Park lend an air of optimism for the state of Pahang that sets to woo investments from both foreign and local investors into the state.

“These projects will be an impetus to attract more quality investments into Pahang, particularly in targeted sectors. With so much room available for new investment, expansion and diversification, we look forward to more companies taking advantage of the established ecosystem and facilities that Pahang has to offer,” said Mr. Arham Abdul Rahman, Executive Director of Investment Promotion, Malaysian Investment Development Authority (MIDA) in his welcoming remarks at the MIDA Invest Series event held this morning at MIDA Headquarters.

The ECRL project will be the game changer for industries and existing developments on the east coast region that will see the emergence of additional trade routes. The project, which is expected to be completed in 2024, will link several key east coast industrial hubs such Kertih Port, Kemaman Port and Kuantan Port directly to the west coast of the peninsular.

The MCKIP, Malaysia’s first industrial park with ‘National Park’ status will drive more investments in heavy industry as well as high end and high technology industry such as steel and non-ferrous metals; machinery and equipment manufacturing; clean technology and renewable energy; oil and gas; petrochemical; electrical and electronics as well as research and development. MCKIP will grow to become an important economic driver with the aim of creating 19,000 jobs by 2020.

The multi-cargo Kuantan port leverages on its strategic location facing the South China Sea to be expanded to include a New Deep Water Terminal (NDWT). This leading petrochemical hub port and container terminal in the east coast region will double its capacity to 52 million freight weight tonnes (FWT) and is expected to emerge as one of the fastest routes to major ports in China and Asia-Pacific markets, making MCKIP as a key investment hub in Asia Pacific.

The Tanjong Agas Oil & Gas and Logistic Industrial Park sets to become the supply base and marine services hub for modern and complete facilities for the oil and gas industry. It will help spur the economic development and attract additional investments in Malaysia’s maritime and oil and gas business sectors. The park is expected to contribute RM30 billion to the Gross National Income and create 30,000 jobs by 2020.

Mr Arham said, “Not only do these projects strengthen the state’s comprehensive ecosystem; but they also improve the production and logistical efficiency; reduce the cost of doing business, and support greater flow of trades and investments into the state. We trust that these projects will further stimulate Pahang’s economic growth and create high value jobs for its people.”

As at September 2017, a total of 698 manufacturing projects have been approved in Pahang with investment worth RM43.1 billion. Majority of these investment or 56% (RM24.0 billion) were from foreign sources, while the rest (44% or RM19.1 billion) were from domestic sources. These projects have created over 90,000 job opportunities, mainly in the petroleum products, basic metal products, chemical and chemical products, electronics and electrical products, and non-metallic mineral products. Notable companies operating in Pahang include BASF Petronas Chemical, RP Chemicals, Kinsteel Berhad, CSWind Malaysia (formerly known as Eco Tower), Straits Cement, Polyplastics Asia Pacific and Kaneka.

“Much of these successes are the direct result of the close working relationship between the federal and state Government to develop and improve the state’s standing in the country. These efforts, particularly in delivering the high-impact projects and public infrastructures, have been ongoing, big and strong,” added Mr. Arham.

MIDA Invest Series is an initiative undertaken by MIDA since early January 2018 to promote a competitive economy with equitable development among all states in Malaysia. The fourth run in this series featured a presentation by YH Dato’ Haji Ahmad Sabri bin Hussin, Deputy Chief Executive Officer, Operation of Pahang State Development Corporation on investment prospects of Pahang and its latest developments.

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For more information, please contact:

Mr. Ahmad Tajudin Omar

Director, Domestic Investment and Supply Chain Coordination Division, MIDA

Tel.: 03-2267 3627 | Email: [email protected]

Download:

Speech by Mr. Arham Abdul Rahman, Executive Director Investment Promotion – Pahang Special Briefing

Slide Presentation by PKNP

Pahang, A Big State with Big Opportunities for Investors

India continues to be one of Malaysia’s important sources of FDI, particularly in the manufacturing sector and remains to be among the top 20 investors in the country. As at September 2018, a total of 135 manufacturing projects with participation from India have been implemented. These investments, valued at RM5.5 billion have created more than 15,000 jobs for the country. Majority of these investments were in the textiles and textile products, chemical and chemical products, paper and printing, non-metallic mineral products, electronics and electrical products and basic metal products

14 Feb 2019, Kuala Lumpur – India continues to be one of Malaysia’s important sources of FDI, particularly in the manufacturing sector and remains to be among the top 20 investors in the country. As at September 2018, a total of 135 manufacturing projects with participation from India have been implemented. These investments, valued at RM5.5 billion have created more than 15,000 jobs for the country. Majority of these investments were in the textiles and textile products, chemical and chemical products, paper and printing, non-metallic mineral products, electronics and electrical products and basic metal products.

