Sensata Technologies expands operations in Malaysia
23 Mar 2022
A global industrial technology company Sensata Technologies has expanded its manufacturing presence in Malaysia with a new green certified building.
Sensata Techologies is a publicly-traded company and a leading manufacturer of sensors, electrical protection components and sensor-rich solutions.
The company today held a groundbreaking ceremony for its new building, increasing manufacturing floor space by 40,000 square feet to bring the total manufacturing space to nearly 275,000 square feet.
Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Arham Abdul Rahman said Sensata Technologies’ objectives complement MIDA’s continued efforts in encouraging economic transformation in developing talents for the increasingly digital industrial landscape.
Arham said Sensata Technologies’ decision to set-up its operations was a testimony of its continued confidence in Malaysia’s business ecosystem as the project looks to further expand its customer and commercial base.
“This complements the government’s effort to spur socio-economic development to the local vicinities; and indeed is a win-win situation for both the company and our country in line with our National Investment Aspirations (NIA),” he said.
Sensata Technologies said it had invested about RM790 million in Malaysia and would nvest an additional RM510 million within the next five years to expand its technology offering and manufacturing capacity.
This added floor space will provide the necessary room to grow the sense element assembly (SEA) which is a key component for sensors used in the industry, electric vehicle (EV) growth and state-of-the-art manufacturing facilities, which require class 10K cleanroom facility and robotics.
Sensata Technologies Malaysia general manager Vijay Jayaratnam said in addition to technological advancements, the company would also be creating value for people in the community by creating more than 500 new job opportunities.
“We will also be more integrated in our supply chain by collaborating with local small medium industry (SME) on state of the art sensors assembly.
“We know that there are many SMEs in our region who have the technology we need at much more reasonable cost,” said Jayaratnam.
Malaysia recorded a breakthrough in approved investments for 2021, amounting to RM306.5 billion in the manufacturing, services and primary sectors.
The manufacturing sector continued to be the mainstay of Malaysia’s economy, with approved investments of RM195.1 billion in 2021, compared with RM91.3 billion in 2020, a significant increase of 113.7 per cent.
E&E remained a leading industry, receiving 94 projects worth RM148 billion.