Samsung reinvests RM2.2 bil in Malaysian plant
South Korea’s technology giant, Samsung Group is investing RM2.2 billion over five years from end-2011 to manufacture lithium ion cells and battery packs at its existing cathode ray tubes plant in Negeri Sembilan.
Samsung via its Malaysian subsidiary, Samsung SDI Energy Sdn Bhd, has commenced production in May and has a monthly capacity of eight million units of lithium ion cells and batteries, Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said during his visit to the plant in Senawang near Seremban, yesterday.
The Minister said the current investment is the biggest from the company, noting that Samsung has invested RM1.5 billion to-date. The combined investment of 3.7 billion would make Samsung a major foreign investor in Malaysia.
Samsung Malaysia currently employs some 4,000 workers in its plants in Negeri Sembilan and Port Klang.
Adapted from New Straits Times and StarBiz 15 June 2012
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