# 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.

- Type: Expansion
- Announced: 2022-09-29
- Where: Penang Science Park, Simpang Ampat, Penang, Malaysia, Malaysia
- Value: $120.0M (500.0M MYR)
- Jobs: 1,200
- Status: announced
- Products: industrialised building systems (IBS)
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Scandinavian IBS Sdn. Bhd.](https://endata.com/companies/65659.md)

## Sources

- [mida.gov.my](https://www.mida.gov.my/media-release/scandinavian-ibs-continues-to-expand-its-ibs-production-line-in-malaysia/), 2022-09-29: "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."
- [businesstoday.com.my](https://www.businesstoday.com.my/2022/09/30/scandinavian-ibs-expanding-footprint-in-malaysia-adding-1200-to-the-workforce/), 2022-09-30: "This project will bring in investment, strengthen the socio-economy, increase job creation as well as provide opportunities for local talents to upskill."
- [penangstem.com](https://www.penangstem.com/swede-deal-for-penang/), 2022-10-04: "The expansion is anticipated to be done in phases over the next five years and quadruple its production lines."

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