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Wednesday, October 28, 2015

Penang | Silicon Valley of East losing position?

No massive layoffs | State semiconductor and E&E sectors ‘invariably impacted’ by MNC mergers

InvestPenang%20director%20Datuk%20Lee%20Kah%20Choon

GEORGE TOWN: InvestPenang director Datuk Lee Kah Choon expressed confidence that factories in Penang will not see massive retrenchments taking place arising from the mergers of five multinational companies producing semiconductors and electronics components.  

Lee, who estimates some 150 jobs to be affected out of the thousands, said the companies involved were AMD, which had joint venture with Nantong Fujitsu Microelectronic Co, and Motorola Solutions’ manufacturing facility in Bayan Lepas, which had been taken over by Sanmina Corp.  

He said Western Digital and Dell had also acquired SanDisk and EMC respectively while Amphenol would close one part of its business here.  

“Mergers and acquisitions are commonly carried out nowadays not only to consolidate operations but to increase market share and technology synergies. This is happening globally in the semicon and E&E (electrical and electronics) technology companies.  

“Penang, as an electronic hub with its many international companies, is invariably impacted,” he said at a press conference here yesterday.  

Lee was responding to recent news reports that Penang might lose its position as the Silicon Valley of the East following news of relocations, mergers, retrenchment and even plant closures involving several major foreign electronic players in the state.  

According to a report in a local daily, the series of moves, despite earlier reports of injections of tens of millions of ringgit in investment by two Chinese entities (namely JA Solar, JinkoSolar) in six months, will affect more than 1,000 employees.  

Lee said the acquisition of business did not equate to sacking of employees. “Restructuring exercises will be carried out but it is more to making the business profitable and the expansion of technological manufacturing processes. “Even if there is massive unemployment, these workers can be easily absorbed by other companies here. We are in a better position now to weather any possible unemployment scenario,” he said.  

On German stereo system maker Blaupunkt and HGST, a subsidiary  of Western Digital, Lee denied these companies would either close down, relocate or retrench their workers. “I have been in close contact with Blaupunkt and they do not have any intention to do any retrenchment," he said.  He described Penang’s investment as “healthy”, adding that the state had been ranked in the top five bracket for the past seven years.  

“It is very important for us to bring in the technology to support the supply chain that Penang has already developed.  “We also want investments to create high-income jobs for Malaysians in order for us achieve the national objective of becoming high-income nation in 2020,” he said.

Source | StarBiz

Related articles:

Cause for concern: Is Penang on the cusp of losing its position as the Silicon Valley of the East following news of relocations, mergers, retrenchment and even plant closures involving several major foreign electronic players in the state? What's your opinion? (Before you form your opinion do read through the related articles above)

Boldly go. LLAP

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Saturday, October 10, 2015

Penang Property Talk | Sell Buy Rent And Lease Property In 5 Easy Steps

Penang Properties | Factory | Warehouse | Land | Commercial Building | Bungalow | Condominium | Apartment | House | Storage Space | Cold Storage Room | For Sale, Lease And Joint Venture In Penang Malaysia. 

Penang%20Properties%20%7C%20Factory%20%7C%20Warehouse%20%7C%20Land%20%7C%20Commercial%20Building%20%7C%20Bungalow%20%7C%20Condominium%20%7C%20Apartment%20%7C%20House%20%7C%20Storage%20Space%20%7C%20Cold%20Storage%20Room%20%7C%20For%20Sale%2C%20Lease%20And%20Join%20Venture%20In%20Penang%20Malaysia.

Step 1: Industrial Property location in Bayan Lepas, Butterworth, Seberang Perai, Juru, Bukit Mertajam, Bukit Minyak, Bukit Tengah, Simpang Ampat, Batu Kawan, Penang Science Park, Nibong Tebal, Jawi, Sungai Bakap, Kepala Batas, Kilang Perindustrian, Industri Kecil dan Sederhana (IKS) Pulau Pinang, Malaysia.

Step 2: Type of Penang Small Medium Enterprises (SMEs) factories for sale and to let: Secure storage space, warehouses, light industry, medium industry and heavy industry.

Step 3: Type of industry: Renewal Energy (RE), electrical, electronics industries, printing, plastic injection moulding, automobile service, engineering, warehousing, showroom gallery, storage and locker space, cold storage room. 

Step 4: Type of storage: Secure storage space and cold storage warehouse Penang cover northern region of Malaysia.

Step 5: Type of transaction: Selling, buying, renting, leasing and joint venture (JV).

Enquire about a property? Please quote the property and location. 

Note 1: For renting, the calculation is based on Build Up Area or Nett Lettable Area(NLA) in sq ft unless specify.

