Rigol Technologies sets up RM100m Penang facility — MIDA
26 Aug 2024
China-based manufacturer of electronic test equipment, RIGOL Technologies Co Ltd, has established its first overseas plant, research and development (R&D) centre and service centre in Penang, with a total investment of over RM100 million.
In a joint statement on Monday, Malaysian Investment Development Authority (Mida) and RIGOL said the new facility is located on 2.07 acres (3,365 square metres), with a factory footprint of 7249 square metres.
Mida chief executive officer (CEO) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the investment offers an opportunity for Malaysia to move up the supply chain ladder, while also generating high-value jobs.
“We are excited that RIGOL chose Malaysia for its first manufacturing plant outside of China.
“At Mida, we are fully committed to facilitating developments like this that take Malaysia’s manufacturing sector to the next level,” he said in the statement.
Phase one of the new facility, which has already commenced operations, consisted of multiple production lines, focusing on the production of electronic test and measurement instruments.
Phase two will have additional production lines and will focus on establishing an advanced R&D centre, as well as a comprehensive overseas service centre to support RIGOL’s ongoing commitment to innovation and customer service.
Meanwhile, RIGOL Technologies (Malaysia) Sdn Bhd CEO Wang Ning said the Penang facility is a significant milestone in its global expansion strategy, and underscores the company’s dedication to delivering exceptional service to its international customers.
By enhancing its service capabilities in overseas markets, RIGOL is positioning itself to better meet the growing demands of clients, while maintaining steady growth within the industry.
InvestPenang CEO Datuk Loo Lee Lian said: “Penang, also known as the Silicon Valley of the East, has over half a century of industrialisation experience, making it a natural hub to attract players within the electrical and electronics sector”.
Source: Bernama
