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HomeNewsSwiss company LEM opens its first plant in Penang

Swiss company LEM opens its first plant in Penang

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Source: Facebook

LEM, a renowned leader in electrical measurement technology, has opened its new US$17 million factory in Penang, Malaysia, heralding a significant step forward in the realm of advanced manufacturing. Nestled within the Penang Science Park North in Simpang Ampat, this state-of-the-art facility seamlessly integrates cutting-edge manufacturing technology with environmentally friendly designs, embodying LEM’s commitment to innovation and sustainability.

CEO Frank Rehfeld emphasized Penang’s strategic importance as the location for LEM’s inaugural manufacturing plant in Malaysia. In his address at the inauguration ceremony, Rehfeld lauded Penang’s expertise in semiconductor production, a key factor driving LEM’s substantial investment in the region.

The establishment of the new factory aligns with LEM’s ambitious growth strategy, fueled by increasing global demand for its core products: current and voltage sensors. Rehfeld underscored the essential role of LEM’s products in addressing the pressing need for decarbonization across various sectors, including automation, automotive, traction, and renewable energy.

The ceremony was attended by notable figures such as Chief Minister Chow Kon Yeow and Swiss Ambassador to Malaysia Andrea Reichlin, highlighting the significance of LEM’s investment in Penang’s industrial landscape. With plans to employ 500 individuals in the near future, the factory is poised to become a key economic driver, with projected sales exceeding €200 million.

Rehfeld expressed confidence in the transformative impact of the new facility on LEM’s integrated current sensing business, citing the region’s conducive environment for innovation. Future expansion plans, including additional land acquisition and state-of-the-art logistics systems, underscore LEM’s commitment to operational excellence and scalability.

Chief Minister Chow extended a warm welcome to LEM, applauding the company’s dedication to quality and its strategic decision to invest in Penang. He highlighted LEM’s esteemed reputation as a global leader in electrical parameter measurement solutions and emphasized the facility’s role in advancing Penang’s status as a hub for technological innovation.

Chow emphasized the mutually beneficial partnership between LEM and the Penang government, emphasizing shared objectives of sustainable development and economic resilience. The inauguration of LEM’s factory represents a significant milestone in Penang’s journey toward becoming a premier destination for advanced manufacturing, with far-reaching implications for the region’s economic growth and global competitiveness.

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