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Doubles HDI Manufacturing Capacity by Establishing Second Facility in Batu Kawan
Batu Kawan, Penang, Malaysia, 30 April, 2025 – Sustio Sdn, Bhd. (Sustio) inaugurated its second operations facility in Batu Kawan, Penang.
Sustio was established in Penang in May 2022 as a premier manufacturer and supplier of PCBs (printed circuit boards) and substrates for the semiconductor industry. Building on SIMMTECH’s legacy of innovation – with manufacturing facilities in Korea, China, and Japan – Sustio is dedicated to advancing technological excellence while fostering economic growth in local communities.
Since its inception in Batu Kawan three years ago, Sustio has invested approximately RM750 million to develop Southeast Asia’s first advanced manufacturing facility of its kind. This strategic expansion has generated 1,400 high-value jobs, strengthening Malaysia’s role in the global semiconductor supply chain.
Looking ahead, Sustio is poised for further growth with plans tailored for AI-driven applications. The SIMMTECH Group has designs on Sustio Building 3 at its current site and has secured an additional 10 acres of land for Sustio Building 4, signalling a long-term commitment to innovation and expansion in the region.
YAB Tuan Chow Kon Yeow, Chief Minister of Penang stated, “The SIMMTECH Group’s long-term commitment—evidenced by plans for Sustio Building 3 and an additional 10-acre site for Building 4—signals a bright future for Batu Kawan as a site for advanced electronics manufacturing. .” He added, “As Penang continues to strengthen its position as the ‘Silicon Valley of the East,’ the State Government remains committed to enhancing infrastructure that supports and complements investor needs.”
In her speech, Mrs. Zalina Zainol, Deputy Chief Executive Officer (Investment Development) of Malaysian Investment Development Authority (MIDA), congratulated the company, affirming, “Sustio’s bold expansion reflects exactly the kind of forward-thinking ambition we are proud to support in Malaysia. By aligning its strategies with next-generation technologies, especially AI-driven innovations, Sustio is not just growing its business; it is helping to energise and elevate our entire semiconductor ecosystem.
“At MIDA, we believe success is about creating real opportunities for local companies, particularly through vendor development programmes in key areas like automation, raw materials, and quality control. Whether from our headquarters or right here on the ground in Penang, MIDA stands ready to support Sustio — not just today, but every step of the way, as we build a brighter, more innovative future together”, she further added.
“Our investments in Malaysia reflect our confidence in the country’s talent, infrastructure, and strategic position in the semiconductor industry,” said Mr. Jeffery Chun, CEO of SIMMTECH Co. Ltd. “With Sustio’s cutting-edge capabilities, we are not only supporting global technology demands but also empowering local economic development.”
The ribbon cutting ceremony was graced by the presence of the Chief Minister of Penang State, Chow Kon Yeow, together with many other distinguished guests from MIDA, Invest Penang, Penang Development Corp, Ambassador of Malaysia to Korea, Ambassador of Korea to Malaysia, and numerous key customer representatives, including Micron and SanDisk.
– END –
About MIDA
The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI). MIDA oversees and drives investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA operates through 12 regional and 21 overseas offices, serving as a strategic partner to businesses in leveraging opportunities from the ongoing technological revolution. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.
About InvestPenang
InvestPenang is the Penang State Government’s principal agency for the 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 Global Business Services (GBS) Focus Group (promoting and developing digital economy) and Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok.
About SIMMTECH
SIMMTECH is a global leader in the manufacture of high-performance semiconductor package substrates and printed circuit boards (PCBs), serving the world’s top memory and logic chipmakers. Since its founding in 1987, SIMMTECH has continuously advanced semiconductor packaging technologies—from pioneering the mass production of module PCBs in the 1990s to becoming the first Korean company to supply package substrates for DRAM and NAND flash.
Headquartered in Cheongju, South Korea, Simmtech operates advanced manufacturing and R&D facilities in Xi’an (China), Chino (Japan), and Penang (Malaysia), strategically positioned to support customers across the global semiconductor value chain. With a strong commitment to innovation, reliability, and long-term partnerships, Simmtech continues to enable next-generation technologies worldwide.
For more information, please contact:
MIDA
Mr. Mohd Mazlan Mokhtar
Director, Electrical & Electronics Division, MIDA
Email: [email protected] | DL: +603-2267 6655
InvestPenang
Elaine Cheah / Arief Ferdaus
Communications & Business Intelligence
E: [email protected] / [email protected]
T: +604-646 8833
SIMMTECH / Sustio
Ben Lee
Finance Group Head
E: [email protected]
T: +6012-247-1921
Sustio, a SIMMTECH Group Company, Completes Its RM326 Million Phase 2 Expansion
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Strategic Partnership Launches Innovative Fund to Strengthen Domestic Semiconductor Ecosystem and Drive Sustainable Growth
Kuala Lumpur, 28 April 2025 – The Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturing (FMM), and Bintang Capital Partners (Bintang Capital) have joined forces through a landmark Memorandum of Understanding (MoU) signed on 16 April 2025. This strategic alliance introduces the Bintang Semiconductor Impact Fund I (BSIF I), designed to revolutionise Malaysia’s semiconductor industry while promoting sustainable practices and social impact.
At the heart of this collaboration is the Bintang Semiconductor Impact Fund I (“BSIF I” or “the Fund”), a fund aimed at future-proofing Malaysia’s semiconductor industry by addressing both social and environmental opportunities within the sector.
MIDA CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised the importance of the collaboration, stating, “This transformative partnership marks a pivotal moment in Malaysia’s semiconductor journey. By combining MIDA’s strategic oversight, FMM’s extensive industry network, and Bintang Capital’s financial expertise, we’re creating a powerful ecosystem that will elevate local companies to global standards. Our focus is to develop world-class capabilities, attract premium investments, and establish Malaysia as a trusted global semiconductor hub. This collaboration provides the perfect platform to nurture innovation, drive sustainable practices, and create lasting economic impact for our nation.”
FMM President Tan Sri Soh Thian Lai added, “As the voice of the manufacturing sector, FMM is pleased to support this initiative, which will enable local businesses to enhance their capabilities, tap into funding opportunities, and adopt best practices in governance and sustainability, at the same time, aligning with FMM’s ambitious aspiration to cultivate 100 IPO-ready companies within five years. Helping companies become IPO-ready and granting them access to financing are crucial steps in enabling their growth. FMM is dedicated to assisting SMEs in their journey to expand and thrive. By supporting these promising enterprises, FMM aims to strengthen Malaysia’s manufacturing landscape, driving innovation and competitiveness across the region.”
The partnership aligns perfectly with Malaysia’s National Semiconductor Strategy (NSS) goals, focusing on developing local semiconductor capabilities and supporting SME growth. Through BSIF I, the collaboration aims to strengthen the domestic semiconductor value chain while preparing companies for potential initial public offerings.
Bintang Capital CEO Johan Rozali-Wathooth remarked, “As the saying goes, It takes a village to raise a child – the collaboration between Bintang Capital, MIDA and FMM brings together three critical elements needed to ‘raise’ a vibrant and sustainable high technology manufacturing industry. The collaboration combines Bintang Capital’s investment and impact track record, MIDA’s deep policy expertise, and FMM’s extensive networks within Malaysia’s manufacturing sector. On the impact front, Bintang Capital is a passionate advocate for building companies which represent the very best ideals of responsible capitalism: companies which meet the highest standards of governance and ethicality as represented by B Corp Certification, that also promote and support the empowerment of women, and who also champion environmental sustainability. Our success will put Malaysia on the global map in terms of having a highly differentiated and impactful high-technology manufacturing ecosystem.”
BSIF I will target investments in companies within and adjacent to the semiconductor value chain, including high-tech manufacturing and automation. The fund emphasises carbon transition initiatives and promotes career development opportunities for women, while adhering to global B Corp certification standards.
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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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.
About FMM
The Federation of Malaysian Manufacturing (FMM) (formerly known as Federation of Malaysian Manufacturers) has been the voice of the Malaysian manufacturing sector since 1968, advocating policies and initiatives that drive industrial growth, competitiveness, and workforce development. Representing over 13,000 member companies (4,100 direct and 8,900 indirect) from the manufacturing supply chain, FMM is actively engaged with government and its key agencies at Federal, State and local levels. FMM is also well-linked with international organisations, Malaysian businesses and civil society. Apart from benefitting from FMM’s advocacy, FMM members enjoy value-added services including training, business networking and trade opportunities as well as regular information updates.
About Bintang
Founded in 2018, Bintang is a leading impact investment firm headquartered in Kuala Lumpur, Malaysia. Anchored on Bintang’s Triple-I Strategy of “Investing in Impact & Innovation”, the Firm backs visionary entrepreneurs who are aligned to Bintang’s twin core investment philosophies of Innovation and Impact.
Bintang’s efforts within the Impact Investing space have met with widespread regional and global acclaim: in October 2024, the Firm achieved a landmark milestone as the first Southeast Asian firm to win at the 2024 United Nations-supported Principles for Responsible Investment (“UN PRI”) Awards and the first Asian firm to win the Private Markets prize. More recently, Bintang was also awarded the prestigious 2024 National UN Women’s Empowerment Principles (“UN WEPs”) Innovative Financing Award for promoting gender diversity and inclusivity.
In 2023, the Firm won the Innovative Investment prize at the ASEAN Business Advisory Council 2023 awards and was also named Global SME of the Year at the Environmental Finance Sustainable Company 2023 awards. Bintang has also been recognised as a Top Impact Company by Real Leaders Magazine in January 2024.
On 21 May 2023, Bintang became a certified B Corporation, the first private investment firm in Southeast Asia to receive this certification. As part of the Firm’s ambition to promote responsible capitalism, Bintang aspires to build 150 B Corp certified portfolio companies by the year 2050.
Bintang was amongst the earliest Malaysian private sector signatories to the UN PRI and is also the first (and presently only) Malaysian signatory to the Operating Principles for Impact Management (“the Impact Principles”), an initiative hosted by the Global Impact Investing Network (“GIIN”).
The Firm’s maiden fund, BCP Asia Fund I (“BCPAF I”) is anchored by Jelawang Capital, a catalytic fund of funds programme under Khazanah Nasional Berhad, the Malaysian state sovereign wealth fund.
BCPAF I invests in highly impactful, high performance innovative companies who are committed towards B Corp certification as well as decarbonisation and women’s empowerment.
Recent investments made by Bintang include Blue Planet, a waste management and landfill management solutions provider; Involve Asia, a B Corp certified technology company that operates a performance-based marketing platform; and Care Concierge, a B Corp certified multi-award-winning provider of elderly care solutions.
Bintang’s shareholders comprise leading independent Malaysian asset management group, AHAM Asset Management Berhad and the Malaysian Armed Forces Fund Board (Lembaga Tabung Angkatan Tentera, or LTAT) as well as leading global alternative asset investment manager CVC Capital Partners as well as leading independent Japanese asset management house Nikko Asset Management.
In March 2024, Bintang launched its sequel impact funds, BCP Asia Fund II (a sector-agnostic B Corp propagator fund) as well as Bintang Semiconductor Impact Fund I (a semiconductor-ecosystem focused B Corp propagator fund) – collectively referred to as “Sequel Funds” – both of which aim to encourage adoption of the B Corp model and to collect a comprehensive dataset covering a range of impact metrices across environmental, social, and governance pillars.
Bintang’s Sequel Funds have also recently earned a Gold Rating from BlueMark’s Fund ID programme, an independent benchmark for evaluating fund-level impact performance which recognised Bintang’s funds’ comprehensive impact strategy, governance, and management practices.
Further information about Bintang is available at www.bintangcapitalpartners.com.
For Media Inquiries, please contact:
MIDA
Pn. Fatmah Ahmad
Director
Corporate Communications Division
[email protected]
FMM
Han Mong Ying
Senior Manager, Corporate Affairs
Tel: 03-6286 7200
Email: [email protected]
Bintang
Justin Seow
[email protected]
+6019 228 6618
Lee Sheung Un
[email protected]
+6017 296 3781
Charlene Lionel
[email protected]
+6013 778 2483
MIDA, FMM, and Bintang Capital Unite to Transform Malaysia’s Semiconductor Industry
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RM1 Billion Expansion Underscores Malaysia’s Strategic Role in the Global Semiconductor Value Chain
KEDAH, 23 April 2025 – Ferrotec Holdings Corporation marked a major milestone yesterday with the groundbreaking of its second high-tech manufacturing facility at Kulim, Kedah, with an investment of RM1 billion (USD226 million). This reinforces its long-term commitment to Malaysia and its growing role in the global semiconductor industry. Set for completion within a year, the second facility will strengthen Ferrotec’s Southeast Asian footprint, enabling faster delivery, enhanced customer service, and greater innovation for global markets across Asia, Europe, and the Americas, bringing the company’s total Malaysian investment to RM1.9 billion.
The ceremony was graced by distinguished guests including Mr. Noor Ikhsan Bin Abdul Aziz (COO, Invest Kedah), Mr. Mohd Rushdan Mohd Ghazali (Director, MIDA Kedah), Ar. Haji Mohd Nazri Bin Harun (MPKK), Mr. Bao You Wei (President of Ferrotec HangZhou), Mr. He Xian Han (Group CEO & President, Ferrotec Holdings Corporation), Mr. Takeru Yamamura (CEO, Ferrotec Manufacturing Malaysia), and Mr. Anzhi He (Managing Director, Ferrotec Manufacturing Malaysia).
The new Kulim Factory #2 will span nearly 1 million square feet across 20 acres and feature over 700 CNC machines, smart production lines, IoT-enabled systems, and predictive maintenance capabilities – embodying Industry 4.0 principles. It is expected to create over 1,000 high-value jobs, enhancing Ferrotec’s precision manufacturing capacity for semiconductor components.
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, congratulated Ferrotec on this significant milestone, stating “Ferrotec’s continued expansion in Malaysia underscores the country’s position as a premier destination for high-tech investments in the semiconductor industry. This commitment not only reflects investor confidence in our policies, infrastructure, and talent—but also reinforces our ambition to become a regional leader in advanced manufacturing. MIDA is proud to support Ferrotec’s journey as it strengthens the global semiconductor value chain from the heart of Kedah. We look forward to even greater collaboration as Malaysia advances its New Industrial Master Plan 2030 and fosters innovation-driven, sustainable growth.”
“The groundbreaking of our second plant in Kulim is not only an important milestone in the history of Ferrotec, but also a true reflection of our deep cooperation on building the semiconductor industry chain. The success of our first facility has proven the validity of Ferrotec’s strategy of “rooting in Malaysia and serving the global market.” It has strengthened our confidence to deepen cooperation and expand investment, setting a benchmark for Ferrotec’s ventures in Malaysia. The strong support from the Malaysian government, Kedah state, and MIDA has given us the confidence to expand our presence here and further integrate into Malaysia’s vibrant semiconductor ecosystem. With our second facility, we aim to better serve our global customers with high-quality, innovative components and to contribute to the creation of a collaborative, resilient, and forward-looking semiconductor value chain in Malaysia and beyond.” said Mr. He Xian Han, Group CEO & President.
Speaking at the event, Mr. Anzhi He, MD of Ferrotec Manufacturing Malaysia, said: “Kulim Plant #2 is not merely an expansion – it is a statement of confidence in Malaysia’s thriving semiconductor ecosystem. This plant is not just bigger—it is smarter. Powered by Industry 4.0 technologies, it embodies Ferrotec’s vision for a modern factory where machines learn, adapt, and collaborate with human ingenuity.” He added, “Together with the support of MIDA, KTPC, and the Kedah State Government, we are not just building factories – we are shaping the future of AI and the fast-growing digital economy, powered by Malaysian talent and Ferrotec’s 45 years of engineering excellence.”
This expansion aligns with Malaysia’s New Industrial Master Plan 2030 (NIMP) and Kedah’s E10 initiative, both of which aim to position the country as a regional hub for advanced manufacturing and digital transformation. Ferrotec remains guided by its core values of Diligence, Aspiration, Exploration, and Innovation, driving sustainable growth and deeper collaboration in Malaysia and beyond.
**The End**
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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube.
About Ferrotec
Founded in 1980, on a technology core of Ferrofluid magnetic liquid and Ferrofluidic® sealing products, Ferrotec Holdings Corporation (6890 TSE Standard) is a worldwide leader in the supply of materials, components, and precision system solutions for industrial businesses. Ferrotec is a diversified world-class industrial organization with a global presence in a broad array of technology driven end markets (semiconductors, automotive, biomedical applications, smart phones, LEDs and FPDs). More information about Ferrotec’s products can be found at:
https://www.ferrotec.com/
https://ferrotec.my/
For more information, please contact:
MIDA
Ms. Zakiah Sajidan
Director, Machinery and Metal Division
DL: +603-22676769
Email: [email protected]
Ferrotec
Ms. Tan Ai Leng
Associate Director of Ferrotec Manufacturing Malaysia Sdn Bhd
T: 04-202 4000
E: [email protected]
Ferrotec Breaks Ground on Its Second High-Technology Manufacturing Facility in Kulim, Kedah
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SELANGOR, 22 April 2025 – Global paper manufacturer Jingxing Holdings (M) Sdn. Bhd. a wholly-owned subsidiary of Zhejiang Jingxing Paper Joint Stock Co., Ltd., today launched Phase 2 of its Malaysian expansion with a RM1.9 billion investment in Banting, Selangor. The project will add 600,000 metric tonnes of annual Kraft Liner production capacity, bringing the company’s total Malaysian investment to RM3 billion.
The Piling Ceremony was attended by various distinguished guests, including H.E. Mr. Sun Shuqiang, Minister Counsellor of the Economic and Commercial Office of Embassy of the People’s Republic of China in Malaysia, Y.B. Tuan Ng Sze Han, Executive Councillor for Investment, Trade and Mobility of the Selangor State Government; Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (Investment Promotion and Facilitation) of the Malaysian Investment Development Authority (MIDA); YBrs. Tuan Mohd Hasry bin Nor Mohd, S.M.S., Yang DiPertua, Majlis Perbandaran Kuala Langat and Mr. Wang Zhiming, Deputy Chairman of Jingxing Malaysia.
The expansion includes highly advanced manufacturing lines supported by integrated thermal power, water treatment, and wastewater management facilities. The plant’s integrated automation systems will create 500 new jobs and generate annual local operating expenditure exceeding RM45 million.
Y.B. Tuan Ng Sze Han, Executive Councillor for Investment, Trade and Mobility of the Selangor State Government congratulated Jingxing on the expansion.”This significant investment underscores Malaysia, particularly Selangor, as a critical player within the global supply chain. Jingxing’s Phase 2 expansion directly supports our goals in job creation and local talent development, reinforcing Selangor’s attractiveness as a premier investment destination. Amidst escalating global trade tensions and shifting supply chain dynamics, Selangor has emerged as a key beneficiary, attracting substantial foreign investments and driving new economic opportunities,” Ng said.
Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (Investment Promotion and Facilitation), MIDA, “Jingxing’s additional RM1.9 billion investment reflects a clear alignment with Malaysia’s industrial priorities—particularly in advancing sustainable manufacturing practices. This facility stands out not just for its production capacity, but for the depth of its environmental engineering—from closed-loop water treatment systems to energy recovery through cogeneration. Malaysia offers a stable, rules-based investment environment, and we are seeing that long-term commitment from strategic investors like Jingxing. MIDA’s role has been to ensure clarity, coordination, and speed in execution.”
Mr. Wang Zhiming, the Director and Deputy Chairman of Jingxing Malaysia expressed “The expansion of Jingxing Malaysia’s Phase 2 Project marks a significant milestone in our global growth. Malaysia’s strategic location and strong support from the Malaysian Government and the Selangor State Government strengthen our decision to continue this win-win collaboration. The new plant when completed, will further enhance our product range and quality. We are emphasizing on service efficiency, local employment and supply chain opportunities. We look forward to drive technological innovation and foster long-term partnerships and growth in the paper industry; while continuing to meet the expectations of our customers for sustainably driven products.”
The expansion strengthens Malaysia’s export capabilities, with 70% of production targeted for international markets. The facility’s advanced infrastructure and automated processes will optimize manufacturing operations and product quality. This investment adds to Malaysia’s growing paper manufacturing sector, which attracted RM877.9 million in investments throughout 2024, with foreign investments contributing RM578.4 million. This represents a broader trend of international manufacturers choosing Malaysia as their strategic production hub in Southeast Asia.
**The End**
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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube.
About Jingxing Holdings (M) Sdn. Bhd.
Jingxing Holdings (M) Sdn. Bhd. is a wholly owned subsidiary of Zhejiang Jingxing Paper Joint Stock Co., Ltd. The company operates integrated and modern manufacturing activities including thermal power plants and water treatment plants with annual production capacity of 1.4 million metric tons of industrial packaging papers. Jingxing Holdings (M) Sdn. Bhd. is committed to produce high-quality products to fulfil the packaging needs and requirements of its customers with efficient service and at competitive cost. For more information, please visit https://www.zjjxjt.com/ and follow us on Facebook and LinkedIn.
For more information, please contact:
MIDA
Ms. Manjit Kaur Balkar Singh
Director, Food Technology and Resource Based Industries Division
DL: +603-22673509
Email: [email protected]
JINGXING HOLDINGS (M) SDN. BHD.
Teng Kim Chuan
Director
Tel: +65 91647656
Email: [email protected]
Jingxing Group Commits RM1.9 Billion for Malaysian Expansion
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Kuala Lumpur, Malaysia and Osaka, Japan, 17 April 2025 – A groundbreaking renewable energy partnership was announced yesterday at Expo 2025 Osaka, marking a significant milestone in Malaysia’s green energy sector. Solarvest Holdings Berhad (“Solarvest”) and HSS Engineering Sdn. Bhd. (“HSS”), alongside their Japanese partner, Shizen Malaysia Sdn. Bhd. (“Shizen”), are proud to announce a 29.99 MWac solar project under SM01 Sdn. Bhd. (“SM01”). The project, to be developed in Gurun, Kedah, represents a RM142 million investment and is expected to reduce carbon emissions by over 1.1 million metric tonnes of CO₂ throughout its lifetime.
The Malaysian Investment Development Authority (MIDA) facilitated this landmark project under the Government’s Green Investment initiative, demonstrating Malaysia’s commitment to fostering international collaboration in sustainable energy development. The project stands as a testament to the country’s growing reputation as a regional hub for green technology and sustainable investments.
The event was graced by the presence of Datuk Bahria Mohd Tamil, Deputy Secretary General (Management and Investment) of MITI and Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer of Investment Promotion and Facilitation of MIDA.
Under the Corporate Green Power Programme, SM01’s ownership structure reflects a balanced international partnership, with equal contributions from Shizen Malaysia Sdn. Bhd., Solarvest Asset Management Sdn. Bhd., and HSS Engineering Sdn. Bhd. The involvement of Shizen Malaysia, a subsidiary of Japan’s Shizen Energy Inc., brings valuable international expertise and technological knowledge to the Malaysian renewable energy landscape.
Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer of Investment Promotion and Facilitation, MIDA, shared his vision for the project, “This partnership exemplifies Malaysia’s commitment to sustainable development and our position as a prime destination for green investments in the region. The SM01 project aligns perfectly with our National Energy Transition Roadmap, demonstrating how international collaboration can accelerate our journey towards a low-carbon future. MIDA remains dedicated to facilitating such high-impact green initiatives that not only contribute to environmental sustainability but also drive economic growth and technological advancement in Malaysia’s renewable energy sector.”
Davis Chong Chun Shiong, Executive Director and Group Chief Executive Officer of Solarvest, said: “We are honoured to receive the approval from MIDA, which underscores the government’s confidence in our capabilities and commitment to clean energy. This incentive boosts the financial sustainability of the SM01 project and demonstrates the value of international collaboration, particularly with our esteemed Japanese partner, Shizen. As we accelerate our involvement as a renewable energy infrastructure developer, we remain focused on delivering impactful, reliable, and commercially viable clean energy projects in Malaysia by leveraging international partnerships and innovation-driven solutions.”
Reza Ikram, Chief Executive Officer of Shizen Malaysia Sdn. Bhd. said: “Malaysia’s stable economic environment and supportive government policies create a conducive landscape for renewable energy investments. The incentive is an enabler that enhances investor confidence by improving return potential. Our collaboration with renowned Malaysian local partners such as Solarvest and HSS further reinforces our trust in Malaysia’s green investment ecosystem. As a Japanese renewable energy developer and investor, our focus is on delivering affordable and reliable clean energy to corporate offtakers by financing large-scale clean energy projects. We are proud to partner with Solarvest and HSS in advancing sustainable energy solutions that support the environmental ambitions of both Malaysia and Japan. This collaboration represents a meaningful step forward in strengthening Japan–Malaysia cooperation in renewable energy through strategic international partnerships.”
Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman cum Acting Group Chief Executive Officer of HSS Engineers Berhad, said: “We are proud to be part of the project driving Malaysia’s key clean energy initiative. We welcome the government’s support in the form of the incentive, which enhances the financial viability of the SM01 project. As an engineering and project management partner, HSS is committed to advancing high-impact infrastructure that supports Malaysia’s sustainable development agenda. We look forward to continuing our collaboration with Solarvest and Shizen to deliver innovative and resilient renewable energy solutions for the future.”
Themed “Weaving a Future in Harmony”, the Malaysia Pavilion at Expo 2025 Osaka serves as a platform to showcase the country’s inclusive, innovative, and sustainable vision, while promoting its position as a regional hub and premier destination for trade and investment, especially in high-growth sectors such as sustainable green technology. This initiative reinforces the nation’s image as a competitive and future-ready investment destination on the global stage.
-END-
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 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 X, Instagram and Facebook, LinkedIn, TikTok and YouTube channel.
About Shizen Energy Group
Founded in June 2011, Shizen Energy Group is driven by the purpose, “We take action for the blue planet,” with this commitment fuels its drive to accelerate the global shift to renewable energy by harnessing solar, wind, and biomass power to create sustainable solutions that minimize environmental impact while fostering economic growth in local communities.
Since 2016, Shizen Energy has expanded its reach internationally, with projects in Southeast Asia and Brazil. In 2019, the company diversified into energy technology, introducing innovations such as micro-grids, virtual power plants (VPP), and smart EV charging services through its proprietary energy management system (EMS). With over 1 GW of renewable energy generated worldwide and recognition as the top startup by Forbes Japan in 2024, Shizen Energy continues to lead the industry.
The Shizen Energy Group remains dedicated to prioritizing environmental sustainability and the well-being of communities, ensuring the creation of thriving, resilient futures for all. For more information, log on to https://www.shizenenergy.net/en/.
About HSS Engineers Berhad
HSS Engineers Berhad (HEB Group or the Group) is an investment holding company incorporated on 23 January 2015 under the Companies Act, 1965 as a private limited company under the name of HSS Engineers Sdn. Bhd. before it was converted into a public limited company. The Company assumed its present name on 31 March 2015.
Through its subsidiaries and associates, the Group is principally involved in the provision of project management, engineering design, construction supervision, in addition to digital transformation services and recurring income.
The Group is supported by a workforce of approximately 1,000, of which more than half are professional engineers, and possesses longstanding experience in a wide array of sectors including urban infrastructure, transportation planning, roads and highways, railways and metro systems, water resources and supply, waste management, building and structures, power generation, and recently diversified into telecommunications and digital technology.
For more information, log on to www.hssgroup.com.my
About Solarvest Holdings Berhad
Solarvest is a clean energy expert with a multi-national presence across Asia-Pacific in 8 countries. The Malaysia-founded company started as a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms. Today, Solarvest has accumulated a renewable energy portfolio of over 2,000MW (on-going and completed). The company is currently venturing into other clean energy solutions including, among others, hydrogen, battery storage, data centre, energy efficiency, low-carbon mobility, and renewable energy certificates. Solarvest is listed on the Main Market of Bursa Malaysia. For more information, log on to https://solarvest.com.
For more media inquiries, please contact:
MIDA
Mr. Nelson Samuel
Director of Green Technology Division
Email: [email protected]
Tel.: +603-2267 3635
Solarvest
Jowin Lee Joo Yun
PR and Corporate Communication
Solarvest Holdings Berhad
Phone: +60 12 443 6088
Email: [email protected]
MIDA Facilitates Renewable Energy Collaboration by Solarvest, Shizen and HSS Under Corporate Green Power Programme at Expo 2025 Osaka
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Seremban Facility Marks Strategic Expansion in Southeast Asian Aerospace Manufacturing
SEREMBAN, 15 April 2025 – MY NAFCO PRECISION SDN. BHD. (“NAFCO”), a global leader in aerospace fasteners and precision machining components, today unveiled its advanced manufacturing facility in Seremban, Negeri Sembilan. The state-of-the-art facility represents a USD40 million investment commitment over the next decade. The initial 5.8-acre complex features 3,500 square meters of advanced manufacturing space. NAFCO has announced plans for a second facility spanning 19,000 square meters, scheduled for completion within two years.
The grand opening ceremony drew distinguished guests including YB Tuan Teo Kok Seong, Negeri Sembilan State Executive Councilor, key government officials including senior representatives from the Malaysian Investment Development Authority (MIDA). The event also welcomed NAFCO’s board of directors, executive leadership team, valued industry partners, strategic suppliers, and dedicated employees, marking a significant milestone in Malaysia’s aerospace manufacturing sector.
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, highlighted the strategic importance of the investment, “NAFCO’s establishment of this advanced manufacturing facility represents a transformative moment for Malaysia’s aerospace industry. This investment aligns perfectly with our New Industrial Master Plan 2030 and the Malaysia Aerospace Industry Blueprint 2030, positioning Malaysia as a premier destination for high-technology manufacturing. The facility will serve as a catalyst for job creation, technology transfer, and the development of our local aerospace ecosystem. NAFCO’s decision to choose Malaysia demonstrates our nation’s growing reputation as a trusted partner in global aerospace manufacturing.”
Speaking at the event, Mr. Alvin Lin, President of NAFCO Group, stated, “From Taiwan to the world, NAFCO Group is proud to witness this key milestone in our global expansion—the official launch of our Malaysia plant. Today’s inauguration signifies the beginning of a new era of smart manufacturing for NAFCO in Malaysia. This facility will serve as a foundation for our vision of sustainable and intelligent manufacturing, representing our commitment to fulfilling customer needs and our determination to contribute to the development of Malaysia’s aerospace technology ecosystem.”
NAFCO remains committed to delivering comprehensive, reliable one-stop solutions in aerospace fasteners and precision machining for global customers. This investment joins Malaysia’s growing aerospace sector with RM1.5 billion in approved investments for 2024. With this expansion, NAFCO pledges to provide a diverse range of high-quality products and services, further advancing innovation in the aerospace industry while supporting Malaysia’s vision to capture 5% of the global MRO market share by 2030.
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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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube.
About NAFCO Group (www.nafco.com.tw)
Founded in 1997, NAFCO Group, a Taiwan listed company, operates manufacturing facilities in Taoyuan (Taiwan), Suzhou (China), and Negeri Sembilan (Malaysia). The company is a certified supplier for major aerospace OEMs, holding NADCAP, AS9100 aerospace quality certification, and IATF 16949 automotive management system certification. NAFCO supplies aerospace fasteners and structural components to global aerospace engine manufacturers, including GE Aerospace, Safran group, Pratt &Whitney and Rolls-Royce.
In recent years, NAFCO has integrated Industry 4.0 technologies and smart factory automation solutions into its manufacturing operations. This includes the implementation of IoT-based anomaly detection, data analytics to optimize production processes, and the use of AIoT (Artificial Intelligence of Things) to enhance productivity and efficiency in its factories. Additionally, NAFCO has continuously advanced its manufacturing expertise, developing high-value precision machining capabilities for aerospace components and obtaining forging supplier certifications. To date, NAFCO has successfully certified over 6,000 aerospace products and has received multiple Best Supplier recognitions from leading aerospace and industrial manufacturers. NAFCO remains committed to being the most trusted partner in the aerospace fasteners and precision machining industry, delivering reliable one-stop solutions and innovative, high-quality products to the global aerospace market. For more details, visit https://www.nafco.com.tw/about-en/ and follow us on LinkedIn(https://www.linkedin.com/company/nafco-fasteners-and-machining-solution-provider/posts/?feedView=all).
For more information, please contact:
MIDA
Ms. Noor Suziyanti Binti Saad
Director
Transportation Technology Division
T: 03-2267 3575
E: [email protected]
NAFCO Group
Sales Team
📍A: No.1, Taiping East Road, Pingzhen District, Taoyuan City 324, Taiwan, R.O.C.
📧E: Sales: [email protected]
Website: https://www.nafco.com.tw/about-en/
Linkedin: https://www.linkedin.com/company/nafco-fasteners-and-machining-solution-provider/posts/?feedView=all
NAFCO Group Launches Cutting-Edge Aerospace Manufacturing Facility In Malaysia With USD40mil Investment
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Webinar on Government Facilitation For Companies Undertaking Automation And Digitalisation Initiatives in Malaysia, In collaboration with TXMR Sdn. Bhd.
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