IMin Technology, the provider of Android-based Point of Sales (POS) hardware and platform provider based in Singapore, has announced the grand opening of its cutting-edge manufacturing facility in Johor, Malaysia.
Operated through Neostra Technology Sdn. Bhd., this new plant marks iMin’s first production facility in Malaysia and represents a significant milestone in the company’s expansion strategy, the Malaysian Investment Development Authority (MIDA) said in a statement on last Thursday.
According to the statement, iMin’s expansion into Johor enhances its manufacturing capabilities and strengthens its supply chain to meet the global demand from its fast-growing clientele.
Hu Aimin, Chief Executive Officer of iMin Technology, said the plant signifies iMin’s commitment towards continued investment in innovation and advancing the level of POS hardware globally across sectors.
He shared positive sentiments about Malaysia’s business landscape and the company’s expansion as the country offers a conducive environment for business growth, with its robust infrastructure, skilled workforce, and supportive government policies.
“Our decision to establish a manufacturing facility here is a strategic move to tap into the vast opportunities that Malaysia presents,
“We are confident that our presence in Malaysia will not only enhance our production capabilities, but also contribute significantly to the local economy and community. We look forward to a successful journey ahead in this promising market,” he added.
According to the statement, the opening of this facility in Johor marks the start of more than just an expansion; it begins a dynamic exchange of knowledge and expertise.
It said iMin’s deep industry knowledge and advanced technological capabilities will facilitate a valuable transfer of information and skills to the local workforce and industry partners.
It also noted that the integration of global expertise with local insights will drive innovation and elevate industry standards, creating a collaborative environment that will benefit both iMin and the broader business community in Malaysia.
Lee Ting Han, Johor State Executive Member and Chairman of Investment, Trade, Consumer Affairs and Human Resources Committee, said iMin’s strategic decision to set up a production facility here (Johor) reflects a strong vote of confidence in Malaysia’s robust economic policies, political stability and business regulations.
He also noted that Malaysia and Singapore have shared a robust and mutually beneficial economic and trade relationship, and this collaboration will serve to keep the positive momentum going, while creating jobs and fostering innovation between the two nations.
Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, emphasized that the innovative technologies and products developed by Neostra, especially the intelligent hardware system for enterprises, will seamlessly integrate into the digitalization of industries through the Internet-of-Things (IoT) and artificial intelligence (AI) which is imperative for productivity and efficiency.
“Malaysia’s technology sector is on the brink of significant growth, propelled by strategic initiatives such as the National Policy on Industry 4.0 and the Digital Blueprint,
“Our vision is to empower Malaysians with digital skills, enabling digital powered business and driving digital transformation through AI, data analytics, cloud computing, IoT, cybersecurity, and robotics,” he said.
He also noted that MIDA as the principal investment promotion agency under MITI will continue to assume a pivotal role in fostering Malaysia’s technology sector.
IMin Technology is a Singaporean-based company that was founded in 2018.
The firm develops and manufactures a wide range of intelligent commercial hardware solutions, such as electronic cash registers (ECR), mobile POS devices, kiosks and more.
Their global footprint covers over 100+ countries.
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