Panasonic appoints Knight Frank to sell solar cell, panel production plant
Published on: Friday, June 11, 2021
By: Bernama
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Panasonic Solar Energy Malaysia's solar panel plant in Kulim Hi-Tech Park. (Image: ditrolic-solar)
Kuala Lumpur: Knight Frank Malaysia has been appointed as the exclusive marketing agent for the sale of Panasonic Solar Energy Malaysia’s solar cell and panel production plant in Kulim Hi-Tech Park (KHTP).

The property consultant said the appointment was followed by the Panasonic Group’s announcement on its plan to cease production operations in Japan and Malaysia. 

“The 63-acre (about 25.49 hectares) plant situated in the Industrial Zone Phase 2 of KHTP comprised existing facilities, a single-storey factory annexed to a two-storey office building and other utilities building with an approximate built-up area of 70,000 square metres,” it said in a statement Thursday.

Completed in 2013, the well-maintained facility is equipped with high electricity capacity, good floor loading and a readily available nitrogen gas system, said Knight Frank Malaysia’s Capital Markets executive director Allan Sim.

He said the plant is suitable not just for other solar-related manufacturing production, but could also be easily reconfigured to cater for other usages like electrical and electronic, as well as for biotechnology and research and development.

KHTP, which is in its fourth phase of expansion, is supported by the federal government via the Ministry of Finance, Ministry of International Trade and Industry, the Northern Corridor Implementation Authority (NCIA), as well as the Kedah state government. 

With total foreign direct investments of more than RM20 billion in 2020, the fourth phase of KHTP will be home to many renowned multi-national corporations. 


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