GENERAL

Growth in Malaysia's Automotive Industry Drives Deployment of Collaborative Robots in 2021

 |  Wednesday, 07 April 2021 15:42  |  Published in GENERAL

MALAYSIA, 06 April 2021 - Universal Robots (UR), Denmark-based collaborative robots (cobots) technology market leader, today urged local manufacturers in the automotive industry to explore new opportunities for the use of robotic solutions in the automotive manufacturing facilities.

Under the National Automotive Policy (NAP) 2020, Malaysia’s automotive manufacturing industry is expected to contribute RM104.2 billion to GDP by 2030. NAP 2020’s blueprint also outlined initiatives and strategies on robotics, targeting 730 new system integrators comprising 350 in robotics and 380 in IoT to be established by 2030. Meanwhile, the Malaysian Automotive, Robotics, and IoT Institute (MARii) expects the automotive industry, including Mobility as a Service (MaaS), to contribute up to 10% of GDP. The industry is forecasted to produce 1.47 million vehicles annually, offering 323,000 employment opportunities. 

Samsung Unveils its 2021 TV Portfolio That Matches The New Normal

 |  Wednesday, 07 April 2021 15:38  |  Published in GENERAL

KUALA LUMPUR, 6 APRIL 2021 – Samsung Malaysia Electronics announces its 2021 lineup of Neo QLED, MICRO LED and lifestyle TVs. As new lifestyles habits and trends are evolving faster than ever before, consumers are using screens to work from home, exercise using online platform, stay in touch with loved ones, and engage with many other activities. Screen should also be evolving in line with these lifestyle changes. 

“As people spend more time at home, Samsung’s latest innovations allow consumers to get the most from their screens—allowing them to work efficiently, communicate effectively, and explore their personal passions,” said Edward Han, President of Samsung Malaysia Electronics. “Samsung is committed to delivering the best possible viewing experience. Our leadership in picture performance has made Samsung the number one brand in TV globally for 15 consecutive years—and in 2021, Samsung continues to build on this legacy to offer consumers extraordinary visuals.”

Volcano Makes Debut on ACE Market

 |  Wednesday, 07 April 2021 15:36  |  Published in GENERAL

KUALA LUMPUR, 6 APRIL 2021 – VOLCANO BERHAD (“Volcano” or the “Group”, Stock Code: 0232), a leading international manufacturer of nameplates and plastic injection moulded parts, successfully listed on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) today. 

Chairman of Volcano, Ms. Wong Wan Chin, said: “Aside from making the Group more visible, this IPO will also help with the expansion of Volcano. In today’s highly competitive business environment, this expansion will accelerate our move towards automation and streamline our manufacturing process to ensure sustainable growth. We seek to capitalise on our current regional presence, particularly in Thailand and Singapore, to tap into the immense business opportunities available from the rising growth of the electrical and electronics and automotive industries.” 


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