Click here to view more photos

November 18, 2024 – Keyto MY Sdn. Bhd., a subsidiary of Shenzhen Keyto Fluid Technology Co. Ltd., today officially inaugurated its cutting-edge fluid technology manufacturing plant in Batu Kawan, Penang. This significant investment underscores Malaysia’s growing importance as a global manufacturing hub, with Keyto MY’s new facility positioned to enhance the country’s industrial capabilities and diversify its high-tech manufacturing sector. The plant is expected to generate projected sales revenue of RM 65 million over the next three years, reflecting robust growth potential.

The grand opening ceremony was attended by key dignitaries, including YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of the Malaysian Investment Development Authority (MIDA) Penang; Mr. Zhou You Bin, Chinese Consul General in Penang; and Mr. Zhang Cheng, Chairman of Shenzhen Keyto Fluid Technology Co. Ltd.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, stated, “With a legacy of five decades of industrialisation and a reputation for innovation and technological excellence, the state offers a thriving industrial ecosystem that naturally attracts investors.” He further added, “It is with great pride to note that Keyto MY marks not only the company’s first presence in Malaysia, but also Keyto’s first overseas manufacturing plant, located in Southeast Asia.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, welcomed Keyto MY’s investment, highlighting the critical role of foreign investment in driving Malaysia’s industrial development. He stated, “The launch of Keyto MY’s facility marks a significant milestone for Malaysia’s economy at large, aligning with the strategic vision of the New Industrial Master Plan (NIMP) 2030 to drive industrial growth and technological advancement. By focusing on high-precision components and fluid technology, this investment will not only attract additional foreign investments, but also fosters innovation, creates high-quality job opportunities for Malaysians, and strengthen our position in the global value chain. MIDA remains committed to supporting companies like Keyto MY to solidify Malaysia’s position as a global leader in fluid technology manufacturing.”

The new manufacturing facility, covering over 3,540 square meters, will focus on the production of fluid management systems and precision components, essential for applications in medical devices, life science instruments, and environmental monitoring systems. With a focus on meeting the increasing demand in these sectors, the plant will play a key role in strengthening Malaysia’s position in the global market for advanced fluid control solutions. The facility’s projected sales revenue of RM 65 million over the next three years highlights the strong market potential and demand for high-precision fluid technology.

Mr. Zhang Cheng, Chairman of Shenzhen Keyto Fluid Technology Co. Ltd., emphasized the strategic importance of the Batu Kawan facility in Keyto’s global expansion strategy. “This new plant marks a significant milestone in our global growth,” stated Mr. Zhang. “Malaysia’s strategic location, coupled with its skilled workforce and business-friendly environment, provides us with the ideal platform to deliver advanced fluid technology solutions to customers worldwide.”

The first phase of the facility will focus on manufacturing a range of fluid management solutions, including high-performance pumps, valves, and fluid systems. With Malaysia’s growing strength in high-tech manufacturing, Keyto MY is well-positioned to become a critical player in the region’s supply chain for fluid technology, meeting the rising demand for advanced systems across multiple industries.

As a subsidiary of Shenzhen Keyto Fluid Technology Co. Ltd., a company with a solid international presence, Keyto MY Sdn. Bhd. brings extensive expertise, industry knowledge, and a global perspective to drive both local and international business success. The plant will feature innovative technologies aimed at maximizing production efficiency, maintaining rigorous quality control, and ensuring sustainable manufacturing practices.

The long-term impact of Keyto MY’s presence in Penang goes beyond industrial growth. “Our investment is not just in physical infrastructure; it’s about empowering Malaysia’s next generation of engineers and professionals,” noted Mr. Zhang Cheng. “We are committed to nurturing local talent, fostering innovation, and contributing to the development of a sustainable high-tech ecosystem.”

Penang’s strategic advantages—its well-established industrial base, skilled workforce, and proximity to key global markets—make it an ideal location for high-tech industries. The Keyto MY investment aligns with Malaysia’s ongoing efforts to diversify its economy and elevate its position in the global high-tech manufacturing landscape.

– END –

About MIDA
MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram and Facebook, LinkedIn, TikTok and YouTube channel.

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel; TikTok.

About Keyto MY Sdn. Bhd.
Keyto MY Sdn. Bhd., a subsidiary of Shenzhen Keyto Fluid Technology Co. Ltd., is a leading manufacturer and supplier of high-precision microfluidic control components and advanced fluid management systems. The company specializes in providing innovative solutions that are crucial in medical devices, life science instruments, and environmental monitoring systems—industries where precise fluid control is essential for optimal performance and reliability.

With a robust engineering foundation, Keyto MY designs and manufactures fluid management systems that ensure the accurate and efficient handling of liquids in complex and critical applications. The company’s product range includes high-performance pumps, valves, and fluidic components, which are integral to ensuring the functionality and safety of equipment in various fields.

Dedicated to innovation, sustainability, and quality, Keyto MY employs advanced manufacturing techniques and stringent quality control to deliver solutions that meet the highest standards. The company is committed to advancing fluid technology and supporting the growth of high-tech industries worldwide.

As part of Shenzhen Keyto Fluid Technology Co. Ltd.’s broader global strategy, Keyto MY Sdn. Bhd. aims to expand its influence as a regional leader in fluid technology. By combining cutting-edge technologies with a strong focus on customer-centric solutions, the company is poised to meet the increasing demand for reliable, high-precision fluid control systems in critical sectors.

For more media inquiries, please contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division
Email: zakiah@mida.gov.my
Tel.: +603-2267 6769

InvestPenang
Elaine Cheah / Arief Ferdaus
Communications & Business Intelligence
Email: elaine@investpenang.gov.my / arief@investpenang.gov.my
Tel: +604-646 8833

Keyto MY Sdn. Bhd.
Mr. Teoh Kee Hock
Director
Email: khteoh@keyto.com
Tel: 019-717 5661