FERROTEC TO BUILD PLANT IN KULIM
RM500m factory to start operations in 2023, create 250 high-value jobs
FERROTEC Holdings Corp will construct a manufacturing facility at Kulim Hi-Tech Park, Kedah, with a total investment exceeding RM500 million.
Ferrotec is a global supplier of materials, components and precision system solutions.
According to a joint statement with the Malaysian Investment Development Authority (Mida), the plant, which will undertake electromechanical assembly and advanced material fabrication for semiconductor equipment, is designed to meet customer needs while expanding the company’s business globally.
It is expected to operate next year. The facility will cover an area of more than 80,000 sq ft, and is anticipated to create approximately 250 high-value jobs.
As a Tier 1 company supplying to multinational corporations (MNCs) in the semiconductor industry, the company is committed to providing training to Malaysian employees at factories in Japan and the United States.
Senior International Trade and Industry Minister Datuk Seri Azmin Ali said Ferrotec’s decision to choose Malaysia for its high-tech manufacturing facility spoke volumes of the country’s talent readiness strength, manufacturing capability and business ecosystems.
“Ferrotec’s presence in Malaysia will turbocharge local talent development and strengthen our value proposition in the global supply chain.”
He said Ferrotec’s investment would open up greater possibilities for other global companies to invest in Malaysia.
Mida chief executive officer Datuk Arham Abdul Rahman said it was encouraging to know that Ferrotec, the key supplier to a leading global front-end wafer fabrication equipment manufacturer, picked Kulim for its new plant.