Sunday, 30 Jan 2022 12:24 PM MYT
In a statement, VAT chief executive officer , Mike Allison said the Phase Three extension would substantially increase the company’s production capacity, with an initial investment of about RM321 million between 2022– 2024. Allison added that VAT Manufacturing Malaysia would be the primary supplier for the company’s customers in South Korea, Japan, China and the rest of Asia.
In September 2019, VAT began the second extension of its Penang factory with an investment amounting to RM165 million, covering an area of 24,000 sqm to support the company’s significant growth.
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