Hotayi Electronic invests RM300 mln to expand facility in Batu Kawan
16 Oct 2021
Electronic manufacturing services (EMS) company, Hotayi Electronic (M) Sdn Bhd, is investing RM300 million to expand its facility here to cater to the growing demand for its products.
Managing director Goh Guek Eng said the expansion of the facility would increase output by 50 per cent and create 600 new job opportunities.
“This expansion is crucial for us to meet the market’s growing demand. We expect construction to be completed in April 2022 and production in the new factory to commence in May 2022,” she said at the groundbreaking ceremony here today.
Also present was Chief Minister Chow Kon Yeow, Hotayi Electronic chairman Datuk Seri Lee Hung Lung and InvestPenang chief executive officer Datuk Loo Lee Lian.
Chow said Hotayi Electronic has been actively cultivating engineering talents and skilled workers and the new expansion project would broaden this effort and further enhance the competitiveness of the local workforce.
“It is reassuring to see that Hotayi’s expansion aspirations have not been dampened by the global economic challenges.
“I am confident that Penang will be benefitting from the exciting industry outlook going forward and our versatile industrial ecosystem and infrastructure will support the needs of Hotayi’s growth in Penang,” he said.
He added that Penang demonstrated a growing significance in the country’s external trade, owing to the state’s robust manufacturing ecosystem, despite the pandemic outbreak.
In the Jan-Aug 2021 period, Penang’s exports increased 15 per cent year-on-year to RM223 billion, representing 29 per cent of the country’s exports and generated a trade surplus of RM65 billion or 44 per cent of the country’s trade surplus.