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Old March 23rd, 2017, 09:33 AM   #41
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Global Turbine Asia invests RM50mil in new manufacturing facility
Wednesday, 22 March 2017 | MYT 4:42 PM

Quote:
LANGKAWI: Global Turbine Asia Sdn Bhd (GTA), a Malaysian aerospace maintenance, repair and overhaul (MRO) company, is investing RM50mil on its manufacturing facility, which will be fully completed in 2019.

In a statement, the company said the facility was in line with GTA’s intention to expand its activities for M88 engines tools and aircraft parts manufacturing.

GTA chairman and chief executive officer Datuk Nonee Ashirin Mohd Radzi said the facility would be located on eight acres of land in the Subang Aerospace Park. The GTA Manufacturing Facility is proof of GTA’s commitment towards the government’s aim to become Southeast Asia’s aerospace hub in 2030.

“We are investing RM50mil on the facility’s infrastructure, machinery, equipment as well as on training” she said in the statement.

“As a country, we have the talent and the expertise to drive the industry’s growth. At GTA, we believe in capacity building, which is why we will have a special training programme, which is dedicated towards producing highly skilled workers, specialising in the aerospace industry.

“The facility will create job opportunities and has received significant support from key institutional bodies such as the Malaysian Industrial Development Authority, National Aerospace Industry Coordinating Office, Malaysia External Trade Development Corporation and Malaysia Airports Holdings Bhd,” Nonee said.

The GTA manufacturing dacility preview was officiated by the International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

“The GTA manufacturing facility is proof that we have the capacity and the capability to make our mark in the aerospace industry.

“The aerospace industry in Malaysia is projected to contribute a total revenue of RM55.2bil to the economy by 2030, when we realise our aspiration for the country to become the Southeast Asia aerospace hub in Southeast Asia by 2030,” he said.
Read more at http://www.thestar.com.my/business/b...WCKbcohmzbd.99
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Old March 31st, 2017, 12:16 PM   #42
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Friday, 31 March 2017
Malaysia can be regional hub for Merc’s EEV ops



Vice-president Albert Yee said the company fully supported the government’s efforts to turn the country into a regional manufacturing hub for EEV.

Quote:
KUALA LUMPUR: Malaysia has the potential to become the regional hub for Mercedes-Benz Malaysia Commercial Vehicles to assemble and export its energy efficient vehicle (EEV) in the future, said vice-president Albert Yee.

He said the company fully supported the government’s efforts to turn the country into a regional manufacturing hub for EEV.

“There is definitely a possibility (to establish a hub in Malaysia). We would like to export more from this country.

“We have been in Pekan, Pahang for more than 10 years and there are no problems in terms of capacity capability.

“ So I believe there are lot of potential that can be exploited at this plant,” he said.

Yee was speaking to reporters after the signing of a memorandum of understanding between Mercedes-Benz Malaysia Commercial Vehicles and Biforst Logistics Sdn Bhd here yesterday.

The MoU is to formalise Biforst’s commitment to purchase electric-powered truck in Malaysia, FUSO eCanter, when the vehicle is available in the country. – Bernama
Read more at http://www.thestar.com.my/business/b...eZx8XM2sVic.99
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Old April 1st, 2017, 10:49 AM   #43
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Saturday, 1 April 2017
Boon Koon to assemble new light commercial vehicles
BY DAVID TAN


Goh: ‘The motorcycles will bear the brand name “BKM” (Boon Koon Motors).’


Quote:
NIBONG TEBAL: Boon Koon Group Bhd will use a portion of the RM22mil raised from the disposal of its stake in Hitachi Capital Malaysia Sdn Bhd to assemble new light commercial vehicles and motorcycles.

Group executive chairman Datuk Goh Boon Koon told StarBizWeek that the group already had the commercial and energy-efficiency vehicle licences to produce the light commercial vehicles and motorcycles at its plant in Nibong Tebal.

“We are now waiting for the economic environment to improve before launching the new products, which could be later this year or in 2018.

“The rest of the proceeds is for existing business and other new business, if any, and to defray expenses for the disposal of the stake,” he added.

Goh said the plan was to manufacture below 150cc motorcycles for the local market.

“The motorcycles will bear the brand name “BKM” (Boon Koon Motors).

“About 70% of the 500,000 bikes sold annually in the country are lower-cc motorcycles,” he said.

Goh said the group wanted to produce a new range of 1.5 litre light commercial vehicles because its current commercial vehicles, sold under the Viflex brandname, had become a popular brandname in the market since its launch in 2015.

“The new 1.5 litre light commercial vehicles will be marketed under the Boon Koon brandname.

“The new light commercial vehicle and lower-cc motorcycle business would be a significant contributor to the group’s revenue in the future,” Goh said.

He added that the group made the decision to sell its 25% stake in Hitachi Capital Malaysia because it did not fit into Boon Koon’s long term strategy.

