Capability upgrade neededLim also urged those in the plastics industry to adopt measures and strategies such as upgrading manufacturing capabilities by improving design capabilities, and moving towards being original design manufacturers (ODMs) instead of just being original equipment manufacturers (OEM) suppliers. He stressed that the industry needs to work towards creating own brands (OBMs) or collaborate with foreign partners to produce complete products and build successful brand names as well as strengthen R&D in partnerships/joint ventures with leading foreign companies with the technical know-how, given that USA and EU companies are looking at Asia as a manufacturing base. Much support is also being extended to boost the industry誷 capability. The 40-hectare Kertih Plastics Park (KPP) in the East Coast Economic Region (ECER), was officially launched by Prime Minister Datuk Seri Abdullah Ahmad Badawi in December 2008. The KPP is Malaysia's first fully integrated plastics park and the third in Asia. The park is in the vicinity of the Kertih Integrated Petrochemical Complex (KIPC) and the Petronas Polymer Technology Centre, and offers competitive advantages for potential investors. Plastic product companies investing in KPP can look to the state-of-the-art Petronas Polymer Technology Centre, set up last year, for technical support. Located near the main sources of polymer resins within the Kertih-Chukai-Gebeng petrochemical area, including the Gebeng Integrated Petrochemical Complex, KPP will also provide these companies convenient access to reliable and just-in-time feedstock supply, which means savings in logistics and warehousing costs, he said. Besides feedstock could also be readily imported via Kuantan Port. In addition, companies in KPP can take advantage of the proximity to the Kertih Port for liquid cargos and Kertih Terminal for dry and bulk cargoes, using centralized tankage and be linked to the Kuantanike
Copyright (c) Ringier Trade.com. Copyright (c) Ringier Trade Media Ltd. (c) 2021.
All rights reserved. Reproduction in whole or part in any form or medium without express written permission is not allowed.
Ringier Trade .com (c) Ringier Trade Media Ltd., accept no responsibility or liability for any information provided by any third party on this website.