On 4 September, Hong Kong-listed Vinda International Holdings Ltd announced that it will invest more than MYR 500 million (USD 119 million) on a new regional hub in Malaysia for five years until 2023. Vinda runs four core business segments, namely tissue, incontinence care, feminine care and baby care.
The new regional hub will develop, manufacture and market all four of Vinda’s product categories, namely baby care, incontinence care, feminine care and tissue products. Located on a 27-acre site in Klang, Selangor the state-of-the-art regional hub will comprise a double-story Manufacturing plant with raw material warehouse, a finished goods warehouse, the Vinda Innovation Centre and a six-story administration block to be implemented in phases.
Vinda International Holdings Ltd Hong Kong chief executive officer Johann Christoph Michalski said Malaysia was chosen over several other countries due to good Infrastructure, diverse workforce and ease of logistics. The company is currently present in over 25 countries including India and Saudi Arabia with Malaysia being its strongest market. It also plans to employ about 1,300 staff with majority are Malaysians as part of the Vinda Group’s 11,000 workforce in Asia.
(Sources: New Straits Times; Malay Mail; Xinhua)