Insulet, a Massachusetts-based tubeless insulin pump technology provider with its Omnipod brand of products, is set to break ground on its new manufacturing facility in Malaysia.
Located in Johor Bahru, the new facility will produce Omnipod Insulin Management System.
It will have approximately 400,000ft2 of manufacturing space.
Insulet executive vice president and chief operating officer Chuck Alpuche said: “We are taking an important step to further diversify globally and ensure our valued customers continue to have uninterrupted access to our life-changing products.
“This new Malaysian factory will help support our fast-paced growth, robust innovation pipeline, and global expansion.”
The company plans to invest $200m over five years and hire over 500 full-time employees once the facility is running at its full capacity.
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Insulet anticipates the manufacturing facility to be operational by the middle of 2024.
Construction of the facility will see use of environmentally responsible and resource-efficient materials.
Its architectural design features use of sustainable elements that qualify for Green Building Initiative (GBI) and Leadership in Energy and Environmental Design (LEED) certification.
Johor State Investment, Trade and Consumer Affairs Committee chairman Lee Ting Han said: “We are pleased to welcome Insulet to Malaysia as the medical device company expands their manufacturing capabilities.
“This project validates Johor’s attractiveness as a top international investment destination. We believe this new facility will play an important role in the development of the State, driving the economy and creating jobs. The Johor State Government continues to welcome high-impact businesses from around the world to ensure Johor remains the preferred location for quality investments.”
Image: Located in Johor Bahru, the new facility will produce Omnipod Insulin Management System. Credit: Business Wire/ Insulet Corporation.