KUALA LUMPUR, Sept 25 -- The Malaysian Rubber Export Promotion Council (MREPC), an agency under the Ministry of Plantation Industries and Commodities (MPIC), has been rebranded as the Malaysian Rubber Council (MRC) with immediate effect.
This change comes with an expanded role as it seeks to drive the growth of Malaysia’s rubber product industry.
In a statement today, MRC said it had received regulatory approval for the name change following a rebranding directive announced by MPIC minister Datuk Dr Mohd Khairuddin Aman Razali in early August.
Chief executive officer Brandon Chan said MRC’s wide-ranging business objectives now would also include strengthening the domestic rubber market with the goal of building capacity within the downstream rubber industry.
“We hope that our latest initiatives will positively impact the midstream and upstream industries through continuous support programmes and activities to the downstream sector.
"With 20 years of experience, MRC has developed an acute awareness of what works and what does not. Armed with this knowledge, we can only improve and scale new heights to elevate Malaysia's rubber industry even higher," he said.
He said a RM20 million fund for automation and green technology had been allocated to encourage local industry members to move towards automation and the fourth industrial revolution (IR4.0) as well as renewable energy resources.
Meanwhile, he said another RM36 million fund had been allocated recently to encourage downstream rubber companies to employ more locals.
“Stakeholders and industry members will find no change in the quality of services offered, obtaining trade information on products or conducting business with the new corporate identity,” he said.
He added that along with the name change, MRC would enhance its relations with international development organisations to elevate Malaysia's rubber industry in the global value chain, and all future business activity would be conducted under the new name.
Source Bernama