Dear InvestMalaysia Users,

We are conducting scheduled system maintenance from 28th February 2025 (Friday) 6:00 PM to 3rd March 2025 (Monday) 8:00 AM to provide you with better services.

During this time, you will not be able to log in or access InvestMalaysia System (https://investmalaysia.mida.gov.my).

Sorry for the inconvenience & thank you for your continued support.

Notice of InvestMalaysia System Maintenance

• In 2024, Malaysia attracted RM378.5 billion of approved investments in services (RM252.7 billion), manufacturing (RM120.5 billion), and primary (RM5.3 billion) sectors. This is a 14.9% increase as compared to RM329.5 billion approved investments in 2023.
• Domestic Investments (DI) accounted for a substantial 55.0% or RM208.1 billion of the total approved investments, while Foreign Investments (FI)* contributed 45.0% or RM170.4 billion.
• Leading these approvals, the services sector commands a significant share of RM252.7 billion or 66.8% of the total approved investments. This is a 50.1% increase as compared to RM168.4 billion approved investments last year.
• Manufacturing sector recorded RM120.5 billion,represented 31.8% of the total approved investments, while the primary sector accounted for RM5.3 billion of the total approved investments.
• Top five (5) sources of FI* was led by The United States of America (USA) (RM32.8 billion), Germany (RM32.2 billion), The People’s Republic of China (PRC)(RM28.2 billion), Singapore (RM27.3 billion) and Hong Kong SAR (RM7.4 billion).
• Five (5) states that have recorded highest approved investments include Selangor (RM101.1 billion), Wilayah Persekutuan Kuala Lumpur (RM91.5 billion), Johor (RM48.5 billion), Kedah (RM45.8 billion) and Pulau Pinang (RM32.0 billion).
• With an impressive number of 6,700 projects approved, 207,241 new jobs will be generatedin the country. Both approval of projects and creation of new jobs increase y-o-y by 31.3% and 62.8%, respectively.

Kuala Lumpur, 25 February 2025 – Malaysia recorded a commendable milestone with RM378.5 billion in approved investments in 2024, the highest in the nation’s history, and marking a 14.9% year-on-year growth. Spanning 6,700 projects across key sectors, these investments will create more than 207,000 new jobs, reinforcing Malaysia’s position as a premier investment destination.

Despite ongoing global economic challenges, Malaysia continues to attract sizable investments, with domestic investments (DI) accounting for RM208.1 billion (55.0%) and foreign investments (FI)* contributing RM170.4 billion (45.0%). This strong performance underscores the nation’s economic resilience and ability to grow investor confidence.

Foreign investor confidence in Malaysia remains exceptionally strong, with strategic investments coming from five key nations. The United States of America leads the way with RM32.8 billion, followed by Germany (RM32.2 billion), The People’s Republic of China (RM28.2 billion), Singapore (RM27.3 billion) and Hong Kong SAR (RM7.4 billion).

YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade, and Industry (MITI), stated, “Despite global challenges, Malaysia has achieved a record high of RM378.5 billion in approved investments, the highest figure in our nation’s history. More important than these numbers is our focused execution of these approved investments to create over 207,000 better paying jobs for Malaysians, and generate real opportunities for businesses, particularly our SMEs. Each ringgit invested in innovative, sustainable and high-value industries creates a multiplier effect that strengthens our economy. MITI and MIDA remain committed to facilitating such investments, while also taking steps to enhance the resilience of our supply chains and industrial ecosystem.”

Strong Investment Momentum Across Key States

Selangor led as the top investment destination with RM101.1 billion in approved investments, followed by Wilayah Persekutuan Kuala Lumpur (RM91.5 billion), Johor (RM48.5 billion), Kedah (RM45.8 billion) and Pulau Pinang (RM32.0 billion). Together, these five states attracted RM318.9 billion, accounting for 84.3% of the total approved investments in 2024.

In addition to these leading states, transformative investment projects are also taking place across Malaysia, particularly in high-impact industries. Notable projects include the RM739.3 million E Concern (Borneo)’s Scheduled Waste Management Hub in Sabah and OCI TerraSus’ RM799.8 million expansion in Sarawak for its Caustic Soda production facility, both of which will contribute to Malaysia’s sustainable industrial development.

SERVICES SECTOR LEADS WITH RM252.7 BILLION IN APPROVED INVESTMENTS

The services sector continues to be a key driver of Malaysia’s economic expansion, securing RM252.7 billion in approved investments, which accounts for 66.8% of total approvals. These investments are set to generate 119,083 new jobs, further reinforcing the sector’s leading role as the backbone of Malaysia’s economy.

A significant portion of the services sector’s investment comes from domestic sources, amounting to RM171.1 billion or 67.9%, with foreign investment contributing the remaining 32.1% or RM81.0 billion. This mix underscores the sector’s appeal to both local and international investors.

Digital Transformation and Technology Investments Lead the Way

The information and communication ¹sub-sector spearheaded the sector’s growth, attracting RM136.0 billion, which represents 53.8% of total service sector investments. These investments reflect the country’s rapid adoption of digital technologies across industries such as agriculture, healthcare, finance, tourism, and Islamic Digital Economy.

Major projects driving this success include:

1. STT GDC Malaysia 2 Sdn. Bhd.
   Locations: Johor
   Overview: A global leader in data center solutions, STT GDC is expanding its presence in Malaysia to meet the rising demand for digital infrastructure. This investment reinforces Malaysia’s position as a high-value technology investment hub and supports the nation’s digital economy agenda.

The services sector’s comprehensive growth is further evidenced by strong performance across multiple segment of sub-sectors:

• Real Estate: RM64.5 billion
• Support Services²: RM12.9 billion
• Utilities³: RM11.1 billion
• Transport Services⁴: RM8.5 billion

Sustainability and Green Investment Take Center Stage

Malaysia remains at the forefront of sustainable industrial development, with green technology integration playing a pivotal role in shaping the nation’s future.

One such initiative is NUR Renewables’ RM250.0 million solar farm in Kulim, which merges clean energy solutions with Industry 4.0 technology. This project sets new benchmarks for sustainable industrial practices by incorporating advanced digital systems to optimise energy efficiency and enhance renewable energy adoption.

Further strengthening Malaysia’s logistics and supply chain ecosystem, Singapore-based YCH Group is investing RM500.0 million in Supply Chain City Malaysia in Bukit Raja, Selangor. This strategic development leverages Malaysia’s robust infrastructure and prime location to enhance the nation’s standing as a regional logistics powerhouse.

The Malaysian Government’s commitment to green growth is evident through progressive policies, including:

• The Sustainable Development of Data Centre Guidelines, ensuring environmentally responsible expansion in the digital sector.
• The Green Investment Strategy (GIS), aimed at attracting and facilitating investments in sustainable industries.
• The Corporate Renewable Energy Supply Scheme (CRESS), designed to accelerate renewable energy adoption and position Malaysia as a leader in the global green economy.

With these bold and forward-thinking initiatives, Malaysia is well-positioned to capitalise on emerging opportunities in the green economy while fostering long-term economic resilience and environmental sustainability.

MANUFACTURING SECTOR SECURES RM120.5 BILLION

Beyond the services sector, Malaysia’s manufacturing sector continues to demonstrate strength and resilience, securing RM120.5 billion in approved investments, accounting for 31.8% of total approved investments in 2024. These investments are spread across 1,108 projects and are set to generate close to 88,000 new jobs, of which 82.2% (72,116 jobs) are specifically for Malaysians.

Foreign investments (FI) were the dominant contributor, totaling RM88.9 billion (73.8%), while domestic investments (DI) remained substantial at RM31.6 billion (26.2%). This strong inflow of foreign capital underscores Malaysia’s appeal as a premier global manufacturing hub.

Encouragingly, 41.6% of new jobs created fall into high-value roles, covering management, technical, and skilled talent positions—directly supporting the goals of the New Industrial Master Plan (NIMP) 2030, which aims to develop a highly skilled workforce for Malaysia’s evolving industrial landscape.

Electrical and Electronics (E&E) Industry Spearheads Manufacturing Growth

The E&E industry, a cornerstone of Malaysia’s manufacturing prowess, secured the lion’s share of investments with RM55.8 billion, representing 46.3% of the sector’s total, affirming Malaysia’s role in the global technology supply chain. The growing demand for electronics is fueled by Industry 4.0, which integrates digital technologies into industries, and a focus on sustainability, exemplified by the advancements in artificial intelligence (AI), big data, cloud computing, e-commerce, e-mobility, green technology, and financial technology (Fintech).

Other industries contributing to the manufacturing sector’s growth include:

a) Transport Equipment – RM15.8 billion

b) Chemicals and Chemical Products – RM10.6 billion

c) Machinery and Equipment (M&E) – RM10.6 billion

d) Food Manufacturing – RM6.1 billion

The strategic expansion of Malaysia’s semiconductor ecosystem, renewable energy-driven manufacturing, and high-tech industrial production underscores the nation’s commitment to developing an innovation-driven, sustainable, and globally competitive industrial base.

Key High-Impact Manufacturing Investments

Several multinational corporations are making significant investments in Malaysia’s high-tech and high-impact industries, further enhancing the country’s manufacturing landscape:

1. EVE Energy Malaysia Sdn. Bhd.
   Investment: RM6.8 billion
   Industry: Lithium Battery Manufacturing
   Overview: China-based EVE Energy Co., Ltd. is expanding its cylindrical battery production base in Malaysia to support the EV industry, power tools, and the broader Southeast Asian market. This project is a crucial step in strengthening Malaysia’s EV supply chain.
   
2. MKS Instruments Malaysia Sdn. Bhd.
   Investment: RM2.2 billion
   Industry: Semiconductor and Industrial Applications
   Overview: A subsidiary of MKS Instruments Inc., this supercenter factory in Penang will support global wafer fabrication equipment production. The facility integrates advanced automation and sustainable technology solutions to enhance semiconductor manufacturing while reducing environmental impact.
   
3. F&N Agrivalley
   Investment: RM1.7 billion
   Industry: Food and Dairy Manufacturing
   Overview: Fraser & Neave Holdings Bhd (F&NHB) is making a major move into the upstream fresh milk business with an integrated dairy farm in Gemas, Negeri Sembilan. This project marks a significant step toward establishing F&NHB as one of Malaysia’s largest milk producers.
   
4. Chery Corporate Malaysia Sdn. Bhd. 
   Investment: RM1.4 billion
   Industry: Energy-Efficient and Electric Vehicles (EEVs)
   Overview: China-based Chery has established an assembly plant in Shah Alam, Selangor, aimed at producing energy-efficient and electric passenger vehicles. This initiative is expected to drive innovation in the EV industry and generate substantial spillover effects within the local supply chain.
   
5. Plexus Manufacturing Sdn. Bhd 
   Investment: RM1.04 billion
   Industry: Semiconductor and Healthcare Technology
   Overview: This sixth manufacturing facility in Penang will support the company’s Semiconductor Capital Equipment and Healthcare & Life Sciences operations. It aligns with the NIMP 2030’s vision and is expected to create 1,800 high-skilled jobs.
   
