US-based Paramit to develop RM60mil facility in Penang

By DAVID TAN

Factory in the forest: an artist

GEORGE TOWN: Paramit Corp, a US-based medical device manufacturer, is investing RM60mil for a new facility in Penang Science Park, Bukit Minyak.

Paramit Malaysia country manager Thomas La Rose said the new facility would serve as the its main manufacturing facility in Asia.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Paramit , penang , facility , us-base ,

Next In Business News
Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Urban harmony: Can stakeholders row together?
Breathing new life into forgotten spaces
FROM BANGSAR TO BEYOND
Asia to lead next AI wave
Luxury real estate trends in 2026
China’s gold rush continues
SC Estate Builder’s hotel acquisition under scrutiny
Department stores bet on experiences

Trending in Biz News

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.