SPEECH BY YAB TUAN LIM GUAN ENG THE RIGHT HONORABLE CHIEF MINISTER OF PENANG
AT THE LUNCHEON HELD IN CONJUNCTION WITH THE OPENING OF PENFIBRE BATTERY SEPARATOR FILM (BSF) DIVISION
ON 23RD APRIL 2015 AT HOTEL EQUATORIAL, PENANG
It is indeed a great pleasure for me to attend this luncheon, held in conjunction with the official opening of the Battery Separator Film Division at Penfibre this morning.
On behalf of the government and people of Penang, I would like to extend our heartiest congratulations to Toray for another milestone in your business expansion, particularly in the State of Penang.
Ladies and Gentlemen,
From a humble beginning where Toray Industries Inc., Japan first invested in Penang in 1973, we are proud to see that TORAY Group (Malaysia) has grown and expanded tremendously over the last 40 over years. With approximately RM4.5 billion investment to date and annual sales revenue of over RM4.1 billion from Penfibre, Penfabric, Toray Plastics (Malaysia) and Toray BASF PBT Resin, Toray is now one of the single largest investors in Penang and Malaysia. Thank you to Toray for providing thousands of job opportunities to our Malaysians over the last 4 decades.
Penang’s approved manufacturing investments increased to RM 8.2 billion in year 2014 compared to RM 3.9 billion in year 2013, a significant 109% increased. This made Penang the top 3 State with the highest investment, after Johor and Sarawak. Total investments in Penang has increased 93.6% to RM48.2 billion for the seven years period of 2008 to 2014, compared to the previous seven years period of 2001 to 2007 which was only RM24.9 billion. The jobs created has also increased 20.1% to 109,592 compared to 91,252 for the same period.
Going forward, it is important for Penang to stress on establishing Penang as a centre of science and technology through the Tech-Dome Penang project. Supported by our strong commitment to the Penang Government’s CAT policy, which stresses on “Competency”, “Accountability” and “Transparency”, it is our fervent hope that the bond and cooperation between all stakeholders will bring about a better tomorrow for every one of us.
I am happy to note that TORAY Group (Malaysia) has never failed in coming forward to support our nation building, through the various community projects under its Corporate Social Responsibility (CSR), namely:
• the RM2.5 Million Seberang Jaya Swimming Pool Complex in 1982,
• the RM6.0 Million Electronic Scoreboard at Batu Kawan Stadium in 1999,
• the establishment of the Malaysia Toray Science Foundation (MTSF) in 1993 to promote science and technology in Malaysia,
• the setting up of the “TORAY-USM KNOWLEDGE TRANSFER CENTRE” with a donation of RM4.0 Million to Universiti Sains Malaysia (USM), and
• the recent cash contribution of RM300 thousand towards the Tech-Dome Penang project.
In conclusion, I would like to once again congratulate Toray for having successfully established this new BSF Division in Penang. I am confident that Toray Group will enjoy even greater success in your future endeavors.