KUALA LUMPUR, November 1 – Hexagon’s Manufacturing Intelligence division remains optimistic about its growth in Malaysia, having crossed its fifteenth year of local business operations here. Hexagon’s business in Malaysia recorded revenue growth of almost 50 percent between 2020 and 2021 in spite of the pandemic and global supply chain constraints. Its Malaysia office which started in 2007.
Now contributes 20 percent of Hexagon’s manufacturing intelligence market share in Southeast Asia and has tripled in its employee size from when it started. Malaysia is one of our rapidly-growing markets in the region, and we are confident about increasing our prospects here, on the back of the Malaysian government’s policies and tenacity in driving the growth of IR4.0 said Lim Boon Choon, President for Korea, ASEAN, Pacific, India at Hexagon.
The company recently opened up an office in Penang to manage growing demand from customers in the northern region. We see potential especially in the electronics, semiconductors, medical technology, e- mobility and clean energy manufacturing sectors he said. In 2021, Malaysia accounted for 13 percent of the global back-end semiconductor output, while electrical and electronics (E&E) accounts for 40% of Malaysian exports1.
Six out of 12 of the world’s largest semiconductor companies and seven out of eleven of the world’s solar Photovoltaics (PV) companies have operations in Malaysia2. There are also more than 200 medical devices industry manufacturers, of which 30 multinationals have made Malaysia their manufacturing base. We want to enable our expanding spectrum of customers to effectively automate their business and operations.
Productivity is paramount – and the advanced technologies and automation we offer gives higher precision and paves the way for faster speed to market, with better quality and reduced wastage said Lim. Hexagon technologies are currently used by some of Malaysia’s biggest brands, including Proton, Perodua, Honda Malaysia, UMW Toyota Motor, Spirit AeroSystems, and UMW Aerospace. Hexagon technology helps make 95 percent of cars, 90 percent of aircraft, and 85 percent of smartphones in the world.
We see growing momentum in the electric vehicle (EV) space, and the rapid rise of Additive Manufacturing (AM) technologies makes it possible for batteries and EV components to be manufactured faster, made lighter, and more affordable. Specifically, Malaysia could differentiate itself by focusing on its unique role in the value chain, leveraging its position as one of the leading E&E manufacturers and in producing high-value E&E parts for electric vehicles Lim explained.