by
Joan Trombetti, Writer | January 07, 2009
St. Jude Medical, a medical device company, plans to invest $30 million in Penang (on the north-west coast of Peninsular Malaysia).
According to Chief Minister Lim Guan Eng, the investment will cover a 300,000 sq ft facility in Penang Island in the first phase of the company's expansion.
The new facility in Penang will house both an administrative office and a manufacturing plant.
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Lim said work on the new facility is expected to start this year while the operation is expected to take off in 2011.
During a press conference Lim said that once all regulatory approvals are received, St Jude Medical products are expected to be rolled out from the Penang facility in the 2011 time frame. He added that the Penang facility is projected to provide employment opportunities to 300 residents of Penang in its first year of operation ... the facility may continue to expand to create more than 1,000 jobs for the people of Penang and Malaysia.
St Jude Medical plans to initially expand the production of their Cardiac Rhythm Management products in the Penang facility.
See also:
https://www.dotmed.com/news/story/7817/
