Aerospace firm investing RM500mil in Penang

GEORGE TOWN: Singapore Aerospace Manufacturing (SAM) is investing over RM500mil in an aerospace component-manufacturing facility in Penang.

Chairman Philip Yeo said the amount was for the first two phases of the facility, known as Aviatron (M) Sdn Bhd, on a 17.5-acre site in Bukit Minyak Science Park. “Both phases will be operational by 2012 and is expected to create some 600 jobs,” Yeo said.