Nine Malaysian Aerospace Companies Participated in 2018
LANGKAWI, March 27 (Bernama) -- The Malaysian Investment Development Authority (MIDA) continues to explore opportunities for collaboration between local industry players and international aerospace companies through its ‘Industrial Linkage’ programmes. The first programme was held in Turkey last year and was participated by nine Malaysian companies. The initiative has led to a signing of a Memorandum of Understanding (MOU) between the Malaysian Aerospace Industry Association (MAIA) and Turkish Aerospace. Another way forward is to establish a consortium between Malaysian companies and Turkish companies to explore potential business opportunities between both countries.
During the Langkawi International Maritime and Aerospace (LIMA) Exhibition 2019, MIDA took the opportunity to organise a Seminar on the Aerospace Industry with the theme, ‘Gearing Up Towards Future Technologies’. The half-day seminar, which attracted 150 local and foreign participants, was officiated by Dato’ Lokman Hakim Ali, the Secretary-General of the Ministry of International Trade and Industry (MITI). Also present was Dato’ Azman Mahmud, Chief Executive Officer of MIDA.
The event was part of MIDA’s on-going engagement to enhance the competitiveness of the industry and discuss on the requirements of high technology industries and some of the new emerging technologies that will be the game changer for the aerospace industry in Malaysia. It featured speakers from Rolls-Royce, Composites Technology Research Malaysia (CTRM) and MTC Aerosystems who are leading experts in the industry. On talent development and research and technology elements, the speakers were from Universiti Kuala Lumpur Malaysia Institute of Aviation Technology (UniKL-MIAT) and Strand Aerospace Malaysia respectively.
Malaysia has the right ingredients to be the outsourcing centre for aerospace products and services. Since the launch of MEASAT-1 and first Malaysia Aerospace Industry Blueprint, the industry has maintained positive growth. The country is now recognised for its design and manufacturing capabilities of composites, aircraft components and avionics systems. Over the years, the country has developed a strong supply chain, consisting of both global and local industry players, supplying to global companies such as Airbus, Boeing and Rolls Royce. Based on the industrial ecosystem that has been established throughout the years, the industry has a lot of potentials.
For the period of January-December 2018, eleven projects were approved in the aerospace industry with investments of RM816 million. Foreign investments amounted to RM338 million (41%). The majority of these investment (RM478 million or 59%) were from domestic investments. The approved projects are expected to generate a total of 2,442 employment opportunities.
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. From the Rolls Royce supply chain conference, there are now on-going business engagements between Rolls Royce and nine Malaysian companies to further explore future collaborations.
Source: Malaysian Investment Development Authority (MIDA)
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Mr. Zahirul Ishak
Transportation Technology Industry Division, MIDA
Tel: 03- 2267 6621
Email: zahirul@mida.gov.my
--BERNAMA
