YB Dato' Sri Ong Ka Chuan witnessed the signing of the JV agreement between Sakamoto R&D and Azman Hamzah (M) to design and manufacture automotive plastic fuel tank
on August 30, 2016 at 12:28 pm
MITI Minister II, YB Dato' Sri Ong Ka Chuan witnessed the signing of the JV agreement between Sakamoto R&D and Azman Hamzah (M) to design and manufacture automotive plastic fuel tank on 29 August, 2016.
MAI also signed a MOU with the JV company to coordinate the transfer of technology for the purpose:
1. To reduce imports of plastic fuel tanks worth RM200 M.
2. To benefit other domestic vendors with the advanced plastic technology of Sakamoto R&D Japan.
Perodua has played a vital role in making the JV a reality while facilitated by MITI and MIDA.
YB Dato’ Seri Ong Ka Chuan, said Malaysia's trade performance was still strong and that included the car parts segment. "The world motor vehicle market is vibrant like the handphone segment.
For the car accessories, there are always a new market because the population of the younger generation is growing and they too want to own vehicles.
"We still can maintain the pace (of export), but we have to work harder to find new markets, he said.
YBM II also said with the government helping boost market access by signing free trade agreements with friendly countries, local firms needed to innovate and improve the quality of products to enter the new market.