GEORGETOWN, Jun 10 – Penang Chief Minister attending the opening ceremony of NEPCON Malaysia 2015 which was happening on yesterday at SPICE Arena. The event will start from today until 11 June 2015. NEPCON Malaysia is the single largest sourcing ground for components, PCB/SMT, semiconductor, testing & measurement and support services sectors in Malaysia.
It is well recognized by the electronics industry as the most effective platform for international suppliers to launch their new products and services to local and regional buyers, gain new contacts and grow new businesses. NEPCON Malaysia also has attracted 319 participating companies from 26 countries. More than 70% of these are international brands from China, Japan, Germany, Korea, Singapore, Switzerland and the United States.
“We are also delighted to have 3 country groups namely from China, Singapore and Taiwan. Over the next three days, we expect more than 5,000 electronics professionals, to meet, engage and network with our industry experts on the latest electronics manufacturing solutions and technologies in the market,” said Michelle Lim, Managing Director of Reed Exhibitions, the organizer of NEPCON Malaysia.
This event reaffirms Penang’s standing and recognition by UN’s Industrial Development Organization (UNIDO) as being among the top 10 dynamic industrial cluster locations in the world with a vibrant manufacturing ecosystems, world-class capabilities and track record as well as availability of the talent pool especially in the electronic sector.
Penang industrialization record of 40 years provides an outstanding combination of attributes that are the cornerstone of the thriving electronics manufacturing industry in Malaysia. Almost all the top names in the E&E industry are here and we have nearly 1,000 factories all over Penang.
FDI will continue to push Penang’s economy ahead. Penang has received about 13% of Malaysia’s total investment between 2008 and 2013. Within the same time span, Penang captures almost 15% of Malaysia’s FDI. Investment statistics released by MIDA recently, showed that Penang has recorded a 109% increase in investments last year over 2013’s volume of RM3.91 billion to RM8.16 in 2014.
Penang’s investment for 2008 to 2014 is RM 48.2 billion, a 93.6% increase over similar period from 2001 to 2007 of RM 24.9 billion. 62.5% of the total investment came from FDI. This proves that foreign direct investments have fueled Penang attractiveness a preferred investment location.
Meanwhile, the competing also focus in the electronic industry is to choose between developing a world-class product or a platform that becomes the industry standard. Penang’s competitive advantage is that we have the ecosystem to help you develop both whether you choose to focus on the platform or the product, it will be world class.
NEPCON Malaysia has invited 9 electronics experts to share their expertise and knowledge at the inaugural Tech-Knowledgy Talks which is to encourage more interaction in the electronics community. Lastly, there were the show will also feature a durian fest on the opening day, competitions with daily prizes and other activities for guests and exhibitors.
