KUALA LUMPUR: Cisco Systems, a US-based technology company will be increasing investments at its Malaysian plant, said country manager Albert Chai.
He said that this was due to higher demand for technology as well as digitisation adaptation.
“Our plant in Penang is one of the five manufacturing hubs which contribute a substantial amount to the total manufacturing output from Cisco’s multi-billion global market share,” he told a media briefing on Malaysia’s small medium enterprises edging towards the next stage of digital maturity.
Albert said from its establishment in 2005, the plant now employs directly and indirectly 5,000 employees, with 99% being locals.
“Over the years, the number of employee has steadily grown. Despite the global slowdown in the manufacturing sector, we are optimistic of continuing to perform, as we produce high value products,” he added.
With the additional investments, Cisco will also increase its production lines to include many other value added services.
“Our business is growing at a robust rate and we are confident of recording double-digit growth for our financial year 2020,” Albert said.
He also said Malaysia had the right skill-sets, especially in the electrical and electronics sector, that is needed to push the industry forward. — Bernama
Photo Credit: The Star