- Business
- P.I.E. Industrial Berhad P.I.E. Industrial Berhad engages in investment holding and the provision of management services through its subsidiaries, which deliver fully integrated electronics manufacturing services (EMS) and wire and cable production for industries including computer, telecommunications, consumer electronics, automotive, medical, elevator, and robotics sectors. The group operates primarily in three segments: manufacturing of industrial products, encompassing cables and wires for electronic devices, cable moulding compounds, printed circuit board (PCB) assemblies, cable and wire harnesses, fixed and handheld barcode readers, plastic parts for electrical appliances, and cable assemblies; trading of electronic materials, such as peripheral products for computers, telecommunications, consumer electronics, and cable assembly components; and investment holding. Incorporated in 1997 and headquartered in Seberang Perai, Penang, Malaysia, with registered office in George Town, Pulau Pinang, the company maintains manufacturing facilities in Malaysia and Thailand, serving markets across Malaysia, other Asia Pacific countries including ASEAN regions like Thailand and Indonesia, the United States, Europe, and Africa; it functions as a subsidiary of Pan Global Holding Co. Ltd., with key subsidiaries including Pan-International Electronics (Malaysia) Sdn. Bhd. for one-stop contract electronics manufacturing, Pan-International Wire & Cable (Malaysia) Sdn. Bhd. for wire and cable production, Pan International Electronics (Thailand) Co., Ltd. for cable and wire harness assembly (shareholding diluted to 55% effective 12 January 2024 following new shareholder allotment), PIE Enterprise (M) Sdn. Bhd., P.I.W. Enterprise (Malaysia) Sdn. Bhd. for trading raw cables and assemblies, and Pan-International Corporation (S) Pte. Ltd. In recent developments, the group invested RM88.29 million in capital expenditures during FY2024 for machinery, equipment, and factory expansions including Plant 6 operational for switch manufacturing, Plant 5 and Plant 3 optimizations freeing 90,000 sq ft for new clients, and solar panel installations to reduce electricity costs; it pursues growth via the "Vietnam +1" strategy with advanced discussions for new Foxconn Group-linked customers in automotive, robotics, medical, and telecom amid U.S. tariff uncertainties and labor constraints in Vietnam, alongside ongoing negotiations with Customer N for potential return, production of network switches for data centers, entry into supercomputer and drone sectors, and plant readiness by Q1'25 and Q3'25 to support higher orders despite challenges like customer withdrawal, foreign exchange losses, and minimum wage hikes to RM1,700 effective February 2025.