Penang manufacturers feel the heat
Slowing demand: SLP workers manning a production line of plastic packaging products and plastics-related goods at the group’s plant in Kulim. For the first time, the group is seeing demand from the domestic market contracting
GEORGE TOWN: Impacted by the global economic slowdown and US-China trade war, the manufacturing sector in Penang is already feeling the heat, with some factories suspending operations and downsizing their workforce, according to InvestPenang director Datuk Seri Lee Kah Choon.
Recently, Renesas Electronics Corp announced that it would shut down operations in the country from April to September, subjecting both the front-end fabrication and back-end facilities to a temporary suspension of production.
Osram also announced in January that it would resize its Penang and Kulim operations in response to weaker growth and uncertain outlook.
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