Japan’s CKD completes acquisition of site for new Malaysian plant
01 Jun 2023
Malaysian Investment Development Authority (MIDA) says CKD Corporation has completed its acquisition a plot of land with building for its Malaysian plant.
Japan-headquartered CKD announced the acquisition on May 8 after receiving approval from the state authorities.
The acquisition covers an area of over 80,000 square metres and was completed alongside MIDA granting CKD a manufacturing licence.
The plant located in Kulim, Kedah is expected to commence operations at the end of 2024 involving about RM132 million of total investment.
CKD plans to strengthen its production system for equipment products in the Asean region to fulfill the demand of steady expansion in the manufacturing industry in general, which includes growth markets and respond to customer needs.
MIDA chief executive officer Datuk Wira Arham Abdul Rahman said CKD’s acquisition of the Malaysian plant was an indicator of confidence in Malaysia’s vibrant semiconductor and machinery ecosystem.
“Our country boasts a robust value chain with key players across equipment supplies, assembly, and engineering supporting services.
“Combined with an exceptional talent pool capable of supporting high-profile business ventures, the company’s presence in Malaysia will make a lasting impact, ushering in technological advancements and cementing our position as a top investment destination,” he said.
Arham said MIDA was fully committed to support CKD’s business expansion and create a conducive environment to pioneer achievements.
CKD board chairperson and chief executive officer said the plant would act as its main production base in the Asean region.
“We sincerely hope that CKD will contribute to the development of Malaysia’s industry as well as responding to the global supply chain development by our customers,” he said.
Source: NST
