Advanced Energy Announces Its New State-of-the-Art Manufacturing Facility in Southeast Asia Is Now Operational
February 27 2020 - 8:00AM
Business Wire
Global leader in power solutions expands footprint with new
facility in Penang, Malaysia to serve semiconductor and industrial
customers in a region known for its rich community of high-tech
manufacturing experts
Advanced Energy Industries, Inc. (Nasdaq: AEIS) – a global
leader in highly engineered, precision power conversion,
measurement and control solutions – announces that its newest
facility in Penang, Malaysia has begun commercial operations and
started to deliver products to our customers. Situated in the heart
of Southeast Asia on the country’s northwest coast by the Malacca
Strait, the state of Penang has long served as an important outlet
to the markets of Europe and the Middle East, making it an ideal
location for Advanced Energy’s state-of-the-art manufacturing
facility.
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Advanced Energy – a global leader in
power solutions – expands global footprint with new facility in
Penang, Malaysia to serve semiconductor and industrial customers in
a region known for its rich community of high-tech manufacturing
experts. State-of-the-art manufacturing facility, encompassing a
total of 178,000 square feet (16,500 square meters), will
manufacture a variety of precision power supplies and generator
products. When the factory is completed, it is expected to employ
approximately 550 on-site associates inclusive of key roles in
operations, electronics manufacturing, test engineering and new
product introduction. (Photo: Business Wire)
“These are exciting times for us as we expand in Southeast Asia
to meet the region’s growing presence in technology production,”
said Neil Brinker, executive vice president and COO of Advanced
Energy. “With our global customer base and broad portfolio of
precision power products, we continuously evaluate ways to optimize
our production footprint and how to best serve our customers. The
new facility in Penang will not only enable us to get physically
closer to many of our customers in the region but also provide
greater business continuity and redundancy."
Advanced Energy’s new 178,000 square-foot facility will
manufacture a variety of its precision power supplies and generator
products. When the factory is completed, it is expected to employ
approximately 550 on-site associates inclusive of key roles in
operations, electronics manufacturing, test engineering and new
product introduction (NPI), with an estimated 35 percent comprised
of technical staff.
The Advanced Energy Penang facility is located at: PMT 1112,
Jalan Perindustrian Bukit Minyak 8; Taman Perindustrian Bukit
Minyak; 14100 Simpang Ampat; Pulau Pinang, Malaysia.
Advanced Energy has devoted more than three decades to
perfecting precision power, enabling design breakthroughs and
driving growth for the world’s leading semiconductor and industrial
customers. The multinational company, with worldwide operations,
provides power technology that enables the manufacturing of
everyday products in a variety of industries, including medical,
automotive, consumer electronics, glass, steel and others.
For more information, visit: www.advancedenergy.com.
About Advanced Energy
Advanced Energy (Nasdaq: AEIS) is a global leader in the design
and manufacturing of highly engineered, precision power conversion,
measurement and control solutions for mission-critical applications
and processes. AE’s power solutions enable customer innovation in
complex applications for a wide range of industries including
semiconductor equipment, industrial, manufacturing,
telecommunications, data center computing and healthcare. With
engineering know-how and responsive service and support around the
globe, the company builds collaborative partnerships to meet
technology advances, propel growth for its customers and innovate
the future of power. Advanced Energy has devoted more than three
decades to perfecting power for its global customers and is
headquartered in Fort Collins, Colorado, USA.
For more information, visit www.advancedenergy.com.
Advanced Energy | Precision. Power. Performance.
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Lora Wilson / Valerie Christopherson Global Results
Communications for Advanced Energy Industries, Inc.
aei@globalresultspr.com +1 949.306.0276
Advanced Energy Industries (NASDAQ:AEIS)
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