{"id":39449,"date":"2022-06-24T17:53:40","date_gmt":"2022-06-24T09:53:40","guid":{"rendered":"https:\/\/investpenang.gov.my\/lem-announces-inauguration-ceremony-for-new-production-plant-in-malaysia\/"},"modified":"2025-11-28T14:10:43","modified_gmt":"2025-11-28T06:10:43","slug":"lem-announces-inauguration-ceremony-for-new-production-plant-in-malaysia","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/lem-announces-inauguration-ceremony-for-new-production-plant-in-malaysia\/","title":{"rendered":"[Press Release] LEM Announces Inauguration Ceremony for New Production Plant in Malaysia"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text]<\/p>\n

[Press Release] LEM Announces Inauguration Ceremony for New Production Plant in Malaysia<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

23 June 2022<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”30088″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]Geneva, Switzerland, and Penang, Malaysia, 23 June 2022 \u2013 LEM (SIX: LEHN)<\/strong>, a leading global company in electrical measurement for renewable energy, automation, power network and e-mobility applications, announces that an inauguration ceremony is being held today in Penang, Malaysia for its new production plant. The ceremony is attended by the Chief Minister of Penang, the Chairman and CEO of LEM, together with invited guests including the Swiss Ambassador to Malaysia. The project was first announced in 2020, and today marks a major step in its construction with the first electric current sensor products expected to come on-line in Q1 2024.<\/p>\n

Right Honorable Mr. Chow Kon Yeow, the Chief Minister of Penang<\/strong>, said: \u201cSupply chain resiliency and well developed ecosystem are among the key differentiators that made Penang a sustainable location for the electrical and electronics (E&E) players. Being a leading company in electrical measurement that serves the emerging and high-growth industries, I am confident that LEM would be able to reap a myriad of benefits from its operation in Penang while complementing the State\u2019s presence in the world map of technology.\u201d \u201cThe State, via InvestPenang and other relevant state agencies, is committed to work closely with LEM to ensure smooth project implementation on the ground,\u201d Chow added.<\/p>\n

Andreas H\u00fcrlimann, Chairman of LEM<\/strong>, remarked: \u201cWe are delighted to be welcomed today by the key persons in Malaysia who have made this investment process come to fruition so efficiently, despite the recent pandemic challenges. We selected Penang as a strategic location to improve our supply chains, increase our resilience and better meet the needs of our customers here in Asia, as well as Europe and the US. This plant will complement our existing facilities in China, Bulgaria and Switzerland as we invest in more capacity to achieve our ambitious but profitable growth objectives in the coming years.\u201d<\/p>\n

\"\"

Frank Rehfeld, Chief Executive Officer of LEM<\/strong>, commented: \u201cThe talent and experience available here in Penang will be of significant benefit to LEM, particularly in the domain of semiconductors. This plant will be the main testing base for our integrated current sensor (ICS) products which are in great demand from customers in our automation, automotive and renewable energy businesses. As we develop our manufacturing operations here, we may also consider adding R&D investment and capabilities. We are grateful to everybody who has helped the project reach this important milestone today.\u201d<\/p>\n

The Malaysian Investment Development Authority’s (MIDA) CEO, Datuk Arham Abdul Rahman<\/strong>, commended LEM Malaysia on the company’s significant milestone, saying, “We are excited to witness LEM joining and further developing Malaysia’s vibrant E&E ecosystem. We are proud that Malaysia, guided by our National Investment Aspirations (NIA), continues to fit into the overall growth strategy of major foreign companies, solidifying our position as an integrated global manufacturing hub for the industry. We anticipate seeing exciting spillovers from this project, particularly in generating high-skill employment for local talent, contributing to the socioeconomic upliftment of the community and boosting commercial development in the region. We are deeply appreciative of LEM\u2019s resounding vote of confidence in Malaysia as a preferred investment destination. LEM can be assured that MIDA will render our full support in facilitating your business in this country.\u201d<\/p>\n

Notes to editors:<\/strong>
\nLEM is celebrating its 50th anniversary in 2022, having been founded in Geneva, Switzerland in 1972. The company recently announced record annual sales of CHF 373.4 million, further details of which can be found together with the latest Annual Review by accessing http:\/\/www.lem.com\/en\/investors<\/a><\/p>\n

Images of today\u2019s event and LEM products can be accessed here: https:\/\/www.dropbox.com\/sh\/b88amc1sp2gn7pa\/AADrOYs_ST8l7IjJNQew73aga?dl=0<\/a><\/p>\n

LEM \u2013 Life Energy Motion<\/strong>
\nA leading company in electrical measurement, LEM engineers the best solutions for energy and mobility, ensuring that our customers \u2019systems are optimized, reliable and safe.<\/p>\n

Our 1,500 people in over 15 countries transform technology potential into powerful answers. We develop and recruit the best global talent, working at the forefront of mega trends such as renewable energy, mobility, automation and digitization.<\/p>\n

With innovative electrical solutions, we are helping our customers and society accelerate the transition to a sustainable future.<\/p>\n

Listed on the SIX Swiss Exchange since 1986, the company\u2019s ticker symbol is LEHN.
\nwww.lem.com<\/a><\/p>\n

Contact: Investment community<\/strong>
\nAndrea Borla, Chief Financial Officer
\nPhone: +41 22 706 1250
\nEmail: investor@lem.com<\/a><\/p>\n

Contact: Swiss Media<\/strong>
\nCabinet Priv\u00e9 de Conseils s.a. (CPC)
\nNick Miles, miles@cpc-pr.com <\/a>, direct +41 22 552 46 26, mobile +41 79 678 76 26
\nMichael F\u00fcglister, fuglister@cpc-pr.com<\/a>, direct +41 22 552 46 29, mobile +41 78 839 07 62<\/p>\n

Contact: Malaysian Media<\/strong>
\nDreamz Productions Events Management Sdn Bhd
\nCheah WY, cheah@dreamz.com.my<\/a> , mobile 019-478 8232<\/p>\n

About InvestPenang<\/strong>
\nInvestPenang is the Penang State Government\u2019s principal agency for promotion of investment. Its objectives are to develop and sustain Penang\u2019s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https:\/\/investpenang.gov.my\/<\/a> and follow InvestPenang\u2019s social media channels: Facebook<\/a> ; LinkedIn<\/a>.<\/u><\/p>\n

Contact: InvestPenang<\/strong>
\nYeoh Bit Kun \/ Ooi Phei Wen
\nCommunication and Business Intelligence Division
\nbitkun@investpenang.gov.my<\/a> \/ pheiwen@investpenang.gov.my <\/a><\/p>\n

About MIDA<\/strong>
\nMIDA is the government\u2019s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 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<\/a> and follow us on Twitter, Instagram and Facebook, LinkedIn and YouTube channel.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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