“The proceeds can be invested in strategic businesses that complement the group’s long term business plan,” he said.

Boon Koon obtained the approval from its shareholders to dispose the stake at an EGM held on March 31.

Presently, Boon Koon generates over 80% of its revenue from its rebuilt commercial vehicle business, while its fork-lift rental and commercial vehicle segment contribute the remaining.
http://www.thestar.com.my/business/b...OrYPddQEliJ.99
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Old April 3rd, 2017, 12:48 PM   #44
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Monday, 3 April 2017 | MYT 5:04 PM
Chin Hin acquires Mi Polymer for RM35mil


Chiau shows one of his autoclaved aerated concrete product in Chin Hin's factory in Bukit Beruntung, Selangor.

Quote:
KUALA LUMPUR: Chin Hin Group Bhd has acquired Mi Polymer Concrete Pipes Sdn Bhd for RM35mil.

The move effectively positions the group as the first integrated sewage specialist in South-East Asia, with the ability to provide a full range of solutions.

Managing director Chiau Haw Choon said as an integrated building materials provider, the group manufactured a number of products for the sewage business solution.

“However, we noticed a gap in our product range, as we do not have pipes smaller than 450 millimeters, and this prevented us from becoming a one-stop supplier.

“This acquisition provides the missing link, effectively positioning us as the first integrated sewerage specialist in Southeast Asia,” he told reporters at the signing ceremony on the acquisition in Kuala Lumpur on Monday.

Given the current urbanisation trend, he saidu

He added that the region’s population was projected to grow from about 633 million in 2015 to 733 million in 2030, thus intensifying the need for sewage pipes.

On the local front, Chiau said the Malaysian government had allocated RM9bil under the National Sewerage Project, out of which RM510mil had been earmarked for this year.

He said this became the group’s immediate target, leveraging on its geographical proximity.

Further to the acquisition, Chiau said Mi Polymer had made a profit guarantee of RM6mil to the group this year and the would contribute positively to group earnings.

He said Mi Polymer was in midst of constructing its second factory costing RM2mil, which was expected to be completed by the end of this year.

The new factory will double the company’s production capacity to 44,000 tonnes.

Currently, Chin Hin’s orderbook stands at about RM300mil, including RM10mil from Mi Polymer, which would last the group for three years.

Chiau said the group had grown rapidly, achieving revenue exceeding RM1bil in the past six years, while net profit had doubled to RM44mil in 2016 from the previous year.

He added that the group aimed to maintain its double-digit growth in profit this year, on the back of its two core business segments - sewerage business and infrastrusture.

Moving forward, the group plans to tap into regional markets and participate in sewerage infrastructure tenders in Indonesia, the Philippines and Myanmar. - Bernama
Read more at http://www.thestar.com.my/business/b...gc82KQim59w.99
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Old April 3rd, 2017, 12:54 PM   #45
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Monday, 3 April 2017
Tier-one aerospace firm to invest in Malaysia
BY DAVID TAN



Quote:
LANGKAWI: A tier-one aerospace manufacturer is coming to invest in Malaysia, making it the first tier-one aerospace manufacturer to come to the country after a hiatus of 10 years.

This would spur the creation of high-income jobs in the country.

An International Trade and Industry Ministry (Miti) source said at the 14th Langkawi International Maritime and Aerospace Exhibition 2017 (Lima 2017) that negotiations were now on-going and should conclude by the end of of this year.

“The investment should benefit three to four small and medium enterprises (SMEs) in the country, create more high-value jobs, and contribute to realising the Aerospace Industry Blueprint 2015-2030 road map, launched in 2015,” the source said.

The tier-one Spirit AeroSystems, which is based in Wichita, Kansas, was the last aerospace manufacturing giant that invested in Malaysia in 2007.

The Miti source said this move would likely trigger another wave of tier-one manufacturing investments into the country to tap on the growing aerospace business in Malaysia over the next decade as projected by the blueprint.

“After Singapore, we are one of the strongest competitors in this region for aerospace investments.

“The other competitors are Indonesia and Thailand,” he said.

The tier-one aerospace manufacturer with plans to invest here is believed to be from the US.

Since the ascendancy of Donald Trump as the president of United States, there have been concerns whether US investments would flow back home.

In an exclusive interview with StarBiz recently, US ambassador Kamala Shirin Lakhdhir said that US companies in Malaysia made independent decisions based on the business environment and needs of the supply chain.

“US companies here produced for the global market and therefore make decisions according to the commercial environment.

“They have been here for decades and are still around because the Malaysian government has been very supportive in facilitating their investments.

“This why companies such as First Solar is committed to expanding in Malaysia,” she said.

She said the feedback received from the US companies so far had been positive. “The US investments here will either be maintained or grow further,” she added.

