Honeywell Reaffirms Strong Commitment To Malaysia's IR 4.0 Agenda

KUALA LUMPUR, April 2 (Bernama) -- Honeywell, a Fortune 100 global technology and software-industrial leader, has reaffirmed its strong commitment and continued contribution towards the growth and development of Malaysia’s Fourth Industrial Revolution (IR 4.0) agenda. The reaffirmation came during International Trade and Industry (MITI) Minister Darell Leiking’s visit to the company’s state-of-the-art Honeywell Technology Experience Center (HTEC) in Washington D.C, United States on April 1. It was also attended by InvestKL chief executive officer (CEO) Zainal Amanshah and Malaysian Investment Development Authority (MIDA) CEO Azman Mahmud, as well as other senior officials. The visit was part of the six-day trade and investment mission to the US beginning April 1. In a statement, Darell said his ministry would continue to look out for best practices in innovation, technology, industry and manufacturing, which Malaysia can adapt to its growing IR 4.0 plans. “A successful innovation ecosystem is one that allows Multinational Companies (MNCs) to thrive. ‘At the same time, it enables small and medium-sized enterprises (SMEs) to be successful in niche markets, and become respected sources of economic strength as suppliers to MNCs and as exporters. “Malaysia is already on track to achieving this. An important factor in ensuring success is working with industry partners and global players like Honeywell to enable SMEs to make continual incremental improvements in processes and products that help them move up the value chain,” he added. He said this in turn translated into sustained competitive advantages. Zainal said by working closely with global players, local SMEs are more likely to introduce innovative products and services than focusing entirely on domestic markets. “Honeywell is bringing positive impact to the growth of SMEs in Malaysia and we continue to welcome similar prospective investors with objectives that are aligned with Malaysia,” he added. Honeywell chairman and CEO Darius Adamczyk who visited Malaysia last year and met with key customers and senior government officials, said he was feeling positive about Malaysia’s aim of being a primary destination for high-tech industries and its plans for technological innovation. “Malaysia’s IR 4.0 agenda has provided Honeywell with the welcome opportunity to partner government entities, local SMEs, suppliers and other key stakeholders to help address the region’s growing demands for energy efficiency, sustainability, safety and productivity in the places where people live, work and play,” he said. Honeywell established its ASEAN regional headquarters in Kuala Lumpur in 2015 as the first MNC to join the government’s principal hub initiative. -- BERNAMA