The 25th International Machine Tools, Metalworking and Automation Technology Exhibition (Metaltech) is currently on at Malaysia International Trade and Exhibition Centre (Mitec), Kuala Lumpur.
Spanning across eight halls, the four-day event, which ends on Saturday (May 18), features over 1,500 exhibitors from 40 countries, showcasing the industry’s latest products and technologies.
Themed Embrace the New Age in Manufacturing, the exhibition covers various sectors including sheet metal technology, mould and die, precision engineering, surface and heat treatment, material handling and storage, welding, robotics and metallurgy.
Trade visitors can expect to experience live demonstrations and some of the largest purpose built installations ever seen at Malaysian trade fairs.
Happening alongside Metaltech is the 12th International Automation Technology Exhibition (Automex) for automation professionals, showcasing the latest automation and manufacturing technology processes, featuring a variety of robotics, assembly and machine-vision solutions.
Officiating Metaltech 2019 was Deputy International Trade and Industry Minister Dr Ong Kian Ming, who commended UBM Malaysia for bringing together the two areas of expertise.
“The machinery and equipment (M&E) industry is a strategic catalyst to the fourth industrial revolution (IR4.0) around the world and Malaysia’s machinery and equipment industry is among the largest and strongest in Asean, presently the leading manufacturer of specialised process and automation equipment for the electrical and electronics industry.
“In 2018, the machinery and equipment industry registered RM40.6bil of total exports against total imports of RM73.6bil, with the export figures have grown steadily in the last seven years with Compound Annual Growth Rate (CAGR) of 4.11%. Forecast shows exports are projected to reach RM43bil in 2020.
“The competitive edge for machinery and equipment manufacturers roday lies in striking the balance of automation, adaptability and safety to optimise customers’ production lines.
“As we are expecting more growth, I hope for Malaysian entrepreneurs, major industry players and exhibitors to grasp as many opportunities as possible at this event, making the best of wealth of information and potential partners,” he said.
Both Metaltech and Automex are supported by the Ministry of International Trade and Industry (Miti), the Ministry of Energy, Science, Technology, Environment and Climate Change (Mestecc) and the Malaysia External Trade Development Corporation (Matrade) and the Singaporeans government’s International Marketing Activities Programme (iMap).
Among other highlights are the fully revamped free-to-attend industrial seminars and conferences to take a deep dive into the manufacturing and production advancements ushered in by IR4.0, as well as a full suite of business matching services to facilitate constructive on-site business meetings.
“Technology is impacting our industry and if we do not keep pace, it is hard to stay relevant and profitable in a competitive marketplace.
“In order to address this issue, the Malaysian government has formulated the National Industry 4.0 policy framework and we are excited to play our role in spearheading this initiative.
“We are also proud to be working in tandem with the government’s Industry4WRD initiatives to boost our manufacturing sector,” said UBM Trade Link Sdn Bhd chairman Datuk Dr. Tan Chin Huat.
UBM Asia (Asean Business) group managing director M. Gandhi said this year’s installment is expected to see an estimated on-site sales transaction of RM500mil and 20,000 trade visitors turnout.
“The registration on the first day saw a 27% increase of visitors compared to the first day of last year’s edition, a testament that Malaysia has a huge potential in this industry,” he added.
Meanwhile, Dr. Ong also urged local companies to register for Miti’s Industry4WRD Readiness Assessment (RA), a programme to facilitate local manufacturing companies in understanding their readiness for Industry 4.0.
“Companies will go through a comprehensive assessment which will then produce a report as well as recommendations to improve efficiency and productivity in the areas of people, process and technology.
Financial incentives such as Business Intervention Fund, Industry4WRD Domestic Investment Strategic Fund and Industry4WRD High Impact Fund are also available for companies that undergo the assessment,” he said, adding that RM15mil was allocated for Industry4WRD RA to accommodate 500 companies.
“There are currently about 300 registered companies and we hope to carry out the first round of assessment end of June,” he added.
Metaltech has also marked its silver jubilee as Malaysia’s largest event for metalworking, machinery, robotics and automation with its move to Mitec.
Other activities held in conjunction with the anniversary celebration include special lucky draws which will see one lucky pre-registered attendee winning a brand new Apple iPad Pro per day during the event.