South Korea's SIMMTECH completes RM326mil second plant in Batu Kawan
KUALA LUMPUR: Sustio Sdn Bhd, a subsidiary of South Korea's SIMMTECH Group, has completed its RM326 million second manufacturing facility in Batu Kawan, Penang, under Phase 2 of its expansion project.
The new facility brings Sustio's total investment in Malaysia to RM750 million since its establishment in May 2022, according to the Malaysian Investment Development Authority (MIDA).
The company, which manufactures printed circuit boards and substrates for the semiconductor industry, now operates the first advanced facility of its kind in Southeast Asia.
"Sustio is not just growing its business, it is helping to energise and elevate our entire semiconductor ecosystem," said MIDA deputy chief executive officer Zalina Zainol in a joint statement with InvestPenang and Sustio.
SIMMTECH Co Ltd chief executive officer Jeffery Chun said the company is confident in Malaysia's talent, infrastructure and strategic position within the semiconductor industry.
He added that SIMMTECH plans further expansion, with designs for a third facility, dubbed 'Sustio Building 3' and a fourth on a newly acquired 10-acre site.
Penang Chief Minister Chow Kon Yeow said the group's long-term commitment signals a promising future for Batu Kawan as a hub for advanced electronics manufacturing.
"As Penang continues to strengthen its position as the 'Silicon Valley of the East,' the state government remains committed to enhancing infrastructure that supports and complements investor needs," he added.
The launch ceremony was attended by representatives from MIDA, InvestPenang, the Penang Development Corporation and industry players including Micron and SanDisk.
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