European investments in Malaysia

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Petronas, Shell seal carbon capture, storage solutions pact
By NST Business - January 11, 2022 @ 10:54am



Petronas executive vice president and chief executive officer of upstream Adif Zulkifli (left) and Shell Malaysia chairman and senior vice president of upstream Malaysia Ivan Tan (right) during the signining ceremony for a joint study and collaboration agreement to explore opportunities and project collaborations in carbon capture and storage (CCS) and help provide carbon dioxide (CO2) storage solutions in Malaysia and the region.

KUALA LUMPUR: Petronas has signed a joint study and collaboration agreement with Sarawak Shell Bhd to explore opportunities and project collaborations in carbon capture and storage (CCS) to help provide carbon dioxide (CO2) storage solutions in Malaysia and the region.

The two oil majors will undertake an integrated CCS area development plan study to support the decarbonisation ambitions of both parties within selected locations offshore Sarawak.

The scope of the agreement includes exploring the provision of decarbonisation service to Shell's local and cross-border facilities, as well as to other potential regional customers.

The outcome of the study will produce options in potential areas for further collaboration.

"Petronas has a long-standing partnership with Shell. We are confident that this latest collaboration will inspire more innovation towards managing carbon emissions and advancing our shared ambition of delivering energy solutions in a responsible and sustainable manner," Petronas executive vice president and chief executive officer of upstream Adif Zulkifli said in a statement today.

"This collaboration underscores Petronas' continuous efforts to explore partnership opportunities in CCS. We will continue this trajectory to unlock opportunities which could potentially help reduce emissions and achieve our net zero carbon emissions aspirations. This is one of the many efforts to position and establish Malaysia as a leading CCS solutions hub in the region," he added.

Last November, Petronas signed a Memorandum of Understanding (MoU) with ExxonMobil Exploration and Production Malaysia Inc to explore opportunities in CCS technologies to support the decarbonisation of Malaysia's upstream industry as well as to provide CO2 storage solutions for the region.

In December, an MoU was signed with POSCO International Corporation and POSCO Engineering & Construction Co Ltd to assess for opportunities to unlock CCS potential and identify suitable technology within the scope of carbon capture, transportation of CO2 and storage for potential application.

Petronas is taking deliberate steps to build a resilient and sustainable portfolio to support the transition towards lower carbon energy sources.

It is also pursuing more zero continuous flaring and venting of hydrocarbons to reduce emissions aligned with its aspiration to achieve net zero carbon emissions by 2050.

https://www.nst.com.my/business/2022...solutions-pact

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Sime Darby's Auto Bavaria scoops BMW's Diamond award for 10th consecutive year
By Ayisy Yusof - January 10, 2022 @ 3:20pm



Auto Bavaria, a division of Sime Darby Auto Bavaria Sdn Bhd, has bagged BMW’s Diamond award for its customer loyalty programme, BMW Excellence Club, for the 10th consecutive year since 2010.

KUALA LUMPUR: Auto Bavaria, a division of Sime Darby Auto Bavaria Sdn Bhd, has bagged BMW's Diamond award for its customer loyalty programme, BMW Excellence Club, for the 10th consecutive year since 2010.

Auto Bavaria, the largest BMW authorised dealership group in Malaysia, said the recognition was awarded for the company's commitment to delivering exceptional customer experience.

The recognition was awarded at the BMW Dealer Awards Night 2020 recently.

The annual award aims to recognise top performing BMW dealerships in its network in Malaysia across all key areas of the business, focusing on sales and after sales, service operation excellence, as well as contribution to business performance.

Auto Bavaria took home a total of 32 awards in seven categories despite it being a year fraught with challenges.


Managing director Vi Thim Juan said the accolade was a testament to its resilience and strong commitment to delivering exceptional customer experience despite the challenges faced by the automotive industry throughout 2020.

"Apart from acknowledging our outstanding business performance, it reflects our steadfast commitment to the BMW brand promise of delivering service excellence beyond the point of purchase. We look forward to celebrating many more wins, to pushing more boundaries and continuing our commitment to excellence in years to come," Vi added.

