Fort Collins’ Advanced Energy Opens New Plant in Malaysia
A Fort Collins company, Advanced Energy Industries, Inc., has opened a new facility in Penang, Malaysia.
The 178,000-square-foot center "has begun commercial operations and started to deliver products" to customers, according to Advanced Energy.
According to the press release, when Advanced Energy's new Malaysia facility is completed it will "manufacture a variety of precision power supplies and generator products and is expected to employ approximately 550 on-site associates inclusive of key roles in operations, electronics manufacturing, test engineering and new product introduction".
“These are exciting times for us as we expand in Southeast Asia to meet the region’s growing presence in technology production. With our global customer base and broad portfolio of precision power products, we continuously evaluate ways to optimize our production footprint and how to best serve our customers. The new facility in Penang will not only enable us to get physically closer to many of our customers in the region but also provide greater business continuity and redundancy."
Neil Brinker, executive vice president
and COO of Advanced Energy
Advanced Energy is headquartered in Fort Collins and has been around for three decades.