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Nippon Electric Glass Raises Confidence In Malaysia

Post Time:Mar 15,2016Classify:Company NewsView:1526

Increases Production Capacity, Taps into 369 Local SuppliersKUALA LUMPUR, March 15 (Bernama) -- Nippon Electric Glass (NEG), a leading Japanese manufacturer of specialty glass recently announced that it will make a further RM80 million investments to expand its production facilities in Malaysia by July this year. “NEG’s additional investment shows the capabilities of its plant in Malaysia to meet the growing demand for high-quality glass tubing. This also reaffirms Malaysia’s value as a sustainable and profitable base in South East Asia. More excitingly, this investment brings along new technologies for glass melting and forming process,” said Dato’ Azman Mahmud, Chief Executive Officer of MIDA.
 
The expansion will increase NEG’s production of glass tubing for pharmaceutical and medical use, such as ampules and vials, as well as for applications in the manufacture of prefilled syringes and pen injections. The glass tubings are highly effective in minimising the risk of contamination by foreign substances and eliminating risks of medical errors. Currently, NEG Malaysia is the only manufacturer of glass tubing for pharmaceutical and medical use in ASEAN.
 
“NEG has been in Malaysia for 20 years. Since its establishment, the company’s operations have grown remarkably, expanding and diversifying its existing operations in Shah Alam many times. In fact, NEG has just completed its RM700 million investment to increase its production line for chopped strand glass fibre last year. So far, NEG has invested over RM6 billion in Malaysia, and employed more than 1,000 Malaysians. This expansion project will provide 30 additional job opportunities for Malaysians particularly in Selangor. The company conducts on-going talent development programmes to ensure its workforce meets the requirements of NEG’s business objectives.
 
Supporting industries in Selangor as well as other parts of Malaysia, such as banking, financial services and other local ancillary services will also benefit from the potential business opportunities that will arise from this expansion. Currently, 369 local suppliers have benefitted from NEG’s presence in Malaysia. NEG also contributes positively to Malaysia’s exports as 98% of all its glass specialty products are for the export market,” Dato’ Azman further added.
 
Japan has been among Malaysia’s largest source of foreign direct investments in the manufacturing sector.  As at December 2015, a total of 2,602 manufacturing projects with Japanese interest, involving total investments of RM85 billion, have been implemented in Malaysia. Japanese investors are exceptionally strong in the electronics and electrical products, non-metallic mineral products, basic metal products, petroleum products including petrochemicals, chemical and chemical products, as well as transport equipment. Japanese investments have benefitted more than 342,837 Malaysians in the form of employment.

SOURCE: Malaysian Investment Development Authority (MIDA)

FOR MORE INFORMATION, PLEASE CONTACT: 
Name : Teo Cho Cheng
Information & Communications Division
Malaysian Investment Development Authority (MIDA)
Tel: 03 2267 3585
Fax: 03 2273 4211
Website:
www.mida.gov.my

Source: http://www.bernama.com/bernama/v8/newsindex.php?idAuthor: shangyi

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