GEEORGETOWN, Jun 17 – Agilent Technologies Malaysia is celebrating a 50 years in the analytical. The event has been invited Penang Chief Minister Lim Guan Eng and YB Yap Soo Huey, Penang State Assembly Member for Pulau Tikus, to attend the celebrating at Multipurpose Hall, Agilent Technologies Malaysia.
One of the earliest MNCs to set up its manufacturing facilities in Penang, Agilent Technologies underwent what it described as the “most profound change in its history” last year when it spun off its electronics measurement business to become a global leader in life sciences, diagnostics and applied chemical markets. As befitting the new Agilent identity as a health care company, today Agilent Malaysia celebrates the company’s 50th anniversary in the analytical instrumentation business.
Agilent’s entry into analytical instrumentation began in 1965, when Hewlett Packard, of which it was then a part, acquired F&M Scientific Corporation, a maker of gas chromatographs based in Avondale, Pennsylvania. Since then, Agilent has expanded to gain leadership for other analytical instruments such as serving the environment, chemical and energy, food, pharmaceutical, academia and government, and clinical and diagnostics markets.
“The lauded Agilent’s contribution to the economic success of Penang, citing the company as testament that a career in life sciences can be a lucrative and attractive way forward for the younger generation in Penang and Malaysia” said Penang Chief Minister Lim Guan Eng in his keynote address.
Penang is Malaysia’s first industrialized state with both the services and manufacturing sector contributing 95% of Penang’s GDP by 2014 of RM 67 billion. Investment statistics released by MIDA showed that Penang has recorded a 109% increase in investments last year over 2013’s volume of RM3.9 billion to RM8.2 in 2014.
Penang’s investment over a 7 year period from 2008 to 2014 is RM 48.2 billion, a 93.6% increase over similar 7 year period from 2001 to 2007 of only RM 24.9 billion. 62.5% of the total investment came from FDI. This proves that foreign direct investments have fueled Penang attractiveness a preferred investment location.
Penang has also recorded a budget surplus every year since the new government in 2008. From 2008 -2013, budget surpluses amounts to RM453 million, with the largest surplus in Penang’s history of RM138.31 million recorded for the year 2011 alone. In this 6 year period (2008-2013), Penang’s accumulated budget surpluses amounting to RM453 million even exceeds the total surplus of RM373.6 million recorded over the 50 years from 1957 until year end 2007.
Penang State Government is proceeding with our plan for the future, especially the twin challenges of building affordable housing and resolving our transport woes with a RM 500 million Public Housing Fund and a RM 27 billion Penang Public Transport Master Plan that will integrate both land and sea networks, including an MRT system, to link both the island and mainland halves of the state.
Meanwhile, the economic growth of Penang has largely been focused on manufacturing, contributing nearly 60% of Penang’s GDP, especially in the electronics sector. So Penang has been moving in the direction of establishing itself as a hub for medical tourism, creative and knowledge clusters as well as shared services. Only when there exists the 3Ts of talent, technology and tolerance of new ideas, can we build a creative/knowledge cluster.
In the same time, President of Agilent Malaysia, Chai Meng Fee, in his welcome address, praised employees for their hard work, providing the right combination of hardware, software, services, consumables and insights to address the full range of customers’ scientific and business needs. “The life sciences and chemical instrumentation design and manufacturing began in Penang five years ago and the products made here have been making global impact since,” he said.