PETALING JAYA: Automotive safety component company, Kayaku Safety Systems (Malaysia) Sdn Bhd plans to invest about RM212.5 million under phase one of its development plan to build a factory at Sendayan TechValley, Negri Sembilan that will produce airbag inflators for commercial vehicles.

The company, whose premises at Sendayan TechValley was officially opened yesterday, also plans to produce micro gas generators, squib and related pyrotechnic powders at its planned factory.

"All the management and employees are excited that our project is moving forward and we will continuously work hard to make sure commencement of the commercial operation in 2015. Kayaku expects to create approximately 300 new job opportunities within five years," Kayaku Safety Systems managing director Shinji Ichikawa said in a statement yesterday.

Incorporated in December 2012, the company is wholly owned by Nippon Kayaku Co. Ltd., Japan with a paid-up capital of RM100 million.

It signed a land purchase deal with Menteri Besar Incorporation (MBI) and Matrix Concepts Holdings Bhd to buy 38 acres in Sendayan TechValley in March 2013.

Its operations in Malaysia is expected to meet the demand of its customers for automotive safety components in this region.

Malaysian Investment Development Authority deputy CEO Datuk Phang Ah Tong said the company's facility will be a key addition that will strengthen Malaysia's automotive industry cluster and the ecosystem of supporting players.

"We are very excited that besides providing the forward-and-backward linkages, transfer of new technologies and local sourcing, this project will also create high income employment opportunities, particularly for skilled personnel such as engineers and technicians," he said.

By thesundaily.my

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