Ferrotec to set up RM500mil plant in Kulim

Senior Minister and International Trade and Industry Minister Datuk Seri Azmin Ali said Ferrotec’s decision on choosing Malaysia as a destination of choice for its high-tech manufacturing facility speaks volumes of the country’s talent readiness, strength and capability of its manufacturing and business ecosystems.

PETALING JAYA: Ferrotec Holdings Corp, a global supplier of materials, components and precision system solutions, has plans to establish a new manufacturing facility at Kulim Hi-Tech Park, Kedah.

In a statement, the Malaysian Investment Development Authority (Mida) said the plant will undertake electromechanical assembly and advanced material fabrication for semiconductor equipment.