Fresh aerospace business opportunities are in the area of high-precision component manufacturing, with abundant opportunities for the transfer of advanced technologies in engineering, electronics, composite materials, system integration, maintenance, repair, overhaul (MRO) and industry-led research and technology.

“Since the implementation of the blueprint, SME Corp has nurtured 10 small and enterprises (SMEs) to produce aerospace parts and components.

“Another 10 are currently being identified to strengthen the aerospace manufacturing eco-system of the country.

“As business opportunities in the oil and gas industry are still limited due to the economic slowdown, we can expect more local SMEs with the machinery and capabilities to perform high-precision component manufacturing to diversify into the aerospace sector,” the source said.

Local SMEs with the machinery and high-precision manufacturing capabilities can obtain international certifications from regulatory bodies such as The Civil Aviation Authority, the Federal Aviation Administration and the European Aviation Safety Agency to play a role in the aerospace manufacturing eco-system.

According to the blueprint, launched during Lima 2015, the local aerospace industry is expected to generate a RM55.2bil revenue and 32,000 high-income jobs by 2030.

“The goals of the blueprint are very achievable because of the projection for future orders by Boeing and AirBus,” the source said

Boeing has forecast a need for over 39,600 airplanes valued at more than US$5.9 trillion over the next 20 years.

In its “About our Market: Current Market Outlook 2016-2035” report, Boeing said 38% or about 15,000 of the new airplanes would be delivered to Asia.

Airbus projects a need for 33,070 new passenger aircraft – valued at US$ 5.2 trillion – over the next 20 years, based on its latest Global Market Forecast (GMF): Mapping Demand report.

Meanwhile, Miti Minister Datuk Seri Mustapa Mohamed said the aerospace industry in the country was expected to grow at 7% in 2017, with the aerospace manufacturing sector contributing 55% to the aerospace industry revenue.
Read more at http://www.thestar.com.my/business/b...OARp4PPRDhz.99
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Old April 7th, 2017, 12:05 PM   #46
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Thursday, 6 April 2017 | MYT 11:30 PM
Like Proton, DRB-Hicom unit Modenas seeks strategic partner



Quote:
SHAH ALAM: Motosikal Dan Enjin Nasional Sdn Bhd (Modenas), a DRB-Hicom Bhd unit, has identified a strategic partner to better penetrate the motorcycle market, fortify niche market, fully use production plant in Gurun as well as strengthening its export.

DRB-Hicom Automotive Distribution, Manufacturing and Engineering chief operating officer, Datuk Abdul Harith Abdullah, said the company had been in discussions with the strategic partner for some time within closed doors.

“We have already finalised (the strategic partnership) and I will not say anything today. However, an announcement will be made within this year,” he told reporters in Shah Alam on Thursday.

He said the strategic partner would help Modenas come out with new models.

“We will give priority to this new collaboration,” he said.

Abdul Harith said the strategic partnership has to undergo some fine-tuning before announcement.

Abdul Harith said the strategic partnership would be a turning point for Modenas in the penetration of the motorcycle market, fortifying its niche segment, utilisation of its 120,000-unit Gurun production plant capacity.

This is in order to capitalise on the potential new market growth that we are looking at and we can do that without any major investment just model development, he said.

Abdul Harith said there was a big plan for Modenas including export programmes with the new partner.

“We need to work with a strategic partner who has the market base and the volume base as well as those who has the technology-based for us to work together.

“We need to work with those who are willing to work with us, because what we have is the marketplace, the volume base and to share on technology platform so that we don’t need to spend so much,” he said. - Bernama

Read more at http://www.thestar.com.my/business/b...1BmX1GuelHt.99
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Old April 15th, 2017, 07:51 AM   #47
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Matrix Concepts to benefit from IBS-manufacturing JV: HLIB
By NST Business - April 14, 2017 @ 10:39am



Analysts are reacting positively to Matrix Concepts Holding Bhd’s new joint venture (JV) to manufacture Industrialised Building Systems (IBS) prefabricated building materials. (File pix)

Quote:
KUALA LUMPUR: Analysts are reacting positively to Matrix Concepts Holding Bhd’s new joint venture (JV) to manufacture Industrialised Building Systems (IBS) prefabricated building materials.

In its note, Hong Leong Investment Bank Bhd (HLIB) Research said Matrix Concepts stands to benefit from the transfer of IBS technology from its reputable Japanese counterpart – not to mention the potential cost savings, better building quality and improved efficiency.

HLIB said while the cost of IBS building materials is higher than traditional materials by five to 10 per cent for residential projects, net margin should not be affected.

It said costs could be offset by potential savings from shorter construction periods (by up to 30 per cent), material wastage reduction; and tax incentives from the investment would also defray the incremental cost.

“While the manufacturing plant is currently targeted to fulfil their in-house development, the JV does not rule out the possibility of supplying to other housing developers in the longer-term, when IBS is widely-adopted by the industry,” it said.

