Benchmark Precision Technologies has expanded its presence in Penang with the opening of its fourth manufacturing facility at Batu Kawan Industrial Park (BKIP). The 8,000-square-metre facility, which includes room for future expansion, strengthens the company’s capabilities in robotic welding, precision sheet metal, and frame fabrication. These additions aim to support anticipated growth in the semiconductor industry by 2025 and beyond. [1]
Group president Datuk Dr. Bala Murugan highlighted the facility’s role in enhancing vertical integration, streamlining operations, and reducing time-to-market while maintaining high-quality standards. The facility integrates key services, including electronics manufacturing, precision machining, system integration, and post-manufacturing support. This development is expected to create 200 jobs over the next few years, adding to Benchmark’s existing workforce of 1,500 employees in Penang. [2]
The grand opening, attended by Penang’s Yang di-Pertua Negeri Tun Ahmad Fuzi Abdul Razak and Chief Minister Chow Kon Yeow, underscored the company’s commitment to Penang’s economic growth. Chow praised the collaboration between the Penang government, Malaysian Investment Development Authority (MIDA), and InvestPenang, emphasising the role of public-private partnerships in fostering investment and development. [3]
This expansion aligns closely with the Penang2030 vision, particularly its focus on advancing a diversified and inclusive economy. By prioritising innovation, workforce development, and investment in high-value industries, Benchmark contributes to Penang’s ambition to become a global innovation hub. The facility’s capabilities also complement efforts to build creative ecosystems and niche business services, such as digital media, design, and tech solutions.
Through fostering public-private collaboration, driving technological innovation, and creating high-value job opportunities, Penang is advancing its Penang2030 goals of enhancing economic resilience, strengthening communities, and positioning the state as a sustainable and competitive regional leader.
Reference
[1] Riadz, A. (2024). US-based company sets benchmark. Buletin Mutiara, November 16-30. https://www.buletinmutiara.com/us-based-company-opens-its-fourth-facility-in-penang/
[2] See footnote 1
[3] See footnote 1