PETALING JAYA: Keyto MY Sdn Bhd, a subsidiary of China’s Shenzhen Keyto Fluid Technology Co Ltd, has inaugurated its advanced fluid technology manufacturing plant in Batu Kawan, Penang.
The facility, which is projected to generate a revenue of RM65mil over the next three years, will be Keyto’s first overseas manufacturing plant, located in South-East Asia.
The new 3,540 sq m manufacturing facility will produce fluid management systems and precision components vital for medical devices, life science instruments and environmental monitoring.
The first phase of the facility will focus on manufacturing a range of fluid management solutions, including high-performance pumps, valves and fluid systems.
Malaysian Investment Development Authority chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the investment will attract additional foreign investments and foster innovation.
The facility will also create high-quality job opportunities for Malaysians and strengthen the country’s position in the global value chain.
