# Continental Automotive Components invests €7M in Penang plant upgrade

Continental Automotive Components Malaysia broke ground on a €7 million (RM31.5 million) expansion and upgrade of its Penang plant to create a smart factory with automated machinery and digitization. The upgrade will create 150 new R&D engineering jobs by 2020.

- Type: Expansion
- Announced: 2018-05-16
- Where: Prai, Penang, Malaysia
- Value: $8.40M (7.00M EUR)
- Jobs: 150
- Status: under construction
- Products: instrument clusters, automotive parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Continental Automotive Components Malaysia](https://endata.com/companies/31900.md)

## Sources

- [autobuzz.my](https://autobuzz.my/2018/05/16/continental-automotive-components-invests-rm31-5-mill-for-penang-plant-upgrades/), 2018-05-16: "With the expansion, more jobs will be created. The R&D office will see to an increase of another 150 engineers by 2020."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.