Its president and CEO Dr Heinrich von Pierer said RM3 billion would be used to expand its Infineon semiconductor plant in Malacca while RM420 million in its Osram semiconductor plant in Penang.
"With the investments, Siemen's Malaysian operations will be able to increase its workforce from 7,000 to 10,000 employees in two years. This shows our confidence and trust in the country. We are very optimistic about our future here,'' Pierer said in a report by Star Business today.
The Siemens operations are estimated to contribute US$1 billion (RM3.8 billion) to the trade surplus of Malaysia by the end of this year.
Pierer said Siemens, which had participated in several larger power generation projects in Malaysia like the Paka and Pasir Gudang power stations, hoped to secure more contracts in telecommunications and infrastructure development.
Siemens' investments in Malaysia were because of the country's conducive investment environment, stability, inexpensive and skilled labour force who were able to meet the stringent quality standards set by the German industrial powerhouse, Pierer added.
Play video
There are currently no comments for this post.