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Kulim Hi-Tech Park Eyes New Investments In Specialised Sector |
Friday, August 26, 2005 |
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Author : Marina Emmanuel
Source : Business Times
Date Posted : 6/8/2005
The Kulim Hi-Tech Park in Kedah is eyeing fresh investment from five companies between now and the year-end as it targets investments from a specialised field of industrial activities.
The park’s operator Kulim Technology Park Corp Bhd is expecting companies engaged in activities that include wafer fabrication, high-technology recycling and advanced semiconductor operations to set up a presence at what is being touted by the Kedah Government as the “Science City of the Future”.
“The five companies include a combination of local small and medium-sized industries and multinational corporations,” its group chief executive officer Datuk Ahmad Shukri Tajuddin told Business Times in Penang.
Since its launching in 1996, Kulim Hi-Tech Park has attracted investments totalling RM21 billion, and the 1,440ha park is home to over 20 companies including Intel, Celestica, Frontken, BCM Corp and wafer fabrication makers Silterra and Hamadatec.
German wafer maker Infineon Technologies plans to invest RM1 billion at the park by this year.
Ahmad Shukri said although the Multimedia Super Corridor Cybercity status for Kulim Hi-Tech Park was approved on June 24 last year, its official launch will be October or November this year.
“As an MSC Cybercity, we expect Kulim Hi-Tech Park to become the cluster for wafer fabrication and related upstream and downstream activities, such as integrated circuit design, photo-masking and to house two more wafer fabrication plants,” he said.
Asked if the de-pegging of the ringgit would impede the flow of foreign direct investments (FDI) to the park, Ahmad Shukri said: “It would not directly impact the flow of FDI to the park as other factors are also taken into account when companies from overseas do their evaluation for investing in the park.
“This includes availability of human resources, infrastructure as well as government policies and incentives,” he said.
Source: MSC website |
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