US firm to invest RM0.5 Billion in Kedah.
US firm to invest RM0.5 Billion in Kedah.
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May 17 2022, 03:50 PM, updated 4y ago
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#1
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149 posts Joined: Jul 2021 |
Ferrotec is a global supplier of materials, components and precision systems, and a worldwide leader in quartz material fabrication for the semiconductor industry. SAN FRANCISCO: Ferrotec (USA) Corporation is to invest more than RM500 million on its first manufacturing facility in Southeast Asia. Construction of the 800,000 sq ft manufacturing plant at Kulim Hi-Tech Park is expected to begin in the next few weeks. International trade and industry minister Azmin Ali said Ferrotec is a global supplier of materials, components and precision systems, and a worldwide leader in quartz material fabrication for the semiconductor industry. He said the company will provide between 250 and 500 high-skilled jobs for Malaysians. “It is also committed to assisting small and medium enterprises (SMEs) in Malaysia build the supply chain and ecosystem in the semiconductor industry. “The company wants to see Malaysia continue to advance in new technologies by involving local companies, especially SMEs,” he told Bernama and TV3 after meeting with Ferrotec chief executive officer Eiji Miyanaga here today. Miyanaga said the company had nearly 40 factories globally, and the facility in Malaysia will be its first large platform manufacturing site outside of Japan, China and the US. “We chose Malaysia because Southeast Asia, including Malaysia, has become a focal point in the supply chain for the industry. We feel compelled to invest in Southeast Asia,” he said. He said its goal is to let the facility to be eventually operated by Malaysians. ADVERTISING “At the initial stage, we will bring in expats for a short period of time to transfer technology and train the local work force,” he said. Azmin also met with leading US solar tracker company Nextracker Inc chief operating officer and co-founder Marco Miller. Azmin said Nextracker would strive to enhance products from Malaysia to penetrate not only the US market, but also globally. Miller said the company is doing US$100 million worth of business with two Malaysian companies, and is planning to expand the business in the coming years and make Malaysia a key manufacturing partner. “We chose Malaysia for its geographical location and dedicated highly-skilled workforce, which manufactures our high-tech products.” He said Nextracker is expected to see its Malaysian partners double the workforce from the current 400 employees in the near future to cater to its growing business. oe_kintaro liked this post
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May 17 2022, 03:51 PM
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#2
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Junior Member
149 posts Joined: Jul 2021 |
Cukur Kedah develop very fast.
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May 17 2022, 03:52 PM
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#3
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Senior Member
3,217 posts Joined: Dec 2006 From: City of Neko~~Nyaa~ |
Later the factory flooding how?
Or kena hentam by balak, how? |
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May 17 2022, 03:53 PM
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#4
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2,222 posts Joined: Jan 2003 From: Penang |
QUOTE(pfizer @ May 17 2022, 03:50 PM) Ferrotec is a global supplier of materials, components and precision systems, and a worldwide leader in quartz material fabrication for the semiconductor industry. Nice.SAN FRANCISCO: Ferrotec (USA) Corporation is to invest more than RM500 million on its first manufacturing facility in Southeast Asia. Construction of the 800,000 sq ft manufacturing plant at Kulim Hi-Tech Park is expected to begin in the next few weeks. International trade and industry minister Azmin Ali said Ferrotec is a global supplier of materials, components and precision systems, and a worldwide leader in quartz material fabrication for the semiconductor industry. He said the company will provide between 250 and 500 high-skilled jobs for Malaysians. “It is also committed to assisting small and medium enterprises (SMEs) in Malaysia build the supply chain and ecosystem in the semiconductor industry. “The company wants to see Malaysia continue to advance in new technologies by involving local companies, especially SMEs,” he told Bernama and TV3 after meeting with Ferrotec chief executive officer Eiji Miyanaga here today. Miyanaga said the company had nearly 40 factories globally, and the facility in Malaysia will be its first large platform manufacturing site outside of Japan, China and the US. “We chose Malaysia because Southeast Asia, including Malaysia, has become a focal point in the supply chain for the industry. We feel compelled to invest in Southeast Asia,” he said. He said its goal is to let the facility to be eventually operated by Malaysians. ADVERTISING “At the initial stage, we will bring in expats for a short period of time to transfer technology and train the local work force,” he said. Azmin also met with leading US solar tracker company Nextracker Inc chief operating officer and co-founder Marco Miller. Azmin said Nextracker would strive to enhance products from Malaysia to penetrate not only the US market, but also globally. Miller said the company is doing US$100 million worth of business with two Malaysian companies, and is planning to expand the business in the coming years and make Malaysia a key manufacturing partner. “We chose Malaysia for its geographical location and dedicated highly-skilled workforce, which manufactures our high-tech products.” He said Nextracker is expected to see its Malaysian partners double the workforce from the current 400 employees in the near future to cater to its growing business. First VAT and Lam Research, now Ferrotec. This genuinely is good news for our manufacturing industry. I still won't vote for Azmin, but good news is good news |
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May 17 2022, 03:54 PM
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#5
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36 posts Joined: Sep 2013 |
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May 17 2022, 03:55 PM
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78 posts Joined: Sep 2016 |
Wouldn't be so high skilled. Hard to convince more educated engineers to relocate to Kedah.
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May 17 2022, 03:56 PM
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#7
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Senior Member
1,365 posts Joined: Aug 2005 |
fake news
no company would want invest in malaysia according to k must be paid songlap how much ????? |
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May 17 2022, 03:56 PM
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#8
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46 posts Joined: Feb 2019 |
I guess european and us oeople like our samseng MB...
I scared la he gonna be our MB again after GE This post has been edited by Bendot: May 17 2022, 03:56 PM |
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May 17 2022, 03:56 PM
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#9
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Junior Member
83 posts Joined: Nov 2021 |
probably this industry require plenty of water....
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May 17 2022, 03:56 PM
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Junior Member
148 posts Joined: Aug 2013 From: Uranus |
500 mil only no need to report.
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May 17 2022, 03:58 PM
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46 posts Joined: Feb 2019 |
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May 17 2022, 03:58 PM
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149 posts Joined: Jul 2021 |
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May 17 2022, 03:58 PM
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Senior Member
2,222 posts Joined: Jan 2003 From: Penang |
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May 17 2022, 03:58 PM
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#14
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Junior Member
763 posts Joined: Jan 2003 |
New jobbbbbbbsss...good good
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May 17 2022, 04:01 PM
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Junior Member
421 posts Joined: Jan 2005 |
0.5 pulak
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May 17 2022, 04:02 PM
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#16
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Junior Member
503 posts Joined: May 2008 |
Hasil titik peluh DSIS ke USA
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May 17 2022, 04:02 PM
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#17
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14 posts Joined: Oct 2014 From: Bandar Damai dan Indah |
What new airport le
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May 17 2022, 04:03 PM
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#18
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Junior Member
3 posts Joined: Dec 2021 |
Good news is good news.
Any good news is good news Uncle Sam ke arah kuasa dunia |
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May 17 2022, 04:04 PM
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Senior Member
1,099 posts Joined: Jan 2019 |
malaysia ke arah kuasa besar semicon oe_kintaro liked this post
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May 17 2022, 04:14 PM
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Senior Member
2,222 posts Joined: Jan 2003 From: Penang |
QUOTE(JoeK @ May 17 2022, 04:04 PM) A lot of people here still don't understand the significance of this type of investment. This is not the low margin assembly and test type of subcon for microchips, but related to equipment manufacturing for fab equipment. Means in the semiconductor wars we can build guns to sell to both sides .. |
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