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amlex to tap growing electronics market

by:Demo     2020-09-03
AMLEX Holdings Bhd with the goal of leading entrepreneur accelerator platform (LEAP)
In the third quarter of this year, Malaysia\'s electronics and connectivity solutions industry is growing at a rate of 2018 to increase its revenue and expansion in Penang.
Lim, general manager of the group, said in an interview that the group\'s revenue has steadily increased by more than 10% over the past three years.
For the fiscal year ended March 31, 2018, net profit was yuan and revenue was 39 yuan. 2mil.
The group is expected to grow by more than 10% over the next few years.
\"We sell directly to multinational companies in the country and also directly to Asia Pacific countries and the United States,\" Lim said . \".
The local electronics packaging and interconnect solutions industry in Malaysia is expected to grow at a rate of 3.
In the context of global electronics industry growth, it grew by 3% between 2016 and 2021.
\"The Malaysian electronics market is expected to grow to RM3 at a CAGR of 3 in 2021. 3%,” he adds.
The group will soon invest 3 yuan, according to Lim.
Machinery and equipment to expand production capacity.
\"We will not be able to increase revenue without expanding capacity.
\"Only by installing new machines and expanding production lines can we increase our market penetration rate, which is 3.
1% of the electronic packaging and interconnect solutions industry . \"
According to Lim, the group has budgeted for expansion, including initial spending over the next two years, which also includes R & D spending.
He added that Amlex will be able to enter the growing electronics market as capacity expands.
\"In 2011, the global production value of electronic products was $1. 9 trillion (RM7. 8 trillion)
It is expected to grow to about $2 trillion (RM8. 2 trillion)in 2018.
\"The growth of the global electronics and semiconductor industry is driven by the wide application of electronic products in multiple terminals --
The integration of the user industry, electronics and consumer lifestyles, the rapid advancement of technology and the rise in global revenue levels, \"Lim said.
He added that Amlex intends to focus on expanding its business in the automotive industry.
\"The global automotive lighting market is expected to be worth $28. 6bil (RM117. 45bil)by 2019.
\"The main drivers of the automotive lighting market are increased vehicle production, concerns about road safety, and government legislation on automotive lighting and lighting efficiency --LEDs (LED)
Automotive Lighting Technology
\"The Asia-Pacific region is the leading region in the global automotive lighting market, with strong growth in automotive production,\" Lim said . \".
According to him, environmental problems and rising fuel prices have prompted automakers to adopt LED lighting technology.
\"It is more popular because LED lights increase fuel efficiency and reduce energy consumption.
\"The Asia-Pacific region is becoming the fastest growing area for LED car lighting, and China has shown great potential.
\"Taiwan, Japan and South Korea are several other regions that offer huge growth opportunities for the LED automotive lighting market.
\"At present, LED headlamps account for only a small part of the LED Automotive lighting field, but it has great commercial potential, mainly due to the increased adaptability of LED lamps in passenger cars.
\"In many developing countries such as Brazil, Russia, India and China (BRIC)
Due to increased purchasing power and increased demand for fashion and affordable cars, the automotive industry is growing at a faster rate.
\"There is growing concern about road safety, strict car regulations and reduced energy consumption of LED technology, which are several reasons for the rapid growth of the Automotive LED lighting industry.
\"In addition, the increase in automobile production, mainly in the BRIC countries, has also promoted the consumption of lighting equipment,\" Lim said . \".
Due to the impact of the subprime crisis that broke out in 2008, Amlex faced the biggest challenges in 2007 and 2009.
Mr. Lin said to his brother, Mr. Peng.
The founder of the company made the decision to diversify its products
Electronic sensors and photoelectric
Electronic lead frames for LED Light module sensors, automotive lighting systems, and consumer and industrial electronics.
\"The decision to diversify requires further investment.
In 2008, we invested in a manufacturing factory in Bukit Minyak (Penang).
Normally, the decision is to delay expansion during the recession.
\"In 2015, we invested in another factory in Bukit Minyak.
\"Today, we spent about 30 Myr for the two factories,\" Lim said . \".
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