Japan's Koa Corp invests additional RM1b to expand operations in Melaka - MIDA | Malaysian Investment Development Authority
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Japan’s Koa Corp invests additional RM1b to expand operations in Melaka

Japan’s Koa Corp invests additional RM1b to expand operations in Melaka

17 Oct 2023

Japan-based Koa Corporation is investing an additional RM1 billion in Melaka for the Phase 2 development of its chip, microchip and electronics plant.

Chief Minister Datuk Seri Ab Rauf Yusoh said its unit Koa Denko (M) Sdn Bhd’s new factory on 8.37 hectares of land in the Ayer Keroh Eco Park, when fully completed in 2025, would offer an estimated 950 job opportunities.

“This will increase to 1,820 job opportunities in 2028. Koa Denko has also targeted to produce 8.2 billion chip resistors a month by the end of 2028.

“The company’s products are usually used in the automotive, industrial equipment and telecommunications industries and distributed to renowned global manufacturers,” he told reporters after officiating Koa Denko’s ground-breaking ceremony here on Tuesday.

The event was also attended by the company’s managing director Seiji Ozawa and Malaysian Investment Development Authority (Mida) chief executive officer Datuk Arham Abdul Rahman.

Ab Rauf said Koa Denko is also collaborating with several technical and vocational education and training (TVET) institutions in the state to create more skilled and trained workers, and provide job opportunities for the graduates.

Meanwhile, the chief minister said the state government is in the process of taking over 2,023.4 hectares of land for a new industrial area in Melaka’s northern corridor.

He said this is part of efforts to make Melaka an investment destination of choice as well as stimulating the state’s economy.

“We are also requesting Invest Melaka Bhd to facilitate all matters relating to investments and give the necessary support.

“As of October 2023, Melaka has achieved a very commendable level of investment, and the amount will be announced once the official report is received from Mida,” he added.

Source: Bernama