UMW, MIDA IN
Plan calls for creation of High Value Manufacturing Park
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UMW Land Sdn Bhd and Malaysian Investment Development Authority (Mida) will explore areas of cooperation and collaboration over UMW Group’s landbank in Serendah, Selangor.
In a statement yesterday, UMW said a memorandum of understanding inked at Mida headquarters earlier this month entailed the initiative to create a High Value Manufacturing Park focused mainly on strengthening the aerospace and other industries related to smart manufacturing.
The MoU was signed by UMW Land president Dr Wafi Nazrin Abdul Hamid and Mida chief executive officer Datuk Azman Mahmud.
The exchange of the MoU documents at the Langkawi International Maritime & Aerospace Exhibition yesterday was witnessed by International Trade and Industry Minister Datuk Seri Mustapa Mohamed and UMW Holdings Bhd chairman Tan Sri Hamad Kama Piah Che Othman.
The park, located next to an automotive manufacturing facility, consists of 348ha for both commercial and residential developments.
“This mixed development will feature UMW Aerospace’s production facility of aeroengine fan cases for Rolls-Royce.
“The facility is expected to be