BATU KAWAN, MALAYSIA – Simmtech Holdings is set to expand its production line in Penang, Malaysia through its Malaysia-based subsidiary, Sustio.

The $50 million expansion is expected to be completed by the first quarter of 2023, and will double the facility's high-density interconnect (HDI) printed circuit boards (PCB) production capacity while creating an additional 400 full-time jobs.

Simmtech opened its $120 million Penang factory earlier this year, and the decision to expand the facility earlier than originally planned shows the company's management team's strong and determined pledge to invest in Malaysia, said Simmtech SE Asia Managing Director Jeffery Chun.

International Trade and Industry Minister Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz said Simmtech's fast-tracked expansion of its subsidiary's operation in Malaysia proved that the country continues to be a preferred destination for high-value investments.

"This is due to our industry's strategic position in the global electrical and electronics (E&E) value chain and the availability of skilled Malaysian talent in this sector," he said. "This expansion project also supports the country's New Investment Policy (NIP), whose aims include nurturing innovative, high impact and high-tech investments that help create more higher-paying jobs, which is key to the country's long-term socio-economic upliftment and sustainable growth."

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