Monday, 22 January 2024 12:58

EDA Industries in Milan for an important meeting with Malaysian Minister of Investment, Trade and Industry, Malaysian Ambassador to Italy and Malaysian Investment Development Authority (MIDA)

We are glad to announce that we have recently participated in an important business meeting organized in Milan by the Malaysian Investment Development Authority (MIDA). This session also hosted the Malaysian Minister of Investment, Trade and Industry, YB Senator Tengku Zafrul Aziz, the Malaysian Ambassador to Italy, H.E. Zahid Rastam, as well as MIDA Top Management, guided by CEO Datuk Wira Arham Abdul Rahman.

During the event, we had the honor to present our company and our significant investments in Malaysia, sharing our industrial plans to ensure new business and collaboration. In particular, we focused the attention on the acquisition of a new plant in Jasin (Melaka) of about 5.000 sqm which should be officially operative by Q2 2024.

«This ambitious project - says Fortunato Palella, CEO of EDA Asia - has been activated since last year to increase production capability of latest model of EDA Burn-in chambers in Malaysia and to better satisfy the relevant Automotive market demand for test equipment, which will be particularly used for the growing electric vehicles segment. The large request for EDA Industries equipment is the result of the considerable investments that, during the last years, we have made on new SiC and GaN technologies. For this, the new plant in Jasin will be strategical to support EDA growth, being useful to set Reliability and Burn-in Service support, as well as to establish an R&D Center in Malaysia».

We are really pleased for this opportunity to meet at one time the Minister of Investment, Trade and Industry, the Malaysian Ambassador to Italy and MIDA top management, that we thank from the bottom of our hearts for the great hospitality and much more for the great support given to EDA in relation to our investments and operations in Malaysia. Also in the future, EDA Industries will continue to cooperate with MIDA and Government Authorities to consolidate actual industrial projects and to ensure further investments and a meaningful presence in Malaysia.