HLIB said the overall outlook for Matrix Concepts remains favourable, as it is on track to achieve its RM1 billion sales target after hitting its nine-month financial year 2017 sales of RM837 million.

HLIB said Matrix Concepts’ current unbilled sales stand at a historical high of RM904 million, representing 1.6 times of its property development revenue.

“The immediate pipeline launches for CY17 (calendar year 2017) amount to (approximately) RM1 billion,” it said.

HLIB has maintained its “buy” call on Matrix Concepts, with an unchanged target price at RM2.89.

“We continue to like Matrix, as it is well-positioned to ride on the affordable housing theme, with a majority of its products being below RM600,000, within its successful township.

“The HSR (High Speed Rail) is a long-term catalyst and dividend yield is one of the highest in the sector, at circa six per cent,” it added.
http://www.nst.com.my/business/2017/...turing-jv-hlib
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Old April 20th, 2017, 08:13 PM   #48
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Thursday, 20 April 2017 | MYT 1:47 PM
Sweden's SKF investing RM22mil to expand factory


Quote:
NILAI: Swedish firm SKF is investing RM22 million to expand the capacity of its factory in Nilai, in response to growing regional demand.

SKF Malaysia managing director Andres Fogelberg said the company is also launching a new product, the tailored range of spherical roller bearings (SRB) and spherical roller thrust bearings.

The new product range is designed to meet the needs of the palm oil processing industry in Malaysia and South-East Asia, he said at the product's launch on Thursday.

Also present at the event were Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan, SKF Group president and chief executive officer Alrik Danielson and Swedish Ambassador to Malaysia Dag Juhlin-Dannfelt.

The RM22 million investment is set to improve service levels and delivery times for local and regional customers.

At a press conference, Fogelberg said the company is very proud to be able to offer customers across the region a full product range that was designed and engineered by SKF's leading engineers and manufactured in the country.

"By continuously innovating our products and investing in our presence here, we can also continue to contribute to key growth industries in Malaysia, whilst enabling customers to buy Malaysian-made bearings.

"SKF's expertise in rotating equipment performance can help maximise the efficiency of processing equipment and reduce unplanned downtime, especially in harsh operating conditions, where bearings are exposed to varying loads, steam and aggressive chemical components," he added.

The new SRB product range is designed for use in low-speed applications such as screw presses.

SKF's Nilai facility was set up in 1991 on a 106,000-sq-m site with an investment to date of more than RM850 million.

The facility manufactures and supplies deep groove ball bearings, self-aligning ball bearings and spherical roller bearings to multinational customers across Asia, Europe and the Americas
.

The new SRB channel in Nilai is expected to be operational by the year-end. - Bernama
Read more at http://www.thestar.com.my/business/b...XpmYhJH6GVy.99
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Old April 20th, 2017, 08:36 PM   #49
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Thursday, 20 April 2017
Modenas plans tie-up with India’s Bajaj


Quote:
KUALA LUMPUR: Motosikal Dan Enjin Nasional (Modenas), a member of DRB-Hicom Bhd, is set to enter the Malaysian street bike segment through a collaboration with India’s Bajaj Auto Ltd (BAL).

DRB-Hicom group managing director Datuk Seri Syed Faisal Albar believed the move would strengthen the brand and help it capture a larger share of the motorbike market.

“The cooperation is in line with our aspiration to strengthen the Modenas brand as a whole, by offering a wider range for motorcycle enthusiasts.

“The local market was very receptive to the Modenas joint venture with Kymco in the scooter segment in November last year, and now the company is ready to embark into a more aggressive market, which is the street bike segment,” he said in a statement.

Syed Faisal said with BAL as its partner, Modenas now had a new segment to cater to and BAL had the experience and technological know-how for it.

The collaboration would be initiated in stages including distribution and technology transfer through the development of a dedicated assembly hub in Modenas’ plant in Gurun, Kedah.

Eventually, Modenas and BAL planned to penetrate international markets using the Modenas brand in Asean and beyond, he said. —

Read more at http://www.thestar.com.my/business/b...wYoRi02GohD.99
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Old April 22nd, 2017, 10:39 AM   #50
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Friday, 21 April 2017 | MYT 8:33 PM
Construction of Malaysia’s largest sugar refinery almost completed


The packaging and production line at MSM’s Prai factory.

Quote:
JEMPOL: Malaysia’s biggest sugar refinery, which is being constructed in Tanjung Langsat, Johor, is 80% complete, and is expected to produce one million metric tonne of refined sugar, annually, once it starts operations next year, said Felda Global Ventures Holdings Bhd (FGV) chairman Tan Sri Mohd Isa Abdul Samad.

“Once it’s ready, MSM Malaysia Holdings Bhd (MSM) would be able to sell refined sugar to the domestic market and overseas,” he said.

