Austria’s AT&S invests RM8.5 billion in Malaysia

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KULIM, Oct 30 ― Austria’s AT&S, the global leader in printed circuit board and integrated circuit substrates, is opening its first manufacturing plant in Kedah, Malaysia with an investment of RM8.5 billion.

Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said Malaysia continues to be a top destination for foreign investors to expand their business.

“We set out in the NIA that we want to attract high-tech, quality investments to create quality jobs for the local workforce,” he said.

He added, AT&S will create 1,500 jobs among engineers and 4,500 jobs among blue-collar workers.

“More than 6,000 local youths will get jobs with the facilities built by AT&S here,” he told reporters here today after officiating the AT&S groundbreaking ceremony.

The Malaysian government has introduced the Environmental, Social and Governance (ESG) initiatives “to attract foreign investors as well as securing new markets not only in this region but also among RCEP member countries,” he said.

The AT&S investment is a record that has been set by MIDA, which took 12 months to bear fruit.

 

 


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Graduate with a Master of Mass Communication. 10 years working experience in the media and broadcasting.

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