Chairman: Penang SME Centre expected to be fully rented out by year-end

2015 Apr 09, Thursday

THE RM40mil Penang SME Centre is set to be fully occupied by end of the year.

SME Centre Management Council chairman Datuk Seri Kelvin Kiew said they were reviewing four applications every month from the local small and medium industries (SMIs) to become tenants of the centre, which was now 40% occupied.

He was speaking at a tea session held at the Penang SME centre.

Kiew said: “These are SMI companies providing support manufacturing services for the electronic and semiconductor industries.

“We give priority to local companies but we review their applications with stringent conditions to ensure that only deserving companies get it.

He said: “To be eligible, these companies must be involved in some research or design and development activities.

“Their products must comply to the guidelines of the Department of Environment and will not compromise the health of the other tenants and the environment.”

The present tenants are test-equipment maker Innogrity Sdn Bhd, injection moulding component manufacturer LSP Advance Sdn Bhd, medical device maker Yusoff Engineering Sdn Bhd and electric vehicle manufacturer Eclimo Sdn Bhd.

Kiew said: “We want to help the local SMEs grow to become global suppliers as well as owners of their own brand name.

“Besides creating ‘Made in Malaysia’ labels on products, Penang SME Centre hopes to establish a ‘Made in Penang’ brand for Penang supply chains,” Kiew said.

The SME centre was started as soon as the state government became aware of the importance of providing proper premises for the SMEs to operate their business with minimal overheads, according to Kiew.

“After four decades of industrialisation, many of the local SMEs are still operating out of informal premises, such as homes and shop lots.

“Thus, there is a need for a facility with modern amenities to house them,” Kiew said.

Also present at the event was investPenang director Datuk Lee Kah Choon.

The centre offers attractive subsidised rental rates, which range from RM1.50 per sq ft to RM1.80 per sq ft for local companies.

The four-storey centre has some 160,000sq ft of floor space and a total rentable area of 129,000sq ft.

Source: The Star

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