NETHERLANDS' NEWAYS NEW FACILITY IN SELANGOR TO INITIATE PRODUCTION IN Q4 2024

KUALA LUMPUR, March 23 (Bernama) -- Netherlands-based Neways, the global innovator in mission-critical technology for leading semiconductor, connectivity and smart mobility companies has announced the establishment of a new state-of-the-art manufacturing facility in Klang, Selangor.

This strategic expansion further strengthens Neways’ global footprint, allowing Neways to service its customers across all geographies with design, prototyping, production and repair services, the company said in a statement.

The new facility will be based in Klang, Selangor and is expected to initiate production in the fourth quarter of 2024. 

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“Neways will focus on developing and producing advanced modules and cabinets for some of the world’s most renowned players in the semiconductor sector. The company aims to achieve substantial growth, with plans to expand its workforce in Malaysia to over 200 employees,” it said.

Neways said it already has a global footprint with facilities in Europe, namely the Netherlands, Germany, Slovakia and Czech Republic, the Americas (US) and Asia (China). 

“It is currently constructing a new large-scale production and cleanroom facility in Slovakia, and with the addition of the new facility in Malaysia, Neways is building a strategic presence in Southeast Asia with a prominent position in the semiconductor sector.

“This strategic move underscores Neways’ dedication to meet the evolving needs of its growing global customer base and further develop its business in the region,” it said.

Chief executive officer Hans Büthker said that as part of Neways' global production strategy, the establishment of the facility is a testament to its unwavering commitment to provide exceptional products and services to its valued customers all over the world. 

“The new facility in Malaysia not only fortifies our global manufacturing footprint but also propels our ambitious expansion plans in the region, with a strong focus on the semiconductor sector,” he said.

-- BERNAMA