KUALA LUMPUR, October 24 – Alton Industry Ltd Group (Alton), a prominent US-based global supplier specializing in consumer and commercial tools, appliances, and floor care products, is making significant strides in expanding its manufacturing and research and development (R&D) presence in Malaysia. During a meeting in New York City, Mr. David Lu, the CEO of Alton Group, unveiled the company’s vision to invest more than RM2 billion over the next 7 years. Construction of the new manufacturing facility is already underway, signifying Alton’s strong commitment to its expansion plans.
This substantial investment will also establish a global R&D hub dedicated to developing the company’s new technology platforms. With an expected completion date in 2024, Alton is poised for continuous growth to enhance production capacity and meet the diverse and ever-increasing demands of its global customer base. YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Malaysia’s Minister of Investment, Trade, and Industry (MITI), warmly embraced Alton’s extensive global expansion. He noted Alton Industry Ltd Group’s decision to expand its manufacturing and R&D operations in Malaysia as a testament to the nation’s appeal as an investment destination.
This commitment aligns seamlessly with the key objectives of Malaysia’s recently unveiled New Industrial Master Plan 2030 (NIMP 2030), which aims to foster an investment-friendly environment and rapid technological adoption to elevate the country’s manufacturing tech ecosystem. This move solidifies Malaysia’s position as a global technology and innovation hub, fostering new inventions and deeper collaborations between Alton and Malaysian SME industry players. Tengku Zafrul Aziz welcomed Alton’s investment and its potential to create higher-paying, quality employment opportunities, particularly for Malaysians.
Datuk Wira Arham Abdul Rahman, CEO of the Malaysian Investment Development Authority (MIDA), expressed excitement over Alton’s commitment to Malaysia. He recognized that Alton’s enduring presence in the nation would catalyze mutually beneficial collaborations with domestic industry players, especially in high-value, high-growth activities. As Alton establishes its roots in Malaysia, it is expected to become a pivotal industry partner, significantly contributing to economic growth and development. With this new partnership between MIDA and Alton, the necessary support will be provided to ensure the seamless execution of their investment project in the country.
David Lu, President, and CEO of Alton, commented on this expansion, stating, “Alton is proud to broaden its global footprint and develop its operations in Malaysia with the planned opening of our new manufacturing facility in Johor Bahru. This facility will enable us to support our global customers across various sectors and swiftly expand into new markets. The incentives from federal, state, and local governments, combined with robust infrastructure support, make this an attractive investment opportunity for Alton.”
Alton manufactures a diverse range of commercial and consumer tools, hardware, equipment, home appliances, and floor care products. The company conducts business in over 75 countries, with offices in China, Japan, Hong Kong, Europe, and the United States of America (USA).
