Thursday, March 09, 2017

Industry news: Malaysian automotive vendors keen to collaborate with Japanese counterparts


Recently a total of 44 Japanese automotive vendors and trading companies attended a business matchmaking session with a trade delegation consisting of 25 Malaysian automotive vendors held in Tsu City, Mei Prefecture yesterday. The event was hosted by Hyakugo Bank of Japan. Much like speed-dating in some ways where potential partners get to meet one another and see whether marriage of some sorts is possible. Business wise that is.


The event which was organised by the Malaysian Automotive Institute (MAI), assisted by the Malaysia Investment Development Authority (MIDA), the Malaysia External Trade Development Corporation (MATRADE), Japan Trade Organisation (JETRO) and supported by Perodua. 

The potential collaboration between the companies from Malaysian and Japan include strategic partnership and/ or technical assistance in the areas of plastic parts, metal parts, tools, electrical parts and after-market parts. If it happens, it would open up avenues for these vendors to go global. The only true way to ensure a sustainable automotive industry is to go forth and venture into global markets. 


The event was also attended by Hyakugo Bank’s Chairman Mr Tsuyoshi Ueda (2nd from right), Perodua President and Chief Executive Officer Datuk (Dr) Aminar Rashid Salleh (3rd from left) , MAI’s Chief Operating Officer, Encik Nizma Mohd Nazar (4th from left) and MIDA Director, Tokyo office, Encik Zahirul Ishak.

It is great to see news that Malaysian companies stepping out and trying to further their horizons. It also shows that the companies chosen have the potential to go further than where they are today. Right now you can see that these 'top' vendors of Perodua are doing so with the help of MAI and MIDA. The government still assists in paving the way for companies to go places.

PRESS RELEASE
Malaysian auto vendors see great potential to collaborate with Japanese

counterparts

Mie Prefecture, Japan, 8 March: Malaysian auto vendors see great potential in

partnering with their Japanese counterparts to tap the growing ASEAN Economic

Community market.

A total of 44 Japanese automotive vendors and trading companies attended a

business matchmaking session with 25 Malaysian automotive vendors held in Tsu

City, Mei Prefecture yesterday. The event was hosted by Hyakugo Bank of Japan.

“Southeast Asia is, with the launch of ASEAN Economic Community, a very

attractive market for Japanese companies, and for Malaysian companies,

partnership with Japanese companies with the most advanced technology is said to

be one of the important factor(s) for overcoming competition,” Mr Toshiyasu Ito,

President of Hyakugo Bank said at the opening of the business matchmaking

session.

The event which was organised by the Malaysian Automotive Institute (MAI),

assisted by the Malaysia Investment Development Authority (MIDA), the Malaysia

External Trade Development Corporation (MATRADE), Japan Trade Organisation

(JETRO) and supported by Perodua.

The potential collaboration between these companies include strategic partnership

and/ or technical assistance in the areas of plastic parts, metal parts, tools, electrical

parts and after-market parts.

The event was also attended by Hyakugo Bank’s Chairman Mr Tsuyoshi Ueda,

Perodua President and Chief Executive Officer Datuk (Dr) Aminar Rashid Salleh,

MAI’s Chief Operating Officer, Encik Nizma Mohd Nazar and MIDA Director, Tokyo

office, Encik Zahirul Ishak.



“Today’s event is a testimony of the strong bilateral economic relationship between

Malaysia and Japan.”

“It is intended among others as a platform for our vendors to identify suitable and

potential joint ventures with Japanese automotive companies; as well as help to

promote strategic alliances in various business areas, including technology

collaboration, business expansion opportunity, export market penetration and

knowledge sharing,” Nizma said.

He said that Japan has long been a close trading partner to Malaysia. In terms of

trade of automotive products, Japan was Malaysia’s second largest trading partner,

with two-way trade amounting to RM6.8 billion in 2015.

“Malaysia’s exports of automotive parts and components to Japan last year recorded

an increase of 27 per cent to RM301.5 million from RM237.5 million in 2014. Look at

Perodua, and that is a testament to what a Japan-Malaysia partnership can do,”

Nizma said.



Datuk Aminar said that this event is rather historic moment for the Malaysian

automotive industry in general and for Perodua in particular, as all the 25 Malaysian

vendors participating are the best in their respective fields and are now on the verge

or going regional, if not global.

“These 25 Perodua vendors were vetted carefully based on their dedication towards

improving quality, discipline and productivity while at the same time committed

towards better cost management,” he said.

Datuk Aminar said that this business matching session is also a continuation of the

“Look East” Policy, which began in 1981 as well as an opportunity to take advantage

of the free trade agreement between Malaysia and Japan.

“I believe that there are a lot of areas where collaborations are possible whereby

both parties can complement each other to take advantage of the potential growth in

the Southeast Asia nations or ASEAN and beyond,” he said.

He further explained that aside from the economic potential growth in the ASEAN

region, Malaysia also has a lot of potential as the country’s economic growth is

expected to grow between 4.5% and 4.7% in 2017.

“Malaysia is a Japanese-friendly country with over 30,000 Japanese citizens living

and working there. There are also over 3,000 Japanese related companies operating

in Malaysia and we believe that you will find that Malaysia the right place for you to

set up your business,” Datuk Aminar added.

- End

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