More than 10 years ago, the Elektrisola Group, the world's largest producer of fine and ultrafine copper magnet wire, started looking for a site for its first manufacturing plant in Asia. After a detailed comparison of possible locations in South-East and East Asia, we identified Malaysia as the best geographic and strategic location, and in 1990, made our decision to set up an automated high-tech production plant near Kuala Lumpur.
With the benefit of hindsight, I can say that the main factors which tipped the scale in favour of Malaysia at that time have, since then, not only exceeded our expectations but have continued to improve until today. Good general infrastructure and an English-speaking workforce of productive and trainable people were most important to us. In addition, the Malaysian government, federal as well as state-level, has proven to be business-minded and serious about attracting foreign direct investments. The combination of these factors has strongly contributed to our company's rapid growth in Asia.
Today, Elektrisola Malaysia supplies customers in the automotive and electronics industries in 25 countries. Our continuous investment in Malaysia and the fact that our Malaysian operation is among the most competitive companies within the Elektrisola Group, justify our confidence in Malaysia as an excellent location for direct investment in Asia.