Malaysia is still in the learning process of development of green technology – a technology that directly helps in energy conservation, also known as environmental technology (EnviroTech short).
Deputy International Trade and Industry, Mukhriz Mahathir said the country, however, is intensifying its research and Devlopment (R & D) in the area.
“We align ourselves with other countries like South Korea, the development of our green technology,” he said when opening the headquaerters integrated global manufacturing and training center for the A & E Group today.
He added that it was easier for the private sector to find a company that for the cooperation of Malaysia is still relatively new in green technology.
Cost savings to corrosion up to 40%
Mukhriz said the companies must use technology to maximize limited resources and find new ways to minimize the impact on the environment.
He said the National Association of Corrosion Engineers had estimated that up to 40% of the cost of corrosion could be saved by using appropriate technology.
“Although Malaysia is a major exporter of solar panels, to be a major player in renewable energy technology.
“We are also looking forward to an R & D in wind energy technology,” he said, adding that the country’s universities have R & D that can be used for commercial purposes.
“Sometimes, having a history of success as A & E, we really need to invest time and money in energy costs have a good R & D.” Mukriz said, describing the company as an example of the ingenuity of green technology in Malaysia.
Orders 2012
The A & E Group, a manufacturer of anti-corrosion coatings and systems, hopes to increase the income of RM30mil from RM20mil this year in 2009, the group’s executive director Arthur Haycox.
He said the objective can be achieved on the basis of orders from contract, the company has today.
“We have grown from year to year from RM2mil revenue in the last four to five years in double digits now.
“The orders we have now will help to increase revenues through 2012,” he told reporters after the launch.
Haycox said the company also has set a target of RM75mil in revenue over the next two years.
A & E currently has between RM200, 000 and RM7mil value of orders in the pipeline, he said.
Their new headquarters RM30mil-cum-manufacturing facility has the capacity to produce six machines a week compared with two machines a month in the previous plant, Haycox said.
The new facility caters to complete the value chain of activities of A & E and its customers in Asia-Pacific, including customer service, sales, training through the teaching academy, research institute, design, testing and manufacture .
“We are investing in technology and spend about 30% of our annual capital expenditure on R & D,” he said.
Related posts: