GUAN ENG: NO NEED FOR FANCY VISIT ALA NAJIB’S LATEST DISASTER, AMERICAN INVESTMENT CONTINUES TO FLOW UNABATED INTO PENANG
The recent public announcement on the New York Stock Exchanged-listed Boston Scientific Corp commencing operations at its first Asian factory in Penang in Batu Kawan Industrial Park is a strong vote of confidence in Penang as a location of choice for investment. This is the 19th global manufacturing facility for the medical device giant, and its first in Asia.
According to its vice-president and general manager of manufacturing and distribution for Malaysia Dave Mitchell, the company has injected “hundreds of million of ringgit” into the new plant, with plans to add as many as 400 new local jobs over two years. He added “the company ultimately selected the Penang site for its high-skilled workforce, infrastructure to support manufacturing and business friendliness”.
An official opening ceremony is scheduled to take place in February 2018. Boston Scientific’s new manufacturing plant spans 375,000 sq ft over a 20-acre (8.1ha) parcel. The facility will begin producing two of the company’s state-of-the-art medical products that are used in cardiovascular and endoscopy this year. Boston Scientific intends to expand its production to include urology products next year. Boston Scientific has more than 13,000 products in its global portfolio. Presently, Boston Scientific supplies medical technologies to more than 100 countries, out of which 15 are in Asia.
For the year ended Dec 31, 2016 (FY16), Boston Scientific achieved a revenue of US$8.39 billion, a 12% growth from the previous year. The company is expecting revenue for FY17 to be in a range of US$8.675 billion to US$8.875 billion.
This investment by a US company besides the recent expansion of UST Global and upcoming Broadcom Global Distribution Warehouse opening proves untrue allegations by certain irresponsible parties that American investment is not coming to Penang.
Even Malaysian Investment Development Authority (MIDA) highlighted Boston Scientific’s investment in Penang in a full page advertisement in the August 26th – September 1st issue of “The Economist”. MIDA stated that Boston Scientific will be producing structural heart components, medical optical fibres and endoscopy biopsy devices. “Malaysia is an ideal geographic location with an infrastructure that is conducive for business, particularly in the growing medical device sector,” says Ed Mackey, an executive vice-president at Boston Scientific.
LIM GUAN ENG
槟城州首席部长林冠英于2017年9月14日在乔治市光大发表的
美国外资仍持续不断投入槟城
纽约上市的波士顿科技公司刚公开宣布将在槟城设立其亚洲第一家厂
根据其公司副主席兼生产与大马物流总经理戴夫米切尔透露他们已经
该公司厂房的正式开幕将订于2018年2月,波斯顿科技崭新的厂
波士顿科技至2016年12月31为止 (2016年财政年度)
除了这家美国公司,最近尚有UST全球在槟城扩充,不久以后,我
即便是马来西亚工业发展局,也在8月26日至9月1日的“经济学
林冠英
✍ Sumber Pautan : ☕ Malaysia Chronicle
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