Kumpulan Perangsang unit to build EMS factory in Penang

KUALA LUMPUR: Diversified group Kumpulan Perangsang Selangor Bhd’s indirect wholly-owned subsidiary, CPI (Penang) Sdn Bhd has acquired a 1.82 ha land in the Bayan Lepas Industrial Park, Penang for RM27.7 million to build an Electronic Manufacturing Services (EMS) factory.
The construction of the factory on the newly-acquired land, which is three times bigger than the land that the company currently has, is expected to start in the first half of 2019 and targeted for completion in 2020.
Kumpulan Peransang CEO Ahmad Fariz said the acquisition would allow CPI to expand its production capacity in order to meet the growing demand in the EMS industry.
CPI is an integrated Engineering Thermoplastics (ETP) and EMS player with global clientele across the automotive, healthcare, telecommunication, as well as industrial and consumer industries.
“The land acquisition is the first step in executing our long-term value creation plan to accelerate CPI’s high-growth phase. With the ever-growing demand in the global EMS industry, we certainly foresee an immense opportunity for CPI to capture,” he said in a statement.
CPI, via its products, has amassed a diverse global clientele, including market leaders and multinational companies.
By 2020, it will be well-positioned to not only capture the anticipated future influx in demand but also extend CPI’s competitive edge across both the ETP and EMS industries. – Bernama