investPenang | Press Statement | Merges And Acquisitions On Current Industry

Penang State's investPenang has came out with facts and figures including information on employment to clear the air on what's going on with the current industrial merges and acquisitions as in press statement published in Mutiara Buletin Issue of Nov 1-15, 2015 as below:

investPenang director Datuk Lee Kah Choon

PRESS STATEMENT—CURRENT INDUSTRY M&A                   [investPenang]

27 Oct 2015

1. As the State's investment promotion agency, investPenang wishes to address the current spate of on-line news and speculations regarding corporate movements of a few semiconductors / E&E (Electrical and Electronic) multinationals in Penang.

2. In today's industries and business, mergers and acquisitions are commonly carried out not only to consolidate operations but also for other reasons such as increase in market share and technology synergies. This is happening globally in the semicon and E&E (Electrical and Electronics) technology companies and Penang, as an electronic hub, with its many international companies, is invariably impacted.

3. In 1H 2015 alone, globally, $72.6 billion worth of M&A (mergers and acquisitions) were announced. This was more than four times the value of M&A reported in fiscal 2014. The 3 major M&A include:

- $37 billion acquisition of Broadcom by Avago

- $16.7 billion acquisition of Altera by lntel

- $11.8 billion acquisition of NXP Semiconductor by Freescale.

4. In Penang, 5 multinationals recently announced their M&As:

[a.] AMD joint venture with Nantong Fujitsu Microelectronic Co.

85% share in AMD's manufacturing sites in Penang and Suzhou, China were sold to Nantong Fujitsu Microelectronics for $371 million cash; with AMD retaining 15% stake. The manufacturing site in Penang will remain in operation. The JV is the “latest step in AMD's strategic transformation to further sharpen focus and operations on designing high-performance products." The company announced that "there are no planned workforce reductions in Penang AMD facility”. The deal expected to be closed first half 2016, as long as regulatory and other  approvals are obtained.

[b.] Sanmina Corp to take over Motorola Solutions’ manufacturing facility in Bayan Lepas.

Motorola's manufacturing in Technoplex facility will be taken over by Sanmina Corp, a leading integrated manufacturing service provider; whilst it focuses on R&D in Penang. They confirmed that the "sale does not change Motorola's commitment in Malaysia" and ”allows Motorola Solutions to deliver best in class service to its partners and customers”. They also reported in a local press on Oct 14th, 2015 that the "transfer does mean there will be a reduction in staffs". Employees will be transferred to Sanmina at no lesser terms than what they currentlv have. The transaction is expected to be finalized by early 2016.

[c.] Western Digital acquiring SanDisk

WD announced on 21 Oct 2019, its plan to acquire SanDisk for $19B cash and stock. The deal is scheduled to be closed by Q3 2016. There are currently 1042 employees in SanDisk Penang.

[d.] Amphenol to close one part of its business.

Amphenol is consolidating its mobile consumer products division in Asia Pacific, closing one of its plants in Penang. 150 employees will be affected. The Company will continue manufacturing of high speed connectors in 2 other plants in Penang, employing 800 staffs.

[e.] Dell acquired EMC at $67billion

Acquisition, announced on 12 Oct, 2015, was made to ‘evolve the company into the most relevant areas where lT is moving’.

From the above, it can be seen that only 150 jobs in Penang are affected. More job consolidation could be happening due to other M&As but there are no news of closure to date. Corporate movements will impact Penang, as host to many MNCs, and also other States in Malaysia.

5. In Penang, investments in the manufacturing sector remain robust. Recently, Jinko Solar as well as JA Solar, both multinational Chinese companies, started operations in Penang offering a total of 1,900 jobs. HP is currently constructing their factory in Batu Kawan and will employ 1,000 staff when it is in full operation. Overall, according to MIDA (Malaysian Investment Development Authority) , a total of 17,896 new jobs will be created in Penang via approved investments in 2014 and 13,199 new jobs via approved investments in 1H 2015.

6. Penang managed to attract RM48.2 billion worth of investments from 2008 to 2014, which is 93% higher than the RM24.9 billion invested on a similar 6 year period from 2001 to 2007.

7. In addition to manufacturing, the services sector, especially Global Business Services and Shared Services Outsourcing continues to offer high value job opportunities. HP recently started a finance centre at PDC Technoplex. Others include Osram‘s GBS center employing 150 staff and Jurong Engineering Design Center with 200 staff.

