Tuesday, 28 June 2022

Manufacturer for systems for measuring electrical parameters opens new plant.

The inauguration ceremony has been held in Penang, Malaysia for LEM's new production plant. The ceremony was attended by the Chief Minister of Penang, the Chairman and CEO of LEM, together with invited guests including the Swiss Ambassador to Malaysia. The project was first announced in 2020, and this marked a major step in its construction with the first electric current sensor products expected to come on-line in Q1 2024.

“Supply chain resiliency and well-developed ecosystem are among the key differentiators that made Penang a sustainable location for the electrical and electronics (E&E) players." said the Right Honourable Mr. Chow Kon Yeow, the Chief Minister of Penang. "Being a leading company in electrical measurement that serves the emerging and high-growth industries, I am confident that LEM would be able to reap a myriad of benefits from its operation in Penang while complementing the State’s presence in the world map of technology.”

“The State, via InvestPenang and other relevant state agencies, is committed to work closely with LEM to ensure smooth project implementation on the ground,”

LEM's chairman Andreas Hürlimann remarked: “We are delighted to be welcomed today by the key persons in Malaysia who have made this investment process come to fruition so efficiently, despite the recent pandemic challenges. We selected Penang as a strategic location to improve our supply chains, increase our resilience and better meet the needs of our customers here in Asia, as well as Europe and the US. This plant will complement our existing facilities in China, Bulgaria and Switzerland as we invest in more capacity to achieve our ambitious but profitable growth objectives in the coming years.”

Frank Rehfeld, Chief Executive Officer of LEM, commented: “The talent and experience available here in Penang will be of significant benefit to LEM, particularly in the domain of semiconductors. This plant will be the main testing base for our integrated current sensor (ICS) products which are in great demand from customers in our automation, automotive and renewable energy businesses. As we develop our manufacturing operations here, we may also consider adding R&D investment and capabilities. We are grateful to everybody who has helped the project reach this important milestone today."

* LEM is celebrating its 50th anniversary in 2022, having been founded in Geneva, Switzerland in 1972. The company recently announced record annual sales of CHF 373.4m.

@LEM_Inc @NapierPR #Electrical #Malaysia

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