New facility positions Malaysia as a key power infrastructure hub for AI data centres, semiconductors and high-performance computing across ASEAN

Penang, Taipei, 29 April 2026 – TECO Group continues to accelerate its expansion in the Southeast Asian market. Its subsidiary, TECOBAR, today marked a key milestone with the opening ceremony of its new armored busway manufacturing plant—TECOBAR SMARTPOWER SOLUTION SDN. BHD.—in Penang, Malaysia.

The opening ceremony was officiated by Chairman Morris Li. Distinguished guests in attendance included Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of MIDA Penang, Representative Ms. Lien Yu-Ping of the Taipei Economic and Cultural Office, and Ms. Huang Hui-Ling, President of the Penang Taiwanese Business Association, together with other key government and business leaders.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) said, “Malaysia remains a preferred investment destination in Southeast Asia, offering a robust and well-established industrial ecosystem and a future-ready workforce. The launch of TECOBAR’s smart manufacturing facility in Penang reflects the ambitions of the New Industrial Master Plan (NIMP) 2030, which aims to advance our economic complexity and integrate high growth high value (HGHV) sectors such as AI data centres, semiconductors, and green manufacturing.”

“Malaysia and Taiwan share a strong and growing industrial partnership, and Taiwanese companies have long been valued contributors to Malaysia’s manufacturing excellence. We continue to welcome Taiwanese industry leaders to leverage Malaysia’s strategic location, robust supply chain ecosystem, and skilled talent base to scale their global operations. MIDA remains fully committed to facilitating quality investments that create high-value jobs and strengthen Malaysia’s position in the global digital economy,” he added. 

Morris Li, Chairman of TECO stated, “Penang is a key hub for electronics and manufacturing in Southeast Asia. The establishment of this facility to produce high-quality power transmission systems will not only strengthen the capability of delivering local sourcing and local servicing to customers, but also further enhance TECO’s competitiveness in the global market. The inauguration of the new plant also signifies TECO’s integration of group resources and its successful entry into the power infrastructure supply chain for data centres, international cloud service providers, and manufacturing industries in Southeast Asia.”

Representative Lien Yu-Ping, Taipei Economic and Cultural Office in Malaysia highlighted, “The strong complementarity between Taiwan and Malaysia’s industries, noting that Taiwanese businesses have become key partners in Malaysia’s industrial upgrading and AI transformation. She expressed hope that the TECOBAR Penang plant will create new opportunities for mutual growth and cooperation.”

Huang Hui-Ling, President of the Penang Taiwanese Business Association, stated, “This investment will further unite Taiwanese businesses, promote industrial linkages and resource integration, inject new momentum into the development of Penang’s high-tech industries, and enhance regional competitiveness.”

RM46 Million Investment in Smart Manufacturing and Automation; Annual Capacity of 400,000 Meters

The new TECOBAR Penang plant is located within TECO’s Penang Industrial Park, covering 3.5 hectares (within a total park area of 13 hectares). With a total investment of approximately RM 46 million, the facility is designed to reach an annual production capacity of 400,000 meters of busway, positioning it as a key manufacturing hub for both ASEAN and global markets.

The plant focuses on the R&D and manufacturing of high-performance armoured busway systems, primarily applied in AI data centres and high-performance computing environments. Its products are certified to international standards, including IEC and UL. The facility adopts smart manufacturing and automation technologies to significantly enhance production efficiency and delivery flexibility. In line with net-zero trends, the plant also incorporates high-efficiency equipment, energy management systems, and green manufacturing processes to reduce carbon emissions and improve energy efficiency, reflecting TECO Group’s commitment to ESG and sustainable operations.

TECOBAR Integrates Taiwan–Malaysia Dual Bases to Capture AI-Driven Demand Growth

As demand for AI and cloud computing continues to surge, power infrastructure is undergoing rapid transformation. Traditional cable systems are increasingly limited, prompting a shift toward busway systems that offer high current capacity, modular design, and rapid deployment advantages. According to industry research, the global busway market has reached tens of billions of U.S. dollars and continues to grow, with Asia and Southeast Asia as key growth drivers.

Ta-Wen Lin, Chairman of TECOBAR stated “With the launch of the Penang plant, the company will integrate its two major manufacturing bases—cast-resin busway in Taiwan and armoured busway in Malaysia—to form a coordinated regional production network. This will strengthen TECO Group’s service capabilities in the ASEAN market. By leveraging local manufacturing and rapid delivery advantages, TECO aims to enhance its competitive position in key sectors such as data centres, semiconductors, and smart manufacturing, while providing efficient, reliable, and sustainable power solutions to capture new opportunities arising from energy transition and the digital economy.”

The opening of the TECOBAR Penang plant comes ahead of SEMICON Southeast Asia 2026, taking place from 5 to 7 May 2026 at MITEC Kuala Lumpur, where MIDA will host global semiconductor and advanced manufacturing leaders. Investments such as TECOBAR’s Penang facility highlight the depth of Malaysia’s industrial ecosystem and its readiness to capture new opportunities arising from the energy transition and the digital economy.

***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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About TECO

TECO Electric & Machinery Co., Ltd., founded in 1956, is a leading global industrial motor manufacturer. The company has evolved into a comprehensive energy solutions provider, with key businesses spanning modular data center MEP solutions, ESCO energy services, and EV powertrain systems. TECO is the market leader in Taiwan’s onshore substations for offshore wind (2.5 GW), has delivered over 860 MW of data center projects across Southeast Asia, and holds more than 85% of Taiwan’s e-bus powertrain market, with expansion into India. The company is committed to driving global electrification, intelligent solutions, and sustainable energy. For more information, please visit https://www.teco.com.tw/en-us/

About TECOBAR

TECOBAR specializes in the production of busway systems and power distribution units. It joined TECO Group in 2003 and established the global TECOBAR brand in 2012. Its products are widely applied in data centers, transportation infrastructure, power plants, and high-tech industries worldwide, with a market share of 41% in Taiwan. For more information, please visit: https://www.tecobar.com.tw/zh-tw

For media enquiries, please contact:

MIDA
Name: Mohd Mazlan Mokhtar
Designation: Director, Electrical & Electronics Division
Email: [email protected]
Phone: +603-2267 6655

TECO / TECOBAR
Corporate Communications
Name: Lily Chiang
Teco Electric & Machinery Co., Ltd.
Designation: Director, Brand Public Relations Department
Tel: 886-2-2655-3333 Ext. 3579
Mobile: 0932-325349
Email: [email protected]

Name: Lina Chen
Teco Electric & Machinery Co., Ltd.
Designation: Senior Specialist, Brand Public Relations Department
Tel: 886-2-2655-3333 Ext. 3213
Mobile: 0987-980-078
Email: [email protected]

TECO Group Deepens Southeast Asia Footprint with RM46 Million TECOBAR Smart Manufacturing Plant in Penang

Kuala Lumpur, 28 April 2026 – Tengku Datuk Seri Utama Zafrul Aziz, Chairman of the Malaysian Investment Development Authority (MIDA) and Senior Political Advisor to the Prime Minister, today participated in a fireside chat with the Japanese Ambassador to Malaysia, H.E. Noriyuki Shikata.

The session, held at MIDA headquarters in Kuala Lumpur Sentral, was attended by approximately 100 participants. This included key Malaysian government stakeholders from the Ministry of Investment, Trade and Industry (MITI), the Ministry of Finance (MOF), the Inland Revenue Board of Malaysia (LHDN), and MIDA, alongside prominent representatives from the Japanese business and financial community, notably key figures from the Japan External Trade Organization (JETRO), The Japanese Chamber of Trade &
Industry, Malaysia (JACTIM), MUFG Bank, Mizuho Bank, and leading Japanese manufacturers. The dialogue underscored the importance of long-standing bilateral cooperation between Malaysia and Japan. Both sides reaffirmed their shared commitment to deepening collaboration, particularly in navigating ongoing global challenges such as supply chain disruptions and broader economic uncertainties caused by the conflict in West Asia

Speaking on Malaysia’s strategic positioning, Tengku Zafrul said:

“Malaysia and Japan have long been reliable economic partners, built on decades of investment, trade and industrial cooperation. This strong foundation positions both countries well for the next phase of growth. In today’s highly volatile global environment, closer coordination and mutual support are essential to maintaining resilience and stability across our supply chains. Malaysia and MIDA, in particular, remain fully committed to providing policy clarity and efficient execution — the fundamentals that continue to underpin our long-term stability as an investment destination, providing Japanese businesses the confidence to establish or expand their footprint in Malaysia.”

H.E. Ambassador Noriyuki Shikata echoed this sentiment, emphasising that the current global environment requires closer cooperation on supply chain resilience and industrial modernisation:

“Malaysia has long been one of Japan’s most important economic partners in Southeast Asia. Our partnership is grounded in mutual trust and has been strengthened through decades of investment, trade, and industrial collaboration. In today’s increasingly uncertain global environment, closer cooperation between Japan and Malaysia is more important than ever. Prime Minister Takaichi’s Japanese new growth strategy, which places strong emphasis on economic security, energy security, and green transformation, is highly aligned with Malaysia’s own economic priorities, including its focus on resilient supply chains, sustainable industrial development, and the energy transition. Japan looks forward
to further deepening collaboration with Malaysia and MIDA to enhance supply chain resilience, promote high-quality and responsible investment, and create new opportunities for sustainable and inclusive growth.”

The dialogue focused on five strategic areas:

• Energy Security Cooperation: Alignment on renewable energy targets and sustainability initiatives between Malaysia’s National Energy Transition Roadmap and Japan’s Asia Zero Emission Community.
• Supply Chain Resilience: Opportunities for Malaysia and Japan to cooperate in building stronger, more diversified regional supply chains.
• Investment Opportunities: Potential growth sectors including green economy, digital economy, halal industry, semiconductors, aerospace, and rare earth industries.
• New Incentive Framework (NIF): A strategic shift in how Malaysia evaluates investment—moving beyond capital quantum alone to reward investment depth, R&D activity, sustainability performance, and economic complexity. This approach aligns well with Japanese companies known for precision, discipline, and long-term commitment.
• Industry Engagement: Guidance for multinational corporations and Japanese companies on leveraging Malaysia’s investment ecosystem and new policy frameworks.

Japan remains among Malaysia’s top foreign investors with a deep and enduring partnership spanning over five decades. As of 31 December 2025, Japanese investment in Malaysia totals RM142.9 billion across more than 3,800 projects, with close to half a million job opportunities created and over 2,800 projects successfully implemented. The partnership has been further strengthened through the Malaysia-Japan Comprehensive Strategic Partnership, with support from key institutions including JETRO, JACTIM, and
prominent financial institutions such as MUFG Bank, SMBC, and Mizuho Bank. Japanese companies including Daikin, Denso, Mitsui, Panasonic, Sharp Corporation, ROHM Semiconductor, Nippon Electric Glass, and Taiyo Yuden have not only invested but grown in Malaysia, upgrading industrial standards across the manufacturing ecosystem and building deep regional supply chain integration.

MIDA and the Embassy of Japan in Malaysia have agreed to explore enhanced collaboration frameworks to support Japanese businesses seeking to establish or expand operations in Malaysia. This collaboration will place a particular focus on economic security through supply chain resilience, green transformation in alignment with Malaysia’s National Energy Transition Roadmap and Japan’s Asia Zero Emission Community initiative, and high-value technology sectors including semiconductors, artificial intelligence, and advanced manufacturing. Looking ahead, Japanese investment is anticipated to deepen across manufacturing, semiconductors, digital transformation, and sustainability sectors in 2026.

The fireside chat was initiated by the Embassy of Japan in Malaysia and Jiji Press, a Japanese news agency, to strengthen Japan’s engagement with strategic partners and ensure that Malaysia remains a competitive and trusted investment partner in the region. This engagement builds on the Comprehensive Strategic Partnership agreed between Prime Minister Anwar Ibrahim and Prime Minister Sanae Takaichi of Japan.

From left to right: 

Puan Masni Muhammad, Senior Executive Director, Investment Policy Advocacy, MIDA ; Seiichi Oshima, Jiji Press, Ltd., Kuala Lumpur Bureau Chief;  YM Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, MIDA Chairman; H.E. Ambassador Noriyuki Shikata; Puan Zalina Zainol, Deputy CEO, Investment Promotion and Facilitation, MIDA.

-END-

Editors: This press release is issued jointly by MIDA, the Embassy of Japan in Malaysia, and Jiji Press. Please credit all three organisations in publication.

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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Jiji Press
Established in 1945, Jiji Press is a leading provider of Japanese language news services based in Tokyo. Its partners include print, broadcast and digital outlets as well as corporates within and outside Japan. Jiji Press also publishes Jiji News Bulletin daily in Malaysia covering the policy and business news in detail to assist readers make business decisions in investment, trade and compliance.

MEDIA CONTACT
Ms. Lim Ming Yee
Director, Foreign Investment Promotion Division
Tel : 03-2267 3762
E-mail: [email protected]

Mr. Seiichi Oshima
Kuala Lumpur Bureau Chief, Jiji Press
Tel : 019-358-3745
E-mail: [email protected]

Embassy of Japan in Malaysia
Economic section
Tel: 03-2177 2600
E-mail: [email protected]

REINFORCING MALAYSIA–JAPAN ECONOMIC PARTNERSHIP AMID GLOBAL UNCERTAINTY

SUNGAI PETANI, 27 APRIL 2026 – Lembaga Pembangunan Pelaburan Malaysia (MIDA) dan HLB Islamic hari ini menganjurkan Forum Usahawan bertemakan ‘Pengukuhan Usahawan Bumiputera Di Wilayah Utara: Perspektif Dasar Dan Trend Pasaran Semasa’. Program yang berlangsung di The Jerai Hotel Sungai Petani ini menghimpunkan kira-kira 250 usahawan IKS termasuk wakil syarikat Bumiputera dari Kedah, Pulau Pinang, Perak, dan Perlis.

Forum ini dirasmikan oleh YB Prof. Dr. Haim Hilman Abdullah, EXCO Industri & Pelaburan Negeri Kedah. Turut hadir ialah Ketua Pegawai Eksekutif HLB Islamic, Puan Dafinah Ahmed Hilmi, dan Pengarah Eksekutif Penggalakan Pelaburan MIDA, Encik Faizal Jalaludin.

Memperkukuh Ekosistem dan Akses Usahawan

Dengan pengisian yang menyeluruh, program ini menampilkan perkongsian praktikal dan inisiatif trategik daripada pelbagai agensi kerajaan dan institusi bagi menyokong pertumbuhan usahawan tempatan.

Antara fokus utama forum termasuk:

• Pembiayaan & Kelestarian: HLB Islamic mengetengahkan inisiatif BizDagang dan Greening Halal Business bagi membantu usahawan mengadaptasi model perniagaan hijau patuh Syariah.
• Akses Pasaran Global: MATRADE berkongsi strategi menembusi pasaran antarabangsa serta pengurusan perdagangan.
• Kestabilan Kewangan: Bank Negara Malaysia (BNM) menerangkan Rangka Kerja Transaksi Mata Wang Tempatan (LCTF), manakala Syarikat Jaminan Pembiayaan Perniagaan (SJPP) memperincikan Skim Jaminan Kerajaan (GGSM4) untuk meningkatkan akses kredit.
• Inisiatif & Insentif Baharu: MIDA menghuraikan Kerangka Insentif Baharu (NIF) dan Dana Pembangunan Perniagaan Negara Ketiga Malaysia-Singapura (MSBDF).
• Pematuhan Cukai: LHDNM berkongsi mengenai pelaksanaan e-Invois dalam operasi perniagaan semasa.

Kemuncak forum adalah sesi diskusi panel bertajuk “Memacu Juara Bumiputera: Akses dan Peluang Pembiayaan, Akses Pasaran, dan Rantaian Bekalan Global” yang menampilkan wakil daripada HLB Islamic, TERAJU, MARA, SME Corp. Malaysia dan VentureTECH bagi membincangkan strategi memperkukuh daya saing usahawan Bumiputera.

YB Prof Dr. Haim Hilman Abdullah, EXCO Industri & Pelaburan Negeri Kedah, berkata, “Kerajaan Negeri Kedah komited memperkukuh ekosistem keusahawanan Bumiputera di Wilayah Utara agar lebih berdaya tahan, kompetitif dan bersedia menembusi pasaran global. Penganjuran forum ini mencerminkan kerjasama erat antara Kerajaan Negeri, MIDA dan HLB Islamic dalam menyediakan akses yang lebih menyeluruh kepada pembiayaan, pasaran serta sokongan strategik kepada usahawan tempatan. Kami yakin, dengan sokongan berterusan, usahawan Bumiputera di negeri ini mampu menembusi rantaian bekalan serantau dan global, serta menyumbang kepada pertumbuhan ekonomi negeri Kedah, dan negara, secara keseluruhan.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Ketua Pegawai Eksekutif MIDA, berkata “Kekuatan ekonomi negara terletak pada syarikat tempatan yang berdaya tahan dan mampu bersaing. Melalui inisiatif seperti Enterprise Growth Platform (EGP), MIDA terus komited memperkasa usahawan tempatan dan menghubungkan mereka kepada ekosistem sokongan yang lebih kukuh. Ini termasuk memperluas
akses kepada pembiayaan, rantaian bekalan global dan peluang pelaburan bernilai tinggi.”

Beliau turut menegaskan bahawa pelaburan domestik kekal sebagai memacu utama ekonomi negara, sekali gus mengimbangi persepsi bahawa tumpuan hanya diberikan kepada pelaburan asing. Menerusi kempen #InvestLokal, tumpuan diberikan kepada sektor HGHV (High Growth, High Value) bagi memastikan syarikat tempatan dapat berkembang dan bersaing di peringkat antarabangsa. Fokus utama
MIDA, termasuklah:

• Pembangunan Kapasiti: Memperkasakan syarikat tempatan dalam sektor berteknologi tinggi.
• Integrasi Rantaian Bekalan: Mewujudkan peluang untuk syarikat tempatan menjadi rakan pembekal strategik kepada syarikat multinasional (MNC).

Puan Dafinah Ahmed Hilmi, Ketua Pegawai Eksekutif HLB Islamic menambah,“Kerjasama ini mencerminkan komitmen kami untuk memperkasa usahawan tempatan, khususnya di Wilayah Utara. Kami mahu memastikan mereka bukan sahaja berdaya tahan, tetapi bersedia menembusi rantaian bekalan global melalui sokongan kewangan patuh Syariah dan bimbingan strategik.”

Selain sesi forum, para peserta juga menyertai Sesi Klinik Perniagaan untuk mendapatkan khidmat nasihat secara langsung daripada agensi-agensi terlibat.

Forum ini adalah hasil kerjasama strategik antara MIDA, HLB Islamic dan Kerajaan Negeri Kedah dalam usaha memacu pertumbuhan dan daya saing usahawan di Wilayah Utara.

