SMEs record RM14 mln in potential sales at Singapore Airshow

: The 18 Malaysian small and medium enterprises (SMEs) which participated in the Airshow 2018, which was held from Feb 10-11, 2018,  recorded potential sales of RM14 million.

In a statement yesterday, the Ministry of International Trade and Industry (MITI) said, the SMEs were part of SME Corp ’s EPP8: Developing SMEs in the Global Aerospace Manufacturing Industry programme.

“These companies were identified for further development as part of the government’s initiative to expand the local aerospace supply chain. Throughout the event, the SMEs participated in business networking meetings with major industry players,” it said.

MITI said Malaysia had an eventful participation at the airshow, which brought together global aerospace players to network, exhibit and converge new product ideas, transfer of knowledge and training capabilities, among others.

Malaysia Airport Holdings Bhd signed two memorandum of agreements (MoAs) and two memorandum of understandings (MoUs) with several business partners, it said.

“The MoA with Axis Real Investment Trust is to develop a built-to-suit industrial manufacturing facility for Senior Aerospace UPECA, while the agreement with Skyways Technics is on expansion plan to develop a new facility in the MRO Centre at the Subang Aerotech Park.

“A MoU was inked with Asian Business Aviation Association to provide crucial industry knowledge to strengthen and make Sultan Abdul Aziz Shah Airport into an attractive destination for the aviation business. The MoU with MARA Corp will focus on a partnership to facilitate human capital development for KLIA Aeropolis,” it said.

Moving forward, MITI said, through the National Aerospace Industry Coordinating Office and its agencies, namely, Malaysian Investment Development Authority, Malaysia External Trade Development Corp and SME Corp, it would continue to promote the aerospace eco-system in partnership with industry players.

“This concerted effort will enable Malaysia to reach the targets set under the Malaysian Aerospace Industry Blueprint that aims to position Malaysia as the leading aerospace nation in the region and an integral part of the global market by 2030,” it said. — Bernama

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Source: Borneo Post Online

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