MAI-MIDF Partnership to Enhance Competitiveness of Automotive Vendors

Malaysia Automotive Institute (MAI) and Malaysian Industrial Development Finance Berhad (MIDF) enters into a strategic alliance to signify the launch of the MAI-MIDF Industry 4.0 Development Programme. This will further catalyse the development of automotive parts and components manufactures, towards supply chain excellence, efficient manufacturing, and higher value competitiveness.

 

The collaboration merges MAI’s capacity building programmes with MIDF’s industry funding capacities, to create a comprehensive development programme for the Malaysian automotive supply chain. MAI’s capacity building modules, namely the Automotive Supplier Excellence Programme (ASEP) and Lean Production System, (LPS) are designed to enhance productivity within the manufacturing operations of vendors. It focuses on creating world-class vendors for a more competitive and sustainable domestic automotive industry.

The ASEP programme begins with an overall assessment in key disciplines of automotive manufacturing, including management, technical and financial capabilities. The companies are then coached over a period of 10 months in identified improvement areas by coaches recognised by MAI.

Meanwhile, the LPS programme focuses on improving efficiency and productivity of manufacturing operations within automotive vendors, which will undergo a nine-month coaching programme led by industry-expert trainers recognised by MAI.

Vendors that completed the ASEP and LPS programmes would be eligible for funding for the implementation of Smart Manufacturing and Industry 4.0-related activities within their operations.

Dato’ Madani Sahari, CEO of MAI says: “Vehicles on our roads are rapidly evolving from mere mechanical equipment to becoming integrated machines that compliment our lifestyle, requiring diverse disciplines and specialisations. It is important that this same diversity is embedded into governance that are responsible to encourage competitiveness within our own industry.”

Meanwhile, Datuk Mohd Najib Hj Abdullah, Group Managing Director of MIDF adds: “With this MIDF-MAI strategic alliance, we are expecting to fund 120 companies with total financing assistance of up to RM200 million between 2018 and 2020. So far, MIDF has assisted companies in the automotive sector with financing amounting to RM544.8 million.”

 

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