ID :
163918
Fri, 02/25/2011 - 10:16
Auther :
Shortlink :
https://oananews.org//node/163918
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AEROSPACE MANUFACTURING TURNOVER TO BREACH RM1 BIL THIS YEAR
KUALA LUMPUR, Feb 25 (Bernama) -- The turnover in the aerospace
manufacturing sector is projected to breach RM1 billion (US$322,580) this year, up from RM600 million (US$193.54 million), as more global players show interest to invest and enter into joint ventures in Malaysia.
The positive growth follows new expansion by Spirit AeroSystems (M) Sdn Bhd, Composites Technology Research Malaysia Sdn Bhd (CTRM), Asian Composites Manufacturing Sdn Bhd (ACM) and Upeca Aerotech Sdn Bhd.
"We have not got the full numbers for 2010 yet, but it is nearing the RM1 billion mark. So, this year it could be more than that," said Malaysian Industry-Government Group for High Technology (MiGHT) senior vice-president (intelligence and research/programme director) Lt-Col (Rtd) Ir Kamarulzaman Zainal.
The sub-sector has seen eight per cent annual growth so far.
The actual numbers would be announced at the Langkawi International Maritime and Aerospace Exhibition (LIMA) later this year, he said.
Among recent achievement is CTRM's Boeing 787 fan cowl rollout and the other being Upeca's first batch of Airbus XWB series machine parts handover to Spirit.
Kamarulzaman said more global players were showing interest to invest and engage in joint ventures in Malaysia in component manufacturing, aircraft assembling and raw material supply.
Malaysia, he said, was eyeing for more investments that would address the gap within the aerospace manufacturing sector such as component areas.
"We are not keen in investments for airframe manufacturing as there are enough players here," he told a press conference to announce the Aerospace Meetings Kuala Lumpur in May.
The event is hosted by BCI Aerospace in partnership with MiGHT and the Malaysian Investment Development Authority (MIDA).
As Malaysia was becoming more prominent in the industry, Kamarulzaman said a number of companies, which were at Tier 3 manufacturing, had moved up the scale to Tier 2 and 1, respectively.
"We are encouraging more of Tier 3 companies to venture into the industry," he said, adding that companies engaged in the automotive industry could also penetrate the aerospace manufacturing sector amid the huge potential in store.
He said maintenance, repair and operations (MRO) is another sub-sector that was quite well developed and the focus had been on enhancing local capabilities in components.
"Malaysia aims to capture five per cent of the global market share and is expected to see accelerated growth under the Economic Transformation Programme," he said.
Kamarulzaman said the sector saw RM4.3 billion (US$1.38 billion)turnover in 2009.
"The growth trend is expected to be maintained as the economic cycle undergoes an upswing," he said, adding that the aim was to build a RM13.4 billion (US$4.32 billion) gross national income MRO industry by 2020, which will create over 20,700 jobs.
manufacturing sector is projected to breach RM1 billion (US$322,580) this year, up from RM600 million (US$193.54 million), as more global players show interest to invest and enter into joint ventures in Malaysia.
The positive growth follows new expansion by Spirit AeroSystems (M) Sdn Bhd, Composites Technology Research Malaysia Sdn Bhd (CTRM), Asian Composites Manufacturing Sdn Bhd (ACM) and Upeca Aerotech Sdn Bhd.
"We have not got the full numbers for 2010 yet, but it is nearing the RM1 billion mark. So, this year it could be more than that," said Malaysian Industry-Government Group for High Technology (MiGHT) senior vice-president (intelligence and research/programme director) Lt-Col (Rtd) Ir Kamarulzaman Zainal.
The sub-sector has seen eight per cent annual growth so far.
The actual numbers would be announced at the Langkawi International Maritime and Aerospace Exhibition (LIMA) later this year, he said.
Among recent achievement is CTRM's Boeing 787 fan cowl rollout and the other being Upeca's first batch of Airbus XWB series machine parts handover to Spirit.
Kamarulzaman said more global players were showing interest to invest and engage in joint ventures in Malaysia in component manufacturing, aircraft assembling and raw material supply.
Malaysia, he said, was eyeing for more investments that would address the gap within the aerospace manufacturing sector such as component areas.
"We are not keen in investments for airframe manufacturing as there are enough players here," he told a press conference to announce the Aerospace Meetings Kuala Lumpur in May.
The event is hosted by BCI Aerospace in partnership with MiGHT and the Malaysian Investment Development Authority (MIDA).
As Malaysia was becoming more prominent in the industry, Kamarulzaman said a number of companies, which were at Tier 3 manufacturing, had moved up the scale to Tier 2 and 1, respectively.
"We are encouraging more of Tier 3 companies to venture into the industry," he said, adding that companies engaged in the automotive industry could also penetrate the aerospace manufacturing sector amid the huge potential in store.
He said maintenance, repair and operations (MRO) is another sub-sector that was quite well developed and the focus had been on enhancing local capabilities in components.
"Malaysia aims to capture five per cent of the global market share and is expected to see accelerated growth under the Economic Transformation Programme," he said.
Kamarulzaman said the sector saw RM4.3 billion (US$1.38 billion)turnover in 2009.
"The growth trend is expected to be maintained as the economic cycle undergoes an upswing," he said, adding that the aim was to build a RM13.4 billion (US$4.32 billion) gross national income MRO industry by 2020, which will create over 20,700 jobs.
