Penang Bukit Minyak Factory Warehouse For Sale Rent

Bukit Minyak is an industrial land park area zone in Central Seberang Perai District, Penang, Malaysia [click the links for map]. In its native Malay language it is called "Kawasan Perindustrian Bukit Minyak, Pulau Pinang" Its setup is to complement Bayan Lepas Free Industrial Zone (FIZ) and serve as an extension arm for Penang state in terms of opportunity on FDI (foreign direct investment) and jobs. Known as the Silicon Valley of the East for its industries, Penang is also one of the most urbanised and economically important states in the country. Penang has started its industrialise transformation since 1970s.

With huge demand for factory list and warehouses, the below detached 2-storey office annexed factory/warehouse is available for rent and for sale with immediate occupancy.

(1) Land area is 2 acres.

(2) Build up of the factory/warehouse/production is 47,516 sq ft.

(3) Build up of the office (two storey) is 9,170 sq ft.

(4) Floor loading is 2 ton sq m, 1,200 Amp power supply, sprinkle system installed.

(5) Factory/warehouse ceiling height is at 30 ft (max).

(6) Office ceiling height is at 10 ft.

(7) Ample car park.

Suitable for: factory, warehouse, logistic transporter.

 

Penang Bukit Minyak New Factory Warehouse For Sale Rent | Warehouse and factory ceiling height is 30 feet.

 

Seberang Prai | Bukit Minyak New Factory Warehouse For Sale Rent | Office and lobby view with ceiling height of 10 feet.

Logistics and Transportation: 
Easy accessibility & connectivity to Batu Kawan, Bukit Tengah, Butterworth sea port, dual highway inlet/exits(Juru/Tambun), 12km to Penang Bridge & 2nd Penang Bridge.

Surrounding Property Mix & Amenities:
Bukit Minyak Industrial Park was developed by Penang Development Corporation (PDC) in the late 90's comprising over an acreage of approximately 1000 acres. This Industrial Park is segmented into Industrial Plots, Single-Storey Terraced Factories and Single Storey Semi-Detached Factories for Small and Medium-Scale industries.

Among reputable Local & Multinational Industrial players to name a few are; Flextronics, High Ace Industry, Maxonic Marketing, Eagle & Pagoda Brand Medical Industry and Teik Senn Malaysia.

Opposite this Industrial Park, across the Butterworth - Ipoh trunk road is the Small and Medium-Scale Industrial(SMEs) Region which was developed by Penang Regional Development Authority or commonly known as IKS Bukit Minyak Perda.

For private viewing do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

Note: If you've factory | warehouse | industrial land | agriculture land | commercial building | commercial properties | condominium | house for sale / to sell / let / rent or intent to buy / lease / rent , do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS [Multiple Listing Service] . Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | https://VulcanInternational.blogspot.com

Pe­nang And Kulim | Kedah | Employment Opportunity Buzzing Up North

We're going to conclude the month of January 2016 and the article below does shed some light regarding 'strategic hiring' which literally means hiring by demand on certain expertise fields or placement. Read on for your own benefits of how the employment opportunities in northern region of Malaysia for 2016.

Getting bigger: An indication of PENANG's EMPLOYMENT OPPORTUNITIES is the expansion plans of OSRAM Opto Semiconductors, which has signed a deal to expand its plant, shown here in a file photo.

It's Buzzing Up North

While large-scale hiring is not happening, 'strategic hiring' is offering job opportunities.

IT's good news for job seekers in the engineering field, especially in Penang.

Recruitment firm Rober Walters Malaysia recently indentified the state as a hub for semiconductor and electrical and electronics (E&E) manufacturing with more foreign direct investment (FDI) focusing on the north of the country this year.

"In Penang and Kulim (Kedah), there's a lot of buzz. We're confident of growth," said Sally Raj, managing director of Robert Walters, when announcing that the company will open its second office in Penang this year.

"Riding on Penang's anticipated ICT and E&E growth, our focus will be on engineering, manufacturing, procurement and supply chain sectors," she adds.

Advising job seekers to keep options open and move to where the growth is, she says: "Don't get stuck in the 'I only want to work in the Klang Valley' mindset."

Malaysian American Electronics Industry chairman Datuk Wong Siew Hai points out that Penang has always been a semiconductor and E&E hub. It has grown and diversified with some expansion slated for this year. Large scale hiring, however, is not expected; rather, the key phrase is "strategic hiring", he says.

"Yes, there are pockets of hiring, especially in design development, to fill critical positions and work on new projects in areas like automation and cloud computing."

This still doesn't mean it's easy to get a job in Malaysia - you have to be the "right talent and a right fit", he stresses.

Malaysian Employers Federation executive director Datuk Shamsuddin Bardan says Johor, Malacca, Penang, Sarawak and Selangor accounted for 88.5% of total approved investments in the country last year.

The approved manufacturing projects translated to over 50,000 job opportunities with 33.9% in experienced, highly skilled jobs, including in the areas of E&E, mechanical and chemical engineers, and skilled craftsmen, he says.

Zooming in on Penang, he says a well-developed local supply chain, established infrastructure, and a supportive ecosystem have contributed to the state's reputation as a global hub for E&E.

"Employment opportunities will grow with foreign investment. While there have been retrenchments in some E&E companies, there is no massive retrenchment exercise in Penang despite some mergers and acquisitions activity."

Penang Freight Forwarders Association (PFFA) vicechairman P. Kalimuthu welcomes the Robert Walters forecast as about 70% of its business is semiconductor and E&E related. Based on last year's 3% contraction of cargo handled at Penang International Airport, PFFA had predicted growth in the industry would be flat this year.

"If the semiconductor and E&E industry is expected to be robust, of course we'll be very happy because it forms a large chunk of our industry. Hopefully, instead of another contraction, we'll see an expansion."

PFFA president Krishnan Chelliah, however, predicts minimal growth - if any at all. It's still a challenge for industry players, he says. The shrinking ringgit benefits exporters but the global slowdown, especially in China, will impact growth, he feels.

InvestPenang director Datuk Lee Kah Choon says the E&E sector is cyclical like most businesses. And it's very much tied to the general global economic growth. With a subdued general global forecast, the E&E sector will most likely maintain its current growth momentum. The depreciating ringgit is also a positive factor - at least in the short term if manufacturers are exporting in US dollars.

"Investment in Penang has been consistent over the years. It's a favourite destination for investors looking for a strong E&E supply chain and a talented and trained work force."

He, however, feels we must do more to upgrade our education system. "We must produce an industry-ready and industry-needed workforce," he stresses.

On Thursday, Osram Opto Semicondustors inked a deal with Penang Development Corporation (PDC) to expand its factory in the state. The Penang Government has approved the construction and lease of a RM15.5mil building.

During the event, Penang Chief Minister Lim Guan Eng shared how Penang recorded RM8.2bil in investments in 2014, a 110% increase compared to RM3.9bil in 2013. Between 2008 and 2014, the state recorded investments of RM48.2bil, a 93% increase compared to the period between 2001 and 2007.

Describing the Osram deal as a strategic investment for the state, Lim says the company's expansion will focus on high-skilled business and technology roles which will create high value employment for Penang talent.

Source | The Star Malaysia

Boldly go. LLAP

VulcanInternational could be contacted at +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

More details: http://vulcaninternational.blogspot.com .

You're welcome to write your constructive comment below.

investPenang | 5 Amazing Merges And Acquisitions

Malaysia Industry News | Penang State's invest Penang has came out with facts and figures including information on employment to clear the air on what's going on with the current industrial merges and acquisitions as in press statement published in Mutiara Buletin Issue of Nov 1-15, 2015 directory as below:

invest Penang director Datuk Lee Kah Choon

PRESS STATEMENT—CURRENT INDUSTRY M&A        

[ investPenang | url address:http://www.investpenang.gov.my ]

27 Oct 2015

1. As the State's investment promotion agency, investPenang wishes to address the current spate of on-line news and speculations regarding corporate movements of a few semiconductors / E&E (Electrical and Electronic) multinationals in Penang.

2. In today's industries and business, mergers and acquisitions are commonly carried out not only to consolidate operations but also for other reasons such as increase in market share and technology synergies. This is happening globally in the semicon and E&E (Electrical and Electronics) technology companies and Penang, as an electronic hub, with its many international companies, is invariably impacted.

3. In 1H 2015 alone, globally, $72.6 billion worth of M&A (mergers and acquisitions) were announced. This was more than four times the value of M&A reported in fiscal 2014. The 3 major M&A include:

- $37 billion acquisition of Broadcom by Avago

- $16.7 billion acquisition of Altera by lntel

- $11.8 billion acquisition of NXP Semiconductor by Freescale.

4. In Penang, 5 multinationals recently announced their M&As:

[a.] AMD joint venture with Nantong Fujitsu Microelectronic Co.

85% share in AMD's manufacturing sites in Penang and Suzhou, China were sold to Nantong Fujitsu Microelectronics for $371 million cash; with AMD retaining 15% stake. The manufacturing site in Penang will remain in operation. The JV is the “latest step in AMD's strategic transformation to further sharpen focus and operations on designing high-performance products." The company announced that "there are no planned workforce reductions in Penang AMD facility”. The deal expected to be closed first half 2016, as long as regulatory and other  approvals are obtained.

[b.] Sanmina Corp to take over Motorola Solutions’ manufacturing facility in Bayan Lepas.

Motorola's manufacturing in Technoplex facility will be taken over by Sanmina Corp, a leading integrated manufacturing service provider; whilst it focuses on R&D in Penang. They confirmed that the "sale does not change Motorola's commitment in Malaysia" and ”allows Motorola Solutions to deliver best in class service to its partners and customers”. They also reported in a local press on Oct 14th, 2015 that the "transfer does mean there will be a reduction in staffs". Employees will be transferred to Sanmina at no lesser terms than what they currentlv have. The transaction is expected to be finalized by early 2016.

[c.] Western Digital acquiring SanDisk

WD announced on 21 Oct 2019, its plan to acquire SanDisk for $19B cash and stock. The deal is scheduled to be closed by Q3 2016. There are currently 1042 employees in SanDisk Penang.

[d.] Amphenol to close one part of its business.

Amphenol is consolidating its mobile consumer products division in Asia Pacific, closing one of its plants in Penang. 150 employees will be affected. The Company will continue manufacturing of high speed connectors in 2 other plants in Penang, employing 800 staffs.

[e.] Dell acquired EMC at $67billion

Acquisition, announced on 12 Oct, 2015, was made to ‘evolve the company into the most relevant areas where lT is moving’.

From the above, it can be seen that only 150 jobs in Penang are affected. More job consolidation could be happening due to other M&As but there are no news of closure to date. Corporate movements will impact Penang, as host to many MNCs, and also other States in Malaysia.

5. In Penang, investments in the manufacturing sector remain robust. Recently, Jinko Solar as well as JA Solar, both multinational Chinese companies, started operations in Penang offering a total of 1,900 jobs. HP is currently constructing their factory in Batu Kawan and will employ 1,000 staff when it is in full operation. Overall, according to MIDA (Malaysian Investment Development Authority) , a total of 17,896 new jobs will be created in Penang via approved investments in 2014 and 13,199 new jobs via approved investments in 1H 2015.

6. Penang managed to attract RM48.2 billion worth of investments from 2008 to 2014, which is 93% higher than the RM24.9 billion invested on a similar 6 year period from 2001 to 2007.

7. In addition to manufacturing, the services sector, especially Global Business Services and Shared Services Outsourcing continues to offer high value job opportunities. HP recently started a finance centre at PDC Technoplex. Others include Osram‘s GBS center employing 150 staff and Jurong Engineering Design Center with 200 staff.

8. The Penang Career Assistance and Talent (CAT) Center continues to provide assistance to job seekers and employers looking for right candidates. As at 26 Oct, 2015, a total of 3,246 vacancies in Penang can be found in job portals linked to the CAT Centre.

9. The State government via invest Penang is working closely with companies that have made announcements to assist and smoothen transition. However, for companies that have yet to make any official statements, due to confidentiality requirements at this stage or other reasons, whenever they can, we urge them to clarify matters to quell the spread of rumours. Further updates and clarifications will be given by investPenang when necessary.

10. As an international city where many multinationals are located, Penang will be subjected to vagaries of global business trends directly. We however remain positive in facing these challenges and steadfast in assisting all our investors and employees.

Source | Mutiara Buletin

You should also read related articles:

Penang | Silicon Valley of East losing position?

Adios Fairchild Semiconductor (Malaysia) Sdn Bhd

Malaysia | investPenang | Penang Capital Investments 1QFY2015 In One Easy Step (Infographic)

Malaysia | investPenang | Penang State's Capital Investments From 2010-2014

Malaysia | Exclusive Penang Factory/Warehouse Rental and Sale Price Report FY2014/2015

Malaysia Investment | investPenang | PSDC | PDC | IT-BPO | 5 Reasons For Penang FDI Moving Forward?

Cause for concern: Is Penang on the cusp of losing its position as the Silicon Valley of the East following news of relocations, mergers, retrenchment and even plant closures involving several major foreign electronic players in the state? What's your opinion? (Before you form your opinion do read through the related articles above)

Boldly go. LLAP

#VulcanInternational could be contacted at +6 016 451 1321 | #VulcanInternational 

http://vulcaninternational.blogspot.com .

