Penang, Malaysia - January 11, 2018 - Jabil Inc. (NYSE: JBL) today announced the expansion and relocation of its Global Business Center (GBC) in Penang at a tenancy agreement signing ceremony attended by The Rt. Hon. Mr Lim Guan Eng, Chief Minister of Penang, and representatives from the Penang State Executive Committee, Penang Development Corporation and investPenang. From May 2018, the GBC will relocate to GBS@Mayang to accommodate future growth.
Occupying two floors at over 72,700 square feet, the GBC will be the major tenant at GBS@Mayang. The relocation will allow for future headcount expansion to 1,000 executives, and support Jabil’s capabilities enhancement plans to move into higher value work. These include the introduction of Robotic Process Automation which will eliminate standard and repetitive work processes, and Jabil’s Intelligent Digital Supply Chain (IDSC) solutions which help companies achieve end-to-end supply chain visibility and orchestration.
“Our shared services operations form the backbone of our global operations and are integral to Jabil’s continued success. The expansion of the GBC supports Jabil’s growth strategy in leveraging the skilled talent pool and resources available in Penang, and also reaffirms our continued commitment to invest here,” said Frank Mckay, vice president of procurement and purchasing at Jabil.
“We are pleased that Jabil recognizes the many advantages and opportunities that Penang can offer businesses. Jabil’s move towards higher value work and human capital development is very much aligned with our vision to create a high value-added, high technology and knowledge-intensive global business services hub in Penang,” said The Rt. Hon Mr Lim Guan Eng.
Established in Penang since 2009, the GBC houses Jabil’s global IT, Supply Chain, Centralized Procurement and Finance functions. Presently located at Penang’s Bayan Lepas Industrial Park, it is one of the largest shared services center in Penang with 850 professionals.
Jabil is a product solutions company providing comprehensive electronics design, production and product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 29 countries, Jabil provides comprehensive, focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". For Further info, visit: jabil.com.
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Penang Development Corporation
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Corporate Communications Division
Weber Shandwick (for Jabil)
Kelvin Jude, +6012- 505 6220