FOM’s first financing in Malaysia
On August 10th 2012, FMO signed a contract with Core Teq Sdn Bhd, (“Core Teq”) with respect to the financing of state-of-the-art equipment for the operations in Johor Malaysia. Core Teq is part of the Scherpenzeel Group (“Scherpenzeel”).The investment is funded through FMO’s Dutch government-backed Facility Emerging Markets (FOM – Faciliteit Opkomende Markten).
Since the founding in 1960, Scherpenzeel has evolved into a leading producer and developer of high precision shafts, rollers and roller-assemblies. Besides the production for the European and US-markets the company is specialized in R&D, design and innovation.
In January 2012, Core Teq moved into a new plant. This new location covers over 5.500m2 and is well designed for growth. In the plant, many efficiency measures have been taken in order to optimize the processes. This innovation of production processes deepens the aspect of quality. The purchase of high-tech machines such as a laser welding machine and various robot-operated equipment are an essential part of the operations. At present 50 fte’s are working in Malaysia; with the expansion another 12 jobs will be created.
