IBRAHIM AHMAD WORLD

SOME 250 investors from the three of the biggest cities in Europe are planning on investing RM5 billion in several sectors of the country in the near future. Minister of International Trade and Industry Datuk Mustapa Mohamed said investors from Frankfurt, Milan and London have indicated their wish to invest in Malaysia during a meeting with the Malaysian trade delegation led by him last week.

Following a briefing on the progress of Kulim Hitech Park (KHTP) in Kulim today, Mustapa said the investors from Frankfurt were looking at an investment of RM2.2 billion in the manufacturing and chemical sectors while investors from Milan planned to invest RM1.77 billion in the engineering sector. Investors from London meanwhile are planning to invest RM1.1 billion in the services sector.

Mustapa also disclosed that in June several trade missions were being lined up to attract investors from China, Korea and Japan, while a trade delegation will be also visiting Australia in August. He also hoped these trade delegations overseas will be able to bring in more investors to the country and achieve a higher investment amount than the RM62.8 billion registered last year.

On the Kulim Hitech Park meanwhile, he said its progress was commendable having become a premier industrial zone in the country and attracting 21 foreign investors as well as local investors. He said there were plans to get more investors particularly foreign investors to invest in the park as it offered the best facilities for various sectors.

Infineon Technologies (Kulim) Sdn Bhd plans to spend another RM1.7bil for its facility in Kulim Hi-Tech Park (KHTP) once the economic crisis is over.

The investment would be for the expansion of high volume production and research and development (R&D) activities, vice-president and managing director Tan Soo Hee.

“The R&D work will be expanded to include improving production processes, enhancing our automation technology, developing new modes of analysis on the defects and weaknesses of our products, and creating new materials for use in the production processes,” he said. However, the company could not predict when the economic crisis will end.

About 30% of the floor space in the Kulim facility had installed equipment so there was still 70% for expansion, Tan said.

The group had so far spent RM2.1bil for the Kulim plant, he added.

“One aspect of our R&D work is to improve production processes to reduce wastage.

“The Kulim plant is one of the many Infineon Technologies facilities involved in a worldwide programme to help the group save 600 million euros through cost management and increased productivity.

“Another aspect of the R&D work is creating value with our existing equipment,” he said.

Tan said there were no plans to downsize the staff strength at the Kulim plant.

“We have spent RM110mil to train some 600 of our staff. If we were to retrench, our training efforts would go to waste,” he said.

Instead of downsizing or implementing pay cuts, Tan said 300 to 400 of Infineon Technologies Kulim’s senior management, executives and engineers were supporting the group’s unpaid leave programme by taking three to five days of unpaid leave a month for three months.

Infineon Technologies produces power and logic chips used in the security, industrial and automotive sectors.

Source: theStar Online

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