-END-

Mengenai MIDA

MIDA adalah agensi promosi dan pembangunan pelaburan utama Kerajaan di bawah Kementerian Pelaburan, Perdagangan dan Industri (MITI) untuk menyelaras dan menggalakkan pelaburan ke dalam sektor perkilangan dan perkhidmatan di Malaysia. Beribu pejabat di Kuala Lumpur Sentral, MIDA mempunyai 12 pejabat wilayah dan 20 pejabat luar negara. MIDA terus menjadi rakan strategik bagi perniagaan dalam merebut peluang yang timbul dari revolusi teknologi pada era masa kini. Untuk maklumat lebih lanjut, sila layari www.mida.gov.my dan ikuti kami di saluran X, Instagram, Facebook, LinkedIn, TikTok dan YouTube.

Mengenai HLIB Untuk pertanyaan media, sila hubungi:

MIDA
En. Sukri Abu Bakar
Pengarah, Bahagian Pelaburan Tempatan, MIDA
Emel: [email protected]
Tel: +603-2267 3685

MIDA DAN HLB ISLAMIC JALIN KERJASAMA STRATEGIK PERKUKUH USAHAWAN IKS DI WILAYAH UTARA

A $35 million USD investment brings advanced air-knife coating technology and sterile medical packaging capabilities to Southeast Asia, further strengthening a healthcare regional supply chain 

Kuala Lumpur, April 24, 2026 – Amcor (NYSE: AMCR, ASX:AMC), a global leader in responsible packaging solutions, yesterday opened an advanced healthcare packaging coating facility in Subang Jaya, Selangor, marking a significant expansion of its manufacturing footprint in Malaysia and Southeast Asia.

The facility, representing an investment of over $35 million USD, introduces air-knife coating technology to the region for the production of coated medical paper used in sterile medical device packaging. Facilitated by Malaysian Investment Development Authority (MIDA), this investment further strengthens Malaysia’s position as an integrated regional hub for healthcare packaging, enhancing supply chain resilience through local access.

“Amcor’s investment reinforces Malaysia’s position as a strategic centre for advanced manufacturing in the region. Beyond expanding capacity, this facility strengthens local supply chain resilience, accelerates technology adoption and supports the development of skilled Malaysian talent, in line with the New Industrial Master Plan 2030 and our National Investment Aspirations. MIDA will continue to facilitate high-quality investments that generate sustainable, long-term value for Malaysia.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, MIDA

The facility expands Amcor’s existing healthcare packaging operations into a fully integrated manufacturing site, positioned to support healthcare customers across the region with greater speed and reliability. By localising production, Amcor gains dual sourcing options, strengthens long-term supply chain reliability, and creates a platform for pilot-to-production scale-up, supporting rapid trials, closer technical collaboration and faster commercialisation for regional customers.

Amcor’s investment adds to a growing pipeline of high-value commitments to Malaysia’s medical device industry. In 2025, Malaysia approved RM152 million in medical device investments, signalling sustained global confidence in the country as a preferred manufacturing base for the healthcare industry.

“This marks an important milestone for Amcor and our partners in Malaysia. The opening of this new coating facility underscores our long-term commitment to supporting our partners in the healthcare sector across Asia Pacific. It also demonstrates the strength of collaboration across our global network in bringing advanced capabilities to the region and serving customers more effectively.”

Chris Kenneally, President, Amcor Flexibles Asia Pacific

A key aspect of the project is the strong collaboration across Amcor’s global network, particularly the technology and knowledge transfer that enabled the successful setup of the facility. The company’s technical specialists from the United States worked closely with the Malaysian team in installation, commissioning and hands-on operational training, embedding advanced manufacturing capabilities locally. 

The facility is equipped with state-of-the-art production systems, including advanced inspection and automated manufacturing processes, designed to deliver consistent quality and reliability for healthcare packaging applications. Purpose-built for both precision and scale, it incorporates closed-loop process controls, in-line quality monitoring and optimised drying systems to enhance product consistency.

The opening reinforces Malaysia’s growing attractiveness for advanced, knowledge-intensive manufacturing investment, building on established strengths in electronics, medical devices and specialised industrial production.

-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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About Amcor

Amcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries. NYSE: AMCR; ASX: AMC

www.amcor.com | LinkedIn | YouTube 

For more information, please contact: 

MIDA

Ms. Rozita Ibrahim
Director, Building Technology & Lifestyle Division
Email : [email protected]
Tel.: +603-2267 3479

Amcor

Zuzana Gabriel
Director, Communications – Europe and Asia
[email protected]

Esmond Yan
Manager, Communications – Europe & Asia
[email protected]
+6581233326

Davin Dhanraj
Specialist, Communications – Europe and Asia
[email protected]
+0163606275

Amcor opens advanced healthcare packaging coating facility in Malaysia

Exposition In Strategic Partnership with the Ministry of Investment, Trade and Industry  (MITI) and the Malaysian Investment Development Authority (MIDA) 

KUALA LUMPUR, Malaysia – April 21, 2026 – SEMICON Southeast Asia (SEMICON SEA)  2026, the region’s premier platform for the global semiconductor and electronics manufacturing  supply chain, will return to the Malaysia International Trade and Exhibition Centre (MITEC) in  Kuala Lumpur from 5 to 7 May. Registration is open. 

The event underscores the region’s growing strategic importance in the global semiconductor ecosystem, as Southeast Asia continues to strengthen its role across advanced manufacturing  and supply chain resilience. In Malaysia, the event, held in strategic partnership with the Ministry  of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority  (MIDA), reflects the country’s continued push to strengthen its position in the global  semiconductor ecosystem. 

SEMICON SEA 2026 will be themed Transform Tomorrow and will focus on accelerating next generation technologies while addressing current structural challenges. It is expected to bring  together more than 20,000 innovators, policymakers, and technology experts, fostering  collaboration across the international semiconductor value chain, and provide the latest insights  on artificial intelligence, smart manufacturing, sustainability, workforce development, advanced  packaging, supplier sourcing, and more. 

“The global semiconductor industry is expected to reach USD1 trillion in annual sales in 2026, a  historic milestone fueled by an intensifying AI infrastructure boom. Market analysts note that  Southeast Asia has emerged as a significant driver of global semiconductor growth, having  outperformed the broader industry over the past few years, supported by sustained expansion in  manufacturing capacity, assembly, testing and packaging, as well as its increasing integration  into global semiconductor supply chains.” 

“The semiconductor industry is entering a new era where progress will be defined by effective collaboration across the entire ecosystem,” said Ajit Manocha, President and CEO, SEMI. SEMICON Southeast Asia reflects this changing landscape through its program focused on  closing gaps between innovation and execution – from design all the way to manufacturing. SEMI  looks forward to hosting this year’s event in Malaysia, a semiconductor industry powerhouse with  decades of proven success.”  

“SEMICON Southeast Asia is a catalyst for driving collaboration and innovation across the  semiconductor ecosystem, bringing together leaders, visionaries, and experts to address the  industry’s most pressing challenges and seize emerging opportunities,” said Linda Tan,  President, SEMI Southeast Asia. “As advanced technologies reshape manufacturing, SEMICON Southeast Asia empowers stakeholders to connect, exchange knowledge, and shape  the future of the industry.”

 

Closer to home, Malaysia’s semiconductor industry is entering its next phase of growth from a  position of strength. The electrical and electronics (E&E) sector secured RM28.5 billion in  approved investments in 2025, reaffirming its role as a cornerstone of Malaysia’s manufacturing  economy and a trusted node in the global technology supply chain. SEMICON Southeast Asia  2026 arrives at a moment when Malaysia is moving beyond its established strengths in assembly  and test into higher-value activities, including design, advanced packaging, and innovation-driven  manufacturing. 

“The semiconductor industry is at an inflection point, and Malaysia intends to be at the center of  what comes next,” said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive  Officer of MIDA. “Under the New Industrial Master Plan (NIMP) 2030, Malaysia is not simply  maintaining its position in the global semiconductor supply chain. We are deliberately reshaping  it. Our investment fundamentals are strong. The RM28.5 billion secured by the E&E sector in  2025 is proof that global confidence in Malaysia has not wavered. We continue to build its robust  ecosystem to match that confidence, through supply chain integration, local capability  development, and the kind of high-value partnerships that platforms like SEMICON Southeast  Asia are uniquely placed to catalyze. MIDA’s role here is not as a bystander. We are an active  builder of his industry’s next chapter in Malaysia, and we are here to build it together.” 

SEMICON SEA 2026 Focus Areas  

• AI and Intelligent Manufacturing: Dedicated AI forums and the new Intelligent  Manufacturing Showcase developments in advanced manufacturing capabilities across  the semiconductor ecosystem, including smart manufacturing, automation, digitalisation,  and sustainability. This also supports talent development by exposing engineers and  students to real‑world AI applications and future‑ready manufacturing roles. 

• Sustainability: Three days of dedicated sustainability discussions and a new  Sustainability Pavilion focusing on energy, emissions, and efficiency, underscoring the  semiconductor industry’s growing need to address global energy pressures while  advancing a more sustainable growth pathway. 

• Talent Development: Workforce development in action through TECH Zoomers  Bootcamp, TalentCONNECT, mentoring sessions, curated tours and career-focused  programs, aligned with Malaysia’s National Semiconductor Strategy, which aims to train  and upskill 60,000 highly skilled engineers by 2030. SEMICON Southeast Asia 2026  serves as a key platform to support this ambition by strengthening industry exposure,  talent pipelines and skills development across the semiconductor ecosystem. 

• Advanced Packaging & Heterogeneous Integration: One and a half days of expert-led  discussions on advanced packaging and heterogeneous integration, underscoring their  importance in enabling next-generation semiconductor innovation and accelerating the  industry’s move toward higher value creation across the value chain.

