iMin Technology opens first production facility outside China in Johor

iMin Technology opens first production facility outside China in Johor

01 Aug 2024

iMin Technology, an Androidbased point of sales (POS) hardware and platform provider based in Singapore, has opened its first production facility outside China in Senai here.

Chief executive officer Hu Aimin said the cutting-edge facility, operated through Neostra Sdn Bhd, represents a significant milestone in the company’s expansion strategy in enhancing its manufacturing capabilities and strengthening its supply chain to meet the global demand from its fast-growing clientele while leveraging on Malaysia’s competitive edge.

“Malaysia offers a conducive environment for business growth, with its robust infrastructure, skilled workforce and supportive government policies.

“Our decision to establish a manufacturing facility here is a strategic move to tap into the vast opportunities that Malaysia presents,” he said in a statement today.

He said the facility’s opening marked the start of more than just an expansion but the beginning of a dynamic exchange of knowledge and expertise.

Hu said iMin’s deep industry knowledge and advanced technological capabilities would facilitate a valuable transfer of information and skills to the local workforce and industry partners.

“The integration of global expertise with local insights will drive innovation and elevate industry standards, creating a collaborative environment that will benefit both iMin and the broader business
community in Malaysia.

“We are confident that our presence in Malaysia will not only enhance our production capabilities but also contribute significantly to the local economy and community,” he said.

The ceremony was graced by the state’s Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han, Malaysian Investment Development Authority (MIDA) Singapore director Vinothan Tulisinathzan and MIDA Johor director Mohamad Reduan Mohd Zabri.

Meanwhile, Lee said iMin’s strategic decision to set up a production facility in Johor reflected a strong vote of confidence in the country’s robust economic policies, political stability and business regulations.

He added that Malaysia and Singapore shared a robust and mutually beneficial economic and trade relationship and this collaboration would serve to keep the positive momentum going while creating jobs and fostering innovation between the two nations.

Source: Bernama