British company expects to create up to 800 new jobs over the next five years
PENANG, Nov. 19, 2019 – The Penang government and Smith+Nephew, the global medical technology business, are pleased to announce that Batu Kawan Industrial Park at Penang, Malaysia, has been selected as the location for a new Smith+Nephew high technology manufacturing facility.
The new facility will primarily support Smith+Nephew’s Orthopaedics franchise, which has been growing strongly in the Asia Pacific region.
Mark Gladwell, President of Global Operations at Smith+Nephew, said: “Penang provides a great balance of manufacturing expertise, stable economy, established infrastructure, long history of foreign direct investment and established supply chain. Investing in Malaysia gives us a new presence close to our highest growth markets and enables Smith+Nephew to be part of a growing medical device centre of excellence.”
The Right Honourable Chief Minister of Penang, Chow Kon Yeow, said: “The medical devices industry is playing an increasingly important role in Penang over the past 10 years. Thanks to 50 years of industrial experience and a robust supply chain, Penang’s supporting infrastructure is capable of meeting the stringent demands of the highly-regulated medical devices industry. The well-connected industry ecosystem is one of the State’s key competitive advantages in attracting high quality medical technology and devices investments. With the addition of Smith+Nephew, Penang is poised to further entrench itself as a hub for the medical technology and devices industry.”
The new facility will initially be 250,000 sq. ft., with the opportunity to expand in the future if required. Construction is expected to begin in early 2020, with first production batches shipped before the end of 2022.
Smith+Nephew expects to create up to 800 jobs over the next five years, including roles in manufacturing, engineering and supply chain. Recruitment is planned to begin in 2020, with positions advertised locally.
The cost of the project has not been disclosed.
InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously injecting business activities in the State through foreign and local investments, including the spawning of viable new growth centres. To support the realization of its objectives, InvestPenang also runs initiatives like SMART Centre (to assist SMEs), Penang CAT Centre (to assist talents) and @CAT Penang (to assist start-ups).
Smith+Nephew is a portfolio medical technology business that exists to restore people’s bodies and their self-belief by using technology to take the limits off living. We call this purpose ‘Life Unlimited’. Our 16,000+ employees deliver this mission every day, making a difference to patients’ lives through the excellence of our product portfolio, and the invention and application of new technologies across our three global franchises of Orthopaedics, Advanced Wound Management and Sports Medicine & ENT. Founded in Hull, UK, in 1856, we now operate in more than 100 countries, and generated annual sales of $4.9 billion in 2018. Smith+Nephew is a constituent of the FTSE100 (LSE:SN, NYSE:SNN). The terms ‘Group’ and ‘Smith+Nephew’ are used to refer to Smith & Nephew plc and its consolidated subsidiaries, unless the context requires otherwise. For more information about Smith+Nephew, please visit www.smith-nephew.com and follow us on Twitter, LinkedIn, Instagram or Facebook
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