MIGHT signs MoU with PRI

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MIGHT signs MoU with PRI

06 October 2012

The Malaysian Industry-Government Group for High Technology (MIGHT), an agency under the Prime Minister’s Department, signed a Memorandum of Understanding on 5th October 2012 with the Performance Review Institute (PRI), which administers the Nadcap program on behalf of the aerospace industry, marking another milestone in efforts to advance the competencies and competitiveness of the Malaysian aerospace industry in the global market.

MIGHT’s initiative is a strategic move in promoting supply chain enhancement in Malaysia by providing local access to global standards in aerospace manufacturing.

“The signing of this MoU is a clear commitment from the Government to develop the Malaysian aerospace industry as a key player in the global market. With a well-established maintenance, repair and operations (MRO) in place, Malaysia is now expanding its efforts into the potentially lucrative aerostructure manufacturing. In 2011 alone, Malaysia netted approximately RM1.2 billion turnover in aerostructure manufacturing, a 100% growth from 2009,” said the President and CEO of MIGHT, En Mohd Yusoff Sulaiman.

“There is a viable, vibrant and a huge market potential for Malaysian industry players to capture in aerostructure manufacturing. To be competitive, Malaysian suppliers need to maintain global standards, whereby Nadcap certification is key,” he added. Malaysia currently have a number of tier two local industry players in aerospace manufacturing including CTRM, ACM, UPECA and SMEA.

ABOUT MIGHT

The Malaysian Industry-Government Group for High Technology (MIGHT), is an agency in the Prime Minister’s Department responsible for advancing national competency in high technology industries. As a key provider of policy input in high technology areas such as aerospace, advanced materials, rail, maritime, and others, MIGHT has long had an important role in planning for the country’s industry development. MIGHT also works with foreign governments, companies, NGOs and other science and technology related organizations to enhance Malaysian exposure to science, technology and innovation communities of expertise around the world.

ABOUT PERFORMANCE REVIEW INSTITUTE (PRI)

The Performance Review Institute was established by SAE International in 1990 as a not-for-profit trade association (501(c)(6) within the United States IRS Tax Code). PRI is a global provider of customer-focused solutions designed to improve process and product quality by adding value, reducing total cost and promoting collaboration among stakeholders in industries where safety and quality are shared goals. Nadcap is administered by PRI and is the leading, worldwide industry-managed cooperative program of major companies designed to manage a cost effective consensus approach to special processes and products and provide continual improvement within the aerospace industry.

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