Infineon opens RM240m facility in Melaka

Latest investment: Ong signing on a plaque at the opening ceremony of Infineon’s new building.

MELAKA: The continuing expansion by Infineon Technologies (M) Sdn Bhd in Malaysia reflects the attractiveness of the country as a competitive location for companies to tap into emerging opportunities in Asean.

As demand for electrical and electronics (E&E) products is projected to grow significantly, International Trade and Industry Minister II Datuk Seri Ong Ka Chuan expressed his confidence that Infineon has made the right decision to seize the growing opportunities by making Malaysia its gateway to the wider Asean market.

“Infineon’s presence here also adds to the portfolio of companies from Germany that continue to invest, expand and diversify their projects in the country.

“As at 2016, a total of 417 manufacturing projects with German participations valued at RM31.21bil have been implemented and created more than 44,000 jobs for the country,“ he said at the opening of Infineon’s new building, Block 8, in Batu Berendam here yesterday.

Present were state transport, project rehabilitation and international trade committee chairman Datuk Lim Ban Hong, German ambassador-designate to Malaysia Nikolaus Graf Lambsdorff and Infineon Technologies AG management board member Jochen Hanebeck.

Ong said these projects are mainly in the E&E, petroleum products and scientific and measuring equipment industries, which made Germany the fourth largest investor in the manufacturing sector in Malaysia after Japan, the United States and Singapore.

He said with three Infineon facilities in Melaka and Kulim, Kedah, this has made Malaysia the largest Infineon operation globally with a total investment of RM1bil.

“Beyond this direct investment, it is important to note the spill-over effect an organisation of this size has on the ecosystem surrounding it.

“As of July 2017, Infineon has provided more than 10,000 jobs for Malaysians,“ he said.

Ong said Infineon alone contributed 2% of the total workforce in Melaka.

He said it was estimated that the renowned German company also supported some 636 local vendors, which enabled them to generate revenue of close to half a billion ringgit last year.

Meanwhile, Jochen said the new building is designed to Industry 4.0 standards incorporating automation, Internet of things (IoT) and cyber-physical systems. The building, which cost RM240mil, offered 28,090 sq m of additional space.

“With this, Infineon will be able to deliver to our customers the best quality products at a faster rate and, in turn, enable the company to uphold its position as a world leader in semiconductor solutions,“ he said.

Infineon has had a presence in Malaysia since 1973.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Business , Melaka , investment , Infineon , building , stocks ,


Next In Business News

Bermaz profit raises to RM133.9mil in FY21
Palm oil reverses course to trade up 1% on stronger US soyoil
Uzma, Petra Energy JV wins onshore petroleum E&P contract in Sarawak
Ipmuda sells PJ property to Kerjaya Prospek, eyes expansion into renewable energy and healthcare businesses
Tenaga, plantations power KLCI sharply higher
Malaysia maintains CPO export tax at 8% for July
FDI slips to lowest since 2009 due to pandemic
Vehicle sales in May doubled on-year but minimal sales seen in June
Malaysia's Carsome weighs US listing with SPAC as option
Pound tumbles as virus resurgence clouds hope for UK recovery

Stories You'll Enjoy