- Expense represents confidence of multinational companies within Malaysia
- Samsung SDI aim to solidify the position as a Worldwide Top Tier Corporation by 2030
Samsung SDI Energy Malaysia Sdn Bhd (Samsung SDIEM) witnessed a significant milestone yesterday with the starting of its Phase 2 EV battery cellular manufacturing facility in Seremban. A cumulative US$1. 57 billion (RM7 billion) investment (Phase One: RM1 billion and Phase 2: RM6 billion), will be injected in opening its production location in Southeast Asian countries and the first EV battery cell service in Malaysia.
[RM1 = US$0.224]
The ground-breaking ceremony had been graced by the Primary Minister of Malaysia, Ismail Sabri Yaakob, as well as Menteri Tidak kecil of Negeri Sembilan Aminuddin Harun, Ambassador of the Republic of Korea to Malaysia Lee Chi Beom, together with Deputy Ceo (Investment Development) from the Malaysian Investment Advancement Authority (MIDA) Lim Bee Vian, and President and CEO of Samsung SDI Co Ltd (South Korea) Yoon Ho Choi.
Since 1991, mother or father company Samsung SDI Co Ltd (South Korea) has stamped its footprint in Malaysia, starting off with all the manufacturing of Cathode Ray Tube (CRT) under Samsung Electron Devices (SEDM). SEDM later changed its name to Samsung SDIEM, embarking on Lithium-Ion Cell manufacturing within September 2011 till May 2022, where Samsung SDI Company Ltd (South Korea) invested a total associated with RM2. 8 billion dollars. In return, over RM2. 5 billion of annual export had been generated, creating 2, 500 jobs by means of Samsung SDIEM.
Catering to global demand of electric vehicles, Samsung SDI Co Ltd invested an additional RM7 billion in Malaysia, setting up and working an EV battery power cell manufacturing plant in Seremban, operated simply by Samsung SDIEM.
“I take this opportunity to congratulate Samsung SDIEM upon its success for the starting of its second factory and an increase within investment of RM7 billion, ” stated Ismail Sabri who else noted the creation of 1, 300 tasks for “Rakyat Malaysia” with the opening from the new factory.
“I prefer the role played simply by Samsung SDIEM within developing the industry based on green technology. This is in line with the goals of the country to achieve a zero-carbon nation as early as 2050 as stated in the 12th Malaysia Strategy strategy, ” he or she added.
Minister associated with International Trade and Industry (MITI) Mohamed Azmin Ali remarked “Samsung SDIEM’s enlargement aligns with the Nationwide Automotive Policy 2020 (NAP 2020) which addresses growing trends within the industry, thereby positioning Malaysia since the regional leader within the manufacturing, engineering, technologies and sustainable development of the automotive sector. ”
Menteri Besar Aminuddin stressed, “The Local government has always prompted the entry of recent quality, high-tech and high- impact assets, such as Samsung SDIEM to drive strong economic growth, especially in Negeri Sembilan, as layed out in the Negeri Sembilan Integrated Concept Master Plan 2021-2045. The State Government also applies the concept of investor-friendly plan in attracting brand new investment/expansion through INVEST NS and every new investment project will always be facilitated. ”
He uncovered that, during the period of 2017 to 2021, the particular Negeri Sembilan Govt managed to increase the energy of total expense in the state to:
2017 – RM 1 . 41 billion
2018 – RM 2 . eighty six billion
2019 – RM 3. 68 billion
2020 –RM 7. 93 billion, the highest purchase in 10 years, and,
2021-RM 5. 76 billion, a decrease because of the impact of the Covid-19 pandemic.
“On this event, I would also like to thank MIDA regarding always helping and working with the State Federal government to ensure that Negeri Sembilan is always the destination of choice for traders, ” he additional.
Within hailing the investment decision as a milestone for your automotive industry, Chief Executive Officer of MIDA Arham Abdul Rahman said, “This investment represents the particular confidence of international companies in Malaysia. MIDA is constantly looking for opportunities to collaborate and facilitate growth plans of such impactful companies that continue to keep bring advanced technology and additional elevate the ELECTRONIC VEHICLES industry and its environment in the country. ”
In his welcoming speech, Ho Choi said, “All with Samsung SDI are working hard towards the objective to solidify our position as a Worldwide Top Tier Firm by 2030. If Samsung SDI will be lucky enough to tap into our partners’ competitiveness in addition to the support by the Malaysian Government, we are able to reach our own goal much quicker. ”
Malaysia is the third largest automotive market in ASEAN, making the automotive industry a critical and burgeoning component of the particular country’s manufacturing industry. There are currently 28 manufacturing and assembly plants in Malaysia producing motor vehicles (passenger vehicles, commercial vehicles, motorcycles, and scooters); and a large swimming pool of manufacturers of automotive parts plus components. The automotive ecosystem also encompasses research and design, product and procedure development, materials management, and after-sales solutions.