Sime Darby Auto Bavaria is the biggest retail and service organisation for BMW, MINI and Motorrad in Malaysia.

https://www.nst.com.my/business/2022...nsecutive-year

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Best year for Volvo Car Malaysia
By Ayisy Yusof - January 9, 2022 @ 11:00am

KUALA LUMPUR: Volvo Car Malaysia has posted its best annual sales since its inception, selling 14.3 per cent more vehicles to 2,229 units in 2021.

This also marks the Swedish car marque's sixth consecutive sales growth in the local market.

Volvo Car Malaysia managing director Charles Frump said it had gained customers' confidence in providing them with the freedom to move in a personal, sustainable and safe way, despite a challenging year.

"The collective efforts of our dealers and staff have laid the groundwork for an electrifying 2022, encouraging us to charge towards our goal of becoming a fully electric car company by 2030," Frump said in a statement.

The company also posted the highest monthly sales in December 2021, having sold 524 units.


Of the total, 73 per cent of all new Volvo cars sold in Malaysia were Recharge models.

On a global scale, Volvo Cars sales grew 5.6 per cent to 698,693 units last year.

The results demonstrated the continued popularity of Volvo Cars' Recharge line-up of cars with a fully electric or plug-in hybrid powertrain, Frump said.

Sales of Recharge models worldwide surged 63.9 per cent year-on-year in 2021, making up 27 per cent of the company's total sales volume in 2021.

Nearly 40 per cent of all new Volvo cars sold in December were Recharge models, with fully electric cars making up 7.4 per cent.

https://www.nst.com.my/business/2022...o-car-malaysia

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Ericsson will deliver a world class 5G experience to Malaysia
The Edge Malaysia January 11, 2022 08:01 am +08



Global ICT leader Ericsson, in partnership with Digital Nasional Berhad, recently announced the launch of 5G in Malaysia. Börje Ekholm, President and CEO of Ericsson, discusses how the introduction of 5G will benefit the country.

Q1. Can you share your thoughts on the 5G launch in Malaysia and about Digital Nasional Berhad’s network?
The launch of 5G represents a significant moment in Malaysia’s telecommunications journey and together with Digital Nasional Berhad (DNB) we are delighted to be bringing the benefits of a world class 5G experience to the country.

DNB has the spectrum, end to end design and technology needed to deliver a 5G network to provide consumers and businesses with blazing speeds and an enhanced customer experience.

Malaysia has the potential to become a global frontrunner in 5G, which will allow the country’s entrepreneurs to develop new solutions on top of the network. Successful use cases can then be launched locally and globally and support the economy by creating new jobs and skills.

Q2. Can you talk about your global experience and success with 5G?
Ericsson is currently powering 108 live 5G networks, which is more than half of the world’s such networks. Globally, 73 countries have introduced 5G and Ericsson powers networks in 48 of them, which translates to more than 60% of the countries that have already launched.

Our focus on innovation and reliability has made us a trusted partner to deliver 5G networks in the most advanced and demanding 5G markets such as the United States where we provide infrastructure products and services for all the national telecom operators and cemented our 5G RAN market leadership last year.

5G technology is a core part of our business and we invest USD 4.4b in research and development annually, corresponding to almost 20% of our sales. Around a quarter of our workforce is also deployed in R&D activity.


Q4. How do you see 5G benefiting Malaysia?
5G is a huge platform for innovation, just like 4G has been. The key difference is an exciting one, because 5G will cater to both consumers and enterprises. The potential for new business applications is limitless and many are yet to be conceived, so 5G will accelerate Malaysia’s digital transformation and enable the country to embrace Industry 4.0. It will also help reduce the digital divide, through use of technology such as Fixed Wireless Access to provide ultra-fast connectivity to remote areas.

Q5. What in your opinion are the key enablers for 5G to be successful in Malaysia?
We are working with DNB on the accelerated rollout and providing an affordable and world class customer experience, all based on a trustworthy, resilient and secure 5G network that will form the foundation for a thriving digital ecosystem.

I think it is testimony to a strong partnership and our combined capabilities that we have been able to launch 5G in Malaysia in less than six months after the contract was awarded. Now 5G is already available in parts of Putrajaya, Cyberjaya and Kuala Lumpur and we will be providing approximately 80% coverage in populated areas by the end of 2024.

