China-based Ferrotec's RM550m investment in Johor to generate RM600m annual exports

• Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said this mega investment not only strengthens Malaysia’s standing in high-technology component manufacturing but has also created 396 new job opportunities that can benefit the locals.

KUALA LUMPUR (Aug 13): China-based high-technology semiconductor company Ferrotec’s RM550 million investment in Pasir Gudang, Johor, through subsidiary Ferrotec Power Semiconductor Malaysia Sdn Bhd has been realised and is expected to generate an annual export value of RM600 million.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz (pictured) said this mega investment not only strengthens Malaysia’s standing in high-technology component manufacturing but has also created 396 new job opportunities that can benefit the locals.

“Ferrotec is also working together with 35 local vendors in its supply chain, hence boosting our local small and medium enterprise ecosystem,” he said in a post on Facebook today.

Tengku Zafrul also said that the realised investment proves that each MADANI government effort is the start of investments that will transform the nation’s economic and technology landscapes.

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