Multi-code electronics joins UMW's High Value Manufacturing Park as tenant

KUALA LUMPUR, May 31 (Bernama) -- The UMW group's High Value Manufacturing (HVM) Park in Serendah, Selangor, has attracted automotive electronics parts company Multi-Code Electronics Industries (M) Bhd (MCEIB) as a tenant.

UMW Corporation Bhd said its wholly-owned subsidiary UMW Development Sdn Bhd (UMWD) inked an agreement with MCE Holding Bhd's unit MCEIB today for the development of 3.34 hectares in the park as part of the phase one development.

According to MCE Holding's announcement to Bursa Malaysia, MCEIB acquired the land for RM14.37 million to expand its manufacturing facilities. It currently has facilities in Johor Bahru and Shah Alam.

"The addition of MCEIB also highlights the growing number of advanced manufacturing companies setting up in UMW High Value Manufacturing Park, home to UMW Aerospace – Malaysia’s first Tier 1 fan case supplier to Rolls-Royce and T7 Kilgour metal treatment plant," UMW said in its statement.

MCEIB is the manufacturer and supplier of automotive electronics and mechatronic parts for the Malaysian and overseas markets and is one of Malaysia’s leading original equipment manufacturer suppliers in the automotive industry.

UMWD director property development Eric Chew said UMW’s pioneering industrial park was designed to be the centrepiece of Malaysia’s rapidly evolving high value manufacturing industry. 

The 348.4 hectare site offers the latest in Industry 4.0-enabled innovation and advanced manufacturing infrastructure, he said.

“At UMW HVM Park, our commitment does not stop at providing pioneering advanced manufacturing technologies but also steadfast support to the businesses which call the facility home,” said Chew.

 Through end-to-end facilitation in a rapidly growing ecosystem, UMWD was confident that the park would continue to accelerate expansion of Malaysia’s vital high value manufacturing industry, he added.

-- BERNAMA