PETALING JAYA: Hewlett Packard’s (HP) hi-tech manufacturing facility in Penang will provide over 900 highly-skilled jobs for Malaysians by the year 2020, says Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan.
The RM780mil investment by HP for the facility showed the company’s “strong vote of confidence” in the country as a hub for value-added manufacturing, said Ong yesterday.
“HP has chosen Malaysia as its strategic location to manufacture printheads of inkjet cartridges, the key ingredient of HP’s printing technology that is still manufactured in-house by HP.
“This product will contribute to the strengthening of Malaysia’s electrical and electronic export base, as it is expected to generate incremental exports of more than RM6bil per annum, or about 1% of total manufactured exports,” he said.
He added that HP would employ smart manufacturing technology and processes in the new facility, helping to pave the way for the development of sophisticated technologies in manufacturing in the country.
At present, 300 locals have been employed at the facility, with 60% working in professional and technical positions.
“As many as 150 local vendors also stand to gain from HP’s new operations here in terms of supplying indirect materials, operating supplies and plant services,” said Ong.
The electrical and electronic industry has become the main contributor to the total approved investments in first quarter (Q1) of 2016 compared to the same period in 2015.
“In Q1 of 2016, Malaysia recorded RM37.3bil of total approved investments in the services, manufacturing and primary sectors.
“Year-on-year, foreign direct investments increased to RM12.8bil in Q1 2016 from RM10bil in the corresponding period of 2015,” he said, adding that the electrical and electronic industry has remained a dynamic, growth-oriented industry as the years progressed.