You're welcome to write your constructive comment below.

Malaysia | investPenang | Penang Capital Investments 1QFY2015 In One Easy Step (Infographic)

How is Penang Capital Investments' achieved during 1st Quarter FY15?

Penang Capital Investments 1st Quarter FY2015 has been reported to come in 2nd place as compare to other states in Malaysia with approved investments of RM2.9 billion (based on local and foreign investments which accounted for 8.6% in overall country's investments). 

It was behind Johor State which captured a staggering investment of RM26 billion of same quarter, according to figures that been released by Malaysian Investment Development Authority (Mida).

Penang State just published their result for its first quarter performance in their Key Performance Index (KPI) on capital investments elaborated further that 88% of the state investments came from electrical and electronics (E&E) sector. Countries that top foreign investors in Penang were the United States, China, The Netherlands, Singapore and Germany. For the year 2014, investments main source contribution were from E&E and biomedical sectors. In this particular aspect, NEPCON Malaysia trade show will be one of the catalyst in promoting the electrical and electronics (E&E) sector. It's said to be one the popular platform in dealing with new products and services launching related to electrical and electronics.

For year 2014 updates, Penang State came in 3rd with a total of RM8.16 billion, behind Johor (RM21 billion) and Sarawak (RM9.6 billion). For more details report refer to Malaysia | investPenang | Penang State's Capital Investments From 2010-2014.

[Infographic: Malaysia | Penang Capital Investment 2010-2015]

Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute http://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://VulcanInternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Malaysia | investPenang | Penang State's Capital Investments From 2010-2014

It was reported recently that Penang State recorded RM8.16 billion in investments last year which is more than double as compared to 2013. The investments contribution mainly from its electrical and electronics(E&E) sector as well as biomedical sector.

Of the total RM8.16 billion in capital investments, RM5.11 billion are said from foreign direct investments (FDIs) last year which domestic investments contributed RM3.05 billion. For comparison, the state’s FDI only totalled RM1.79 billion as recorded in 2013.

Refering to figures released by Malaysian Industrial Development Authority (#Mida), Penang’s ranking position in bringing in investments went up to third place last year as compared to fourth placing in 2013 among all other states in Malaysia.

In 2014, Penang is ranked right behind Johor and Sarawak, which recorded RM21 billion and RM9.6 billion in total investments respectively.

The infographic shows the flow of total capital investment for Penang for year 2010, 2011, 2012, 2013, 2014 (quinquennial snapshot) is RM36.78 billion.

The negative percentage indicates that relatively to a year before, the total capital investment value is lower as compare to its previous year. Vice-versa, positive percentage indicates that year is better in total capital investment performance versus the immediate previous year.

The crux of the matter is that every year there's investment(in billion) done by Penang State.

PS: For year 2012, the figure RM2.47 billion is without the inclusion of RM2.90 billion from Northern Corridor Investment Authority(NCIA). If included it was then be RM5.37 billion.

It's good to see that Penang has its mid term and long term investments been pursued as whatever investment by Penang State will normally take 3-5 years before been implemented or might not come to fruition. Example, the result of Penang's Total Capital Investments for 2015 might come to reality in 2018.

As for long term, Penang's Information Technology Business Process Outsourcing(IT-BPO) is under framework of 10 years to materialize: http://vulcanresearch.blogspot.com/2014/10/malaysia-investment-investpenang-psdc_18.html

Sources from the following reports:

http://www.malaysia-today.net/penang-no-1-in-malaysia-in-manufacturing-investment-for-the-2nd-consecutive-year-in-2011/

http://penangcatcentre.my/whats-up-details.s7f.aspx

http://www.themalaysianinsider.com/malaysia/article/guan-eng-penang-2011-investment-at-rm10b-beats-target

http://www.thestar.com.my/News/Nation/2013/03/26/Penang-received-RM54bil-last-year-says-state-investment-body/

http://penangmonthly.com/penangs-manufacturing-future/

http://www.themalaymailonline.com/money/article/penang-records-rm8b-in-investments-last-year-more-than-double-2013

Boldly go. LLAP

This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Research and Development In Malaysia | Factory For Rent | Something That You Could Learn For Free

A lot of times for you to accomplish certain task is just by asking if you want to get it done as it's beyond your capability. You just have to ask as Steve Jobs did when he needed parts to build his frequency counter from Bill Hewlett of HP. He was then 12 year-old and studying in high school.

This is the story of how VULCAN INTERNATIONAL Real Estate Investors Club is helping out R & D of a Multinational Company due to our comprehensive establishment in the sector of factory and warehouse. 

We've been approached by a Multinational Company (MNC) in Free Industrial Zone (FIZ), Bayan Lepas Penang to help source for factory/warehouse that need to meet their requirement: 

(1) Ridge height : 15m, (2) Floor space dimension: 40m x 40m.

Based on above, the floor space required is 1600m sq(approx. 17,222 sq ft). The indicative rental based on Prai industrial for warehouse is RM1.30 psf(per sq ft) and it'll cost about RM22,388.60 per month.

Reason for sourcing the factory/warehouse is to perform actual testing of their prototype product instead of simulation as earlier learning curve found that simulation is not accurate. That eventually caused product recall. As you're aware any product recall is going to be very expensive in terms of labour and product replacement. This is currently happened to automobile industry for airbags.

Due to its nature of rental for a month to perform actual testing, all our business partners won't be able to cater for it as they're looking for long terms warehousing rental instead of a month or two.

We've gave them free information of whereabout to source the building that met their requirements and the best part is that it's free of charge due to the establishment belongs to public funding. That is a cost saving of RM22,388.60 per month to them.

How can we help you?

The building that met the Multinational Company's requirement:

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

This report is been compiled by VULCAN INT'L Real Estate Research Institute www.VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Malaysia Investment | investPenang | PSDC | PDC | IT-BPO | 5 Reasons For Penang FDI Moving Forward?

As we're aware one of the pillar in growth for Penang state is foreign direct investment(FDI) besides tourism and its sister UNESCO World Heritage status. To complement the Malaysian Investment Development Authority(Mida) initiative in attracting investor, the investPenang arm under Penang state government has move along the same line by going to Hong Kong and Singapore with the same objectives of allure investors to Penang.

A source mentioned that Malaysia recorded its highest foreign direct investment(FDI) of RM38.7bil in 2013,an increase of 24% over 2012 and 3.9% higher than the last record of RM37.3bil achieved in 2011.

What will foreign investors stand to gain by having their operations in Penang?

1. The infrastructure of masterplan Free Industrial Zone(FIZ) has been established since 1970s with Bayan Lepas FIZ. It was later expanded to mainland with Prai FIZ with supporting industries built under Small and Medium Industries(IKS).

2. Talented human capital development. Penang Skills Development Corporation(PSDC) was established in 1989. The centre is entrust to provide training and develop human capital to support Multinational Corporations(MNCs). Over a period of 20 years, the Centre has trained over 150,000 participants through over 7,000 courses; pioneered local industry development initiatives; assisted in the input and formulation of national policies pertinent to human capital development and contributed directly to the Malaysian workforce transformation initiatives.

3. InvestPenang agency. The state government agency was established in 2004. investPenang is a non-profit entity of the State Government with the sole purpose of promoting investments within Penang. investPenang aspires to sustain, rejuvenate and further promote entrepreneurialism through continued investments and simultaneously explore new growth areas which are profitable. Their core competencies are (1) Furnish information and resources to investors, (2) Enhance Penang’s business friendly environment, (3) Strengthen Penang’s competitive advantage, (4) Promote investment, (5) Support existing companies growth, (6) Facilitate growth of domestic industries, Penang SME Centre. As a matter of fact we work with investPenang and Mida on foreign direct investments'(FDIs) requirement and to cater the investor needs on existing infrastructure.

4. In tandem with investPenang's efforts, Penang Development Corporation(PDC) provides industrial lands for factories. These lands are with tenure of 60-year lease. Their current factory development is in Batu Kawan with establishment on Batu Kawan's IKS.

5. The IT-BPO Hub Penang integration. It's a vision and initiatives of Penang state government to envision that Penang establish herself with Information Technology Outsourcing and Business Process Outsourcing(IT-BPO) Hub with cost of RM3.3bil in setup and expect to be fully operational in 10 years.

The IT-BPO hub is make up of 30ha(74.2 acres) BPO Park in Bayan Lepas, 2.8ha(6.9 acres) BPO Prime in Bayan Baru and 0.93ha(2.3 acres) of Creative Animation Triggers(CAT) in George Town heritage zone.

Penang's Business Process Outsourcing (BPO) Park.

BPO services is said to include customer operations, data processing, back office administration, accounting, technical support, transcription, software development, IT consultancy and disaster recovery services.

This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.