Azmin: Malaysia remains preferred hub for global manufacturers

Mohamed Azmin said Taiyo Yuden’s expansion is the culmination of a series of active and substantive engagements which began during the Trade and Investment Mission (TIM) to Japan in April 2021.

KUALA LUMPUR: The move by Tokyo Stock Exchange-listed Taiyo Yuden Co Ltd’s subsidiary, Taiyo Yuden (Sarawak) Sdn Bhd to expand its multilayer ceramic capacitors manufacturing facility in Kuching is a testament to Malaysia being a preferred hub for global manufacturers.

Senior Minister cum Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said Taiyo Yuden’s decision to inject RM680 million capital investments for its new facility, which will generate 2,000 high-skilled jobs, speaks volumes for foreign investors’ confidence in Malaysia’s business ecosystem.