We are leveraging on our technology leadership and the extra capacity and coverage of C band (mid band) to provide a fantastic customer experience. We are building a world class network end to end by using advanced solutions such as Multi Operator Core Network that allows the radio network to be shared by all 6 operators. We will also operate the network largely using local resources and the latest tools and Artificial Intelligence. This will guarantee the lowest cost per GB and enable affordable prices of data in Malaysia, with a world class customer experience.

Q6. How are you building the local ICT ecosystem in Malaysia?
The ongoing 5G rollout will see us partnering with local contractors and hiring more Malaysians. We have been working with our existing vendors and contractors while developing a pipeline for the future, so that we can continue to bring on more Malaysians as we progress. Our local partners are working with us in areas such as network installation and rollout, network optimization and site solutions amongst others.

Naturally, every potential vendor and contractor must have the requisite technical capabilities, a proven track record and a company background which meet the stringent requirements set by Ericsson. This ensures we can maintain our global technology leadership and provide the world class network that we have committed to deliver in Malaysia. We will always welcome hearing from any potential local partners interested in working with us on this important project.

Q7. Can you talk about your commitment to Malaysia?
Ericsson has been part of the development of Malaysia’s telecom industry since 1965, helping to introduce every generation of mobile technology, from 2G to 5G. We are fully committed to supporting DNB in making our 5G project a big success for the country, its people and economy. Indeed, we will ensure the network becomes a showcase for 5G in the world and a shining example of what innovative technology can offer consumers and businesses.

To support the management of the DNB network, we have recently set up a Network Operations Center in Petaling Jaya, using the latest artificial intelligence and machine learning technologies. Another example of our commitment to Malaysia is extending our Ericsson Educate program to University Teknologi Malaysia (UTM), to help educate thousands of Malaysian students about 5G and related technologies.

https://dev1.bizedge.com.my/content/...ience-malaysia

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Mercedes-Benz's Asia-Pacific logistics hub in Johor still in early stages of planning, says top executive
Sulhi Khalid February 25, 2022 14:17 pm +08

KUALA LUMPUR (Feb 25): Mercedes-Benz Malaysia president and chief executive officer Sagree Sardien said on Friday (Feb 25) that its planned Asia-Pacific aftersales logistics hub in Johor is still in the early stages of planning.

“This is a very exciting moment because we get to have delivery within the actual place. It creates a lot of opportunities, but we are in the early stages of planning this," she told reporters at the launch of the all-new Mercedes-Benz C-Class.

“This hub will be responsible for importing as well as storing of parts and distribution across Southeast Asia,” she added.

She declined to disclose the amount of investment allocated to build the hub except to say that it is "substantial".

Previously in October last year, Mercedes-Benz Malaysia shared that the new distribution hub at the Senai Airport City is expected to commence its operations in 2024.

A newly-established company, Mercedes Benz Parts Logistics Asia Pacific (Malaysia) Sdn Bhd, a 100% subsidiary of Mercedes-Benz, will operate the facility.

Earlier at the launch, Sagree said the all-new Mercedes-Benz C-Class is its bestselling model to date and since its introduction, over 10.5 million units had been delivered globally.

“Likewise in Malaysia, our customers love this vehicle as we continue to define the standards of comfort and innovation in the premium midsize sedan segment.

“We are very excited to introduce the new C-Class in Malaysia and with the latest edition, we are taking the next logical step on our road to a digital and sustainable future with a host of innovations that sets the benchmark in this segment,” she said.

Mercedes-Benz Malaysia sales and marketing (passengers cars) vice-president Michael Jopp said the new C-Class redefines its segment in several respects at once.

“Following the pinnacle of luxury in the S-Class, the second generation of MBUX (Mercedes-Benz User Experience) has already debuted in the new C-Class,” he said.

