Sony to shut a Malaysia factory, consolidate facilities

© Reuters. FILE PHOTO: Sony Corp’s logo is seen at its news conference in Tokyo

By Liz Lee

KUALA LUMPUR (Reuters) – Sony Corp will close a factory in Malaysia next year to consolidate its operations in its other plant in the state for efficiency, the Japanese electronics giant said on Saturday.

The company told Reuters in an email to Reuters that it always takes into account market conditions, business growth potential and other factors, as part of a continuous review of its investments and business operations. 

“As part of this review, Sony will consolidate its manufacturing operations by transferring its operations in Penang to Selangor, to further enhance operational efficiency,” said Penang-based Human Resources Division head Ric Ong.

Operations at the plant will end by Sept. 30 and it will shut by the end of March 2022, affecting about 3,600 employees in Penang.

Some of the Penang employees will be transferred to the other plant, Penang’s trade chairman Abdul Halim Hussain told local news portal FMT on Thursday.

Penang in northern Peninsular Malaysia has for decades been a manufacturing hub to many foreign electrical and electronics brands, including Intel Corp (NASDAQ:), Panasonic Corp and Dell Technologies Inc.

Sony began operations in Malaysia in October 1973, marketing, selling and servicing consumer electronics products, as well as broadcast and professional products and solutions, its website said.

The Penang plant mainly produces home audio, network Walkman, headphones and battery products, while the Selangor plant near the capital Kuala Lumpur manufactures LCD TV, Blu-ray Player and other key components.

READ  Struggling Local Governments May Get Help From the Private Sector
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Please enter your comment!
Please enter your name here