Plexus Breaks Ground on Sixth Manufacturing Facility in Penang, Malaysia
Plexus Breaks Ground on Sixth Manufacturing Facility in Penang, Malaysia
PENANG, MALAYSIA – July 26, 2024 – Plexus Corp. (NASDAQ: PLXS), a global leader that partners with companies to create the products that build a better world, celebrates a significant milestone with the groundbreaking ceremony of its sixth facility in Penang, Malaysia, located in the Bandar Cassia Technology Park. The state-of-the-art facility, known as “Plexus Bridgeview”, located on a sprawling 20-acre plot, will encompass an impressive 560,000 sq ft cutting-edge infrastructure, estimates investing of RM1bil over the next three years, signals its commitment to growth in Malaysia and within the Asia-Pacific region.
With a footprint established in Malaysia over 20 years ago, Plexus employs more than 10,000 team members across five manufacturing sites and one design center within Penang, Malaysia. This new upscale facility will enable the expansion of their business in Semiconductor Capital Equipment and the ongoing growth of their business supporting leading Healthcare and Life Sciences companies, which supports the Malaysia New Industrial Master Plan 2030. This expansion will also create an estimated 1,800 new employment opportunities of high-skilled jobs in the region.
Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the MIDA, commented, “MIDA is thrilled to see Plexus’ trust and commitment to expanding its operations in Malaysia with the establishment of its sixth manufacturing plant. Our country’s robust electrical and electronics (E&E) ecosystem, the exceptional capabilities of our local talent, and our well-developed semiconductor supply chain provide the perfect foundation for investors like Plexus. We are buoyed by the opportunities this investment will bring for Plexus, the local community, and the industry, and we look forward to Plexus’ continued advancement in Malaysia.”
Dato’ Loo Lee Lian, Chief Executive Officer of InvestPenang (representing Chief Minister of Penang, Right Honorable Mr. Chow Kon Yeow), stated, “Today marks a significant milestone for Plexus to ground break its sixth manufacturing site. I am grateful to Plexus for continuing to select Penang as your choice of location to expand your operations, which highlights the confidence Plexus places in Penang’s existing robust industrial ecosystem, which enables the company to thrive and grow.”
Mr. Victor Tan, Plexus’ Regional President – APAC, stated “The establishment of the new Plexus Bridgeview facility demonstrates our commitment to growth within the region, Page 1 of 3 and provides a strong opportunity to meet the growing needs of our valued customers. We are grateful for the facilitation and continued support of MITI, MIDA, InvestPenang, and our key suppliers to help enable these important milestones on Plexus’ growth journey.”
Plexus is committed to sustainability throughout their global business operations. The company continues to elevate the standards of business conduct and integrate sustainable and responsible business practices into its enduring strategy. Through focused efforts around product impact, environmental impact, social impact and sound corporate governance, the company is able to deliver differentiated value to various stakeholders.
In support of being a sustainable and responsible business partner, Plexus contributes to non-profit causes within Malaysia communities and encourages employee volunteerism through charitable giving initiatives, STEM education sponsorships and collaborations. In addition, as one effort to highlight how they are reducing the carbon footprint, the company has installed solar panels at the Plexus Islandview and Seaside facilities, and will continue to do so for all remaining facilities by end of 2024.
Plexus is excited to embark on this ambitious endeavor of a new facility, and is looking forward to realizing the vision of Malaysia’s New Industrial Master Plan 2030 in service of fulfilling the company’s vision of helping create the products that build a better world.