6. Dominant Opto Technologies Sdn. Bhd.
   Investment: RM1.0 billion
   Industry: Automotive LED Manufacturing
   Overview: A leading automotive Surface Mount Technology (SMT) LED manufacturer, Dominant Opto Technologies is making significant contributions to the global automotive sector. The company employs energy-efficient manufacturing processes and develops eco-friendly LEDs to reduce carbon emissions in automotive lighting solutions.

PRIMARY SECTOR DEMONSTRATES OPPORTUNITY

The primary sector registered approved investments of RM5.3 billion, constituting 1.4% of the total approvals. Driven by 67 projects, it anticipates creating 463 new jobs, with a focus on mining (RM4.5 billion), agriculture (RM766.8 million) and plantation and commodities (RM71.6 million).

Continued Focus on Quality and Sustainable Investments Attraction

Malaysia’s investment landscape continues to shine with strong investment pipelines and high-potential projects, reinforcing its position as a top investment destination. As of 31 January 2025, MIDA is overseeing a robust pipeline of 1,049 projects with proposed investments totaling RM58.8 billion.

●       The services sector leads with 995 projects valued at RM31.8 billion.

●       The manufacturing sector follows closely, with 54 projects worth RM27.0 billion.

Additionally, RM63.5 billion in high-potential investment leads are currently being actively negotiated by MIDA, reflecting strong investor confidence in Malaysia’s economic fundamentals.

Implementation of Approved Manufacturing Projects

Malaysia’s success in attracting investments is not just about approvals but also effective implementation. Strategic initiatives such as the National Investment Council, the Investment and Trade Coordination Action Committee, and the Invest Malaysia Facilitation Centre have assumed a pivotal role in creating a conducive investment environment.

MITI and MIDA have worked tirelessly to engage stakeholders at both federal and state levels, ensuring the successful facilitation and execution of investment projects.

Between 2021 and December 2024, the National Committee on Investment approved 3,494 manufacturing projects, of which:

• 84.5% (2,950 projects) have reached various implementation stages, ranging from production to factory construction and machinery installation.
• 13.0% are in the planning phase, focusing on site selection and consultations with developers.
• Only 2.5% of projects were abandoned, highlighting Malaysia’s strong project realisation rate.

Annual data shows that:

• More than 90% of approved manufacturing projects in 2021 and 2022 have been implemented.
• While, 88.7% of projects approved in 2023 and 67.8% of projects approved in 2024 have entered implementation phases—a positive trajectory considering that manufacturing projects typically require 18 to 24 months for completion, depending on their complexity.

 Strengthening Malaysia’s Investment Ecosystem

The Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, lauds the achievement of such a significant milestone, stating, “Our focus remains on attracting high-quality, strategic investments that align with national priorities. Through proactive investor engagement, end-to-end support, and fostering strong public-private partnerships, MIDA and MITI continues to drive industrial transformation, accelerate the adoption of advanced technologies, and champion sustainable practices. To remain competitive and resilient, Malaysia must transform the key sectors—particularly manufacturing and services—by moving up the value chain through a whole-of-government approach.”

MIDA continues to drive the country’s investment promotion by centralising investment promotion and marketing efforts across Investment Promotion Agencies (IPAs) and Regional Economic Corridors. This initiative, guided by MITI, enhances Malaysia’s global visibility while eliminating redundancies, improving service efficiency and investors’ confusion.

By streamlining investment efforts and ensuring stronger coordination at regional and national levels, Malaysia aims to further increase implementation rates and create a seamless investment experience for investors. This approach underscores the nation’s dedication to providing investors with a structured, efficient, and high-quality investment ecosystem.

A Future Built on Resilience, Innovation, and Economic Prosperity

Malaysia’s transformative investment journey represents a bold step towards a resilient, innovative, and prosperous future. With a strong policy framework, proactive facilitation, and unwavering investor confidence, Malaysia is poised to strengthen its global standing as a premier investment destination.

*Note: Compilation of foreign investments is based on ultimate investing country.

¹Information and communication comprise of Telecommunications, MSC Status/MD Status and ICT Services
²Support Services comprise of R&D, Logistics Services, Green Technology, Design Services, Professional Services and Other Support Services
³Support Services comprise of R&D, Logistics Services, Green Technology, Design Services, Professional Services and Other Support Services
⁴Transport Services comprise of Maritime, Aviation and Road

***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 channel.

For media enquiries please contact:
Ms. Fatmah Ahmad
Director of Corporate Communications Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 2428

Malaysia Records Historic High RM378.5 Billion in Investments, with 14.9% Y-O-Y Growth, Generating More Than 207,000 Jobs in 2024

MIDA, Perlis State Government, and NCIA Collaborate to Attract Strategic Investments

Kuala Lumpur, 20 February 2025 – Malaysia’s northernmost state Perlis took center stage today as a promising investment destination during the MIDA Invest Series. The Malaysian Investment Development Authority (MIDA), Perlis State Government, and Northern Corridor Implementation Authority (NCIA) jointly hosted the landmark event at MIDA Sentral, drawing 200 attendees from both local and foreign investors, as well as industry players.

The event opened with a welcome address by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, followed by a keynote speech from YAB Tuan Mohd Shukri Ramli, Chief Minister of Perlis. YB Tuan Liew Chin Tong, Deputy Minister of Investment, Trade, and Industry (MITI), was also present, reaffirming the federal government’s commitment to Perlis’s growth as one of the investment hubs in the Northern region.

The event featured industry leaders, investors, and key stakeholders engaging in discussions on emerging investment trends, infrastructure development, and strategic partnerships that will drive Perlis’s economic transformation.

YAB Tuan Mohd Shukri Ramli, Chief Minister of Perlis in his address, said “MIDA Invest Series Perlis provides an excellent opportunity for investors to explore Perlis, obtain pertinent information, and engage with federal and state government officials for consultation sessions on project implementations.  I welcome (investors) to optimise your time in this event to meet and discuss your projects with State Government officials and MIDA officials, as well as the relevant local authorities and technical agencies.”

YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry, highlighted Perlis’s potential to achieve economic growth role as Malaysia gears towards a second takeoff.

“As one of the northern region states in Peninsular Malaysia, Perlis holds immense border trade and business potentials. Perlis also stands a great chance of benefiting from the economic spillover from neighbouring Kedah and Penang states. I see positive developments in the implementation of these projects and we hope that they will become new engines of growth for Perlis once completed.”

He further added, “As we move forward, guided by the New Industrial Master Plan 2030, National Energy Transition Roadmap and the Green Investment Strategy, I believe it is crucial for us to build on this momentum and leverage Perlis’s strengths to drive growth and development across Malaysia.”

Echoing this sentiment, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised MIDA’s support in driving investment into Perlis, “We are stepping into 2025 with a clear and ambitious agenda. Perlis is moving forward with a clear strategy—leveraging its location, business-friendly policies, and growing infrastructure to attract industries that want to expand and innovate. At MIDA, we always strive to do our best to facilitate investment across Malaysia, and Perlis is no exception. Our dedication is reflected in action.”

Mohamad Haris Kader Sultan, Chief Executive of Northern Corridor Implementation Authority (NCIA), Northern Corridor Economic Region (NCER) plays a crucial role in harnessing Perlis’s investment potential and boosting socio-economic growth. Strategic projects like the Chuping Valley Industrial Area (CVIA) and Perlis Inland Port (PIP) enhance Perlis’s status as a key trade gateway. These initiatives create high-value jobs, promote industrial innovation, and attract global investments. By enhancing infrastructure, building strategic partnerships, and advancing talent development, NCER is committed to transforming Perlis into a dynamic investment hub, improving livelihoods, and ensuring sustainable economic progress.

A Growing Investment Hub in the North

Perlis is set for significant industrial expansion, supported by key initiatives such as the Chuping Valley Industrial Area (CVIA) and the Perlis Inland Port (PIP). As part of the Northern Corridor Economic Region (NCER), Perlis serves as a critical gateway for trade and commerce, particularly in logistics, advanced manufacturing, and technology-driven industries.

Building Strategic Partnerships

A key highlight of the event was the exchange of a Memorandum of Understanding (MoU) between Mutiara Perlis Sdn. Bhd. and Bina Darulaman Berhad, as well as the exchange of Memorandum of Collaboration (MoC) between Mutiara Perlis Sdn. Bhd. and MAERSK Logistics & Services Malaysia Sdn. Bhd. These strategic collaborations aim to enhance logistics efficiency, infrastructure development, and international trade connectivity, reinforcing Perlis’s position as a logistics hub in the region.

Talent Development

Beyond infrastructure, Perlis is a center for talent development, supporting the growing demand for engineering and technical expertise in northern Malaysia’s manufacturing hubs. The designation of Pauh, Perlis as ‘Bandar Ilmu’—home to Universiti Malaysia Perlis (UniMAP), a key institution within the Malaysian Technical University Network (MTUN)—underscores the state’s commitment to nurturing a highly skilled workforce.

UniMAP’s collaborations with global industry players in Penang and Kulim, alongside the presence of institutions such as Politeknik Tuanku Syed Sirajuddin, reinforce Perlis’s role as a training ground for future industry leaders. With ongoing infrastructure and industrial park developments, the state’s well-trained workforce is primed to support the evolving needs of its industries.

-ENDS-

About MIDA:
MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA 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 SUK PERLIS:
The State Secretary Office of Perlis is the central administrative body responsible for the governance and public administration of the state of Perlis. It acts as the primary institution that coordinates the implementation of government policies, programs, and administrative functions in the state.  For more information, please visit www.perlis.gov.my or follow us on Instagram and Facebook.

For more information, please contact:

MIDA
En. Sukri Abu Bakar
Director, Domestic Investment Division
Email: [email protected] l DL: +603-2267 3685

SUK Perlis:
En. Zuhair Jamaludin
Undersecretary, Perlis State Economic Planning Division
[email protected] | +604-9731859

Perlis Showcases Business and Investment Opportunities at MIDA Invest Series

Johor Bahru, 18 February 2025 – A new chapter in Johor’s economic development begins today with the official opening of the Invest Malaysia Facilitation Centre Johor (IMFC-J) in Forest City. The facility represents a significant milestone in streamlining investment processes for the Johor-Singapore Special Economic Zone (JS-SEZ). This pioneering center offers investors a comprehensive suite of end-to-end facilitation services, designed to simplify and accelerate investment procedures in the region.

The IMFC-J office, strategically located at Menara Delima Satu in Forest City, was inaugurated by HRH Tunku Ismail Ibni Sultan Ibrahim, Regent of Johor. The launch marks a decisive step in Johor’s transformation into a regional economic powerhouse. The center is positioned to attract and facilitate high-impact investments across diverse sectors, from advanced manufacturing to digital technology and sustainable development.

