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Showing posts with label Taman Perindustrian Bukit Minyak. Show all posts
Showing posts with label Taman Perindustrian Bukit Minyak. Show all posts

Sunday, December 20, 2015

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:
InvestPenang%20director%20Datuk%20Lee%20Kah%20Choon%20%7C%20Penang%20Capital%20Investment
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:

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 


You're welcome to write your constructive comment below.

Thursday, October 8, 2015

Penang Property Talk | Sell Buy Rent And Lease Property In 5 Easy Steps

Penang Properties | Factory | Warehouse | Land | Commercial Building | Bungalow | Condominium | Apartment | House | Storage Space | Cold Storage Room | For Sale, Lease And Joint Venture In Penang Malaysia. 

Penang%20Properties%20%7C%20Factory%20%7C%20Warehouse%20%7C%20Land%20%7C%20Commercial%20Building%20%7C%20Bungalow%20%7C%20Condominium%20%7C%20Apartment%20%7C%20House%20%7C%20Storage%20Space%20%7C%20Cold%20Storage%20Room%20%7C%20For%20Sale%2C%20Lease%20And%20Join%20Venture%20In%20Penang%20Malaysia.

Step 1: Industrial Property location in Bayan Lepas, Butterworth, Seberang Perai, Juru, Bukit Mertajam, Bukit Minyak, Bukit Tengah, Simpang Ampat, Batu Kawan, Penang Science Park, Nibong Tebal, Jawi, Sungai Bakap, Kepala Batas, Kilang Perindustrian, Industri Kecil dan Sederhana (IKS) Pulau Pinang, Malaysia.

Step 2: Type of Penang Small Medium Enterprises (SMEs) factories for sale and to let: Secure storage space, warehouses, light industry, medium industry and heavy industry.

Step 3: Type of industry: Renewal Energy (RE), electrical, electronics industries, printing, plastic injection moulding, automobile service, engineering, warehousing, showroom gallery, storage and locker space, cold storage room. 

Step 4: Type of storage: Secure storage space and cold storage warehouse Penang cover northern region of Malaysia.

Step 5: Type of transaction: Selling, buying, renting, leasing and joint venture (JV).

Enquire about a property? Please quote the property and location. 

Note 1: For renting, the calculation is based on Build Up Area or Nett Lettable Area(NLA) in sq ft unless specify.

If you can't find the property that you want, talk to us. You can also call us if you've property in Penang to sell or to let. "You Call, We Match." Please contact Mr Vulcan Lau, mobile no.: +6 016 451 1321

This list is last updated on 13 Jan 2016.

Note 2: Persons responding to this listing are not required to pay any estate agency fee whatsoever for properties referred to in this listing.

