Swedish giant Hexagon, Malaysia's Naico to bolster local aerospace sector
Hexagon, through its manufacturing intelligence division, and Naico signed a memorandum of understanding (MoU) on the partnership during the 17th edition of the Langkawi International Maritime and Aerospace Exhibition today.
Hexagon, a global leader in precision technologies at any scale, has about 24,800 employees in 50 countries and net sales of 5.4 billion euros.
The partnership aims to drive advancements in manufacturing, strengthen the supply chain and upskill the workforce.
Hexagon Manufacturing Intelligence managing director for Asean Terrence Lim said the deal supports Malaysia's goal of becoming a regional aerospace hub.
"We are excited to team up with Naico, a leader in the Asia Pacific aerospace scene. This partnership brings digital expertise and industry insight to help build a strong, competitive ecosystem in Malaysia" he said.
Naico chief executive officer Shamsul Kamar Abu Samah said using Hexagon's advanced solutions and Malaysia Aerospace Centre of Excellence will help raise the country's role in the global aerospace industry.
The pact aligns with national plans under the Malaysian Aerospace Industry Blueprint 2030 and the 12th Malaysia Plan.
Naico, an agency under Investment, Trade and Industry Ministry, will act as the main coordinator for stakeholders and communications.
Meanwhile, Hexagon will provide technical knowledge and support for joint efforts in training and capacity building.
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