Neways to Establish New Plant in Malaysia to Expand Production Capacity
Neways Expanding Reach in Asia
Neways, a vital supplier to ASML, the Dutch computer chip equipment manufacturer, has announced plans to construct a new facility in Klang, Malaysia. This move is set to bolster the company’s presence in Asia, complementing its existing plant in Wuxi, China. The new plant is expected to commence operations in the fourth quarter of 2024.
Focus on Advanced Modules and Cabinets
The new plant in Malaysia will be dedicated to the development and production of cutting-edge modules and cabinets for leading players in the semiconductor industry. This strategic decision aims to cater to the growing demand for advanced technology solutions in the semiconductor sector.
Investment and Workforce Expansion
Although the exact investment size remains undisclosed, Neways plans to scale up its operations in Malaysia by expanding its workforce to 200 employees. The company’s spokesperson highlighted the company’s commitment to growth and innovation in the region.
Strategic Location Choice
Malaysia was chosen as the location for the new plant due to its well-established ecosystem and mature semiconductor supply chain. This decision underscores the country’s conducive business environment and strategic advantages for companies operating in the semiconductor industry.
Neways’ Key Role in the Semiconductor Sector
Neways, known for its expertise in producing electrical control units, power controls, and wiring systems, plays a crucial role in supporting ASML’s lithography products. The company’s acquisition by investment firm Infestos in 2021 has further solidified its position in the industry.
Enhanced Production Capabilities
The expansion into Malaysia signifies Neways’ commitment to enhancing its production capabilities and meeting the evolving needs of the semiconductor market. By leveraging the country’s resources and infrastructure, the company aims to strengthen its foothold in the region.
