Speech of Chief Minister of Penang, YAB Lim Guan Eng
Opening Ceremony Of Infinity House (Penang)
on 30th January 2016, Bandar Butterworth
A very good morning to all. It is my pleasure to be here today and I would like to thank Mr. Chan, Managing Director of Infinity & Transport for inviting me to officiate the opening of Infinity House (Penang) and to also officiate the Dragon Heads and usher in the Chinese New Year.
Ladies and Gentlemen,
Infinity is one of the main players that has brought transshipment cargos from South Thai to Penang and thus helping to create Penang Port as a transshipment hub. Their Penang office total investment is RM 2.8 million, including building cost, renovation, cost IT infrastructure and signage. As of today, they have 70 workers.
I wish to congratulate Infinity for the initiatives and efforts the company has contributed towards the logistics industry in Penang.
Penang is a state that needs an efficient supply chain in order to assist the import and export activities in Penang. With this, I would like to challenge Infinity to do more; to play a vital role in championing the local logistics industry to cater for the needs of Penang; and go beyond just having transshipment cargos from South Thai that is to reach out to the Andaman Sea region to Penang Port.
Ladies & Gentleman,
Despite year 2015 being a difficult year in terms of economic & political situation of the country, we congratulate Infinity for achieving an 11% growth in your revenue.
As we face 2016, I hope Infinity will achieve either equal or a better results than 2015, and one day, we can all be here to witness Infinity setting up a logistics centre in Penang to promote Penang as a service & logistics centre.
Ladies & Gentleman,
Penang is a service oriented state and we acknowledge that Logistics service is one of the vital industry for our state. Penang Port’s relationship with containers started back in 1974 when the first container was discharged at Butterworth Wharves. From a humble annual throughput of 2,994 TEUs then, Penang Port has grown steadily to achieve a throughput of more than 1.3 million TEUs in 2015.
In 2013, Penang Port handled nearly 1.26 million tons of break-bulk cargo. The major break-bulk commodities handled are iron and steel packages, wood moldings, rice, iron and steel billets, machineries and components as well as asbestos products. These commodities either originated or were destined to and from the entire hinterland of Penang Port that stretches from the South of Thailand to northern Perak.
We heard the need for Penang Port to achieve a Free Commercial Zone status. Can the Penang Port Commission (PPC) and Penang Port make this happen?
Apart from this, the State Government recognizes the importance of capital dredging and port extension works. Existing harbours are deepened or enlarged to be able to receive more and larger container vessels. Therefore, Federal Government should not neglect the needs of Penang Port by instructing that dredging works at the sea near the port valued at RM353 million to start immediately to make Penang Port relevant to be called by these bigger vessels. We have waited for nearly 10 years for dredging works.
It is my honor to declare Infinity House (Penang) to be officially open. Thank You.