US Commercial Tools Firm Alton Group to Invest USD 419 Million For New Facilities in Malaysia

October 2023

Alton Industry Ltd Group, a US-based industrial tools provider, plans to invest MYR 2 billion (USD 419 million) in Malaysia, enhancing its manufacturing and research & development operations. Part of this expansion involves creating a new production facility in Johor Bahru, situated in the southern part of Malaysia.

Alton is initiating its global growth with an inaugural investment of MYR 500 million (USD 105 million) in Malaysia, with the construction of a new facility already underway. This facility is set to be a worldwide hub for R&D, focusing on their cutting-edge technology platforms. Targeted for completion in 2024, the expansion sets the stage for Alton to further enhance its production and meet the diverse needs of its international clientele.

CEO David Lu emphasized that this Johor Bahru facility will not only cater to their existing international customers but will also open doors to new markets. With operations across 75 countries, Alton offers a broad spectrum of products from household to industrial tools. This new endeavor highlights Malaysia’s rising stature as a preferred destination for global investments. Alton’s expansion aligns with Malaysia’s New Industrial Master Plan 2030, reflecting mutual goals of enhancing technology in manufacturing and creating an investment-friendly environment.

(Sources: New Straits Times; Business Today)

Our Services

Orissa International provides consulting services to companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 distributors, resellers, and system integrators, built through advising and guiding more than 5,000 companies with their market expansion into Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines over the last 25 years.