Malaysia Welcomes Another Homegrown Aerospace Company
Boss Aerosystem Opens Manufacturing and Fabrication Facility in Penang
Kuala Lumpur, 8 March 2019 – Malaysia welcomes another homegrown aerospace company with the opening of Boss Aerosystem’s manufacturing facility at the Bukit Minyak Industrial Park, Pulau Pinang today. Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA in his opening speech at the event said, “It is indeed a point of national pride to have Boss Aerosystem to be part of the international supply chain. We look forward to more local companies emulating Boss Aerosystem and become global champions. Industry players are encouraged to leverage on facilities and platforms made available by the Government as Malaysia has all the right ingredients for the aerospace industry to flourish.”
Aerospace is a fast growing industry in Malaysia. It has been growing at an average of 5% over the past 10 years and continues to generate high skilled jobs, and develop an ecosystem of suppliers in the country. Malaysia is presently home to more than 230 companies, which are involved in maintenance, repair and overhaul (MRO), aero-manufacturing, education and training, systems integration, and engineering & design activities.
Malaysia has developed a strong local supply chain, which consists of both foreign and local industry players. The country is pushing for further development in the MRO activities, and manufacturing of parts and components to boost market penetration.
“MIDA continues to explore opportunities for collaboration between local industry players and international aerospace companies through our ‘Industry Linkage’ programmes. The first Industry Linkage programme was held last year in Turkey which was participated by 9 Malaysian companies. This year, as a continuity we plan to organise 3 more of such programmes,” added the MIDA CEO.
MIDA’s other initiatives include its Supply Chain Conferences with Tier 1 and Tier 2 companies. The most recent conference organised by MIDA was with Rolls Royce in December 2018. Such events aim to facilitate local vendor development and enhance the capabilities of Malaysian companies in supporting MNCs’ operations.
Speaking on an upcoming engagement, Dato’ Azman highlighted that MIDA will be participating in the upcoming Langkawi International Maritime and Aerospace Exhibition (LIMA ’19) from 26 to 30 March. “We will be part of the Malaysian Pavillion to promote the Government’s initiatives in developing the aerospace industry, which also includes the ship building and ship repair (SBSR) industry. In addition, MIDA will be having a seminar on the aerospace industry on 27 March at LIMA. I would like to invite all industry players and relevant stakeholders to join us at our event,” said the MIDA CEO.
For more information, please contact:
Mr. Zahirul Ishak
Director, Transportation Technology Division
Malaysian Investment Development Authority (MIDA)
Tel: 03-2267 6621
Email: [email protected]
Connect with us today @OfficialMIDA on Twitter, Facebook, Youtube and Instagram.