Industry News


27 June 2019 - E&E players urged to grab opportunities
  1. More The electrical and electronics (E&E) sector should seize the opportunities arising from the United States-China trade war to grow the industry
27 June 2019 - Selangor in talks with Airbus to set up region's first aircraft teardown facility
  1. More Selangor is exploring possibilities to attract investment in the aircraft teardown services and is currently in talks with the European aircraft manufacturer, Airbus, to set up the facility in the State, Menteri Besar Amirudin Shari announced
26 June 2019 - VS Industry net profit soars on strong local ops
  1. More ​Electronics manufacturing services firm VS Industry Bhd says net profit in the third quarter ended April 30 jumped, as strong performance by its operations in Malaysia offset weak contributions from overseas
26 June 2019 - Natural gas industry can play pivotal role in Malaysia's sustainable future
  1. More ​Malaysia´s natural gas industry can play a pivotal role in fuelling a sustainable future for the country
26 June 2019 - UMW Toyota celebrates 50 years of car production
  1. More The joint venture between UMW Holdings Bhd and Toyota Motor Corp celebrated its 50th year of vehicle production in Malaysia at its RM2 billion plant in Bukit Raja
26 June 2019 - Tashin to spend RM25mil to expand operations
  1. More ​Tashin Holdings Bhd, scheduled to be listed on Aug 1 on the ACE Market, plans to utilise about RM25mil to expand its business operations this year
26 June 2019 - PetChem, Plastic Energy explore possibility of setting up plant to recycle plastics waste
  1. More Petronas Chemicals Group Bhd (PetChem), the petrochemical arm of Petroliam Nasional Bhd (Petronas), is collaborating with Plastic Energy Ltd, a chemical recycling company, to address plastics waste that cannot be recycled by conventional means in Malaysia
24 June 2019 - Taiwanese firm opens RM1bil plant
  1. More Taiwanese firm Hotayi Electronic (M) Sdn Bhd has reinvested RM1bil to expand its production facility in Penang
24 June 2019 - Vitol building Malaysian oil refinery to meet new low-sulphur ship fuel rules
  1. More ​Vitol, the world's largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia that will provide low-sulphur fuel for ships, a senior company official said
23 June 2019 - Malaysia´s aerospace industry now "more mature” in product supplies - MAIA president
  1. More Malaysia’s pioneering leader in the aerospace sector Datuk Naguib Mohd Nor, who is also the president of Malaysian Aerospace Industry Association (MAIA) avers that the country’s role in the global aerospace supply chain has become “more mature.”
22 June 2019 - i-Stone eyes RM39m from ACE Market listing
  1. More i_Stone Group Bhd, a local manufacturing automation machines specialist, plans to raise RM39.1 million from its listing on Bursa Malaysia's ACE Market
21 June 2019 - High-tech investment: Are we there yet?
  1. More Malaysia’s manufacturing capabilities have expanded since the country embarked on industrialisation in the early 1980s, and it has since moved at a rapid pace and is well known as an electrical and electronics (E&E) hub for multiple global multinationals
20 June 2019 - MSM to diversify revenue stream
  1. More Refiner plans to introduce several sugar-based products at end of 2019
20 June 2019 - Petronas, Aramco start naphtha cracker at new Pengerang refinery
  1. More Petroliam Nasional Bhd (Petronas) and Saudi Aramco have started operations at their new 1.2-million-tonnes-per-year naphtha cracker, multiple sources familiar the matter said
20 June 2019 - Apple considering relocating China plant to Malaysia
  1. More Malaysia has been named as among several countries being considered by iPhone maker Apple, which is looking to reduce its production capacity in China by between 15 and 30 per cent, Nikkei Asian Review reported
19 June 2019 - Top Glove shares up on company's capacity expansion news
  1. More ​Shares of Top Glove Corporation were higher on news the biggest nitrile glove producer is expanding capacity to produce between 25 billion and 30 billion gloves annually
19 June 2019 - MED seeks to integrate local SMEs into global aerospace supply chain
  1. More ​The International Paris Airshow 2019 has provided an opportunity for the integration of Malaysian small medium enterprises (SMEs) into the global aerospace supply chain
19 June 2019 - German companies can help Malaysia in sustainable biogas projects -- MGCC
  1. More ​German companies can help Malaysia in the development of sustainable biogas projects, said Malaysian-German Chamber of Commerce and Industry (MGCC)
19 June 2019 - Rapid set to boost refined fuel exports
  1. More Malaysia to be net exporter when commercial ops start in Q4
19 June 2019 - Malaysia to be net exporter of refined fuels again
  1. More ​Malaysia will restore its status as a net exporter of refined fuels upon the commencement of full commercial operations in the Refinery and Petrochemical Integrated Development (Rapid) slated for the fourth quarter of this year (4Q19), said Finance Minister Lim Guan Eng
19 June 2019 - Top Glove set to be world’s largest nitrile glove maker
  1. More Top Glove Corp Bhd is expected to overtake Hartalega Holdings Bhd to become the world’s largest nitrile glove manufacturer by volume by next year, according to its executive chairman Tan Sri Lim Wee Chai
19 June 2019 - Top Glove aims to be biggest nitrile glove producer
  1. More Top Glove Corp Bhd is targeting to be the biggest nitrile glove producer in the world by the end of this year with total production of between 25 billion and 30 billion gloves per year
18 June 2019 - Sarawak looking at hydrogen sales for revenue
  1. More ​Sarawak is looking at producing hydrogen and other commodities to derive revenue for the state’s coffers through the imposition of a sales tax, says Chief Minister Datuk Patinggi Abang Johari Tun Openg
18 June 2019 - RAPID to start commercial operations in Q4 2019 – Lim
  1. More ​The Refinery and Petrochemical Integrated Development (RAPID) project is set to begin commercial operations in the fourth quarter of this year (Q4 2019), said Finance Minister Lim Guan Eng
18 June 2019 - Medical devices investment a priority – MIDA
  1. More ​The Malaysian Investment Development Authority (MIDA) is increasing its focus on the medical devices industry which has been identified as one of the industries with high growth potentials under the 11th Malaysia Plan
18 June 2019 - OGA showcase latest innovations in petrochemica, O&G industries
  1. More Asia's leading exhibition for the petrochemical and oil and gas (O&G) industries kicked off here, with greater and networking opportunities for exhibitors and visitors
17 June 2019 - Gamalux Oils projects higher demand from Europe for its 'green' products
  1. More Amid the uproar over the European Union's discriminatory move against palm oil, a player in the Malaysian palm oil downstream sector seems unperturbed and is expecting better demand for its products this year from European clients
17 June 2019 - US’ Sanmina shifts production to Penang from China amid trade spat
  1. More Uncertainties from the US-China trade war has caused the US–based Sanmina Corp, which has taken over the production business of Motorola Solutions here to temporary relocate from China to Penang
17 June 2019 - High demand seen for green gloves
  1. More Top Glove looking for business partners in Europe and US
17 June 2019 - Pentamaster diversifies to broaden income base
  1. More ​Pentamaster Corp Bhd is diversifying to supply automation systems to the medical, consumer electronic, and logistic industries to broaden its income base
16 June 2019 - Malaysia aspires to be E&E hub despite US-China tech war
  1. More ​With the escalating technology war between the United States and China, giant tech companies have had to slash their future revenue forecast due to looming concerns over the tensions between the two economic superpowers
15 June 2019 - Scientex aggressively expanding land bank
  1. More ​Packaging materials maker and property developer Scientex Bhd is aggressively stocking up on its land bank, at a time when most developers are taking it slow when it comes to acquiring and developing land due to the overhang in properties
15 June 2019 - Alliance Steel's investment creates RM530 mln business opportunities
  1. More ​Alliance Steel (M) Sdn Bhd (ASSB), the largest investor in the Malaysia-China Kuantan Industrial Park (MCKIP), has created RM530 million worth of business opportunities since it was established three years ago
14 June 2019 - Johor aims to be investment destination for China companies, says exco
  1. More Johor International Trade, Investment and Utility Committee chairman Jimmy Puah Wee Tse today said the state aims to be China’s investment destination of choice in the manufacturing sector by the end of this year following an ongoing trade war between the United States and China
13 June 2019 - DRB-Hicom unit sets up JV firm to provide R&D
  1. More ​DRB-Hicom Bhd, via unit Proton Edar Sdn Bhd (PESB), is setting up a joint-venture (JV) company to provide research and development (R&D), sales and services of vehicle connectivity, digital cockpit, safety, autonomous vehicle and Internet of Things (IoT) technology-related products
13 June 2019 - HPMT cautiously upbeat, aims to stay competitive globally
  1. More Cutting tools manufacturer and distributor HPMT Holdings bhd is cautiously optimistic about the outlook of the industry amid global economic challenges
