Azmin: Malaysia remains preferred hub for global manufacturers

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KUALA LUMPUR: The move by Tokyo Stock Exchange-listed Taiyo Yuden Co Ltd’s subsidiary, Taiyo Yuden (Sarawak) Sdn Bhd to expand its multilayer ceramic capacitors manufacturing facility in Kuching is a testament to Malaysia being a preferred hub for global manufacturers.

Senior Minister cum Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said Taiyo Yuden’s decision to inject RM680 million capital investments for its new facility, which will generate 2,000 high-skilled jobs, speaks volumes for foreign investors’ confidence in Malaysia’s business ecosystem.

This can be realised through increasing economic diversity, creating high-skill jobs and addressing economic imbalances; in line with the national Shared Prosperity Vision commitment which would enable Malaysia to become a country that achieves sustainable, fair, equitable and inclusive economic growth.

He said the company’s 36,500-square metres facility in Kuching will have state-of-the-art, high-tech equipment and high-energy conservation through the incorporation of solar-powered roofs.

 

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