Greatech Technology Berhad a Malaysia-based leading automation solutions provider broke ground for the construction of a new facility in Penang with a built-up area of 500,000 square feet constructed across 11.58-acre land with an investment of approximately RM1.3 billion.
The expansion is estimated to cost the company a capital expenditure of RM200 million and an estimated operating expenditure of RM1.1 billion. The Group strongly believes that this investment will open new horizons in meeting their ever-growing demands.
Ms. Ooi Hooi Kiang, the Board Chair of Greatech said, “Greatech has grown rapidly in the last 5 years, broadening our customers base across the world. Furthermore, our headcount significantly increased from 350 in 2018 to 1,300 to date. This has contributed to the creation of high-impact job opportunities with 50 per cent of the total staff being design engineers and 98 per cent of them being local hires.” “We also envision building Penang into a world-class automation hub and becoming the global top 10 factory automation solutions provider in the next few years. Our key emphasis is that the equipment and systems are designed and made by Malaysian talents.
In order to realise our ambition, we continue to invest in three key strategic pillars, first, expanding our production capabilities, second, attracting and retaining key talents and lastly, building an enduring culture that encourages open communication and innovation”, she concluded.