Speaking to Bernama after handing over 12 computers and RM5,000 cash, to be distributed to 50 students of Sekolah Kebangsaan (Felda) Serting Hilir 2 in Jempol on Friday, he said the refinery would obtain its supply of raw sugar from several countries, including Brazil, China and Thailand.

“We have to get our supplies from several countries because we do not have any large-scale sugarcane plantation in Malaysia.

“We don’t have the right type of soil for it (sugarcane cultivation).

“We tried it back in the 60s and the 70s in Negri Sembilan, but we found that the sugar content in the sugarcane was insufficient,” he said.

A subsidiary of FGV, MSM accounted for 65% of the local sugar market and had invested RM90mil to purchase 20.47ha of land to construct the country’s third sugar refinery. - Bernama

Read more at http://www.thestar.com.my/business/b...yBHFHxcBddg.99
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Old April 23rd, 2017, 12:10 PM   #51
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SKF pumps RM22 million for Nilai factory expansion
By Nur Aqidah Azizi - April 20, 2017 @ 2:01pm

(File pix) Leading global technology company, SKF is investing RM22 million to expand the capacity of its factory at Nilai to meet rising demands.

Quote:
NILAI: Leading global technology company, SKF is investing RM22 million to expand the capacity of its factory here to meet rising demands.

SKF Malaysia managing director Anders Fogelberg said the investment would include upgrading works on its current 240 machines and additional of 20 new machines to the factory.

This is in line with the introduction of SKF's new product - tailored range of spherical roller bearings (SRB) and spherical roller thrust bearings, to meet the needs of the palm oil processing industry in Malaysia and Southeast Asia.

"It is set to improve service levels and delivery times for local and regional customers," said Fogelberg.

"By continuously innovating our products and investing in our presence here, we can continue to contribute to key growth industries in Malaysia, whilst enabling Malaysian customers to buy Malaysian-made bearings," he said after the launch of the product held at SKF Bearing Industries, (M) Sdn Bhd here, today.

The event was officiated by Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan.

Also present were SKF Group president and chief executive officer Alrik Danielson and Swedish Ambassador to Malaysia Dag Juhlin-Dannfelt.
http://www.nst.com.my/business/2017/...tory-expansion
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Old April 23rd, 2017, 12:14 PM   #52
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Hino spends RM8m to upgrade Sendayan service centre
By Mohd Ikhwan Jamaludin - April 20, 2017 @ 6:25pm



Japanese diesel truck and bus manufacturer Hino Motors Ltd has full confidence in Malaysia's economic climate and plans to remain in the country. (Pix by HASRIYASYAH SABUDIN)
Quote:
SEREMBAN: Japanese diesel truck and bus manufacturer Hino Motors Ltd has full confidence in Malaysia's economic climate and plans to remain in the country.

Hino Motor Sales Sdn Bhd managing director Ken Iwamoto said for that reason, the company is beefing up its operations here.

The company said it has upgraded its Hino Total Support Customer Service Centre at a cost of RM8 million at the Sendayan Tech Valley.

"This centre is the first of its kind outside of Japan, thus reflecting Hino's confidence in Malaysia's economic potential," Iwamoto told reporters at the centre today.

He added that the centre upgrade will strengthen the company's footing in the country since it started operations in 1977, as part of the efforts to reduce accidents and fatalities, trim cost and also improve road safety.

Among others, the centre offers free training for existing drivers or aspiring professional drivers as well as a historical gallery of the firm.

Hino is the country' s number one diesel truck and bus maker commanding a market share of 35.7 per cent last year selling 5,870 units and targets to sell 6,000 units this year.
http://www.nst.com.my/business/2017/...service-centre
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Old April 24th, 2017, 09:21 AM   #53
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Sunday, 23 April 2017 | MYT 10:14 PM
Go Auto to invest RM2bil to strengthen position in Malaysia, Asean
BY AZLINA AZIZ


A Haval H2 from Great Wall Motors being displayed at the Shanghai Auto Show. - Reuters pic

Quote:
SHANGHAI: Go Auto Group of Companies (Go Auto) and its Chinese partner, Great Wall Motors Company Ltd (GWM), are allocating up to RM2bil investment until 2021 to upgrade its assembly and production facilities in Gurun, Kedah.

This will help strengthen Go Auto’s position as a hub of made-in-China sport utility vehicles (SUVs) and energy-efficient vehicles (EEV) in Malaysia and the Asean region.

Go Auto chief executive officer Ahmad Azam Sulaiman said the investment would be raised internally, externally and through domestic bank loans in stages in the second and third phases of the company’s development.

He said this demonstrated the company’s serious commitment in enhancing its brand and position in the automotive market, especially in the SUV segment in the region.

“According to our initial plan, the investment is for a period of five years until 2020, but due to the current economic situation, we are extending it until the end of 2021”, he told the Malaysian media at the Auto Shanghai 2017 in China recently.

Ahmad Azam said so far, Go Auto had invested between RM60mil and RM70mil for Phase 1 of its production facilities in Gurun apart from strengthening its brand in Malaysia.

