US-based Alton Industry to invest RM2b in Malaysia over next seven years

KUALA LUMPUR, Sept 20 — United States-based Alton Industry Ltd Group is expanding its manufacturing and research and development base into Malaysia, and plans to invest over RM2 billion here in the next seven years.

“Once completed, Alton is poised for continuous expansion to bolster production capacity and cater to the diverse and ever-growing demand of its global customer base,” he said in a statement following his meeting with Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz in New York.“This new facility will enable us to support our global customers and allow expansion to other markets quickly.

Meanwhile, Tengku Zafrul welcomed Alton’s significant global expansion, along with their Phase 1 investment commitment of RM500 million. He added that the investment also aligns perfectly with Malaysia’s recently launched New Industrial Master Plan 2030, which aims to create an investment-friendly environment and rapidly embrace technology to elevate the manufacturing sector’s ecosystem

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