The new Mercedes-Benz C-Class will be available as completely built-up units in two variants. They are the C 200 Avantgarde Line and the C 300 AMG Line to be priced at RM288,334 and RM330,681 respectively.

https://www.theedgemarkets.com/artic...-top-executive

Senai Airport City


https://www.senaiairport.com/corpora...i-airport-city

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https://www.dhl.com/th-en/home/press...ce-growth.html

https://www.nst.com.my/business/2021...t-gateway-klia

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Italian Trade Agency brings over 600 authentic Italian food products to Bangsar
By Farah Adilla - March 15, 2022 @ 8:52am



https://www.nst.com.my/business/2022...oducts-bangsar

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Volvo's XC40 Recharge Pure Electric will be CKD, exported from Shah Alam
By Nicholas King - March 15, 2022 @ 3:34pm


https://www.nst.com.my/business/2022...rted-shah-alam

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Senior minister cum international trade and industry minister Datuk Seri Mohamed Azmin Ali (left) and Volvo Car Malaysia managing director Charles Frump officially unveils the XC40 Recharge Pure Electric to kick off the company’s new chapter in electrification and cementing the company’s global ambition of becoming a fully electric company by 2030.
https://www.theedgemarkets.com/artic...-pure-electric

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Originally Posted by nazrey

Dassault Aviation Worldwide
Dassault Aviation operates in more than 80 countries through ten main companies, along with more than 50 Falcon service stations, to support over 3,000 aircraft deployed worldwide.


https://www.dassault-aviation.com/fr...nteractive-ar/

Dassault Aviation facilities (production plants and offices)
Falcon service stations / Command centers

Dassault Aviation to setup RM100mil Asia's first one-stop servicing centre for business jets in Subang
By Farah Adilla - November 26, 2021 @ 4:57pm
https://www.nst.com.my/business/2021...rvicing-centre

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https://www.execujet-mro.com/locations/

ExecuJet MRO Services to build purpose-built MRO at Subang Airport | Times Aerospace
https://www.timesaerospace.aero/news...subang-airport

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UK-based Alchemiya announces partnership with Celcom to provide Muslim-themed content
Bernama May 09, 2022 19:28 pm +08

KUALA LUMPUR (May 9): Alchemiya, a United Kingdom-based internet television service announced its partnership with Celcom Axiata Berhad (Celcom) in offering a unique library of movies, dramas, documentaries, and tv shows about the Muslim world for Malaysians.

In a statement, Alchemiya said this partnership would enable Celcom to provide Alchemiya’s Muslim-themed content to its more than 14 million users on its widest network coverage in Malaysia.

From April 2022, all Celcom subscribers would be able to enjoy seven days of free streaming access to the Alchemiya service at no additional cost.

Following the seven days period, customers would be able to continue to enjoy Alchemiya at a special rate of RM9 per month with auto-renewal, charged directly to their postpaid or prepaid Celcom accounts through integrated mobile carrier billing.

“Alchemiya was established to connect the Global Muslim community with content that reflects Muslim family values and celebrates the best culture, heritage and traditions found across the Muslim world.

“Celcom has been very supportive of our vision and we found ‘value alignment’ with their ‘community first’ approach. It is our hope that our content would reach a wider audience in Malaysia through various efforts and activities that we have planned for the next one year,” Alchemiya chief executive officer Navid Akhtar was quoted as saying.

To access Alchemiya, Celcom customers can simply log on to alchemiya.com/celcom and will immediately be able to watch quality Muslim movies or shows on their mobiles or smart television by downloading the relevant Alchemiya app.

https://www.theedgemarkets.com/artic...themed-content

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DHL express invest RM13mil in new prai service centre
By Bernama - May 17, 2022 @ 12:18pm

ATU KAWAN: International express service provider DHL Express has relocated its Prai Service Centre to a larger, RM13 million facility at the Batu Kawan Industrial Park here to cater to the bigger demand for international shipping by businesses in the northern states.

DHL Express Malaysia and Brunei managing director Julian Neo said the new service centre will improve shipment processing capacity by 170 per cent, enabling faster transit times that will boost the service for the company's customers in mainland Penang, Perlis and Kedah.

"The new service centre comprises 2,386 square metres of warehousing and office space, which is five times the size of the previous facility. This is in response to the increased demand for international shipping by the northern region's business community.

"In line with Deutsche Post DHL Group's commitment to achieve zero carbon emissions by 2050, the facility is equipped with state-of-the-art solar panels and fitted with energy-efficient appliances and systems that are expected to cut the release of greenhouse gases by 26.9 per cent," he told reporters at the new service centre's opening ceremony, which was officiated by Penang Chief Minister Chow Kon Yeow, here today.

