VAT HOLDS GROUNDBREAKING CEREMONY FOR ITS PHASE THREE FACTORY EXTENSION IN MALAYSIA
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Thursday, January 27, 2022
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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.
Key Points:
- 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.