The Launching Of Optics Balzers At Penang

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GEORGE TOWN, Nov 18 – Optics Balzers, who founded in the village of Balzers, in the Principality of Liechtenstein, in 1946, was officially launched by Penang Chief Minister Lim Guan Eng here this morning. Optics Balzers production sites are in Liechtenstein as Balzers, in Germany as Jena and now here in Penang! 

Lim said Malaysia’s have a good economic and industrial environment as well as Penang’s good track record, good governance, competent logistics and availability of human talent has been pivotal for deciding to locate here. He said Penang’s investment has also increased by 87% for the 8 year period from 2008-2015 of RM54.9 billion compared to the previous 8 year period 2000-2007 of RM29.4 billion, an increase of RM25.5 billion and 128,317 new jobs have been created.

“For this year until August 2017, Penang is No.3 in Malaysia with RM3.77 billion in investments. The future markets of Optics Balzers are high-tec applications to aid or enhance human perception of reality (“augmented reality”), creation of visual worlds formerly not visible to the eye (“virtual reality”) and are mini- or pico-projectors,” Lim said during the launching ceremony.

“The demand for these devices is enhanced further by two current mega trends which call for sophisticated optical components. The first is “wearables”, micro computer devices which are worn on the body and assist in everyday activities and “internet of things (IoT)”, a network of intelligent physical objects which increasingly replace computers,” he said.

In additional, Lim also said that there were around 15 people from Malaysia were at head office in Liechtenstein for training and around 10 people from Balzers travelled to Malaysia to work for the new site in Penang. He also added that Optics Balzers will be creating approximately 200 job opportunities in Penang with an investment value for the first 5 years of RM72 million.

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