 Property LocationPrice For Sale (RM)Price For Rent (RM)Land Area
(sq ft)
Build Up Area(sq ft)  Remark
Batu MaungRM12 milRM2.00 psf19,86516,167 
2. Semi-detach factoryBatu MaungRM12 mil RM2.00 psf 20,078 16,167  
3. WarehouseMak Mandin  - RM1.10 psf 2,500 2,500 Height:19 ft 
4. Warehouse Mak Mandin  - RM1.10 psf6,400 6,400 Height:15 ft 
5. Warehouse Mak Mandin  - RM1.10 psf3,930 3,930 Height:16 ft 
6. Factory with warehouse Bukit Minyak RM20 mil RM0.90 psf 3 acres 93,535  
7. 3-storey villaBukit Jambul RM3.8 mil  - 9,500 9,000  
8. LandBalik Pulau RM6 mil RM80 psf 1.73 acres - Joint venture
9. 2-storey bungalowScotland Rd RM7.3 mil  - 10,800 4,700 Bed:5,Bath:5
10. 3-storey terrace house Sungai AraRM990,000 -1,8403,000Bed:4,Bath:3
11. 2-storey bungalowJln Sultan Ahmad Shah -RM21,000/mth13,2504,000Commercial
12. LandBatu Maung -RM0.60 psf1.49 acres -Parking lorry, tractor
13. 3-storey terrace house Minden HeightRM1.68 mil -2,1072,065Bed:4,Bath:4
[White Lily]
14. BayStar CondoBayan BayRM1.25 mil  - -1,560Bed:3,Bath:3
Full reno 
15. Scott Residences Macalister RdRM2.25 mil - -2,750Bed:3,Bath:3
16. 4-storey villa [Moonlight Bay]Batu FerringhiRM2.5 mil  -2,500 4,500 Bed:4,Bath:4 
17. 2-storey semi-detach houseTaman Jesselton -RM4,000/mth4,7252,699 Bed:4,Bath:4 
18. 2-storey semi-detach houseJalan Gajah  -RM3,800/mth4,300 2,035 Bed:4,Bath:4 
19. 2-storey semi-detach house[Leasehold] Gelugor RM400,000  - 1,845 1,200 Bed:3,Bath:2 
20. Flamingo CondoGreenlane RM640,000 RM1,400/mth  - 1,100 Bed:3,Bath:2
21. Cold storage room Mak Mandin  -RM2,109/mth  -3,013 
cu ft 
RM0.70/cu ft 
22. Duplex Condo (New)Gurney DriveRM6 mil - -5,737Bed:5,Bath:5 
Full reno
23. LandWestern Rd RM46.3 mil  -1.33 acres -Residential 
24. Bkt Dumbar Permai Apt Bkt Dumbar RM580,000  - -990Bed:3,Bath:2 
25. Sierra Residences (New)Relau RM530,000  - -1,000Bed:3,Bath:2 
26. Single storey bungalowPulau Tikus RM9 mil  -13,5006,000 Bed:6,Bath:3 
27. Factory / WarehouseSungai Lokan -RM1.10 psf -19,000Height:35 ft
28. 3-storey bungalow [Brook Residences] Brook Road RM6.93 mil  -6,024 5,423 Bed:4,Bath:5
Private Swimming Pool 
29. Commercial shop @ Burmah Rd  Burmah Road  -RM5.00 psf 12,000 10,000 Commercial
Car park:10 
 
30. Warehouse  Mak Mandin  -RM1.10 psf  5,745 5,745 Height:16 ft  
31. Cold storage room Mak Mandin  -RM4,846/mth -6,923 cu ft  RM0.70/cu ft  
32. Cold storage room  Mak Mandin  -RM4,567/mth  -6,525 cu ft RM0.70/cu ft
(2 units)
 
33. Arena Corner
[3-storey commercial shoplot]
 
Bayan Baru  -RM8,000/mth  -1,100/floor  Commercial shoplot for Arena Residences  


Boldly go. LLAP

Interested please contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational
http://VulcanInternational.blogspot.com

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

You're welcome to write your constructive comment below.

Monday, October 6, 2014

Penang | Bukit Minyak Factory | 5 Reasons Why The Factory Is Rentable

The single storey warehouse / factory building annexed to 3 storey office building for rent as be published in previous posting has with it the 5 reasons why the factory is rentable.

A single storey warehouse / factory building annexed to 3 storey office building for rent in Taman Perindustrian Bukit Minyak, Penang.

  1. Free renovation period: Upon signing and stamping of tenancy agreement along with payment as agree, the free period of one month will be given to tenant to enable him to facilitate his renovation. The renovation will be subjected to landlord approval.

  2. With comparative market analysis(CMA) on rental be used as benchmark, the rental pricing is competitive in that locality based on the condition of subject property.

  3. Flexibility: Prospect tenant that is taking up the subject property will be on “As Is Where Is” basis. However landlord is flexible to discuss the terms further. 

  4. Duration of tenancy is three-year with the option of another three-year. This will be advantage to tenant of multinational company that in normal situation require long lease as with its establishment and logistics.

  5. Factory-typed structure: The subject property as per se been restored with reinforced to its concrete flooring. It has substation within its premises, therefore any upscale could be done. Currently it has a power supply of 1000Amp.

    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.