13 June 2019 - All eyes on ECRL civil works
  1. More 1,321 firms submit their interest during pre-qualification exercise
12 June 2019 - Senior Plc´s new facility to ramp up capacity, speed up process
  1. More ​UK-based Senior Plc’s second aerospace facility at Malaysia International Aerospace Centre here would increase its manufacturing capacity by 140 per cent, enabling the company to maintain its status as the leader in aerospace component manufacturer and systems provider
12 June 2019 - Bioalpha to boost exports of health supplements, eyes personal care business
  1. More ​Bioalpha Holdings Bhd unveiled its three-pronged strategy to boost its exports of health supplements, venture into the personal care segment and also open more retail pharmacy outlets
12 June 2019 - 5G network likely to spur demand for semiconductor components
  1. More The long-term outlook for the technology sector remains bright as a commercialisation of the 5G network could spur demand for semiconductor components despite a lull at the moment, according to UOB Kay Hian Research
12 June 2019 - DRB-Hicom's unit forms JV to enhance tech know-how
  1. More DRB-Hicom Bhd’s subsidiary, Proton Edar Sdn Bhd (PESB), is proposing to form a joint venture company (JVCO) to enhance its knowledge in automotive-related high digital technology
11 June 2019 - China firm plans RM21bil investment in Sarawak
  1. More Group to set up integrated petrochemical complex in Lawas
11 June 2019 - CTB swings into expansion mode
  1. More Company plans to enter new markets in 2 years, ramp up adoption of technologies
11 June 2019 - 2 Chinese firms sign deal to invest RM5b
  1. More Two Chinese companies, Beijing BECA Sci-tech Co Ltd and Sinopec Engineering Inc, have inked a memorandum of understanding (MoU) with the Sarawak government to invest US$5 billion (RM20.8 billion) for the development of an integrated oil and gas (O&G) complex in Lawas
10 June 2019 - More local companies benefitting from trade war
  1. More PIE Industrial and Wegmans in negotiations with China-based firms
10 June 2019 - SCIB eyes Sarawak projects
  1. More Industrialised building system products supplier confident of winning multimillion ringgit bids
08 June 2019 - DRB-Hicom gets lift from Proton
  1. More Conglomerate posts first full year of operating profit in three years on the success of X70
08 June 2019 - 'Country has potential to be leader in E&E industry'
  1. More Malaysia has the potential to become a leader in the electrical and electronics (E&E) industry only if local players upgrade their manufacturing capabilities, said SEMI Southeast Asia
07 June 2019 - Woongjin Coway in talks to boost investments in Malaysia
  1. More Woongjin Coway, a leading water and air care specialist from South Korea, is in talks with government agencies to pump more investments into its Malaysian operations
07 June 2019 - South Korea’s OCI raises annual capacity after operations revamp
  1. More Operation rate of Poly-Si is expected to normalise after the maintenance in the first quarter
07 June 2019 - Top Glove launches biogreen biodegradable nitrile gloves
  1. More Glove Corp Bhd has officially launched its flagship green product, biogreen biodegradable nitrile gloves (powder-free), in conjunction with World Environment Day
05 June 2019 - Petron spending US$100mil to upgrade PD refinery
  1. More Petron Corp is spending US$100mil until next year to complete the upgrade of its refinery in Malaysia and allow it to produce Euro 5 diesel, the Philippines Star reported
03 June 2019 - Proton a growth engine for DRB-Hicom
  1. More ​Because of the surge in tax bill to RM230.67 million, DRB-Hicom Bhd’s annual net profit came in substantially lower at RM122.87 million for the financial year ended March 31, 2019 (FY19) versus RM91.58 million in the preceding year
03 June 2019 - PGB inks heads of agreements to expand industrial gas facility
  1. More ​Petronas Gas Bhd (PGB) has signed five Heads of Agreement to pursue the expansion of an industrial gas facility and supply of nitrogen with several Petronas Chemicals Group Bhd subsidiaries
03 June 2019 - Malaysian manufacturers upbeat on future output volume : Nikkei
  1. More ​Malaysian manufacturers were the most upbeat towards future output volumes since October 2013, which was a multi-year high, despite the current manufacturing trend taking a dip
01 June 2019 - NHF allocates RM30m capex for 2019
  1. More Automotive parts solutions provider New Hoong Fatt Holdings Bhd (NHF) has allocated RM30 million in capital expenditure (capex) for the financial year ending December 31 for product coverage expansion and human capital development
01 June 2019 - Deputy minister: Kenaf processing plant to be built in Jasin, Melaka
