Malaysia’s leading smart glass manufacturer has unveils the country’s first smart glass manufacturing plant, in a bid to penetrate and compete in the upcoming lucrative smart glass market.
Its CEO, Jeffrey Chong said that Chiefway sees the launch of its new manufacturing plant as a step to establish Malaysia as a regional force within this new and booming smart glass market.
“This is not only an opportunity to bring more jobs to the area, but it also allows us to further expand our manufacturing capabilities and meet the growing needs of the Malaysia market and eventually the region.
“Our own manufacturing plant allows us to better align our services and products with our customer’s demands in a rapidly changing green technology-driven landscape,” he said during the unveiling of the new factory in Shah Alam.
The smart glass market is estimated to grow at a compound annual growth rate (CAGR) of 17.5 percent over the next nine years, leading to a market value of US$18.3 billion by 2031.
Currently, the local and regional smart glass markets are largely dominated by China and other North Asian countries, however, with the establishment of this new plant, it will be the first step in putting the country in the market, enabling smart glass to be developed and manufactured locally.
The opening of the new manufacturing plant was officiated by Datuk William Ng, Chairman of the Small and Medium Enterprises Association Malaysia (SAMENTA).
In addition, the event also saw a signing of Memorandum of Understanding (MOU) between Chiefway, dormakaba Malaysia and Datsen Malaysia.
“Through strategic green technology projects like this, Malaysia and Chiefway can forge our way to the forefront of the smart glasses industry.
“But more than that, it represents a landmark step for the developer and construction industries – with local source, they can cost-effectively and reliably incorporate smart glass into their various projects which will ultimately benefit the Malaysian public,” Ng said.