Netherlands' Neways Opens Manufacturing Facility In Selangor, Reaffirms Growth Commitment
KUALA LUMPUR, May 22 (Bernama) -- Netherlands-based Neways Electronics has opened a state-of-the-art manufacturing facility in Selangor, reaffirming its growth strategy and positioning the company to meet growing regional demand while enhancing its global manufacturing footprint.
In a joint statement, the Malaysian Investment Development Authority (MIDA), Invest Selangor and Neways said Malaysia's unique position in the heart of Asia and its prominence in the semiconductor manufacturing sector make it an ideal location for the Dutch company to establish its new manufacturing facility.
“Neways is excited to leverage Malaysia's strategic advantages to better serve its customers in the region and beyond,” according to the statement.
The launch was officiated by Deputy Minister of Investment, Trade and Industry (MITI) Liew Chin Tong, alongside Deputy Ambassador of the Kingdom of the Netherlands to Malaysia Eva Oskam.
Liew said the Neways’ investment was a strong vote of confidence in Malaysia’s position as a leading destination for advanced electronics and semiconductor-related industries.
“Neways’ presence will enhance our capabilities in high-precision electronics and contribute to the growth of our semiconductor ecosystem.
“This investment also signals the positive momentum created by the National Semiconductor Strategy (NSS), which aims to build a resilient semiconductor landscape,” he added.
MIDA chief executive officer (CEO) Datuk Arham Abdul Rahman said Neways’ investment strengthens Malaysia's position in high-tech, high-reliability electronics manufacturing segments that support critical industries such as medical, industrial automation, and automotive.
“This facility opens new doors for local vendors to participate in global value chains.
“MIDA's role in facilitating this investment showcases our commitment to attracting and nurturing investments that align with Malaysia's economic transformation agenda,” he said.
According to the statement, the Neways facility, which has commenced production, aims to support substantial growth with plans to expand its workforce to over 200 employees.
“The company intends to scale up operations, increase volume and broaden its customer portfolio.
“This strategic move underscores our dedication to meeting the evolving needs of our customers and enhancing operational efficiency,” Neways stated.
-- BERNAMA