Neo said its Prai Service Centre, which was relocated from Taman Inderawasih, handles domestic and time-definite international shipments to and from the 220 countries and territories served by DHL Express and offers a convenient service point for customer drop-off and pick-up.

As a major facilitator of global supply chains, DHL Express helps homegrown brands realise their growth potential by tapping into the export market, he said.

"With the bigger and better Prai Service Centre, our customers are better positioned to leverage the ongoing growth of business-to-business and business-to-consumer e-commerce," he added.

Neo noted that in May 2021, DHL Express introduced a direct Hong Kong-Penang route, which plies five times a week between the Central Asia hub in Hong Kong and Penang Gateway.

An Airbus A300 aircraft with 54 tonnes of cargo space is dedicated to serve Penang where electronic components and parts make up the bulk of goods flown.

Meanwhile, Chow said the state government is pleased to see DHL Express establishing a stronger foothold in Penang to support the thriving businesses there, which have seen an uptick in overseas sales.

"DHL Express' investment demonstrates confidence in the state while capitalising on our strategic connectivity to Asia as a whole," he added.

https://www.nst.com.my/business/2022...e-centre%C2%A0

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Smith+Nephew opens a manufacturing facility in Malaysia with an investment worth over US$100 mil
Bernama June 28, 2022 19:14 pm +08

KUALA LUMPUR (June 28): Smith+Nephew, a global medical technology company, has opened a new high-technology manufacturing facility in Batu Kawan Industrial Park in Penang, with an investment worth over US$100 million (US$1=RM4.39).

It said the facility would primarily support the company’s orthopaedics business, which is expected to grow strongly in the Asia Pacific region.

“Up to 800 new local jobs in manufacturing, engineering and supply chain will be created over the next few years with key roles already filled,” it said in a joint statement with the Malaysian Investment Development Authority (MIDA) on Tuesday (June 28).

The new facility was officiated by the Chief Minister of Penang Chow Kon Yeow in the presence of MIDA chief executive officer (CEO) Datuk Arham Abdul Rahman and Smith+Nephew CEO Dr Deepak Nath.

Smith+Nephew said its manufacturing facility is a frontrunner in sustainability and achieved its goal of zero waste-to-landfill four years ahead of target and was recognised by the United Nations Global Compact Network for Malaysia and Brunei in the category of SDG Benchmark 4: Zero Waste to Landfill and Incineration in December 2021.

“Smith+Nephew also provides a bursary to students from the Penang Skills Development Centre who will be employed and trained as machinists upon their graduation at the company,” it said.

Meanwhile, Arham said the facility is the company’s first manufacturing venture within Southeast Asia, demonstrating the ability in attracting renowned medical device manufacturers into Malaysia.

“Smith+Nephew’s presence will also encourage the growth of local companies and our medical devices industry’s ecosystem and strengthen our reputation as an ideal med-tech manufacturing hub in ASEAN,” he said.

According to the statement, MIDA has approved 38 medical devices-related manufacturing projects worth RM7.68 billion, which were expected to create approximately 12,500 employment opportunities for the country, in 2021.

“The industry shows great promise in generating high-income jobs, increasing export value and reinforcing the domestic supply chain ecosystem,” it said.

It added that Malaysia is also well-positioned to be the manufacturing hub for the medical devices industry in Asia, while being home to over 200 manufacturers with more than 30 medical devices multinational companies producing high value-added medical devices.

Managing director and site leader of Smith+Nephew Operation Malaysia Sdn Bhd, Mark Arthun said the facility is expected to make its first shipment in July for the United States (US) market.

“We expect to make our first shipment out to the US next month and this facility represents our commitment to the Asia Pacific, Malaysia, our customers and their patients,” he told reporters after the opening ceremony.

He added that construction of the approximately 23,225.76 square metres facility started in March 2020 and was completed last year.

Meanwhile, Nath said that aligned with the company’s refreshed Strategy for Growth pillar to strengthen its foundation, the facility would enable Smith+Nephew to serve customers and their patients sustainably through advanced manufacturing.

“It is also a critical piece of our Strategy for Growth, improving efficiency and resilience and supports our purpose of Life Unlimited so that patients across the region and beyond can return to living life to their fullest,” he said.

