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BUSINESS

MIDA partners Xinyi Energy Smart in supply chain programme

02/09/2022 03:30 PM

KUALA LUMPUR, Sept 2 (Bernama) -- The Malaysian Investment Development Authority (MIDA) has extended its support to the supply chain programme of Xinyi Energy Smart (Malaysia) Sdn Bhd, the first overseas division of China’s leading integrated glass manufacturer, Xinyi Glass Holdings Ltd.

Located at the Elkay Industrial Park in Jasin, Melaka, Xinyi Energy Smart is looking to expand its supplier base as part of its localisation plan, MIDA said in a statement today.

"This supply chain programme seeks to establish a conducive supply chain ecosystem by partnering with local suppliers, vendors and service providers," MIDA said.

MIDA, which has played an instrumental role in helping Xinyi set-up its operations here, is supportive of the latter’s supply chain programme as it opens up opportunities for local suppliers to grow and develop their business. 

"This is in tandem with the supply chain facilitation programme initiated by the government of Malaysia, tasked to MIDA, to assist both domestic and foreign companies get the most out of their operations here." 

MIDA deputy chief executive officer (investment development) Lim Bee Vian said MIDA’s supply chain programme aims to create opportunities for domestic companies, narrow the gaps in the supply chain, support multinational companies (MNCs) and Limited Liability Companies (LLCs) in outsourcing their manufacturing activities to domestic companies, as well as develop and upgrade the domestic companies. 

"This in turn, will encourage the growth of domestic investments and encourage the adoption and adaptation of automation and the Fourth Industrial Revolution by MNCs, LLCs and their vendors,” she said.

 Lim said MIDA is looking forward to the success of this programme in bridging the needs and opportunities between Xinyi and local companies while Xinyi is also looking forward to building relationships with service providers, namely haulage and transportation services.

"MIDA welcomes industry players to explore our dedicated resources, wide range of facilities or consultation services to assist investors in expanding their operations here in the country. Xinyi has thus far invested approximately RM2.1 billion in Malaysia and created more than 1,900 job opportunities," she added.

-- BERNAMA

 

 


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