Latest news with #Ferrotec
The Sun
6 days ago
- Business
- The Sun
Ferrotec's RM550m Johor investment to boost RM600m annual exports
PASIR GUDANG: China-based semiconductor firm Ferrotec has completed its RM550 million investment in Johor through subsidiary Ferrotec Power Semiconductor Malaysia Sdn Bhd. The project is expected to generate RM600 million in annual exports, reinforcing Malaysia's position in high-tech manufacturing. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted the project's economic impact. He stated that the investment has created 396 new job opportunities for locals. Ferrotec is also collaborating with 35 local vendors, enhancing Malaysia's SME ecosystem. Tengku Zafrul emphasised the government's role in driving transformative investments. He said the project reflects the MADANI government's commitment to advancing Malaysia's economic and technological growth. - Bernama
BusinessToday
23-04-2025
- Business
- BusinessToday
Ferrotec To Start Construction Of RM1 Billion Second Facility In Kulim
Ferrotec Holdings Corporation has begun construction of its second high-tech manufacturing facility at Kulim, Kedah, with an investment of RM1 billion (USD226 million). Set for completion within a year, the second facility is to strengthen its Southeast Asian footprint for faster delivery, enhanced customer service, and greater innovation for global markets across Asia, Europe, and the Americas, bringing the company's total Malaysian investment to RM1.9 billion. The new Kulim Factory #2 will span nearly 1 million square feet across 20 acres and feature over 700 CNC machines, smart production lines, IoT-enabled systems, and predictive maintenance capabilities – embodying Industry 4.0 principles. It is expected to create over 1,000 high-value jobs, enhancing Ferrotec's precision manufacturing capacity for semiconductor components. 'The groundbreaking of our second plant in Kulim is not only an important milestone in the history of Ferrotec, but also a true reflection of our deep cooperation on building the semiconductor industry chain. The success of our first facility has proven the validity of Ferrotec's strategy of 'rooting in Malaysia and serving the global market.' It has strengthened our confidence to deepen cooperation and expand investment, setting a benchmark for Ferrotec's ventures in Malaysia.' said Mr. He Xian Han, Group CEO & President. Related
The Star
23-04-2025
- Business
- The Star
Ferrotec opens second high-tech plant in Kulim with RM1bil investment
KUALA LUMPUR: Ferrotec Holdings Corporation, a global supplier of materials, components and precision system solutions, has launched its second high-tech manufacturing facility in Kulim, Kedah, with an investment of nearly RM1 billion (US$226 million). Ferrotec's second Kulim facility will span nearly one million square feet across 8.09 hectares, housing more than 700 computer numerical control (CNC) machines, smart production lines, internet of things-enabled systems and predictive maintenance capabilities - in line with Industry 4.0 standards. Scheduled for completion within a year, the facility is expected to generate over 1,000 high-value jobs and significantly enhance Ferrotec's precision manufacturing capacity for semiconductor components. Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Sikh Ibrahim Sikh Abdul Majid said Ferrotec's continued expansion underscores Malaysia's standing as a premier destination for high-tech investment in the semiconductor sector. "This commitment not only reflects investor confidence in our policies, infrastructure, and talent but also reinforces our ambition to become a regional leader in advanced manufacturing. "We look forward to even greater collaboration as Malaysia advances its New Industrial Master Plan (NIMP) 2030 and fosters innovation-driven, sustainable growth," he said in a statement. According to the statement, the expansion aligns with Malaysia's NIMP 2030 and Kedah's E10 initiative, both aimed at positioning the country as a regional hub for advanced manufacturing and digital transformation. Ferrotec's groundbreaking ceremony was attended by Invest Kedah chief operating officer Noor Ikhsan Bin Abdul Aziz, MIDA Kedah director Mohd Rushdan Mohd Ghazali, Ferrotec HangZhou president Bao You Wei, and Ferrotec Holdings Corporation group chief executive officer and president He Xian Han. - Bernama
New Straits Times
23-04-2025
- Business
- New Straits Times
Ferrotec starts work on second plant, total investment hits RM1.9bil
KUALA LUMPUR: Ferrotec Holdings Corporation has held a groundbreaking ceremony of its second high-tech manufacturing facility at Kulim, Kedah, with an investment of RM1 billion. This brings the company's total investment in Malaysia to RM1.9 billion, reinforcing its long-term commitment to the country and its growing role in the global semiconductor industry. Scheduled for completion within a year, the facility will strengthen Ferrotec's footprint in the region, enabling faster delivery, enhanced customer service and greater innovation for global markets across Asia, Europe and the Americas. Ferrotec Manufacturing Malaysia managing director Anzhi He said the second facility plant reflects the confidence in Malaysia's thriving semiconductor ecosystem. "This plant is not just bigger, it is smarter. Powered by Industry 4.0 technologies, it embodies Ferrotec's vision for a modern factory where machines learn, adapt and collaborate with human ingenuity," he said in a statement. He added the company is working alongside the Malaysian Investment Development Authority (MIDA), Kulim Technology Park Corporation Sdn Bhd and the Kedah state government in developing the fast-growing digital economy. MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said Ferrotec's continued expansion in Malaysia underscores the country's position as a premier destination for high-tech investments in the semiconductor industry. "This commitment not only reflects investor confidence in our policies, infrastructure and talent, but also reinforces our ambition to become a regional leader in advanced manufacturing. "MIDA is proud to support Ferrotec's journey as it strengthens the global semiconductor value chain from the heart of Kedah. We look forward to even greater collaboration as Malaysia advances its New Industrial Master Plan 2030 and fosters innovation-driven, sustainable growth," he added. The new factory covers nearly one million square feet on 8.09 hectares and houses over 700 computer numerical control machines, smart production lines and Internet of Things-enabled systems with predictive maintenance. The plant is expected to create more than 1,000 high-value jobs and boost Ferrotec's precision manufacturing for semiconductor components.
