VS Industry expands Indonesian & Malaysian operations
VS Industry Bhd, a leading integrated electronics manufacturing services (EMS) provider, is expanding its Indonesian and Malaysian operations.
VS Industry Managing Director Gan Sem Yam said that the company would invest some US$15million (RM47.8million) this year to build its second plant in Indonesia to make sustainable energy storage fuse boxes for its new client, an American multinational corporation (MNC).
Storage fuse boxes infused with specially formulated chemicals are installed at the electrical transmission towers as a back-up system to produce electricity in case of power failure.
Construction work on the 200,000-sq-ft new plant is scheduled to commence soon on a 2.5ha site in the Jababekas Cikarang industrial estate in Bekasi and is expected to be ready in the second half of next year, he said, adding that the investment in the new facility would enhance its position as a leading EMS provider in the republic.
The new plant will be three times larger than its first plant of 60,000 sq ft under PT VS Technology Indonesia, which undertakes surface mounting technology manufacturing activities.
The company will also increase its headcount in Indonesia by up to 1,800 with the new plant from its existing 800 employees.
In Malaysia, the company will invest RM7 million to set up a 50,000-sq-ft warehouse opposite its existing factory at the Murni Industrial Park in Johor Bahru, which is expected to be ready by middle of next year.
In addition, the company intends to build a new plant on a 4.04ha site in Senai, Johor, which is expected to be ready by end-2014.
VS Industry’s growing presence in EMS activities has earned the company a 32nd ranking in the Global Top 50 EMS providers in 2011, up from its 50th spot in 2010.
Currently, VS Industry operates nine manufacturing plants in Johor, China and Indonesia with staff strength of over 10,600 people and counting MNCs from Europe, Japan and the United States as among its clients.
Adapted from StarBiz 16 July 2012
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