8. The Penang Career Assistance and Talent (CAT) Center continues to provide assistance to job seekers and employers looking for right candidates. As at 26 Oct, 2015, a total of 3,246 vacancies in Penang can be found in job portals linked to the CAT Centre.

9. The State government via investPenang is working closely with companies that have made announcements to assist and smoothen transition. However, for companies that have yet to make any official statements, due to confidentiality requirements at this stage or other reasons, whenever they can, we urge them to clarify matters to quell the spread of rumours. Further updates and clarifications will be given by investPenang when necessary.

10. As an international city where many multinationals are located, Penang will be subjected to vagaries of global business trends directly. We however remain positive in facing these challenges and steadfast in assisting all our investors and employees.

Source | Mutiara Buletin

You should also read related articles:

Penang | Silicon Valley of East losing position?

Adios Fairchild Semiconductor (Malaysia) Sdn Bhd

Malaysia | investPenang | Penang Capital Investments 1QFY2015 In One Easy Step (Infographic)

Malaysia | investPenang | Penang State's Capital Investments From 2010-2014

Malaysia | Exclusive Penang Factory/Warehouse Rental and Sale Price Report FY2014/2015

Malaysia Investment | investPenang | PSDC | PDC | IT-BPO | 5 Reasons For Penang FDI Moving Forward?

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 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

More details: http://vulcaninternational.blogspot.com .

You're welcome to write your constructive comment below.

Penang For Sale 11 Brook Residences | The Evolution

11 Brook Residences, Penang is luxury bungalow type which comprises of 11 bungalows with high wall gated and guarded community. Located at Brook Road (Off Jesselton Road). It enclave a stone's throw away to the prestige Penang Turf Club (PTC) that incorporated with golf section and equestrian club which was established in 1864 and Taman Jesselton which is well know for its tranquility and lush greenery. The project sits on 2.1 acres of land with very low density of 5 bunglows per acre and it acquires Gold GBI (Green Building Index). To know what is GBI refers to Question on GBI section. It's one of the hotspot masterpiece property in Penang Island.

11 Brook Residences, Penang is luxury bungalow type which comprises of 11 bungalows.

11 Brook Residences | Race course view.

A stone's throw away to the prestige Penang Turf Club (PTC).

This is last opportunity for you to own one of the luxury bungalows for sale. It has private garden and swimming pool for you and your family to enjoy. The 3-storey bungalow is internally service by lift and is facing race track view. 

View To Appreciate. 

For private viewing, do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS. Interested party do 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/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our Multiple Listing Service .

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. 

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 3 December 2015. To check revised updated listing: 

http://vulcaninternational.blogspot.my/2015/10/penang-property-talk-sell-buy-rent-and_10.html

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	Location	Price For Sale (RM)	Price For Rent (RM)	Land Area (sq ft)	Build Up Area(sq ft)	Remark
1. Semi-detach factory	Batu Maung	RM12 mil	RM2.00 psf	19,865	16,167
2. Semi-detach factory	Batu Maung	RM12 mil	RM2.00 psf	20,078	16,167
3. Warehouse	Mak Mandin	-	RM1.10 psf	2,500	2,500	Height:19 ft
4. Warehouse	Mak Mandin	-	RM1.10 psf	6,400	6,400	Height:15 ft
5. Warehouse	Mak Mandin	-	RM1.10 psf	3,930	3,930	Height:16 ft
6. Factory with warehouse	Bukit Minyak	RM20 mil	RM0.90 psf	3 acres	93,535
7. 3-storey villa	Bukit Jambul	RM3.8 mil	-	9,500	9,000
8. Land	Balik Pulau	RM6 mil	RM80 psf	1.73 acres	-	Joint venture
9. 2-storey bungalow	Scotland Rd	RM7.3 mil	-	10,800	4,700	Bed:5,Bath:5
10. 3-storey terrace house	Sungai Ara	RM990,000	-	1,840	3,000	Bed:4,Bath:3
11. 2-storey bungalow	Jln Sultan Ahmad Shah	-	RM21,000/mth	13,250	4,000	Commercial
12. Land	Batu Maung	-	RM0.60 psf	1.49 acres	-	Parking lorry, tractor
13. 3-storey terrace house	Minden Height	RM1.68 mil	-	2,107	2,065	Bed:4,Bath:4 [White Lily]
14. BayStar Condo	Bayan Bay	RM1.25 mil	-	-	1,560	Bed:3,Bath:3 Full reno
15. Scott Residences	Macalister Rd	RM2.25 mil	-	-	2,750	Bed:3,Bath:3
16. 4-storey villa [Moonlight Bay]	Batu Ferringhi	RM2.5 mil	-	2,500	4,500	Bed:4,Bath:4
17. 2-storey semi-detach house	Taman Jesselton	-	RM4,000/mth	4,725	2,699	Bed:4,Bath:4
18. 2-storey semi-detach house	Jalan Gajah	-	RM3,800/mth	4,300	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 Condo	Greenlane	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 Drive	RM6 mil	-	-	5,737	Bed:5,Bath:5  Full reno
23. Land	Western Rd	RM46.3 mil	-	1.33 acres	-	Residential
24. Bkt Dumbar Permai Apt	Bkt Dumbar	RM580,000	-	-	990	Bed:3,Bath:2
25. Sierra Residences (New)	Relau	RM530,000	-	-	1,000	Bed:3,Bath:2
26. Single storey bungalow	Pulau Tikus	RM9 mil	-	13,500	6,000	Bed:6,Bath:3
27. Factory / Warehouse	Sungai Lokan	-	RM1.10 psf	-	19,000	Height:35 ft
28. 3-storey bungalow [Brook Residences]	Brook Road	RM6.93 mil	-	6,024	5,423	Bed:4,Bath:5 Private Swimming Pool

