COVID–19 NEWS   Spain’s Queen catches COVID-19 amid countrywide spike in infections | S Korea’s new COVID-19 cases bounce back to over 10,000 amid resurgence woes | Italy's COVID-19 transmission rate rises for 4th consecutive week | N Korea's first COVID-19 cases traced to area bordering S Korea: State media | COVID: Rise in new infections, drop in death cases last week - Health DG | 
BUSINESS

Malaysia's first smart glass plant targets RM7 mln revenue from local sales

26/04/2022 05:43 PM

SHAH ALAM, April 26 (Bernama) -- Chiefway Malaysia Sdn Bhd launched Malaysia's first smart glass manufacturing plant today with a target revenue of RM7 million from the local market this year.

Chief executive officer and founder Jeffrey Chong said local property developers will have better access to smart glass for high-tech and eco-friendly developments. 

With an investment of about RM1.2 million, the plant is able to produce 2,000 square metres of smart glass monthly. The company is targeting 70 per cent of production to cater to local demand and the rest for exports, he said.

“Smart glass suppliers in this country are all traders, with supplies from South Korea, China, Japan and the United States; but the price is not affordable to Malaysians. We are here because we have the technology to produce at affordable prices but with premium quality,” Chong told a press conference after the factory launch here today.

The company will lower further its pricing to make it more affordable as the plant moves towards mass production.

Chong said Chiefway Malaysia is set to venture into the consumer and retail market in May, offering smart glass solutions including windows, doors, skylights and awnings.

It is currently exporting to neighbouring Thailand and Singapore, apart from Europe and the Middle East. 

“We are still in the small and medium enterprise (SME) sector, but I believe the government and SME associations will help SMEs to grow both locally and globally,” Chong said. 

The company uses advanced technology to make smart glass, which allows the control of the various forms of light for different applications, including visible and ultraviolet light.

-- BERNAMA

 


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy