Greatech Technology invests RM1.3b in fourth manufacturing plant in Batu Kawan
28 Feb 2023
Malaysia-based automation solution provider Greatech Technology Bhd is investing approximately RM1.3 billion to expand its fourth manufacturing plant in Batu Kawan, Penang.
Its chief executive officer Datuk Tan Eng Kee said that the new 500,000 sq ft facility, with an estimated capital expenditure of RM200 million as well as an estimated operating expenditure of RM1.1 billion, is designated to manufacture solar products.
“The new facility constructed across 4.69 hectares in the Batu Kawan Industrial Park is expected to operate by the end of this year.
“On completion, Greatech will have a total combined floor area of more than 1.2 million sq ft,” Tan told reporters during the plant’s ground-breaking ceremony officiated by Penang Chief Minister Chow Kon Yeow here on Tuesday (Feb 28).
Tan said that the new plant is expected to create about 500 employment opportunities to support the ecosystem with its ever-growing demands.
Meanwhile, Chow, who is also the Member of Parliament for Batu Kawan, said that Penang’s home-grown companies hold critical roles in promoting the growth of the machinery and equipment (M&E) sector in the state.
“On the investment front, Penang is one of the top contributors to national approved manufacturing investments, with RM9.2 billion recorded from January to September 2022.
“Investments in the M&E industry alone totalled RM7.3 billion from 2020 to September 2022, accounting for 57% of the country’s total. This has placed us on the right trajectory to become a global front- to back-end equipment manufacturing hub,” Chow added.
Greatech started in 1997, and is headquartered in Bayan Lepas, with facilities in Bayan Lepas, Batu Kawan and the US.