TAIYO YUDEN ANNOUNCES EXPANSION OF MULTILAYER CERAMIC CAPACITORS PRODUCTION IN SARAWAK
Construction project by Taiyo Yuden valued at RM680 million commences in September 2021
Kuala Lumpur, 21 September 2021 – Taiyo Yuden Co. Ltd., listed on the Tokyo Stock Exchange, announced today that one of its subsidiaries, Taiyo Yuden (Sarawak) Sdn Bhd, is expanding its multilayer ceramic capacitors manufacturing facility in Kuching as a strategic move to increase its production capacity in the ASEAN region. This marks another milestone for Malaysia as the preferred hub for global manufacturers and an ASEAN gateway.
The expansion of Taiyo Yuden’s facility in Sarawak was discussed during the Trade and Investment Mission (TIM) to Tokyo in April 2021 led by YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry.
“Taiyo Yuden’s decision to inject RM680 million capital investments for their new facility reflects booming investors’ confidence in our ecosystem’s readiness to support global production. This achievement demonstrates the success of the Government’s aggressive and effective strategies to welcome and facilitate high-quality FDIs. MIDA has been working closely with Taiyo Yuden in ensuring the smooth implementation of their expansion project that will generate an additional 2,000 job opportunities,” said Dato’ Seri Azmin.
Mr. Shinji Masuyama, Director and Executive Vice President of Taiyo Yuden said, “The construction of this new plant is an important investment agenda under the Group’s Medium-term Management Plan 2025. More than ever, we will strive continuously to develop as a business enterprise that is trustworthy to all the stakeholders, including our customers, local communities in Malaysia, and employees.”
Taiyo Yuden (Sarawak) is a production site for multilayer ceramic capacitors, which are essential components for the creation of miniature and high-performance electronic devices. Since 1994, the company has employed 4,600 personnel in their manufacturing plant.
The company foresees a higher demand for multilayer ceramic capacitors in the future due to the advancement of technologies in automobiles, electrical and electronics, 5G smartphones and communications infrastructure.
The Kuching facility spanning over 36,500 square meters, is expected to be in operation by March 2023. It will include the usage of high-tech equipment with state-of-the-art features, support high-energy conservation and incorporate solar-powered roof, in line with ESG Goals. This bodes well with the National Investment Aspirations (NIA) crucial in revitalising Malaysia’s investment climate, attract high-quality investments and create high-income jobs.
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube.
About TAIYO YUDEN
Since Taiyo Yuden’s inception, we have achieved growth by undertaking the research, development, manufacture and sales of various types of electronic components. Our product lineup includes capacitors, as well as inductors and Film Bulk Acoustic Resonator (FBAR)/Surface Acoustic Wave (SAW) devices. The source of our strength comes from the undertaking of development starting from material development to product commercialisation. This approach enables us to continually provide products that respond closely to our customer needs in the markets we serve. We currently offer products used in such electronic devices, as smartphones and tablets. We also offer a wide range of fields such as automobile and IT infrastructure/industrial equipment, where the application of IT and electronics is accelerating. For more information, please visit https://www.yuden.co.jp/ap/ .
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Taiyo Yuden Announces Expansion Of Multilayer Ceramic Capacitors Production In Sarawak