A landmark Memorandum of Understanding (MoU) aims to enhance collaboration in smart manufacturing, digital transformation, and R&D initiatives.
Kuala Lumpur, 14 November 2024 – The Federation of Malaysian Manufacturers (FMM) and the Hong Kong Applied Science and Technology Research Institute (ASTRI) have entered into a strategic partnership to promote smart manufacturing and Industry 4.0 adoption among Malaysian businesses.
The partnership was formalised on 8 November 2024 at Wisma FMM in Kuala Lumpur, with the signing of a Memorandum of Understanding (MoU) by Tan Sri Dato’ Soh Thian Lai, President of FMM, and Ir Sunny Lee, Board Chairman of ASTRI. The ceremony was witnessed by Mr Jacob Lee, Chairman of FMM’s Industry 4.0 and Digital Economy Committee, and Ms Libera Cheng, Director General of the Hong Kong Economic and Trade Office in Jakarta.
The MoU marks a significant milestone in fostering collaboration between Malaysia and Hong Kong in the field of advanced manufacturing technologies. Under this agreement, both organisations aim to facilitate the adoption of smart manufacturing solutions and create opportunities for Malaysian manufacturers to remain competitive in the rapidly evolving global market.
Key Initiatives Under the MoU
The partnership between FMM and ASTRI will encompass a range of initiatives designed to support businesses, especially small and medium enterprises (SMEs), in their journey towards digital transformation. These include:
- Smart Manufacturing Development: Promoting the application of cutting-edge technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), in manufacturing processes.
- Business Matching Opportunities: Facilitating connections between FMM members and ASTRI to enable knowledge exchange, investment opportunities, and strategic partnerships.
- R&D Collaborations: Exploring research and development projects aimed at driving innovation in manufacturing practices and technologies.
- Knowledge Sharing Events: Hosting workshops, seminars, and conferences to provide insights into current technology trends, raise awareness about IoT applications, and build technical expertise among FMM members.
Advancing Digital Transformation for Malaysian Manufacturers
This collaboration is expected to play a vital role in empowering Malaysian manufacturers to embrace digital technologies, enhance operational efficiency, and future-proof their businesses. By leveraging ASTRI’s expertise in advanced technology and FMM’s strong industry network, the partnership will address key challenges faced by local manufacturers, including skill gaps, technology adoption, and global competitiveness.
The initiatives will also prioritise upskilling talent to meet the demands of a technology-driven manufacturing sector. This aligns with Malaysia’s broader goals to strengthen its digital economy and position itself as a leader in Industry 4.0 in the region.
The MoU reflects a shared commitment to fostering innovation and collaboration between Malaysia and Hong Kong. By combining their strengths, FMM and ASTRI aim to create a thriving ecosystem where technology, knowledge, and skills converge to drive industrial growth and transformation.
