Scandinavian IBS expands production line in Penang, Malaysia

Scandinavian IBS Sdn. Bhd. is expanding its plant in Penang Science Park, Simpang Ampat, Penang, with an additional 15 acres of land. The expansion will add four more production lines and is expected to create 1,200 jobs, with an investment of RM500 million over five years.

“This expansion project is anticipated to increase the production lines to approximately to four (4) more compare to the current production line and this is driven by the huge demand for SIBS production with an investment worth of RM500 million in few phases for the next five years.”mida.gov.my

• 3 sources
• mida.gov.myScandinavian IBS Continues To Expand Its IBS Production Line In Malaysia - MIDA | Malaysian Investment Development AuthoritySep 29, 2022
• businesstoday.com.myScandinavian IBS Expanding Footprint In Malaysia, Adding 1200 To The WorkforceSep 30, 2022
• penangstem.comSwede deal for Penang - Penang STEMpgstemwebOct 4, 2022

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