“Since the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) in January 2025, Johor has made significant progress in turning this vision into reality. Today, we take another bold step forward, through the combined efforts of both the Federal and Johor state governments, we are proud to fulfill one of the key deliverables of the JS-SEZ initiative—the opening of the IMFC-J office. This is a pivotal step in enhancing our investment landscape. The IMFC-J will serve as a dedicated platform to streamline investment processes, attract global investors, and foster economic growth. This initiative is aligned with our vision to establish Johor as a leading hub for business, innovation, and job creation. With this momentum, we are confident that Johor will continue on its path towards becoming a prosperous, dynamic, and thriving state,” said Yang Amat Berhormat Dato’ Onn Hafiz bin Ghazi, Menteri Besar Johor.

Yang Berhormat Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), underscored the center’s transformative potential. “The launch of IMFC-J in Forest City marks a significant step towards seamless investment facilitation in the JS-SEZ,” he remarked. “IMFC and TRACK established by MIDA have successfully streamlined project implementation, with over 86.5% of projects approved in 2023 are already operational, while more than 63% of those approved in January-September 2024 have been implemented. In short, we are creating an environment where every investment that comes to Malaysia is set up for success.”

Meanwhile, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “As Malaysia’s Principal Investment Promotion Agency, MIDA is committed to prioritising the ease-of-doing business for our investors. Through close collaboration with federal and Johor state agencies, we aim to streamline processes, enhance support services, and create an environment that fosters growth and innovation. Our collective goal is to firmly position JS-SEZ as one of the premier investment destinations in the region, attracting high-value investments and driving sustainable economic development.”

According to Yang Berhormat Dato’ Haji Mohd. Noorazam bin Haji Dato’ Osman, Chief Executive of IRDA, “Building on our strong track record of successfully realizing investments in Iskandar Malaysia, we are prepared to address even the most complex challenges at every stage of the investment journey—starting as early as the planning and development phase of infrastructure needed by higher growth and higher value investor. At IRDA, our commitment to IMFC-J is unwavering. We work hand-in-hand with Federal and Johor state agencies, alongside our private sector partners, to deliver seamless support, customized solutions, and strategic guidance for investors. From the initial concept to the final execution, we are dedicated to ensuring your projects thrive.”

“At Invest Johor, we recognize that speed, efficiency, and investor confidence are critical in today’s competitive investment landscape. As a key partner in IMFC-J, we ensure investors a seamless experience from initial inquiry to full operations, leveraging our deep understanding of Johor’s economy, policies, and ecosystem to provide strategic insights, tailored solutions, and on-the-ground support to accelerate their investment journey.

We are committed to making Johor the premier investment destination, and through IMFC-J, we are strengthening Johor’s position as a key economic gateway within the JS-SEZ. We look forward to welcoming investors and working together to shape Johor’s future as a dynamic and sustainable business hub”, says Tuan Haji Natazha bin Harris, Chief Executive Officer of Invest Johor.

IMFC-J is jointly led and operated by representatives from Malaysian Investment Development Authority (MIDA), Iskandar Regional Development Authority (IRDA), and Invest Johor (IJ), to ensure that investors’ investment needs are taken care of through one platform, reducing bureaucracy, without having to deal with various agencies and departments at different locations. This way, IMFC-J will be able to expedite the facilitation turn-around time, promoting the realisation of investments seamlessly and effectively.

IMFC-J’s office is located at 01-05 & 01-06, Menara Delima Satu, Jalan Forest City 1, Pulau Satu, Forest City, 81550 Gelang Patah, Johor Bahru, Johor. The centre can be reached through its website – www.imfc-j.com.my – or email – [email protected].

-ENDS-

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

About IRDA
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (IRDA)

Iskandar Regional Development Authority (IRDA) is a Malaysian Federal Government statutory body tasked as the main coordinating agency between stakeholders in the public and private sectors for planning, facilitating and positioning the development of Iskandar Malaysia into a strong and sustainable metropolis of international standing.

IRDA complements the Malaysian Investment Development Authority (MIDA) and Invest Johor by playing an important facilitation role in ensuring that incoming investments can be realised quickly and smoothly in Iskandar Malaysia through the Invest Malaysia Facilitation Centre Johor (IMFC-J). IRDA also advises and facilitates the implementation of social and environmental initiatives by investors and other stakeholders in Iskandar Malaysia.

IRDA is currently under the purview of the Ministry of Economy with its Members of Authority (MoA) co-chaired by the Prime Minister of Malaysia and the Chief Minister of Johor.

About Invest Johor
Invest Johor serves as the dedicated investment promotion agency for the state of Johor, Malaysia. Committed to driving economic growth and attracting strategic investments, Invest Johor plays a pivotal role in positioning Johor as a premier destination for global investors.

With its comprehensive support services, the agency facilitates seamless investment processes, offering advisory and consultation to businesses across diverse industries. Its efforts are bolstered by Johor’s strategic location, world-class infrastructure, and thriving sectors such as manufacturing, logistics, technology, and renewable energy.

Invest Johor works hand-in-hand with stakeholders to create a business-friendly ecosystem, ensuring investors benefit from the state’s competitive advantages, government incentives, and skilled workforce. As the gateway to opportunities in Johor, the agency is dedicated to fostering partnerships that drive innovation, sustainability, and economic progress for the state

Media Enquiries:

MIDA
En. Mohamad Reduan bin Mohd Zabri 
Director, MIDA Johor
Email:  [email protected] DL: +607 2245 500

IMFC-J to Drive Realisation of Investments Into JS-SEZ, Streamlining Facilitation Processes for Investors

• Advanced Semiconductor Engineering, Inc. (ASE, a member of ASE Technology Holding Co., Ltd. TAIEX: 3711, NYSE: ASX) today officially launched its fifth plant in Penang, Malaysia.
• The new plant will see improved manufacturing capabilities for advanced packaging technologies, and comes at a time when next-gen use technologies such as GenAI are increasingly in demand.

BAYAN LEPAS, Malaysia, 18 February 2025 – ASE has officially launched its fifth plant in Penang, which will significantly build on the company’s strong packaging and testing capabilities in the Bayan Lepas Free Industrial Zone. The new plant is part of a strategic expansion plan that will expand the floor space of ASE’s Malaysia facility from its current area of 1 million square feet to approximately 3.4 million square feet.

Today’s launch ushers in a new era of smart manufacturing for ASE in Malaysia. Over the years, the Malaysia site has been upgrading its manufacturing operations by integrating Industry 4.0 technology and factory automation solutions. From the detection of abnormalities using AI, to improving yield and optimizing production processes through data analysis, the new plant harnesses the power of Artificial Intelligence of Things (AIoT) to enhance productivity and efficiency on the factory floor.

Speaking at the event, Penang Deputy Chief Minister II Yang Berhormat Jagdeep Singh Deo A/L Karpal Singh mentioned, “Backed by over fifty years of industrial excellence, Penang continues to be a premier investment destination for global industrial leaders seeking to expand in Southeast Asia. The establishment of ASE’s new chip packaging and testing facility marks a significant milestone, introducing cutting-edge technological capabilities to its decades-long operations in the state. This further cements Penang’s position as a powerhouse in the global semiconductor landscape, reinforcing its reputation as the ‘Silicon Valley of the East.’”

Meanwhile, Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation of MIDA, emphasised ASE’s contribution to Malaysia’s growing technological leadership, “ASE’s continued expansion here is a testament to the long-standing partnership between Malaysia and Taiwan. To stay ahead in this ever-changing and competitive field, it’s crucial for our businesses to keep innovating and team up with key industry players. That’s why I encourage our local companies to look at opportunities to collaborate with leaders like ASE. These partnerships will not only drive demand for precision engineering, automation, and semiconductor manufacturing, but they’ll also help our homegrown leaders.”

Also in attendance was Dr. Tien Wu, CEO of ASE Inc, who hailed the facility as a critical step in strengthening ASE’s global footprint. “Southeast Asia is increasingly becoming an important base for semiconductors, given its growing digital economy propelling the demand for advanced chips and its shift towards design and chip manufacturing in recent years. With Malaysia solidifying its position as a regional semiconductor hub, we see our expanded facility playing an even greater role across the global semiconductor value chain and, contributing to the country’s economic growth. ASE remains committed to being a driving force for the development of the local and regional semiconductor industry, while continuing to meet and exceed the needs and expectations of our customers.”

With the semiconductor market on track to reach US$1 trillion in revenue in the next decade, OSAT manufacturing remains critical to the global electronics supply chain. As a leading OSAT player, ASE Malaysia has been serving major semiconductor companies since 1991. The new plant comes online at a time when advanced AI chips are increasingly required across various next-gen applications in machine learning, enterprise-led AI use cases, edge computing, electric vehicles and autonomous driving, and more. To that end, ASE is committed to investing in resources and human capital to capture more market share and extend the breadth and depth of its service offerings. The facility expansion will also have greater hiring as well as training and development needs, with an additional 1,500 employees over the next few years.

*****

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 ASE, Inc.
Advanced Semiconductor Engineering, Inc. (ASE), a member of ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711), is the leading global provider of semiconductor manufacturing services in packaging and test. Alongside a broad portfolio of established assembly and test technologies, ASE is also delivering innovative advanced packaging and system-in-package solutions to meet growth momentum across a broad range of end markets, including 5G, AI, Automotive, High-Performance Computing, and more. To learn about our advances in SiP, Fan-out, MEMS & Sensor, Flip Chip, and 2.5D, 3D & TSV technologies, all ultimately geared towards applications to improve lifestyle and efficiency, please visit: aseglobal.com or follow us on LinkedIn & X: @aseglobal.

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.

MIDA
Mohd Mazlan bin Mokhtar
Director of Electrical and Electronics Division, MIDA
T: +603-2267 6655
E: [email protected]

Media contacts:

ASE
Jennifer Yuen
E: [email protected]

Oliver Gomez
E: [email protected]

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

ASE Expands its Chip Packaging and Testing Facility to Enable Next-Gen Applications

Penang, Malaysia, 17 February 2025 – JHT Semiconductor Sdn. Bhd., a wholly-owned subsidiary of JHT Design Co., proudly announced the grand opening of its leading-edge manufacturing facility in Batu Kawan, Penang on Saturday, 15 February 2025. This significant milestone underscores the company’s unwavering commitment to delivering innovative and reliable semiconductor testing handler solutions to the global market.

The grand opening ceremony was attended by several distinguished guests including, Dato’ Sri Wong Siew Hai, President of MSIA; Mr. Muhammad Ghaddaffi bin Sardar Mohamed, Director of the Malaysian Investment Development Authority (MIDA) Penang; Ms. Ding Qiao, Penang Chinese Vice Consul General; Mr. Xue Feng Cui, Chairman of JHT Design Co., Ltd; Mr. Rick Cui, Representative of Chairman of JHT Design Co., Ltd; Mr. Hai Long Liu, Deputy Chairman cun Secretary of Head of JHT Design Co., Ltd; Mr. Morgan Chee Choon Chye, Managing Director of JHT Semiconductor Sdn Bhd.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, the Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), highlighted the significance of this milestone, stating, “The launch of JHT Semiconductor’s manufacturing facility is a significant step towards Malaysia’s goal of becoming a key player in the global semiconductor machinery ecosystem. This project aligns perfectly with the New Industrial Master Plan 2030 (NIMP 2030) and the National Semiconductor Strategy (NSS) by strengthening our role in global supply chains, advancing semiconductor engineering and enhancing research capabilities. The company’s focus on cutting-edge test handlers and the creation of high-skilled job opportunities for Malaysians reflect our commitment to driving economic growth, technological innovation, and reinforcing Malaysia’s position in the global semiconductor value chain.”

Speaking on behalf of JHT Design Co., Ltd., Mr. Rick Cui remarked, “The opening of JHT Semiconductor Sdn. Bhd. in Malaysia marks a major milestone in our global growth. Built on our founder’s vision, this expansion strengthens our commitment to innovation and excellence. Malaysia’s strategic location and strong semiconductor ecosystem make it the ideal hub for our operations. This facility will enhance our production, manufacturing, and after-sales services, ensuring better support for our clients. We look forward to driving technological advancements and fostering long-term partnerships in the semiconductor industry.”

The new Batu Kawan facility is equipped with advanced infrastructure designed to optimise production processes and ensure superior product quality. This development aligns with JHT Semiconductor’s commitment to technological excellence and enhances its diverse portfolio of high-performance IC test handlers, which includes:

• Exceed Series – A high-throughput semiconductor testing handler capable of achieving a peak unit-per-hour output of 13,500pcs at full speed, with precise temperature control for enhanced accuracy and reliability.
• Neoceed Series – Designed for superior performance, this series features a high-speed-picker mechanism and a user-friendly interface, ensuring seamless integration and precision for system-level testing.
• Summit Series – Offers unparalleled flexibility and precision, supporting up to 16 stations for parallel testing with advanced temperature control options.
• Collie Series – Tailored for engineering, reliability, and small batch production, this single station testing solution provides both functional test and system-level test handlers for diverse applications.

JHT Design Co., Ltd. was founded in 2012 by a group of engineering experts who were engaged in industrialised integrated circuit manufacturing in the early days. It is committed to promoting the development of the semiconductor industry with the core technology of high-end intelligent equipment. Since its establishment, the entity has been deeply involved in the field of integrated circuit test handlers, providing test handlers and related customised equipment for well-known semiconductor packaging and testing companies, test foundries, IDM companies, fabless companies, among others.

JHT Design Co., Ltd. aims to establish itself as a comprehensive service provider in Southeast Asia, the Asia-Pacific region, Europe, and the Americas, with a focus on being closer to the market and customers and responding more swiftly to customer needs. It boasts a strong technical team and will continue to upgrade existing products while actively developing new ones.

-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.

About JHT Semiconductor Sdn. Bhd.
JHT Semiconductor Sdn. Bhd., a subsidiary of JHT Design Co., Ltd is in Batu Kawan, Penang, Malaysia. The company specialises in integrated circuit (IC) test handlers and provides customised equipment for semiconductor companies. With a focus on aligning with market demands and swiftly responding to customer needs, JHT Semiconductor Sdn Bhd is committed to delivering efficient and professional semiconductor testing handler solutions. For more information, visit https://jhtsemiconductor.com/

For more information, please contact:

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

JHT SEMICONDUCTOR SDN BHD
Morgan Chee
Managing Director
Email: [email protected] | Tel: +60 4-2023112 | Ext: 888

JHT Semiconductor Launches State-Of-The-Art Manufacturing Facility in Penang

Kronach/Penang, February 13, 2025 – M.A.i GmbH & Co. KG, a leading German specialist for automation solutions, officially opens a new production and sales location in Penang, Malaysia. The strategic expansion marks a significant milestone in the company’s international growth strategy and strengthens its position in the burgeoning Southeast Asian market.

The cutting-edge Malaysian facility will serve as a regional hub for automation innovation and manufacturing excellence. Engineering teams at the new location will develop customised automation solutions while maintaining the high standards that have defined M.A.i since its founding in 1999. This expansion complements the company’s German headquarters while extending its global reach.

YB Jagdeep Singh Deo, Deputy Chief Minister II of Penang, stated, “With a legacy of five decades of industrialisation and a strong reputation for innovation and technological excellence, Penang offers a thriving industrial ecosystem that naturally attracts investors. Penang is honoured to be the chosen investment destination for M.A.i to expand its global presence to penetrate into the Southeast Asian market, especially at a time when automation is driving industry transformation.”

In his address, Mr. Sivasuriyamoorthy Sundara Raja, the Deputy Chief Executive Officer, Investment Promotion and Facilitation of the Malaysian Investment Development Authority (MIDA), applauded M.A.i Automation on the opening of their state-of-the-art facility in Pulau Pinang. “This milestone marks a new chapter for M.A.I. Automation and highlights Malaysia’s steady ascent in the industrial sector. The establishment of M.A.i Automation in Malaysia aligns perfectly with the aspirations outlined in the National Investment Aspirations (NIA), which aim to elevate our economic complexity, create high-value jobs, and foster inclusive growth.”

“Malaysia’s commitment to these principles positions us as a regional powerhouse for advanced manufacturing within ASEAN, ready to meet the demands of a global market that increasingly values efficiency and technological sophistication,” he further added.

“This expansion is an important step in our global strategy,” explains Mr. Stefan Woldrich and Mr. Mario Michel, CEOs of M.A.i Germany. “Our headquarters in Kronach remains the center of our innovations, strategic decisions, and production. We continuously invest in the expansion and modernisation of our German location, where further expansions are also planned. The new site in Malaysia allows us to efficiently serve the growing demand in Southeast Asia and strengthen our worldwide network. This expansion will enable us to further expand our global presence while benefiting from the strengths of all our locations.”

The choice of Penang as a location was made due to its strategic position, excellent infrastructure, and access to highly qualified professionals. The new branch will work closely with the German headquarters to leverage synergies and drive innovation.

To mark this milestone, M.A.i will celebrate the grand opening of its Penang facility, offering customers and partners an exclusive look into its cutting-edge automation solutions and future growth strategies.

-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.

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 M.A.i GmbH & Co. KG
M.A.i GmbH & Co. KG is a global provider of automation solutions in special machine construction, headquartered in Kronach, Germany. The company develops individual solutions for industries such as automotive, medical technology, electronics, and new energy. In addition to its German headquarters, which serves as the central innovation, production, and competence center, M.A.i maintains production sites in China and Mexico. With the expansion in Malaysia, the company strengthens its global presence and manufacturing capabilities in strategically important markets.

For more information, please contact:

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

InvestPenang
Elaine Cheah / Arief Ferdaus
Communications & Business Intelligence
Email: [email protected] / [email protected] | DL: +604-646 8833

M.A.i GmbH & Co. KG Headquarters
Hummendorfer Straße 74
96317 Kronach-Neuses
Germany
+49 9261 / 910 000
[email protected]
www.m-a-i.de

M.A.i Automation Technology Malaysia Sdn.Bhd.
PMT3089, Jalan Jelawat, Taman Perindustrian Seberang Jaya,
13700 Perai, Penang
Malaysia
+604 383 92 12
[email protected]
www.m-a-i.my

German Automation Giant M.A.i Launches Malaysian Hub in Strategic Asia Push

Kuala Lumpur, 12 February 2025 —The Malaysian Investment Development Authority (MIDA) and BEYOND4 Sdn. Bhd. signed a Memorandum of Understanding (MoU) today to support high-growth SMEs while strengthening the domestic talent development across Malaysia, aligning with the country’s aspiration to be a hub for digital innovation and entrepreneurial growth. This strategic partnership will focus on empowering local companies to transition to tech-driven models, fostering business expansion, and developing a skilled workforce for the future economy.

The signing ceremony at MIDA headquarters brought together MIDA CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid and BEYOND4 CEO Mr. S.T. Rubaneswaran, marking the beginning of this strategic alliance.

In his opening remarks, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised the importance of this partnership in shaping Malaysia’s innovation and business landscape. He stated, “This partnership is a direct response in providing the critical support structures required for start- ups to potentially grow into MSMEs or fill-up the technology gaps for SMEs, which then will expand beyond Malaysia and thrive in an increasingly competitive global market. MIDA has taken a proactive role in supporting SME growth—facilitating through our Domestic Investment Coordination Platform (DICP) to acquire funding, technology and research capability, as well as strengthening industry linkages to help them scale up and remain competitive.”

S.T. Rubaneswaran, CEO of BEYOND4, added, “Working together with MIDA, our target is to accelerate the growth of Malaysia’s high potential companies and to build a skilled workforce for the digital future.”

This partnership with Beyond4 is a key component of MIDA’s broader strategy to empower local companies to move-up the value chain in line with NIMP 2030. Working together, MIDA and Beyond4 will leverage resources and expertise to provide comprehensive support across several crucial areas: access to financial assistance and incentives; facilitated partnerships and collaborations with MNCs and research institutions; capacity building and skills development initiatives; infrastructure development to enhance digital connectivity; and ongoing policy advocacy and regulatory streamlining.

Additionally, this partnership will help to improve access to international markets, creating new opportunities for businesses and entrepreneurs alike. Most importantly, this initiative will lead to the creation of high-value jobs for locals, empowering individuals and communities while reinforcing substantial economic impact and resilience through increased of foreign and domestic investments.

– 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 channel.

About BEYOND4
Beyond4 (B4) is dedicated to fostering and expanding ecosystems across Southeast Asia, with a focus on talent development, enterprise innovation, and startup growth. As a recognized leader in Malaysia, we have extended our presence to Singapore and established strategic partnerships in India, the United Kingdom, France, Thailand, Hong Kong, Taiwan, and the Philippines.

Our unique accelerator models are tailored to help governments and enterprises address pressing challenges through innovative solutions. These models are developed within the robust partner network of the Beyond4 ecosystem and are delivered by a specialized team of experts to ensure impactful results.

We are at the forefront of establishing Malaysia and Southeast Asia as global hubs for innovation, growth, and entrepreneurship.