The second phase of the development costing RM250mil is expected to be operational in 2018 or 2019 and it will be followed by the next phase.

The second phase of the development will double Go Auto’s production capacity to 50,000 units from 24,000 a year and helps support its plan to enlarge its SUV market.

He said in the third phase, the company was expected to produce Haval vehicles with upgraded components besides developing the engine and components, and conducting vehicle testing at its own facilities.

In addition to the substantial investment, Go Auto, which has been appointed by GWM as its sole producer and distributor of Haval SUVs in Malaysia and Asean, also plans to bring in 100 to 150 units of the all-new Haval H6 and Haval H9 SUVs at prices estimated from RM115,000 and RM140,000.

Both are complete built-up (CBU) models.

Go Auto currently offers two models, namely Haval H1 SUV (formerly known as M4) at an affordable price from RM54,950 and H2 SUV from RM89,950.

“Currently, our production plant in Gurun assembles Haval H1 SUVs, while the H2 model will follow suit starting next month,” he said.

This year, Go Auto aims to sell 3,000 units of both Haval H1 and H2 SUVs for the domestic and export markets and is confident of meeting the target.

Ahmad Azam said in line with its vision of becoming a hub for made-in-China SUVs and SUV EEVs in the Asean region, the company has been exporting SUVs to Cambodia and Brunei and would be making forays into Batam (Indonesia), Vietnam and Myanmar this year.

“We have been negotiating with several representatives in Batam and Singapore and will begin exporting Haval H1 and H2 SUVs to Batam this year. We might also market them to Jakarta via Batam in the near future,” he said.

Go Auto also plans to expand its wings to left-hand-drive countries like Laos, Vietnam and the Philippines.

Singapore has also shown interest in the vehicles, he said, adding that if Haval were to enter the republic, it would be a good benchmark for the brand in Asean, thereby eliminating negative perceptions of made-in-China automobiles.

“What distinguishes Haval SUVs with the others is that they are EEV vehicles. Not many SUVs are EEV vehicles which save fuel,” he said.

Founded in 2013, Go Auto made history in the Malaysian automotive sector by becoming the first company awarded a licence to manufacture energy-efficient vehicles by the Ministry of International Trade and Industry under the National Automotive Policy 2014. - Bernama
http://www.thestar.com.my/business/b...sia-and-asean/
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Old April 25th, 2017, 09:22 PM   #54
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Tuesday, 25 April 2017 | MYT 3:41 PM
E&E industry posts 20.6% growth in first two months of 2017



Quote:
GEORGE TOWN: The electrical and electronics (E&E) industry grew by 20.6% in the first two months of this year, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said Malaysia achieved significant progress in the E&E industry over the last decade that had resulted in the growth of new businesses and creation of jobs.

Malaysia was the world's seventh largest exporter of E&E products, valued at RM287.7 billion last year, and made up 36% of Malaysia's total exports.

"Well, last year's performance was certainly better. Last year's total trade in E&E only grew by 1.5%. Overall, our forecast is somewhere around 5% growth for this year.

"But, the performance in the fiirst two months has been excellent. The E&E industry has done well," he told a press conference after opening the three-day SEMICON Southeast Asia 2017 exhibition in George Town on Tuesday.

Mustapa said the industry has shown an upward trend in exports for the past three years and it was the only industry that recorded trade surplus for three consecutive years.

He said the machinery and equipment (M&E) industry also grew robustly over the years with a strong export performance that contributed to more than 5% of total exports of manufactured goods in 2016.

"In 2016 the Malaysian Investment Development Authority (Mida) approved 88 M&E projects with investments of RM1.54 billion," he said.

SEMICON Southeast Asia, organised by Mida in collaboration with the Semiconductor Equipment and Material International, is expected to attract more than 7,500 visitors to view latest technologies showcased by 250 companies from 13 countries. - Bernama
Read more at http://www.thestar.com.my/business/b...Be9dGjo8Rr1.99
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Old April 28th, 2017, 08:38 PM   #55
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Friday, 28 April 2017 | MYT 3:13 PM
Miti: Malaysia gaining momentum in aero parts and components export


Quote:
KUALA LUMPUR: Malaysia is gaining momentum in the export of aerospace parts and components after the industry's strong growth in 2016, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said Malaysia's exports of aerospace products increased 32.6% in 2016 to RM5.53 billion compared with RM4.17 billion in 2015, with aerospace parts and components being the main export.

In a statement following the Malaysian Aerospace Council (MAC) meeting on Friday, Mustapa said the positive growth was portrayed in the total revenue recorded in 2016, which totalled RM12.7 billion.

"It was a remarkable year particularly for the aerospace manufacturing sub-sector which secured a revenue of RM6.4 billion, an 11% increase compared to 2015.

