Greatech breaks ground on RM1.3B facility in Batu Kawan, Penang

Greatech Technology Berhad held a groundbreaking ceremony for a new 500,000 sq ft facility (BK IV) in Batu Kawan Industrial Park, Penang, with a total investment of approximately RM1.3 billion (RM200 million capex, RM1.1 billion opex).

“Greatech will be investing approximately RM1.3 billion for this expansion with an estimated capital expenditure of RM200 million and an estimated operating expenditure of RM1.1 billion.”investpenang.gov.my

• 2 sources
• investpenang.gov.my[Press Release] Greatech Technology Berhad Marks Major Milestone with RM1.3 Billion Investment in Batu Kawan IV (BK IV) - InvestPenangFeb 28, 2023
• mida.gov.myGreatech Technology Berhad Marks Major Milestone with RM1.3 Billion Investment in Batu Kawan IV (BK IV) - MIDA | Malaysian Investment Development AuthorityFeb 28, 2023

Summarized from public sources; check the original articles before acting on it.