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Leuze Electronic plans to double investment to RM200 mil in Melaka

Leuze Electronic plans to double investment to RM200 mil in Melaka

20 Jul 2022

German-based global optical sensor manufacturer Leuze Electronic Malaysia Sdn Bhd plans to increase its investment to RM200 million in the near future with the operation of its new plant in Bukit Rambai here early last year.

Melaka Chief Minister Datuk Seri Sulaiman Md Ali said the company had invested RM100 million, including for its factory building cost of RM50 million with eight production lines.

He said the company offered 100 job opportunities, of which 95% were filled by those living around Bukit Rambai and Tanjung Minyak.

“Today, we inaugurated Leuze Electronic’s new plant which started operations early last year. It took 16 months to construct after a long delay due to the Covid-19 pandemic.

“Leuze Electronic is expected to double its investment (here) and the State government will help it in its expansion,” he told reporters after officiating at Leuze Electronic here on Wednesday.

Also present was senior State Executive Councillor for investment, industry and entrepreneur development Datuk Seri Ab Rauf Yusoh.

Sulaiman said the investment will be of great benefit not only to the State’s economy but it will also provide jobs for the local people.

Meanwhile, Ab Rauf said investments by German companies in Melaka reached almost RM15 billion, including that from Leuze Electronic and Infineon Technologies (Malaysia) Sdn Bhd.

He said these investments by almost 10 German companies underscores Melaka as one of the best investment destinations.

Source: Bernama