KUALA LUMPUR, Feb 22 (Bernama) — Leuze electronic GmbH + Co. KG, short: Leuze, one of the world class optical sensor producers, has identified Malaysia for its first production plant in Southeast Asia. During a virtual press conference held recently in January 2021, while presenting the company’s 2020 performance and its outlook for 2021, Leuze made the official announcement of the new manufacturing plant’s opening in Malaysia. The plant is currently under rapid construction phase.
Dato’ Azman Mahmud, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) congratulates Leuze on their significant move to Malaysia for the business expansion. This decision speaks volumes of the confidence Leuze has in Malaysia. MIDA initiated the first contact with Leuze in December 2018. Since then the Malaysian Government through MIDA has been engaging with Leuze‘s team to facilitate the project’s provisions, especially in obtaining the necessary licence approval.