KUALA LUMPUR, June 29 – CKD Corporation, in collaboration with the Malaysian Investment Development Authority (MIDA), is pleased to announce the successful completion of the acquisition of land and building for its new Malaysian plant. This milestone was achieved following the approval of state authorities and the granting of a manufacturing license by MIDA. The acquisition marks an important step for CKD in strengthening its production system for equipment products in the ASEAN region to meet the growing demand in the manufacturing industry.
The newly acquired plant spans an impressive area of over 80,000 square meters, providing CKD with a robust production base to cater to the expanding needs of the manufacturing industry, including the thriving growth markets. The company aims to enhance its responsiveness to customer demands while supporting the steady expansion of the ASEAN region. During the recent Malaysian Government’s Trade and Investment Mission to Japan 2023.
CKD Corporation had the opportunity to meet with YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of Investment, Trade, and Industry (MITI), and Datuk Wira Arham Abdul Rahman, CEO of MIDA. This fruitful engagement highlighted the mutual commitment to fostering collaboration and driving economic growth between Malaysia and Japan. Commenting on the acquisition, Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed confidence in CKD Corporation’s investment in Malaysia.
He emphasized Malaysia’s vibrant semiconductor and machinery ecosystem, which boasts a robust value chain with key players across equipment supplies, assembly, and engineering supporting services. He further emphasized that CKD Corporation’s presence in Malaysia would contribute to technological advancements and solidify the country’s position as a top investment destination. MIDA is fully dedicated to supporting CKD Corporation’s business expansion and creating an environment conducive to pioneering achievements.
Kazunori Kajimoto, Chairperson of the Board (CEO) of CKD Corporation, highlighted the significance of the Malaysian plant as the company’s primary production base in the ASEAN region. Kajimoto expressed hopes that CKD’s operations would not only contribute to the development of Malaysia’s industry but also align with the global supply chain development envisioned by their customers. The new plant, operated under the subsidiary CKD Malaysia Sdn. Bhd., is strategically located in Lot 70252, Jalan Kulim Hi-Tech 11, Industrial Zone Phase 3, Kulim Hi-Tech Park, Kedah, Malaysia.
The planned operation start is set for the end of 2024, with a total investment of approximately JPY 4 billion. The plant’s impressive site area of approximately 87,400 square meters and building area of approximately 15,800 square meters will enable CKD Corporation to expand its production capabilities and cater to the growing demands of the ASEAN market. The completion of the acquisition and the establishment of the new plant signify CKD Corporation’s commitment to driving innovation.
Supporting the ASEAN manufacturing industry, and contributing to Malaysia’s economic growth. With its strong foothold in Malaysia, CKD Corporation is well-positioned to meet the evolving needs of customers while furthering its global supply chain development.
