The New Industrial Master Plan 2030 (NIMP 2030) is integral to the Ekonomi MADANI framework, aimed at advancing economic reforms. It focuses on the development of 21 sectors with the goal of generating 3.3 million high-value jobs by 2030. Among these sectors, five are considered top priorities: aerospace, chemical, electrical and electronics (E&E), pharmaceutical, and medical devices.
1. Aerospace: Malaysia has about 230 companies involved in aerospace activities, including maintenance, manufacturing, education, and training. Local companies like UMW Aerospace (subsidiary of UMW) and CTRM (subsidiary of DRBHCOM) play crucial roles in the worldwide aerospace supply chain. Additionally, there are supporting company like Morrissey Integrated Dynamics Sdn Bhd ( $JHM / 0127 (JHM CONSOLIDATION BERHAD) ).
2. Chemical: The chemical industry contributes 6% to Malaysia's GDP and employs a substantial workforce. The government aims to move beyond base chemicals to produce higher-value specialty chemicals. Major players in this sector include CCM Chemicals Sdn Bhd (CCM), Malay-Sino Chemical Industries Sdn Bhd (BKAWAN), and $NYLEX / 4944 (NYLEX (MALAYSIA) BERHAD).
3. Electrical and Electronics (E&E): Malaysia's E&E sector contributes about 6.3% to the GDP. While the midstream semiconductor industry is strong, the country seeks more local participation in upstream and downstream development. Among the players are $INARI / 0166 (INARI AMERTRON BERHAD), PENTA, MI, GREATEC, MPI, etc.
4. Pharmaceutical: Local pharmaceutical manufacturers produce various products, including new drugs, generics, health supplements, and traditional medicines. The sector also engages in contract manufacturing for multinational corporations. Among the players are $DPHARMA / 7148 (DUOPHARMA BIOTECH BERHAD), KOTRA, NOVA etc.
5. Medical Devices: Malaysia's medical devices industry manufactures advanced products like cardiac pacemakers, orthopedic devices, and medical gloves. Penang is a hub for high-end medical device manufacturing. Among the players are $TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD), HARTA, KOSSAN, UWC, LKL etc.
These sectors play a crucial role in Malaysia's industrialization efforts, contributing to economic growth and job creation.
If I've made any mistakes or overlooked anything, please feel free to mention it in the comments below.