Pensonic Holding Bhd expects the new facilities housing its international manufacturing hub as well as the headquarters of its international distribution network will commence operations in 2013.
Pensonic Chief Executive Officer and Group Managing Director Dixon Chew said the group had recently acquired 2.4 hectares of land on which contruction for the facilities would start in the first quarter of next year.
The new facilities which would also have an innovation centre to serve as a platform for product development, research and development, and training could operate within 12 months after construction began, he told reporters after the company's 17th Annual General Meeting here today.
The project, one of the Entry Point Projects (EPPs) under the federal government's Economic Transformation Programme (ETP) in Penang, would involve an investment of up to RM250 million spread over 10 years, he said.
"It aims to consolidate the manufacturing facilities around the Northern region so as to complete the entire supply chain in order to ensure sufficient output capacity to support current and future growth," Chew said.
He said Pensonic's next key transformation move was to emphasize R&D and prepare for the eventual uplifting of the country's small and medium scale industry and small and medium sized enterprises in manufacturing Malaysian made products.
"We are continuing to invest strongly in hiring new talents and in our employees training and development programmes, and the group also aims to create a powerful momentum to motivate change and a holistic roadmap to go forward," he said.
Pensonic would also constantly explore potential mergers and acquisitions to broaden its capabilities and diversify its operations to serve a wider range of customers because one of the group's key strategies for growth was to transform into a multi-brand concept, Chew said.
Having synergistic businesses to complement the group's existing core competencies would place the group in good stead to capture even more opportunities not only locally but in the global market in the future as well, he said. -- Bernama
Pensonic Chief Executive Officer and Group Managing Director Dixon Chew said the group had recently acquired 2.4 hectares of land on which contruction for the facilities would start in the first quarter of next year.
The new facilities which would also have an innovation centre to serve as a platform for product development, research and development, and training could operate within 12 months after construction began, he told reporters after the company's 17th Annual General Meeting here today.
The project, one of the Entry Point Projects (EPPs) under the federal government's Economic Transformation Programme (ETP) in Penang, would involve an investment of up to RM250 million spread over 10 years, he said.
"It aims to consolidate the manufacturing facilities around the Northern region so as to complete the entire supply chain in order to ensure sufficient output capacity to support current and future growth," Chew said.
He said Pensonic's next key transformation move was to emphasize R&D and prepare for the eventual uplifting of the country's small and medium scale industry and small and medium sized enterprises in manufacturing Malaysian made products.
"We are continuing to invest strongly in hiring new talents and in our employees training and development programmes, and the group also aims to create a powerful momentum to motivate change and a holistic roadmap to go forward," he said.
Pensonic would also constantly explore potential mergers and acquisitions to broaden its capabilities and diversify its operations to serve a wider range of customers because one of the group's key strategies for growth was to transform into a multi-brand concept, Chew said.
Having synergistic businesses to complement the group's existing core competencies would place the group in good stead to capture even more opportunities not only locally but in the global market in the future as well, he said. -- Bernama