Notable Indian companies that have made Malaysia their manufacturing base include Reliance Group in textiles and textile products, RP Chemical in chemical and chemical products, Ranbaxy in pharmaceutical products and Tamco Switchgear in the electrical and electronics products industry. Indian firms have also ventured actively into the country’s services sectors. These include ICICI Bank Limited in the finance sector; Wipro, Infosys and Tata Consultancy in IT services; Sky Blue Media in the media advertising sector; and Manipal International in the education and healthcare sector.

“Despite the favourable account of Indian investments in Malaysia, MIDA believes that there is much more room for Indian investors to increase their footprints in the Malaysian economy. We have been intensifying our investment promotion efforts, which include identifying specific projects looking for foreign investors as well as leveraging on strategic partnerships with business associations. Today, we are happy to renew our partnership with the Confederation of Indian Industry (CII) through the signing of a Memorandum of Understanding (MoU). This will strengthen our engagements in providing rewarding exchanges to both our business communities, especially with CII’s 9,000 members including SMEs and MNCs in various areas,” said Dato’ Azman Mahmud, CEO of the Malaysian Investment Development Authority (MIDA).

The MoU was signed by Mr Arham Abdul Rahman, Deputy CEO of MIDA and Dr. Noushad Forbes, Chairman, International Council of CII at the MITI Tower, in conjunction with the 8^th Malaysia- India CEO Forum (MICEOF) today. Previously, MIDA has signed the MoU with CII back in 2000 and since then, both parties has undertaken many collaboration and programmes to strengthen Malaysia-India business opportunities. Among them include the CII Partnership Summit in 2014 and India-Malaysia Business Forum in 2017, as well as various networking and business matching sessions with Indian companies organised by MIDA and CII.

“As this MoU will bring a stronger commitment from both parties, I am confident that this collaboration will further drive quality investments into Malaysia in the years to come. Having CII members with experience in doing business with Malaysia will be beneficial in bringing relevant and interesting insights to other Indian investors. By working closely to achieve the deliverables contained in the MoU, MIDA and CII will indirectly contribute to the strengthening of bilateral relationship between both countries that has been growing over the past 62 years,” added the CEO of MIDA.

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For further information, please contact:

Mr. Nelson Samuel

Director, Foreign Investment Promotion, MIDA

Tel: 03-2267 3787 Email: [email protected]

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. 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.

ABOUT CII

Confederation of Indian Industry (CII) is society registered under Societies Registration Act, 1860 and is a non-government, not-for-profit, industry-led and industry-managed organisation, playing a proactive role in India’s development process. Founded in 1895, India’s premier business association has around 9,000 members, from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 300,000 enterprises from around 265 national and regional sectoral industry bodies. CII works to create and sustain an environment conducive to the development of India, partnering industry, Government, and civil society, through advisory and consultative processes.

Indian Investors to Capitalise on Business Opportunities in Malaysia

Negeri Sembilan continues to be one of the recipients of investments in the country despite the challenging global economic environment

Manufacturing Projects Implemented In Negeri Sembilan Created Over 100,000 Jobs to the State

​The National Committee on Investment (NCI), co-chaired by YB Datuk Darell Leiking, Minister of the International Trade and Industry (MITI) and YB Tuan Lim Guan Eng, Minister of Finance (MOF) kick-started the year 2020 with five approved manufacturing and services projects worth RM4.6 billion on 30 January 2020. These projects will be located in Pulau Pinang, Kedah, and Pahang

Malaysia Kick Starts 2020 with RM4.6 Billion Of Approved Investments

Lam Research Corporation (Nasdaq: LRCX), in collaboration with the Malaysian Investment Development Authority (MIDA) today announced that Lam has selected Batu Kawan Industrial Park in Penang, Malaysia as the location for a new advanced technology production facility

KUALA LUMPUR, February 4, 2020 – Lam Research Corporation (Nasdaq: LRCX), in collaboration with the Malaysian Investment Development Authority (MIDA) today announced that Lam has selected Batu Kawan Industrial Park in Penang, Malaysia as the location for a new advanced technology production facility.