  1. More The Primary Industries Ministry through the National Kenaf and Tobacco Board will build a small-scale processing plant for kenaf crops estimated to cost around RM1 million in the Jasin district here
29 May 2019 - Hengyuan spends US$205m on 4 infrastructure projects
  1. More Hengyuan Refining Co Bhd is spending US$205.3 million (RM852 million) in capital expenditure this year on four ongoing major infrastructure projects
29 May 2019 - Guan Chong to double grinding capacity in next 5 years
  1. More The world's fourth-largest cocoa grinder, Guan Chong Bhd, targets to double its grinding capacity in the next five years, catalysed by growing sales volume
27 May 2019 - KKB increases capex to RM30mil
  1. More Firm wants to invest more in automation and ICT at its steel fabrication yard
27 May 2019 - Leiking: Malaysia committed to role as biofuel tech player
  1. More ​As one the world’s major palm oil producers, Malaysia will continue to play a major role in ensuring that palm oil remains a sustainable and eco-friendly fuel replacement for the world markets, said Minister of International Trade and Industry, Datuk Darell Leiking
27 May 2019 - Malaysia committed to key role as sustainable biofuel player
  1. More Malaysia will continue to play major role in ensuring that palm oil remains a sustainable and eco-friendly fuel replacement for the global markets
24 May 2019 - Kossan eyes double-digit growth
  1. More Rubber glove maker Kossan Rubber Industries Bhd is targeting a double-digit growth in revenue for the financial year ending Dec, 31, 2020 (FY20)
24 May 2019 - UMW allocates RM607mil for capex
  1. More Company to upgrade Shah Alam plant, buy new heavy machinery
24 May 2019 - Kossan output set to increase
  1. More Completion of 2 plants this year will boost production to 32b pieces annually
24 May 2019 - UMW plans to spend RM607m this year
  1. More UMW Holdings Bhd is allocating RM607 million in capital expenditure (capex) for the financial year ending December 31
24 May 2019 - Mestron aims to raise RM25.28m
  1. More Steel pole maker Mestron Holdings Bhd expects to raise RM25.28 million from its proposed listing on Bursa Malaysia's ACE Market
23 May 2019 - First phase of Kedah Rubber City to be completed by next year — Mukhriz
  1. More ​The first phase of Kedah Rubber City (KRC), encompassing 500 acres of Ladang Bukit Ketapang, will be completed by next year, said Kedah Menteri Besar Mukhriz Mahathir
23 May 2019 - Mestron's expansion to more than double production capacity
  1. More ​Mestron Holdings Bhd, which is slated to relist on the ACE Market on June 18, expects the expansion of its manufacturing facility to more than double its production capacity of steel poles
23 May 2019 - Automotive, M&E segments boost UMW's Q1 performance
  1. More UMW Holdings Bhd's net profit increased 16.8 per cent to RM86.5 million in the first quarter ended March 31 on back of higher revenue across its core automotive and manufacturing and engineering (M&E) segments
23 May 2019 - It´s prime time for Plan B: SilTerra
  1. More ​As US-China trade tensions escalate, local electrical and electronics (E&E) players are hoping to see light at the end of the tunnel
23 May 2019 - Industrial property seen stable despite increase
  1. More Property overhang in the sector up 18% in 2018
23 May 2019 - US-China trade war to have limited impact on Kossan
  1. More ​Rubber glove manufacturer Kossan Rubber Industries Bhd expects to see limited impact from the current US-China trade war, said group managing director and chief executive officer Tan Sri Lim Kuang Sia
21 May 2019 - PwC: High-tech manufacturing, consumer goods and infrastructure are areas of potential high growth
  1. More ​High-tech manufacturing, consumer goods and infrastructure are three areas of potential high growth in the next few years, said PwC Growth Markets Centre leader and partner David Wijeratne
20 May 2019 - Elsoft to make embedded controllers for test equipment
  1. More ​Elsoft Research Bhd is diversifying into the production of embedded controllers for medical instruments and automated test equipment for infrared and laser devices
20 May 2019 - MCKIP a boost for export of Malaysian brands
  1. More ​The Malaysia-China Kuantan Industrial Park (MCKIP) has the potential of producing Malaysian brands good enough for the international stage
20 May 2019 - Malaysia´s textile industry can gain from US-China trade war
  1. More ​Several German exhibitors at TechTextil 2019 here believe that Malaysia’s textile industry, seen by many as a “sunset industry”, has potential to reassert its position in the global markets
18 May 2019 - Dialog gets a boost
  1. More Company set to profit from Pengerang Deepwater Terminal expansion
17 May 2019 - Kumpulan Perangsang Selangor buys plastic injection moulding firm for RM311.25m
