Two US firms plan to expand operations in Malaysia, with Alton Group investing RM500 million in a manufacturing and R&D facility in Johor, set for completion in 2024. Alton aims to invest RM2 billion over seven years. Another unnamed company will invest significantly in Penang. The expansions align with Malaysia's New Industrial Master Plan 2030, boosting the country's status as a global tech hub. Top-Line Furniture Corporation also plans to increase imports from Malaysia to RM230 million annually.2 MAJOR US FIRMS REVEAL PLANS TO EXPAND TO MALAYSIA
Two US firms plan to expand operations in Malaysia, with Alton Group investing RM500 million in a manufacturing and R&D facility in Johor, set for completion in 2024. Alton aims to invest RM2 billion over seven years. Another unnamed company will invest significantly in Penang. The expansions align with Malaysia's New Industrial Master Plan 2030, boosting the country's status as a global tech hub. Top-Line Furniture Corporation also plans to increase imports from Malaysia to RM230 million annually.
