MPI’s unit to invest in a new plant in Suzhou

MPI said the agreement would provide the framework for the proposed investment in a new plant at the Suzhou Industrial Park Suxiang Cooperation Zone in China to design and provide assembly and test services for semiconductor and electronic components. (File pic shows some of MPI's products)

PETALING JAYA: Malaysian Pacific Industries Bhd’s (MPI) wholly-owned subsidiary Carsem Holdings (HK) Ltd has entered into an investment agreement with Suzhou Industrial Park Suxiang Cooperation Zone Management Committee.

MPI said the agreement would provide the framework for the proposed investment in a new plant at the Suzhou Industrial Park Suxiang Cooperation Zone in China to design and provide assembly and test services for semiconductor and electronic components.