For more information, please contact:

MIDA
Mr. Awangku Fiarulnazri Awang Tajudin
Head of Corporate Strategy and Revenue Management
Phone: +603-2267 6682
Email: [email protected]

BEYOND4
Ms. Syarifah Syaidatul Izzati
Phone: +60179339787
Email: [email protected]

MIDA and BEYOND4 Partner to Accelerate Malaysia’s Talent Development and Enterprise Innovation Ecosystem

• In 2023, Malaysia attracted RM329.5 billion of approved investments in services (RM168.4 billion), manufacturing (RM152.0 billion), and primary (RM9.1 billion) sectors. This is a 23.0% increase as compared to RM267.7 billion approved investments last year.
• Foreign Investments (FI) accounted for a substantial 57.2% or RM188.4 billion of the total approved investments, while Domestic Investments (DI) contributed 42.8% or RM141.1 billion.
• The services sector emerged as the clear frontrunner, commanding a significant share of RM168.4 billion or 51.1% of the total approved investments. This is a 7.2% increase as compared to RM157.1 billion approved investments last year.
• The manufacturing sector, spearheading with RM152.0 billion or 46.1% of the total approved investments, witnessed an impressive growth of 80.3%, a substantial leap from the RM84.3 billion approved investments recorded last year.
• Top five (5) sources of FI¹ was led by Singapore (RM43.7 billion), The Netherlands (RM35.5 billion), The United States of America (USA) (RM21.5 billion), Cayman Islands (RM17.5 billion) and The People’s Republic of China (PRC) (RM14.5 billion).
• Five (5) states that have recorded highest approved investments include Pulau Pinang (RM71.9 billion), Wilayah Persekutuan Kuala Lumpur (RM58.3 billion), Selangor (RM55.3 billion), Johor (RM43.1 billion) and Kedah (RM28.7 billion).
• With an impressive number of 5,101 projects approved, a 12.9% increase as compared to 2022, these approved projects will generate 127,332 new jobs in the country.

Kuala Lumpur, 29 February 2024 – Amidst a backdrop of anticipated global economic challenges in 2023, including persistently high core inflation², Malaysia’s economy defied expectations with a significant surge. Achieving RM329.5 billion in approved investments across the manufacturing, services, and primary sectors, the nation’s economy not only thrived but showcased the effectiveness of its pro-business and growth-oriented policies. This remarkable performance, marked by a 23.0% increase over last year’s approved investments, reaffirms Malaysia’s position as a globally attractive investment destination.

The synergy of Foreign Investment (FI) and Domestic Investment (DI) reaching new heights exemplifies investor confidence and Malaysia’s resilience amidst a global economic landscape that, against the odds, presented pleasantly surprising outcomes. This achievement is indeed a testament to Malaysia’s strategic
maneuvering through potential economic hiccups, marking a year that, despite its challenges, started on a noteworthy of celebration.

YB Tengku Zafrul said, “These stellar results of RM329.5 billion in approved investments show that as a country with strong policies that support growth and investment prospects, Malaysia offers a huge potential for attractive returns alongside the nation’s clear vision to become a developed and inclusive economy. MITI and MIDA will continue to remain steadfast in our commitment to fostering an environment conducive to high-quality investments aimed at creating opportunities for our SMEs
and high-paying jobs for our rakyat.”

Of the remarkable RM329.5 billion in approved investments for 2023, 5,101 projects stand ready to generate 127,332 job opportunities for Malaysians, bolstering both economic growth and employment. The distribution of investments showcases a significant leaning towards FI, which represents 57.2% of the total, amounting to RM188.4 billion. DI contributed a substantial 42.8%, or RM141.1 billion, reflecting a
balanced and robust investment landscape.

The investment influx was predominantly led by five countries, with Singapore (RM43.7 billion), The Netherlands (RM35.5 billion), the United States of America (USA) (RM21.5 billion), Cayman Islands (RM17.5 billion), and the People’s Republic of China (PRC) (RM14.5 billion) together accounting for 70.4% of total FI, or RM132.7 billion. This diversification in foreign investment sources underscores Malaysia’s
global appeal and the confidence of international investors in its robust investment landscape.

Regionally, Pulau Pinang emerged as the leading beneficiary with approved investments totalling RM71.9 billion, followed closely by Wilayah Persekutuan Kuala Lumpur (RM58.3 billion), Selangor (RM55.3 billion), Johor (RM43.1 billion), and Kedah (RM28.7 billion). These five states collectively attracted RM257.3 billion, representing 78.1% of the overall approved investments in 2023. This geographic distribution of
investments not only highlights the strategic importance and economic vitality of these regions but also signifies the nationwide spread of economic development opportunities facilitated by these investments.

The Services Sector at the Forefront of Malaysia’s Investment Boom

The prominence of Malaysia’s services sector has grown steadily over time. This sector led the way in terms of approved investments, accounting for RM168.4 billion or 51.1% of the total approvals. Anticipated to generate 52,732 job opportunities from 4,143 approved projects, this reflects the sector’s attractiveness for investments.

A significant portion of the services sector’s investment comes from domestic sources, amounting to RM110.5 billion or 65.6%, with foreign investment contributing the remaining 34.4% or RM57.9 billion. This balanced mix underscores the sector’s appeal to both local and international investors.

The Information and Communications sub-sector stands out with RM63.7 billion in approved investments, leading the charge in the services sector’s growth. Other key contributors include real estate (RM61.0 billion), utilities (RM11.1 billion), distributive trade (RM11.1 billion), and support services (RM10.5 billion), each playing a vital role in the sector’s dynamism and diversity.

The year 2023 continues to showcase the attractiveness of Malaysia’s digital infrastructure investment landscape. GDS, a prominent data centre developer and operator in Asia, is establishing a hyperscale data centre campus in Johor, Malaysia, with the goal of transforming it into an AI innovation hub. This development highlights Malaysia’s rising significance in the digital economy, underscoring its strategic role as a gateway for technological advancements in Southeast Asia.

Other notable approvals in the services sector include Envico Enterprises Sdn. Bhd., aiming to become a central hub for retail expansion, and Worldwide Holdings Bhd.’s commitment to sustainable solid waste management in Jeram, Selangor, through waste-to-energy technology. These projects reflect Malaysia’s dedication to sustainable development and its position as a hub for innovation and investment in the
services sector.

The surge in investments within the services sector, particularly in digital infrastructure and sustainable projects, underscores Malaysia’s strategic direction towards a resilient and future-ready economy.

Significant Increase in Approved Investments in the Manufacturing Sector

The manufacturing sector in Malaysia attracted a total of RM152.0 billion in approved investments, accounting for 46.1% of the total approved investments across all industries. This marks a significant increase of 80.3% from RM84.3 billion recorded in 2022.

FI was a major force behind this surge, contributing RM128.5 billion or 84.5% of the total manufacturing sector investments, showcasing a striking 94.5% growth from the previous year, while DI, remained substantial at RM23.5 billion or 15.5%. This investment landscape highlights Malaysia’s capacity to attract significant foreign capital, reinforcing its status as a competitive manufacturing hub on the global stage.
The electrical and electronics (E&E) industry, a cornerstone of Malaysia’s manufacturing prowess, secured the lion’s share of investments with RM85.4 billion, representing 56.2% of the sector’s total. This nearly threefold increase from 2022, is a testament to the strategic expansion of global E&E companies in Malaysia, capitalising on the forecasted recovery in the global technology cycle and the projected 11.8% growth in global semiconductor sales by 2024³. This strategic positioning anticipates bolstering exports, especially in E&E products, affirming Malaysia’s role in the global technology supply chain.

Other industries contributing to the manufacturing sector’s growth include machinery and equipment (M&E) (RM22.6 billion), chemicals and chemical products (RM8.9 billion), non-metallic mineral products (RM8.8 billion), transport equipment (RM7.1 billion), and plastic products (RM4.1 billion). These industries collectively underscore the manufacturing sector’s diversification and its capacity for high-value production.

The surge in manufacturing investments is poised to create 73,939 job opportunities, with a significant emphasis on high-impact roles in management, professional/technical, supervisory, and skilled worker categories (MTS) amounting to 30,407 jobs, of which 91.7% are expected to be filled by Malaysians. The E&E, M&E, and non-metallic mineral products sectors are anticipated to offer the highest number of MTS positions, aligning with the Government’s commitment to generating high-quality, high-paying employment for the Rakyat.

A noteworthy aspect of 2023’s investment influx is the remarkable increase in the capital investment per employee (CIPE) value to RM2.1 million, up by 85.6% from 2022, propelled by the adoption of advanced automation technologies. This shift not only enhances companies’ production capabilities but also elevates Malaysia’s competitive edge in producing sophisticated products, laying a resilient foundation for sustained national competitiveness.

Highlighting the manufacturing sector’s evolution are significant projects by multinational corporations venturing into high-impact and high-technology industries, such as:

1. INV New Material Technology (M) Sdn. Bhd. – The upcoming factory in Penang Technology Park will mark the company’s pioneering establishment of a battery separator facility within the ASEAN region. The project’s total investment of RM3.2 billion for its first phase will create 2,032 local job opportunities with 32.6% of it at the managerial, technical and supervisory levels. This project will elevate Malaysia as a regional hub for the EV supply chain, further solidifying the country’s EV industry ecosystem.
   
2. EVE – EVE Energy Co., Ltd. (EVE), a China-based lithium battery production company, through its subsidiary EVE Energy Malaysia Sdn. Bhd. has set to build a cylindrical battery production base in Malaysia, with a substantial investment of RM1.924 billion. This project is set to support the electric two-wheelers and power tools manufacturing enterprises in the country and across Asia. The phased construction of the project, slated to be completed within three (3) years, marks a significant milestone for EVE, enhancing its overall competitiveness in the global market for electric two-wheelers and power tools.
   
3. OCIKUMHO Sdn. Bhd. – a joint venture between OCIM Sdn. Bhd. and South Korea-based Kumho P&B Chemical Inc. is set to produce epichlorohydrin in Sarawak. With a total investment of RM1.1 billion, creating high-value job opportunities with 36.1% in the managerial, technical and supervisory category. The manufacturing of ECH in Malaysia will strengthen the value chain of epoxy manufacturing, contributing towards Malaysia’s aspiration to enhance industrial integration and linkages ultimately increasing the competitiveness of the chemical industry in Malaysia. This project also complements Malaysia’s Chemical Industry Roadmap 2030 (CIR2030) emphasises enhancing industry integration and increasing value-added from building blocks in a sustainable way.
   
4. Benchmark Electronics (M) Sdn. Bhd. – In a strategic move towards further technological excellence in Malaysia, Benchmark has embarked on an ambitious expansion project worth RM802.7 million. The focus lies on high-tech front-end semiconductor machinery and equipment, particularly in areas such as lithography systems and plasma etcher systems. This move aligns with the company’s commitment to staying ahead in the fast-paced world of semiconductor technology.
   
5. Infinecs Systems Sdn. Bhd. – Infinecs is spearheading technological advancements in IC Design and Development services through substantial expansion of investment totalling RM47.15 million. With a workforce of 80 employees in Malaysia, predominantly consisting of 88% Malaysians, the company demonstrates a commitment to empowering the local talent pool. Notably, 70% of employees earn above RM5,000 and within the high-income category, 90% are skilled local workers, showcasing Infinecs’ dedication to providing knowledge-based job opportunities for Malaysian engineers.
   
6. X-Fab Sarawak Sdn. Bhd. – X-FAB’s significant presence for 18 years in  Kuching, Sarawak, Malaysia since its establishment in 2006 has contributed to the economic development and technological advancement of the region. And just last year the company continued to grow its capacity and presence in Sarawak with a significant expansion project offering 280 new job opportunities for our locals. The presence of X-FAB in Sarawak has been a source of pride for the local community, fostering technological growth in the area.
   
