Ferrotec Holdings Corporation, a global supplier of materials, components, and precision system solutions, held a grand opening ceremony to start production of its new manufacturing facility at Kulim Hi-Tech Park, Kedah. The Malaysian Investment Development Authority (MIDA) facilitated the ceremony.

Specifically, the manufacturing plant will undertake electromechanical assembly and advanced material fabrication for semiconductor equipment. It aims to meet customer needs while also expanding the Group’s business globally. Also, the new plant is the company’s first manufacturing facility in Southeast Asia.

Among the attendees at the ceremony are 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.

“Kedah is an excellent investment destination not only known for tourism, agriculture, but also manufacturing. The State Development Plan 2035 (KEDAH2035) seeks to achieve high-income status for its people by unleashing Kedah’s vast potential, with the private sector playing a pivotal role. Kedah offers a strategic location, skilled workforce, and supportive environment for companies to flourish. This is evident in our seamless administrative processes and the unprecedented benefits and infrastructures we offer. With the E10 initiative set up to ease investors’ journey and a strong track record with multinationals already present here, Kedah is no doubt a preferred state for investment emphasized Kedah State Menteri Besar YAB Dato’ Seri Haji Muhammad Sanusi.

Lim Bee Vian, Deputy CEO (Investment Development), MIDA, commended Ferrotec for their unwavering trust and support in establishing their manufacturing facility in Malaysia. “Ferrotec, with its extensive manufacturing footprint, symbolizes the diversification of supply chains. This reinforces Malaysia’s strategic standing as a location for semiconductor operations. By choosing Malaysia, Ferrotec positions itself to leverage untapped opportunities, foster innovation, and contribute substantially to the ever-evolving semiconductor landscape in our region. We will continue to partner with leading companies to anchor high value-added manufacturing, adopt advanced manufacturing technologies, and equip our people with the requisite skillsets. Our partnership with Ferrotec is a good example of how we are doing this.”

She further emphasized, “As part of the government’s initiative to elevate the manufacturing sector to greater heights and capitalizing on emerging global trends, the New Industrial Master Plan (NIMP) 2030 has been introduced as the industrial policy. Specifically, this seven-year plan adopts a mission-based approach to foster industrial development. It identifies Mission-Based Projects that leverage Malaysia’s strengths and potential in key industries such as the electrical and electronics (E&E), machinery and equipment (M&E) and chemical.”

Meanwhile, Takeru Yamamura, Vice President of Ferrotec Holdings Corporation and Chief Executive Officer of Ferrotec Manufacturing Malaysia Sdn. Bhd. remarked, “The opening of our flagship plant in Kedah, Malaysia marks a significant milestone for Ferrotec. We are delighted to share this moment with our valued partners, customers, and the local community. This state-of-the-art production facility has been strategically designed to meet the growing demand for our products and services in the dynamic Asian market.

As Ferrotec’s first manufacturing location in Southeast Asia, the Kedah plant integrates the culmination of 44 years of engineering expertise gathered from our operations in the US, EU, China, and Japan. Our commitment to delivering high-purity materials and precision assembly is a testament to the global standards that define Ferrotec. We believe that the establishment of the Kedah plant will propel Ferrotec to new heights as a globally recognized international supplier in the semiconductor industry. Being part of the vibrant eco-environment in Kedah is a privilege, and we are excited about the prospects that lie ahead. The collaboration with the local workforce underscores our dedication to ensuring a sustainable future for both Ferrotec and the region.

Today marks the commencement of a promising journey, as Ferrotec is committed to continue driving its effort to fulfill the increasing capacity demands and improved business continuity that are vital to our customers’ success. We extend our gratitude to everyone who has been part of this endeavor.” he added.

From January to Sept. 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 the majority catered towards our local talents.