Thursday, August 17, 2017 - 20:30:51

Malaysia to see greater German inflow investments

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Germany's investment in Malaysia will continue to grow, mainly in the electrical and electronics (E&E) and energy sectors this year, Malaysian-German Chamber of Commerce and Industry executive director, Alexander Stedtfeld was quoted by the Malaysian Bernama News Agency.

On the transfer of key competencies to Malaysian employees, Stedtfeld said German companies always prioritised in investing in young talent and having personal development programme for them.

“Big companies like B Braun and T-Systems have their own training centres, and every year around 50 to 60 graduates from universities would be offered a year-and-a-half training and most of them will continue with the companies," he said.

It was reported that from January-December 2014, 387 manufacturing projects worth nearly eight billion USD from Germany had been implemented in Malaysia, mainly in the E&E, chemical and chemical products, petroleum products, natural gas, and rubber products sectors.

Some of the notable German firms which already have a strong presence in Malaysia for decades include Volkswagen, BMW, Mercedez, Audi, Deutsche Bank, Siemens AG and Bosch.

Besides large companies, small and medium enterprises have also made their foray into the Malaysian market last year.-VNA
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