“MITI and MIDA have been hard at work to entice more quality investments globally, particularly in the areas of technology and innovation to propel Malaysia to greater heights. This project, in particular, will ultimately create new opportunities for local businesses and vendors as well as high-value jobs for Malaysians.” said YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI).

The new facility will be 700,000 square feet at the initial phase; with the opportunity to expand in the future. Construction is expected to begin in early 2020, with the first shipment by 2021. With the new facility, it is projected that there will be up to approximately 350 jobs added over the next three years, including roles in manufacturing, facilities and on-site shipping and receiving.

The Minister of Finance, YB Mr Lim Guan Eng, said, “The establishment of Lam Research’s new advanced technology production facility in Batu Kawan is a mark of confidence in the capacity and promise of sustainable growth of the Malaysian economy, especially in the manufacturing sector. We are confident that Malaysia’s attractive talent pool, facilitative investment environment, as well as its deep integration with the international supply chain, offers the right mix for the high-tech sectors.”

Lam’s global operations are essential to its success in quickly delivering innovative technologies to its customers worldwide. This expansion adds to Lam’s existing global production footprint with locations in the United States, South Korea, and Austria.

“We are excited to partner with the Government of Malaysia, specifically with the state of Penang, as we add to our global footprint,” said Kevin Jennings, Senior Vice President, Global Operations of Lam Research. “This facility is additive to Lam’s global operations and enables us to provide additional capacity, ensure business continuity for critical activities, and most importantly, improve our speed to solutions by being closer to customers and suppliers in the region.”

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About Lam Research

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. As a trusted, collaborative partner to the world’s leading semiconductor companies, we combine superior systems engineering capability, technology leadership, and unwavering commitment to customer success to accelerate innovation through enhanced device performance. In fact, today, nearly every advanced chip is built with Lam technology. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. (LRCX-B)

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 and Facebook.

Caution Regarding Forward-Looking Statements

Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited: timing of construction and commencement of operations of the new facility, number and timing of new job opportunities, and benefits to Lam’s operations, business continuity and speed to solutions that may result from the new facility. These statements are based on current expectations and are subject to risks, uncertainties, and changes in condition, significance, value and effect, such as construction delays, regulatory requirements, risks related to recruiting and hiring, and other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically our annual report on Form 10-K for the fiscal year ended June 30, 2019 and our quarterly report on Form 10-Q for the fiscal quarter ended September 29, 2019. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this release.

For media queries, please contact:

Lam Research

Malaysian Investment Development Authority (MIDA)

Mr. Jeyasigan Narayanan Nair

Director, Machinery and Metals Division

03-2267 6711| [email protected] 

Lam Research to Expand Global Footprint

Promote Economic Accelerator Projects along ECRL Corridor

27 February 2020, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA), in collaboration with the East Coast Economic Region Development Council (ECERDC), UOB Malaysia and Viknesh & Yap Law Firm, organised a briefing session namely, “The Growing and Expanding Opportunities in the East Coast Economic Region” today. With over 100 participants from various industries, the event featured a line-up of speakers who provided insights on business opportunities and facilities available for companies to invest in the Economic Accelerator Projects (EAPs) along the ECRL Corridor.

In his welcoming remarks, Mr. Ahmad Khairuddin Abdul Rahim, Deputy Chief Executive Officer II of MIDA said, “MIDA is optimistic that through the EAPs, this rail project will contribute towards bridging the development gap between the east and west coasts of Peninsular Malaysia, given the potential growth for industrial, commercial and tourism sectors in the region. Companies must take advantage of the various initiatives that are available such as Pioneer Status, Investment Tax Allowance, Automation Capital Allowance and grants such as the Domestic Investment Strategic Fund (DISF) and Digital Transformation Acceleration Programme (DTAP) to grow their business in the country. MIDA is ever ready to assist domestic and foreign investors in expanding their investment here.”

The EAPs include the development of industrial parks in the East and West Coasts of Peninsular Malaysia to attract trade and investments along the ECRL corridorfrom both local and international investors alike. It also involves the establishment of logistics hubs at transport interchanges to promote connectivity and transportation of goods under the ECRL project, as well as transit-oriented development (TOD) stations to encourage new development and to support the growth of industrial parks.

