NAFCO GROUP LAUNCHES US$40 MLN AEROSPACE MANUFACTURING FACILITY IN SEREMBAN

SEREMBAN, April 15 (Bernama) -- My Nafco Precision Sdn Bhd has unveiled its advanced manufacturing facility in Seremban, a US$40 million 10-year investment commitment.

The initial 2.3-hectare (ha) (5.8-acre) complex features 3,500 sq m (37,674 sq ft) of advanced manufacturing space. Nafco is a global leader in aerospace fasteners and precision machining components. 

"Nafco’s establishment of this advanced manufacturing facility represents a transformative moment for Malaysia's aerospace industry,” Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said in a joint statement today.

"This investment aligns perfectly with our New Industrial Master Plan (NIMP) 2030 and the Malaysia Aerospace Industry Blueprint 2030, positioning Malaysia as a premier destination for high-technology manufacturing,” he said.

The facility will serve as a catalyst for job creation, technology transfer, and the development of our local aerospace ecosystem, the statement said.

There are plans for the group to have a second facility spanning 19,000 sq m (204,514 sq ft). This is expected to be completed within two years.

The group’s president Alvin Lin said the facility will set the foundation for its vision for sustainable and intelligent manufacturing.

Nafco’s investment joins Malaysia's growing aerospace sector with RM1.5 billion in approved investments for 2024. With this expansion, Nafco has pledged to provide a diverse range of high-quality products and services, further advancing innovation in the aerospace industry while supporting Malaysia's vision to capture 5 per cent of the global maintenance, repair and operations market by 2030.

-- BERNAMA