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Benchmark Precision Technologies breaks ground on 5th facility in BKIP

Property News/ 18 February 2025 Leave a comment
benchmark-tech-5th-facility

Source: Buletin Mutiara

Benchmark Precision Technologies marked a significant milestone yesterday with the groundbreaking ceremony of its fifth manufacturing facility in Batu Kawan Industrial Park (BKIP). The new facility, set to be completed by June 2026, will be strategically located next to its fourth facility, further cementing Penang’s reputation as a hub for advanced manufacturing and precision engineering.

The ceremony, officiated by Penang Deputy Chief Minister II Jagdeep Singh Deo, underscores the state’s growing prominence in the global high-tech manufacturing landscape. The two-storey facility, featuring advanced production areas, cleanrooms, automated powder coating lines, and a multi-storey car park, represents an investment of RM110 million over the next 18 months. It will add 215,000 sq ft of manufacturing space, bringing Benchmark’s total footprint in Penang to 720,000 sq ft upon completion.

Group president Datuk Dr Balamurugan Sinnasamy highlighted the facility’s role in meeting the rising demand for Wafer Fab Equipment (WFE) manufacturing. “This expansion will enhance our expertise in complex module assembly and high-level system integration for leading semiconductor WFE manufacturers,” he said. The facility is expected to create over 500 jobs across various skill levels and contribute up to RM4.5 billion in annual revenue at full operational capacity.

Jagdeep praised Benchmark’s continued investment, noting its alignment with Penang’s robust industrial ecosystem, skilled workforce, and strategic global connectivity. Since its entry into Malaysia in 2007, Benchmark has played a pivotal role in the region’s economic and technological progress. Jagdeep also highlighted the significant contributions of US investors, including Benchmark, in advancing Penang’s industrial capabilities.

The event was attended by key stakeholders, including Bukit Tambun assemblyman Goh Choon Aik, InvestPenang director, and MIDA Penang director Muhammad Ghaddaffi Sardar Mohamed. This expansion solidifies Benchmark’s position as a Tier 1 contract manufacturer in Southeast Asia, while reinforcing Penang’s status as a global manufacturing powerhouse.

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