As of June 2019, a total of 334 manufacturing projects have been implemented in the East Coast Region, with investments of RM34.6 billion. Of these, 63.3 per cent of the investments are derived from foreign sources and are mainly in industries for petroleum products (including petrochemicals), basic metals, chemicals and chemical products, electrical and electronics (E&E) products as well as rubber products. These projects have been instrumental in creating over 33,000 job opportunities in the country.

Encik Baidzawi Che Mat, Chief Executive Officer of ECERDC, credited the ecosystem of public-private partnership, implementation of strategic infrastructure projects and inclusive human capital programmes, which have turned ECER into an attractive investment destination resulting in the Region’s rapid growth.

“We have achieved significant progress despite the global economic challenges by working closely with the relevant government agencies and the private sector to attract and facilitate more private investments in the ECER. With what has been achieved in the ECER so far, we are confident that our Region has begun the next leap of socio-economic growth. As we continue to work closely with MIDA and other domestic and international investors, we will continue to spearhead ECER’s rapid growth to become a competitive, dynamic and vibrant investment destination. This, in return, will benefit the rakyat through the creation of jobs and entrepreneurial opportunities,” said En Baidzawi.

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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 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.

About East Cost Economic Region Development Council (ECERDC)

The East Coast Economic Region (ECER) was established to ensure equitable distribution of wealth across the country, in line with national aspirations to become a high-income developed nation. ECER covers 51% of Peninsular Malaysia which includes the states of Kelantan, Terengganu, Pahang and the district of Mersing in Johor. It is home to 4.8 million people and is a rapidly transforming region that is steadily positioning itself as a distinctive, dynamic and competitive destination for investments. The economic growth in the Region is driven by six key economic clusters, namely Tourism, Oil, Gas and Petrochemical, Manufacturing, Agribusiness, Human Capital Development, Logistics and Services. These clusters are supported by developments in Transportation, Infrastructure, Property and Environment to make the Region an ideal destination for business, investments and quality living.

In continuing the socio-economic transformation of the Region, the ECER Master Plan 2.0 (EMP2.0) sets out comprehensive strategies and plans to guide the development of the Region until 2025. ECERDC has identified six (6) strategic initiatives under EMP2.0 that give equal emphasis on both the socio-economic development and the rakyat. The strategic initiatives consist of increasing labour productivity, diversifying the economic base, facilitating economies of scale, mobilising the labour force, leveraging connectivity, and enhancing the enabling infrastructure that will propel ECER in its next leap forward.

About United Overseas Bank (UOB)

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) was incorporated in 1993 but has had a presence in Malaysia since 1951. UOB Malaysia is rated among the top banks in Malaysia with a long-term ‘AAA’ rating from Ratings Agency Malaysia. Guided by our rich heritage and values, we have built lasting relationships with our customers and continue to ensure we act in their best interest by delivering solutions that meet their financial goals and suit their lifestyles and preferences. Today, UOB Malaysia has 45 branches across the country and has the largest branch network of any foreign bank operating in Malaysia.

UOB Malaysia offers its retail and commercial customers a broad range of products and solutions that best suit their lifestyles, preferences and business life cycles. These range from personal financial services, corporate and commercial banking, investment banking and treasury services to wealth management and Islamic banking.

For more information:

Mr. Nazuki Abdullah

Director, Domestic Investment and Supply Chain Coordination Division, MIDA

Tel : 03-2267 6633 | Email: [email protected]

Mr. Saifol Bahri Mohamad Shamlan

General Manager, Investor Management Division, ECERDC

Tel : 03 2035 0000 | Email: [email protected]

Mr. Ahmad Faizal Bin Abdul Rahim

Vice President, Product Training, Islamic Banking Division, UOB

Tel : 03-2772 6630 | E-Mail: [email protected]

Download:

Speech by DCEOII of MIDA: The Growing And Expanding Opportunities

MIDA

ECERDC

UOB

V&Y

MIDA Join Hands with ECERDC, UOB Malaysia and Viknesh & Yap Law Firm

250,000 square-foot facility to create up to 800 jobs over the next five years

Smith+Nephew, the global medical technology business, is pleased to announce the start of construction of its new high technology manufacturing facility located in Batu Kawan Industrial Park in Penang, Malaysia.