7. Sandvik Equipment Sdn. Bhd. – Sandvik Mining and Rock Solutions is a global leading supplier of equipment and tools, parts, service, digital solutions and sustainability-driving technologies. The company has been a pioneering force in mine electrification, leading innovation in electric equipment for more than 40 years. Sandvik Mining and Rock Solutions has chosen Malaysia as one of its global manufacturing facilities to produce battery-electric and conventional underground mining loaders and battery packs for underground mining equipment. This project marks a significant milestone as the first of its kind in Malaysia. In alignment with the country’s commitment to reducing carbon emissions, particularly in the mining and infrastructure sectors, Sandvik provides a sustainable solution to support this initiative.

Primary Sector Reflects Positive Opportunities

The primary sector registered approved investments of RM9.1 billion, constituting 2.8% of the total approvals. Driven by 75 projects, it anticipates creating 661 new jobs, with a focus on mining (RM8.8 billion), and plantation and commodities (RM0.3 billion).

Doubling Efforts for Quality Investments

Malaysia’s investment landscape presents bright prospects with a pipeline of proposed investments and lead projects overseen by MIDA. To date, MIDA’s pipeline boasts 1,710 projects, with proposed investments reaching RM87.8 billion. Of these proposed investments, a total of 1,648 projects are from the selected services sector (RM52.7 billion), while 62 projects are from the manufacturing sector (RM35.1 billion), all of which fall under MIDA’s purview. Additionally, a total amount of RM88.82 billion in high-potential investment leads are actively being negotiated by MIDA.

Realising Approved Manufacturing Projects

In the journey towards elevating Malaysia’s investment landscape, strategic initiatives and policies have paved the way for success. Key initiatives include the establishment of the National Investment Council; the Investment and Trade Coordination Action Committee; and the Invest Malaysia Facilitation Centre. These platforms stand as a testament to the nation’s commitment to fostering a conducive environment for investments.

MITI and MIDA have showcased exemplary dedication in engaging with stakeholders at both federal and state levels, significantly contributing to the facilitation and realisation of approved investment projects. Between 2021 and 2023, the National Committee on Investment has been instrumental in approving 2,386 manufacturing projects. Remarkably, 74.0% of these projects are already in various stages of implementation, ranging from production to factory construction and machinery installations. An additional 24.7% are in the planning phase, focusing on initial steps such as site selection and consultations with developers and consultants, while a minimal 1.0% are pending initiation, and another 0.3% have been abandoned. Annual project implementation performance observations show that more than 85% of approved manufacturing projects in 2021 and 2022 have been implemented. Notably, 50.1% of projects approved in 2023 have also commenced implementation—a positive trend, given that the completion timeline for manufacturing projects typically spans 18 to 24 months, subject to every project’s complexity.

The Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman, expresses immense pride in achieving a significant milestone, stating, “With a record-breaking investment of RM329.5 billion, Malaysia showcases its strong commitment to high-tech, high-value sectors, aligning with our vision for a green, digital, and competitive economy. This remarkable achievement is a clear signal of global confidence in Malaysia as a top-tier investment haven in the region and a tribute to our visionary policies. At MIDA, we are dedicated to supporting our goals under the MADANI Economy Framework, driving quality job creation and economic benefits. Our focus on innovation and sustainability places Malaysia on a path to prosperity and responsible development, making it a global exemplar of progress and environmental stewardship.”

MIDA spearheads the charge towards centralising investment promotion and marketing for Investment Promotion Agencies (IPAs) and Regional Economic Corridors, a strategic move designed to refine and enhance the visibility of Malaysia. With MITI guiding the effort, this initiative promises a more coordinated and effective approach to investment attraction. By eliminating redundancies and boosting the quality of services, MIDA’s leadership is set to foster a streamlined environment. This focus on centralisation, especially within regional IPAs, aims to amplify the implementation rate, paving the way for a more conducive investment climate. This effort underscores Malaysia’s commitment to delivering a seamless and impactful investment journey, reinforcing its appeal as a premier and competitive investment locale.

This transformative journey marks not just a year of overcoming challenges but a leap into a future where Malaysia stands as a testament to resilience, innovation, and economic prosperity on the global stage.

______________________________________________________

¹ Compilation of foreign investments is based on immediate source country
² https://www.bnm.gov.my/-/monetary-policy-statement-02112023
³ https://www.wsts.org/76/103/WSTS-Semiconductor-Market-Forecast

***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 channel.

For media enquiries please contact:

Ms. Fatmah Ahmad
Director of Corporate Communications Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 2428

Malaysia Resilient Ascent – Securing Historic RM329.5 Billion in Investments, Generating Close to 130,000 Jobs in 2023

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

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

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

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

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

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

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

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

-ENDS-

About MIDA

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

About InvestPenang

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

About Greatech Technology Berhad

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

For media enquiries, please contact:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

-END-

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

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

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

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

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

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

Media Contacts:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

-ENDS-

About MIDA

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

About KL Wellness City

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

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

For media enquiries, please contact:

MIDA

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

KL Wellness City

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

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

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

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

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

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

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

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

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

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

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

END

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

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

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

For media inquiries, please contact:
MIDA
Ms. Noor Suziyanti Saad
Director of Electrical and Electronics Division
Email: [email protected]
Tel.: 03 – 2267 3575

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

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

Elna PCB Deepens Root In Penang With RM1 Billion Expansion Plan

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

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

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

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

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

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

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

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

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

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

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

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

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

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

*****

About MIDA

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

About MARii

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

For media enquiries, please contact:

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

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

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

22 February 2022, Bangi – Ministry of Environment and Water (KASA), the Malaysian Green Technology and Climate Change Corporation (MGTC), Malaysian Investment Development Authority (MIDA) and Malaysia External Trade Development Corporation (MATRADE) successfully recorded business leads worth RM4.6 billion through Memorandum of Understanding and Memorandum of Cooperation agreements from the virtual 12th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2021), held over 6 months from July to end December last year.

The overall event themed “Redefining Sustainability” focused on delivering sustainable economic and social well-being in a planet-friendly manner. The region’s largest trade event for green technologies and eco-solutions achieved commendable results, recording over 15,000 policy makers, entrepreneurs, industry experts and other delegates, from over 50 countries, who explored the 195 booths and participated in the over 144 conference sessions.

Speaking to the media during the briefing, the Minister of Environment and Water, Yang Berhormat Dato’ Sri Tuan Ibrahim Tuan Man said, “KASA is very much committed to enhancing the action of addressing climate change. This effort was disclosed in the country’s statement in conjunction with the COP 26 conference held in Glasgow, United Kingdom in November 2021.”

“In addition to delivering commendable results, the ventures signed at IGEM 2021 cover future-ready sectors such as hydrogen, electric vehicles and low carbon cities. These sectors strongly support the government’s sustainable economy agenda while also ensuring the creation of long-term employment opportunities for the Rakyat,” he added.

In line with efforts to transition to an endemic phase in the national Covid-19 mitigation strategy, the Minister also announced that IGEM 2022 will take on a hybrid format. A physical exhibition is to be held for 3 days at the Kuala Lumpur Convention Centre from 12 to 14 October. Virtual IGEM 2022 will be held one month before the physical event. IGEM 2022 has set targets of RM3 billion in business leads and 30,000 visitors. It will feature 300 exhibitor booths, both online and across three exhibition halls at the Kuala Lumpur Convention Centre. IGEM 2022 will be a key focus among stakeholders in the implementation and coordination of more effective strategies on climate change in the country.

MIDA, confirmed its participation in IGEM 2022 and will continue to play an important role to facilitate inbound investments in the manufacturing and services sectors. IGEM 2021’s virtual booth have yielded a total of 71 project leads with potential investment of RM 2.52 billion in various activities.

MIDA’s Chief Executive Officer (CEO), Datuk Arham Abdul Rahman, said, “ As IGEM’s strategic partner, MIDA is privileged to continue playing an integral role in facilitating towards the nation’s Sustainable Development Goals (SDG). IGEM fits the country’s mission to collectively pursue economic and social well-being. We are honoured to be selected as strategic investment partners in such an esteemed event. Working together with KASA on IGEM, over the years we have been able to attract strategic projects that are aligned with the Sustainable Development Goals (SDG) and Environmental, Sustainability and Good Governance (ESG) policies for Malaysia.”

“These green – technology and environmentally conscious business models are crucial in positioning Malaysia as a sustainable and ESG complaint investment destination which is a key competitive advantage for global brands,” he added.

IGEM 2021 has succeeded in acting as a catalyst through forums such as the inaugural International Hydrogen Economy Forum and Strategic Lab, ‘Visioning a Hydrogen Economy for Malaysia’ in collaboration with KASA, the Ministry of Science, Technology and Innovation (MOSTI), MGTC and Nano Malaysia. This forum explored positioning Malaysia as a regional leader in the production of green hydrogen as a source of clean energy in power production and transportation, as well as an impetus for new economic growth and new employment opportunities.

Further afield, IGEM 2021 had also featured as part of KASA’s month-long programme held at the Malaysia Pavilion in Expo 2020 Dubai, providing an opportunity to promote IGEM’s exhibitors as well as Malaysian green technology innovation and expertise to a wider global audience.

MGTC’s CEO, Shamsul Bahar Mohd Nor said, “With the success of IGEM 2021, I am confident that the upcoming IGEM will once again surface new opportunities for greater deployment of green and sustainable technologies in the regional post-Covid economic recovery, enhancing climate change
mitigation and fast-tracking the roll-out of climate change adaptation technologies and strategies as we all build back better.”

“Thank you to our exhibitors, conference partners, strategic partners and visitors for their support and hope that they will reaffirm their commitment by joining us and being a part of IGEM 2022 as we focus our collective efforts to accelerate net zero,” he added.

To explore more green technology opportunities and to register in advance, please visit www.igem.my.

– END –

About Malaysian Green Technology and Climate Change Corporation (MGTC)
Malaysian Green Technology and Climate Change Corporation (MGTC) is an agency of the Ministry of Environment and Water (KASA) mandated to drive the country in the scope of Green Growth, Climate Change Mitigation and Green Lifestyle.

Three national policies, in particular, the National Green Technology Policy (NGTP), the National Climate Change Policy (NCCP) and the Green Technology Master Plan (GTMP), regulated MGTC’s role as a catalyst for green economic growth.

MGTC’s initiatives and programs provide specific details in achieving the long -term impact of the Nationally Determined Contribution (NDC) to reduce greenhouse gas emission intensity by 45% based on Gross Domestic Product (GDP) compared to emission intensity in 2005 by 2030, increasing the GDP rate from green technology of RM100 Billion and the generation of 230,000 green jobs.

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 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 and Youtube.

