The Malaysia France Chamber of Commerce (MFCCI), organised a business luncheon with the Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) on 10 February 2020 at Cyberview Lodge, Cyberjaya. The business luncheon was attended by H.E. Frédéric Laplanche, French Ambassador to Malaysia and around 100 existing French companies in Malaysia and Singapore.
During the event, Dato’ Azman Mahmud, CEO of MIDA shared the performance and trend of investments from France in Malaysia. He also highlighted the Lighthouse factory concept that serves as real-world evidence of Industry 4.0 company which demonstrate how forwardthinking engagement of technology can create a better, cleaner world through new levels of efficiency in manufacturing.
France is a significant investor in Malaysia. Malaysia hosted 30 out of the 40 top French companies listed on the main French index of NYSE Euronext.
Notable companies with French interests operating in Malaysia include ST Microelectronics, Arkema, Airbus, Safran, Saint- Gobain, Air Liquide, Monin, Technip FMC and Decathlon.
There is a growing trend of French companies leveraging Malaysia as their hub in the ASEAN region. Among the companies are Saint Gobain with their established operational headquarters; Monin with their regional distribution centre; Air Liquide’s Smart Innovative Operations Centre as well as the Naval Group’s development centre for their Combat Monitoring System (CMS).