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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , sweden company , investment , penang ,

   

Next In Business News

Industrial projects look increasingly attractive
Yew Lee expects to return to profitability on wider customer base
Changing office space requirements
Fed dampens hopes for rate cut
F&N to use cost management measures
Demand for co-working space remains resilient
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read