KUALA LUMPUR: Maxeon Solar Technologies, a Singapore-based, China-linked firm, is selling its 126-acre Melaka industrial site, including a major solar panel plant, to focus on the US market. Located 17km from Melaka International Airport, the site, listed by Savills Malaysia, features an 800,000 sq ft factory, attracting data centre and manufacturing interest amid US tariff tensions. Malaysia’s 24% tariff rate, lower than Vietnam’s 48%, boosts its appeal. Maxeon’s strategic shift follows its sale of global operations to TCL Group. The US recently raised tariffs on Malaysian solar imports to 34.4%.
Maxeon
Quote: “This is a quick entry into the Malaysian industrial market.” – Datuk Paul Khong
Read More News on Business News Malaysia
Follow us on:
Read More News #latestmalaysia
Read More News on Business News Malaysia
Leave a Reply
You must be logged in to post a comment.