Air Products starts up cryogenic N2 plant in Malaysia
By Mary Page Bailey |
February 12, 2021
Air Products (Lehigh Valley, Pa.) announced it has brought on-stream its first cryogenic nitrogen plant in the Bayan Lepas Free Industrial Zone, Penang, Northern Malaysia. The new facility further expands the company’s capacity and reinforces its leading supply position in Penang to serve the fast-growing customer demand from the electrical and electronics (E&E) and other manufacturing industries.
The Bayan Lepas Free Industrial Zone, located in Penang which is one of Malaysia’s most vital economic powerhouses, is a high-tech industrial zone and home to many multinational E&E companies.
Sharing the news yesterday (10
th Feb), the industrial gas giant said the new facility will help meet customer demands from electrical and electronics (E&E), as well as other manufacturing industries.
The Bayan Lepas Free Industrial Zone is one of Malaysia’s most vital economic powerhouses and is a high-tech industrial zone, home to many multinational E&E companies.
“Our latest investment puts us in an even stronger position in this important industrial zone as well as Penang to support the thriving E&E industry, which is a key growth driver of Malaysia’s industrial development,” said Alex Tan, President of Air Products Southeast Asia.
/PRNewswire/ Air Products (NYSE: APD), a world leading industrial gases company serving Malaysia for more than 45 years, today announced it has brought.
In 2020, Socso held 12 large-scale job carnivals, where candidates were interviewed by company representatives to fill vacancies in their organisations.
IN June 2020, Prime Minister Tan Sri Muhyiddin Yassin announced PenjanaKerjaya hiring incentive programme under the National Economic Recovery Plan.
The programme offered financial incentives of between RM600 and RM1,000 to employers for each worker employed for up to six months. Since its launch, almost 160,000 unemployed Malaysians have managed to find a job.
This year, PenjanaKerjaya 2.0 – an enhanced version of the previous programme – was launched. Applications for PenjanaKerjaya 2.0 have been accepted since Jan 1 and the deadline is June 30.
According to Human Resources Minister Datuk Seri M. Saravanan, the 2021 version includes an allocation of RM2bil under Budget 2021, as well as new and improved incentives.
Last year was a tough one for almost all property sectors. According to data from the National Property Information Centre (Napic), in 1H2020, Malaysia’s property market transaction volume and value decreased 27.9% and 31.5% respectively compared with the previous year. While most property consultants believe there should be some recovery this year, it will depend on the Covid-19 vaccine as well as the performance of the job market and economy.
Some consultants think there will be opportunities for investors in the auction market with foreclosures likely to increase, but others believe that owing to government intervention and the low interest rate environment, this might not be the case. On the other hand, this could be a golden opportunity for first-time homebuyers to purchase their dream home. However, as property is a long-term investment, the age-old advice of doing your homework and buying what you can afford continues to hold true.