• Suppliers Sourcing Programme: Targeted business matching featuring five leading  global buyer companies engaging in pre-scheduled one-to-one meetings with suppliers  to explore sourcing opportunities and new partnerships, serving as a strategic platform  to deepen ecosystem linkages across the region. 

MIDA Initiatives at SEMICON SEA 2026 

At SEMICON SEA 2026, MIDA is running three program tracks that go beyond conversation to  drive tangible outcomes for Malaysia’s semiconductor ecosystem: 

• The Supply Chain Integration & Capability Enhancement Forum brings together  global semiconductor companies, Malaysian suppliers, and ecosystem stakeholders to  share insights on industry trends, supplier expectations, and capability development. It  aims to strengthen Malaysia’s supply chain ecosystem and support its advancement into  higher-value segments of the semiconductor value chain. 

• The Digital Twin & Smart Manufacturing Seminar is aimed at Malaysian small and  medium enterprises (SMEs) in the semiconductor and mobility supply chains, focusing on  the practical adoption of digital twin technology and smart manufacturing. The goal is  direct: raise the capabilities of local suppliers so they can meet the standards and  requirements of global manufacturers operating in Malaysia. 

• The Handshake@SEMICON convenes senior decision-makers from leading global  semiconductor and technology companies into direct, structured engagements. MIDA  facilitates these engagements with a clear intent: to move from interest to investment, and  from introduction to partnership. 

• Through SEMI’s TECH Zoomers programme at Universiti Kebangsaan Malaysia (UKM), MIDA will facilitate and contribute to a panel discussion on workforce development trends  and job outlook in the semiconductor sector, to equip students and early talent with  industry-relevant insights and strengthen Malaysia’s future semiconductor workforce. 

SEMICON SEA is further strengthened by the support of leading partners and industry  sponsors.  

• Diamond Sponsors: GlobalFoundries, Lam Research, Micron, Sandisk Corporation,  Tokyo Electron Limited 

• Platinum Sponsors: Applied Materials, Global TechSolutions, Schneider Electric, SGS,  Soitec, STATS ChipPAC 

• Gold Sponsors: Advantest, ASE, ECOWorld, Henkel, IAQ, KLA, Kulicke & Soffa,  Siemens, Singtest, STMicroelectronics  

Registration for SEMICON SEA 2026 is now open. For full program and conference details,  please visit the SEMICON SEA website.  

-END-

About SEMI 

SEMI^® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON^® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.

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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

Contact Information

MIDA
Mohd Mazlan Mokhtar
Director, Electrical and Electronics Division
Mobile: +603 2267 6655
[email protected]

Alpha Story Pte. Ltd.
Qistina Lim
Mobile: +60 12 725 8829
[email protected]

SEMI Corporate
Sherrie Gutierrez
Mobile: +1 831 889 3800
[email protected]

SEMICON Southeast Asia 2026 to Convene Leaders in Malaysia to Drive Next  Phase of Semiconductor Growth 

New Facility Strengthens Malaysia’s Cleanroom Manufacturing Capabilities for High-Growth Industries

Kuala Lumpur, 17 April 2026 – iCents Group Holdings Berhad (“iCents” or the “Group”), a specialist in the design, engineering, procurement, construction and commissioning (EPCC), qualification and validation of cleanrooms, and the manufacture of cleanroom fixtures and related products, today marked the official launch of Maytech Cleanroom Manufacturing Sdn Bhd (“Maytech”), a wholly-owned subsidiary of iCents, at its facility in Mantin, Negeri Sembilan.

The launch ceremony was officiated by YB Tuan Teo Kok Seong, State Committee Chairman of the Industry and Non-Muslim Affairs, Negeri Sembilan, and attended by senior representatives from MIDA, Invest Negeri Sembilan, local authorities and industry partners. The event marks a key milestone in strengthening Malaysia’s capabilities in cleanroom manufacturing and advanced facility solutions.

Maytech specialises in the design, manufacturing and supply of cleanroom systems and related components, supporting high-specification industries such as semiconductor, data centres, pharmaceutical, life science, food & beverage as well as palm oil. The facility enhances the Group’s capacity to deliver integrated cleanroom and facility solutions while supporting the increasing demand for controlled environment infrastructure both domestically and regionally.

In line with its expansion, Maytech has committed a strategic investment of approximately RM15 million to enhance its advanced manufacturing capabilities and infrastructure. This investment supports the Group’s ability to deliver high-quality, precision-engineered solutions while strengthening its role in supporting industrial growth both locally and across regional markets.

The expansion is expected to generate approximately 100 employment opportunities, of which around 30% comprise skilled and technical roles, contributing to the development of a more specialised workforce within Malaysia’s advanced manufacturing sector.

The facility is equipped with a range of advanced manufacturing technologies designed to enhance production efficiency, precision and scalability. These include high-precision laser cutting systems for cleanroom door fabrication, a semi-automated panel production line with a capacity of up to 3,000 square metres per day, and advanced aluminium cutting systems that improve accuracy while reducing material wastage. In addition, the facility is supported by comprehensive material testing capabilities, including a Universal Testing Machine (UTM), as well as in-house laboratory facilities to ensure compliance with industry standards and consistent product quality.

Complementing its manufacturing capabilities, Maytech maintains a dedicated in-house research and development team focused on driving continuous innovation and developing solutions aligned with evolving cleanroom and industrial requirements.

Beyond Malaysia, Maytech has expanded its presence across regional markets, serving clients in Thailand, Indonesia, Vietnam and the Philippines, reflecting the Group’s growing footprint as a provider of specialised cleanroom and architectural solutions in Southeast Asia.

In line with its commitment to sustainable practices, Maytech continues to integrate Environmental, Social and Governance (ESG) principles into its operations, including efforts to validate its products under the Environmental Product Declaration (EPD) programme and ongoing initiatives to monitor and reduce its carbon footprint.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) said, “The launch of Maytech Cleanroom Manufacturing marks another significant milestone in Malaysia’s journey towards becoming a high-value, technology-driven economy. This investment reflects the nation’s continued progress in strengthening its industrial ecosystem, particularly in strategic sectors such as semiconductors, data centres, and life sciences. In line with the aspirations of the New Industrial Master Plan 2030, the development of advanced manufacturing capabilities, including cleanroom solutions, assumes a pivotal role in enhancing Malaysia’s competitiveness and attracting quality investments. MIDA remains committed to supporting companies like iCents in scaling up their technological capabilities, fostering innovation, and creating high-skilled employment opportunities. We are confident that initiatives such as this will contribute meaningfully to sustainable economic growth and further position Malaysia as a preferred hub for advanced manufacturing in the region.”

YB Teo Kok Seong, State Committee Chairman of the Industry and Non-Muslim Affairs, Negeri Sembilan said, “The establishment of Maytech Cleanroom Manufacturing Sdn Bhd reflects a significant local investment that supports the development of high-technology industries in Negeri Sembilan. This initiative not only strengthens the state’s industrial ecosystem, but also demonstrates investor confidence in our ability to provide a conducive environment for sustainable growth.

With an investment of approximately RM15 million and the creation of around 100 job opportunities, this facility contributes meaningfully to talent development and the creation of high-value employment, particularly for our youth.

The focus on cleanroom manufacturing and controlled environment solutions is highly relevant as industries continue to demand higher precision and stricter quality standards. Facilities like Maytech will play an important role in supporting these evolving industry needs, while strengthening Negeri Sembilan’s position as a competitive and dynamic industrial hub in the region.”

Ir. Ts. Vincent Ong Mum Fei, Managing Director of iCents Group Holdings Berhad commented, “The launch of Maytech Cleanroom Manufacturing marks a significant milestone in strengthening our manufacturing capabilities and supporting the growing demand for high-specification cleanroom and facility solutions. This facility enhances our ability to deliver integrated solutions across key industries such as data centres, semiconductors and pharmaceuticals, while reinforcing our commitment to quality, engineering excellence and disciplined execution. We believe this position us well to support both domestic and regional project requirements as these sectors continue to expand.”

Mr. Foo Siang Leng, Executive Director of iCents Group Holdings Berhad added, “Maytech represents an important step in expanding our operational capacity and elevating our production standards to meet increasingly complex project requirements. Following our involvement in data centre projects in Thailand since last year, and more recently in Indonesia, this reflects our growing regional footprint. With this facility, we are better positioned to support both local and overseas customers through improved production efficiency, product quality and timely project delivery, while maintaining our focus on operational discipline and technical precision.”

The event featured a series of activities including a corporate presentation, officiating ceremony, plaque signing and ribbon-cutting, as well as a guided tour of Maytech’s production and showroom facilities. Guests were also given the opportunity to explore the Group’s cleanroom technologies and engage in discussions on strategic collaboration and industry developments.

Looking ahead, iCents remains focused on strengthening its operational capabilities and expanding its presence in high-specification industries across the region. The Group will continue to prioritise technical excellence, product innovation and disciplined execution as it supports the evolving requirements of industries requiring controlled environments. With its enhanced manufacturing capabilities and growing regional footprint, iCents is well-positioned to deliver sustainable long-term value to its customers and stakeholders.

-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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

ABOUT ICENTS GROUP HOLDINGS BERHAD

iCents Group Holdings Berhad (“iCents” or the “Group”) is a specialist in cleanroom engineering and facility solutions, focusing on the end-to-end delivery of engineering, procurement, construction, testing, commissioning and validation (“EPCC”) of cleanrooms across high-specification industries. The Group also manufactures cleanroom fixtures and related products, while offering standalone technical services including design and engineering, testing and validation services, as well as the supply of specialised cleanroom equipment. Complementing its core capabilities, iCents provides a comprehensive suite of facility services such as machinery and equipment hook-up, heavy-duty ceiling system installation, construction works, and maintenance support for critical facilities. Serving a diverse customer base spanning semiconductor and electronics manufacturing, data centres, pharmaceutical production, life sciences, palm oil processing, tissue culture and food and beverage manufacturing, the Group continues to strengthen its regional presence through reliable project execution and integrated cleanroom technology solutions.

