Aratas invests RM259m in advanced manufacturing facility
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Aratas Corp, a member of the Omron Group, is planning to invest RM259 million in the construction of an advanced manufacturing facility at COMPASS @ Kota Seri Langat, Selangor, to bolster its production capacity in response to rising demand in India and the Asia-Pacific region. The Malaysian subsidiary of Omron, Aratas Manufacturing, struck a deal to purchase the 6.87hectare site following a purchase agreement.
This new factory will augment Aratas' production output by 1.5 times its existing capacity, which will account for over 10 percent of the group's overall global production capabilities. Construction is slated to commence in October, pending requisite approvals, with an expected completion and operational target by the end of 2027.
Datuk Stewart LaBrooy, director at COMPASS IP, highlighted the project's significance, emphasizing COMPASS IP's unique positioning as Selangor's inaugural green-rated managed industrial park. The park offers multinational corporations the resilience, connectivity, and ESG-aligned environment necessary to bolster their supply chains and future-proof their operations.
COMPASS IP is a collaboration between Permodalan Nasional Bhd, Area Group, and KWEST Group. The development features the COMPASS Industrial & Logistics Hub and the adjacent COMPASS SME Precinct, which saw substantial occupancy rates upon its completion earlier this year.
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