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MIDA Collaborates with Johor State Government to Highlight the State’s Investment Landscape and Its Vast Potential

Kuala Lumpur, 9 March, 2023 — The Malaysian Investment Development Authority (MIDA) and the Johor State Government have successfully organised the Invest Series: Unfolding States ‘Business Potential’ – Johor programme to showcase the untapped investment opportunities in the state. The event which took place at MIDA Headquarters, attracted 400 participants, including captains of industry, government officials, entrepreneurs and senior managements from various sectors.

The programme started with a welcome address by Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA and was followed by the keynote address by YAB Datuk Onn Hafiz Ghazi, Menteri Besar Johor. Also present at the event were YB Tuan Liew Chin Tong, Deputy Minister Of International Trade And Industry (MITI); YB Tuan Lee Ting Han, Chairman of Johor State Investment, Trade and Consumer Affairs Committee; YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman, Malaysian Investment Development Authority (MIDA); YB Dato’ Haji Mohammed Ridha Dato’ Haji Abd Kadir, Deputy State Secretary of Johor Development, Johor State Secretary’s Office; YBhg. Dato’ Badrul Hisham Kassim, Chief Executive, Iskandar Regional Development Authority, YBrs. Puan Zarina Abdul Kadir, Chief Executive, Invest Johor and head of state and federal and government department and agencies.

YAB Datuk Onn Hafiz Ghazi, Menteri Besar Johor in his address shared the latest Johor Development Plan and emphasised Johor’s investment aspirations, stating that it is the “Southern Jewel of Malaysia.”

“Johor’s total approved investments for 2022 reached an all-time high of RM 70.6 billion, which is the highest in Malaysia. Since taking over the helm of the State Government last year, my colleagues and I have worked tirelessly to enhance our economic resilience by assisting the people in cushioning the impact from price increases and facilitating businesses recovery. In tandem, we have sought to generate quality investments, secure more job opportunities, and put in place the building blocks of a more dynamic, inclusive, and sustainable economy. We are consistent in our efforts to ensure the rapid recovery of our economy, while strengthening its resilience to new challenges posed by the changing landscape of the global economy. There is a lot to be done still, and we must keep focused on the bigger picture and the longer game of creating a dynamic, inclusive, and sustainable economy for Johor and Malaysia.” said YAB Datuk Onn Hafiz Ghazi.

Datuk Wira Arham, CEO of MIDA highlighted on the recently announced Malaysia’s investment performance in 2023, said “Malaysia has successfully attracted RM264.6 billion worth of approved investments in the services, manufacturing and primary sectors for 2022, creating 140,370 job opportunities in the country. Johor played a significant role, accounting for a substantial proportion of the approved investments at RM70.6 billion. Congratulations to Johor for showcasing its economic potential through its attractive investment climate and strategic location, and for its outstanding contribution to Malaysia’s economy.”

“As part of its commitment to boosting domestic investment, the Government, in collaboration with MIDA, has undertaken several initiatives aimed at attracting investment in Johor and other states. From the MIDA Invest Series Conference to the Domestic Investment Coordination Platform (DICP) initiative, the SME Investment Desk and joint programmes with local industry associations and chambers of commerce, these efforts are designed to create a conducive environment for businesses to thrive. The Domestic Investment Seminar, the Domestic Specific Project Mission (DSPM), and the Industry Linkage Program (ILP) / Supply Chain Programme are also in place to help foster partnerships and drive innovation.” added Datuk Wira Arham.

Over the years, Johor has remained a crucial gateway for the country, thanks to its advanced infrastructure projects. One of the most vital infrastructure developments in Johor are the connections to Singapore, including the Johor-Singapore Causeway built in 1924, and the Tuas Second Link bridge constructed in 1998, both of which have played a significant role in linking Singapore and Malaysia via Johor. In addition, Johor offers other excellent infrastructures for investors such as the international airport (Senai) and three ports (Pasir Gudang Port, Tanjung Pelepas Port, and Tanjung Langsat Port), thus, positioning Johor as a hub for investments.

MIDA continues to aggressively promote the digital tech sector, including data centres, cybersecurity, artificial intelligence (AI), creative and digital content such as gaming and animation, as well as system integrators and solution providers, to make Malaysia the region’s tech launchpad. The data centre investments into Johor accounted for RM51.1 billion of the investment in 2022, and MIDA welcomes investments from leading data centre companies to tap into the vast market demand for such services by building a critical presence in Malaysia.

The Invest Series: Unfolding States ‘Business Potential’ – Johor programme was a significant success, highlighting Johor’s investment landscape and its potential to attract investors. With its excellent infrastructure, strategic location, and dynamic ecosystem, Johor is one of the promising destinations in the country for investment, and MIDA remains committed to supporting and facilitating investments in the state.

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About Invest Johor

Invest Johor is a one-stop-centre that represents the state of Johor in dealing with investors and helps to position Johor as an attractive destination for investment. Invest Johor plays an important role in matters related to the promotion, facilitation, coordination, and development or investments in a broad sector of industries. Ultimately, Invest Johor strives to help transform Johor into a regional hub for high-technology, knowledge-based, and capital-intensive industries.

For more information, please contact:

MIDA
Mr. Sukri Abu Bakar
Director, Domestic Investment Division, MIDA
Email: [email protected] | DL: + 603- 2267 368

Invest Johor
Ms. Zarina binti Abd Kadir
Chief Executive, Invest Johor
Aras 3, Bangunan Dato Abdul Rahman Andak,
Kota Iskandar
79000 Iskandar Puteri, Johor
Email: [email protected] | Tel: (6) 07-290 9000 | Fax: (6) 07-290 8000

MIDA Collaborates with Johor State Government to Highlight the State’s Investment Landscape and Its Vast Potential


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Kuala Lumpur, 2 June 2023 – Malaysia has emerged as a prime destination for Japanese investments from the recently concluded Trade and Investment Mission (TIM) to Japan held from 29 May 2023 to 2 June 2023. The TIM focused on meeting with companies from various sectors including Electrical Vehicle (EV) related components, Electrical and Electronics (E&E), Machinery Parts & Components, Environmental, Social & Governance (ESG), Metal, and Chemical & Chemical Products.

NHK Spring, a key player in integrated metal substrates, will expand production in Negeri Sembilan to meet the soaring demand for these substrates, which are essential for the electrification of automobiles. With the electric vehicle (EV) industry projected to grow significantly, NHK Spring’s expansion plans align with Malaysia’s efforts to foster a robust ecosystem for EV development. The construction of a new plant and facilities is set to be completed by December 2023, reaffirming the company’s commitment to Malaysia since its establishment in Senawang, Negeri Sembilan in 1994. This expansion further solidifies NHK Spring’s role in Metal Based Printed Wiring Boards (PWB) manufacturing and enhances Malaysia’s position in the global supply chain.

OMRON has outlined its future business investment plan, focusing on manufacturing products using renewable energy to contribute to a carbon-neutral society in Malaysia. OMRON’s commitment to sustainability aligns with Malaysia’s efforts to promote environmental-friendly practices and green technology. By investing in renewable energy solutions, OMRON aims to support the country’s transition towards a low-carbon economy, foster technological advancements, and create new opportunities for Malaysia.

JAPEX is collaborating with PETRONAS on carbon capture and storage (CCS) opportunities, including the exploration of suitable carbon dioxide (CO2) storage solutions in Malaysia. As a hydrocarbon exploration, production, and transportation company, JAPEX aims to unlock potential CCS solutions through technical maturation activities, evaluating optimal capture, storage, and transportation methods. The collaboration, announced on January 28, 2022, also entails estimating emissions, capture volumes, and monitoring methods of CO2 stored underground.

“We are delighted by the investment plans by Japanese companies including NHK Spring, CKD Corporation, Denso Corporation and OMRON in Malaysia,” said Datuk Wira Arham Abdul Rahman, CEO of MIDA. “These initiatives align with our national objectives and reflect the confidence global companies have in Malaysia’s business ecosystem. MIDA will continue to actively promote investment opportunities and provide comprehensive support. As we focus on high technology, innovation, and sustainable industries, including the electric vehicle ecosystem, we aim to create vast opportunities for growth. We are committed to fostering strong partnerships and driving sustainable growth, propelling Malaysia’s position as a preferred investment destination.”

Led by Minister of Investment, Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, the TIM brought together high-level officials from MITI, the Malaysian Investment Development Authority (MIDA), and Malaysia External Trade Development Corporation (MATRADE) to foster strong bilateral relations and attract significant investments. The TIM, covering Tokyo and Osaka, played a pivotal role in securing these momentous investment opportunities.

In Q1 2023, MIDA announced approved investments in various economic sectors totaling RM71.4 billion (USD16.2 billion). Out of this, a total of 14 manufacturing and services projects with Japanese participation were approved under MIDA’s purview, with a total investment worth USD47.0 million. These projects are expected to generate potential employment for 653 people, positioning Japan as the 7th largest foreign investor in this segment for approved investments in Q1 2023.

***ENDS***

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA

Mr. Faizal Jalaludin
Director, Foreign Investment Division
E: [email protected] | T: +60322676650

Malaysia Secures RM23.07 Billion of Potential Japanese Investments


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Tokyo, Kuala Lumpur, 29th May 2023 – Malaysian Investment Development Authority (MIDA) and CKD Corporation (Headquarters: Komaki-City, Aichi, Japan, President: Katsuhito Okuoka) are pleased to announce that the acquisition of the land and building for its Malaysian plant (the “Plant”) announced on May 8, 2023 by CKD has been approved by the state authorities and the acquisition has been successfully completed as well as the granting of a manufacturing license by MIDA.

With the acquisition of this plant, which covers an area of over 80,000 square meters, CKD will strengthen its production system for equipment products in the ASEAN region to meet the steady expansion of demand in the manufacturing industry in general, including growth markets, and respond to customer needs with high responsiveness.

During the Malaysian Government’s Trade and Investment Mission to Japan 2023, CKD Corporation had the opportunity to meet with YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) and Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA).

Datuk Wira Arham Abdul Rahman, CEO of MIDA, said, “CKD Corporation’s acquisition of the Malaysian plant is a testament to their confidence in Malaysia’s vibrant semiconductor and machinery ecosystem. Our country boasts a robust value chain with key players across equipment supplies, assembly, and engineering supporting services. Combined with exceptional talent pool capable of supporting high-profile business ventures, the company’s presence in Malaysia will make a lasting impact, ushering in technological advancements and cementing our position as a top investment destination. MIDA is fully committed to supporting CKD Corporation’s business expansion and creating an environment conducive to pioneering achievements.”

Kazunori Kajimoto, Chairperson of the Board (CEO) of CKD Corporation remarked, “This plant will serve as our main production base in the ASEAN region, and we sincerely hope that CKD will contribute to the development of Malaysia’s industry as well as responding to the global supply chain development by our customers.”

From left to right:
Mr. Hafizi, Assistant Trade Commissioner, MATRADE Tokyo; Mr. Niqman Rafaee Mohd Sahar; Trade Commissioner / Director, MATRADE Tokyo; Atsuomi Nonoda, General Manager, Overseas Sales Department, CKD; Katsuhiro Niidera, Executive Officer, General Manager, Components Business Division, CKD; YBhg. Datuk Mohd Mustafa Abdul Aziz, Chief Executive Officer, MATRADE; Katsuhito Okuoka, Representative Director,President and Chief Operating Officer, CKD; TYT Dato’ Shahril Effendi Abd Ghany, Ambassador of Malaysia to Japan; YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry; Kazunori Kajimoto, Representative Director, Chairperson of the Board of Directors and Chief Executive Officer, CKD; YBhg. Datuk Wira Arham Abdul Rahman, Chief Executive Officer, MIDA; Kazunori Matsumura, General Manager, General Strategy Department, CKD; Yoshio Kakoi, General Manager, Production Engineering Department, Ultra High Purity Products Admin BU, CKD; Madam Nor Hasnah Badroddin, Senior Director, Bilateral Economic & Trade Relations Division; Mr. Shamsul Amir Azman, Deputy Director, MIDA Tokyo.

[Outline of the Plant]
Subsidiary name : CKD Malaysia Sdn. Bhd.
Location : Lot 70252, Jalan Kulim Hi-Tech 11, Industrial Zone Phase 3, Kulim Hi-Tech Park, 09000 Kulim, Kedah, Malaysia
Site area : Approx. 87,400 m²
Building area : Approx. 15,800 m²
Planned operation start: End of 2024
Total investment : Approx. JPY 4 billion

*****

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About CKD Corporation
CKD is a comprehensive machinery manufacturer engaged in development, production, sales and service of automated machinery and equipment products for industrial use. Based on automation and fluid control technologies, CKD supports a wide range of manufacturing sites producing a wide variety of products. CKD will continue to contribute to the protection of the global environment and the creation of an affluent society through our business, and work towards the realization of a sustainable society. For more information about CKD, please visit https://www.ckd.co.jp/en/.

Media Contacts

MIDA

Mr. Faizal Jalaludin
Director, Foreign Investment Division
Email: [email protected]
Tel.: +603-2267 6650

CKD Corporation

Sustainability Promotion Dept., Public Relations and Branding Group
Email: [email protected] 
Tel: +81-568-74-1234

Completion of Acquisition of Property For New Plant In Malaysia


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RM71.4 billion of approved investments cement its position as the premier hub for high-tech ventures, paving the way for thriving job opportunities

  • Malaysia has attracted RM71.4 billion in approved investments for the period of January to March 2023.
  • With an impressive number of 1,265 projects approved, it is expected that these projects will generate 23,977 new job opportunities across the manufacturing, services, and primary sectors.
  • The services sector ranked top in Q12023 with RM53.6 billion of approved investments, with over 12,000 job opportunities.
  • Malaysia’s manufacturing sector remains resilient in Q12023 with RM15.6 billion investments and over 11,900 new jobs.
  • The primary sector attracted RM2.2 billion of investments with promising spillover impact.
  • Foreign Direct Investments (FDI) contributed RM37.5 billion or 52.5% of the total approved investments.
  • Domestic Direct Investments (DDI) accounted for RM33.9 billion, representing 47.5% of the total approved investments.

Kuala Lumpur, 29 May 2023 –Malaysia attracted RM71.4 billion in approved investments for the period of January to March 2023 (Q12023), once again proving its value as a preferred investment destination. With an impressive number of 1,265 projects approved, it is expected that these projects will generate 23,977 new job opportunities across the manufacturing, services, and primary sectors.

With its conducive investment landscape, Malaysia continues to capture more Foreign Direct Investments (FDI) than Domestic Direct Investments (DDI). FDI contributed RM37.5 billion, representing 52.5% of the total approved investments.

Singapore took the lead with RM11.5 billion, and the British Virgin Islands was second at RM7.1 billion, followed closely by the People’s Republic of China (PRC) at RM6.5 billion. Hong Kong SAR and the Republic of Korea contributed RM2.9 billion and RM2.5 billion, respectively.

Notably, DDI accounted for RM33.9 billion, representing 47.5% of the total approved investments, clearly reflecting domestic investors’ renewed confidence in Malaysia’s economic progress and prospects.

For approved projects by state, the top five (5) states that attracted a significant portion of the approved investments for Q12023 were the W.P. Kuala Lumpur with RM21.8 billion, followed by Johor (RM10.6 billion), Selangor (RM7.4 billion), Perak (RM7.1 billion), and Sabah (RM6.3 billion).

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) stated, “Our ability to attract RM71.4 billion in approved investments for the first quarter of 2023 underscores Malaysia’s continued appeal as an investment powerhouse. Both foreign direct investments and domestic investments almost match each other in value. From a domestic perspective, this clearly reflects renewed confidence in Malaysia’s growth prospects. All these will have positive spillover impact particularly on  the SMEs in our domestic supply chain, and on the rakyat in terms of better-paying jobs, which will help support our economy in the face of various global challenges this year.”

Services Sector Ranked Top in Q12023 with RM53.6 Billion Approved Investments and Over 12,000 Job Opportunities

In Q12023, the services sector surpassed all other sectors in terms of approved investments,  registering RM53.6 billion, which accounted for 75.1% of the total approved investments. This represented an impressive 226.8% year-on-year growth over the previous year’s figure of RM16.4 billion for Q12022. The RM53.6 billion represents an impressive 1,058 approved projects, expected to create 12,051 new job opportunities.

Within the services sector, the information and communications sub-sector stood out prominently, attracting approved investments valued at RM24.9 billion, representing a substantial 46.5% share. Second was the real estate sub-sector, securing RM15.5 billion (28.9%), followed by distributive trade with RM6.7 billion (12.5%), financial services with RM2.2 billion (4.1%), and support services with RM1.8 billion (3.4%).

Notable projects approved within the services sector include:

  • GDS IDC Services (Malaysia) Sdn. Bhd.: An investment of RM2.2 billion in a hyperscale data centre project.
  • Seri Yakin Logistics Sdn. Bhd.: A RM1.4 billion investment for the development of a smart warehouse, including an e-fulfillment hub.

The government made good on its intention to focus on green investment, with several projects approved under green technology for renewable energy initiatives, such as those by Columbia Asia Sdn. Bhd., Smiths Detection Centre Sdn. Bhd., Iriichi (Malaysia) Sdn. Bhd., and Tian Seng Hang Trading Company Sdn. Bhd.

These projects highlight the diverse and promising opportunities within the services sector, attracting significant investments and contributing to Malaysia’s economic growth.

Malaysia’s Manufacturing Sector Remains Resilient in Q12023 with RM15.6 Billion Investments and Over 11,900 New Jobs

In Q12023, Malaysia continued to attract a healthy level of investments in the manufacturing sector, with a substantial value of RM15.6 billion or 21.8% of the total approved investments.

This commitment was evident through the approval of 192 manufacturing projects, slated to generate over 11,900 new job opportunities.

A majority of the approved investments in the manufacturing sector were allocated to key industries. Transport equipment took the lead with RM4.4 billion (28.2%), followed by machinery and equipment with RM2.6 billion (16.6%), basic metal products with RM2.3 billion (14.7%), electrical and electronics (E&E) with RM2.1 billion (13.2%), and non-metallic mineral products with RM1.6 billion (10.3%). Together, these industries accounted for a significant 83.1% of the total approved investments in the sector.

Notably, the manufacturing sector in Malaysia received approval for several innovative, high value-added and high-technology projects, showcasing MIDA’s serious intent to utilise investments to reorientate our industry technologically, redefine Malaysia’s industry standards and fuel future economic growth sustainably. These projects include:

  • EVE Energy Malaysia Sdn. Bhd.: An investment of RM4.2 billion to develop cutting-edge Cylindrical Li-Ion batteries for power tools and E-bikes. This project reflects a commitment to sustainable energy solutions and positions Malaysia as a leader in advanced battery technology.
  • LOTTE EM Malaysia Sdn. Bhd. (formerly known as IMM Technology Sdn. Bhd.): With an investment worth RM2.3 billion, LOTTE EM Malaysia is set to revolutionise lithium-ion batteries by introducing Electro-deposited copper foil. This breakthrough innovation promises enhanced performance and reliability, contributing to the evolution of the electric mobility industry.
  • Xinyi Solar (Malaysia) Sdn. Bhd.: A significant RM1.5 billion investment to produce Photovoltaic functional glass (coated). This project signifies Malaysia’s dedication to renewable energy and showcases its capability to manufacture state-of-the-art solar components.

These high-value projects underscore Malaysia’s commitment to technological advancement, fostering a thriving ecosystem for innovation and attracting more global investments. By pushing boundaries and embracing cutting-edge technologies, the manufacturing sector in Malaysia continues to position itself as a hub for high-value, high-tech ventures with immense growth potential.

Primary Sector Attracts RM2.2 Billion Investments and Promising Opportunities

In Q1 2023, the primary sector in Malaysia drew investments valued at RM2.2 billion. Despite the modest quantum, these investments have the capacity to drive positive economic impact. Here are the key highlights:

  • Mining Sub-sector: Approved investments of RM2.1 billion were allocated to mining projects, underscoring our established capacity to extract and utilize valuable minerals from Malaysia’s resource-rich landscape.
  • Plantation & Commodities: Garnering investments of RM65.1 million, the plantation and commodities sub-sector demonstrates ongoing efforts to enhance productivity and sustainability in agricultural practices.

While the primary sector’s contribution may be modest compared to services and manufacturing, what is key is that these investments pave the way for future growth and innovation.

Thriving Pipeline and Lead Projects Reflect Investor Confidence in Malaysia

Malaysia’s investment landscape presents bright prospects with a pipeline of proposed investments and lead projects overseen by MIDA. There are currently a total of 878 projects and proposed investments amounting to RM35.9 billion for pipeline projects, and RM150.4 billion for lead projects, reflecting businesses and investors’ confidence in Malaysia’s potential.

The manufacturing sector took the lead with 78.8% (RM28.3 billion) of pipeline projects, while the services sector accounted for 21.2% (RM7.6 billion), showcasing a diversified investment portfolio.

“This robust pipeline and lead project portfolio solidify Malaysia’s reputation as an attractive and thriving investment destination, fueled by its strategic location, robust infrastructure, skilled workforce, and supportive business policies,” says Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA). “As the main Investment Promotion Agency in Malaysia, MIDA remains committed to fostering a conducive environment for businesses and investors, and these impressive figures reflect the confidence they have in Malaysia’s potential for long-term growth and success.”

Moving forward, MITI and MIDA aim to sustain this momentum by attracting new investments that are aligned to the objectives of the New Investment Policy, towards sustainable and inclusive economic growth for Malaysia.

END

About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, Tik Tok and YouTube.

For media enquiries please contact:
Ms. Fatmah Ahmad
Director, Corporate Communications Division
DL: +603-2267 2428 | Email: [email protected]

Malaysia Maintains Its Status as a Preferred Investment Hub


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  • Malaysia’s aerospace industry attracts investments worth RM16.7 billion over four decades.
  • Aerospace Industry Seminar brings together industry leaders, experts, and enthusiasts to chart the path for a more robust and globally competitive aerospace sector.
  • Spirit AeroSystems Malaysia aims to secure and expand its supply chain in Malaysia amid the global aerospace industry’s recovery.
  • UMW Aerospace’s commitment to quality and sustainability recognised by Rolls-Royce through multiple awards and continuous work packages.
  • SBSR industry remains resilient, attracting RM363 million in investments in 2022 and creating employment opportunities.
  • Malaysia’s SBSR industry poised for continued growth and evolution with smart solutions and Industry 4.0 advancements.
  • Extension of tax incentives and import duty exemptions position Malaysia as Asia’s premier SBSR hub.
  • SBSR industry seminar provides a vital platform for industry players to shape the future of the industry.
  • Collaborative efforts highlighted in driving the advancement of the SBSR industry.
  • Aerospace and SBSR industry seminars showcase Malaysia’s competitiveness, resilience, and commitment to innovation and sustainability.

WEDNESDAY, 24 MAY 2023 – The Langkawi International Maritime and Aerospace Exhibition (LIMA) served as a platform to foster growth and development in Malaysia’s Aerospace and Shipbuilding & Ship Repair (SBSR) industries. The event brought together key industry players, distinguished speakers, and innovative companies to discuss the latest policies, advancements, and facilities in these thriving sectors, which significantly contribute to the nation’s economic growth.

The Aerospace Industry Seminar, officiated by Datuk Wira Arham Abdul Rahman, CEO of MIDA, was a collective collaboration between MIDA, Ministry of Investment, Trade and Industry (MITI), National Aerospace Industry Coordinating Office (NAICO) and Malaysia Aerosapce Industry Association (MAIA) took center stage and featured captivating presentations by industry giants, including Spirit AeroSystems Malaysia, UMW Aerospace, Safran Landing Systems, Asia Digital Engineering, Matcor Technology Services Pte Ltd, and SIRIM Berhad.

“The Aerospace Industry Seminar provided a platform to showcase Malaysia’s remarkable achievements in the aerospace sector,” stated Datuk Wira Arham. “Over the course of nearly four decades, from 1985 to 2022, Malaysia has approved a total of 131 projects in the aerospace industry, attracting investments worth RM16.7 billion. This remarkable track record highlights Malaysia’s success in attracting significant investments and fostering continuous growth in the aerospace sector.”

Speaking at the seminar, Datuk Zulkarnain Mohamed, Senior Director and General Manager for Spirit AeroSystems Malaysia, stated, “With the current recovery of the global aerospace industry, Spirit AeroSystems is looking to secure and expand its supply chain in this region and in Malaysia. A robust ecosystem will ensure the industry recovery is sustainable and further growth is protected. Developing qualified and competitive suppliers in Malaysia is in line with objectives set in the Malaysian Aerospace Blueprint 2015-2030 and also the Twelfth Malaysia Plan. Spirit AeroSystems Malaysia is supporting those initiatives and has been actively involved in promoting Aerospace industry growth in Malaysia.”

Dato Abdul Rashid Musa, President of the Aerospace Division at UMW Group, shared his thoughts, stating, “UMW Aerospace’s commitment to quality and excellence has led to various recognitions in recent years. Being inducted as 2021 Cohort of Rolls-Royce’s High Performing Supplier Group (‘HPSG’) and maintained its position in 2022 and 2023 is a testament to our dedication and hard work to deliver high-quality products and services to Rolls Royce since 2015. We further added the Supplier Best Practice Award to the list, which recognises suppliers with exceptional qualities, including a focus on continuous improvement in operations and cost optimisation as well as our manufacturing commitment towards zero defects.” He further acknowledged UMW Aerospace’s dedication to sustainable practices, including the adoption of renewable energy and water conservation measures, leading to the company’s membership in Rolls-Royce’s Sustainability Working Group.

Noteworthy Tier-1 local players like UMW Aerospace, SME Aerospace, and CTRM Aero Composite have solidified their positions in the global supply chain ecosystem, showcasing Malaysia’s aerospace industry strength. These leading companies drive innovation and efficiency in manufacturing processes, while Malaysian supporting companies such as Micron Concept Aerostructures Sdn. Bhd., Curge Advance Sdn. Bhd., and T7 Aerotech Sdn. Bhd. enhance industry vibrancy and competitiveness. Together, they form a robust and interconnected ecosystem that fuels continuous growth.

In addition to the aerospace industry, the Ship Building and Ship Repairing (SBSR) industry seminar held during LIMA 2023 showcased Malaysia’s thriving shipbuilding and ship repair sector. Despite global supply disruptions caused by the COVID-19 pandemic and uncertainties in the global oil and gas industry, the SBSR industry has remained resilient. In 2022, MIDA approved a total of five projects with a combined investment of RM363 million, marking a significant increase of 451.7 percent compared to the previous year’s investment of RM65.8 million. These projects are expected to generate 183 employment opportunities, further solidifying the industry’s growth and impact on Malaysia’s economy.

Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA expressed his appreciation for the vital contributions of shipyard owners, workers, technology providers, manufacturers, suppliers, port authorities, and government agencies. Recognising their roles in the industry’s resilience and success, he stated, “As we march forward, the SBSR industry is poised for continued evolution and growth.” He highlighted Malaysia’s aspiration to become Asia’s premier SBSR hub by leveraging smart solutions, seamless technologies, and Industry 4.0 advancements to construct modern and eco-friendly vessels.

The SBSR industry thrives within a dynamic ecosystem, where diverse stakeholders collaborate to design, construct, maintain, and upgrade vessels. This interconnected network forms the foundation for resilience and growth. Their expertise contributes to a robust and competitive shipbuilding and ship repair sector. Malaysia aims to strengthen its position as Asia’s SBSR hub through collaboration and innovation, shaping a vibrant future for the industry.

With the extension of tax incentives and import duty exemptions until 31 December 2027, as announced by the Malaysian government, the SBSR industry is poised to attract more investments and enhance its capacity and capabilities. These measures reflect the government’s commitment to supporting the maritime industry and establishing Malaysia as Asia’s premier SBSR hub. The SBSR industry seminar at LIMA 2023 provided a vital platform for industry players to stay informed, forge connections, and collectively shape a prosperous future for the industry.

The SBSR industry seminar witnessed engaging presentations by entities such as the Malaysian Industry-Government Group for High Technology (MIGHT), Bank Pembangunan Malaysia Berhad (BPMB) and MIDA. These presentations further highlighted the industry’s potential and the collaborative efforts in driving its advancement.

The Aerospace Industry Seminar and the SBSR Industry Seminar served as significant milestones in bringing together key industry players, distinguished speakers, and innovative companies to discuss the latest policies, developments, and facilities within Malaysia’s thriving aerospace and SBSR industries. These seminars showcased Malaysia’s competitiveness, resilience, and commitment to innovation and sustainability in these sectors.

-End-

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, Tik Tok and YouTube.

For more information, please contact:

Ms. Habibah Enok
Director, Oil & Gas, Maritime and Logistics Service Division
Email: [email protected] | DL: 03-2267 3539

Mr. Nazuki Abdullah
Director, Transportation Technology Division
Email: [email protected]| DL: +603-2267 6688

MIDA Showcases Malaysia’s Aerospace and Shipbuilding & Ship Repair (SBSR) Industries at LIMA 2023


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Penang, Malaysia (23 May 2023) – SEMICON Southeast Asia (SEA) 2023, the region’s premier gathering of the semiconductor and microelectronics industry, kicked off today at the Spice Arena, Penang. The conference, spanning three days, features two themed pavilions and encompasses a variety of engaging events. Among the highlights are the CXO Summit, the SMART Mobility Forum, and the Sustainability Forum, all contributing to the vibrancy and significance of this year’s event.

The CXO Summit, an integral part of SEMICON SEA, is a high-level gathering of industry leaders and executives. It provides a platform for insightful discussions on investment opportunities within the region. Esteemed speakers and participants will exchange valuable perspectives, exploring the latest advancements in the semiconductor industry and shaping its future.

Speaking at the CXO Summit of SEMICON, Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of the Malaysian Investment Development Authority (MIDA), highlighted, “MIDA has proudly collaborated with SEMI over the years and we are encouraged by the interest and turnout.” She further added “The significant investments in the E&E industry are a testament to Malaysia’s appeal as a destination for industry players. In 2022 alone, the industry attracted a total investment of RM29.3 billion from 106 projects, with an impressive 95.2 percent coming from foreign sources. We have also seen the steady growth of aspiring local companies in our industry meeting the industrial needs of the MNCs and being very much part of the global value chain.” These remarks from Ms. Lim underscore MIDA’s commitment to fostering investment and positioning Malaysia as a preferred location for the semiconductor and microelectronics industry, reflecting the success and potential of the country’s E&E sector.

Raising the excitement levels this year is the inaugural SMART Mobility Forum, as SEMICON SEA embraces the future of transportation. With countries worldwide accelerating towards a Net Zero Emission future by 2050, automotive manufacturers are revolutionising their designs, lowering costs, and pioneering sustainable solutions. Titled “Towards Investment Sustainability in the EV Ecosystem,” MIDA’s presentation spotlights Malaysia’s commitment to becoming a key player in the Electric Vehicles (EV) revolution. In collaboration with MIDA, the forum presents an unrivalled opportunity for industry leaders, policymakers, and experts to explore cutting-edge innovations, investment prospects, and government initiatives in the EV sector. Malaysia’s visionary New Energy Policy (2022 – 2040) propels the nation towards a low-carbon future, with a target of 38 per cent EV penetration by 2040, solidifying its dedication to sustainable mobility.

Meanwhile, the Sustainability Forum further elevates the discourse on environmentally conscious practices and circular industry trends. Esteemed speakers from multinational giants like Schneider, Intel, Western Digital, and STMicroelectronics converge to share best practices, foster resilient circular industries, and drive Malaysia’s sustainability efforts through green technology investments. Aligned with Malaysia’s National Investment Aspirations (NIA) and Environmental, Social, and Governance (ESG) principles, the forum reinforces MIDA’s commitment to attracting high value-added and technology-driven investments, bolstering the nation’s sustainable development goals.

As SEMICON SEA 2023 unfolds, the conference takes centre stage in propelling Malaysia’s EV ecosystem and green technology advancements to new heights. With the collaboration between MIDA and SEMI, Malaysia stands poised to capture global attention as a leader in the transition towards electric mobility and sustainable practices. SEMICON SEA 2023 not only catalyses industry growth but also cements Malaysia’s position as an innovative hub for the semiconductor and microelectronics sector.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

For more information, please contact:

MIDA
Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division, MIDA
Email: [email protected] | DL: +603-2267 3575

Mr. Mohd Riduan Abd. Rahman
Director, Green Technology Division, MIDA
Email: [email protected] | DL: +603-2267 6634

Mr. Nazuki Abdullah
Director, Transportation Technology Division, MIDA
Email: [email protected] | DL: +603- 2267 6688

SEMICON SEA 2023 Showcases CXO Summit and Engaging Forums on SMART Mobility and Sustainability


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KUALA LUMPUR – 23 May 2023 – Critical areas of semiconductor industry growth including sustainability, smart manufacturing, smart mobility, smart medtech and workforce development will take center stage over the next three-days at SEMICON Southeast Asia, the industry’s premier global electronics manufacturing and supply chain event. The opening was officiated by YAB Datuk Seri Dr. Ahmad Zahid Bin Hamidi, Deputy Prime Minister of Malaysia and YAB Mr Chow Kon Yeow, Chief Minister, Penang.

Themed Boosting Agility and Resiliency for the Electronics Supply Chain, the event will gather industry leaders to explore ways for the electronics industry to build a more robust supply chain as it navigates the current economic downturn and ongoing disruptions. The event will connect semiconductor manufacturing equipment companies, private and public partners, and other key industry stakeholders to explore new collaboration and growth opportunities.

Speaking at the opening ceremony, Ajit Manocha, CEO of SEMI said thatSEMICON Southeast Asia 2023underscores the significance of the Electrical and Electronics (E&E) industry both in Malaysia and the broader Southeast Asia region. “Despite geopolitical and economic uncertainties, the industry has strong fundamentals and is poised for exceptional longer-term growth on the strength of digital transformation and emerging applications in multiple markets. The proliferation of autonomous machines, electric vehicles, 6G and many other trends all require an increase in semiconductor content, which will bode well for the region.”

“The accelerating digital transformation and the convergence of AI (Artificial Intelligence), IoT (Internet of Things), AR/VR (Augmented Reality/Virtual Reality), quantum computing, autonomous machines and many other emerging technologies will touch virtually every end market, resulting in tremendous opportunities for the semiconductor industry. SEMICON Southeast Asia 2023 will drive conversations in this space, whilst also discussing the importance of sustainability and building stronger supply chains.”

The Chief Minister of Penang, YAB Mr. Chow Kon Yeow, expressed Penang’s commitment to promoting a supportive and dynamic business environment in the semiconductor sphere. “Home to a thriving ecosystem of semiconductor players, Penang is often lauded for its areas of expertise along the value chain. This allows for greater flexibility and responsiveness in the supply chain, enabling companies to quickly adapt to changing market conditions and customer needs. Having over 50 years of industrial excellence, the state, via InvestPenang, commits to nurture the growth of emerging subsectors, extending Penang’s depth and breadth in the semiconductor industry.”

“With the escalating pace of technological evolvement, the state recognizes the importance of agility and resiliency to ensure that the latest technology can be brought to market efficiently and at a timely manner. As the hosting state, we are proud to showcase our strengths in the field and the ways in which we can contribute to advance the industry as a whole,” Chow added.

Ms. Lim Bee Vian, Deputy Chief Executive Officer of Malaysian Investment Development Authority (MIDA) said SEMICON Southeast Asiahas undeniably emerged as a paramount exposition for the electronics industry in this dynamic region.  MIDA is thrilled by the overwhelming interest and turnout we have received over the years from our longstanding and successful collaboration with SEMI Southeast Asiaas well as like-minded supporters and partners of this event.”The E&E industry is poised to continue its growth trajectory in 2023, driven by the increasing global demand for chips and semiconductor equipment. In 2022 alone, the industry attracted a total investment of RM29.3 billion from 106 projects, with an impressive 95.2% coming from foreign sources. These investments not only contributed to economic growth but also created employment opportunities, including highly skilled positions. With a well-established E&E industry’s ecosystem, Malaysia has become the magnet for the world’s largest and most innovative electronics companies, including industry giants like Intel, ST Microelectronics, Infineon, Micron, Texas Instruments, TF AMD, and Osram.

The presence of global MNCs, further enhanced local companies in our industry to meet the industrial needs of these MNCs and being very much part of the global value chain. Thus, indicating a clear vote of confidence in Malaysia’s strategic prowess. Furthermore, she added, “the country’s focus on accelerating the adoption of advanced factory automation and digitalisation aligns with the global trend toward greater reliance on digitalisation, ensuring sustained growth in the industry.”

SEMICON Southeast Asia 2023 Highlights

  • CxO Summit on Boosting Agility and Resiliency of the Electronics Supply Chain in SEA
  • Workforce Development
    – Career fair and talks
    – SEMI SEA University Bootcamp
    – Launch of SEMI University, an online learning management system comprising courses targeted towards industry professionals in the semiconductor and electronics industry.
  • Forums
    – SMART Mobility
    Market and Industry trends
    SMART Enterprise
    Advanced Packaging
    SMART MedTech
    Advanced Product Testing
    – Sustainability
  • Smart Innovators Showcase to help expand the adoption of Industry 4.0 best practices and explore the latest smart manufacturing and sustainability solutions in the semiconductor industry.
  • Industry VIP Networking Night for attendees to connect with industry leaders and experts.

For the full event agenda, please visit the SEMICON Southeast Asia website.

SEMICON Southeast Asia will be moving to Kuala Lumpur in 2024, to be held in May 28-30 at Malaysia International Trade and Exhibition Centre (MITEC). The show in Kuala Lumpur will focus on smart mobility, smart manufacturing and sustainability.

About SEMI

SEMI® connects more than 2,500-member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA), the MEMS & Sensors Industry Group (MSIG) and SOI Consortium are SEMI Strategic Technology Communities. Visit www.semi.org to learn more, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter.

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my  and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

Media Contacts

Ryan Teo
SEMI Southeast Asia Pte Ltd
[email protected]
+65 9859 0883

Reshvinder Kaur (for SEMI Southeast Asia Pte Ltd)
[email protected]
+6017 275 7985

Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division, MIDA
Email: [email protected] | DL: +603-2267 3575

Yeoh Bit Kun / Ooi Phei Wen
InvestPenang
[email protected] / [email protected]

SEMICON Southeast Asia 2023 Brings Focus on Electronics Supply Chain Resilience, Sustainability, Smart Tech and Talent


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18 May 2023, Marang, Terengganu – A momentous groundbreaking ceremony took place in Mukim Merchang on 16th May, marking the commencement of the first and largest integrated project in Asia and Oceania for the production of cristobalite and ultra-purity industrial silica.With an investment of more than RM500 million, TRG Silica (Marang) Sdn. Bhd. a wholly-owned Malaysian company is setting a milestone to build a state-of-the-art facility with 7th generation equipment and also encompasses the development of a new private terminal known as Marang terminal.

The project’s primary objective is to produce advanced silica minerals with the highest purity level and very low iron content that is highly demanded by the downstream industry of high-end glass. In the meantime, the project will be the first in Asia and Oceania to develop high-temperature polymorph of silica – cristobalite, characterised by its high abrasion resistance and intensive white pigment.

The ceremony was graced by Duli Yang Maha Mulia Al-Wathiqu Billah Sultan Mizan Zainal Abidin ibni Almarhum Sultan Mahmud Al-Muktafi Billah Shah, Sultan of Terengganu, and among the attendees were from the Ministry of Investment, Trade and Industry (MITI), led by Datuk Hanafi Sakri, Deputy Secretary General (Industry) and representatives from the Malaysian Investment Development Authority (MIDA).

The project is aligned with objectives to spearhead local economic development through various businesses and provide high-quality job opportunities for domestic stakeholders, especially in Marang, Terengganu. YAB Dato’ Seri Dr. Ahmad Samsuri Mokhtar, Menteri Besar of Terengganu said, “It is my hope that the investment will be able to contribute to the economic growth of Terengganu and the Gross Domestic Product (GDP) as well as elevate the standard of living of the local community and indirectly improving socio-economic status of the rakyat in Terengganu, particularly rural area.”

Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) stated, “Kudos to TRG Silica (Marang) Sdn. Bhd. for their innovative spirit. With their state-of-the-art facility and the development of Marang Terminal, Terengganu is poised to become a powerhouse in the global industrial minerals market. This venture will not only revolutionise our production capabilities but also create exciting opportunities for our local workforce.”

Industry players are urged to leverage the availability of these materials in the country to enhance and diversify their supply chains, particularly for high-end glass applications such as electronic display glass, smartphone glass, ultra-thin solar glass, semiconductors, and ophthalmic glass. Additionally, cristobalite has wide-ranging applications in various sectors, including engineered stone, coatings, polymers, dentistry, road marking, and other industrial applications. Leveraging these resources can yield substantial benefits and bolster the overall competitiveness of the industry.

“This remarkable collaboration between the company and other industry players will fuel the development of a robust supply chain. It is an invitation for stakeholders to harness these resources and drive innovation in advanced manufacturing.”, added Datuk Wira Arham.

In the meantime, Y.A.M Tengku Sri Temenggung Raja D.K, S.S.M.T Dato’ Seri Tengku Baharuddin ibni Al-Marhum Sultan Mahmud Al-Muktafi Billah Shah, Group Chairman of TRG Silica (Marang) Sdn. Bhd. underscored the company’s commitment towards the development of downstream industry via collaboration with MIDA to attract foreign investments in the specialty glass industry. Additionally, he also said, “this cristobalite and ultra-purity industrial silica is a pioneer project for decarbonisation under mineral industry by MITI.”

TRG Silica (Marang) Sdn. Bhd. upholds sustainability values that have been deeply rooted since its parent company, TRG Industrial Minerals Sdn. Bhd., was established in 2010. With a strong commitment to minimising environmental impact and promoting responsible practices, the company implements decarbonisation and Environmental, Social, and Governance (ESG) initiatives. Through its “Decoding the Future of Sustainability in Mining and Mineral Processing” initiative, the company aims to develop a sustainable domestic supply chain, fostering economic growth and creating high-quality job opportunities in the process.

The demand for “Ultra Purity Silica” produced by TRG Silica (Marang) Sdn. Bhd. is driven by the industry’s need to produce “low-iron glass” that offers maximum brightness and clarity compared to normal glass. This high-quality silica is sought after by manufacturers in various industries, including high-end glass applications, due to its exceptional purity and low iron content.

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About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be a strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, Tik Tok and YouTube channels.

About TRG Silica (Marang) Sdn. Bhd.

TRG Silica (Marang) Sdn. Bhd. (TSM) that was incorporated in 2016 is 100% owned by the local company, TRG Industrial Minerals Sdn. Bhd. (Co. No: 201001012979). TSM has successfully obtained silica sand deposit land concession for 60 years which are divided into 5 plots of neighbouring lands with total area of 826.36 hectares in Mukim Merchang, Daerah Marang in Negeri Terengganu Darul Iman. TSM will be the first industry in Asia and Oceania to develop Cristobalite and Ultra Purity Industrial Silica Project in Mukim Merchang, Daerah Marang, Terengganu.

TSM is the only upstream non-metallic mineral industry in Asia and Oceania to produce Cristobalite and Ultra Purity Industrial Silica for engineering stone application and clear glass manufacturing. Value Added Ultra Purity Industrial Silica Beneficiation plant will be built at Lot 53483 (PT 14367) and the 1st phase of mining activities will be conducted in stages at Lot 53483 (PT 14367) and followed by Lot 53482 (PT 14368) and Lot 53628 (PT 14369) with reserved estimated mine life more than 100 years.

At the current stage, TSM holds Proprietary Mining License PML 1/2021 Lot 53482 (PT 14368) and PML 2/2021 Lot 53483 (PT 14367) for 21 years (valid renew till the end of 60 years land lease period) with Operational Mining Scheme (Kelulusan Skim Pengendalian Melombong) for the above 2 lots.

For more information, please contact:

MIDA
Ms. Rozita Ibrahim, Director
Building Technology and Lifestyle Division, MIDA
Tel.: 03- 2267 3479| Email: [email protected]

TRG SILICA (MARANG) SDN. BHD.
Ms. Abita M. Nallasamy
Manager
Tel.: 012-2173444 | Email:[email protected]

The First Project in Asia and Oceania to Produce Cristobalite and Ultra Purity Industrial Silica in Terengganu by TRG Silica (Marang) Sdn. Bhd.


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Providing high-quality Halal-certified sauce products to ASEAN region and beyond

SEREMBAN, 18 MAY 2023 – Mahsuri Food Sdn. Bhd. (“Mahsuri”), the leading producer of Halal-certified products for the ASEAN region proudly announces the upcoming full operation of its advanced manufacturing plant in Bandar Enstek, Negeri Sembilan. The new 24,000 square meter plant will include facilities for manufacturing, warehousing, quality assurance laboratory, research and development centre, offices and social facilities. The plant is expected to commence its operations in early 2025, thus positioning Mahsuri as the pioneer in soy sauce production within the ASEAN region by implementing the revolutionary Rotary-type Koji-Making Machine.

Distinguished guests attending the ground-breaking ceremony at Bandar Enstek, Negeri Sembilan today were the Menteri Besar of Negeri Sembilan, YAB Datuk Seri Haji Aminuddin Harun; Committee Chairman for Investment, Industry, Entrepreneurship, Education and Human Capital, YB Dato’ Dr. Mohamed Rafie Ab. Malek; Deputy Chief State Secretary, YB Dato’ Muhamad Nahar Mohd Sidek; Director of Food Technology and Resource Based Industries Division of Malaysian Investment Development Authority (MIDA), Ms. Manjit Kaur Balkar Singh; Chief Executive Officer of Invest Negeri Sembilan, Dato’ Hj. Najmuddin Sharif Sarimon; Chief Supply Chain Officer of Lee Kum Kee Sauce Group, Mr. Dillon Fu; Non-Executive Director of Mahsuri, Dato’ Roslan Mahyuddin; Non-Executive Director of Mahsuri Dagang, Datuk Ahmad Tajuddin Idris; Head of Government and Community Development, Puan Lailah Mohd Darus; and Mahsuri Head of Commercial, Mohd Jazri Ikmal Hijaz.

YAB Datuk Seri Aminuddin Harun, Menteri Besar of Negeri Sembilan in his opening remarks welcomed Mahsuri to the state as a sauce production base and build a new eco-system in the related industry. “Hopefully with the growth of the Halal industry and the high demand for Halal products by the Malaysian community and the world, Mahsuri will continue to grow and be among one of the World’s Top Ten Halal Brands in the future,” said Datuk Seri Aminuddin Harun.

Datuk Wira Arham Abdul Rahman, CEO of MIDA expressed his excitement about the forthcoming full operation of the new manufacturing plant, stating “Malaysia’s vibrant ecosystem for attracting high-quality investments has placed the country at the forefront of halal products and services. Mahsuri’s new manufacturing plant, worth over RM 250 million, signifies a significant milestone in Malaysia’s journey to becoming a global hub for trendy and innovative halal offerings. The well-established food manufacturing ecosystem, enhanced processing technology, knowledgeable talent, and globally recognised halal certification system in Malaysia make it an ideal destination for companies seeking to tap into the growing halal market.”

“Moreover, Mahsuri’s commitment to nurturing local talent is commendable. By ensuring that at least 50% of their new workforce consists of skilled talents, Mahsuri is contributing to the development of a highly capable workforce in Malaysia. This aligns perfectly with our National Investment Policy and showcases Mahsuri’s dedication to driving economic growth and creating quality employment opportunities,” commended Datuk Wira Arham.

Dato’ Roslan Mahyuddin, Non-Executive Director of Mahsuri said, “Mahsuri is committed to creating tasty convenience for consumers. The new plant will allow Mahsuri to increase its production capacity and provide its customers with high-quality Halal-certified products. It will lay a solid foundation for the future growth of the Mahsuri brand, enabling us to provide tasty and convenient experience to consumers locally and abroad.”

The Halal-certified products made in the new plant will serve the local market as well as Indonesia, the Philippines, Singapore, Vietnam, Thailand, Myanmar, Cambodia, India and the Middle East. Over the next few years, Mahsuri will gradually embark on its journey to tap into the US market to bring “Made in Malaysia” products to the global markets.

With the establishment of a new plant in Negeri Sembilan, Mahsuri aims to create new employment opportunities for the local community and facilitate the upskilling of talents.

For more information about Mahsuri, please visit www.mahsurifood.com.my

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

About Invest Negeri Sembilan

INVEST Negeri Sembilan is the main investment arm of the state and was established with the primary goal to ensure a safe and secure passage for every investment in Negeri Sembilan. It is our previledge to assist every investor and busineses to give our best support to ensure the success of the investment and the business through expert advice and consultation on matters such as site selection, land matters, general policies and procedures, and other matters related to the investing and business.

About Mahsuri Food Sdn. Bhd.

Mahsuri is committed to creating tasty convenience for consumers, making cooking fun and easy, offering a range of sauces that are Halal and made in Malaysia. Mahsuri’s sauces have been available to the Malaysian public since the late 1990s, when Malaysia was undergoing a booming period of growth.

Through laborious efforts and countless trials and tribulations, Mahsuri successfully brought together expertise, modern manufacturing technology and fine Malaysian Halal recipes in offering effortless cooking for Malaysians – the blueprint for Mahsuri’s success in Malaysia today.

Mahsuri has created a range of convenient sauces to help Malaysian cook easy meals at home. But the story does not stop there. It is now time to expand beyond Malaysia, to bring uniquely Malaysian flavours and sauces Halal-certified sauces to the world.

For more information, please contact:

MIDA
Ms. Manjit Kaur Balkar Singh
Director, Food Technology & Resource Based Industries Division, MIDA
Email: [email protected] | DL: + 603- 2267 3509

Invest Negeri Sembilan
Dato’ Najmuddin Sharif bin Sarimon
Chief Executive Officer, INVEST NS
[email protected] | DL: +606-765-9570

Mahsuri Food Sdn. Bhd.
Yasmin Syazwina
Edelman PR Event
Email: [email protected] | Mobile: +6016-973 7956

Lee Wui Wui (+60172463846)
Email: [email protected] | Mobile: +6017-246 3846

Mohd Jazri bin Ikmal Hijaz
Email: [email protected] | Mobile: +6012-345 7611

Leading Soy Sauce Producer Sets New Heights with Advanced Food Processing Plant


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KEDAH, 17 May 2023 – Rapid Manufacturing global electronics manufacturing company specialising in custom-designed wire and cable harnesses, electro-mechanical, and box build assemblies, unveiled a new expansion of its operations in Kulim, Kedah, Malaysia. The new facility will continue to serve its customers in the aerospace, telecommunication, medical, semiconductor, automotive, and industrial automation sectors. Beyond manufacturing roles, the site will also house a knowledge-intensive regional center, establishing a state-of-the-art Centre of Excellence (COE) to drive the company, up its value chain and eventually positioning itself as an industry leader.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) congratulated the company on its impressive milestone, said, “The expansion of Rapid Manufacturing’s production facility is a testament to the long-term growth in demand for the industry globally, and Malaysia is well positioned to capitalise on these opportunities. By leveraging the country’s comprehensive electrical and electronics (E&E) ecosystem and our mature semiconductor supply chain, the new facility is expected to have a positive impact on job creation, benefiting the local community and rakyat at large, while enhancing the country’s supply chain to meet the rapidly changing requirements of the E&E industry. Additionally, this expansion will encourage innovation in emerging fields in the country.”

“This development aligns perfectly with the Government’s aspirations under the Twelfth Malaysia Plan and the New Investment Policy, strengthening the fundamentals of Malaysia’s investment ecosystem.”, added Datuk Wira Arham.

“The Northern Corridor Implementation Authority (NCIA) is committed to attracting and facilitating high-value investments in the Northern Corridor Economic Region (NCER), which includes the states of Kedah, Perlis, Penang, and Perak,” said Mr. Mohamad Haris Kader Sultan, Chief Executive of NCIA. “We are proud to have played a role in facilitating Rapid Manufacturing’s investment in the region, and we believe that this new facility will further enhance the region’s position as a leading destination for high-tech manufacturing.”

He explained that Rapid Manufacturing’s investments in Kedah and Penang will considerably strengthen the supply chain ecosystem development to support the activities of the E&E, Machinery and Equipment (M&E), medical technology and devices, telecommunication, automotive and aerospace industries in NCER. With the facilitation by NCIA via its various NCER incentives, the authority is confident that more companies will follow suit and invest in NCER, driving sustainable economic growth and creating job opportunities for the local community.

“We were able to accelerate Rapid Manufacturing’s decision to invest in Kulim, Malaysia with our offering of a fully integrated high-tech park focusing on high technology manufacturing, advanced technologies, and R&D activities” said Dato’ Mohd Sahil Zabidi, Group Chief Executive Officer of Kulim Technology Park Corporation (KTPC). He also said it was an honour for KTPC to be able to enable Rapid Manufacturing’s efforts to be an innovative industry leader utilising the talents and excellent infrastructure available in Kulim.

“We’re pleased to announce the opening of our new plant in Kulim. It allows us to scale up testing and handling capabilities to meet the growing demand and ensure our customers’ success by continuing to grow our capabilities and to deploy quickly at scale.’’, said Mr. Yogendran Krishnamurthy, Managing Director of RPD MFG Connectivity Sdn Bhd, a subsidiary of Rapid Manufacturing.

“Rapid’s investment strategy in Kulim is expected to create an estimated 2,000 employment opportunities for the local workforce, which includes at least 500 high income jobs. This further affirms a spur to economic growth of the state of Kedah. Rapid’s key priorities are its commitment to hiring and training the local talent, as well as enhancing its vendor-development programs to provide adequate opportunities to local vendors. Local talent, both indirect and direct labor, can have a far-reaching impact on the overall performance of Rapid’s investment.’’, expressed by Mr. Luis Espinoza, COO of Rapid Manufacturing.

“’I am certain that Kulim will be key to the company’s global supply chain network, serving as a hub for Asia Pacific markets and supporting ongoing global business continuity and resilience.’’, commented Mr. Dan Lang, Owner of Rapid Manufacturing.

With over 47 years of operations in the cable and connector industry, Rapid Manufacturing with its very strong customer focused approach, has been able to meet the high demands on reliability and quality conformance with a diverse customer base across multiple industries in different regions. The company is delighted to spearhead its expansion and investment initiatives in the Southeast Asian region, particularly in Malaysia.

*** THE END ***

About MIDA
MIDA is the government’s principal promotion agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About NCER
NCER is one of the regions identified under the Ninth Malaysia Plan for the promotion of balanced and equitable national economic development. It covers the four northern states of Peninsular Malaysia: Perlis, Kedah, Pulau Pinang and Perak. NCER spans 32,404 km², with a population of 6.8 million as of 2018.

About Rapid Manufacturing
Rapid Manufacturing, established in United States of America, is global electronics manufacturing company, and an Advanced Interconnect Solutions Provider dedicated to producing electronic, custom-designed wire and cable harnesses, electro-mechanical and box-build assemblies for Original Equipment Manufacturers (OEMs) announced that it is expanding to Kulim, Kedah. The company has its main facility in Anaheim, California, USA, as well as manufacturing plants strategically located in Mexico and China.

Media Contacts

MIDA
Ms. Noor Suziyanti Saad
Director of Electrical and Electronics Division
T: +603 2267 3575
E: [email protected]

NCIA
Mr Mohamad Haris Kader Sultan
Chief Executive, NCIA
E: [email protected]

Rapid Manufacturing
Mr Yogendran Krishnamurthy
Managing Director of RPD MFG Connectivity Sdn Bhd
T: +60 12-327 3515
E: [email protected]

Rapid Manufacturing Expands Footprints in Malaysia Through Its Fourth Manufacturing Plant


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Kuala Lumpur, 12 May 2023 – EVE Energy Malaysia Sdn. Bhd. (EVE) and Pemaju Kelang Lama Sdn. Bhd. have officially signed a Memorandum of Understanding (MOU) today, marking a significant milestone in the establishment of EVE’s state-of-the-art manufacturing facility in Malaysia. Located in Kulim, Kedah, the manufacturing plant represents a substantial investment of up to USD422.3 million. This facility will be EVE’s 53rd factory and will spearhead the development of an International Cylindrical Battery Industrial Park in Malaysia. The factory will primarily focus on the production of cylindrical lithium-ion batteries for power tools and electric two-wheelers. Furthermore, this project holds the potential to generate 600 new high-quality job opportunities, further contributing to the local economy and employment sector.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), expressed his warm welcome and provided strong support for EVE’s decision to set up in Malaysia. He emphasised, “In our pursuit of unlocking the full potential of EVs, it is crucial to acknowledge the significant role assumed by battery manufacturers. The establishment of a cutting-edge manufacturing facility dedicated to the production of cylindrical lithium-ion batteries in Kulim, Kedah, exemplifies this commitment. Through collaborations with industry leaders like EVE, Malaysia can drive innovation, enhance battery performance, and contribute significantly to the global transition towards sustainable mobility.”

“This MOU will strongly promote local economic development and employment, and further improve the skills of local employees, which can contribute to the development of local supporting, R&D and related industries. The Malaysian government will create an environment that is more suitable for global innovative enterprises to achieve mutually beneficial and win-win developments. We extend our sincerest wishes for EVE to achieve fruitful results beyond expectations”, he added.

The signing of this MOU signifies the advancement of EVE’s Malaysian project, which effectively meets the company’s needs to further expand the production capacity of cylindrical batteries to support manufacturers of electric two-wheelers and power tools, primarily Malaysia and Southeast Asia.

Relying on its domestic manufacturing advantages and experiences, EVE’s Malaysian plant will continually have technical innovations. It strives to be an advanced manufacturing and world-class digital smart battery factory. This will further promote the company’s overseas businesses and global market share of the electric two-wheelers and power tools markets and enhance EVE’s comprehensive competitiveness, while accelerating the expansion of its overseas businesses and promoting the development of Malaysia.

In welcoming EVE’s presence to Malaysia, Datuk Wira Arham Abdul Rahman, Chief Executive Officer of Malaysian Investment Development Authority (MIDA), expressed, “MIDA is committed to attracting quality investments to support the EV supply chain and  ecosystem in Malaysia. We are optimistic that EVs will gain more popularity and become more mainstream, primarily due to the growing demand for the green transportation in the ASEAN region. Through proactive initiatives, MIDA is dedicated to positioning Malaysia as the preferred sustainable investment destination leading player in the global value chain and the preferred technology partner for EVs, aligned with the National Investment Aspirations (NIA) and the New Investment Policy (NIP). Let me assure you that we will continue to facilitate and support EVE Energy’s project implementation and its future expansions in Malaysia.”

YB Dato’ Wira Ku Abd Rahman bin Ku Ismail, Senior Member of Kedah State Executive Council (Committee Chairman of Industry & Investment, Higher Education and Science, Technology & Innovation of Kedah Darul Aman), said, “I would like to emphasize that the Kedah State Government is fully committed to supporting businesses and investors throughout their journey in Kedah. Our dedicated agencies, such as Invest Kedah Berhad, are here to provide assistance and facilitate a smooth investment process, starting from pre-investment all the way through to post-investment stages. We understand that challenges may arise, and rest assured, we stand ready to address any concerns and provide the necessary support.”

Dr. Liu Jincheng, in his speech, expressed his gratitude to the Malaysian Government, MITI and MIDA for their care and support for EVE. EVE places great importance to investing in Malaysia and firmly believes that this is a promising and potential market. “We hope to deepen the cooperation with Malaysia and partners in the future, and to make greater contributions to the energy revolution and the Earth. EVE will fully respect and abide by the regulations and laws of Malaysia. During the plant construction and management of operations, we will increasingly promote digital transformation and improve energy efficiency to achieve production development while protecting the environment.” said Dr. Liu.

Managing Director of Bosch Malaysia Klaus Landhaeusser congratulated on the signing ceremony of EVE’s Malaysia plant. “EVE has been Bosch’s focus supplier for lithium-ion cells since 2018. Their expansion plan into Malaysia fits well with our local-for-local strategy. We are confident that EVE as our trusted partner will bring greater flexibility and stability to cylindrical battery supply chain and we look forward to a continued and fruitful collaboration with EVE.” said Landhaeusser. With Bosch’s 100 years of establishment in Malaysia, he added that EVE has made the right choice for investing in Malaysia.

EVE was established in 2001 and listed in 2009. After 22 years of rapid development, the company has now become a multinational company focusing on lithium battery powering solutions. Offering core technologies and comprehensive solutions for consumer batteries, power batteries and energy storage batteries. EVE’s products are widely used in the areas of internet of things (IoT), the internet of energy and its lithium-ion batteries are supplied to global first-tier brands. The company has also become one of the top 10 companies in the world in terms of power battery installed capacity, working along with internationally renowned automakers such as BMW, Daimler, Hyundai and Jaguar Land Rover. Its global sales foundation footprint has expanded to the United States, Germany, Malaysia as well as other regions.

MIDA has approved 54 projects totaling RM22 billion in the EV and its related ecosystems from 2018 to 2022. The approved investments include the activity of EV assembly, manufacturing of EV parts and components and its charging components.

-ENDS-

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About EVE Energy Malaysia Sdn. Bhd.

EVE Energy Malaysia Sdn. Bhd. is wholly owned by EVE Energy Co., Ltd. through its subsidiary EVE Asia Co., Ltd. Relying on its domestic manufacturing advantages and operational experience, EVE will build a cylindrical battery production base in Malaysia to support the electric two wheelers and power tools manufacturing enterprises in Malaysia and Southeast Asia. This is an important milestone of EVE to expand global business, enhance its comprehensive competitiveness and global market share in the electric two wheeles vehicle and power tool market. The top management team places much focus in the project, and it will further enrich the global industrial layout of EVE.

Media Contacts

MIDA

Mr. Nazuki Abdullah
Director, Transportation Technology Division
Email: [email protected]
Tel.: +603-2267 6688

EVE Energy Malaysia Sdn. Bhd.

Mr. Joe Chan
Director
Email: [email protected]
Tel.: +852-2195 3966

EVE Energy Inks MoU to Setup International Cylindrical Battery Industrial Park in Malaysia


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KUALA LUMPUR, 3 APRIL 2023 – Minister of International Trade and Industry (MITI) YB Senator Tengku Datuk Seri Utama Zafrul Aziz is currently leading a Trade and Investment Mission (TIM) to People’s Republic of China (“China”), which has, thus far, resulted in securing RM170 billion potential investments for Malaysia. The mission included a round table meeting with captains of industry, a Business Forum which was attended by more than 1,000 Chinese and Malaysian business delegates, and one-to-one meetings with potential investors.

Tengku Zafrul said, “I would like to congratulate MIDA and all related agencies in helping to secure these potential investments. The increased interest of Chinese companies in Malaysia bodes well for our nation and has elevated Malaysia-China bilateral relations onto the next level, bolstered by renewed confidence in the Malaysian Unity Government. On MITI’s part, we will prove Malaysia to be pro-industry, pro-trade and pro-investment, by continuously enhancing the investor’s journey and ease of doing business in this country. Now, the hard work begins for MITI, MIDA and other agencies to follow up on and realise these investments within the shortest possible timeline.”

Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) Datuk Wira Arham Abdul Rahman expressed great satisfaction with the outcome of the Trade and Investment Mission to China thus far, highlighting, “Through this Trade and Investment Mission, at the final count, more than 20 companies have expressed their keen interest in investing in the thriving economy of Malaysian spanning areas such as  petrochemical products, solar and glass products, international data centers, as well as electric vehicles (EV) related parts and components. Among companies highly interested to invest in Malaysia are Zhejiang Zhink Group, LONGi, GDS, Shanghai DC Science, and ZTE Corporation, all of whom have acknowledged the immense potential of our nation. This accomplishment showcases the government’s commitment to attracting top-tier investments from the world’s leading digital technology adopters and home to one-third of the world’s unicorns.”

With Malaysia’s favourable business climate, Mr. Xiao Zhonghuai, Vice President of Zhejiang Zhink Group, acknowledged Malaysia’s immense potential and expressed his company’s intention to consider the country as the destination for investment. “In the context of global advocacy of sustainable development, the demand for food-grade PET (Polyethylene Terephthalate) new materials has maintained a good growth trend worldwide due to its good safety, plasticity, recyclability, greenness and wide range of applications. As the world’s leading manufacturer of food-grade PET new materials, Zhink Group has exported its products to more than 100 countries and regions worldwide. In order to better meet the needs of overseas customers and improve service efficiency and quality, Zhink Group will focus on considering Malaysia as the destination country for overseas investment.” he stated.

LONGi’s Founder and President, Mr. Li Zhenguo, shared the company’s expansion plans in Malaysia over the years, stating, “Today, I am proud to announce that LONGi continues to increase our production capacity for ingot, wafer, cell, and module in Malaysia, which is expected to create over 7,000 employment opportunities. Since starting our operations in Malaysia back in 2016, in Kuching, Sarawak, we have been committed to not only driving technological innovation but also empowering local communities. All our new projects are adopting the most advanced automated process and technology. Our current workforce of 4,000 employees is 99.9% Malaysian, and we are eager to continue building our business in Malaysia.”

GDS’s Founder, Chairman, and CEO, Mr. William Huang, expressed confidence in Malaysia’s robust business environment, announcing, “GDS has committed RM1.4 billion for the first data center project in Johor, Malaysia since 2021, showcasing the company’s strong dedication to the country’s progress and development. As a renowned global developer and operator of high-performance data center, GDS has also outlined plans for additional investments, which are estimated to be up to RM4.5 billion total investment over the next decade. With this ambitious timeline, we aim to bring our supply chains and clients from China to Malaysia, demonstrating our confidence in the country’s potential as a major player in the global economy.”

Mr. Wang Bin, CEO of Shanghai DC-Science Co., Ltd, a private enterprise and one of the leading data center service providers in China, highlighted the company’s interest in setting up a state-of-the-art data center in Malaysia, a move that could potentially bring in investments amounting to RM2.7 billion. With a steadfast commitment to excellence and a bold vision for the future, Mr. Wang Bin has committed to finalise his company’s investment decision by 2023.

Mr. Steven Ge, Vice President of ZTE Corporation, reinforced the company’s commitment to Malaysia by announcing a potential investment of RM200 million in the country. Two innovation centres, in collaboration with Celcom, Digi and Telekom Malaysia (TM), are currently under construction and set to drive Malaysia’s 5G development and revolutionise the vertical industry application sector. The innovation centers will focus on research in 5G applications, network coverage and quality, cybersecurity, green energy and emission reduction. The goal is to assist Malaysia build a 5G industry ecosystem, cultivate local talents and achieve the goal as “Asian Digital Tiger”. This project is anticipated to create more than 100 job opportunities and train over 10,000 Malaysians in the coming years, portraying a significant investment in the nation’s human capital. The ESG 2.0 Tree-Planting Campaign, in conjunction with TM, will be launched by ZTE to offset carbon footprint and bolster environmental sustainability.

ZTE’s unwavering dedication to Malaysia’s digital development has undoubtedly left an indelible mark on the country’s technological landscape. The future looks promising, as the partnership between ZTE and Malaysia continues to thrive and pave the way towards a brighter, more connected tomorrow.

In the year 2022, Malaysia recorded RM264.6 billion (USD59.9 billion) in approved investments across the manufacturing, services, and primary sectors. Out of this, RM55.4 billion (USD12.5 billion) came from the People’s Republic of China involving a total of 91 projects. These ventures have the potential to create 11,545 new job opportunities for the Malaysian workforce, further strengthening the nation’s economic fabric. The magnitude of these approved investments testifies to Malaysia’s unrelenting efforts to promote a conducive business environment, cultivate an investment-friendly climate, and offer investors an array of promising opportunities to expand their footprint in the Asia-Pacific region.

***ENDS***

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA

Mr. Faizal Jalaludin
Director, Foreign Investment Division
E: [email protected]
T: +603-22676650

Successful Trade and Investment Mission in Conjunction with Prime Minister’s Official Visit to The People’s Republic of China Secures RM170 Billion of Potential FDI For Malaysia


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Both parties have signed an MOU that extends DHL Express’ role in attracting multinational companies to Malaysia

Kuala Lumpur, 30 March 2023 – DHL Express, the world’s leading international express service provider, and the Malaysian Investment Development Authority (MIDA) have entered into a Memorandum of Understanding (MOU), to strengthen the country’s position as ideal destination for foreign direct investment (FDI). The partnership aims to further consolidate the contribution of the supply chain industry toward national economic growth.

The agreement builds on a longstanding partnership, leveraging DHL Express’ global network and local expertise to attract multinational companies to enter and expand in Malaysia. Both parties are set to intensify joint efforts to drive overseas inflows of capital, infrastructure, and knowledge to develop key priority sectors. These include electrical and electronics, pharmaceutical, digital economy, aerospace, and chemicals.

The MOU was formalised today by Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer of Investment Promotion and Facilitation of MIDA, and Julian Neo, Managing Director of DHL Express Malaysia and Brunei. YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA was also present as the witness of the ceremony.

In 2022, Malaysia recorded approved investments totalling RM264.6 billion (USD59.9 billion), from 4,454 projects, and creating 140,370 job opportunities. The services sector represented the largest chunk of total approved investments with RM154 billion (USD34.8 billion), followed by RM84.3 billion (USD19.1 billion) in the manufacturing sector. Notably, Foreign Direct Investment (FDI) was the major contributor to the total approved investments at 61.7% or RM163.3 billion (USD36.9 billion), while Domestic Direct Investment (DDI) contributed 38.3% or RM101.3 billion (USD23 billion); proving that Malaysia continues to inspire confidence and remains a preferred destination for global investors seeking stable, long-term opportunities.

YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA, noted the heightened investor confidence in Malaysia while welcoming MIDA and DHL Express’ renewed partnership.

In his welcoming speech, he stated, “Despite the unexpected challenges that our initial formalised MOU in 2019 encountered with the advent of the COVID-19 pandemic, today’s signing ceremony reaffirms our commitment to strengthening the robust partnership between MIDA and DHL Express Malaysia. With this new agreement, we are confident that Malaysia will continue to shine brightly as the preferred investment destination for global investors, further solidifying our nation’s position as a beacon of stability, progress and prosperity in the region and beyond.”

“Our stakeholders can also look out for more focused, specific seminars on targeted industries, particularly in key sectors such as green technology, oil and energy, manufacturing, aerospace, e-commerce, as well as global and regional distribution centres. We are hopeful that this strong private and public partnership will help solidify our investors’ confidence and broaden business opportunities. Essentially, ensuring that there is a continuous sustainable stream of quality investment activities in the country in line with our nation’s New Investment Policy.” he added.

Indeed, Malaysia is well ahead of its peers in terms of the depth of its globalisation. According to the latest DHL Global Connectedness Index 2022—a study on the flow of trade, people, capital, and information worldwide—Malaysia ranks second (2nd) in Trade Connectivity in Southeast Asia, and 14th out of 171 economies globally. Malaysia is also among the top ten with the largest connectedness improvements over the data period of 2001 to 2021.

“DHL Express’ growth is very much tied to Malaysia’s own since establishing our roots here 50 years ago,” said Julian Neo. “Through our shared history, we experienced a strong economy that has become the fifth largest in ASEAN. The MOU with MIDA reaffirms our collaborative relationship to facilitate the rising investment interest. With presence that spans 220 countries and territories, DHL Express is well equipped to support companies looking to diversify their supply chains in Malaysia.”

DHL Express Malaysia operates a robust aviation and ground network encompassing six gateways, 21 service centers, 185 retail points of sale, more than 300 vehicles, over 60 weekly flights, four dedicated aircrafts, and more than 1,500 employees to ensure comprehensive service coverage.

-ENDS-

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About DHL – The Logistics Company for the World

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 94 billion euros in 2022. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve net-zero emissions logistics by 2050.

For media enquiries, please contact:

MIDA
Mr. Faizal Jalaludin
Director, Foreign Investment Division, MIDA
T: +603-2267 6650
E: [email protected]

DHL Express Malaysia
Tristan Toh
Corporate Communications, Brand, and Sustainability
T: +6012 719 2021
E: [email protected]
Website: dhl.com.my
Facebook: DHL Express Malaysia
Twitter: @DhlExpressMY
Instagram: @dhlexpressmalaysia

MIDA and DHL Express Partner to Promote Foreign Direct Investment to Malaysia


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PENANG, Malaysia — 22 March 2023 — Critical areas of semiconductor industry growth including sustainability, smart manufacturing, smart mobility, smart medtech and workforce development will take center stage at SEMICON Southeast Asia as the industry’s premier global electronics manufacturing and supply chain event returns to Penang 23-25 May at the Setia SPICE Convention Centre. SEMICON Southeast Asia 2023 is organized in partnership with Malaysia Ministry of International Trade & Industry (MITI), Malaysian Investment Development Authority (MIDA) and InvestPenang. Registration is open.

Themed Boosting Agility and Resiliency for the Electronics Supply Chain, SEMICON Southeast Asia 2023 will also gather industry leaders to explore ways for the electronics industry to build a more robust supply chain as it navigates the current economic downturn and ongoing disruptions.

“With global electronics supply chains being redrawn as a result of geopolitical forces, more global players are shifting their attention to Southeast Asia, where much of the world’s semiconductor manufacturing capabilities are concentrated,” said Linda Tan, President of SEMI Southeast Asia. “There is no better time for the region to bolster its position as a key hub for electronics manufacturing and deepen its integration with global value chains. We look forward to hosting industry leaders at SEMICON Southeast Asia 2023 as they gather to discuss how they can build on Southeast Asia’s strengths to help increase global supply chain resilience, and better position the industry to seize the innovation and growth opportunities ahead.”

SEMICON Southeast Asia 2023 Highlights

  • CxO Summit on Boosting Agility and Resiliency for the Electronics Supply Chain in SEA

  • Roundtable discussion on investment opportunities in Southeast Asia
  • Workforce Development
    • Career fair and talksSEMI SEA University Bootcamp
    • Launch of SEMI University, an online learning management system comprising courses targeted towards industry professionals in the semiconductor and electronics industry.
  • Forums  
    • SMART MobilityMarket and Industry trendsSMART EnterpriseAdvanced PackagingSMART MedTechAdvanced Product Testing
    • Sustainability
  • Smart & Sustainable Manufacturing Journey to help expand the adoption of Industry 4.0 best practices in the semiconductor industry. 
  • Start-ups Showcase featuring the latest innovative semiconductor manufacturing solutions that are available in the market.
  • Industry VIP Networking Night for attendees to connect with industry leaders and experts.

What SEMI Southeast Asia partners have to say

YBhg. Datuk Wira Arham Abdul Rahman, Chief Executive Officer, Malaysian Investment Development Authority

“As Southeast Asia’s semiconductor hub, Malaysia has vast potential to leverage global demand and expand its already robust existing semiconductor ecosystem in the coming years. I am proud to announce that Malaysia’s attraction as a top investment destination in the region remains strong, with a steady influx of high-quality investments in the manufacturing sector. This sector continues to contribute significantly to the Malaysian economy and in 2022, recorded a total of RM84.3 billion (USD19.1 billion) or 31.9 per cent of total approved investments in various economic sectors. Electrical and electronics (E&E) remained the top-performing industry in the manufacturing sector, with a total of approved investments of RM29.3 billion (USD6.6 billion).”

“SEMICON Southeast Asia presents a great platform for businesses to connect, engage and widen their strategic networks. With the presence of international firms at the event, Malaysia will showcase the vibrancy of its E&E industry and offer more opportunities for global industry players to expand their supply chains to include this key sector.”

Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang

“The theme for this year’s SEMICON Southeast Asia aligns with Penang’s longstanding focus to strengthen our competitiveness in the global arena. Having built a significant presence in the semiconductor industry, Penang is often lauded for its areas of expertise along the value chain. Beyond that, the state, via InvestPenang, commits to nurture the growth of emerging subsectors, extend Penang’s depth and breadth in the semiconductor industry to offer a portfolio of capabilities that speaks of our robust semiconductor ecosystem.”

For the full event agenda, please visit the Semicon Southeast Asia website.

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.  

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs) and Penang CAT Center (for talent attraction and retention). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook and LinkedIn.

About SEMI

SEMI® connects more than 2,500 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA), the MEMS & Sensors Industry Group (MSIG) and SOI Consortium are SEMI Strategic Technology Communities. Visit www.semi.org, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter to learn more.

Media Contacts

Ryan Teo/SEMI Southeast Asia
Phone: +65 9859 0883
Email: [email protected]

Michael Hall/SEMI US
Phone: 1.408.943.7988
Email: [email protected]
Reshvinder Kaur/Din Communiations
Phone: +6017 275 7985
Email: [email protected] / [email protected]

SEMICON Southeast Asia 2023 to Spotlight Electronics Supply Chain Resilience, Sustainability, Smart Tech and Talent


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  • SKC is exploring the possibility of making additional investments in the EV segment in Malaysia.
  • POSCO Holdings is planning to develop a Carbon Capture Storage (CCS) project and further expand its steel processing plant in Malaysia to support new business segments such as EV, batteries, and green energy.
  • COWAY’s decision to establish its first manufacturing hub and R&D facilities outside ROK demonstrates the company’s confidence in Malaysia’s economic fundamentals and conducive business environment.
  • LOTTE Fine Chemical proposed a project that will further enhance local production capabilities, support the transition of industries value chain to the next level, and create more high-income and knowledge-intensive jobs.

21 March 2023 – The recently concluded Trade and Investment Mission (TIM) to the Republic of Korea (ROK) has secured a staggering RM24 billion in potential investments for the country. The TIM, held from 14 to 17 March 2023 was led by Minister of International Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz. It was also joined by high-level officials from MITI, MIDA, MATRADE and various Investment Promotion Agencies, as well as representatives from regional development corridors and Malaysian companies.

Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed his excitement in facilitating these investments, stating, “The remarkable achievement of securing RM24 billion in potential investments for Malaysia through the Trade and Investment Mission to the Republic of Korea (ROK) stands as a testament to our country’s steadfast commitment to attracting top-tier investments and augmenting the participation of local companies in the global supply chains.”

He also expressed his enthusiasm for the longstanding strategic partnership between Malaysia and the ROK, forged through the Look East Policy over the past four decades. Thanks to this collaboration, the ROK has become one of Malaysia’s top 10 major investors. “We are eager to welcome even more investments from the ROK. The focus will be on new growth areas such as high technology, innovation, knowledge-based and skills-intensive industries, which will create vast opportunities for the sustainable and green agenda advocated by both nations. The Malaysian Government is also placing a strong emphasis on energy and high-value manufacturing activities, including transport technology, such as the electric vehicle and its ecosystem, which is poised to deliver significant economic potential and long-term sustainable growth,” he added.

SKC, POSCO Holdings, Coway and LOTTE Fine Chemical were among the companies that expressed interest in investing in Malaysia.

SKC is exploring the possibility of making additional investments in the EV segment in Malaysia. Mr. Jae Hong Yi, Chief Executive Officer of SK Nexilis, shared, “Due to the increasing demand for Li-ion batteries in various industries worldwide, SKC is exploring the possibility of making additional investments in the EV segment in Malaysia. Malaysia is a strategic location for rapid global expansion of EV investments as it has started to develop the necessary infrastructure and materials to support the expansion of EV battery production.”

POSCO Holdings reaffirmed the company’s potential investment in Malaysia. POSCO Holdings is planning to develop a Carbon Capture Storage (CCS) project and further expand its steel processing plant in Malaysia to support new business segments such as EV, batteries, and green energy. Mr. Yoo Byeong-Og, Senior Executive Vice President and Head of Green Materials & Energy Business Team at POSCO Holdings, said, “Malaysia has high potential for carbon storage, which is in line with Malaysia’s commitment towards the ESG agenda, including achieving net-zero greenhouse gas (GHG) emissions by 2050 at the earliest.”

Coway’s CEO, Mr. Jangwon Seo, expressed the company’s confidence in the country’s economic fundamentals and pro-business environment by announcing their decision to establish their first manufacturing hub and R&D facilities outside of ROK. The establishment of the R&D center is aligned with Malaysia’s National Investment Aspirations (NIA) to develop high-value, innovative, and advanced technology products, creating high-income and knowledge-intensive jobs for Malaysian. Mr. Seo said, “We are confident that the favourable business climate and talented workforce in Malaysia will be key drivers in enhancing our market presence and contributing to the growth of the nation’s economy.” Mr. Yong Seok Kim, President and CEO of LOTTE Fine Chemical, shared, “LOTTE Fine Chemical sees great potential in diversifying its investments in Malaysia. The chemical industry is a crucial sector in Malaysia, ranking fourth in terms of industry size and third in terms of imports. The country offers a resilient supply chain, a skilled local workforce, and a strategic business ecosystem that can further support the company’s expansion plans. With this proposed project, LOTTE Fine Chemical aims to enhance local production capabilities, enabling the transition of the industry’s value chain to produce more advanced and high-value products”.

In 2022, MIDA announced approved investments in various economic sectors totalling RM264.6 billion (USD59.9 billion). Of this amount, a total of 15 manufacturing and services projects under MIDA’s purview with Korean participation have been approved with total investment worth USD1.42 billion. These projects generated potential employment for 1,389 people and the ROK is now ranked as the 7th largest foreign investor in terms of approved investments for 2022.

The TIM mission kicked off with a seminar titled “Malaysia: Your Profit Centre in Asia” which had attracted more than 250 distinguished business leaders from ROK and Malaysia. The main aim of this mission was to attract investments from various sectors, including electrical and electronics (E&E), environmental, social & governance (ESG), transport technology, metal, hydrogen, and chemical and chemical products.

The continuous investments by investors from the ROK validate the success of the nation’s ongoing efforts in attracting quality investments and in enhancing participation of local companies in high-value global supply chain. The strong interest shown by ROK companies garnered during the mission serves as a major catalyst in expanding the bilateral trade and investment relations, most notably in areas that support the sustainable and green agenda advocated by both nations.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA

Mr. Faizal Jalaludin
Director, Foreign Investment Division
E: [email protected]   I   T: +60322676650

Malaysia Secures RM24 Billion of Potential Investments From Trade and Investment Mission to The Republic of Korea (ROK)


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21 March 2023 – The Malaysian Investment Development Authority (MIDA) has successfully organised an inaugural seminar with the theme ‘Hydrogen Economy – Building a Sustainable Ecosystem in Shaping the Future of Energy, Materials & Infrastructure today at Perdana Hall, MIDA Sentral, Kuala Lumpur. The seminar was held to promote investments in the hydrogen economy to support the government’s agenda in attracting quality and sustainable investments in the new economy that uses innovative and cutting-edge technologies to boost industrial production and economic growth.

The Deputy Minister of International Trade and Industry (MITI), YB Liew Chin Tong, in his keynote address, expressed “While hydrogen has been identified as a fuel for the future in Malaysia’s National Energy Policy, we are still in the process of developing a

comprehensive roadmap and strategy for the hydrogen economy. The Ministry of Science, Technology, and Innovation, together with the National Nanotechnology Centre, are currently drafting the National Hydrogen Strategy. Once the National Hydrogen Strategy is agreed upon and implemented, MITI will engage relevant stakeholders to identify the right incentives and facilities, such as tax breaks, capital allowances, financial assistance, and R&D, to attract investments in hydrogen production, infrastructure, and ecosystem development. This will facilitate the country’s transition to a hydrogen economy, benefiting both industry and the rakyat.”

The seminar started with a welcome address by MIDA Chairman, YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, followed by a keynote address by YB Liew Chin Tong, the Deputy Minister of International and Industry (MITI). Malaysia’s renowned researchers and experts in hydrogen technology, YBhg. Prof. Dato’ Ir. Dr. Wan Ramli Wan Daud and YBhg. Prof. Dato. Ir. Dr. A Bakar Jaafar, also attended. Additionally, Mr. Mikaa Mered, a French Hydrogen Task Force member and Green Hydrogen Ambassador for IAHE, joined virtually from Marseille, France. YBhg. Tan Sri Datuk Seri Dr. Sulaiman Mahbob, Chairman of MIDA, highlighted, “Hydrogen has the potential to play a key role in a clean, secure and affordable energy in the future. “Green” hydrogen is the term used to describe the production of hydrogen from renewable energy sources. Given our country’s abundant and widely spread solar resources as well as the government’s commitment to shift towards renewable energy, the time is suitable for industry players and investors to tap into the potential of “green” hydrogen production.”

Tan Sri Sulaiman mentioned that MIDA is currently providing comprehensive support and facilitation to the Sarawak Economic Development Corporation (SEDC) Energy Sdn. Bhd. and relevant stakeholder to realise the investments in green hydrogen and related projects in Sarawak. “Malaysia is poised to play a pivotal role in the global shift towards a sustainable future through its investment in green hydrogen projects and related ecosystem development “ he added.

YB Liew Chin Tong also launched the Malaysian Association of Hydrogen Energy (MAHE) to the industry players during the seminar. MAHE is a platform to synergise efforts towards the development of a Malaysian Hydrogen Energy Blueprint, establishing academia-industry project collaborations, development of hydrogen project demonstrations, consultations for knowledge and technology transfers, and planning for human capital development.

This event has successfully promoted the hydrogen economy and its potential to shape the future of energy, materials, and infrastructure. The Malaysian government and relevant agencies are committed to supporting the development of a sustainable ecosystem for hydrogen production and infrastructure, and to attract investments in this new economy.

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

For more information, please contact:

MIDA

Mr. Syed Kamal Muzaffa bin Syed Hassan Sagaff
Director, Advanced Technology and Research & Development Division
MIDA Email: [email protected] | DL: + 603- 2267 3636

MIDA Spearheads The Investment Promotion In Hydrogen Economy


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17 March 2023 – The Ministry of International Trade and Industry (MITI), successfully secured a total of RM24 billion potential investment and RM4.24 billion of potential exports of products and services, through the recently concluded Trade and Investment Mission to the Republic of Korea (ROK). The Mission, led by MITI Minister, YB Senator Tengku Datuk Seri Utama Zafrul Aziz from 14 – 17 March 2023, was part of MITI’s continuous efforts in attracting quality investments and enhancing participation of local companies in higher value global supply chain.

During the Mission, Tengku Zafrul had a bilateral meeting with his counterpart, H.E. Dukgeun Ahn, Minister for Trade, Ministry of Trade, Industry and Energy (MOTIE) ROK, to discuss, among others, the proposed resumption of bilateral free trade agreement negotiation between both countries; the formation of a Ministerial Trade Cooperation Dialogue; as well as potential cooperation in digital economy, green economy, renewable energy, supply chain and economic cooperation under the platform of the Indo Pacific Economic Framework (IPEF) and Regional Comprehensive Economic Partnership (RCEP). The Mission also featured a business seminar, a reception and a Venture Capital (VC) Investors’ Round.

Tengku Zafrul said, “The strong interest shown by Korean companies garnered during the Mission is a major catalyst for expanding Malaysia-South Korea bilateral trade and investment relations, particularly in the sustainable and green technology sectors, such as Carbon Capture Storage, Hydrogen Energy and Electric Vehicle. Malaysia’s economic competitiveness in the future will depend on whether we can secure access to and master green technology. Therefore, it is crucial for Malaysia to work with investors that can help us unlock growth in areas that support our sustainable agenda. I hope South Korea can work closely with us on this, as we chart a more resilient journey together for the challenges ahead.”

Among the new investment projects deliberated during the mission were by Samsung Engineering, SKC, Lotte Fine Chemicals, Hyundai, COWAY and a consortium of Korean companies. Lotte Energy Materials, Samsung Engineering and POSCO Holdings have also expressed their commitment to inject new investments in Malaysia, as well as ensure the transfer of new technology, high-value job creation, talent development, ecosystem creation and collaboration with local universities and industries, particularly among small and medium enterprises (SMEs). This is a manifestation of Malaysia’s earnest effort towards attaining sustainable and inclusive economic growth objectives under the New investment Policy (NIP).

The business seminar, which attracted more than 250 captains of industry from both Malaysia and the ROK, provided an update of Malaysia’s pro-trade and pro-investment policies, as well as opportunities for Korean companies to explore in Malaysia. Apart from the seminar, more than 150 individual business meetings were also arranged between Korean companies and Malaysian business delegation.

Another key feature of the mission was the Venture Capital (VC) Investors Round which was chaired by Tengku Zafrul and participated by more than 20 Korean VC investors, who indicated their interests to locate their robotics and AI-based businesses in Malaysia. Tengku Zafrul also witnessed the exchange of four memorandum of understanding (MOUs) with a few Korean VCs’ commitment to invest up to US$400 million in Malaysia.

To commemorate the 40th Anniversary of the LEP between Malaysia and the ROK this year, MITI and the Embassy of Malaysia in the ROK, also organised a Reception which was also graced by H.E. Park Jin, Minister of Foreign Affairs of the ROK and the Vice Minister, Mr. Lee Do-hoon. The Reception was also attended by the business community and government officials from both countries as well as Malaysian professionals and students in the ROK. In 2022, the ROK stood as the eighth largest trading partner for Malaysia with total trade amounting to RM114.21 billion (USD25.94 billion), an increase of 29.3% compared to RM88.31 billion (USD21.01 billion) in 2021. In terms of investment, the ROK has been one of Malaysia’s top sources of Foreign Direct Investment (FDIs) for the manufacturing sector. As of June 2022, a total of 374 projects worth USD9.2 billion (RM32.9 billion) have been implemented, generating 46,260 jobs.

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY (MITI)

MITI Secures RM24 Billion Potential Investments And RM4.24 Billion Potential Exports From Mission To South Korea


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  • A Smart Warehouse and International Procurement Centre will also be built in Sg. Petani to support industrial clusters in Kedah and Penang.
  • Committed to economic vibrancy through continuous investment, high-technology transfer and ‘hire locals first’ policy.

Seberang Perai, Penang, 17 March 2023 – Electronic Manufacturing Services (EMS) provider EG Industries Berhad (EG Industries) is set to build a RM180 million Smart ‘Lights-Out’ Factory 4.0 in Batu Kawan, Penang, which is expected to be a game-changer for the Northern Peninsular. The factory will  be producing new 5G Advanced High Speed Optical Signal Transmitter and Receiver for 5G wireless network (“Optical Modules”), using  photonics and semiconductor technologies through technology transfer from its US-based customer Cambridge Industries Group (“CIG”).   

The Batu Kawan plant, which commenced construction in January 2023, will initiate the first pioneer technology transfer in South East Asia. This is expected to raise the skillset and competitiveness of the local workforce and is set to hire approximately 1,000 high-skilled talents upon completion in the first half of 2024.Today, EG Industries hosted a delegation from the Malaysian Investment Development Authority (MIDA) in Sg. Petani, led by Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development), in conjunction with their expansion plan announcement. Also present at the event was YB Dato’ Wira Dr. Ku Abd Rahman, Senior State Executive Council Member (Kedah) and Member of Parliament Kubang Pasu, Kedah.

EG Industries, who currently employs 3,000 staff representing about 1 per cent of the Sg. Petani population, intends to actively collaborate with local universities and colleges to train fresh graduates to become industry-savvy. With its ‘hire local first’ policy, EG Industries prioritises employing Malaysians from the surrounding vicinity, enabling it to reduce dependency on foreign labour.

Ms. Lim Bee Vian, DCEO (Investment Development) of MIDA congratulated EG Industries, said, “We are pleased to see that EG Industries is actively collaborating with local universities and colleges to train fresh graduates to become industry-savvy. With their ‘hire local first’ policy, we applaud the company for providing job opportunities to Malaysians in the surrounding area, reducing dependency on foreign labor, and therefore helping our locals to increase their source of livelihood. Certainly, EG Industries’ expansion plans align with the National Investment Aspirations (NIA) of attracting high-value investments to deliver sustainable and holistic economic growth.”

“We welcome EG Industries’ expansion project leveraging on cutting-edge 5G technology, which is in line with the government’s mandate for MIDA to spearhead rapid digital transformation in the manufacturing sector. This will pave the way for enhancement on productivity, job creation, and the deepening of Malaysian’s skill set,” added Ms. Lim Bee Vian.

The new plant will deploy Lights-Out methodology, creating a fully networked environment that digitises material flow for autonomous manufacturing. This will be managed by a remote team of highly-specialised experts responsible for data management, production planning and quality control. 

Apart from Batu Kawan, the EMS player is extending its presence further to build Smart Warehouses and an International Procurement Centre featuring Kedah’s first Vendor Management Inventory (VMI) system to serve its own increasing requirements as well as that of the surrounding industrial cluster in Sg Petani, Kedah and Batu Kawan, Penang. The RM40 million facilities are slated for completion in 2024.

EG Industries’ Group Chief Executive Officer (CEO) Dato’ Alex Kang said that the smart facilities were timely given the Group’s expansion journey, from providing Printed Circuit Board Assembly (PCBA) and full-product box-build assembly, to producing upstream 5G routers and soon 5G optical modules.

Dato’ Alex Kang, Group Chief Executive Officer and Executive Director of EG Industries Berhad said, “Even before COVID, EG Industries had put strategies in place to improve our standing, by building our team’s mindset to emphasise on excellence, safety and innovation; serving more international customers to become their EMS partners; and improving efficiency of resource planning and sourcing, especially from local vendors. This has helped us to build our profile to retain our position as top 50 EMS players in the world today. While we are proud of our track record, we believe in enabling our fellow industries in Sg Petani to move forward as a collective unit. This is why we chose to build the Smart Warehouses and IPC, so that every industry player can utilise system-based technologies and have opportunity to scale up their operations.”

“We would like to cooperate more closely with Government authorities and agencies like MIDA to bring up the economic value in the state. Thus far our current plant in Sg. Petani has benefitted from grants to encourage exports and innovation, and we are hopeful for the continued support for future expansion plans. Apart from grants, we always appreciate open sessions for dialogue and feedback on current policies, so that Government agencies are kept abreast of latest developments and challenges of industry players, and formulate a mutually-beneficial solution,” added Dato’ Alex Kang.

Having achieved more than RM1 billion in annual revenue in the financial year ended 30 June 2022 (FY2022), the EMS player currently contributes approximately 2 per cent of Kedah’s Gross Domestic Product (GDP).

-ENDS-

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About EG Industries Berhad (“EG ”, www.eg.com.my)

Main Market Bursa Malaysia Securities Berhad; Bloomberg: EG:MK

EG Industries is a leading Electronic Manufacturing Services (EMS) and Vertical Integration provider for world-renowned brand names of electrical and electronic products for several industries including consumer electronics, ICT, medical, automotive and telecommunications. The Group has a workforce of approximately 3,000 employees in its manufacturing plants in Kedah, Malaysia and Prachinburi, Thailand.

Listed as one of the top 50 EMS players in the world, EG Industries provides services in original equipment manufacturing and original design manufacturing with full turnkey solutions for completed final products assembly (box-build), printed circuit board assembly and modular components assembly.

For media enquiries, please contact:

MIDA
Ms. Noor Suziyanti Binti Saad
Director, Electrical and Electronics Division, MIDA
T: +603-2267 3575
E: [email protected]

EG Industries
Ms. Julia Pong
T: +603-2711 1391/+6012-3909 258
E: [email protected]

EG Industries’ Smart ‘Lights-Out’ Factory 4.0 in Batu Kawan Set to Be A Game-Changer in the Northern Peninsular


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  • The Malaysia Madani concept emphasises the concepts of innovation, inclusivity and sustainability, where economic growth is achieved in a balanced and equitable manner, taking into account environmental, social and governance (ESG) factors. In this context, the positive trend in approved investments across Malaysia’s services, manufacturing, and primary sectors is a promising sign for the country’s focus towards achieving a more sustainable economy.
  • In 2022, Malaysia recorded approved investments totalling RM264.6 billion (USD59.9 billion). This translates to 4,454 projects, with 140,370 job opportunities to be created.
  • The services sector is the major contributor with RM154 billion (USD34.8 billion), followed by a RM84.3 billion (USD19.1 billion) boost in manufacturing sector, and RM26.3 billion (USD6 billion) in the primary sector.
  • Foreign Direct Investment (FDI) remained the major contributor to the total approved investments at 61.7% or RM163.3 billion (USD36.9 billion), while Domestic Direct Investment (DDI) contributed 38.3% or RM101.3 billion (USD23 billion).
  • The People’s Republic of China (PRC) dominated foreign investments totalling RM55.4 billion (USD12.5 billion) or 33.9% and followed by The United States of America (17.9%) The Netherlands (12.5%), Singapore (8.3%) and Japan (7%).
  • Five (5) states that have recorded significant investment value to the total approved investments include, Johor (RM70.6 billion) (USD16 billion), Selangor (RM60.1 billion) (USD13.6 billion), Sarawak (RM28.2 billion) (USD6.4 billion), Wilayah Persekutuan Kuala Lumpur (RM25 billion) (USD5.7 billion) and Pulau Pinang (RM16.3 billion) (USD3.7 billion).
  • Malaysia’s services sector secured a total of 3,581 projects worth RM154 billion (USD34.8 billion) for the period of 2022.

Kuala Lumpur, 8 March 2023 – With the announcement of RM264.6 billion in approved investments for 2022, the Malaysian Investment Development Authority (MIDA) has demonstrated Malaysia’s status as a preferred investment destination. Under the theme “Sustainable Investments for Growth,” the country’s manufacturing, services, and primary sectors have demonstrated resilience in the face of a challenging economic landscape, proving that Malaysia continues to inspire confidence and remains a preferred destination for global investors seeking stable, long-term opportunities.

During the Annual Media Conference (AMC), YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of International Trade and Industry (MITI) emphasised the importance of investing in sustainable technologies. He stressed, “As the world increasingly confronts the realities of climate change,
the urgency of investing in sustainable technologies and solutions cannot be overstated. MITI is taking sustainability seriously as we craft policies to incentivise companies and industries to help us lay the groundwork for a more sustainable and equitable world. This must be a whole-of-nation effort, as we want to attract the right investments that will support local SMEs and supply chains, as well as give the rakyat more job opportunities. Ultimately, it is all about achieving inclusive socio-economic benefits to secure a brighter future for all Malaysians.”

Of the approved investments of RM264.6 billion (USD59.9 billion), this include a total of 4,454 projects, and expected to create 140,370 job opportunities for Malaysians.

Foreign Direct Investment (FDI) accounted for 61.7% of total investments, or RM163.3 billion (USD36.9 billion). Domestic Direct Investment (DDI) recorded 38.3%, or RM101.3 billion (USD23 billion).

The People’s Republic of China (PRC) led the way in total approved investments with RM55.4 billion (USD12.5 billion), followed by The United States of America (RM29.2 billion) (USD6.6 billion), The Netherlands (RM20.4 billion) (USD4.6 billion), Singapore (RM13.5 billion) (USD3.1 billion), and Japan
(RM11.4 billion) (USD2.6 billion).

Five (5) states have seen significant investment activity, with Johor having the most approved investments, totaling RM70.6 billion (USD16 billion). This is followed by Selangor (RM60.1 billion) (USD13.6 billion), Sarawak (RM28.2 billion) (USD6.4 billion), Wilayah Persekutuan Kuala Lumpur (RM25 billion) (USD5.7 billion) and Pulau Pinang (RM16.3 billion) (USD3.7 billion).

YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA, in his Welcome Remarks stated that the significant investment results are the outcome of a collective effort by stakeholders in promoting economic growth, social stability, talent development, sustained economic inclusivity and the advancement of Malaysia’s digital economy.

The AMC theme reflects MIDA’s incorporation of the New Investment Policy (NIP) and Environmental, Social and Governance (ESG) principles into its strategies. The goal is to produce sustainable, long-term investments, as well as to collaborate with partners who prioritise “impact investment”.

Services Sector Dominates the Investment Landscape

Malaysia’s services sector recorded 3,581 projects worth RM154 billion (USD34.8 billion). This represents a 58.8% increase over the previous year’s investments of RM97 billion (USD23.3 billion), which is expected to create 63,464 new jobs.

Foreign investment accounted for 55.1% of total approved investments in the services sector, or RM84.9 billion (USD19.2 billion), with domestic investment accounting for the remaining 44.9%, or RM69.1 billion (USD15.6 billion).

The information and communications sub-sector dominated the services sector, with approved investments worth RM84.7 billion (USD19.2 billion), or 55%. There were five (5) projects related to Information and Communication Technology (ICT) services, including data centres and cloud computing services, with an investment value of RM72.4 billion (USD16.4 billion), or 85.5% of the approved investments in the information and communication subsector.

Real estate (RM28.9 billion) (USD6.5 billion), financial services (RM11.2 billion) (USD2.5 billion), utilities (RM10.8 billion) (USD2.4 billion), and distributive trade (RM6.2 billion) (USD1.4 billion) were among the other sub-sectors that contributed to the amount of investments approved.

Investment in Manufacturing Sector

Malaysia’s attraction as a top investment destination in the region remains strong, with a steady influx of high-quality investments in the manufacturing sector. This sector contributed RM84.3 billion (USD19.1 billion), or 31.9% of total approved investments in various economic sectors.

FDI accounted for 78.3% of total approved investments, totalling RM66 billion (USD14.9 billion), with DDI contributed for the remaining 21.7% (or RM18.3 billion) (USD4.2 billion).

The number of approved expansion/diversification projects in the manufacturing sector recorded 385 projects worth RM49.3 billion (USD11.2 billion), while the number of new projects approved were 416, with a value of RM35 billion (USD7.9 billion).

Electrical and electronics (E&E) are the top-performing industries in the manufacturing sector (RM29.3 billion) (USD6.6 billion), followed by machinery and equipment (RM8.4 billion) (USD1.9 billion), transport equipment (RM8 billion) (USD1.8 billion), chemical and chemical products (RM7.4 billion) (USD1.7 billion), petroleum products (including petrochemicals) (RM5.9 billion) (USD1.3 billion), non-metallic mineral products (RM5.8 billion) (USD1.3 billion), scientific and measuring equipment (RM4.7 billion) (USD1.1 billion) and rubber products (RM3.6 billion) (USD0.8 billion). These industries comprise for RM73.1 billion (USD16.5 billion), or 86.7% of total approved investments in this sector.

A total of 76,093 potential new job opportunities is expected to be created in the manufacturing sector, where it will require 27,894 (36.7%) positions for managerial, professional/technical/supervisory and skilled employment, reflecting the higher value chain transition of the manufacturing sector.

Investment in Primary Sector

The primary sector registered a total of RM26.3 billion (USD6 billion) in approved investments, or 9.9% of total approved investments in the various economic sectors, an increase of 52.3% from RM17.3 billion (USD4.1 billion) in 2021.

Domestic investment dominated the primary sector, accounting for RM13.9 billion (USD3.1 billion), or 52.9%, with foreign investment recording for the remaining 47.1%, or RM12.4 billion (USD2.9 billion).

The plantation and commodities sub-sector recorded RM2.2 billion (USD0.5 billion) of approved investments (2021: RM211.4 million or USD50.7 million). Meanwhile, the agricultural sub-sector attracted RM154.4 million (USD34.9 million) in total approved investments (2021: RM20.5 million or USD4.9 million).

MITI and MIDA Continues to be at the Forefront in Attracting Investments

Despite the global economic landscape’s challenges, Malaysia has shown unwavering determination in navigating these difficult times. MITI and MIDA have continued to play a proactive role in ensuring a steady flow of domestic and foreign investment, which has contributed to the country’s resilience.

MIDA has a number of promising projects in the works, with potential investments totalling RM14.6 billion (USD3.3 billion), indicating great potential for the Malaysian economy. The manufacturing sector has 31 projects with a potential investment of RM10.6 billion (USD2.4 billion), while the services sector has 218 projects with a potential investment of RM4 billion (USD0.9 billion). Moreover, the recent commitment by Tesla and Amazon Web Service (AWS) to invest in Malaysia is a testament to Malaysia’s political stability and institutional strengths. Overall, this reflects MITI’s and MIDA’s commitment to promoting sustainable economic growth and job creation in Malaysia.

“Moving forward, as Malaysia strives to become Asia’s investment gateway, we are making every effort to quickly emerge as ASEAN’s digital hub, owing to our highly developed ICT infrastructure, talented STEM pool, strong intellectual property protection framework, and rule of law. The revised New Industrial
Master Plan 2030 will set the tone for Malaysia’s industrial development by outlining new growth opportunities, improving ease of doing business, and attracting high-quality digital investments. To reduce our carbon footprint and promote sustainable development, we will prioritise investments that benefit the people, planet, and profit, as well as funding for green projects and renewable energy. Our goal is to create high-paying jobs for Malaysians while also ensuring that growth is equitable and beneficial to all stakeholders.” added Tengku Zafrul.

MITI and its agencies, such as MIDA, will continue to work hard to attract highquality digital investments, generate more value and opportunities for growth through data and cloud-based technologies, and create high-paying jobs for Malaysians. As the country aspires to become Asia’s investment gateway, the
Government will also ensure that growth is balanced and beneficial to all stakeholders via sustainable economic growth and prosperity for the rakyat.

*** END ***

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For media enquiries please contact:

Ms. Fatmah Ahmad
Director, Corporate Communications Division
Email: [email protected]| DL: +603-2263 2428

Malaysia Attracted RM264.6 Billion (USD59.9 Billion) in Approved Investments for 2022, to Focus on Investments that Promote Sustainable Economic Growth and Prosperity for the People


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KUALA LUMPUR – 2 March 2023 – Amazon Web Services (AWS) celebrated a significant milestone today with the announcement of plans to open a Cloud Computing Infrastructure in Malaysia. The Malaysian Investment Development Authority (MIDA) views AWS’s plans to invest approximately RM25.5 billion (USD6 billion) by 2037 to establish an AWS Region, a testament to their confidence in Malaysia’s promising digital economy and its capacity to drive long-term growth. This investment will advance nationwide digitalisation, foster a spirit of creativity, and cultivate a world-class digital workforce to accomplish Malaysia’s ambition of becoming a cloud-first nation.

Datuk Seri Anwar Ibrahim, Prime Minister of Malaysia, announced AWS’s investment at the AWS Cloud Day Malaysia event, which was attended by YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of International Trade and Industry (MITI); YB Rafizi Ramli, Minister of Economy; YB Teo Nie Ching, Deputy Minister of Communications and Digital; and YB Tuan Mustapha Sakmud, Deputy Minister of Human Resources.

Minister of MITI, YB Senator Tengku Datuk Seri Utama Zafrul Aziz applauded AWS’s decision to establish its Cloud Computing Infrastructure in Malaysia. “We welcome AWS’s investment to bring an infrastructure for cloud computing to Malaysia, which will create value and opportunities for growth using data and cloud-based technologies. By embracing cloud, Malaysia will enhance its global competitiveness by attracting foreign investors and creating market-ready talent, Equally important is the empowerment of all industries and local SMEs to expand their operations and pursue innovation. We also look forward to AWS’s continued investment in talent training and development, particularly on cloud-based technologies among Malaysia’s workforce. On a personal level, I am also pleased that the relations I have built with AWS in the last two years have finally borne fruit for Malaysia’s benefit,” said Tengku Zafrul.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, attended the event and expressed, “MIDA has been facilitating and assisting AWS on their investment in the country, and we are proud and excited to witness this momentous event today. Malaysia already has a reputation as a “rising star” of the global data centre sector and by having AWS, the world’s leading cloud provider, make this investment in Malaysia will solidify our position as a data centre hub in the region. The investment and initiatives from AWS will provide Malaysia with cutting-edge technologies, which provides competitive edge to local businesses especially SMEs, and MNCs, helping them to grow.”

Malaysia has one of the most developed data centre markets in Southeast Asia, valued at RM4.7 billion (USD1.06 billion) in 2021 according to market analyst organization Arizton. This figure is expected to grow rapidly in the near future, rising to RM7 billion (USD1.57 billion) by 2027.

From January to September 2022, the information and communications sub-sector recorded approved investments valued at RM69.2 billion (USD14.9 billion). From the total approved investments of this sub-sector, RM60.7 billion (USD13.1 billion) investments for data centre activity were approved.

The Digital Investment Office (DIO) is at the forefront of facilitating digital investments, helping investors connect with local partners and navigate regulatory requirements. Through DIO, the Malaysian Government’s objective of attracting RM70 billion in digitalisation investments by 2025 is on track.

This is being further facilitated by strong investment in a range of other tech areas, including the communication network infrastructure as the nation transitions to 5G, which is also in tandem with a business-beneficial geographical location, abundant natural resources and a skilled workforce.

Key to developments to date – and more to come in the future – is the support from the Malaysian Government, with MIDA taking the lead to attract quality investments, harness the vast possibilities opened up by the digital revolution and leverage technology to navigate the challenges ahead.

Note: 1USD = RM4.48

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my  and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

Media Contacts

Ms. Rosedalina Ramlan
Director, Business Services and Regional Operations, MIDA
Email: [email protected] | DL: +60322673515

Amazon Web Services (AWS) Announces RM25.5 Billion Investment to Launch an AWS Cloud Computing Infrastructure In Malaysia


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Penang, 28 February 2023 – Greatech Technology Berhad (“Greatech”), through its subsidiary Greatech Integration (M) Sdn. Bhd., a Malaysia-based leading automation solutions provider, organised a groundbreaking ceremony for the construction of a new facility in Penang, Malaysia. The new additional facility, BK IV, with a built-up area of 500,000 square feet, will be constructed across 11.58-acre land in Batu Kawan Industrial Park, Penang. Upon the completion of BK IV, Greatech will have a total combined floor area of more than 1.2 million square feet. Greatech invested approximately RM1.3 billion for this expansion with an estimated capital expenditure of RM200 million and an estimated operating expenditure of RM1.1 billion. The Group strongly believes that this investment will open new horizons in meeting their ever-growing demands.

The ground breaking ceremony was officiated by the Chief Minister of Penang, the Right Honourable Mr. Chow Kon Yeow. Also present at the ceremony were YB Prof. Dr. P. Ramasamy, Deputy Chief Minister II of Penang, YB Mr. Liew Chin Tong, Deputy Minister of International Trade and Industry (MITI), Ms. Lim Bee Vian, Deputy Chief Executive Officer (CEO) (Investment Development) of Malaysian Investment Development Authority (MIDA), Dato’ Loo Lee Lian, CEO of InvestPenang, Dato’ Tan Eng Kee, CEO of Greatech, Tuan Mohamad Haris Kader Sultan, Chief Executive of Northern Corridor Economic Region and Ms. Ooi Hooi Kiang, the Board Chair of Greatech Technology Berhad.

The Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang applauded Greatech for the reinvestment decisions. “Penang’s homegrown companies held critical roles in promoting the growth of the machinery and equipment (M&E) sector in the state. We are proud of the involvement of local companies, such as Greatech, in creating a comprehensive supply chain for the state in the M&E and automation domains. I am confident that the growing strength of local companies will translate into more opportunities, anchoring our position as the Silicon Valley of the East.”

“I am pleased to also share that investments in the machinery and equipment (M&E) industry alone totalled RM7.3 billion from 2020 to September 2022, accounting for 57 per cent of the country’s total. This has placed us on the right trajectory to becoming a global front-to-backend equipment manufacturing hub,” he added.

Ms. Lim Bee Vian, Deputy CEO (Investment Development) of MIDA commended Greatech for the establishment of an additional new manufacturing facility in Batu Kawan, Penang.

“Greatech’s new plant is a testament to Malaysia’s long-term investment opportunities, the thriving state of the manufacturing industry, and its ecosystem. Its capabilities in developing factory automation systems; and related modules and components for electric vehicle (EV), solar and medical devices, will create employment opportunities for our local talent and boost the industry ecosystem’s growth.”

“The Government encourages all companies in Malaysia to incorporate Environmental, Social and Governance (ESG) practices into their operations. By doing so, they can maintain relevance, resilience, and preparedness for future uncertainties. Greatech’s investment in ESG practices is a shining example of a corporate responsibility that others can emulate,” she added.

Ms. Ooi Hooi Kiang, the Board Chair of Greatech said, “Greatech has grown rapidly in the last 5 years, broadening our customers base across the world. Furthermore, our headcount significantly increased from 350 in 2018 to 1,300 to date. This has contributed to the creation of high-impact job opportunities with 50 per cent of the total staff being design engineers and 98 per cent of them being local hires.” “We also envision building Penang into a world-class automation hub and becoming the global top 10 factory automation solutions provider in the next few years. Our key emphasis is that the equipment and systems are designed and made by Malaysian talents. In order to realise our ambition, we continue to invest in three key strategic pillars, first, expanding our production capabilities, second, attracting and retaining key talents and lastly, building an enduring culture that encourages open communication and innovation”, she concluded.

-ENDS-

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centres. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs) and Penang CAT Center (for talent attraction and retention). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About Greatech Technology Berhad

Greatech’s principal activity is investment holding, whilst its subsidiary companies are principally involved in the design, manufacturing, installation and commissioning of equipment that are used to automate processes in production lines. Greatech Group’s products range from single automated equipment up to a production line system which comprises multiple automated equipment as well as provision of parts and services. The Group’s corporate headquarter is in Bayan Lepas, Penang, with facilities in Bayan Lepas, Batu Kawan and USA.

For media enquiries, please contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery and Metal Technology Division, MIDA
T: +603-22676769
E: [email protected]

INVESTPENANG
Ms. Yeoh Bit Kun / Ms. Ooi Phei Wen
E: [email protected] / [email protected]

GREATECH TECHNOLOGY BERHAD
Mr. Adrian Ang
T: +604-646 3260 Ext 111
E: [email protected]

Greatech Technology Berhad Marks Major Milestone with RM1.3 Billion Investment in Batu Kawan IV (BK IV)


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Malaysian Investment Development Authority (MIDA) and Malaysia Digital Economy Corporation (MDEC) Welcome the JV Partnership to Enhance Digital Infrastructure in Malaysia

23 February 2023, Singapore/Kuala Lumpur — Real estate private equity firm Gaw Capital Partners announced today that the firm, has formed a JV platform jointly with A3 Capital to invest into greenfield and under-performing data centre assets across key markets in the Southeast Asia region. The collaboration is aimed to create a portfolio of Tier-3 certified data centre assets. This JV platform will also launch the Infinaxis Data Centre platform with a focus on developing Internet Data Centre (IDC) assets across the Southeast Asia region. The data centre assets under the JV platform will be managed by Infinaxis, staffed by an experienced data centre team originally under A3 Capital. The JV platform’s first investment is located in Cyberjaya, Kuala Lumpur, Malaysia, with other pipeline opportunities in other neighbouring countries like Indonesia and Singapore.

Cyberjaya is one of the largest IDC hubs in Malaysia, housing 67 per cent of the Multi-Tenant Data Centre market in Malaysia as of Q2 2021. Considered as the “Silicon Valley of Malaysia”, Cyberjaya, spanning around 29 square kilometres, is the nucleus of the Multimedia Super Corridor in Malaysia. Cyberjaya houses over 2,000 businesses, including SMEs, startups and multinational companies such as IBM, Fujitsu, Panasonic and Huawei, as well as seven universities, turning it into a regional and global ICT hub. Located in Cyberjaya, the seed investment consists of two greenfield sites with a combined plot area of 12,490 square meters. The JV platform will develop a 12 MW IT load IDC facility on one of the plots. The IT capacity will potentially be doubled in the future, with the second plot to be developed as an expansion site. The data centre assets under the JV platform will be operated by Infinaxis, which consists of seasoned industry experts with decades long track records in data centre, real estate and technology industries.

Kok Chye Ong the Managing Director and Head of IDC Platform, Asia (Ex-China) of Gaw Capital Partners said “Gaw Capital Partners is honored to work together with Infinaxis Data Centre Holdings as the platform operator. By forming this strong partnership, we will develop, acquire or reposition four to five data centres in different locations throughout Southeast Asia. The data centre demand in Malaysia is underpinned by strong internet traffic and high amount of data consumption. In recent years, the internet data growth in these areas have been further accelerated by the continued digital transformation of enterprises and 5G penetration. Also, several government initiatives over the last decade have made Malaysia an attractive market for data centres. However, the supply of quality data centres has not caught up with the technical demand from customers. We look forward to exploring more investment opportunities in this market.”

Zahri Mirza, Chief Executive Officer (CEO) for Infinaxis further added, “The outlook for data centre demand in Southeast Asia is indeed highly positive and our collaboration with Gaw Capital will allow us to fast track the delivery of services for our customers. Indeed, through our Gaw Capital partnership, we have been able to gain support from MIDA and MDEC in processing the necessary regulatory approvals in a timely manner.”

The Malaysian Investment Development Authority (MIDA) and Malaysia Digital Economy Corporation (MDEC) welcome the JV partnership formed by Gaw Capital Partners and A3 Capital to launch the Infinaxis Data Centre platform, enhancing digital infrastructure in Malaysia. Data centre facilities are now at the forefront of innovation and have been supporting the demand for mission-critical digital infrastructures and the cumulative growth of data. Not only do businesses rely on data centres for storage, but for disaster recovery and data management too.

Datuk Wira Arham Abdul Rahman, CEO of MIDA said “My sincere compliments to Gaw Capital Partners and A3 Capital for launching the Infinaxis Data Centre platform. Malaysia is the location of choice for industry leaders to site their best-in-class data centres. These combined efforts will definitely play a key role in enhancing our digital infrastructure.”

“The Government is committed to growing Malaysia as a data centre hub by developing infrastructure, facilitating innovation and strengthening frameworks guided by the MyDigital Blueprint and National Investment Policy (NIP). Anchored by the National Investment Aspirations (NIA), the NIP will outline practical strategies to prioritise nurturing innovative, high-impact, high-tech investments that create high value jobs,” added Datuk Wira Arham.

Ts. Mahadhir Aziz, CEO of MDEC, said, “As the nation’s lead digital economy agency, we are pleased to have facilitated this expansion in raising the overall infrastructure capacities in the data centre sector. This will be crucial as we seek to continue accelerating the growth of our digital economy, guided by the new national strategic initiative, Malaysia Digital (MD). MDEC will strive to form more effective collaborations and drive further facilitation on this front to ensure that the nation remains competitive and attractive to investments, towards establishing Malaysia as the digital hub of ASEAN.”

The JV platform is committed to incorporating ESG principles. Infinaxis plans to apply a staged implementation of more advanced sustainability features over time, considering the availability of options and unique circumstances at the respective sites. The data centres will be more efficient and sustainable, fundamentally making them more competitive which will increase the platform’s long-term value.

Gaw Capital Partners was named ‘Alternatives Investor of the Year: Asia’ at the PERE Awards 2021 after receiving the largest number of votes in a public ballot of the real estate industry. In recent years, IDC has been a focus sector for Gaw Capital Partners as the data centre industry is one of the cornerstones of the digital economy, which is growing rapidly with broad prospects. The firm was also highlighted for launching two data centre platforms in China and two in Pan-Asia. In September 2020, the firm closed fundraising for its first IDC platform, which invested in a portfolio of projects in partnership with IDC developers and operators in China, bringing the total equity raised to approximately USD1.3 billion with the aim to build “green, efficient, innovative and recyclable” data centre clusters.

The Asia region represents as one of the geographic frontiers in the data centre space with greater opportunities. The Gaw Capital data centre platform will also comprise data centres located in China, Indonesia, Japan, South Korea, Vietnam and now in Malaysia.

-END-

About Gaw Capital Partners
Gaw Capital Partners is a uniquely positioned private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally. Specialising in adding strategic value to under-utilized real estate through redesign and repositioning, Gaw Capital runs an integrated business model with its own in-house asset management operating platforms in commercial, hospitality, property development, logistics, IDC and education. The firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses and IDC projects.

Gaw Capital has raised seven commingled funds targeting the Greater China and APAC regions since 2005. The firm also manages value-add/opportunistic funds in the US, a Pan-Asia Hospitality Fund, a European hospitality fund and a Growth Equity Fund, and it provides services for credit investments and separate account direct investments globally. Since 2005, Gaw Capital has commanded assets of US$33.6 billion under management as of Q3 2022.

About A3 Capital
A3 Capital is a privately held specialist Real Estate investment platform based in Singapore with origination and execution capabilities across Asia Pacific. The founders have over 80 years of combined experience in Real Estate investment management, capital markets and finance, having managed over US$4bn worth of AUM across different geographies. A3 Capital organizes its activities in the following areas: –
• Real Estate Fund Management – develop real estate fund strategies in partnership with global investment funds and private equity investors;
• Asset Management – execute real estate strategies on behalf of global funds and institutions;
• Syndication – source, structure and invest alongside partners in opportunistic/open ended real estate and other asset-based strategies.

About Infinaxis Data Centre Holdings
Infinaxis is a data centre developer and operator and positioned to build a Data Centre platform in Southeast Asia. The team has deep DC knowledge with extensive experience in execution across the entire data centre life cycle of investment, site acquisition, financing, development, operations and divestment. Headquartered in Singapore, Infinaxis is uniquely positioned to tap the growing demand for digital infrastructure and services in the region. Our mission is to help organizations grow in digital transformation by providing state-of-the-art facilities and best-in-class services.

About Malaysia Investment Development Authority (MIDA)
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Malaysia Digital Economy Corporation (MDEC)
MDEC is the agency under the Ministry of Communications and Multimedia Malaysia leading the digital transformation of the economy for 26 years. We aim to enable a progressive, innovation-led digital economy. MDEC will continue to lead Malaysia towards becoming a globally competitive digital nation through the development and execution of Malaysia’s Digital initiative, which aims to create substantial digital tools, knowledge and income opportunities. Malaysia Digital is set to enhance Malaysia’s value proposition to attract digital investments, firmly establishing Malaysia as the digital hub of ASEAN. For more information, please visit www.mdec.my.

Media Contacts:

Gaw Capital Partners
Ms. Camille Lam
Tel: +852 2583 7717/+852 9884 9198
Email: [email protected]
www.gawcapital.com

A3 Capital Pte. Ltd
Mr. Amos Ong
Partner
Email: [email protected]
www.a3capital-asia.com

Infinaxis Data Centre Holdings Pte Ltd
Ms. Norzana Haniff
Director of Marketing & Business Development
Email: norzana[email protected]
www.infinaxis.net

MIDA
Ms. Rosedalina Ramlan
Director of Business Services and Regional
Operations Division
Email: [email protected]
Tel.: +603-2267 3515

MDEC
Mr. Simon Yap
Strategic Communications, Corporate Affairs Division
Email: [email protected]

Gaw Capital Partners and A3 Capital Jointly Form a JV Platform with the Launch of the first Infinaxis Data Centre in Malaysia


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Kuala Lumpur, 21 February 2023 – KL Wellness City hosted a media announcement today on the support of the Malaysian Government, particularly the Malaysian Investment Development Authority (MIDA), towards the KL International Hospital (KLIH) project, a new private hospital to be built within the mixed development of KL Wellness City in Kuala Lumpur with proposed investment of RM860 million. The 624-beds hospital, with potential expansion to 1,000 beds, will offer a fully comprehensive and integrated ecosystem of healthcare services including wellness and fitness facilities. The project, set to be in operation in the first quarter of 2026, will create over 3,000 job opportunities.

The event was officiated by YBhg. Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of Malaysian Investment Development Authority (MIDA) and YBhg. Dato’ Dr Colin Lee, Managing Director of KL Wellness City.

The Government through MIDA has provided incentives for the healthcare sector, including tax deductions and support for selected hospitals, to make it more regionally competitive and appealing to investors. To date, MIDA has approved incentives to 86 private healthcare facilities with a total investment of RM11.2 billion, creating over 18,000 job opportunities.

Datuk Wira Arham Abdul Rahman, highlighted, “Malaysia’s healthcare sector remains a top priority and the government has allocated a significant budget for healthcare. For instance, in 2022, the Ministry of Health (MOH) received the second-largest budget amounting to RM32.4 billion after education, underscoring the government’s commitment to ensuring the well-being of its citizens. Malaysia operates a two-tier healthcare system where the public and private sectors complement each other in providing healthcare, particularly in urban areas where the private sector fulfills a critical need which includes oncology, cardiology and gene therapy.”

He also added, “MIDA is optimistic that the KLIH project will bring positive economic benefits to Malaysia, in terms of creating high-quality jobs with majority of 95 per cent Malaysians which includes 460 medical specialists and doctors 1,972 nurses, and 278 allied health professionals such as physiotherapists, radiographers, medical technologists, pharmacists and technicians as well as increasing supply for quality healthcare and medical expertise. Eventually, it will contribute towards making Malaysia a medical tourism hub in the region.”

The hospital will be equipped with cutting-edge technology and state-of-the-art medical equipment which includes 22 operating theatres (including Hybrid Angio and MRI OT), robotic surgery, 3T MRIs, 512 CT, Biplane and Single Plane Cath labs, MRI Linac and a Hyperbaric unit. It will cater to a full range of medical disciplines, providing sophisticated to non-complex surgeries as well as tertiary and secondary care services. This will attract multidisciplinary leading specialists to practice in a single hospital location, shortening turnaround time for both local and foreign patients, optimising patient care and experience.

Malaysia’s healthcare system is accessible to nearly all of the population due to the complementary existence of the public and private sectors. Investments in world-class facilities have resulted in both private and public hospitals providing specialist services. The country also projects significant potential in the medical tourism industry, growing at a compound annual growth rate of 17%, and becoming a leading choice for foreign patients seeking healthcare treatment.

Sharing in this vision of building a 360-degree wellness hub, the KL Wellness City community boasts The International Tertiary Hospital, Medical Suites, innovation laboratories, clinical R&D facilities, healthcare company office towers, a retirement resort, a Healthcare Hub, wellness-centric serviced apartments, a fitness-based Central Park, and more. Serving as a healthcare nexus, these pivotal elements collectively render KL Wellness City the ultimate one-stop oasis for the body and the mind.

-ENDS-

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About KL Wellness City

At the forefront of wellness and healthcare, KL Wellness City is the first in Southeast Asia to cultivate a lifestyle fully integrated with healthcare. Pioneering a comprehensive ecosystem embodying healthcare and wellness living, KL Wellness City’s concept is uniquely modelled by its declaration to redefining, strengthening, and broadening our experience of health and quality of life.

Sharing in this vision of building a 360-degree wellness hub, the KL Wellness City community boasts The International Tertiary Hospital, Medical Suites, innovation laboratories, clinical R&D facilities, healthcare company office towers, a retirement resort, a Healthcare Hub, wellness-centric serviced apartments, a fitness-based Central Park, and more. Serving as a healthcare nexus, these pivotal elements collectively render KL Wellness City the ultimate one-stop oasis for the body and the mind.

For media enquiries, please contact:

MIDA

Ms. Wahida Abdul Rahman
Director, Healthcare, Education and Hospitality Division, MIDA
T: +603-2267 6622
E: [email protected]

KL Wellness City

Mr. Wan Zamri Wan Hassan
T: 019-5762296
E: [email protected]

Kuala Lumpur’s Integrated Medical Wellness City to Welcome New KL International Hospital, Providing Unmatched Healthcare Services


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Penang, 18 February 2023 – Elna PCB Malaysia Sdn. Bhd. (Elna PCB), one of the key printed circuit board (PCB) players in Penang, held a groundbreaking ceremony today for the expansion of its new plant in Seberang Perai Tengah, Penang. With an investment value of approximately RM1 billion for the equipment, plant, and machinery, the construction of the new plant has commenced in December 2022. Aiming to be completed within a year, the plant is expected to create an additional of 1,000 employment opportunities and begin production by 2024.

Spanning across 10,289 square meters land area, the new plant is designated to manufacture PCBs for the usage of automotive, server, networking, laptop, desktop and consumer electronic devices products to support the ecosystem with its increased growing capacity.

Officiating the groundbreaking ceremony, the Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang, congratulated Elna PCB on achieving this milestone, “With a presence of nearly 30 years in Penang, Elna PCB’s expansion decision has greatly attested Penang as a sustainable location for investment. I believe that our robust industrial ecosystem, strong talent pool, conducive business environment as well as the region’s growth opportunities are among the key factors for Elna PCB to deepen its roots here,” said the Chief Minister.

“With PCB and substrate being a promoting subsector in Penang, I am confident that the expansion of Elna PCB will further enhance the local talent’s capabilities in advanced PCB technology solutions and create greater opportunities for our local suppliers. The state government, via InvestPenang and other state agencies, will ensure smooth implementation of Elna PCB’s expansion in Penang. I look forward to establishing a strong relationship with Elna PCB in the years to come,” the Chief Minister added.

Commenting on Elna PCB’s significant milestone, Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation of the Malaysian Investment Development Authority (MIDA), said “We are honoured that Malaysia’s competitive traits are in tandem with PSA Group’s strategic approach in mitigating the impact of COVID and geopolitical disruption. At MIDA, our focus is on attracting high-quality investments that have tangible spillover effects on Malaysia, in line with our National Investment Aspirations (NIA) and New Investment Policy (NIP). Our aim is to create high-skilled job opportunities and develop our local supply chain capabilities to meet the evolving requirements of our core economic sectors while encouraging innovation in emerging ones.”

“We are optimistic that Elna PCB’s latest reinvestment will enhance the transfer of technology and knowledge, as well as foster more local supply chain partnerships, leading to an even stronger industry ecosystem in Malaysia,” he added.

“Elna PCB is optimistic that, upon completion of this project, we will be able to achieve a 5-fold business growth from our current business size. We chose Penang as our present and future home, as Penang’s competitive edge lies in its skilled workforce, robust market and supply chain. Our local suppliers have been very supportive and we wish to strengthen our ties with them by enabling more localisation activities. In addition, Penang’s top-notch infrastructure and the strong government support are also the key reasons for us to invest in Penang,” said Mr. Ian Yang, the President of Elna PCB.

Established in 1994, Elna PCB has become part of the PSA Group in Taiwan, following a joint venture between PSA Group and Japan-based Elna Printed Circuit in 2018. PSA Group, short for Passive System Alliance, belongs to Walsin Lihua Group, an international conglomerate headquartered in Taiwan with operations spanning wire and cable, stainless steel and renewable energy. Having more than 50 production bases globally, including Taiwan, China, Japan and Malaysia, PSA Group’s business entities focus on PCBs, passive components, electronic manufacturing services and assembly.

Also presented at the groundbreaking ceremony included YB Dato Law Choo Kiang, Speaker of the Penang State Legislative Assembly, YB Yeoh Soon Hin, Penang State Exco in Tourism and Creative Economy, Dato’ Loo Lee Lian, CEO of InvestPenang and Mr. Davis Lai, President of PSA PCB Business Group.

END

About MIDA
MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn, TikTok and YouTube channel.

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the state through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs) and Penang CAT Center (for talent attraction and retention). For more information, please visit https://investpenang.gov.my/. Do follow us on InvestPenang’s social media channels: Facebook ; LinkedIn

About Elna PCB
ELNA PCB is a member of Passive System Alliance (PSA), one of the global leading groups for PCB and electronic component products. ELNA, being the Japanese arm within the PSA group, has been dedicating its products and services in manufacturing high quality PCB with advanced technology PCB for Automotive, Communication, Industrial and medical markets for years, and is now expending its product footprints to Server, high speed networking product applications. For further information, please visit https://epc.elnapcb.com

For media inquiries, please contact:
MIDA

Ms. Noor Suziyanti Saad
Director of Electrical and Electronics Division
Email: [email protected]
Tel.: 03 – 2267 3575

InvestPenang
Ms. Yeoh Bit Kun / Ms. Ooi Phei Wen
[email protected] / [email protected]

Elna PCB
Mr. Jeffrey Hsieh
Sales Director, Head of HR and Administration
E: [email protected]
T: +604-397 3934

Elna PCB Deepens Root In Penang With RM1 Billion Expansion Plan


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It’s a significant step forward for Malaysia’s efforts in promoting the adoption of electric vehicles and showcasing the country’s capabilities in the EV industry.

KUALA LUMPUR, 14 February 2023 – The Malaysian Investment Development Authority (MIDA) and the Malaysia Automotive, Robotics and IoT Institute (MARii) have joined forces to organise the first national level Electric Vehicle (EV) Conference 2023 at MIDA headquarters today. With the theme “Gearing Up for EV Revolution: The Malaysia Story,” it is clear that the event highlighted Malaysia’s plans and progress towards a more sustainable and environmentally-friendly future. The collaboration between MIDA and MARii also highlights the government’s commitment to driving the EV industry forward and supporting the development of related technologies.

The strong turnout of over 300 attendees, both physically and virtually, suggests that there was a high level of interest in the EV industry and its potential impact on the country’s economy and environment.

Officially inaugurated by YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of International Trade and Industry (MITI), the conference was also attended by YB Nik Nazmi Bin Nik Ahmad, the Minister of Natural Resources, Environment and Climate Change (NRECC); YB Liew Chin Tong, Deputy Minister of MITI; Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA; Datuk Phang Ah Tong, Chairman of MARii; and Dato’ Ahmad Suhaimi Bin Endut, Undersecretary, Public Asset Management Division, Ministry of Finance Malaysia (MOF).

Officiating the conference, the Minister of MITI, YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, said, “EVs are the intuitive solution for low carbon mobility and zero-emission vehicles, and the nascent global EV industry provides significant room for growth, particularly in ASEAN which has the potential to be both a manufacturing hub and market for EVs. Malaysia, as one of the leading electrical and electronics (E&E) manufacturing hubs in ASEAN, is already taking steps to strengthen her position by crafting supportive policy measures, leveraging on its existing EV ecosystem and ensuring a solid talent pipeline. All these bode well for investors looking to develop a viable and sustainable EV industry in Malaysia, while helping Malaysia achieve her net zero greenhouse gas emissions by 2050.”

YB Nik Nazmi Bin Nik Ahmad, the Minister of NRECC in response to the announcement said, “NRECC has taken into account the importance of balancing energy demand and reducing carbon emissions, and this includes the development of EVs and its ecosystems in Malaysia. The country aims to install 10,000 EV charging points by 2025 through the Low Carbon Mobility Blueprint, with up to 900 charging points at present. NRECC is also committed to increasing electricity generation from Renewable Energy sources (Renewable Energy) through the Electricity Supply Generation Development Plan 2021-2039 while strengthening the grid and developing the Electric Vehicle (EV) ecosystem.”

Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed, “We are optimistic that electric vehicles will increase in popularity and become more widespread, particularly with the growing demand for environmentally friendly transportation in the ASEAN region. Through proactive initiatives, MIDA is poised to position Malaysia as a prominent global value chain player and the preferred technology partner for electric vehicles, in line with the National Investment Aspirations (NIA) and the New Investment Policy (NIP), towards achieving low carbon mobility.”

“In this regard, I urge the industry players to take the initiative and increase the involvement of local companies in high-value-added activities in both the domestic and global supply chains. By working together, we have the potential to create positive economic spill overs, such as transferring technology, providing high impact jobs, offering investment opportunity, and increasing exports, all in line with our NIP,” he added.

Datuk Phang Ah Tong, Chairman of MARii, commented, “Today’s event is especially significant, on steering the growth of the EV industry in Malaysia and staying relevant to the global shift towards electrification, as the world is moving towards carbon emission reduction and producing cleaner air for the benefit of our beloved Malaysia, the planet and the future generation.”

Malaysia has pledged to become a nation with net-zero greenhouse gas emissions by 2050, as outlined in the 12MP. The government is also committed to driving the efforts of attracting investments in EVs and achieving the national target of 15 per cent of the total industry volume for EVs and hybrids by the year 2030. Currently, Malaysia has recorded more than 15,000 units of xEVs (plug-in hybrid, hybrid and full battery electric vehicles) on the road in 2022.

The conference covered a range of important topics related to the development of electric vehicles (EVs) in Malaysia. The first panel discussion was on Market Competitiveness in the EV industry and included prominent players such as, Volvo, Samsung, Proton and Eclimo.

The second panel discussion delved into the Emerging Infrastructural Challenges facing the widespread adoption of EVs. With a diverse group of participants from the public and private sectors, including government agencies and energy companies namely Suruhanjaya Tenaga Malaysia (ST), Malaysian Green Technology and Climate Change Corporation (MGTC), Tenaga Nasional Berhad (TNB) and Gentari, a clean energy solutions company wholly-owned by Petronas, the Conference provided a comprehensive overview of the current state of the EV industry in Malaysia and addressed the key challenges and opportunities facing its growth.

The business clinic session attended by over 30 companies, was a valuable addition as it allowed participants to network and engage with experts in the field, namely MIDA, MARii, Energy Commission and Tenaga Nasional Berhad, which will potentially lead to new partnerships and collaborations.

Overall, the conference was a positive step towards promoting the adoption of EVs in Malaysia and creating a sustainable future for the country.

*****

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be a strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, Tik Tok and YouTube channels.

About MARii

Malaysia Automotive, Robotics & IoT Institute (MARii), is an agency under the Ministry of International Trade and Industry (MITI). Serving as the focal point, coordination centre and think tank for the nation’s automotive industry, it functions to enhance technology, human capital, supply chain, market outreach and aftersales capabilities of all automotive stakeholders and ecosystems. MARii serves to spur the development of smart systems through the implementation of digital technologies with a special focus on big data analytics and artificial intelligence, including automotive and connected mobility ecosystem.

For media enquiries, please contact:

MIDA
Mr. Nazuki Abdullah
Director, Transportation Technology Division
Phone : +603 2267 6688
Email: [email protected]

MARii
Mrs. Norazrinawati Kamaruddin
Sr. Manager, Corporate Services Division
Phone: 017-9326907
Email: [email protected]

The Inaugural Electric Vehicle (EV) Conference In Malaysia Themed Gearing Up For EV Revolution: The Malaysia Story Is A Success


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