For more information, visit https://www.icentsgroup.com/

Issued By: Swan Consultancy Sdn. Bhd. on behalf of iCents Group Holdings Berhad

For more information, please contact:

MIDA

Ms. Rozita Ibrahim
Director, Building Technology & Lifestyle Division
Email: [email protected]
Tel.: +603-2267 3479

ICENTS GROUP HOLDINGS BERHAD

Jazzmin Wan
Tel: +60 17-289 4110
Email: [email protected]

Xinyi Ching
Tel: +60 19-337 9099
Email: [email protected]

iCents Marks Launch of Maytech Cleanroom Manufacturing Facility

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

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.

-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 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

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

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

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

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.                                                              

*****

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

The new facility is designed to meet the growing need to improve the resilience of the printed circuit board supply chain and expand geographic diversity

Penang, 25 April 2024 – TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (“PCB”s), officially opened its first manufacturing plant in Penang, Malaysia with an investment of USD200 million (approximately RM958 million).

Built on 27 acres in Penang Science Park, TTM’s state-of-the-art facility has highly innovative and automated PCB manufacturing capabilities. This project is the result of the close collaboration between TTM and its customers to address the increasing demand for geographical manufacturing diversity and PCB supply chain resilience. The plant is customised to support mass production requirements in various commercial end markets, including networking, data centre computing, medical, industrial, and instrumentation.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang said, “Penang is indeed proud to be the chosen location for TTM to establish its first large-scale, highly automated, and innovative PCB manufacturing plant in Southeast Asia, which also signifies the confidence that foreign investors have placed in Penang. Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players in next-generation technologies and growth strategies. I am optimistic that TTM will reap a myriad of benefits from its operation in Penang, the Silicon Valley of the East.”

The inauguration of TTM’s Penang plant was marked by the official opening ceremony, presided over by YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Pn. Najihah Abas, Executive Director, Investment Promotion of Malaysian Investment Development Authority (“MIDA”); YBhg.  Dato’ Loo Lee Lian, Chief Executive Officer, InvestPenang; Mr. Thomas Edman, President, and Chief Executive Officer, TTM Technologies, Inc.; Mr. Philip Titterton, Executive Vice President and Chief Operating Officer, TTM Technologies, Inc.; senior government officials; and TTM’s senior management. 

The establishment of TTM’s Penang plant will facilitate the creation of approximately 1,000 employment opportunities across various categories for local talent by 2025. The expansion will generate substantial opportunities for TTM’s local suppliers and will help cultivate the skills of local technical talent in cutting-edge PCB technology solutions.

TTM anticipates that the new plant will generate full run rate revenue of about USD180 million (approximately RM855 million) by 2025. Furthermore, the plant is built to support a Phase 2 expansion that could result in a 25 per cent increase.  

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, MIDA emphasised, “It brings me great pleasure to underscore the significant benefits TTM Technologies’ investment brings to Malaysia’s electrical and electronics (“E&E”) industry, especially within the semiconductor sector. With TTM’s expertise in high-tech solutions and advanced printed circuit boards, Malaysia is now a critical player in the global semiconductor supply chain.

The inauguration of TTM’s cutting-edge facility in Penang not only strengthens the growth and resilience of Malaysia’s E&E industry but also elevates our capabilities in the next generation of PCB manufacturing. This development aligns seamlessly with the strategic objectives outlined in the New Industrial Master Plan (“NIMP”) 2030, focusing on bolstering the semiconductor ecosystem. It opens avenues for skill development and knowledge sharing among local talents, reinforcing Malaysia’s stature on the global stage as a competitive, technologically advanced nation.”

Mr. Thomas Edman, President, and Chief Executive Officer of TTM Technologies, commented, “The opening of our flagship plant in Penang marks a significant milestone for TTM. We are thrilled to embark on this expansion plan, with a state-of-the-art facility that underscores our commitment to providing our customers with differentiated advanced technology PCB solutions on a global scale. Today, we are proud to celebrate the grand opening of TTM’s first large-scale, highly advanced technology-equipped facility in Southeast Asia. As we step into this new era of innovation and expansion, we are committed to elevating industry standards, meeting customer needs, and propelling TTM’s growth as a new contributor to the Malaysian economy.” 

“Penang’s robust industrial eco-system, position as the electrical and electronics hub, strong talent pool, and conducive business environment have made Penang a preferred location for TTM. Due to the outstanding support of the government and the efforts of our employees, TTM is now entering our production ramp only two years after our initial ground-breaking. As TTM builds our presence in Penang, we eagerly anticipate a longstanding relationship and mutually rewarding partnership with the Malaysian government, our customers, and our critical vendors,” concluded Mr. Edman. 

Besides contributing to the industry’s needs, TTM is strongly committed to protecting its staff, community, customers, and the environment. To further TTM’s sustainability efforts, the new facility is configured to minimise energy and water consumption and will reduce the carbon footprint by 60% when compared to a traditional PCB plant while still meeting rigorous environmental operational standards.

-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 X, Instagram, Facebook, LinkedIn, Tik Tok, 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 realize 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). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About TTM Technologies, Inc.
TTM Technologies, Inc. is a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components/RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards (“PCB”s). TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. Additional information can be found at www.ttm.com.

For more information, please contact:

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

InvestPenang
Elaine Cheah / Arief Ferdaus
Communication & Business Intelligence
E: [email protected] / [email protected]
T: +604-646 8833

TTM Technologies Celebrates the Grand Opening of Its First Manufacturing Facility in Penang

JOHOR, 25 April 2024 – Ray Tech (Malaysia) Sdn. Bhd., a subsidiary company under the parent company Unicomp Technology China, announced the grand opening of its state-of-the-art Smart Industrial X-Ray Inspection Specialist Plant in Johor, their first entity in Malaysia. This cutting-edge facility will revolutionise the production and distribution of X-ray equipment, catering to the growing demand for advanced X Ray imaging in the various sectors and in the regions around the world.

The opening ceremony was graced by esteemed guests comprising of the guest of honour, YAB Menteri Besar Dato’ Onn Hafiz Ghazi; The Deputy Chief Executive Officer, Investment Promotion and Facilitation of the Malaysian Investment Development Authority (MIDA), Mr. Sivasuriyamoorthy Sundara Raja; President of Unicomp Technology, Mr Liu Jun; General Manager of Ray Tech Malaysia, Mr. Matthew Loh; government officials and dignitaries as well as the members of the media. The event commenced with a ribbon-cutting ceremony followed by the guided tour of the plant, showcasing its advanced innovative assembly processes.

Mr. Sivasuriyamoorthy Sundara Raja, the Deputy Chief Executive Officer, Investment Promotion and Facilitation of MIDA applauded Ray Tech for their groundbreaking achievements and commented, ” Ray Tech is recognised as a dependable and respected leader in Smart Industrial X-Ray Inspection, and their ongoing commitment to innovation, quality, and customer satisfaction drives their success. The new facility in Gelang Patah signifies a significant step forward for our industry and promises numerous job opportunities for the local community. We eagerly anticipate the growth and prosperity this investment will bring. This project is a testament to the success of Malaysia’s manufacturing sector and its supporting ecosystem. It showcases the trust of our companies in the country’s long-term investment propositions and the confidence of local and global investors in Malaysia as a preferred sustainable investment destination.”

Meanwhile, General Manager of Ray Tech Malaysia, Mr. Matthew Loh remarked, “We are excited to inaugurate our X-Ray Assembling Plant in Malaysia, a testament to our continued investment in innovation and commitment to advancing the use of Smart Industrial X-Ray in the various sectors. This facility will not only bolster our production capabilities but also strengthen our presence in the regional and overseas markets, enabling us to better serve our customers.”

Malaysia’s allure in attracting high-technology industries bodes well for the country as it brings along new technology and job opportunities. It underscores investors’ confidence in Malaysia’s business-friendly environment and affirming the country’s status as a preferred investment destination for high-value manufacturing and innovation-driven investments. This 80% export-oriented project will be supported by the Malaysian technical workforce with more than 95% of the total manpower ranging from Managerial, Technical, and Supervisory category.

The advent and portrayal of X-Ray goes further than the medical sector and is now extended to the Automotive, Electronics Semiconductor, Lithium Battery, Public Security, FOD (Foreign Object Detection) and NDT (Non-Destructive Test). Among its noted clientele are from the likes of Xiaomi, Tesla, BYD, Mercedes, BMW and Honda.

This milestone event marks the culmination of months of meticulous planning, dedication and commitment, positioning Ray Tech as a leading player in the area of Smart Industrial    X-Ray Inspection Specialist Equipment. The use of this technology has 500+ patents to its credit.

*****

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 Raytech (Malaysia) Sdn. Bhd.

Ray Tech (Malaysia) Sdn Bhd whose parent company is Unicomp Technology China has established its presence here in Gelang Patah since September 2023.

The company has a rich history of innovation and expertise in the X Ray field and continues to make its mark in the sphere of X Ray technology.

The company offers a comprehensive range of high end X-Ray detection instruments and equipments for various industries ranging from the Automotive, Electronics Semiconductor, Lithium Battery, Public Security, FOD (Foreign Object Detection) to NDT (Non-Destructive Test) industries.

