PENANG -- TTM Technologies officially opened a $200 million, state-of-the-art printed circuit board manufacturing plant here, its first in Penang.
TTM anticipates that the new plant will generate full run rate revenue of about $180 million (approximately RM855 million) by 2025.
Built on 27 acres in Penang Science Park, the printed circuit board fabricator's state-of-the-art automated facility is is customized to support mass production for various commercial end-markets, including networking, data center computing, medical, industrial, and instrumentation.
The new facility is configured to minimize energy and water consumption and will reduce the carbon footprint by 60% compared to a traditional PCB plant while still meeting rigorous environmental operational standards.
TTM expects to employ up to 1,000 workers at the site over time. A Phase 2 expansion could increase estimated revenues by 25%.
In a statement, TTM called the plant the result of "close collaboration" with its customers to address demand for geographical manufacturing diversity and PCB supply chain resilience.
“The opening of our flagship plant in Penang marks a significant milestone for TTM," said Thomas Edman, president and chief executive, TTM. "We are thrilled to embark on this expansion plan, with a state-of-the-art facility that underscores our commitment to providing our customers with differentiated advanced technology PCB solutions on a global scale. Today, we are proud to celebrate the grand opening of TTM’s first large-scale, highly advanced technology-equipped facility in Southeast Asia. As we step into this new era of innovation and expansion, we are committed to elevating industry standards, meeting customer needs, and propelling TTM’s growth as a new contributor to the Malaysian economy.
“Penang’s robust industrial eco-system, position as the electrical and electronics hub, strong talent pool, and conducive business environment have made Penang a preferred location for TTM. Due to the outstanding support of the government and the efforts of our employees, TTM is now entering our production ramp only two years after our initial ground-breaking. As TTM builds our presence in Penang, we eagerly anticipate a longstanding relationship and mutually rewarding partnership with the Malaysian government, our customers, and our critical vendors,” concluded Mr. Edman.
The inauguration of TTM’s Penang plant was marked by the official opening ceremony, presided over by YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Pn. Najihah Abas, Executive Director, Investment Promotion of Malaysian Investment Development Authority (“MIDA”); YBhg. Dato’ Loo Lee Lian, Chief Executive Officer, InvestPenang; Mr. Thomas Edman, President, and Chief Executive Officer, TTM Technologies, Inc.; Mr. Philip Titterton, Executive Vice President and Chief Operating Officer, TTM Technologies, Inc.; senior government officials; and TTM’s senior management.
YAB Tuan Chow Kon Yeow, Chief Minister of Penang said, “Penang is indeed proud to be the chosen location for TTM to establish its first large-scale, highly automated, and innovative PCB manufacturing plant in Southeast Asia, which also signifies the confidence that foreign investors have placed in Penang. Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players in next-generation technologies and growth strategies. I am optimistic that TTM will reap a myriad of benefits from its operation in Penang, the Silicon Valley of the East.”
