GEORGE TOWN: Japanese electronics and ceramics producer, Ibiden Co Ltd is investing RM1.3 billion to increase production capacity at its second building at the Penang Science Park.
Its managing officer (deputy operation manager) Sotaro Ito said the manufacturing equipment would be installed by early next year and production was expected to kick off in September.
"The expansion will create 1,500 employment opportunities for Penangites," he told a press conference here today, which was also attended by Penang Chief Minister Lim Guan Eng.
Ito said the second building would supply high-technology and quality printed wiring boards (PWB) and free via stacked up structure (FVSS) to meet higher worldwide demand from increasing 4G communication network.
He said the RM1.3 billion investment in Malaysia was almost 50 per cent of Ibiden Group's capital expenditure in 2014, making its operation in the country the biggest base in Asia.
"Ibiden's decision to expand is due to its confidence in Malaysia which provides a conducive business environment and availability of skilled workforce," he said.
Ibiden also hoped to increase its local content, which is currently at between 10 per cent and 15 per cent, to enable it to be more competitive and cost-efficient, he said.
The second facility is set to enhance Ibiden's business competitiveness, he added.
Ibiden via Ibiden Electronics Malaysia was opened in 2008 as a major production base of PWBs and FVSS for use in smartphones and other electronic products.--
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