The company has developed 500 patents and currently exports to 70 over countries worldwide.

For more information, please contact: 

MIDA
Ms. Zakiah Sajidan
Director of Machinery and Metal Technology Division
T: 03-2267 6769
E: [email protected]

Raytech (Malaysia) Sdn. Bhd.
Mr. Matthew Loh
General Manager
+65 9058 3305

Ray Tech (Malaysia) Sdn. Bhd. Establishes Its State-Of-The-Art Smart Industrial X-Ray Inspection Specialist Plant in Johor, Malaysia

• The new plant is part of éolane’s sustainability strategic roadmap that is aimed at creating shared values for all stakeholders, including contributing significantly to Malaysia’s sustainability goals, such as energy usage reduction, economic growth and smart digital factory with AI deployment.
• With the addition of the new plant in its pipeline, éolane is set to create about 150 new local jobs in Phase 1.
• Striving to design and supply quality to manufacturing excellence to enhance the performance of the electronic industry, the company also has core businesses within the New Energy, Medical, Capital Equipment, Industrial, and Aeronautic segments.

Kulim, Kedah, 24 April 2024 – éolane, the Europe-leading Electronic Manufacturing Service company based in France, has inaugurated a new manufacturing plant in Kulim Hi-Tech Park, Kedah, with a focus on sustainable production. With a total investment of EUR8.7 million (RM45 million) in Phase 1, the new facility represents a major milestone in éolane’s sustainability roadmap aimed at meeting the industry’s growing demand sustainably. The new production site is fully equipped with a cutting-edge digital production line and system. With the addition of the new plant, éolane expects to create approximately 150 new job opportunities within the state in Phase 1. éolane also plans to substantially increase its production capacity in Phase 2 to meet future demand for high-quality electronic products.

The new manufacturing plant was officiated by YAB Dato’ Seri Haji Muhammad Sanusi Md Nor, Chief Minister of Kedah, Mr. Mohd Rushdan Mohd Ghazali, Director of MIDA Kedah and Mr. Olivier Clement, Chief Executive Officer (CEO) of éolane. Also present at the official launch were YB Dr. Haim Hilman Abdullah, State Exco of Industry and Investment, Higher Education, Science, Technology and Innovation, YBhg. Dato’ Mohd Sahil Zabidi, Group CEO, Kulim Technology Park Corporation (KTPC) and Mrs. Grace Colin, Managing Director of éolane Asia.

In his welcoming address, YAB Dato’ Seri Haji Muhammad Sanusi Md Nor, Chief Minister of Kedah said, “The state of Kedah is very proud to host éolane’s new state- of-the-art factory, which recognises Kedah as a state providing the right prerequisites for sustainable production of high-quality electronic products. This enables éolane to live its vision of improving performance for operation excellence in the electronic manufacturing industry.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA welcomed the launch of éolane’s new manufacturing facility, stating, “Malaysia is very honoured that éolane, with its long-term presence in the country, continues to expand in the Kulim Hi-Tech Park. This new facility aligns seamlessly with our New Industrial Master Plan (NIMP) 2030, symbolising éolane’s confidence in Malaysia’s sustained economic growth and our commitment to sustainable practices. We are leaving no stone unturned in ensuring that the automated plant, with a commitment to sustainable practices, not only succeeds but also integrates Malaysia into éolane’s vital international value chain. We are dedicated to supporting industry leaders like éolane and eagerly anticipate their future achievements on the global stage.”

Olivier Clement, CEO of éolane said “We are beyond excited and thrilled about the opening of our new plant here in Kulim, Kedah. This is a significant milestone for éolane, as it is part of our transformative journey towards becoming a World Class Manufacturing leader in electronic manufacturing for our clients. We have chosen Kulim Hi-Tech Park, Kedah as the new location of our plant, as we believe the state has the right infrastructure, talent, and capabilities to meet the demands of the manufacturing industry. With the addition of this new facility in our pipeline, we are confident that we would be able to capture and capitalise on the industry’s demand, not only in Kedah or Malaysia but in the Asian region in general.”

Malaysia has been actively promoting and implementing sustainable development initiatives aligning with the National Investment Aspirations (NIA) and Sustainable Development Goals (SDG) principles. In line with this, éolane through its shared value creation roadmap, aims to contribute towards Malaysia’s sustainability goals, such as energy usage reduction, economic growth, and digital factory with operation excellence. éolane has set up its sustainability roadmap for the company’s growth, innovation, and productivity drive with ESG engagement.

With sustainability being a key aspect of the company’s strategic focus area, éolane endeavours to build a sustainable durable manufacturing ecosystem that would effectively meet the industry’s demand for high-quality electronic products, with minimum environmental impact.

– 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 channel.

About éolane

Currently operating in over 7 countries worldwide, éolane is the leading European electronic manufacturing service provider for professional., éolane designs cutting-edge PCBA & box build integration in small, medium and large series for 8 front-line markets: defense, industry, telecoms, rail, automotive, health, energy and aeronautics. éolane combines technological excellence, innovation strength and industrial capacity to offer tailor-made solutions. éolane’s teams combine a wide range of expertise and certifications to support its customers throughout their products life cycle, from design to obsolescence management of electronic assemblies”. éolane aims to achieve the best technic and economic outcomes, transforming the supply chain into a low carbon economy and achieving the ‘net zero’ targets by 2050 through their overall business operations. For more information on éolane, kindly visit https://www.éolane.com/.

For media enquiries, please contact:

MIDA
Ms. Noor Suziyanti Saad
Director, Electrical & Electronics Division
Email: [email protected]
Tel.: +603-2267 3791

éolane
Mr. Damien Cucumel
Director of communication, éolane
Email: [email protected]
Tel.: +336280988

éolane Pursues Sustainable Growth: Inaugurates its RM45 Mil Electronic Manufacturing Plant in Kulim, Kedah with Sustainability at Core

Batu Berendam, Melaka, Malaysia, 23 April 2024 – ATX Semiconductor Group, a worldwide well-known provider of Semiconductor assembly and test services, offering a full range of turnkey services that include package design, front-end engineering test, wafer test, package assembly and final test celebrated the opening of its new manufacturing plant in Free Trade Zone III, Batu Berendam, Melaka today. This plant, named as ATX Semiconductor (Melaka) Sdn. Bhd. is not only the first ATX Semiconductor plant in Malaysia, but is also the first ATX manufacturing plant outside China. ATX Group’s robust footprint in China, coupled with its pioneering packaging and test solutions, positions it strongly to capitalise on its capabilities as it expands to the new facility in Melaka.

The Company announced its investment of more than USD55 million (RM258 million) for its expansion in Melaka. The new facility has begun its manufacturing activities and will continue to expand its production capacity to better serve the customers in Malaysia and the surrounding regions. Massive operations are expected to commence in the first half of year 2026.

The event was attended by Melaka state government officials, government officials from the Malaysian Investment Development Authority (MIDA), ATX customers and business partners along with ATX Group employees. The event started off with a keynote address by ATX Group Chief Executive Officer (CEO) followed by an opening gimmick, refreshments, and a tour of the facility.

The establishment of the new manufacturing plant in Melaka underscores ATX’s strategic vision and commitment to global expansion. The new facility represents a substantial investment in cutting-edge technology, new packaging, and capacity expansion with a new manufacturing building to drive innovation and excellence in the semiconductor industry on an international scale.

With a legacy of collaboration and innovation extending more than three decades, ATX Melaka has forged partnerships with multinational leaders like Panasonic and UTAC Group. Leveraging a blend of Eastern and Western manufacturing best practices, including 5S, Kaizen, Toyota Way, and Change Management, ATX Melaka is poised to establish a strong presence among semiconductor players on a global scale.

En. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, warmly welcomed the new ATX Semiconductor facility in Melaka, pointing out its significant role in Malaysia’s economic and investment landscape. He said, “The launch of ATX Semiconductor’s facility here reflects our strong economic position and the diverse attractions that make Malaysia an ideal investment hub in the region. With strategic proximity to key markets, a rich culture, and a robust semiconductor ecosystem, Malaysia is well-positioned to attract a broad spectrum of international investors, including major Chinese corporations. This project will create over 2,000 jobs and strengthen our supply chains to meet the evolving needs of the E&E industry. The potential for investments in Malaysia is vast, and MIDA is eager to support ATX Semiconductor and others in tapping into these opportunities.”

Meanwhile, Mr. Chris Hsu, CEO of ATX Group, remarked, “ATX investment in Malaysia reinforces ATX’s commitment in expanding world-class semiconductor manufacturing capabilities.  The products and services ATX provide encompasses all industries including communication, automotive, consumer, industrial, high-performance computing and medical. ATX is strengthening the electronics supply chain for Malaysia and their customers worldwide.”

ATX now has six IATF16949 certified manufacturing facilities worldwide with more than 8,000 employees along its sales offices across US, Europe, Singapore, Japan, and China.  ATX Semiconductor (Melaka) Sdn. Bhd. plays a vital role among ATX customers. The factory will be producing wide range of semiconductor products from Small Outline Transistor (SOT) /Quad Flat No Lead (QFN) /Transistor Outline (TO) to Sensors.

This new investment will not only help boost Melaka’s state economy and employment opportunities, but also facilitate technology transfer and talent development between China and Malaysia. ATX Melaka strongly believes in corporate social responsibility and desires to make a positive impact on the environment and community, while being an employer of choice.

                                                               *****

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 ATX Semiconductor

ATX Semiconductor Group is a global semiconductor leader in Semiconductor assembly and test services drives to decarbonization and digitalization through its products and solutions. ATX is headquartered in China, with production facilities in China and Malaysia. The company has a professional laboratory with most advanced equipment to provide customers with comprehensive solutions. The ATX Group strives to have a passionate people working in unity to deliver high quality products and value-added services that meet and exceed customers’ expectation. We strongly believe in Corporate Social Responsibility (CSR) and desires to make a positive impact on the environment and community, while being an employer of choice. For more information, please contact: 

MIDA
Ms. Noor Suziyanti Saad
Director of Electrical and Electronics Division, MIDA
T: 03-2267 3575
E:[email protected]

ATX Semiconductor

Mr. Lim Siew Chin
Director of Business Management, ATX
T: 06-2843676
E: [email protected]

Follow us at www.atxsemicon.com

ATX Group Establishes Its First Manufacturing Plant Outside China In Melaka, Malaysia

• Ultra Clean Holdings, Inc. has opened a new manufacturing facility in Pulau Pinang, marking a major expansion in the semiconductor sector.
• Anticipated to generate an additional USD600 to USD800 million in revenue, significantly enhancing the local economy.
• From zero employees in 2020 to over 600 today, the facility boosts local employment and community involvement.
• The design emphasises environmental stewardship, utilising solar power and maximising natural light to reduce energy consumption.

Pulau Pinang, 23 April 2024 – Ultra Clean Holdings, Inc. (UCT), a leading developer and provider of critical subsystems, components, and ultra-high purity cleaning and analytical services for the semiconductor sector, proudly announces the inauguration of its new manufacturing facility in Pulau Pinang. With an investment of RM250 million, this new facility underscores UCT’s steadfast commitment to business continuity, customer satisfaction, and environmental stewardship. This strategic initiative positions UCT as a beacon of innovation and responsibility in the global semiconductor market, further solidifying its role as a leader in the sector.

The inauguration ceremony was honoured by the presence of YAB Tuan Chow Kon Yeow, Chief Minister of Penang, alongside representatives from Federal and State governments including Mr. Muhammad Ghaddaffi, Director of the Malaysian Investment Development Authority (MIDA), marking a landmark moment for both UCT and Malaysia’s manufacturing landscape.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang stated, “Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players in next-generation technologies and growth strategies. I am optimistic that UCT will be able to reap many benefits from its operation in Penang, the Silicon Valley of the East.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, expressed his commendations for UCT’s accomplishments. “Congratulations to UCT for your impressive contributions to our job market. The opportunities for investment in Malaysia are boundless, driving growth and sparking innovation across sectors. This is a perfect match for our vision of an economy fuelled by advanced skills and the latest technologies. UCT’s initiatives are crucial in this effort, aligning seamlessly with Malaysia’s New Industrial Master Plan (NIMP) 2030. Beyond just facilitating investments, MIDA is committed to actively working with our established partners like UCT to transform their operations and elevate productivity,” he remarked.

“We are proud to partner with the Government of Malaysia, the state of Penang and MIDA to expand our global footprint as part of our strategic growth plan,” said Jim Scholhamer, CEO of UCT. “This state-of-the-art facility will ensure business continuity, enable us to better serve and bring value to our local and global customer base, and allow us to capitalise on longer-term growth opportunities.”

The construction of the facility, executed in phases, began in September 2020. The first phase covered 300,000 square feet, focusing on weldments, frames, and modules. The second phase, started in early 2022, added another 250,000 square feet, boosting vertical integration capabilities. With the recent acquisition of nine additional acres of land in mid-2023, plans for a third phase are underway, promising to extend manufacturing capacities and vertical integration opportunities later this year.

Upon completion of all phases, UCT projects an additional revenue potential of USD600 to USD800 million. This expansion not only aims to boost local employment — growing from zero employees in 2020 to over 600 today — but also to increase economic contributions to the region, strengthen community engagement, and enhance business continuity. UCT’s dedication to sustainability is evident in the facility’s energy-efficient design, utilising solar power and maximising natural light to minimise environmental impact.

– 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 in 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 current technology revolution. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Invest Penang

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 realize 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.

About Ultra Clean Holdings, Inc.

Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

For enquiries, please contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery and Metal Technology Division
Email: [email protected]
Tel.: +603- 2267 6769

Invest Penang
Ms. Elaine Cheah / Mr. Arief Ferdaus
Communication & Business Intelligence
Email: [email protected] / [email protected]
Tel.: +604-646 8833

Ultra Clean Holdings, Inc
Ms. Rhonda Bennetto
Senior Vice President, Investor Relations
Email: [email protected]

Ultra Clean Holdings, Inc. Announces the Inauguration Of Its New RM250 Million Manufacturing Facility In Pulau Pinang

Boosting production capabilities through its RM50 mil phase-1 manufacturing facility to meet rising demand for more sophisticated automotive electronics

Selangor, 19 April 2024 – MCE Holdings Bhd.’s (MCE), through its wholly owned subsidiary Multi-Code Electronics Industries (M) Bhd., a leading original equipment manufacturer (OEM) specialising in automotive electronics and mechatronics parts, celebrated the construction commencement ceremony for the MCE Auto Hub, the company’s new manufacturing facility in Serendah. Spanning an eight-acre (359,370 square feet) site, the first phase of the MCE Auto Hub represents an initial investment of RM50 million.

Upon completion, the hub will serve as MCE’s primary production facility, bolstering its capacity to meet the growing demand for sophisticated electronic components and systems in both internal combustion engine (ICE) vehicles and electric vehicles (EVs). This strategic investment underscores MCE’s commitment to addressing the evolving needs of next-generation automobiles, particularly in advanced automotive electronics such as cockpit infotainment systems, digital displays, and various components for both ICE vehicles and EVs.

The ceremony held at the UMW High Value Manufacturing Park, was officiated by the Minister of Investment, Trade, and Industry (MITI), YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz. Also, in attendance were YB Ng Sze Han, Selangor State EXCO of Investment, Trade and Mobility, YBrs. Azrul Reza Aziz, Chief Executive Officer (CEO) of the Malaysia Automotive Robotics and IoT Institute (MARii); as well as representatives from local agencies, MCE’s partners, and other distinguished guests.

In his officiating speech, the MITI Minister, Tengku Zafrul Aziz highlighted, “We applaud this major decision by Multi-Code Electronics Industries (M) Berhad (MCE) to deliver cutting-edge solutions that enhance our automotive ecosystem, which is a testament to the government and MITI’s strategic policy push towards fostering growth and innovation in Malaysia’s automotive sector. The development of the MCE Auto Hub will further contribute to the growth of this sector, which currently contributes around RM40 billion to Malaysia’s GDP, while providing 700,000 jobs. More importantly, as envisaged by key policies such as NIMP2030 and the National Automotive Policy, the MCE Auto Hub will also propel the nation towards regional leadership in automotive electronics manufacturing, while making Malaysia more attractive for auto investors.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), expressed, “This breakthrough not only signifies a significant milestone for our industry, but also serves as a catalyst for economic growth, job creation and innovation. MIDA deeply values the high-value investment from MCE, as it will bolster the EV ecosystem in the country. Furthermore, the localisation of automotive electronic component production holds immense promise for job creation and enhance competitiveness for automotive OEM both locally and globally. MIDA remains committed to cultivating a supportive environment that promotes the expansion and richness of Malaysia’s industrial landscape. Congratulations to everyone involved in making this visionary initiative a reality – a vital step towards a sustainable and inventive future.”

Dr. Goh Kar Chun, Group Managing Director of MCE, said, throughout our journey, MITI, MIDA, MARii, and all local authorities have provided exceptional support and invaluable guidance. Their commitment to nurture and promotes local automotive manufacturing sector has been pivotal to our success.”

“The investment signifies our aim to lead in supplying automotive electronics and mechatronics parts in the region, capitalising on Malaysia’s advantage and its highly established electrical and electronics (E&E) industry, enhancing our capacity in supplying sophisticated products that are designed, produced, and made in Malaysia!” Goh added.

He also thanked customers and business partners for their unwavering support, stating, “The strategic location of the UMW High Value Manufacturing Park offers significant logistical and cost benefits, allowing us to be closer to some of our customers, partners, and suppliers. This proximity facilitates better collaboration and helps us further develop our ongoing partnership to foster a robust local ecosystem in automotive electronics, contributing to the overall economic contribution of the industry.”

This shift necessitates a need for a more stringent and technologically advanced manufacturing environment, in line with global digitisation trends and the growing EV market. Moreover, MCE’s commitment to innovation and growth underscored by its projected total investment of RM150 to RM200 million over the next 10 years in the new manufacturing facility.

Construction of the first phase new plant is expected to be completed by the end of the year, with operations slated to begin in 2025. For more information about MCE, please visit https://multicode.com.my/.

– 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 in 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 current technology revolution. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Multi-Code Electronics Industries (M) Bhd
Multi-Code Electronics Industries (M) Berhad is a leading OEM provider specializing in the full spectrum of design, manufacture and supply of automotive electronics and mechatronics parts for the Malaysian and regional markets. It currently has two operational facilities in Johor and Port Klang, Selangor, employing over 500 full-time employees.

MCE
Kevin Tan
Associate Director
Tel: +6012 700 1666
Email: [email protected]

MIDA
Mr. Mohd Riduan Abd. Rahman
Director, Transportation Technology Division
Tel: +603-2267 6686
Email: [email protected]

Multi-Code Electronics Holds Construction Commencement Ceremony for MCE Auto Hub

Kuala Lumpur, 16 April 2024 – Aligned with the government’s commitment to making Malaysia the chosen investment destination for foreign and domestic investors and businesses, Hong Leong Bank (“HLB” or the “Bank”) has recently formed a strategic collaboration with the Malaysian Investment Development Authority (“MIDA”), pledging to support the overall investment ecosystem and provide comprehensive financing and banking services for businesses entering the Malaysian market. Today’s event was notably graced by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), who witnessed the MOU exchange, highlighting the government’s support for this initiative.

Malaysia has approved RM329.5 billion in investments across various economic sectors for the year 2023. Boosted by this recent injection of investments and a robust economic framework, the government hopes to elevate Malaysia’s standing on the global stage, establishing the country as a prime investment destination by ensuring a seamless and integrated investment process. The agreement was officiated by Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, and Mr. Kevin Lam, Group Managing Director and Chief Executive Officer of Hong Leong Bank Berhad, marking a commitment to foster a strategic alliance that promotes sustained business growth and engagement across Malaysia’s SMEs and commercial sectors.

YB Tengku Zafrul Abdul Aziz remarked, “The key to all development activities is partnership. Partnerships with governments, civil society and the private sector are crucial for nation-building as well as regional cooperation. Through such partnerships, we are setting the stage for Malaysia to shine as a preferred investment destination. The MIDA-Hong Leong MOU aligns with our roadmap to a thriving economy, with opportunities for all, enabling us to look forward to a future where we build on our proud achievements, and collaborate towards more economic innovation and success.”

Meanwhile, Datuk Wira Arham Abdul Rahman, CEO of MIDA, commented on the need for more collaborations between the government and the private sector for the country to build towards shared economic prosperity.

“By continuously working towards making Malaysia the ultimate investment sweet spot for foreign and domestic investments, we want to ensure that Malaysia remains at the forefront of industrial transformation by leveraging the country’s strategic location, robust infrastructure, and dynamic workforce. In doing so, we have to continually enhance our support systems, economic guardrails, and technological infrastructure for investors to utilise and benefit from, and this can only be achieved through collaborations like this with Hong Leong Bank. With HLB’s end-to-end, tailor-made financing solutions and advisory services, we hope to boost the investment environment of Malaysia to remain competitive within the region and beyond.”

Kevin Lam, Group Managing Director and Chief Executive Officer of HLB highlighted the Bank’s commitment to supporting the regional expansion of corporations into Malaysia, thus helping strengthen the business and investment ecosystem in the country.

“The future of regional business expansion looks increasingly promising for Malaysia, with the Milken Institute’s Global Opportunity Index (GOI) 2024 report ranking Malaysia as the best country in Asia for overall investment conditions. This international recognition will definitely attract many investors and businesses from various sectors, and with our deep-rooted entrepreneurial heritage and customised financing solutions, Hong Leong Bank is well-positioned to support these stakeholders in their expansion journey. By leveraging on our expertise and market insights, companies can effectively capitalise on growth opportunities, forge international partnerships, and expand their operations with our tailor-made business banking solutions specially crafted for the corporations’ specific needs. With this, we hope to be a driving force in enhancing the investment landscape in Malaysia, as we collectively work towards creating a dynamic economic environment that promises mutual benefit.”

HLB has a proud track record of facilitating cross border business expansion, with a prime example being the collaboration between Hong Leong Bank Cambodia and the SME Association of Malaysia, establishing a platform for business matching, networking, and knowledge sharing between SMEs in Malaysia and Cambodia. Moreover, HLB is also strongly committed to supporting SMEs, with the Bank recognising its SME segment as a key growth segment moving forward. In fact, one of the Bank’s most successful partnerships is with the Malaysia Motorcycle & Scooter Dealers Association (“MMSDA”), which offered up to RM5 million in clean working capital financing for auto loan packages and digital business solutions, supporting more than 200 dealers since its inception.

HLB formalised this collaboration with MIDA through the signing of a Memorandum of Understanding (MOU), signifying the establishment of a mutually beneficial strategic alliance of continuous engagement and business between the two parties.

MIDA also launched their novel coffee table book “Stepping Stones: MIDA’s Journey” to the public at the ceremony to commemorate the occasion as well. MIDA’s coffee table book celebrates the past achievements and resilience of MIDA and stands as beacons of progress, symbolising a future where Malaysia continues to thrive as a competitive, dynamic investment destination. Through unity, strategic partnerships, and a shared vision, the path ahead is paved with endless possibilities for growth, development, and prosperity for Malaysia and its people.

                                                               *****

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 Hong Leong Bank

Please visit  www.hlb.com.my

For more information, please contact: 

MIDA

Ms. Fatmah Ahmad

Director of Corporate Communications Division

T: 03-2267 2428

E: [email protected]

Hong Leong Bank Berhad

Ms. Vivian Tan

Corporate Communication & CSR

T: +6032081 8888 Extn 61914

E: [email protected]

Mr. Derrick Pang

Corporate Communication

E: [email protected]

Hong Leong Bank Forms Strategic Alliance with MIDA, Ensuring Malaysia Remains an Investment Destination Of Choice

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

NUSAJAYA, 29 APRIL 2022 – GDS Holdings Ltd, a leading developer and operator of high-performance data centres in China, is pleased to announce the start of construction of its hyperscale data centre campus in Nusajaya, Johor.

The development of this project is supported by the Digital Investments Office (DIO), a collaborative platform between Malaysia Digital Economy Corporation (MDEC) and Malaysian Investment Development Authority (MIDA).

In line with the DIO’s role to ease investors’ journey in Malaysia by combining MIDA’s global presence and MDEC’s subject matter expertise in the digital economy ecosystem, the DIO has been working closely with GDS Holdings to facilitate its Request for Information (RFI) during the planning phase of the project, as well as providing support to ensure smooth implementation of the overall project in Malaysia.

Ms. Lim Bee Vian, Deputy Chief Executive Officer (DCEO), Investment Development, MIDA, commended the company’s investment into the country.

“Malaysia is honoured to host GDS data centres in the country. Data centres are a key infrastructure enabler to transform Malaysia towards an advanced digital nation, paving the way for modern businesses. MIDA, through the Digital Investment Office will continue our efforts in transforming new and existing economic clusters and facilitating strategic investment partners like GDS Holdings, as digital enablers to create high income jobs and encourage digital upskilling of the local workforce and businesses,” she said. 

According to Mahadhir Aziz, CEO of MDEC, GDS Holdings’ presence in Malaysia and the construction of the hyperscale data centre will have a great positive effect towards the development of Malaysia’s digital economy.

“The new centre signifies Malaysia’s competitive advantage in attracting data centre investments, in line with our aspirations under the Malaysia Digital initiative. It also brings with it the world-class infrastructure capabilities that will further strengthen Malaysia as the digital hub of ASEAN,” said Mahadhir.

“I would also like to express my gratitude to Invest Johor and the Johor State Economic Planning Division (BPENJ) for their support and assistance for this project. Building a thriving digital economy and infrastructure takes an entire nation – MDEC will continue driving more collaborations to further develop the country’s burgeoning data centre industry,” he added.

Meanwhile, YAB Datuk Onn Hafiz bin Ghazi, Menteri Besar of Johor, said that the project will serve as a catalyst for Johor and Malaysia to emerge as a hub for data centres, as well as stimulate the development of clusters of local public computing services companies. The data centre will also help with job creation, a key priority of the state.

“The entry of GDS and its hyperscale data centre to Johor is very welcomed and timely. We see this as a validation of our state’s attractiveness as a top international and domestic investment destination. This in turn is driven by our world-class infrastructure and lifestyle offerings, as well as the state’s enduring stability. I truly hope this will be the first of many such investments and projects here,” he added.

GDS Chairman and CEO William Huang said that Malaysia is the ideal nation for the major step of the company’s regionalisation plan, thanks to its strategic location, world-class infrastructure, and access to high-skilled, multi-cultural and multi-lingual talent.

“These factors, including Nusajaya’s proximity to Johor Bahru and Singapore, will be great for existing GDS customers looking to expand in the region. We are thankful for Malaysia’s robust ecosystem in supporting our presence here,” Huang added.

The groundbreaking ceremony that was held in Nusajaya, Johor on 24 April 2022 kickstarts Phase 1 of GDS Holdings’ hyperscale data centre campus, which is expected to be completed by 2024. This marks the beginning of the Shanghai-headquartered company’s long-term investment plan into Malaysia and Southeast Asia and includes the development of a potential Phase 2 of the Nusajaya data centre campus.

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About MIDA
MIDA is the government’s principal promotion 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 20 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, YouTube and TikTok.

About Malaysia Digital Economy Corporation Malaysia (MDEC)

Malaysia Digital Economy Corporation (MDEC) is the agency under the Ministry of Communications and Multimedia Malaysia leading the digital transformation of the economy for 25 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 the Malaysia Digital initiative, which aims to create substantial digital economic spill-over through equitable access to digital tools, knowledge, and income opportunities. 

Predicated on a new framework built upon three primary components – Agility, Flexibility, and Relevance – Malaysia Digital is set to enhance Malaysia’s value proposition to attract digital investments, firmly establishing Malaysia as the digital hub of ASEAN. 

#SayaDigital #MalaysiaDigital

To find out more about MDEC’s Digital Economy initiatives, please visit us at www.mdec.my or follow us on: Facebook: https://www.facebook.com/MyMDEC/ Twitter: @mymdec

For media enquiries, kindly contact:

MIDA

Ms. Rosedalina Ramlan

Director, Business Services and Regional Operations Division

Email: [email protected]

DL: +603-2267 3515

MDEC

Mr. Simon Yap

Email: [email protected]

Ms. Hazel Hassan

Email: [email protected]

GDS Holdings ‘Breaks Ground’ On Hyperscale Data Centre Campus In Johor, Malaysia