Malaysian Investment Development Authority

LEM announces inauguration ceremony for new production plant in Malaysia

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Giovedì, Giugno 23, 2022

Plant employs 50 persons at start, expected to grow to around 500 in a few years

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Plant employs 50 persons at start, expected to grow to around 500 in a few years
Geneva, Switzerland, and Penang, Malaysia, 23 June 2022 LEM (SIX: LEHN), a leading global company in electrical measurement for renewable energy, automation, power network and e-mobility applications, announces that an inauguration ceremony is being held today in Penang, Malaysia for its new production plant.
The ceremony is attended by the Chief Minister of Penang, the Chairman and CEO of LEM, together with invited guests including the Swiss Ambassador to Malaysia.
Frank Rehfeld, Chief Executive Officer of LEM, commented: The talent and experience available here in Penang will be of significant benefit to LEM, particularly in the domain of semiconductors.
The Malaysian Investment Development Authority's (MIDA) CEO, Datuk Arham Abdul Rahman, commended LEM Malaysia on the company's significant milestone, saying, "We are excited to witness LEM joining and further developing Malaysia's vibrant E&E ecosystem.

Insulet Hosts Groundbreaking Ceremony for its New Manufacturing Facility in Malaysia

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Mercoledì, Giugno 1, 2022

Insulet Corporation (NASDAQ: PODD) (Insulet or the Company), the global leader in tubeless insulin pump technology with its Omnipod brand of products, will host a groundbreaking ceremony for its new manufacturing facility in Malaysia, further strengthening its global manufacturing capabilities.

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Insulet Corporation (NASDAQ: PODD) (Insulet or the Company), the global leader in tubeless insulin pump technology with its Omnipod brand of products, will host a groundbreaking ceremony for its new manufacturing facility in Malaysia, further strengthening its global manufacturing capabilities.
The new manufacturing facility, located in Johor Bahru, will produce the Companys Omnipod Insulin Management System and include approximately 400,000 square feet of manufacturing space.
Insulet plans to invest approximately $200 million over five years and hire more than 500 full-time employees once the facility is operating at full capacity.
During the groundbreaking ceremony on June 2, Insulet will unveil plans to source environmentally responsible and resource-efficient materials for the new facility.

FERROTEC CHOOSES MALAYSIA TO EXPAND MANUFACTURING CAPACITY TO GROW ITS GLOBAL BUSINESS

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Lunedì, Maggio 23, 2022

KEDAH, Malaysia, May 23, 2022 /PRNewswire/ -- Ferrotec Holdings Corporation, a global supplier of materials, components, and precision system solutions, has announced its establishment of the new manufacturing facility at Kulim Hi-Tech Park, Kedah, facilitated by the Malaysian Investment Development Authority (MIDA). The plant which will be undertaking electromechanical assembly and advanced material fabrication for semiconductor equipment is designed to meet customer needs while also expanding the Group's business globally.

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"Ferrotec's decision on choosing Malaysia as a destination of choice for its high-tech manufacturing facility speaks volumes of our talent readiness, strength and capability of our manufacturing and business ecosystems.
He also stressed that Ferrotec's investment will open up greater possibilities for other global companies in the industry to follow suit and invest in Malaysia.
He added that this major investment is poised to realise Malaysia's long-term aspiration of becoming a global manufacturing hub.
Ferrotec is a diversified world-class industrial organization with a global presence in a broad array of technology driven end markets (semiconductors, automotive, biomedical applications, smart phones, LEDs and FPDs).

TTM Technologies, Inc. Breaks Ground at First Manufacturing Plant in Penang, Malaysia

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Lunedì, Aprile 25, 2022

Dato Loo Lee Lian, Chief Executive Officer, InvestPenang, and Tom Edman, President and Chief Executive Officer, TTM were at the event.

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Dato Loo Lee Lian, Chief Executive Officer, InvestPenang, and Tom Edman, President and Chief Executive Officer, TTM were at the event.
They were accompanied by Philip Titterton, Executive Vice President and Chief Operating Officer, TTM and Anthony Sandeen, President, Automotive and Medical, Industrial & Instrumentation (AMI&I) Business Unit, TTM.
The new plant will serve TTMs global commercial markets including networking communications, data center computing, and medical, industrial, and instrumentation.
Tom Edman, President and Chief Executive Officer of TTM, commented, This is an exciting day for TTM.

VAT HOLDS GROUNDBREAKING CEREMONY FOR ITS PHASE THREE FACTORY EXTENSION IN MALAYSIA

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Giovedì, Gennaio 27, 2022

GEORGE TOWN, Malaysia, Jan. 27, 2022 /PRNewswire/ -- Swiss-based VAT Group AG, the world's leading supplier of high-performance vacuum valves, today held a groundbreaking ceremony to initiate the extension of its production facility in Penang, Malaysia.

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GEORGE TOWN, Malaysia, Jan. 27, 2022 /PRNewswire/ -- Swiss-based VAT Group AG, the world's leading supplier of high-performance vacuum valves, today held a groundbreaking ceremony to initiate the extension of its production facility in Penang, Malaysia.
This project will more than double the production capacity of VAT's Malaysian operation, increasing factory output to over CHF 1 billion (MYR 4.6 billion[1]).
The extension will also create new and high value job opportunities for Malaysians and accelerate the export of made-in-Malaysia products to the world."
VAT Manufacturing Malaysia will be the primary supplier for the company's customers in Republic of Korea, Japan, People's Republic of China and the rest of Asia.