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Pensonic expects new hub to be up by 2013
by hlk Fri 25 Nov 2011, 19:22
Pensonic Holding Bhd expects the new facilities housing its international manufacturing hub as well as the headquarters of its international distribution network will commence operations in 2013.
Pensonic Chief Executive Officer and Group Managing Director Dixon Chew said
the group had recently acquired 2.4 hectares of land on which contruction for
the facilities would start in the first quarter of next year.
The new facilities which would also have an innovation centre to serve as a
platform for product development, research and development, and training could operate within 12 months after construction began, he told reporters after the company's 17th Annual General Meeting here today.
The project, one of the Entry Point Projects (EPPs) under the federal
government's Economic Transformation Programme (ETP) in Penang, would involve an investment of up to RM250 million spread over 10 years, he said.
"It aims to consolidate the manufacturing facilities around the Northern
region so as to complete the entire supply chain in order to ensure sufficient
output capacity to support current and future growth," Chew said.
He said Pensonic's next key transformation move was to emphasize R&D and
prepare for the eventual uplifting of the country's small and medium scale
industry and small and medium sized enterprises in manufacturing Malaysian made products.
"We are continuing to invest strongly in hiring new talents and in our
employees training and development programmes, and the group also aims to create a powerful momentum to motivate change and a holistic roadmap to go forward," he said.
Pensonic would also constantly explore potential mergers and acquisitions to
broaden its capabilities and diversify its operations to serve a wider range of
customers because one of the group's key strategies for growth was to transform into a multi-brand concept, Chew said.
Having synergistic businesses to complement the group's existing core
competencies would place the group in good stead to capture even more
opportunities not only locally but in the global market in the future as well,
he said. -- Bernama
Pensonic Chief Executive Officer and Group Managing Director Dixon Chew said
the group had recently acquired 2.4 hectares of land on which contruction for
the facilities would start in the first quarter of next year.
The new facilities which would also have an innovation centre to serve as a
platform for product development, research and development, and training could operate within 12 months after construction began, he told reporters after the company's 17th Annual General Meeting here today.
The project, one of the Entry Point Projects (EPPs) under the federal
government's Economic Transformation Programme (ETP) in Penang, would involve an investment of up to RM250 million spread over 10 years, he said.
"It aims to consolidate the manufacturing facilities around the Northern
region so as to complete the entire supply chain in order to ensure sufficient
output capacity to support current and future growth," Chew said.
He said Pensonic's next key transformation move was to emphasize R&D and
prepare for the eventual uplifting of the country's small and medium scale
industry and small and medium sized enterprises in manufacturing Malaysian made products.
"We are continuing to invest strongly in hiring new talents and in our
employees training and development programmes, and the group also aims to create a powerful momentum to motivate change and a holistic roadmap to go forward," he said.
Pensonic would also constantly explore potential mergers and acquisitions to
broaden its capabilities and diversify its operations to serve a wider range of
customers because one of the group's key strategies for growth was to transform into a multi-brand concept, Chew said.
Having synergistic businesses to complement the group's existing core
competencies would place the group in good stead to capture even more
opportunities not only locally but in the global market in the future as well,
he said. -- Bernama
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