NEW YORK, Kuala Lumpur, Sept 20 (Bernama) -- Alton Industry Ltd Group (Alton), a US-based global supplier of consumer and commercial tools, appliances, and floor care,  is expanding its manufacturing and R&D base into Malaysia.  The CEO of Alton  Group,  Mr. David Lu laid out the company’s vision to invest over RM2 billion in the next 7 years during a meeting with YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry Malaysia (MITI) in New York City.

 
The construction of the new manufacturing facility has  already begun. This  new investment will also serve as a global R&D centre for the company’s new technology platforms. Once completed in 2024, Alton is poised for continuous expansion to bolster production capacity and cater to the diverse and ever-growing demand of its global customer base.
 
Tengku Zafrul warmly welcomed Alton's significant global expansion, along with their Phase 1 investment commitment of RM500 million, "Alton Industry  Ltd Group's decision  to expand its manufacturing and R&D base in Malaysia reflects their confidence in the country's attractiveness as an investment destination. This commitment also perfectly aligns with the key targets of Malaysia's recently launched New Industrial Master Plan 2030 (NIMP 2030), including the creation of an investment-friendly environment and the rapid embrace of technology to elevate our manufacturing sector’s tech ecosystem. It firmly establishes Malaysia as a global technology and innovation hub, underscored by new inventions and deeper collaborations between Alton and Malaysian SME industry players. We warmly welcome Alton’s investment and its potential for higher-paying, quality employment opportunities, particularly for Malaysians."
 
Datuk Wira Arham Abdul Rahman, CEO of the Malaysian Investment Development Authority (MIDA) said “We are excited with Alton’s commitment to Malaysia, recognizing that their enduring presence in our nation will serve as a catalyst for fostering mutually beneficial collaborations with domestic industry players, particularly in the area of high value, high growth activities. As Alton established its roots in Malaysia, we anticipate it evolving into a pivotal industry partner for our country, contributing significantly to our economic growth and development. With this new partnership between MIDA and Alton, we stand ready to provide the necessary support to Alton, ensuring the seamless execution of their investment project in the country.”
 

Alton’s President and CEO, David Lu commented, “Alton is proud to expand its global footprint and to develop its operations in Malaysia with the planned opening of our new manufacturing facility in Johor Bahru. This new facility will enable us to support our global customers in all sectors we currently do business in and allows expand to other markets quickly. The incentives from federal, state and local governments we have in addition to  the support of infrastructure make this a good investment for Alton.”
 
Alton produces a diverse range of commercial and consumer tools, hardware and equipment along with home appliances and floor care markets. Alton does business in over 75 different countries with offices in China, Japan, Hong Kong, Europe  and  the United States of America (USA).

About MIDA
MIDA is the government's principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI)  to oversee  and drive  investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to  be  the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, Tik Tok and YouTube.
 
About Alton
Alton is one of the world’s leading suppliers  of tools and  power equipment.  With operations spanning three continents, Alton delivers Innovative Solutions for Everyday Tasks for retailer, brands and  consumers. It has over 25 years of leadership  and experience in the development, manufacturing and distribution  of high quality and performance driven products. For more information on Alton and the products and services we provide please visit www.altoncorporate.com or at our  Linked In at www.linkedin.com/company/altoncorporate/ 

SOURCE : Malaysian Investment Development Authority (MIDA)

FOR MORE INFORMATION, PLEASE CONTACT:
MIDA
Name: Ms. Noor Suziyanti Saad
Director of Electrical and Electronics Division
Tel.: +603-2267 3575
Email: suziyanti@mida.gov.my

Alton
Name: Ms. Aimee Pachecco
Marketing
Alton Industry Ltd Group
Tel.: +1 (630)-389-1030
Email: aimee.pachecco@altonindustries.com  

--BERNAMA