KUALA LUMPUR: AmBank Group has selected 30 businesses to proceed to the next stage of the competitive AmBank BizRACE Season 4.
The banking group said the companies, which have been operating for three to 60 years across various industries, are dedicated to embracing Industrial Revolution 4.0 (IR 4.0) technologies and environmental, social and governance (ESG) principles.
Season 4 aims to enhance manufacturing processes and improve sustainability through the adoption of advanced technologies.
"The top 30 finalists are now undergoing a comprehensive lineup of hands-on development and coaching by technical experts in the industry.
"This includes on-site factory visitations to assess each companies' pain points and smart automation capabilities followed by one-to-one development and coaching towards going further in IR4.0 and ESG adoption," it said.
AmBank managing director of business banking Christopher Yap emphasised that businesses in Malaysia need to remain competitive by leveraging innovative technologies and optimising their processes within the industrial sector.
"AmBank BizRACE Season 4 empowers business leaders and their teams to navigate this shift towards sustainable manufacturing by equipping them with the knowledge and tools needed for success.
"The programme fosters participants' sustainable development and equips them to thrive in this new landscape," he added.
AmBank has partnered with organisations including Bosch Rexroth Malaysia, Malaysian Green Technology and Climate Change Corporation, Malaysian Consortium of Mid-Tier Companies, Pantas Software, YGL Convergence Bhd and The College of Law Australia for the BizRACE.