KUALA LUMPUR, Nov 12 — Gutor Electronic, a leading manufacturer of uninterruptible power supply (UPS) and global specialist in energy management, is investing RM10 million to set up its second manufacturing facility in Shah Alam.
The expansion will double the company’s production capacity and will improve the overall flow of production process and support the growing demand of industrial power protection and energy efficiency management solutions.
Gutor, part of Schneider Electric, operates in more than 100 countries.
Managing Director of Gutor Electronic Asia Pacific Sdn Bhd, Denis Schuler, said the plant has the capacity to build 1,500 systems.
“This year, we have produced 500 systems and we expect the new plant to grow at 20 per cent per year,” he said.
He said the company mainly caters to the oil and gas, power generation and marine industries and is the No.1 industrial UPS manufacturer for the oil and gas and nuclear sectors.
Schuler said the company exported 85 per cent of its production, out of which 60 per cent is to Asia Pacific, 20 per cent to Middle East and the rest to Europe and the American region.
The expansion will provide Gutor with strategic advantage to further provide top-notch services including strategic counsel, training, research and development design, testing and technological know-how to existing and potential clients.
Malaysia serves as the only regional headquarters with a production facility aside from Gutor’s main office in Switzerland.
The company started operations in Malaysia in 1998 with a headcount of ten and is now ready to continue its growth trajectory with 160 employees, all of whom are local talents.
“This year, the company expects to achieve RM200 million in revenue from the plant production in Malaysia,” he said at the press conference after the official opening of the facility by Mohd Ridzal Sheriff, Deputy Secretary-General (Trade), Ministry of International Trade and Industry.
Also present was Malaysian Investment Development Authority (MIDA) Chairman Tan Sri Amirsham A. Aziz.
Amirsham said the economic environment in Malaysia at present is attractive and conducive for investment.
“The existing companies in Malaysia continue to expand and diversify their operations, as reflected in the approvals of 181 expansion/diversification projects with investment worth RM6.3 billion,” said Amirsham.
He added that despite global economic uncertainties, Malaysia has attracted significant level of investments in the manufacturing sector.
For the first eight months this year, a total of 463 manufacturing projects with investments of RM29.9 billion were approved. -- Bernama
