That is a good news.. jobs creation for the local.. win win... If this continue, JB will become like Shenzhen.. not bad..
Hey guys, very good news! I have just checked online after my KL friend updated me on FB. Malaysia has just confirmed Foxconn investment project in Kulai!
Malaysia confirms Foxconn investment project
http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?Type=aECO&ID=201108100042
Kuala Lumpur, Aug. 10 (CNA) Taiwan's Foxconn Technology Group has received a licence to invest in Kulai, in Malaysia's Johor State, Malaysia's Ministry of International Trade and Industry confirmed Wednesday.
A ministry official told CNA the Taiwanese electronics titan said the group will produce printer cartridges, employing 1,000 engineers and technicians. It did not disclose the number of general workers that will be required to operate the plant.
The official declined to reveal the amount of capital to be injected into the investment project.
Foxconn received approval May 18 from the Kulai City council to build an industrial park, and construction is currently underway.
According to Malaysian regulations, foreign investment projects with paid-in capital of more than 2.5 million Malaysian ringgit (US$831,532) or a work force of more than 75 full-time workers are required to obtain a licence from the ministry. (By Sun Tien-mei and Lilian Wu) ENDITEM/J