Malaysian company MyLED Group, which consists of MyLED Master and MyLED Opto Technology, has injected $54.90 million to expand its manufacturing capability in solid state lighting and LED industry.

The company claims to be the first local firm who will have both solid state lighting and LED manufacturing technology. The SLL technology will be under MyLED Master, while the LED technology will be under MyLED Opto Technology.

According to MyLED group chairman Datuk Fauzi,"From now until 2014, we're putting in money to expand our SSL plant to make LED chips. We'll be leveraging on Osram Opto Semiconductor's technology to start mass production from January 2012."

MYLED Group will invest in expanding their production facility at Malacca, Malaysia to meet the growing demand for SSL, which has the potential for tremendous savings via LED lighting.

MyLED Master will export its products to markets such as India and Middle East countries in two years. The facility in Malacca will also house R&D operations to further reduce costs.

MyLED Opto Technology will focus on producing LEDs for lighting applications as well as supply LEDs locally and to markets such as China, India, Taiwan and Korea.