THMY breaks ground on new factory, HQ in Penang


BATU KAWAN: THMY Holdings Bhd, a provider of automated testing solutions for the E&E industry, today broke ground on its new factory and corporate headquarters at Batu Kawan Industrial Park, Penang.

In a statement, it said that following the commencement of construction works, this new factory is targeted to be completed by the second quarter of 2028, and this reinforces the group's commitment to expanding its production capabilities and supporting its long-term growth strategy 

Designed to support THMY's next phase of expansion, the purpose-built factory will significantly enhance its manufacturing and engineering capabilities as well as overall operational efficiency. 

"The new factory will initially accommodate 20 advanced automated test solution workstations, enabling THMY to support higher production volumes and meet customers' increasingly sophisticated testing requirements. 

"The expansion is expected to strengthen the group's ability to capitalise on the growing demand for automated test solutions, particularly across data centre, artificial intelligence and cloud computing applications, while reinforcing its position within the regional E&E manufacturing ecosystem," it said. 

The new factory will provide additional production floor space for the group, significantly increasing THMY’s manufacturing capacity and engineering capabilities to scale its operations and undertake larger, more complex projects.

THMY executive director/chief executive officer Ooi Can Nix said this investment positions THMY to capture growing opportunities while laying a strong foundation for the next phase of sustainable growth. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit ends firmer as safe haven demand for US$ fades
Pan Malaysia unit grants RM5.5mil loan facility to parent MUI
US-Iran escalation could threaten 2027 oil market surplus, IEA says
Bursa Malaysia closes higher on rebound in financial stocks
Evergreen Max Cash proposes listing transfer to Main Market
Advancecon unit bags RM121.66mil sub-contract for data centre water supply project in Port Dickson
Malaysia's palm oil stockpiles up 4.78% to 2.54mil tonnes in June -�MPOB
AirAsia, TAT strengthen partnership to boost Thailand tourism
Lianson Fleet acquires two Ultramax-class bulk carriers for RM213mil
GFM Services unit secures RM148.2mil contracts for turnaround activities at PIC

Others Also Read