"The maintenance, repair and overhaul (MRO) sub-sector recorded RM5.7 billion in revenue, mainly supported by the expansion of aero-engine and component MRO activities," he added.

Mustapa said that in 2016, nine aerospace projects with investments totalling RM1.6 billion were approved, of which RM889.4 million were foreign investments. The projects were expected to generate 1,766 jobs.

As part of the Government's efforts to develop small and medium enterprises (SMEs) to participate in the global aerospace supply chain, he said a structured SME development programme was launched under the Economic Transformation Programme's Business Services Entry Point Project 8.

In 2016, 10 SMEs were selected to participate in the programme and another 10 were to be selected for this year's programme, said the statement.

Mustapa said a new set of key performance indicators were to be achieved for this year's EPP8 - RM24.6 million cumulative sales for 20 SMEs and 500 Requests for Quotations for 10 new SMEs. - Bernama
Read more at http://www.thestar.com.my/business/b...HXegf9swVoQ.99
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Old May 4th, 2017, 08:40 PM   #56
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Wednesday, 3 May 2017
Developing talent via German alliance


Moving ahead: Ong (third left) being briefed on an automation process by an exhibitor at the industrial expo in Germany.

Quote:
PETALING JAYA: The Government will be strengthening its bilateral collaboration with Germany to develop talent for the Fourth Industrial Revolution (Industry 4.0) via the Malaysian-German Chamber of Commerce.

This was agreed after a bilateral meeting on April 25 between International Trade and Industry Minister II Datuk Seri Ong Ka Chuan and German Minister of Economy and Energy Brigitte Zypries.

“Industry 4.0 is a combination of automation, digitalisation and connectivity,” Ong said after visiting one of the world’s largest industrial expos, Hannover Messe, in Germany, which ran from April 24 to 28.

The ministry said in a statement yesterday that small and medium enterprises in Malaysia should gradually transform their operations to adapt to Industry 4.0.

Ong said in July last year that the local manufacturing industry must invest in modernisation to keep up with technology changes in international markets.

Only 30% of the members of the Federation of Malaysian Manufacturers had begun investing in modern technology in preparation for Industry 4.0, he said.

During the Germany visit, Ong encouraged German companies such as automakers Volkswagen and BMW, electronics manufacturers Siemens and Muhlbauer, and medical and pharmaceutical device company B. Braun to expand their Industry 4.0 ecosystem to their companies in Malaysia.

He also gave a keynote address on “Asean in 2017: Taking New Opportunities through Trade Policy” at an Asean Forum on the sidelines of the expo.

He highlighted Malaysia’s initiatives to promote trade via the Asean Economic Community, the ongoing Regional Comprehensive Economic Partnership negotiation and Malaysia’s participation in China’s Belt and Road initiative.

The two Malaysian companies participating in the expo were Bilfort, which specialises in aluminium and carbon steel precision forging, and Linkk Busway Systems, which specialises in design and manufacturing of electrical busway system.

Read more at http://www.thestar.com.my/news/natio...MvqkqIFHr1y.99
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Old May 4th, 2017, 08:45 PM   #57
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Foreign Trade
Cabinet okays Memorandum of Understanding with Malaysia for urea, ammonia supply
By PTI | Updated: May 03, 2017, 11.06 PM IST


Quote:
NEW DELHI: The Cabinet today approved an agreement signed with Malaysia for assured supply of urea and ammonia from a plant to be set up by the South-east Asian country.

As per the Memorandum of Understanding (MoU), India will buy from Malaysia the existing surplus urea and ammonia fertilisers as well as the production from the new plant.

"The Union Cabinet today gave its ex-post-facto approval to the signing of MoU with Malaysia on the development of a urea and ammonia manufacturing plant in Malaysia," an official release said.

The new plant is expected to cost $2.1 billion and will have a capacity to produce 2.4 million tonnes of urea and 1.35 million tonnes of ammonia per annum, it said.

The agreement will ensure a consistent supply of the key fertilisers at a lower price to India if agreed to by both the participants, it added.

India manufactures 24 million tonnes of urea and imports 7-8 million tonnes to meet the domestic demand
http://m.economictimes.com/news/econ...w/58502824.cms
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Old May 12th, 2017, 12:32 PM   #58
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Friday, 12 May 2017
Malaysia's manufacturing sector continues to grow


Higher output: A man works at a production line of a rubber gloves factory in Klang.

Quote:
PETALING JAYA: Provisional data for March from the Statistics Department show that Malaysia’s manufacturing sector continues to grow, with sales jumping 13.6% to RM65.9bil compared to the same month a year ago.

Electrical and electronic (E&E) products; petroleum, chemical, rubber and plastic products; as well as non-metalic mineral products, basic metal and fabricated metal sales contributed to the significant increase in sales value. Together, these products contributed to four-fifths of the manufacturcing sector’s sales value.

Data also showed a 2.1% increase in the number of employees in the sector for the month of March, while salaries and wages increased 7.8% to RM3.45bil.

