Alton Industry Ltd Group, a US-based global supplier of industrial tools is expanding its manufacturing and R&D base into Malaysia with an investment of RM 2 billion.
CEO David Lu laid out the company’s vision to invest over RM2 billion in the next 7 years with the construction of the new manufacturing facility already started. This new investment will also serve as a global R&D centre for the company’s new technology platforms. Once completed in 2024, Alton is poised for continuous expansion to bolster production capacity and cater to the diverse and ever-growing demand of its global customer base.
MITI Minister Tengku Zafrul warmly welcomed Alton’s significant global expansion, along with their Phase 1 investment commitment of RM500 million. The commitment also perfectly aligns with the key targets of Malaysia’s recently launched New Industrial Master Plan 2030 (NIMP 2030), including the creation of an investment-friendly environment and the rapid embrace of technology to elevate our manufacturing sector’s tech ecosystem.
Alton’s President and CEO, David Lu commented, “Alton is proud to expand its global footprint and to develop its operations in Malaysia with the planned opening of our new manufacturing facility in Johor Bahru. This new facility will enable us to support our global customers in all sectors we currently do business in and allows expand to other markets quickly. The incentives from federal, state and local governments we have in addition to the support of infrastructure make this a good investment for Alton.”
Alton produces a diverse range of commercial and consumer tools, hardware and equipment along with home appliances and floor care markets. Alton does business in over 75 different countries with offices in China, Japan, Hong Kong, Europe and the United States of America (USA).
