Malaysian auto vendors see great potential to collaborate with Japanese
Mie Prefecture, Japan, 8 March: Malaysian auto vendors see great potential in
partnering with their Japanese counterparts to tap the growing ASEAN Economic
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
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,”
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.