(From left to right) Mr. Thomas Edman, President, and Chief Executive Officer, TTM Technologies, Inc., and Chow Kon Yeow, Chief Minister of Penang signing the plaque to commemorate the opening of TTM Technologies Malaysia’s state-of-the-art facility on Thursday.

PENANG — TTM Technologies, Inc., a global leader in technology solutions including mission systems, RF components, and advanced printed circuit boards (PCBs), has officially inaugurated its first manufacturing plant in Penang, Malaysia. With a hefty investment of USD 200 million (approximately RM 958 million), the new facility stands as a testament to TTM’s commitment to meeting the increasing demand for geographical manufacturing diversity and PCB supply chain resilience.

Situated across 27 acres in Penang Science Park, the cutting-edge facility boasts highly innovative and automated PCB manufacturing capabilities. This milestone project reflects the close collaboration between TTM and its clientele, addressing the burgeoning requirements across various commercial sectors such as networking, data centre computing, medical, industrial, and instrumentation.

Chow Kon Yeow, Chief Minister of Penang, expressed pride in Penang’s selection as the site for TTM’s first large-scale, innovative PCB manufacturing plant in Southeast Asia. He highlighted Penang’s well-established industrial ecosystem and its capacity to support industrial players in next-generation technologies and growth strategies.

The inauguration ceremony, graced by prominent figures including Chief Minister Chow Kon Yeow, executives from Malaysian Investment Development Authority (MIDA) and InvestPenang, as well as senior government officials and TTM’s management, marked the official opening of the Penang plant.

The establishment of TTM’s Penang plant is set to create around 1,000 job opportunities for local talent by 2025, spanning various categories. Additionally, it will foster growth opportunities for local suppliers and enhance the skills of local technical talent in cutting-edge PCB technology solutions.

Foreseeing a full run rate revenue of about USD 180 million (approximately RM 855 million) by 2025, TTM also plans for a Phase 2 expansion that could result in a 25% increase in capacity.

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, lauded TTM Technologies’ investment for its significant benefits to Malaysia’s electrical and electronics (E&E) industry, particularly within the semiconductor sector. He emphasized the alignment of TTM’s investment with Malaysia’s strategic objectives outlined in the New Industrial Master Plan (NIMP) 2030.

Thomas Edman, President and CEO of TTM Technologies, expressed excitement about the opening of the flagship plant in Penang, highlighting TTM’s commitment to providing differentiated advanced technology PCB solutions globally.

In line with its commitment to sustainability, the new facility is designed to minimize energy and water consumption, reducing the carbon footprint by 60% compared to traditional PCB plants, while adhering to rigorous environmental standards. – BebasNews

TTM’s presence in Penang signifies not only a significant milestone for the company but also a mutually beneficial partnership with the Malaysian government, customers, and vendors, poised to elevate industry standards and contribute to the Malaysian economy’s growth.

— BebasNews

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