  1. More ​Kumpulan Perangsang Selangor Bhd (KPS) is acquiring plastic injection moulding company Toyoplas Manufacturing (Malaysia) Sdn Bhd for RM311.25 millio
16 May 2019 - Rubber glove sector to gain from US-China trade war
  1. More Tariff hike could see shift in US glove demand to Malaysia
16 May 2019 - Malaysia's mechanical and electrical exports to reach RM43b in 2020, says deputy minister
  1. More The country’s mechanical and electrical (M&E) export is growing steadily and projected to reach RM43 billion in 2020
14 May 2019 - WIPRO Unza targets RM1b revenue
  1. More Optimism driven mainly by healthy demand for halal personal care products globally, says CEO
14 May 2019 - Greatech seeks to raise RM73mil from IPO
  1. More Penang company also plans to start operations in US, China
14 May 2019 - Seacera inks MoU with S. Korea firm for LED factory
  1. More ​Seacera Group Bhd has tied up with South Korea’s KR EMS Co Ltd to look into the possibility of building a factory to produce light-emitting diode (LED) products in Malaysia
14 May 2019 - Sarawak’s hydrogen plant ready to go
  1. More Sarawak is inching closer to exporting hydrogen with the test-commissioning of its hydrogen production plant and refuelling station here
14 May 2019 - Taiwan´s machinery industry keen to tap Malaysian market
  1. More ​Taiwan’s machine-tool industry, which has been aggressively driving its research and development efforts in areas such as “smart manufacturing”, is keen to tap opportunities in Malaysia amid the growing global uncertainties
11 May 2019 - Seacera aims to set up LED production plant
  1. More ​Seacera Group Bhd (Seacera), is eyeing to set up a light emitting diode (LED) production plant in Tangga Batu, Melaka
10 May 2019 - TT Vision bullish on semiconductor sector
  1. More ​TT Vision Holdings Bhd is aggressively increasing its efforts to penetrate more markets as it aims to ride on the growth of the semiconductor sector in the next three to five years
10 May 2019 - TT Vision sets aside RM4m capex
  1. More Bayan Lepas plant upgrade set to be completed by third quarter
09 May 2019 - KL still 4th cheapest in building cost
  1. More Kuala Lumpur stands as the fourth cheapest city in term of construction cost, according to International Construction Costs 2019 published by Arcadis
09 May 2019 - Sarawak's first Hydrogen Production Plant to be commissioned May 27
  1. More ​The testing and commissioning of Sarawak’s first Hydrogen Production Plant and Refuelling Station is expected to be completed by May 27, said Chief Minister Datuk Patinggi Abang Johari Tun Openg
08 May 2019 - MITI revises anti-dumping duties
  1. More The Ministry of International Trade and Industry (MITI) has revised anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating or exported from China, South Korea and Vietnam
08 May 2019 - Smart manufacturing in backend process vital for business growth
  1. More ​Companies, especially those in the electrical and electronics manufacturing industry, are encouraged to adopt smart manufacturing in their backend process to reap the potential benefits of digitalisation, said SEMI Southeast Asia president Ng Kai Fai
07 May 2019 - Mah Sing plans to set up IBS plant in Southville City
  1. More Mah Sing Group plans to set up a permanent Industrialised Building System (IBS) precast concrete plant in its township Southville City, KL South, in collaboration with potential partners from China
07 May 2019 - CE Technology to raise RM12.48 mln to fund expansion plans
  1. More ​Malaysia's second largest cleanroom gloves exporter, CE Technology Bhd aims to raise RM12.48 million from the listing on the Leading Entrepreneur Accelerator Platform (LEAP) Market of Bursa Securities, which will be utilised mainly for its expansion plans
06 May 2019 - CCM to reap rewards
  1. More Capacity expansion investments to show results
04 May 2019 - YTL cement its position
  1. More YTL Cement’s purchase of 51% in Lafarge Malaysia puts it in a dominant position in the cement industry
03 May 2019 - Daibochi acquires flexible plastic packaging player for RM125 mln
  1. More ​Leading flexible packaging manufacturer Daibochi Bhd has proposed to acquire the entire equity of flexible plastic packaging (FPP) player Mega Printing & Packaging Sdn Bhd (MPP) for RM125 million in cash
03 May 2019 - F&N eyes new market opportunities
  1. More Drinks with lower sugar content to cater to health-conscious consumers
02 May 2019 - Malaysia manufacturing PMI rises to 7-month high in April to 49.4
  1. More ​Malaysia’s Nikkei Manufacturing Purchasing Managers’ Index (PMI) rose markedly to reach a seven-month high in April amid a return to growth for export orders


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Last Updated : Wednesday 17th July 2019