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MyLED pours $54.90M on facility upgrade

Posted: 28 Nov 2011 ?? ?Print Version ?Bookmark and Share

Keywords:SSL technology? LED manufacturing? green technology?

Malaysian company MyLED Group, which includes MyLED Master and MyLED Opto Technology, is investing $54.90 million (RM175 million) to expand its manufacturing capability in the green technology sector.

The company claims that it will be the first local firm who will have both solid state lighting (SSL) and light emitting diode (LED) manufacturing technology. The SLL technology will be under MyLED Master, while the LED technology will be under MyLED Opto Technology.

"From now until 2014, we're putting in money to expand our SSL plant to make LED chips. We'll be leveraging on Osram Opto Semiconductor's technology to start mass production from January 2012," said MyLED group chairman Datuk Fauzi Said.

MYLED Group will invest in expanding their production facility at Malacca, Malaysia to meet the growing demand for SSL, which has the potential for tremendous savings via LED lighting. Aside from the local market, MyLED Master will export its products to markets such as India and Middle East countries in two years. The facility in Malacca will also house R&D operations to further reduce costs.

MyLED Opto Technology will focus on producing LEDs for lighting applications. Aside from supplying its parent company, MyLED Opto will also supply LEDs locally and to markets such as China, India, Taiwan and Korea.

This investment of MyLED Group is believed to generate around 900 jobs.





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