Wednesday, April 19, 2017

Siemens set to invest EUR100 MILLION to Malaysia

Assalammualaikum and Hello everyone !

Who doesn't know Siemens right? They are among the biggest company in the world. Siemens is a global powerhouse positioned along the electrification value chain. From power generation, transmission and distribution to smart grid solutions and the efficient application of electrical energy and more.  Recently, Siemens set to invest EUR100 million to Malaysia! What a great news to know.They focus for the software grant to local universities and colleges to boost re-skilling and increase training capability in preparation for the next industrial age in Malaysia.

This announcement was made by President & CEO of Siemens AG, Mr. Joe Kaeser at a press conference in Kuala Lumpur. Also present was Siemens Malaysia President & CEO Mr Prakash Chandran.

This investment focus for Malaysian university students on digitalization. Wahhhh!! So lucky!

“We offered to the Prime Minister yesterday that Siemens can provide first-class help on establishing software tools for the industrial Internet to be applied to areas of manufacturing like Industrie 4.0, and will willingly grant the sum of EUR100mil worth of software to universities and colleges so that the young generation can learn to simulate in the virtual world of manufacturing,” said Mr Kaeser.

A high-level meeting and courtesy call paid to the Prime Minister of Malaysia Dato' Seri Najib Tun Razak, the Minister of International Trade & Industry (MITI) II Datuk Seri Ong Ka Chuan and the Minister of Transport Datuk Seri Liow Tiong Lai on 13 April 2017.

I think this is a good which it will bringing the nation its global network of innovation. This also will provide the full spectrum of service in three core compete competencies / portfolio of Electrification, Automation, and Digitalization,  according to the local ability.

Mr. Prakash Chandran, President & CEO of Siemens Malaysia commented: “Since our presence here in Malaysia for more than 100 years now, we ensure that we provide support where it is needed the most - including providing access to education, state-of-the-art technology and sustaining communities. Siemens invests about 6% in research and development every year, and we bring the state-of-the-art technology, be it with the MRT, LRT double-tracked rail projects. Also, we always go into the market at our best competitive basis. We are ever ready to work hand-in-hand with the government and show the kind of differentiation what we can bring in, while trusting the investment will assist Malaysia in achieving double-digit growth.”

Mr. Kaesar also mention that Siemens see lots of good opportunities in Malaysia to expand their resources. Siemens can partner leading customers and leading universities to help embrace the Fourth Industrial Revolution. As you know Siemens is a world leader in manufacturing and automation, and the biggest supplier of industrial software with revenue of about EUR 5 Billion. As they focus on digitalization, they believe it is important to invest in software skills to train the students in the next generation of engineering. Last year, in 2016, Siemens Malaysia made EUR879 million in revenue. Woahhh~ 

I wish I'm still studying right now~ Hihihiii..

I hope this investment bring a good fortune to the country and can help University's students out there to learn and explore to various of software and digitalization! Not only for student but Siemens will also focus on developing even more efficient mass mobility as well as smart grid opportunities to increase national electrification coverage with new generation capacities through efficient alternative solutions aided by digital intelligence. Good to know!

Till then, xoxo

Thank you for reading this ^_^

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