XP Power starts its third factory in Asia
XP Power has started construction of a manufacturing plant in Perak, Malaysia, its third in Asia.
The site will be the company’s largest facility with an investment of RM228 million (€50m) in phase 1,. The expansion plays a crucial role in XP Power’s global growth strategy with increased production capacity, and will be fully operational by Q2 2024.
The new factory complements the company’s existing sites in Vietnam, China, the US, and Germany, enhancing the resilience and flexibility of its supply chain. It will also generate significant employment opportunities for the local area. Once complete, the factory will employ approximately 1200 people.
“Our new facility in Perak is fundamental for XP Power in delivering our ambitious growth aspirations over the next five to ten years,” said Gavin Griggs, CEO of XP Power, which has its global headquarters in Singapore.
“The demand for our mission-critical power products is very strong across the entire power range and set to increase over the next decade. Before deciding on Perak, we carried out an extensive global study to identify the best location for the site. The combination of the location, availability of key talent, environmental credentials, and welcoming approach to investors made it an easy choice. We are excited for the future of XP Power and see Perak as a key part of our growth story.”
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