ID :
48534
Tue, 03/03/2009 - 06:58
Auther :
Shortlink :
https://oananews.org//node/48534
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US FIRM PLANS US$80 MLN INVESTMENT
PETALING JAYA, March 2 (Bernama) -- Despite the global financial meltdown, National Instruments (NI), the US firm which provides information technology software and hardware products, still sees opportunities in Malaysia.
It plans to invest US$80 million in a manufacturing plant over the next five
years.
Managing director for Southeast Asia, Chandran Nair, said the plant in Bayan
Lepas, in the northern state of Penang, is expected to produce mainly hardware
products and will also serve as a research and development (R&D) centre.
The manufacturing plant will start operations in 2010, he said.
Nair said NI currently has two manufacturing plants, with one in Austin, US,
and the other in Hungary, Eastern Europe.
"The Malaysian plant will be the third. All the manufacturing plants are for
worldwide supply," he said.
He was speaking to reporters before officiating the new NI office in
Petaling Jaya Monday.
"We are vitally positioned to continue pushing forward aggressively against
the gloomy economic currents," he said.
"With concrete plans to sustain our strategic R&D investments in 2009, I am
confident that we have all the expertise, latest technologies and tools to help
local companies optimise their application performances," he added.
Nair said the company was expecting some growth in the Malaysian market
despite the global economic conditions.
"For Malaysia we expect medium growth this year and strong growth in 2010,"
he said, adding that the growth areas will be in electronic testing,
telecommunications, wireless technology, aerospace and defence, and factory
automation.
The company recorded a revenue of US$820 million last year.
-- BERNAMA
It plans to invest US$80 million in a manufacturing plant over the next five
years.
Managing director for Southeast Asia, Chandran Nair, said the plant in Bayan
Lepas, in the northern state of Penang, is expected to produce mainly hardware
products and will also serve as a research and development (R&D) centre.
The manufacturing plant will start operations in 2010, he said.
Nair said NI currently has two manufacturing plants, with one in Austin, US,
and the other in Hungary, Eastern Europe.
"The Malaysian plant will be the third. All the manufacturing plants are for
worldwide supply," he said.
He was speaking to reporters before officiating the new NI office in
Petaling Jaya Monday.
"We are vitally positioned to continue pushing forward aggressively against
the gloomy economic currents," he said.
"With concrete plans to sustain our strategic R&D investments in 2009, I am
confident that we have all the expertise, latest technologies and tools to help
local companies optimise their application performances," he added.
Nair said the company was expecting some growth in the Malaysian market
despite the global economic conditions.
"For Malaysia we expect medium growth this year and strong growth in 2010,"
he said, adding that the growth areas will be in electronic testing,
telecommunications, wireless technology, aerospace and defence, and factory
automation.
The company recorded a revenue of US$820 million last year.
-- BERNAMA
