Elna PCB Deepens Root In Penang With RM1 Billion Expansion Plan
Penang, 18 February 2023 – Elna PCB Malaysia Sdn. Bhd. (Elna PCB), one of the key printed circuit board (PCB) players in Penang, held a groundbreaking ceremony today for the expansion of its new plant in Seberang Perai Tengah, Penang. With an investment value of approximately RM1 billion for the equipment, plant, and machinery, the construction of the new plant has commenced in December 2022. Aiming to be completed within a year, the plant is expected to create an additional of 1,000 employment opportunities and begin production by 2024.
Spanning across 10,289 square meters land area, the new plant is designated to manufacture PCBs for the usage of automotive, server, networking, laptop, desktop and consumer electronic devices products to support the ecosystem with its increased growing capacity.
Officiating the groundbreaking ceremony, the Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang, congratulated Elna PCB on achieving this milestone, “With a presence of nearly 30 years in Penang, Elna PCB’s expansion decision has greatly attested Penang as a sustainable location for investment. I believe that our robust industrial ecosystem, strong talent pool, conducive business environment as well as the region’s growth opportunities are among the key factors for Elna PCB to deepen its roots here,” said the Chief Minister.
“With PCB and substrate being a promoting subsector in Penang, I am confident that the expansion of Elna PCB will further enhance the local talent’s capabilities in advanced PCB technology solutions and create greater opportunities for our local suppliers. The state government, via InvestPenang and other state agencies, will ensure smooth implementation of Elna PCB’s expansion in Penang. I look forward to establishing a strong relationship with Elna PCB in the years to come,” the Chief Minister added.
Commenting on Elna PCB’s significant milestone, Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation of the Malaysian Investment Development Authority (MIDA), said “We are honoured that Malaysia’s competitive traits are in tandem with PSA Group’s strategic approach in mitigating the impact of COVID and geopolitical disruption. At MIDA, our focus is on attracting high-quality investments that have tangible spillover effects on Malaysia, in line with our National Investment Aspirations (NIA) and New Investment Policy (NIP). Our aim is to create high-skilled job opportunities and develop our local supply chain capabilities to meet the evolving requirements of our core economic sectors while encouraging innovation in emerging ones.”
“We are optimistic that Elna PCB’s latest reinvestment will enhance the transfer of technology and knowledge, as well as foster more local supply chain partnerships, leading to an even stronger industry ecosystem in Malaysia,” he added.
“Elna PCB is optimistic that, upon completion of this project, we will be able to achieve a 5-fold business growth from our current business size. We chose Penang as our present and future home, as Penang’s competitive edge lies in its skilled workforce, robust market and supply chain. Our local suppliers have been very supportive and we wish to strengthen our ties with them by enabling more localisation activities. In addition, Penang’s top-notch infrastructure and the strong government support are also the key reasons for us to invest in Penang,” said Mr. Ian Yang, the President of Elna PCB.
Established in 1994, Elna PCB has become part of the PSA Group in Taiwan, following a joint venture between PSA Group and Japan-based Elna Printed Circuit in 2018. PSA Group, short for Passive System Alliance, belongs to Walsin Lihua Group, an international conglomerate headquartered in Taiwan with operations spanning wire and cable, stainless steel and renewable energy. Having more than 50 production bases globally, including Taiwan, China, Japan and Malaysia, PSA Group’s business entities focus on PCBs, passive components, electronic manufacturing services and assembly.
Also presented at the groundbreaking ceremony included YB Dato Law Choo Kiang, Speaker of the Penang State Legislative Assembly, YB Yeoh Soon Hin, Penang State Exco in Tourism and Creative Economy, Dato’ Loo Lee Lian, CEO of InvestPenang and Mr. Davis Lai, President of PSA PCB Business Group.
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. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 21 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 and Facebook, LinkedIn, TikTok and YouTube channel.
InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the state through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs) and Penang CAT Center (for talent attraction and retention). For more information, please visit https://investpenang.gov.my/. Do follow us on InvestPenang’s social media channels: Facebook ; LinkedIn
About Elna PCB
ELNA PCB is a member of Passive System Alliance (PSA), one of the global leading groups for PCB and electronic component products. ELNA, being the Japanese arm within the PSA group, has been dedicating its products and services in manufacturing high quality PCB with advanced technology PCB for Automotive, Communication, Industrial and medical markets for years, and is now expending its product footprints to Server, high speed networking product applications. For further information, please visit https://epc.elnapcb.com
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