If you can't find the property that you want, talk to us. You can also call us if you've property in Penang to sell or to let. "You Call, We Match." Please contact Mr Vulcan Lau, mobile no.: +6 016 451 1321

This list is last updated on 5 Jan 2016.

Note 2: Persons responding to this listing are not required to pay any estate agency fee whatsoever for properties referred to in this listing.

 Property LocationPrice For Sale (RM)Price For Rent (RM)Land Area
(sq ft)
Build Up Area(sq ft)  Remark
Batu MaungRM12 milRM2.00 psf19,86516,167 
2. Semi-detach factoryBatu MaungRM12 mil RM2.00 psf 20,078 16,167  
3. WarehouseMak Mandin  - RM1.10 psf 2,500 2,500 Height:19 ft 
4. Warehouse Mak Mandin  - RM1.10 psf6,400 6,400 Height:15 ft 
5. Warehouse Mak Mandin  - RM1.10 psf3,930 3,930 Height:16 ft 
6. Factory with warehouse Bukit Minyak RM20 mil RM0.90 psf 3 acres 93,535  
7. 3-storey villaBukit Jambul RM3.8 mil  - 9,500 9,000  
8. LandBalik Pulau RM6 mil RM80 psf 1.73 acres - Joint venture
9. 2-storey bungalowScotland Rd RM7.3 mil  - 10,800 4,700 Bed:5,Bath:5
10. 3-storey terrace house Sungai AraRM990,000 -1,8403,000Bed:4,Bath:3
11. 2-storey bungalowJln Sultan Ahmad Shah -RM21,000/mth13,2504,000Commercial
12. LandBatu Maung -RM0.60 psf1.49 acres -Parking lorry, tractor
13. 3-storey terrace house Minden HeightRM1.68 mil -2,1072,065Bed:4,Bath:4
[White Lily]
14. BayStar CondoBayan BayRM1.25 mil  - -1,560Bed:3,Bath:3
Full reno 
15. Scott Residences Macalister RdRM2.25 mil - -2,750Bed:3,Bath:3
16. 4-storey villa [Moonlight Bay]Batu FerringhiRM2.5 mil  -2,500 4,500 Bed:4,Bath:4 
17. 2-storey semi-detach houseTaman Jesselton -RM4,000/mth4,7252,699 Bed:4,Bath:4 
18. 2-storey semi-detach houseJalan Gajah  -RM3,800/mth4,300 2,035 Bed:4,Bath:4 
19. 2-storey semi-detach house[Leasehold] Gelugor RM400,000  - 1,845 1,200 Bed:3,Bath:2 
20. Flamingo CondoGreenlane RM640,000 RM1,400/mth  - 1,100 Bed:3,Bath:2
21. Cold storage room Mak Mandin  -RM2,109/mth  -3,013
cu ft 
RM0.70/cu ft 
22. Duplex Condo (New)Gurney DriveRM6 mil - -5,737Bed:5,Bath:5 
Full reno
23. LandWestern Rd RM46.3 mil  -1.33 acres -Residential 
24. Bkt Dumbar Permai Apt Bkt Dumbar RM580,000  - -990Bed:3,Bath:2 
25. Sierra Residences (New)Relau RM530,000  - -1,000Bed:3,Bath:2 
26. Single storey bungalowPulau Tikus RM9 mil  -13,5006,000 Bed:6,Bath:3 
27. Factory / WarehouseSungai Lokan -RM1.10 psf -19,000Height:35 ft
28. 3-storey bungalow [Brook Residences]Brook Road RM6.93 mil  -6,024 5,423 Bed:4,Bath:5
Private Swimming Pool 
29. Commercial shop @ Burmah Rd Burmah Road  -RM5.00 psf 12,000 10,000 Commercial
Car park:10 
30. Warehouse Mak Mandin  -RM1.10 psf 5,7455,745 Height:16 ft 
31. Cold storage roomMak Mandin  -RM4,846/mth - 6,923 cu ft RM0.70/cu ft 
32. Cold storage room Mak Mandin  -RM4,567/mth  - 6,525 cu ft RM0.70/cu ft
(2 units) 
33. Arena Corner
[3-storey commercial shoplot]  
Bayan Baru  -RM8,000/mth  -1,100/floor Commercial shoplot for Arena Residences 

Boldly go. LLAP

Interested please contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational http://VulcanInternational.blogspot.com

Note: If you've factory / warehouse / land / commercial building / condominium / apartment / house for sale / to let or intent to buy / rental, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer / tenant or seller / owner for you from our MLS.

You're welcome to write your constructive comment below.