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Plexus expands presence in Malaysia with acquisition of new facility
EMS provider Plexus is increasing is presence in Malaysia with the acquisition of a new 432'000 square-foot manufacturing facility in Penang.
The facility is adjacent to Plexus’ existing Riverside manufacturing facility in Penang, and when combined will result in a 37-acre Riverside campus, a press release reads. “As part of our ongoing strategic planning process, we carefully evaluate the service offerings of each of our regions to ensure we are meeting our customers’ current and future needs,” says Steve Frisch, Executive Vice President and Chief Operating Officer. “Demand for Plexus’ industry leading solutions in our Healthcare/Life Sciences sector continues to grow, especially in the APAC region. By increasing our presence in Penang, we will have the ability to expand our leadership in this space by creating a new Healthcare/Life Sciences Center of Excellence.” “As a significant employer in the region, we are pleased to continue expanding our presence in Penang. Plexus offers many exciting opportunities for our employees to collaborate with global teams across the company. We have an innovative culture built around problem-solving and offer our employees the opportunity to discover their potential by partnering with leading companies to bring exciting, life-changing products to reality,” says YJ Lim, Regional President – APAC. The total investment for the facility expansion is approximately USD 40 million. The new site is anticipated to be operational by the end of Plexus’ fiscal 2018.