For media enquiries, please contact:
Zaid Karim Shaari
Director of Industry Development
Email: [email protected] || Mobile: +60 12-297 7625

MIDA
Wan Hashimah Wan Salleh (Ms.)
Director, Green Technology Division
DL: +603-2267 3540 | Email: [email protected]

IGEM 2021 Generated a Total of RM4.6 billion in Business Leads

Kuala Lumpur, 15 February 2022 – The Malaysian Investment Development Authority (MIDA) through its Domestic Investment Coordination Platform (DICP) with Bursa Malaysia and Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC) kickstarted their seminar series on ‘Business Growth through the Malaysian Capital Market’.

This inaugural seminar, held in Port Dickson, Negeri Sembilan, was jointly organised with Invest Negeri Sembilan and attracted 35 companies from Negeri Sembilan as well as Melaka. MIDA anticipates to organise more seminars throughout the country in 2022.

Recognising the financial challenges faced by the domestic industry players, particularly the SMEs and Mid-tier companies (MTCs) to execute their business expansion plans, MIDA looks to provide opportunities for businesses to learn, evaluate and consider raising capital through the public and private markets, as well as market-based financing options such as equity crowdfunding (ECF) registered with the SC.

During the event, Mr. Sukri Abu Bakar, the Director of Domestic Investment Division, MIDA remarked “Through MIDA’s proprietary services, we have enabled various scales of local businesses, including SMEs and SMIs. MIDA’s Domestic Investment Coordination Platform or DICP aims to bridge businesses, technologies and research capability with capital funding sourced from the public and private markets. We continuously work with local regulators, technology providers and financial institutions to drive business growth by facilitating business support services to SMEs and SMIs, crucial to domestic direct investments, which bring significant economic growth.”

Mr. Azhar Mohd Zabidi, the Director of Securities Market of Bursa Malaysia added,
“Bursa Malaysia is very pleased to support MIDA in the ‘Business Growth through the Malaysian Capital Market’ seminar with Invest Negeri Sembilan. This initiative is a great way to increase awareness and create better understanding among SMEs and MTCs throughout Malaysia to ultimately tap the Malaysian capital market through various channels including IPOs (initial public offerings). IPOs will not only facilitate the raising of capital to help fulfil growth strategies, but also open doors to new opportunities for the companies at different stages of growth.”

In supporting MIDA’s efforts in developing the growth of domestic businesses, CMM shared on its Elevate Programme, a bespoke executive leadership programme for Malaysian MTCs. The 12-month capacity development programme offers guidance on business redesign strategies, fundraising models and access to fund raising through the capital market. Companies that stand to benefit from this programme include business founders, privately-held family-run businesses in their second and third generations, entrepreneurs that are looking to leverage new investors for growth strategies as well as companies that are seek listing on the local bourse to expand their footprints.

The whole-day event featured panel presentations by MIDA, Capital Markets Malaysia and Bursa Malaysia Berhad; followed by one-on-one session between participants and private equity firms such as COPE and Bintang Capital; as well as equity crowd funding (ECF) platforms, 1337 Ventures and PitchIN.

*****

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 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 and YouTube.

About Bursa Malaysia
Bursa Malaysia is an Exchange holding company incorporated in 1976 and listed in 2005. It has grown to be one of the largest bourses in ASEAN today. Bursa Malaysia operates and regulates a fully-integrated exchange offering a comprehensive range of exchange-related facilities and is committed to Creating Opportunities, Growing Value. Learn more at www.bursamalaysia.com.

About Capital Markets Malaysia (CMM)
As part of its developmental mandate, the SC set up CMM in 2013 to spearhead both the local and international positioning and profiling of the Malaysian capital market with its wide range of conventional and Islamic products, supported by a strong governance infrastructure. CMM profiles the competitiveness and attractiveness of the various segments of the capital market to increase participation and enhance opportunities for capital market intermediaries, issuers and investors.

For more information, please contact:

MIDA
Sukri Abu Bakar (Mr.)
Director, Domestic Investment Division
[email protected] | +603 2267 3685

Bursa Malaysia
Muhammad Nizam Ashraff Mohd Taharim
Manager, PR & Media
[email protected] | +603 2034 7348

CMM
Farina Ahmad Farid (Ms.)
Head, Communication
[email protected] | +603 6204 8616

MIDA, Bursa Malaysia and CMM Encourage Local Companies To Explore Alternative Fundraising

Pulau Pinang, 10 February 2022 – Eclipse Automation Inc, a leading supplier of custom automated manufacturing equipment for the life sciences, energy, transportation, consumer electronics, and industrial industries, announced its first manufacturing facility in Asia to be based in Pulau Pinang. A groundbreaking ceremony for the new facility was held today at Batu Kawan, Pulau Pinang. The facility is set to serve its major customers across Asia Pacific and other regions and factory construction is expected to commence within the first quarter of 2022 with commercial operations targeted to begin in 2023.      

Eclipse Automation is headquartered in Ontario, Canada and has 20 facilities strategically located in the vicinity of Fortune 500 companies and manufacturing centres across Canada, United States and Central Europe. The latest expansion is part of the group’s commitment to increase manufacturing production capacity to meet global demands.           

“The new facility in Batu Kawan is expected to create approximately 150 new jobs by 2025 with about 80 per cent of the employees from the technical and engineering background. This project is timely and significant as it can contribute to the Malaysian economy in terms of high-income employment amidst the COVID-19 pandemic. This project which further strengthens Malaysia’s position as a strategic destination for global Machinery and Equipment (M&E) players that will create a multiplier effect within the domestic economy in terms of local supply chain usage and technology transfer,” shared Datuk Arham Abdul Rahman, Chief Executive Officer of Malaysian Investment Development Authority (MIDA).  

The Eclipse Automation Malaysia site will span three (3) acres of prime industrial land, with a production area of 55,000 square feet and an office area of 27,000 square feet designed to fully support the compliance needs of the customers within the life sciences sector, as well as serving the high-tech automotive, alternative energy, and consumer industries. This site will also act as a cost-effective and desirable strategic location for continued global growth, in collaboration with Eclipse’s current technology and manufacturing hubs in Canada, the U.S.A., Germany, Hungary and Switzerland.

Eclipse Automation CEO, Mr. Steve Mai, said “We celebrated the Year of the Tiger with a brave new level of expansion within our business. Eclipse Malaysia will further extend its reach, to bring customers’ expert regional support, service and fulfillment within Asia. The site in Pulau Pinang will provide exceptional, value-added manufacturing options to best support global programs, including replication line and outsourcing model platforms. Our Malaysian facility will also employ a large team of highly-qualified engineers, assemblers and other support teams to enhance our ability to provide solutions with a powerful follow-the-sun model of service. We appreciate MIDA for supporting us throughout our journey and Malaysia’s pro-business, pro-trade and business-friendly investment policies have played a key role in helping us make our investment decision.”

“With our Government’s business-friendly policies, investors such as Eclipse Automation can leverage on Malaysia’s strategic location, a vast network of infrastructure, strong support industries as well as talented workforce to become prominent players within the global value chain. I am also confident that Eclipse Automation’s investment will be another major step forward for Malaysia and their growth here will be beneficial for our local industry and people.” added Datuk Arham

In 2021, a total of 49 M&E projects have been approved with an investment value of RM1.3 billion. Of the total, 27 were new projects, with investments amounting to RM753.7 million (56.3 per cent). The remaining 22 were expansion/diversification projects worth RM584.4 million (43.7 per cent). Most of the investments approved were from foreign sources amounting to RM906.0 million or 67.7 percent, while the remaining RM432.2 million (32.3 per cent) were from domestic direct investment (DDI). These approved projects are expected to create 2,253 new job opportunities.

*****

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 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 and YouTube.

About Eclipse Automation, Inc

Founded in 2001 and with over 900 employees, Eclipse offers customized automation and manufacturing solutions from prototype to production for major MNCs across the globe in the field of machinery and equipment. Eclipse Automation had long been involved in Design & Manufacturing of factory automation systems and modules for a wide variety of industrial applications, and accelerator for innovation and invention in the automation industry. For its sixth consecutive year, Eclipse was recognized as one of Canada’s Best-Managed Companies for overall business excellence by Deloitte’s Best Managed Companies program. Eclipse was also a six-year recipient of the Growth 500 Award that celebrates Canada’s most dynamic and successful businesses. For more information about Eclipse Automation Inc, please visit www.eclipseautomation.com.

For more information, please contact:

Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division, MIDA
Telephone: 03-2267 3628
Email: [email protected]

Ms. Patty Atwell
Global Director,
Marketing & Communications
Eclipse Automation Inc.
Cambridge, Ontario, CANADA
Telephone: +1 519-620-1906 ext:734
Mobile: +1 519-635-1722
Email: [email protected]

Mr. Mathew Perera
General Manager
Eclipse Malaysia Sdn. Bhd.
Penang, MALAYSIA
Telephone: +604-589-9988
Mobile: +6016 419-5438
Email: [email protected]

Eclipse Automation’s Right Move to Establish Its Overseas Manufacturing Facility in Malaysia

Kuala Lumpur, 4 February 2022 – Malaysia’s pharmaceutical industry recorded RM397.67 million approved investment from January to September 2021, exceeding the highest full-year figure approved in 2017. The sector also achieved astounding export figures for 2021, amounting to RM2.42 billion, a 24 percent increase from 2020.

YB Datuk Lim Ban Hong, Deputy Minister of International Trade and Industry (MITI), commended the industry’s outstanding performance during his industry visit to Biocon Sdn. Bhd. in Johor on 26 January 2022. “MITI has always attached great importance to the development of the pharmaceutical industry, particularly as we progress into the new norm with COVID-19. The increasing demand for medical and healthcare services has further driven the rapid development of the pharmaceutical industry.”

YB Datuk Lim Ban Hong further mentioned, “The Malaysian Investment Development Authority (MIDA) has also been continuously attracting and targetting high-quality tech investments in the pharmaceutical industry to strengthen Malaysia’s position in the global value chain. Biocon’s establishment and growing footprint is a testament to our nation’s competitive advantages and commitment to deliver value to our investors in line with our National Investment Aspirations and Twelfth Malaysia Plan.”

Biocon, one of the top Asian biopharmaceutical companies, chose Malaysia to set up Asia’s largest integrated insulin manufacturing facility in 2010 at the Southern Industrial Logistics Park (SILC), Johor. The project valued at over USD350 million is among Malaysia’s highest foreign pharmaceutical investments, and the first and only facility for manufacturing of insulins in Malaysia.

The company’s Malaysian hub is its first overseas bio-pharmaceuticals manufacturing and research facility. The well-equipped, state-of-the-art manufacturing facility in Nusajaya has employed around 800 employees and is the country’s first US-FDA-certified sterile biologics facility. Over the last five years, Biocon has been supplying life saving insulin products to patients in Malaysia from its Johor facility.

YB Datuk Lim Ban Hong welcomed Biocon’s commitment to supporting the Government’s emphasis on local talent development. “We trust that Biocon will be instrumental in Malaysia’s effort to retain local talent and ensure the local pharmaceutical industry ecosystem continues to thrive for years to come. Besides creating high-value job opportunities, we are responsible for preparing our aspiring young innovators and leaders because they are crucial to nation-building in this technologically driven era. We hope to see more of our local players exploring the international pharmaceutical market beyond catering to domestic needs.”