Smith+Nephew is a portfolio medical technology company founded in Hull, United Kingdom in 1856, focusing on the repair, regeneration and replacement of soft and hard tissue.

The company now operates in more than 100 countries.

https://www.theedgemarkets.com/artic...over-us100-mil

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Mercedes-Benz bolsters Malaysian footprint with two new locally-assembled models
By NST Business - June 28, 2022 @ 11:56am



The Mercedes-AMG A 35 4Matic and the Mercedes-AMG GLA 35 4Matic further cemented the German marque's local footprint in the country, Mercedes-Benz Malaysia vice president of sales and marketing Michael Jopp said.

KUALA LUMPUR: Mercedes-Benz Malaysia Sdn Bhd has strengthened its foothold in Malaysia with the addition of two locally-assembled Mercedes-AMG compact car models.

The Mercedes-AMG A 35 4Matic and the Mercedes-AMG GLA 35 4Matic further cemented the German marque's local footprint in the country, Mercedes-Benz Malaysia vice president of sales and marketing Michael Jopp said.

"Continuously setting standards in the luxury market, these vehicles marked the entry into the exciting world of Mercedes-AMG Driving Performance – sporty, emotional and packed with driving pleasure," he added.

The Mercedes-Benz AMG A 35 and Mercedes-Benz AMG GLA 35 are assembled locally in Pekan, Pahang.

The A35 with a (short) boot is priced at RM343,888 on-the-road without insurance but with the Sales and Service Tax (SST).


But if one places his booking now till June 30, the price with SST exemption is RM325,090, although deliveries will have to be made by end-March 2023 for the SST savings to be applicable.

The AMG GLA 35, meanwhile, sells for RM345,048 with the SST exemption and RM363,888 if bought from July 1.

"We always take pride in a strong belief of providing only the best as we continue to meet the demands of our customers," Jopp said.

"As both A-Class and GLA are our best-selling models, we are excited to be able to launch the new Mercedes-AMG A 35 4Matic sedan and the new GLA 35 4Matic.

"With these vehicles introduced, we continue to deliver our promise to serve our Malaysian customers a wider range of high-performance luxury cars. We are confident that they will provide anyone behind the steering wheel a drive to remember," he said at the launch here today.

The 2.0-litre four-cylinder turbo engine in both vehicles boast spontaneous response to accelerator pedal commands, high tractive power (400 Nm max. torque from 3,000 rpm), a supremely lively response and an engine sound typical of AMG.

The engine produces 306 horse power and a remarkable 400 Nm of torque. Combined with Mercedes-AMG specific 4Matic all-wheel drive system, the A 35 4Matic accelerates from 0-100 km/h in just 4.8 seconds, and 5.2 seconds with the GLA 35 4Matic.

The AMG Ride Control suspension and the AMG Dynamic Select in both vehicles guarantee a powerful yet comfortable drive.

https://www.nst.com.my/business/2022...sembled-models

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University of Southampton Malaysia launches new campus in Johor
Hailey Chung July 04, 2022 23:30 pm +08
https://www.theedgemarkets.com/artic...w-campus-johor




https://www.propertyguru.com.my/new-...puteri-4395659

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Also present at the event were Belgium Ambassador to Malaysia Pascal Gregoire, Selangor Menteri Besar Datuk Seri Amirudin Shari, and Selangor state secretary Datuk Haris Kasim. This signing ceremony also represented another significant milestone and a testament to Selangor's long-standing and progressive bilateral relationship as well as cooperation with Belgian multinational companies and investors. To date, 15 projects or investments have been made by Belgian companies in Selangor. The total investments in relation to these projects are estimated at RM0.5 billion with a creation of 1,179 job opportunities.
https://www.theedgemarkets.com/artic...lant-expansion

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Concord College International is a wholly-owned subsidiary of UK-based The Bell Concord Educational Trust Ltd. It owns and operates one of the UK’s top ranked independent co-educational international schools — Concord College.
https://www.theedgemarkets.com/artic...-sunsuria-city

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Infineon invests RM8 bil in third wafer fabrication module in Kulim
Bernama July 08, 2022 20:08 pm +08

KUALA LUMPUR (July 8): Infineon Technologies (Kulim) Sdn Bhd, Germany’s global semiconductor producer, announced the construction of its third wafer fabrication (fab) module for RM8 billion which will add significant manufacturing capacity in power semiconductors.

