The KPS unit buys the land of Penang to build the EMS factory

KUALA LUMPUR: Kumpulan Perangsang Selangor The Indirect, Indirect Subsidiary Bhd (KPS) CPI (Penang) Sdn Bhd buys a 4.5-acre (1.82 ha) land at Bayan Lepas Industrial Park in Penang for RM 27.7 million, which will be developed into EMS (EMS)

In a statement, KPS said that CPI has an agreement with Penang Development Corp. for the acquisition of land. The new land is more than three times larger than the land that currently houses its existing SME facility.

"The construction of the new plant is expected to begin in the first half of 2019, with the expected completion in 2020," he added. 19659005] KPS CEO Ahmad Fariz Hassan said that the acquisition of land will allow CPI to increase its production capacity to meet the growing demand in the EMS sector.

"The land acquisition is the first step value creation plan to accelerate the phase of strong growth of the CPI. "