PENANG, Jan 27 ( Bernama) — Swiss-based VAT Group AG, the world’s leading supplier of high-performance vacuum valves, today held a groundbreaking ceremony to initiate the extension of its production facility in Penang, Malaysia. The new plant will cover an area of about 39,200 square meters and is estimated to create 500 employment opportunities once completed and running at full capacity. This project will more than double the production capacity of VAT’s Malaysian operation, increasing factory output to over CHF 1 billion (MYR 4.6 billion¹).
The ceremony was attended by the Ambassador of Switzerland to Malaysia, Her Excellency Madam Andrea Reichlin, Deputy Penang Chief Minister 1 YB Dato’ IR Haji Ahmad Zakiyuddin Abdul Rahman, and representatives from numerous other local organizations, including the Malaysian Investment Development Authority (MIDA), InvestPenang, the Penang Development Corporation (PDC), and other distinguished guests.
