Northern firms of Malaysia embrace solar
By David Tan, George Town, July 4, 2009
Source: The Star Online
http://biz.thestar.com.my/news/story.asp?
file=/2009/7/4/business/4218713&sec=business
Companies in the northern region are now making strategic moves to enter into the solar power business, as the Malaysian Industrial Development Authority (MIDA) has identified solar power sector as a new source of growth for the economy. Three public-listed companies in Penang, P. I.E. Industrial Bhd, Ire-Tex Corp Bhd, and Pentamaster Corp Bhd, have recently invested to tap into the growing market demand for solar products in the country and in the world. The global revenue from solar panels (known also as photovoltaic panels) is expected to rise to US$17.8bil in 2010, up 38.2% from 2009. Revenue will rise by another 11.1% in 2011 and by 29.1% in 2012, according to US-based market research company, iSuppli Corp. (more…)