We are creating some awesome events for you. Kindly bear with us.

Malaysia to develop 30 new aerospace SMEs by 2020

According to a recent report, the Malaysian government targets to develop 30 new manufacturing small and medium enterprise (SME) players in the aerospace sector by 2020, in addition to the current 20 companies.

The Head of the National Aerospace Industry Coordinating Office (NAICO) stated that the local aerospace industry’s manufacturing segment had shown tremendous growth since the 1990s and recently surpassed the maintenance, repairs and overhaul (MRO) segment as the top revenue contributor in the aerospace sector.

He added that, of course, the MRO sector has been providing quite a sum of revenue to Malaysia but at this point in time, manufacturing (segment) is number one.

The hope is that it (manufacturing) can increase between 7.0 and 15.0 per cent every year, but this will rather heavily depend on how the country and the various organisations within it can bring in more investments.

The Head of NAICO also stated that about 48 per cent or RM6.6 billion of the aerospace industry’s revenue in 2017 came from the aerospace manufacturing segment, followed by 46 per cent from the MRO segment and the remaining from the engineering and design services segment.

The US-based General Electric’s decision to invest RM200 million to set up a new high-tech LEAP service centre in Malaysia would result in up to 40 new airlines servicing their engines in Subang airport.

The expectation is that with the new investment, more engines will be serviced in Subang, the Head told media reporters after the launch of the third Kuala Lumpur International Aerospace Business Convention (KLIABC) recently.

The launch was officiated by International Trade and Industry Minister. The Head added that NAICO, a unit under the Ministry of International Trade and Industry (MITI), will work with SMEs to ensure their long-term engagement in the aerospace industry.

MITI through its agencies like the Malaysia External Trade Development Corporation (MATRADE), Malaysia Investment Development Authority and SME Corporation (SME Corp), will provide grants to assist the SMEs in the aerospace industry.

It is important to note, however, that these grants, only cover about 50 per cent of any investments needed as we want to see the (same) commitment from industry players and to determine if they really want to invest in this segment, he added.

Meanwhile, the MITI minister said that the Malaysia Aerospace Blueprint 2030 targeted an annual revenue of US$14.3 billion or RM55.2 billion by 2030 and the creation of more than 32,000 high-income jobs.

“Malaysia is at the forefront of various activities in the aerospace value chain. Our companies cover engineering and design services, system integration, and the manufacture of aircraft parts and components including ground support equipment and MRO activities.

SMEs involvement in the industry is also encouraging. The 20 SMEs under the SME Corp’s Global Aerospace Manufacturing Industry Programme have shown positive growth and are expected to generate more than RMB30 million this year.

In 2017, Malaysia’s aerospace export surged 54 per cent to RM8.51 billion from 2016, with main exports being parts and components, particularly for wings, empennage and aircraft fuselage.

The three-day KLIABC is organised by MATRADE in collaboration with Malaysia Aerospace Industry Association (MAIA) and ABE France and will see the participation of 150 aerospace industry organisations from 21 countries.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend