Industry News


07 March 2019 - Taiwanese investor keen to build US$40 mln factory in Negeri Sembilan
  1. More ​The Negeri Sembilan government has offered two sites to a Taiwanese investor who is keen to set up a fibre glass factory worth US$40 million (US$1=RM4.09) in the state
07 March 2019 - Sabah to get RM13bil investment at industry cluster in Lahad Datu
  1. More ​Sabah is set to receive a RM13bil investment, its single biggest so far, at the Palm Oil Industry Cluster (POIC) in Lahad Datu
07 March 2019 - Petronas launches range of e-fluids
  1. More Products part of company's pledge to address climate change
06 March 2019 - The long and short of the steel sector
  1. More The performance of Malaysian iron and steel industry has stagnated over the past five years
06 March 2019 - Rex buys land in Batu Pahat to expand beverage production line
  1. More ​Canned food and drinks manufacturer Rex Industry Bhd has acquired a piece of freehold industrial land in Batu Pahat, Johor, for RM13 million to extend its production line
05 March 2019 - Governments' decision set to boost palm-based biodiesel industry
  1. More ​The Malaysian and Indonesian palm-based biodiesel industry can expect to see some positive growth this year following the decision of both Governments to boost consumption of the biofuel
05 March 2019 - Brooke Dockyard wants more Petronas jobs
  1. More Sarawak company has tripled fabrication capacity
05 March 2019 - Dutch Lady Malaysia aims to improve operational efficiency to adapt to headwinds
  1. More ​Dutch Lady Milk Industries Bhd (Dutch Lady Malaysia), which posted a 10% rise in net profit in its financial year 2018 (FY18) despite marginally lower revenue, said it will continue to improve operational efficiency to stay agile and adapt to macro-economic headwinds in 2019
04 March 2019 - GCB to boost cocoa grinding capacity
  1. More Group positioning itself to become full-fledged global cocoa player
04 March 2019 - New investments in the form of plants expected at Malaysia-China Kuantan Industrial Park
  1. More ​The Malaysia-China Kuantan Industrial Park (MCKIP) will see new investments soon in the form of plants that manufacture industrial batteries and tyres
02 March 2019 - Manufacturers turning cautious
  1. More ​The Business Conditions Survey, which was released earlier this week by the Federation of Malaysian Manufacturers and the Malaysian Institute of Economic Research, showed that Malaysian manufacturers have turned more cautious for the first half of 2019
28 February 2019 - Poll: SST raises cost of doing business
  1. More Manufacturers turn more cautious on outlook for first half of 2019
27 February 2019 - Malaysia set to reveal flying car
  1. More It is fully driven by local technology, says minister
26 February 2019 - O&G sector on track for cyclical recovery this year
  1. More Maybank IB says firms likely to spend more on capex
26 February 2019 - Metrod invests RM1.1b in plant
  1. More New capacity will consolidate Malaysia's position as industry leader in region
25 February 2019 - YKGI expanding to Peninsular Malaysia
  1. More ​YKGI Holdings Bhd, which owns manufacturing facilities in Sarawak and Sabah which produce metal roofing products, is expanding to Peninsular Malaysia
25 February 2019 - Vitrox plans to invest up to RM300mil on Batu Kawan facility
  1. More ​Vitrox Corp Bhd plans to invest RM200mil to RM300mil to start the construction of a new design and production facility in Batu Kawan in two years
25 February 2019 - Looking to technology to reduce cost
  1. More Increased demand for smart appliances a boon for laser stencil maker
25 February 2019 - Wipro Unza targets new markets
  1. More Firm expanding into Asia and Africa this year to tap demand from Muslim consumers
25 February 2019 - Metrod aims to double sales in next 3 years with expansion of manufacturing capacity
  1. More Copper rod producer Metrod Holdings Bhd is aiming to double its turnover in the next three years by tapping into the growing demand for copper globally with the expansion of its manufacturing capacity
25 February 2019 - Selangor Aerospace Action Plan to focus on seven areas
  1. More The Selangor Aerospace Action Plan is targeting seven areas - infrastructure, regulations, market access, incentive, funding, education and training in strengthening the industry’s ecosystem in the state
22 February 2019 - Our goal to be No. 1 aerospace nation in SE-Asia
  1. More Industry's revenue to exceed RM55 billion in 2030, says minister
22 February 2019 - Geely urged to buy locally made parts
  1. More A veteran of the electrical and electronics (E&E) sector has urged Zhejiang Geely Holding Group, which manufacturers Proton cars, to consider procuring locally produced electronic car parts
22 February 2019 - SAM Engineering plant to supply parts to Airbus
  1. More New facility will be employing 200 highly-skilled workers
21 February 2019 - Automotive players urged to procure more electronic components locally
  1. More Bigger players in the Malaysian automotive industry should consider procuring electronic components from local suppliers instead of relying on imports, in a collaborative move to help develop the supply chain industry, said an electrical and electronics (E&E) industry expert
21 February 2019 - Duopharma Eyes More Niche Areas
  1. More ​CCM Duopharma Biotech Bhd, which today received shareholders’ nod for a name change as part of its corporate rebranding exercise, plans to enter more niche areas with less competition in order not to be reliant on its generic drug portfolio
20 February 2019 - Pheim bullish on technology and semiconductor sectors
  1. More ​Acclaimed asset management firm Pheim Asset Management Sdn Bhd has set its sights on the technology and semiconductor sectors this year
14 February 2019 - MHB earnings dragged down by 2 divisions
  1. More Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) slipped into the red with a net loss of RM122.69 million in the year ended December 31 2018, compared with a net profit of RM34.23 million a year ago
12 February 2019 - Press Metal sees a better year ahead
  1. More Although grappling with the rising raw material cost and weaker aluminium selling prices, Press Metal Aluminium Holdings Bhd still expects a bigger bottom line this year, barring any curve balls
12 February 2019 - Factory output growth faster than expected
  1. More Malaysia's industrial production index rose faster than expected in December, increasing 3.4 per cent from a year earlier, government data showed
12 February 2019 - O&G sector set to be next star
  1. More Government to pay greater attention to industry this year due to its potential, says deputy minister
11 February 2019 - Oil and gas sector remains in Malaysia's focus
  1. More ​The oil and gas (O&G) industry, Malaysia’s second highest export earner after electrical and electronics, will continue to be a focus area for the government this year amid the volatility in oil prices
09 February 2019 - S&P Global: Rapid set to boost Asia's refining capacity growth
  1. More With the start-up of Petronas's Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang around the corner, Asia's refining capacity growth will experience a boost this year, says S&P Global Platts
08 February 2019 - Tough year seen for Malaysian semiconductor sector
  1. More ​Malaysian semiconductor players are heading into a tough year as the outlook for the global semiconductor industry turns weaker
08 February 2019 - MPRC: O&G activities to increase despite volatile oil prices
  1. More While the oil price volatility is expected to persist this year, global oil and gas (O&G) activities will see an increase in the next few years with focus on deepwater activities, says Malaysia Petroleum Resources Corp (MPRC)
07 February 2019 - MISC was top Malaysian O&G company in 2017 — MPRC
  1. More MISC Bhd was the top Malaysian oil and gas (O&G) company in 2017 based on reported revenue, said Malaysia Petroleum Resources Corporation (MPRC)
07 February 2019 - CCM Duopharma Biotech gets approval for new drug
  1. More CCM Duopharma Biotech Bhd has secured approval from the National Pharmaceutical Regulatory Authority (NPRA) for its biosimilar erythropoietin (EPO), which adjusts red blood cell generation according to a human body's oxygen requirement
07 February 2019 - MPRC: Diversification is key to Malaysian OGSE companies' long-term survival
  1. More ​Malaysian oil and gas services and equipment (OGSE) companies must diversify their businesses to remain competitive amidst signs of greater market volatility in 2019, said Malaysia Petroleum Resources Corporation (MPRC)
07 February 2019 - SilTerra eyes RM1b revenue in 2021
  1. More SilTerra Malaysia Sdn Bhd, a leading semiconductor wafer manufacturer, is looking for potential market opportunities domestically and globally to strengthen its brand
05 February 2019 - Firms upbeat on higher output
  1. More Manufacturers in Malaysia are optimistic that their output will be higher this year, said IHS Markit
04 February 2019 - BSL sees new business potential from European firms
  1. More With the ongoing United States-China trade tension, electronic and electrical (E&E) manufacturing firm BSL Corp Bhd is seeing upside on export market and new potential business from European companies
02 February 2019 - BSL shifts focus to IBS production
  1. More Company shelving Ipoh affordable housing project due to property market slowdown
31 January 2019 - Maybank IB positive on car sector
  1. More Government initiatives expected to create a level playing field for EEV manufacturers
30 January 2019 - Guan Chong in a sweet spot on rising cocoa consumption, production
  1. More ​It should not come as a surprise that Guan Chong Bhd’s share price has been climbing steadily over the past year, with its quarterly net profit growing by leaps and bounds
30 January 2019 - A year of rebound for automotive market
  1. More After two consecutive years of contraction, the local automotive market rebounded last year. The total industry volumes (TIVs) for June and August were considerably higher than usual, exceeding the 60,000-unit mark, mainly due to a tax holiday
30 January 2019 - RM137.3b in MIDA-approved investments for Sarawak
  1. More MIDA has approved 1,120 manufacturing projects with investments worth RM137.3 billion in Sarawak as at September last year
30 January 2019 - DRB-Hicom unit, China's XQ form JV
  1. More DRB-Hicom Bhd is roping in China-based Jiangsu Xinquan Automitve Trim Co Ltd (XQ) for a RM64.4 million investment to support Proton Hol
29 January 2019 - FGV, Samyang ink ramen plant MoU
  1. More FGV Holdings Bhd and Samyang Foods Co Ltd have sealed a memorandum of understanding (MoU) to established a halal ramen (noodles) manufacturing facility in Malaysia for the local and global markets
28 January 2019 - Malaysia aims to be world halal hub
  1. More ​Malaysia with its comprehensive halal ecosystem wants to position itself as the halal hub in the Asian region, if not the world
28 January 2019 - Iljin Materials’ production of electfoil to rise to 25,000 tonnes
  1. More South Korea’s Iljin Materials Co Ltd will significantly raise the production of electfoil (electrodeposited copper foil) with the commissioning of its first overseas manufacturing facilities at Sama Jaya Free Industrial Zone here
26 January 2019 - More investors expressed interest in Sabah’s furniture
  1. More ​The Seminar on the New Era of Manufacturing for Furniture & Wood-Based Industry by Malaysian Investment Development Authority (MIDA) held on January 23, 2019 in Kota Kinabalu received encouraging interest from industry players
25 January 2019 - UMW Toyota aims sell 75,000 vehicles
  1. More UMW Toyota Motor Sdn Bhd expects to sell 75,000 vehicles this year
25 January 2019 - Qatar role in 3rd national car project?
  1. More Gulf nation may also invest in components and electric car development, says Leiking
24 January 2019 - F&N innovates as it digests sugar tax impact
  1. More Company going for smaller packages and reformulation
24 January 2019 - Perodua targets 4pc sales growth
  1. More Carmaker aims to sell 231,000 units this year
24 January 2019 - New product to help cushion impact
  1. More F&N will also speed up ventures into high potential markets
24 January 2019 - MTIB eyes RM23b timber exports
  1. More Target achievable due to FTAs with Asean, Oceania nations and strong India demand
22 January 2019 - Senai plant set to spur Tomypak's growth
  1. More Flexible food packaging producer Tomypak Holdings Bhd said its new plant in Senai, once fully completed this year, will enable it to grow further
22 January 2019 - Dutch Lady sees healthy potential
  1. More Room for growth in hotels, restaurants and catering segment, says firm
22 January 2019 - SilTerra sets sights on automotive industry
  1. More ​Chipmaker aims to be strong player in couple of years
22 January 2019 - K-One secures manufacturing agreement with US-based dental flosser
  1. More K-One Technology Bhd has secured a manufacturing agreement with a new US customer to manufacture dental water flosser that it forecasts will generate sales of about RM10 million each year, for the first three years
22 January 2019 - PRefChem commences start-up of refinery
  1. More ​Pengerang Refining and Petrochemical (PRefChem) has commenced the start-up of its refinery through the firing up of the complex’s crude distillation unit
21 January 2019 - Top Glove still in expansion mode
  1. More ​Glove maker says Aspion setback will not deter future acquisitions
19 January 2019 - Analyst: Chance for local firms to be at front seat of global evolution
  1. More The third national car project will provide an opportunity for Malaysian companies to be at the forefront of the global automotive evolution, say industry observers
19 January 2019 - Made in Malaysia lithium batteries?
  1. More MARii looking at possible production sites in Selangor or Negri Sembilan, says Madani
19 January 2019 - Wellcall gets technology boost from Sweden’s Trelleborg
  1. More ​Industrial rubber hose manufacturer Wellcall Holdings Bhd charts another milestone when it inks a joint venture with Sweden’s Trelleborg Holding AB – a world leader in engineered polymer solutions provider
18 January 2019 - Govt promises to speed up auto approval process
  1. More ​The government has assured carmarkers that it will speed up the approvals on incentives for automotive companies, a day after the Malaysian Automotive Association (MAA) lambasted the Pakatan Harapan administration for dragging its feet in approving prices for new car models
17 January 2019 - Committee collectively decides on tax incentives for auto firms to ensure transparency, says MITI
  1. More The Ministry of International Trade and Industry (MITI) explained today that the decision making on tax incentives for vehicle companies is deliberated by a comprehensive committee to ensure the incentives are granted and distributed only to worthy and entitled recipients, according to the prescribed regulations and guidelines
17 January 2019 - Kedah's first large-scale solar plant to begin operation in September
  1. More ​Works to construct Kedah's first large-scale solar photovoltaic plant in Kampung Bendang Perang here, is expected to start end of this month and completed in the third quarter of this year
17 January 2019 - Hengyuan to spend US$66.4m on hydrogen facility
  1. More Hengyuan Refining Co Bhd is set to commit a capital expenditure (capex) of US$66.4 million (RM273 million) to construct a hydrogen manufacturing unit (HMU) under Hydrogen Generation (H2GEN) project
16 January 2019 - Proton aims to exports 4,000 cars
  1. More National carmaker targeting Asean markets for now, says CEO
15 January 2019 - Astana City eyes car project role
  1. More Company to offer technology that allows vehicles to run on liquid petroleum gas
15 January 2019 - Cahya Mata injects RM64mil into phosphate additives plant
  1. More Cahya Mata Sarawak Bhd (CMS) is injecting RM64.24mil into its joint-venture (JV) phosphate additives plant via a subscription of new shares in Malaysian Phosphate Additives (Sarawak) Sdn Bhd (MPAS)
15 January 2019 - Revised National Automotive Policy to cover entire automotive ecosystem, says minister
  1. More The revised national automotive policy (NAP), which is expected to be unveiled this year, will cover the entire automotive ecosystem and include the new elements of technology, said International Trade and Industry Minister Datuk Darell Leiking
15 January 2019 - Malaysia has potential to up textile exports to US
  1. More Malaysia has the potential to increase exports of textiles to the United States (US) in light of its trade war with China
15 January 2019 - Exports of auto parts, components to hit RM15b by 2020, says MITI
  1. More ​The Ministry of International Trade and Industry (MITI) expects the exports of Malaysia’s automotive parts and components to reach RM15 billion by 2020
12 January 2019 - Industrial Production Index up 2.5pc in November, supported by manufacturing segment
  1. More Malaysia's Industrial Production Index (IPI) rose 2.5per cent in November last year compared with the same month in 2017, according to the Department of Statistics
11 January 2019 - Malaysia safeguarding commodity industry to protect stakeholders — Darell
  1. More ​Malaysia has to safeguard the commodity industry in order to protect all stakeholders in the entire ecosystem, including smallholders and manufacturers, International Trade and Industry Minister Datuk Darell Leiking said
10 January 2019 - Fixing The Economy - Feedback/Commentary: MITI working hard to transform the manufacturing sector
  1. More After the momentous general election, how have the last seven months been for businesses and industries? What is the outlook for 2019? The Edge asked various people, from Minister of International Trade and Industry Datuk Darell Leiking to a former minister, a banker, economists and business leaders
10 January 2019 - Dialog eyes investments in specialty chemical plants
  1. More Dialog Group Bhd plans to make new investments in specialty chemical plants at the Pengerang Phase 3 project, according to CIMB Researc
10 January 2019 - MBM keen to help develop automotive industry
  1. More Mercedes-Benz Malaysia Sdn Bhd (MBM) is keen to assist in the development of the automotive industry locally
08 January 2019 - Focus on selling expertise in halal process and services — Redzuan
  1. More ​The Ministry of Entrepreneur Development will focus on “selling expertise” on the halal process and services to the business community in a bid to attract more investments, said its minister Datuk Seri Mohd Redzuan Yusof
07 January 2019 - Proton-Perodua SUV race heats up
  1. More Carmakers are going all out to boost margins and regain market share
07 January 2019 - Asia Poly to go into F&B
  1. More Firm is in serious talks to collaborate with an established group
07 January 2019 - Lion Industries sells non-core asset to fund flat steel venture
  1. More Lion Industries Corp Bhd is divesting its entire 50% stake in Singapore-based Angkasa Amsteel Pte Ltd to a South Korean steel manufacturer for S$26.65 million (RM80.9 million) to raise funds for its flat steel business venture
07 January 2019 - Ministry approves RM20 mil fund for third national car prototype
  1. More ​The Ministry of Entrepreneur Development (MED) has approved close to RM20 million of funds to attract private investors to develop the prototype for the third national car
03 January 2019 - Xinghe unit buys prawn farm in Sabah for RM100m
  1. More Xinghe Holdings Bhd's wholly owned subsidiary, XW Aquaculture Sdn Bhd, is acquiring a 97.9ha prawn farm, related facilities and assets in Tawau, Sabah, from Pegagau Aquaculture Sdn Bhd for RM100 million cash
03 January 2019 - Malaysia aims to venture into train manufacturing – Loke
  1. More ​Malaysia aims to venture into the train manufacturing industry with the support of China’s largest train manufacturer, Transport Minister Anthony Loke said
03 January 2019 - Export Growth Breezes In For Daikin Malaysia
  1. More Air conditioning company Daikin Malaysia Sdn Bhd, which has allocated a capital expenditure (capex) of RM434 million for the next financial year ending March 31, 2020 (FY20), will ramp up its efforts on driving export growth, in line with its aim for export to contribute 70% of its total sales by FY20, from 65% now
03 January 2019 - ACE Market-bound DPI acquires new machine to expand production capacity
  1. More ACE Market-bound aerosol paints producer DPI Holdings Bhd has acquired a new fully-automated aerosol filling line worth RM450,000 for its existing plant, which will increase its production capacity to meet rising demand
02 January 2019 - Sector may see end of bearish sentiment
  1. More Third national car project, new model launches set to boost market
02 January 2019 - Eventful year for industry players
  1. More It was an eventful 2018 for Malaysia's oil and gas (O&G) sector, with Brent crude prices starting the year at US$66.55 (RM275.52) a barrel and breaching the US$70 mark before closing below US$55 by year end
28 December 2018 - Prestar buys RM14.5m Rawang land for business expansion
  1. More ​Steel-maker Prestar Resources Bhd is acquiring a 8,093 sq m freehold plot of land in Rawang for RM14.5 million to expand its pallet racking business
27 December 2018 - Glove players' profit margin to remain stable, says MIDF Research
  1. More Gas Malaysia Bhd's approved revision of natural gas tariff for the non-power sector starting from next year is viewed neutrally by an analyst who says it will have negligible impact on the gloves sector
27 December 2018 - Innovation, digitalisation key to business survival
  1. More Large corporation risk losing competitiveness if they stick to traditional processes or products, says GE
20 December 2018 - SilTerra, Singapore firm ink partnership deal
  1. More Move to cut cost with high volume manufacturing capabilities
20 December 2018 - QL buys five land plots for RM48.7m for business expansion
  1. More ​QL Resources Bhd is buying five plots of land from four parties related to its major shareholders to expand its farming and food processing businesses for RM48.7 million
19 December 2018 - Malaysian brewers chipped in RM3.7 billion to economy in 2016
  1. More ​Malaysian brewers chipped in RM3.7 billion or 0.3% to the gross domestic product in 2016
19 December 2018 - FGV, CMEC ink MoU for paper pulp business
  1. More FGV Holdings Bhd has signed a memorandum of understanding (MoU) with China Machinery Engineering Corp (CMEC) to explore the feasibility of a joint venture or other collaboration that primarily involve the establishment of paper pulp production facilities
18 December 2018 - Malaysia's halal exports to hit RM50b
  1. More Many non-musim countries have recognised markets's untapped potential, says HDC


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Last Updated : Friday 22nd March 2019