WASHINGTON, DC (May 12): Global leader in tubeless insulin pump technology Insulet Corporation has planned to establish an insulin management facility in Johor on June 2 with a “significant amount” of investment, said Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.
Azmin said the initial phase of the investment is expected to create about 500 quality high-skilled jobs for local talent.
“The success of this investment is not just in capital investment, but also to help build the supply chain ecosystem for our small and medium enterprises,” he told Bernama on the sidelines of the Hari Raya Aidilfitri celebration with Prime Minister Datuk Seri Ismail Sabri Yaakob here on Wednesday evening (May 11).
Azmin is currently on a 10-day trade and investment mission in the US since May 8, while Ismail Sabri arrived here on Tuesday for a four-day working visit, including meeting US President Joe Biden and ASEAN leaders.
According to Azmin, Insulet has a long-term investment plan in Malaysia as it sees the country as a medical device manufacturing hub for it to cater to demand from not only Malaysia, but also from the region and other export markets.
He said a “big announcement” will be made on June 2 in conjunction with the launch of the new facility in Johor.
Insulet is an innovative medical device company producing Omnipod, an automated device used for diabetic patients to administer insulin.
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