Koa Denko investing RM750mil to expand Melaka operations

Senior state executive councillor for investment, industry and entrepreneur development Ab Rauf said the new factory is expected to create about 2,000 job opportunities, particularly among the Melaka community. — Bernama

Petaling Jaya: Japan-based microchip component maker Koa Denko (M) Sdn Bhd will raise its capital investment to RM750mil within five years starting next year to include the construction of a new factory in Ayer Keroh, Melaka.

Senior state executive councillor for investment, industry and entrepreneur development Datuk Seri Ab Rauf Yusoh said the rise in capital expenditure translates to a total investment of about RM1bil from the company since it started operations in Melaka about 50 years.