ID :
28153
Mon, 11/03/2008 - 14:50
Auther :
Shortlink :
https://oananews.org//node/28153
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US-BASED NATIONAL INSTRUMENTS TO INVEST US$80 MLN IN M'SIA
KUALA LUMPUR, Nov 3 (Bernama) -- US-based National Instruments (NI) plans to invest US$80 million in its new research and development (R&D) and operations facility in Malaysia which is targeted to open in 2010.
The facility will be located on a 6.8-hectare site in the northern state of
Penang and employ about 1,500 people, NI president and chief executive officer
Dr James Truchard said here Monday.
The plant will be the group's first in Asean and its third major global
operations centre, he said.
NI is a global leader in computer-based measurement and automation
hardware.
"Our goal in Malaysia is to be major centre in manufacturing as well as R&D
globally by 2015 when the plant is running at full capacity," Truchard said
during the media conference.
According to him, Malaysia was chosen to be a major hub in R&D and
operations for NI due to the country's competitive environment and highly
skilled workforce.
NI chief financial officer and senior vice president of manufacturing and
information technology (IT) operations, Alex Devern, said Penang was selected
because of its availability of electrical and electronics resources.
"We anticipate that by 2015, the site in Penang will be capable of
generating 40 percent of global revenue amounting to approximately US$650
million annually," Devern told reporters.
Truchard said the close proximity of the new facility to the Asian market
would also made it possible for the company to respond more quickly to customer
demand in the region.
He also said that despite the current difficult economic conditions, NI
would continue to invest in R&D to enhance its technological edge.
Headquartered in Austin, Texas, N1 has more than 5,000 employees and direct
operations in nearly 40 countries.
Founded in 1976, the company develops and manufactures software and
hardware products that engineers and scientists use for test, control and
embedded design applications.
With record revenue of US$740 million in 2007, NI has a strong financial
track record, being consistently profitable since 1990.
The facility will be located on a 6.8-hectare site in the northern state of
Penang and employ about 1,500 people, NI president and chief executive officer
Dr James Truchard said here Monday.
The plant will be the group's first in Asean and its third major global
operations centre, he said.
NI is a global leader in computer-based measurement and automation
hardware.
"Our goal in Malaysia is to be major centre in manufacturing as well as R&D
globally by 2015 when the plant is running at full capacity," Truchard said
during the media conference.
According to him, Malaysia was chosen to be a major hub in R&D and
operations for NI due to the country's competitive environment and highly
skilled workforce.
NI chief financial officer and senior vice president of manufacturing and
information technology (IT) operations, Alex Devern, said Penang was selected
because of its availability of electrical and electronics resources.
"We anticipate that by 2015, the site in Penang will be capable of
generating 40 percent of global revenue amounting to approximately US$650
million annually," Devern told reporters.
Truchard said the close proximity of the new facility to the Asian market
would also made it possible for the company to respond more quickly to customer
demand in the region.
He also said that despite the current difficult economic conditions, NI
would continue to invest in R&D to enhance its technological edge.
Headquartered in Austin, Texas, N1 has more than 5,000 employees and direct
operations in nearly 40 countries.
Founded in 1976, the company develops and manufactures software and
hardware products that engineers and scientists use for test, control and
embedded design applications.
With record revenue of US$740 million in 2007, NI has a strong financial
track record, being consistently profitable since 1990.
