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New Straits Times
23-05-2025
- Business
- New Straits Times
Swedish giant Hexagon, Malaysia's Naico to bolster local aerospace sector
KUALA LUMPUR: Sweden's Hexagon AB and National Aerospace Industry Corp Malaysia (Naico) have teamed up to boost innovation and digital growth in the 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.
The Sun
20-05-2025
- Business
- The Sun
Naico Malaysia forges partnerships to advance country's aerospace sector
LANGKAWI: National Aerospace Industry Corporation Malaysia (Naico Malaysia) has signed four memorandums of understanding (MoU) to advance Malaysia's aerospace sector and reinforce the nation's agenda for building a resilient, competitive and future-ready sector. Naico Malaysia established strategic partnerships with Perkeso (Social Security Organisation), Exim Bank Malaysia Bhd, MBSB Bank Bhd and i-CATS University College. The MoUs reflect Naico Malaysia's focus on ecosystem streamlining, ensuring companies have access to financial instruments, skilled human capital, and regulatory support. 'These partnerships and recognitions are not only timely – they are strategic. They demonstrate our shared commitment to drive sustainable talent development, enhance supply chain integration, and propel Malaysia's aerospace industry to new heights under MAIB 2030 and NIMP 2030,' Naico Malaysia CEO Professor Shamsul Kamar Abu Samah said at the signing event today. The event also witnessed the launch of the AeroPN Tech-Up Financing Programme by Malaysia Productivity Corporation. This initiative aims to support aerospace SMEs in scaling up technological capabilities and improving operational efficiency. In line with Malaysia's aerospace quality transformation goals, the ceremony featured the presentation of AS9100 Aerospace Quality Management Systems Certificates by Sirim QAS to several local aerospace companies. These certifications are key to Malaysia's ambition of integrating deeper into the global aerospace supply chain. They reflect a collective industry commitment to excellence, compliance, and global competitiveness. Naico Malaysia said it remains committed to its role as the industry development agency under the Ministry of Investment, Trade and Industry, bridging government, industry and academia to realise Malaysia's ambition to become the leading aerospace hub in Southeast Asia.
The Star
20-05-2025
- Business
- The Star
MBSB allocates RM1bil financing to support Malaysia's aerospace sector's growth
KUALA LUMPUR: MBSB Bhd has announced a RM1 billion financing facility to accelerate the growth of Malaysia's aerospace sector. The facility will support the national vision outlined in the Malaysia Aerospace Industry Blueprint 2030 (MAIB 2030), which aims to position the country as a leading aerospace hub in Asia, the group said in a statement today. It said the funding, which is made available through MBSB Bank Bhd and MIDF's development finance facility, is tailored for original equipment manufacturer (OEM) suppliers, as well as Tier 1 and Tier 2 manufacturers. The facility also targets maintenance, repair, and operations (MRO) providers and aerospace companies investing in expansion, automation, engineering, research and development, and talent development, said the bank. Group chief executive officer (CEO) Rafe Haneef said aerospace is not only a high-tech (technology) sector but also a high-impact one. "As Malaysia cements its role in the global supply chain and supplies to major OEMs, the returns to our economy are tangible, from skilled job creation to export value. "Our RM1 billion facility is designed to scale that impact by backing players with the ambition to lead in manufacturing, design and innovation. We are here to fund the future of aerospace, which is precisely where Malaysia can lead,' he said. Meanwhile, National Aerospace Industry Corporation Malaysia (Naico) CEO Shamsul Kamar Abu Samah said Malaysia's aerospace industry reached RM25.1 billion in revenue in 2024, driven by strong growth in MRO and manufacturing. He added that MBSB's RM1 billion facility is a timely boost to this momentum, directly supporting Naico Malaysia's mandate under MAIB 2030 and aligning with the Ministry of Investment, Trade and Industry's New Industrial Master Plan 2030. - Bernama