The occasion was graced by the attendance of Y.A.B. Tuan Chow Kon Yeow, Chief Minister of Penang, who said: “On behalf of the Penang State Government, I wish to congratulate Smith+Nephew on this milestone – ground-breaking of its first South-East Asia manufacturing facility. The medical technology and devices industry is playing an increasingly important role in Penang. Today, including Smith+Nephew, 8 out of 30 top global medical devices companies, based on 2018 revenue, are operating or have announced their investments in Penang. I foresee that Penang will continue to gain traction in attracting global players in the medical devices industry.”

The 250,000 square-foot new facility will primarily support Smith+Nephew’s Orthopaedics franchise, which has been growing strongly in the Asia Pacific region, creating up to 800 new local jobs over the next five years. This will include roles in manufacturing, engineering and supply chain.

Mark Gladwell, President of Global Operations, Smith+Nephew, who opened the ground-breaking ceremony, said: “We are delighted to start work on this new facility which will be an important addition to our global manufacturing footprint. I look forward to seeing the development of the new site, and, as we move forward, welcoming new employees to Smith+Nephew.”

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, also in attendance, said: “We are proud that Smith+Nephew has recognised Malaysia as an ideal home to meet its burgeoning regional demands. Given the vibrant business environment prevailing in the country, we are optimistic that Smith+Nephew will benefit from the established ecosystem and facilities that Malaysia and specifically Penang, offers. The presence of Smith+Nephew will contribute to raising the standard of our medical devices industry and in turn, lift Malaysia to centre stage in the global investment arena of medical technology manufacturing.”

ENDS

Enquiries

Job Enquiries

[email protected]

About Smith+Nephew

Smith+Nephew is a portfolio medical technology business that exists to restore people’s bodies and their self-belief by using technology to take the limits off living. We call this purpose ‘Life Unlimited’. Our 17,500+ employees deliver this mission every day, making a difference to patients’ lives through the excellence of our product portfolio, and the invention and application of new technologies across our three global franchises of Orthopaedics, Advanced Wound Management and Sports Medicine & ENT. Founded in Hull, UK, in 1856, we now operate in more than 100 countries, and generated annual sales of $5.1 billion in 2019. Smith+Nephew is a constituent of the FTSE100 (LSE:SN, NYSE:SNN). The terms ‘Group’ and ‘Smith+Nephew’ are used to refer to Smith & Nephew plc and its consolidated subsidiaries, unless the context requires otherwise.

For more information about Smith+Nephew, please visit www.smith-nephew.com and follow us on Twitter, LinkedIn, Instagram or Facebook.

^{Forward-looking Statements}

^{This document may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue growth and trading margins, market trends and our product pipeline are forward-looking statements. Phrases such as “aim”, “plan”, “intend”, “anticipate”, “well-placed”, “believe”, “estimate”, “expect”, “target”, “consider” and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. For Smith+Nephew, these factors include: economic and financial conditions in the markets we serve, especially those affecting health care providers, payers and customers; price levels for established and innovative medical devices; developments in medical technology; regulatory approvals, reimbursement decisions or other government actions; product defects or recalls or other problems with quality management systems or failure to comply with related regulations; litigation relating to patent or other claims; legal compliance risks and related investigative, remedial or enforcement actions; disruption to our supply chain or operations or those of our suppliers; competition for qualified personnel; strategic actions, including acquisitions and dispositions, our success in performing due diligence, valuing and integrating acquired businesses; disruption that may result from transactions or other changes we make in our business plans or organisation to adapt to market developments; and numerous other matters that affect us or our markets, including those of a political, economic, business, competitive or reputational nature. Please refer to the documents that Smith+Nephew has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Smith+Nephew’s most recent annual report on Form 20-F, for a discussion of certain of these factors. Any forward-looking statement is based on information available to Smith+Nephew as of the date of the statement. All written or oral forward-looking statements attributable to Smith+Nephew are qualified by this caution. Smith+Nephew does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Smith+Nephew’s expectations.}

^{◊ Trademark of Smith+Nephew. Certain marks registered US Patent and Trademark Office.}

Download:

Speech by CEO of MIDA_Smith+Nephew Groundbreaking Ceremony (**Corrupted PDF File)

Smith+Nephew ‘breaks ground’ on new high technology manufacturing facility in Penang, Malaysia