|Commercialisation of research positive for industry and economy|
DATE: 21 December 2012
The Chamber of Engineers (CoE) was pleased to note the recent investment made by Methode Electronics. During the announcement, President and CEO Donald Dua highlighted Methode’s capabilities in engineering, design and manufacturing systems, which have led the company to be selected to produce a technologically advanced sensor at the Malta plant.
In meetings with political party leaders earlier this year, the Chamber reaffirmed that research and development in Malta should be further developed by industry. This would facilitate eventual commercialisation of resulting developments. The Chamber stresses that every effort should be made to make research in industry more attractive to the entrepreneur. In this regard the Chamber encourages the setting up of technical support centres made up of professional engineers from various disciplines together with other supporting professionals to engage and support the smaller industries and businesses which do not afford their own R&I facilities.
The CoE also emphasises that more intensive efforts are required to attract high technology and engineering industries to invest in Malta. Such industries are normally associated with more long-term high-value added jobs at various organisational levels and generate a higher rate of economic activity and growth.
The Chamber of Engineers commends Methode for being a role model in bringing R&I to its local plant and for illustrating the tangible initiatives being promoted by the CoE. The Chamber encourages other firms to follow this company’s example and assures them that it will continue to do its very best to support them by raising and maintaining a top notch local engineering professional standard.