KEDAH, 15 January 2024 – Ferrotec Holdings Corporation, a global supplier of materials, components, and precision system solutions, today announced the Grand Opening Ceremony to start production of its new manufacturing facility at Kulim Hi-Tech Park, Kedah, facilitated by the Malaysian Investment Development Authority (MIDA).
The plant which will be undertaking electromechanical assembly and advanced material fabrication for semiconductor equipment is designed to meet customer needs while also expanding the Group’s business globally.
The ceremony was attended by Dato’ Seri Haji Muhammad Sanusi Bin Md Nor, Kedah Menteri Besar; Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of Malaysian Investment Development Authority (MIDA); Tuan Haji Mohd Zaini Haji Ramli, Kulim District Officer; Dato’ Mohd Sahil Bin Zabidi, Group CEO of KTPC; Mr. He Xian Han, President of Ferrotec Holdings Corporation and Group CEO; Mr. Yamamura Takeru, Vice President of Ferrotec Holdings Corporation and Chief Executive Officer of Ferrotec Manufacturing Malaysia Sdn. Bhd.; Mr. He Anzhi, Managing Director of Ferrotec Manufacturing Malaysia.; as well as other distinguished guests.
From January to September 2023, the Machinery & Equipment (M&E) industry witnessed substantial investments, amounting to an impressive RM10.8 billion across 63 projects. This included RM9.6 billion from foreign investments and RM1.2 billion from domestic sources. Ferrotec has invested approximately RM850 million in this project creating more than 800 job opportunities, with majority catered towards our local talents.