Taiwan-based Elna PCB, a printed circuit board (PCB) manufacturer, is investing approximately RM1 billion to set up a new manufacturing facility in Seberang Perai Tengah, Penang.
Elna PCB (Malaysia) Sdn Bhd president Ian Yang said that the new plant, spanning 10,289 sq m, is designated to manufacture PCBs for automotive, server, networking, laptop, desktop and consumer electronic device products.
“The construction started in December 2022, and is expected to be completed within a year.
“We aim to start mass production by 2024,” he told reporters at the plant’s groundbreaking ceremony, officiated by Penang Chief Minister Chow Kon Yeow, here on Saturday (Feb 18).
Yang added that the new plant is expected to create 1,000 jobs in the engineering, manufacturing and quality management fields to support its growing capacity.
According to him, the company’s latest reinvestment effort will enhance the transfer of technology and knowledge as well as foster more local supply chain partnerships, leading to a stronger industry ecosystem in Malaysia.
“Our local suppliers have been very supportive, and we wish to strengthen our ties with them by enabling more localisation activities.
“Penang’s top-notch infrastructure and the strong government support are also the key reasons for us to invest in the state,” he said.
Meanwhile, Chow said that the new plant will further enhance the capabilities of local talent, and offer technology solutions in addition to creating greater opportunities for local suppliers.
“As the country’s leading electronics and electrical (E&E) hub, Penang continues to be a key pillar of Malaysia’s external trade, topping the nation’s list in 2021 with an export value of RM354 billion.
“In term of investments, Penang is also among the top contributors in the country, with an all-time high of RM76 billion in our approved manufacturing investments in 2021,” he said.
He added that from January-September 2022, Penang garnered RM9 billion of approved manufacturing investments, where 53% were contributed by E&E products, representing 22% of the country’s total approved manufacturing investments in the E&E sector.