TTM Technologies, Inc. has officially opened its first manufacturing plant in Penang, Malaysia with an investment of USD200 million (approximately RM958 million).
Built on 27 acres in Penang Science Park, TTM’s state-of-the-art facility has highly innovative and automated PCB manufacturing capabilities. This project is the result of the close collaboration between TTM and its customers to address the increasing demand for geographical manufacturing diversity and PCB supply chain resilience. The plant is customised to support mass production requirements in various commercial end markets, including networking, data centre computing, medical, industrial, and instrumentation.
The establishment of the Penang plant will facilitate the creation of approximately 1,000 employment opportunities across various categories for local talent by 2025. The expansion will generate substantial opportunities for TTM’s local suppliers and will help cultivate the skills of local technical talent in cutting-edge PCB technology solutions.
TTM anticipates that the new plant will generate full run rate revenue of about USD180 million (approximately RM855 million) by 2025. Furthermore, the plant is built to support a Phase 2 expansion that could result in a 25 per cent increase.
“Penang’s robust industrial eco-system, position as the electrical and electronics hub, strong talent pool, and conducive business environment have made Penang a preferred location for TTM. Due to the outstanding support of the government and the efforts of our employees, TTM is now entering our production ramp only two years after our initial ground-breaking. As TTM builds our presence in Penang, we eagerly anticipate a longstanding relationship and mutually rewarding partnership with the Malaysian government, our customers, and our critical vendors,” concluded Mr. Edman.
