According to Taiwan’s media reports, Taiwan’s copper clad laminate (CCL) leader – Elite Material Co., Ltd. (EMC) announced that it will spend about RM186 million ringgits for a new factory in Penang.
EMC plans to expand its monthly CCL production capacity to 900,000 units in two phases. The production capacity is close to the scale of the existing plants in Zhongshan and Huangshi. The initial phase of production capacity is slated for release in 2025. EMC has expressed that the plant will serve as the primary growth driver in the coming years.
The new plant will be situated north of the Penang Science Park, covering an area of approximately 14 acres. Construction is expected to commence in the third quarter of 2023 and will be executed in two phases. The first phase will have a monthly production capacity of approximately 450,000 units. Upon completion of both phases, the new factory will be capable of achieving a monthly production capacity of 900,000 units.
The initial phase is scheduled to commence in early 2025, catering to global customers and generating new growth momentum for the group in the years ahead.
Obviously, Penang state is having very high ranking in the eyes of foreign investors. Hopefully, the possibility of coming political scenario of “some changes” won’t harm our decades of hard works in promoting Penang to the “Pinnacle” we wish for.
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This investment?? Aiyo, these are the things that Spore no longer wants. Low tech, labor cost sensitive, only Msian donkeys still want this!
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Hahaha, new factories, new workers, new first time house buyers
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@cheong
Have you brought in better investment? If not, then just shut up.
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@cheong
You may have a job but others don’t! If you can’t provide jobs, just shut up!
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