Malaysia Investment Development Authority (MIDA) said in a statement that the wide bandgap technology is based on silicon carbide and gallium nitride. Construction is expected to be completed by the third quarter of 2024 in Kulim, Kedah.

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor is pleased that Infineon will continue its expansion in the Kulim Hi-Tech Park (KHTP).

“The number of capital-intensive high-tech manufacturing companies at KHTP has steadily grown, bringing advanced technologies and research and development (R&D) activities as well as high-tech jobs to Kedah, thus creating a vibrant economy for the local community,” he said in a statement on Friday.

Infineon Technologies AG chief operations officer Dr Rutger Wijburg said Malaysia is an important hub for Infineon due to the economies of scale presented in its front-end wafer fab manufacturing in Kulim and back-end chip manufacturing in Melaka.

“When fully equipped, products from the new module will generate an additional 2 billion euro (RM8.99 billion) in annual revenue.

“As decarbonisation efforts gain momentum globally, demand from electric vehicles, charging and storage infrastructures, and renewable energy for wide band gap power semiconductors is growing and we are prepared to support the demand,” he added.

In the same statement, MIDA deputy chief executive officer (investment development) Lim Bee Vian said the long-term industry partner has been instrumental in bringing growth to Malaysia’s semiconductor industry.

“With this announcement, it will increase Malaysia’s position in the global semiconductor supply chain and strengthen our position in the global value chains as well as to be an advanced manufacturing base in the region,” she said.

Meanwhile, Infineon senior vice-president and managing director Ng Kok Tiong said that bringing new technology to Malaysia requires skills to manage the complexity and experience to master the technology and the new model will create 900 high-value jobs.

The electrical and electronics (E&E) industry contributes significantly to Malaysia's GDP growth, export earnings, investment and employment and plays a vital role in the country's industrial development.

In the first quarter of 2022 Malaysia attracted a total of RM18.6 billion in approved investments in the E&E sector.

https://www.theedgemarkets.com/artic...n-module-kulim

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Novartis expands footprint in Malaysia
By NST Business - July 8, 2022 @ 3:42pm



In support of its expansion plan, Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed and ambassador of Switzerland to Malaysia Andrea Reichlin graced the showcase of Novartis Malaysia’s new office.

KUALA LUMPUR: Novartis Malaysia continues to solidify its presence in the local market with the addition of its new office in Plaza Imazium, Damansara Uptown.

More than just a change of address, the company said the new office was part of its strategic growth plan and commitment to future-proofing its business to better serve customers.

Novartis Asia Aspiring Markets head Kevin Zou said Malaysia's conducive and adaptive business-friendly support and infrastructure was a key component to the company's current footprint that had expanded to more than 800 associates in Malaysia, serving 32 million patients across the country.

"Over the five decades that Novartis has been in Malaysia, Kuala Lumpur's attractiveness as a regional hub has continued to improve, with supportive government incentives, a strong pipeline of key talents, robust infrastructure and an ever-expanding healthcare market," Zou said in a statement today.

Established in 1971, Novartis Malaysia has evolved from a small office to a leading player in the healthcare industry hosting three key divisions comprising Innovative Medicines (pharma and oncology), Sandoz (biosimilars) and the Novartis Global Service Centre Kuala Lumpur – one of only five global shared centres in the world.

NGSC KL, which was launched in 2016, has grown in a short span of six years from servicing five countries to 25 markets, including Novartis's own headquarters in Basel, Switzerland with high-end, data and digital-enabled working solutions.

The company said in 2021, Novartis Malaysia contributed over RM1 billion to Malaysia's gross domestic product with nearly a quarter coming from its business activities.

In support of its expansion plan, Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed and ambassador of Switzerland to Malaysia Andrea Reichlin graced the showcase of Novartis Malaysia's new office.

Mustapa said Novartis had significantly contributed to the world and Malaysia.

"I have also been informed of what Novartis has been doing worldwide and its future plan. Future is the most important part of the plan as it is all about knowledge, talent, and innovation," he said.

https://www.nst.com.my/business/2022...print-malaysia