U.S.-based Bose to open manufacturing plant in Malaysi

KUALA LUMPUR, May 7 (PNA/Xinhua) -- U.S.-based professional audio equipment maker Bose Corp. announced Monday plans to build its first manufacturing plant in Asia.


The manufacturing plant would be built on a 9.2-hectare site in Batu Kawan in Malaysia's industrial Penang state and is to open by mid-2013.

"We know Malaysia is the right place for our investment as the country knows how to protect it," Bose Corp's manufacturing and global supply chain Vice President Bryan Fontaine told a press conference.

He said the company is "reconsidering its footprint in the U.S., " although it has not closed any operations there.

Fontaine, however, declined to disclose the size of the company 's investment in Malaysia.
Bose's plant in Penang would be a distribution hub for its Asia Pacific business in Australia, China, India, Japan, the UAE and the ASEAN countries.

The company runs five manufacturing facilities, two in the United States, two in Mexico and one in Ireland.
Founded in 1964, the company employs over 9,000 staff and recorded over 2.5 billion U.S. dollars in annual sales last year. (PNA/Xinhua)
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