Meanwhile, the industrial production index (IPI), which measures factory output, expanded by 4.6% in March compared to the same month a year ago supported by growth in the manufacturing and mining indices. The electricity index saw a marginal decline.

Economists who were surveyed before the release of the March data expected a 4.8% growth in the IPI. AllianceDBS Research chief economist Manokaran Mottain expected steady factory output on the strong export trend seen in the first quarter, especially from E&E shipments.

He noted in a report that these shipments would support the manufacturing sector’s growth, and that would ensure steady factory output growth in the coming months.

Manokaran pointed out that strong global demand has also offset weak domestic demand, and that has had a positive impact on the April manufacturing purchasing managers’ index (PMI), which breached the 50-level, indicating an expansion of new orders after 24 consecutive months of contraction.

“Globally, selected leading indicators suggest that the rebound in global demand will continue. Manufacturing PMIs in the US, China and Singapore have been expansionary since the start of the year,” he said, reckoning that the strong manufacturing sector performance in the first quarter could have pushed economic growth to 4.7% from 4.5% in the fourth quarter of last year.

However, for the whole of 2017, Manokaran has maintained economic growth at 4.4%.

Nomura senior economist Euben Paracuelles said the pick-up in factory output growth and the surge in crude palm oil production would support economic growth in the first quarter and offset the mining sector growth slowdown.

He estimated a 5.2% growth for the econony in the first quarter, which would support the investment bank’s full-year forecast of a 4.8% growth for the economy, at the top end of Bank Negara’s estimates of 4.3% to 4.8%.
Read more at http://www.thestar.com.my/business/b...GhvuXHx350R.99
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Old May 15th, 2017, 02:49 PM   #59
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CTRM aims to become billion-ringgit company in two years' time
By FRANCIS DASS - May 15, 2017 @ 3:19pm



Quote:
MELAKA: Composites Technology Research Malaysia Sdn Bhd (CTRM) aims to become a billion ringgit company in two years, on the back of a rapidly-growing global aviation sector.

CTRM group chief operating officer Shamsuddin Mohamed Yusof said this during a media briefing at CTRM's plant in Batu Berendam here today.

At the briefing, held in conjunction with the announcement of the company winning the "Best Improver Award 2017" from Airbus at the Supply Chain & Quality Improvement (SQIP) programme in April in France, Shamsuddin said that the company registered a revenue of RM855 million in FY2016.

He also told the media that this year, the company, a unit of DRB-HICOM Group of Companies, is spending RM93.4 million building a sixth building in Melaka, scheduled for completion in Feb 2018.

He said that Airbus currently accounts for 70 per cent of CTRM's business at present.
https://www.nst.com.my/business/2017...two-years-time
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Old May 16th, 2017, 08:56 PM   #60
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Tuesday, 16 May 2017 | MYT 6:43 PM
Fonterra upgrades M’sian plant to support regional hub role

BY M. HAFIDZ MAHPAR


At the reopening of Fonterra's milk power plant (from left): New Zealand High Commissioner to Malaysia Dr John Subritzky, Te Ururoa Flavell, Datuk Ahmad Maslan, David MacLeod and Jose Miguel Porraz Lando.

Quote:
KUALA LUMPUR: Dairy product supplier Fonterra Brands Malaysia, whose brands include Anlene, Anmum and Fernleaf, has spent RM20mil to upgrade its milk powder manufacturing plant in Shah Alam.

The local operation of New Zealand-listed dairy giant Fonterra Co-operative Group said in a statement that the upgrade was to further develop its role as a strategic manufacturing hub in Malaysia and the region.

Now the Susumas (milk powder) facility, which was reopened on Tuesday, has an improved site layout and a new blending machine that enhances its manufacturing efficiency and flexibility.

Total manufacturing capacity (blending and packing) remains at about 30,000 tonnes a year, around 1 billion serves of dairy nutrition.

Fonterra Brands Malaysia and Singapore managing director Jose Miguel Porraz-Lando said the upgrade was part of Fonterra Brands Malaysia’s commitment to best-in-class manufacturing and would support the growth of its brands in Malaysia.

“Today’s reopening will allow us to continue to provide high quality dairy nutrition to millions of consumers here in Malaysia and to the 13 countries across South-East Asia and the Middle East where we export our dairy products,” he said.

The reopening ceremony was attended by dignitaries from Malaysia and New Zealand, including International Trade and Industry Deputy Minister Datuk Ahmad Maslan, New Zealand Minister for Maori Development and Associate Minister for Economic Development Te Ururoa Flavell, and Fonterra director David MacLeod.

Over the last six years, Fonterra Brands Malaysia has invested close to RM60mil to upgrade infrastructure at both its manufacturing sites, Susumas and Dairymas.
Read more at http://www.thestar.com.my/business/b...SVI4OiMrgzd.99
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