KUALA LUMPUR, June 30 – Malaysian Investment Development Authority (MIDA) and CKD Corporation are delighted to announce the successful completion of the acquisition of land and building for CKD’s new Malaysian plant. The acquisition, which was initially announced on May 8, 2023, has received approval from the state authorities, and CKD has also been granted a manufacturing license by MIDA. Spanning over 80,000 square meters, the newly acquired plant will significantly enhance CKD’s production capabilities for equipment products in the ASEAN region.
This strategic move is aimed at meeting the growing demand in the manufacturing industry, including emerging markets, while ensuring the company can respond to customer needs with agility and efficiency. During the Malaysian Government’s Trade and Investment Mission to Japan 2023, CKD Corporation had the privilege of meeting YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), as well as Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA.
Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed confidence in CKD Corporation’s decision to establish its presence in Malaysia, stating, “CKD Corporation’s acquisition of the Malaysian plant is a testament to their confidence in Malaysia’s vibrant semiconductor and machinery ecosystem. Our country boasts a robust value chain, with key players in equipment supplies, assembly, and engineering supporting services. With an exceptional talent pool capable of supporting high-profile business ventures, CKD’s presence will drive technological advancements and further solidify Malaysia’s position as a top investment destination.
MIDA is fully committed 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, emphasized the significance of the new plant, stating, “This plant will serve as our main production base in the ASEAN region, and we sincerely hope that CKD will contribute to the development of Malaysia’s industry while responding to the global supply chain development for our customers.”
The completion of the acquisition marks a milestone for CKD Corporation and highlights Malaysia’s appeal as a strategic location for manufacturing and investment. With a robust ecosystem and skilled workforce, Malaysia continues to attract businesses seeking to capitalize on its dynamic market and conducive business environment. The collaboration between CKD Corporation and MIDA sets the stage for mutual success and the advancement of Malaysia’s industrial landscape.
