14 Nov Special Report: Penang manufacturing ready for Industry 4.0?
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For nearly five decades, the manufacturing sector has been Penang’s economic backbone, making up 44.7% of its commercial activity in 2015 after the colonial-era free-port status was removed in 1969 by the federal government
FOR nearly five decades, the manufacturing sector has been Penang’s economic backbone, makingto catch up with global trends among local players due to lack of information, resources up 44.7% of its commercial activity in 2015 after the colonial-era free-port status was removed in 1969 by the federal government.Backed by the state’s second chief minister Tun Dr Lim Chong Eu’s vision in the 1970s to turn a mostly agriculture-based Bayan Lepas into a sprawling industrial hub, Penang island soon became known as the country’s Silicon Valley. It also became an electronic and electrical (E&E) powerhouse supported by multinational corporations (MNCs) such as Intel Corp, Osram Licht AG, B Braun Melsungen AG, Robert Bosch GmbH, Agilent Technologies Inc, Jabil Inc and Dell Inc.Penang contributed 12.8% to the country’s manufacturing revenue of RM244.2 billion in 2015, after Selangor at 28.9%.
More at http://www.mida.gov.my/home/4662/news/special-report-penang-manufacturing-ready-for-industry-4.0-/
