PENANG, Malaysia--(BUSINESS WIRE)--Jabil Circuit, Inc. (NYSE: JBL), a global provider of design, engineering manufacturing and supply chain solutions, has secured approval from the Penang State government in Malaysia to purchase 20 acres of land at the Batu Kawan Industrial Park to support expansion plans. The agreement was officially signed today in a ceremony involving representatives from Jabil, led by Mr. Ong Kay Chong (KC Ong), Senior Vice President, Operations, Electronic Manufacturing Services and Mr. Lim Guan Eng, Chief Minister of the state of Penang.
The new site will focus on manufacturing products for the Enterprise, Industrial, Medical and Aerospace sectors. Jabil plans to further develop the Jabil Penang facility to support the company’s growth strategy in the region.
“We are very excited that the Penang government is supporting our expansion, which marks an important new milestone for Jabil in Malaysia and the wider Asia-Pacific region,” said KC Ong. “We expect to see incremental revenue growth in the state of Penang within the next five years, creating 2,500 skilled jobs locally. This will be a major boost to Penang’s supply chain and skills development efforts.”
Jabil cited a wide range of reasons for selecting Penang to expand its Malaysia operations, including the local availability of highly skilled talent; the mature local supply chain, which boasts around 3,000 well-developed suppliers from a variety of sectors; and the region’s excellent utility services.
“The Batu Kawan Industrial Park is an ideal location for building Jabil’s presence in the region,” said KC Ong. “In addition to being a high-tech manufacturing hub, the Penang State Government via Invest Penang and the Penang Development Corporation is very helpful and proactive in offering solutions to multinationals conducting businesses in Penang and the Federal Government via the Malaysian Investment Development Authority, Ministry of International Trade and Industry, Ministry of Human Resources, and the Northern Corridor Economic Region is very supportive of Jabil’s investment in Penang.
The agreement, which entitles Jabil to purchase a further 20 acres of land in the future, will provide the company with a total build-up area of one million square feet. Construction on the new facilities is expected to start in the second half of 2016.
About Jabil
Jabil is a global product solutions company providing comprehensive services to electronics and technology companies in a broad range of industries. Jabil helps customers turn ideas into products with its wide breadth of design, manufacturing and product management capabilities; allowing customers to think beyond their conventional marketplace and explore new opportunities. Jabil brings customer products to the market faster and more cost effectively by providing intelligent digital supply chain solutions around the world; empowering companies to be the change agents in their industries. Headquartered in St. Petersburg, Florida, Jabil has 90 facilities in 24 countries and 180,000 employees worldwide. The company's common stock is traded on the New York Stock Exchange under the symbol "JBL." Further information is available at www.jabil.com.
