KEDAH, May 18 (Bernama) — Ferrotec Holdings Corporation, a global supplier of materials, components, and precision system solutions, has announced its establishment of the 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 plant is expected to kickstart its operation in 2023. With a total investment expected to exceed RM500 million and at a facility of more than 80,000 square feet, the project is anticipated to create approximately 250 high-value jobs for Malaysians. As a tier 1 company supplying to MNCs in semiconductor industry, the company has committed to provide trainings to Malaysian employees at the factories in Japan and the United States.
