Posts tagged SHTP
Iskandar Malaysia-based technology park aims to lead Malaysia into an advanced future as it signs another new investment and production deal.
Johor’s Senai Hi-Tech Park (SHTP) would be a “key driver” for high value technology industries and Malaysia’s aim to transform itself into an advanced, innovative nation, says Prime Minister Najib Razak.
PM Najib spoke yesterday at a signing ceremony for SHTP and Solexel (M) Sdn Bhd, a subsidiary of California-based solar cell manufacturer Solexel Inc. A new memorandum of understanding between the two will see an aggregate investment of RM2.8 billion (US$944 million) over the next five years, and create 2,300 jobs.
Solexel will manufacture crystalline silicone solar cells at a new 100-acre facility in SHTP’s Industrial Zone Phase 1, and is capable of producing one gigawatt of cells per year. The company will also conduct R&D operations and help create a local supply chain for chemicals used in solar photovoltaic (PV) cell and semiconductor manufacturing.
Senai Hi-Tech Park will be 1,000 acres total at completion, and is Malaysia’s second dedicated high technology zone after Kulim Hi-Tech Park in the country’s northwest. Kulim’s success at attracting international investment was the impetus for creating the SHTP project last year and the project’s developers are negotiating major deals with foreign investors.
Both parks aim to spur the local high-value economy and create employment for Malaysians in more advanced industries. Calling itself a ‘third-generation technology park’, SHTP is located next to the redeveloped Senai International Airport in Johor state’s Iskandar Malaysia special economic region, across the water from Singapore.
The Senai Hi-Tech Park, located in Johor’s Iskandar Malaysia economic zone, has scored another important project with the announcement of a RM200 million ($65.7 million) nanotechnology development center, the first of its kind in Malaysia.
The new complex, named NanoMalaysia, will be developed at Senai under a private-public partnership and should be completed within 12 months. NanoMalaysia Bhd is a commercial vehicle set up by the National Nanotechnology Directorate (NND), a unit of Malaysia’s Ministry of Science, Technology and Innovation (MOSTI).
Minister Dr. Maximus Ongkili announced the new project at the NanoMalaysia Summit and Expo 2011, saying it would be “a one-stop center for nano science and technology activities and provide a missing link between technology and market.”
NanoMalaysia is designed not only to provide a workplace for nanotechnology researchers, but is part of a plan to form other new companies through technology entrepreneurship incubators and assist downstream industries. It’s hoped the center will generate from RM100-150 million ($33-39 million) in business within two years, and together with five other nanotechnology research facilities in the country, produce commercially viable applications for three main product groups: aerogel, carbon nanotube and nanocatalyst.
source & article: The Star Business