BATU KAWAN – Manufacturing and technology solutions provider Flex Ltd (Flex) will expand its operations in Malaysia following a projected revenue growth that is expected to be more stable for the next three years.
Senior vice-president of Asia global operations Lai Teng Yen said Flex’s location close to good infrastructure facilities will provide additional benefits to the United States-based company.
“We expect Flex to continue to be busy here in the next two to three years,” he said at a media briefing on the operation of the first Flex design centre in Malaysia here.
He said that the design centre here will develop several key products such as headphones (wireless and wired), soundbars, and bass boxes.
“In addition, Flex will also expand its design innovation services to lifestyle products such as smart homes, vacuum cleaners, and home appliances,” he said.
Flex, which operates in 30 countries, provides technological innovation, supply chain, and manufacturing solutions to various industries and end markets.
Lai added that Flex is currently looking at two approaches that do not require large investments, namely upgrading its current facilities to create more space in the factory and inviting its business partners to invest in Malaysia.
“We will discuss this with the Malaysian Investment Development Authority and this will be an indirect investment by Flex into the industry,” he said.
Lai said Flex records a revenue of between US$24 billion (RM101.22 billion) and US$26 billion a year, with 45% of that coming from its company’s operations in Asia. – The Vibes, March 22, 2022