Boldly go. LLAP

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

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

You're welcome to write your constructive comment below.

3 Reasons Penang Industrial Warehouse | Commercial Office Space For Rent

We're bring to you another B2B (Business-to-Business) space for rent / lease. The industrial warehouse / commercial office space for rent is for you to manage your own industry warehouse or commercial office real estate. 

The unique feature of this type of self managed storage space is that it equips with alarm system that has 3 channels and are capable to inform you and your workers through your cellphone if there is any break-in to your warehouse or office that been rented. Outside the premises are equipped with 24-hour CCTV for monitoring of any movement. There's security guard as well. In essence the industrial warehouse and commercial office are the safe place for you to conduct your business. There is insurance coverage as well.

It comes with two sizes:

Type	Build Up	Remarks
1	600 sq ft	Alarm system, fan and lightings are been provided.
2	750 sq ft	Alarm system, fan and lightings are been provided.

As for B2C (Business-to-Consumer), you can use it to store large items like furnitures.

This new segment is to meet the demand for B2B (Business-to-Business) and B2C (Business-to-Consumer). According to wikipedia, B2B describes as commercial transactions entity between businesses and B2C is transaction done with individual and groups of people.

What's the advantage of having your business with us?

1. You can start your business right away.

2. For B2C, the extra storage space means an extension to your current space that you need to store away your valuable goods. It also could be used as temporary storage during your relocation or shifting when you acquire new home.

3. Best of all, with small premium been paid for insure your goods.

This new storage box is an extension to Space Rental Box | Secure Self Storage Concept that was launched previously and exclusively for you in Penang.

Industrial warehouse / commercial office space for rent or lease.

Extra space rental.

Alarm system that has 3 channels.

Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.Private viewing can be arranged. Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our Multiple Listing Service .

Penang Factory | Sungai Lokan Factories | Warehouse For Rent

The availability of new warehouse / factory for sale / rental in Taman Perusahaan Sungai Lokan, Butterworth to cater for Industrial Estates (Kilang Perindustrian, Industri Kecil dan Sederhana (IKS) Pulau Pinang, Malaysia) in Butterworth, Penang mainly to serve Kawasan Perindustrian Mak Mandin, Kawasan Perindustrian Teras Jaya and Taman Perusahaan Sungai Lokan shows that there are demand for it. 

Butterworth is the main town for Seberang Perai Utara (SPU) and it complements Georgetown in Penang Island as transportation hub where one can access to railway network, seaport, bus terminal, North Butterworth Container Terminal (NBCT). These infrastructures are essential to The Federation of Malaysian Manufacturers' (FMM) Penang branch whose membership comprises of manufacturers (MNCs) and companies registered in Malaysia.

One of the warehouses / factories that newly built and is available for sale / rental is:

Warehouse / factory for sale / rental in Kawasan Perusahaan Sungai Lokan, Butterworth

Location: Taman Perusahaan Sungai Lokan (Off North-South Expressway), Butterworth

Build Up: 19,000 sq ft

Ceiling Height: 35/30 ft

Floor Loading: Heavy duty type

Remark: 40' truck is accessible

Private viewing can be arranged. Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.Private viewing can be arranged. Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our Multiple Listing Service .