MALAYSIA,SWITZERLAND : Swiss Semiconductor firm chooses Penang for its new manufacturing unit [TendersInfo (India)]
(TendersInfo (India) Via Acquire Media NewsEdge) A Swiss semiconductor firm will be opening its first manufacturing plant in Asia. The company has selected Penang for the development of VAT Manufacturing Malaysia Sdn Bhd. VAT is the major supplier of vacuum valves for state-of-the-art applications in the semiconductor industry in the world.
The construction will be carried out on a 3.035ha in Batu Kawan and the plant is likely to enter into service by December 2012.
According to Andreas Scheibe, VAT executive vice-president Quality and Procurement, it was a significant move for VAT to establish its first branch in Asia. Andreas said, A lot of our customers in the United States have moved to Asia, so we decided to move as well to be able to better serve our customers.
He added, After surveying several Asian countries, we chose Penang because it is the only one that meets our requirements.
It was a pleasure to hear that VAT had selected Penang over China, Japan, South Korea, Singapore, Taiwan, Thailand and Vietnam, said Penang Chief Minister Lim Guan Eng. He said, "We are proud that our human resources, suppliers in mechanical and electronic components, infrastructure and logistics support as well cost of living comply with the requirements of VAT.
Lim said that US$25mil will be invested towards the new facility which would create 100 new job opportunities.
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