According to Malaysian Deputy International Trade and Industry Minister Datuk Ahmad Maslan, the country‘s export of components from the automotive recycling industry is expected to reach more than 511 million US-Dollar (or two billion Malaysian Ringgit) in 2020 through the involvement of 200 remanufacturing companies.
The export of such products to Africa, Pakistan and the Middle East at present is expected to touch 500 million Malaysian Ringgit (or nearly 128 million US-Dollar) for this year, Datuk Ahmad Maslan told reporters after officiating the 9th International Roundtable Conference on Automotive Recycling 2016 in April.
In the opinion of the minister, the target for the year 2020 “can be achieved, despite us having just started the industry through the National Automotive Policy 2014 (NAP 2014). We want to make the ‚4R2S‘, namely reuse, repair, recycle, remanufacture – spare parts and services, as the culture within the national automotive industry, as it is profitable and evident in a number of developed countries, including Japan,“ he added.
Elaborating further, Ahmad said the development of the automotive recycling industry would be closely monitored via the NAP 2014 to ensure that the quality of recycled components meets the set standards, with manufacturers giving a guarantee for what is sold.
At present, four remanufacturing companies and 5,000 recyclers were operating in the country, and the number is expected to increase within four years, the minister gave account. He sees the national automotive recycling industry in line with the government‘s efforts at ensuring that implementation of green technology in the country can be expanded.
As reported, Ahmad Maslan said Bumiputera*) entrepreneurs were encouraged to participate in the industry and help to improve the national income as well as to meet the export target for it.
*) According to Wikipedia, Bumiputera or Bumiputra is a Malaysian term to describe the Malay race and other indigenous peoples of Southeast Asia, and used particularly in Malaysia.
Photo: O. Kürth