Swedish Industrialized Building Systems to invest RM100mil in Penang


SIBS managing director Erik Thomaeus speaking during a press conference on the announcement of the investment by Scandinavian Industrialized Building Systems (SIBS) at Komtar in Penang. WAN MOHIZAN WAN HUSSEIN / The Star/14 Feb 2017

GEORGE TOWN: Industrialized Building Systems will invest about RM100mil in its production and research and development facility at the Penang Science Park to become the biggest Swedish investor in Penang so far.

Managing director Erik Thomaeus (pic) said some 180 new jobs would be created when the factory is in full production.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , sweden company , investment , penang ,

Next In Business News

Navigating Sarawak’s condominium market
Policies head in right direction
China underground: Affordable and sustainable homes
Trump travel ban adds to Caribbean woes
Asia rides the dollar dip
Bull charges cautiously
Beauty lovers turn to TikTok and Amazon
EM optimism after stellar year
Philippine stocks set for recovery
Indonesia treads with care

Others Also Read