US firm Indium expands operations in Malaysia with new Penang plant - MIDA | Malaysian Investment Development Authority
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US firm Indium expands operations in Malaysia with new Penang plant

US firm Indium expands operations in Malaysia with new Penang plant

24 Oct 2022

US-based Indium Corporation has expanded its operations in Malaysia with a new 37,500-square-foot  manufacturing facility in Penang.

Indium produces a diverse range of solders and solder paste products including materials for the electronics assembly, e-mobility, power electronics and advanced packaging for semiconductor markets.

Earlier this year, the company announced a RM250 million investment for its expansion in Malaysia with this new manufacturing facility for its advanced solder paste, high-performance thermal materials, and innovative engineered solder products.

Indium said the new facility had begun manufacturing activities.

Indium will continue to expand the production capacity to better serve the company’s customers in Malaysia and the surrounding regional economies including Thailand and Vietnam.

Penang chief minister Chow Kon Yeow said Indium’s investment decision served as an acknowledgement of the skilled talent, well-developed infrastructure and resilient environment the state holds.

“Being widely regarded as one of the major players in the global semiconductor industry, Penang’s robust electrical and electronics (E&E) ecosystem is believed to have paved the way for sustainable industry development, offering a competent platform for the players along the supply chain to participate and thrive,” he said.

Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said Indium would serve as a catalyst to attract more players in the advanced soldering materials industry and strengthen the local supply chain.

“Towards supporting the new company’s growth in Penang, Indium Corporation will provide its technical expertise to assist the technical know-how,technology transfer as well as upskilling and reskilling of local talents,” he added.

The new facility will be manufacturing solder pastes, thermal interface materials and solder performs.

“Indium Corporation is proud to continue its more than 40-year history of doing business in Malaysia with the grand opening of our new manufacturing facility in Penang,” its president and chief operating officer Ross Berntson.

“This new facility will enable us to further support our customers in automotive, semiconductor, power electronics, e-mobility, industrial and computing and other markets,” he added.

Source: NST