Japan's ROHM-Wako in RM910mil expansion in Malaysia - MIDA | Malaysian Investment Development Authority
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Japan’s ROHM-Wako in RM910mil expansion in Malaysia

Japan’s ROHM-Wako in RM910mil expansion in Malaysia

14 Mar 2022

ROHM-Wako Electronics, a major Japanese electronics maker, is expanding its electronic components facility in Kelantan with a total investment of RM910 million.

In a statement, the company said the investment was expected to create high-skilled jobs for over 340 Malaysians.

It is the single biggest investment ever made by the company which uniquely positions Malaysia as a key hub for the semiconductor and automotive global value chains.

International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the establishment of the manufacturing facility in Malaysia was a strategic decision by ROHM-Wako to build long-term presence in the Asean region.

“Indeed, this vital expansion signifies the company’s confidence in the capability of our local talent of highly skilled engineers and technicians.

“The investment performance of ROHM-Wako in Malaysia is most encouraging, with this new manufacturing facility generating employment opportunities for local talent, contributing to the economic upliftment of the community as well as boosting commercial development in the state.

“This expansion project is in line with the National Investment Aspirations (NIA) to make Malaysia a strategic investment hub,” Azmin said in the statement.

Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Arham Abdul Rahman, said the authority looked forward to welcoming other potential partners to leverage Malaysia’s capability as a supply chain hub to serve the industrial needs of the global market.

“ROHM-Wako’s expansion is poised to strengthen the country’s position in the global value chains. It is also expected to promote high-skilled jobs and ensure that Malaysia’s industries remain resilient and competitive,” he said.

ROHM-Wako president Hideki Hashimoto said the expansion was vital for the company’s continuous business and innovation growth.

“With the Malaysian plant having skilled and reliable workforce, we are confident that we have made the right decision to continue investing in this country,” said Hashimoto.

The construction of the new facility, which is expected to have a three-story building with a total floor area of 29,580 square metres, is envisaged to begin in the first quarter of 2022 and be completed in August 2023.

Source: NST