KUALA LUMPUR: Medical gloves manufacturers, furniture makers and businesses in the aerospace, automotive, biotechnologies, petrochemical and electrical sector will be participating in Industry 4.0 seminar lead by Malaysian Investment Development Authority (Mida).
“We’re running Industry 4.0 seminars for manufacturers here this month. Representatives from Germany’s Bayern International the business promotion agency of the Bavarian Ministry of Economic Affairs will join in,” said Mida chief executive officer Datuk Azman Mahmud.
“There will be match-making business sessions with German companies,” Azman told reporters in a briefing here today.
Among those in the German delegation to speak at the Industry 4.0 seminars next week are Bavaria International chief executive officer Hans-Joachim Heusler and TUM International managing director Daniel Gottschald.
Also present at today’s briefing was Bernhard Schutte, TAPiO Management Advisory chairman representing Bavaria International of Germany.
“We will also be collaborating with Invest Selangor, Johor State Investment Centre (JSIC) and Invest Penang on this series of Industry 4.0 workshops. On the 21st August, we will be in Selangor, on the 23rd August, we’ll be in Johor and on the 25th we will be in Penang,” Azman said.
Industry 4.0 entails businesses to move into smart manufacturing to cut labour, optimise resources and ensure sophisticated accuracy, integrates the Internet of things (IoT), cloud computing into the heart of production and manufacturing systems.
Schutte said as Malaysia’s investors adopt Industry 4.0’s smart manufacturing they would be able to reduce unskilled labour, increase productivity and give rise to more quality jobs for locals.
By partnering with participating companies, Schutte added Malaysian companies can take advantage of high quality German branding added to their products and services, thus further increasing Malaysia’s position in the global market.
With any partnership formed, he said Bavaria state government assures Malaysian partner here will still have full control of their products, and have a wider opportunity in a world class production market with German quality branding.