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US firm Applied Engineering to set up high-tech ops in Penang
By NST Business
July 15, 2021
US firm Applied Engineering to set up high-tech ops in Penang
KUALA LUMPUR: US-based Applied Engineering (AE) from San Jose, California will be establishing a joint venture (JV) plant with Malaysian counterpart, QES Manufacturing Sdn Bhd (QES) at Batu Kawan Industrial Park in Penang later this year.
Both parties signed an agreement to establish Applied Engineering Technology (M) Sdn Bhd (AET) to provide high-tech electromechanical contract manufacturing services.
The proposed initial investment for AET is RM5 million, with an initial workforce of 20 workers, comprising mainly engineers and technicians.
The investment is set to expand up to RM20 million over the next three years.
The company looks to kick-start its operations in a temporary premise before moving to its new factory in Batu Kawan Industrial Park during the fourth quarter of 2022.
Mida chief executive officer Arham Abdul Rahman said the electrical and electronics (E&E) and related services industries continued to assume a critical role in Malaysia's industrial development.
The sectors are part of the critical global supply chain and ecosystem to support other high technology industries.
