MELAKA (July 20): German-based global optical sensor manufacturer Leuze Electronic Malaysia Sdn Bhd plans to increase its investment to RM200 million in the near future with the operation of its new plant in Bukit Rambai here early last year. "Leuze Electronic is expected to double its investment (here) and the State government will help it in its expansion," he told reporters after officiating at Leuze Electronic here on Wednesday. Also present was senior State Executive Councillor for investment, industry and entrepreneur development Datuk Seri Ab Rauf Yusoh. Meanwhile, Ab Rauf said investments by German companies in Melaka reached almost RM15 billion, including that from Leuze Electronic and Infineon Technologies (Malaysia) Sdn Bhd. He said these investments by almost 10 German companies underscores Melaka as one of the best investment destinations.


Source:   The Edge Markets
July 21, 2022 04:49 UTC