He further added that the partnership between Biocon and Malaysia would bring forth new R&D activities to spur growth in product innovation and new career options. Biocon, during the visit also indicated plans for an expansion of the facility to make the facility a hub for insulin manufacturing for meeting patient needs across the globe. Since 2020, the Government has adopted policies that prioritise the public’s welfare, including raising healthcare expenditure and improving medical access to prioritise the healthcare needs of the high-risk segments. Such measures have increased manufacturing volume and brought new trade opportunities with other nations to meet global healthcare demands.

*****

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 and YouTube.

For media enquiries, please contact:
Balkish Mohd Yasin (Ms)
Director
Life Sciences & Medical Technology Division, MIDA
[email protected] | DL: +603-2267 3458

Malaysia’s Pharmaceutical Industry Expanding Strongly Records Highest Approved Investment since 2017

Kuala Lumpur, 3 February 2022 – Further to the Budget 2022 announcement, the Finance Bill 2021 was tabled in Parliament and unanimously passed on 23 December 2021. The Finance Bill 2021 incorporates several announcements made in the Budget 2022 and contains proposed amendments, including to the Promotion of Investments Act 1986 (PIA). Effective from 1 January 2022, the definitions of “Contract Research and Development Company” and “Research and Development Company” under section 2 of the PIA require companies to be approved as a research and development (R&D) status company by the Minister of International Trade and Industry (MITI).

Companies in the business of providing R&D services namely, Contract R&D Company and R&D Company that wish to apply for R&D tax incentive will be granted R&D status (subject to MITI’s approval) for a period of five (5) years. Companies approved with this status may apply for extension to the Malaysian Investment Development Authority (MIDA). However, the granting of the approval is subject to consideration by MITI and the Ministry of Finance.

The Finance Bill 2021 further provides that existing Contract R&D Companies and R&D Companies which have been given approval as a R&D company prior to 1 January 2022 which intend to fall within the new definition of “Contract Research and Development Company” and “Research and Development Company” are required to notify MIDA within the grace period that is from 1 January 2022 to 30 June 2022 for consideration. For this purpose, companies are required to provide documents to prove that they are undertaking activities relating to R&D as defined under the PIA and complies with conditions imposed previously in their approval letters. Failure to do so will cause the companies to cease their status as approved companies fulfilling the definition of “contract research and development company” and “research and development company”.

The Finance Bill 2021 may also be referred at the following link:

https://lom.agc.gov.my/act-detail.php?language=BI&act=833

*****

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 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 and Facebook, LinkedIn and YouTube channel.

For more information, please contact:

Puan Rashidah Othman
Director, Advanced Technology and R&D Division, MIDA
Email: [email protected]
Tel : 03-2267 3431

Puan Zuaida Abdullah
Director, Strategic Planning & Policy Advocacy (Services), MIDA
Email: [email protected]
Tel : 03-2267 6675

Amendments to The Definition Of Contract Research & Development Company And Research & Development Company In The Promotion Of Investments Act, 1986 Including Application For Approval As A Research & Development Company

Kuala Lumpur, 26 February 2021 – Cabot Corporation will continue its strategic investments to expand its manufacturing as well as research and development (R&D) capabilities at its plant in Port Dickson, Negeri Sembilan, Malaysia.

The global speciality chemicals and performance materials company announced the launch of its Engineered Elastomer Composites (E2C™) solutions in 2020 as part of its efforts in raising the bar within the tire and industrial rubber industry. To further expand manufacturing of its E2C solutions, Cabot is increasing its staff strength by more than 30 per cent as well as installing enhanced digital controls and automation systems. The Company is also signing a long-term extension and expansion of its land lease in Port Dickson.

Cabot’s Port Dickson site has led the industry by developing the first industrial scale, continuous liquid mixing process for natural rubber latex. With Cabot’s expanded R&D capabilities, it will continue to lead and advance rubber technology through specific innovations such as new tools for modeling and optimisation of liquid mixing, novel methods for characterising elastomer composites as well as automation of continuous rubber processing.

Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), welcomed the Company’s commitment and confidence in Malaysia, “This investment by Cabot, a global leader in the development and commercialisation of innovative elastomer composites, is even more recompensing in the backdrop of the current challenges surrounding the pandemic. It is a testament to Malaysia’s resilient business environment and promising returns to investors. MIDA is confident that Cabot will benefit from Malaysia’s solid chemical industry ecosystem, backed by investor-friendly business environment and policies as well as the availability of talented and skilled workers in the country.”

“Cabot has joined other industry players to choose Malaysia as their investment destination, particularly within the speciality chemicals sphere. As partners to investors, MIDA remains committed to drive high quality and knowledge-driven projects into Malaysia, in line with our national investment agenda for long term sustainable growth of the economy,” added Dato’ Azman.

David Reynolds, Vice President and General Manager at Cabot Engineered Elastomer Composites added, “Our plant in Malaysia has been a key asset for us as we have continued to develop and expand our portfolio of elastomer composites solutions. We are excited about the launch of our new E2C line of products and the sustainability benefits that they provide in a variety of customer applications. As such, we are committed to continuing to partner with MIDA to strengthen our investments in Port Dickson and support the growth of this high-performance product line.”

Cabot’s E2C solutions are a new category of performance rubber composites based on a proprietary liquid mixing process for natural rubber latex, including three commercially viable products for off-the road mining tire applications. Tires made with E2C solutions last longer and are more energy efficient, resulting in reduced raw material consumption, fewer end-of-life tires and lower carbon dioxide emissions.

Furthermore, during the rubber compounding process, E2C solutions require fewer mixing stages, shorter cycles and lower temperatures, translating into additional sustainability and economic benefits. As a result, E2C solutions support more sustainable mobility, a key element of Malaysia’s National Automotive Policy, designed to enhance the country’s economic competitiveness while reducing the negative impact on the environment.

Cabot’s E2CTM solution was also named in the European Rubber Journal’s inaugural Top 10 Elastomers for Sustainability List in July 2020. Learn more about the E2CTM solution at cabotcorp.com/e2c.

*****

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 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 and YouTube channel.

About Cabot Corporation

Cabot Corporation (NYSE: CBT) is a global speciality chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and speciality carbons, activated carbon, inkjet colorants, master batches and conductive compounds, fumed silica, and aerogel. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.

Media Contacts:

MIDA
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | DL: +603-2267 3509

Cabot Corporation
Thirunavuc Karasu (Mr)
Email: [email protected]

Cabot Corporation, Producer of Engineered Elastomer Composites, Expands Investments in Malaysia for New Sustainable Rubber Technology

Kuala Lumpur, 25 February 2021 – The Malaysian Investment Development Authority (MIDA) organised a virtual Domestic Investment Webinar to urge domestic stakeholders to implement digitalisation values and adopt innovation in their business to remain resilient. The session themed “Innovation and Transition to New Business Models” was supported by the Department of Polytechnic and Community College Education (DPCCE) of the Ministry of Higher Education (MOHE), Malaysia Productivity Cooperation (MPC), SIRIM Berhad and AmBank.

Mr. Ahmad Khairuddin bin Abdul Rahim, Deputy Chief Executive Officer II, MIDA, in his opening address, highlighted that “In order to drive business growth and staying relevant in current norms, business leaders, especially the small and medium-sized enterprises/businesses (SMEs) must be able to think creatively and embrace innovation into their business models. A willingness to innovate should also go along with a solid understanding on how to cultivate the innovation into life. The focus will be on assisting Malaysian businesses to shift from old conventional growth models to build new growth through adoption of the digital system.”

He added, “Malaysia’s Industry4WRD policy is an excellent guide. The incentives of Industry4WRD Readiness Assessment and its subsequent Intervention Fund offered by the Government enable domestic companies to assess their capabilities and readiness to adopt Industry4.0 processes, understand their present capabilities and gaps, as well as prepare feasible plans to move towards effective adoption of Industry 4.0. This represents the first step for companies in Malaysia to align with the rapidly changing technological landscape while developing new growth areas by prioritising operational efficiency and resilience through digital and automation technologies.”

“The Automation Capital Allowance (Automation CA), introduced in the 2015 Budget is also a major initiative to motivate domestic companies to undertake automation and machine upgrading. Another critical enablers are the skilled talent and up skilling programmes to drive and sustain Malaysia’s economic growth. The availability of a skilled workforce will support the transition of all economic sectors towards knowledge-intensive activities. The Smart Automation Grant (SAG) under the RM100 million allocation approved within the National Economic Recovery Plan or PENJANA , is another initiative awarded to eligible Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) on a matching basis or 50 per cent of total eligible expenditures, up to a maximum grant cap of RM1 million per company. SAG will not only improve Malaysia’s industrial competitiveness and capabilities but also reduce our reliance on low-skilled foreign workers while creating new job opportunities in high value-added sectors.” added Mr. Ahmad Khairuddin.

In his remarks, Mr. Ahmad Khairuddin also highlighted on the ‘Lighthouse Project’ an initiative undertaken by MIDA to enable MNCs and local corporations that have successfully gained from Industry 4.0 transformation to guide and support Malaysia’s local manufacturing industries to also implement the Fourth Industrial Revolution processes in gaining business traction. “As Malaysia aims to reposition among the top Global Manufacturing Nations, MIDA continues to identify and attract foreign and local companies that have successfully adopted the Industry 4.0 key pillars to invest here” he stressed.

The webinar has successfully attracted more than 300 participants, including manufacturers, service providers and other potential investors. The session featured presentations by experts from MIDA, Ambank, DPCCE and SIRIM.

Companies interested in seizing to leverage on the various initiatives offered by MIDA, including Automation Capital Allowance (ACA), Industry4WRD Intervention Fund and Smart Automation Grant (SAG), may refer to the official website, www.mida.gov.my.

*****

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. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become an active and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today 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 and Facebook.

Media contacts:

MIDA

Manjit Kaur Balkar Singh (Ms)

Email: [email protected] | Tel.: +603 2267 3509

MIDA Urges Domestic Companies to Adopt Digitalisation and Innovation in Their Business Models to Stay Competitive

BANGI, Malaysia (Feb. 24, 2021) – DENSO MALAYSIA A Sdn. Bhd. a subsidiary of DENSO Corporation, Japan, a leading global mobility systems and components supplier will be expanding its production capacity in Selangor, Malaysia . The RM160 million investment project has been approved by the Malaysian Investment Development Authority (MIDA) and is scheduled to commence in April 2021 DENSO MALAYSIA products range from air conditioning systems, radiators, engine control units, airbag electronic control units, electric power steering and other products.

In recent years, electronic controls have been increasingly adopted in various vehicle systems . T he semiconductors ’ performance evolves continuously to enhance the safety standards of growing demand s for semi conductors to full autonomous electric vehicles.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, expressed “We are honoured ” to be selected as the country outside Japan to produce the advanced product s as a result of continuous research and development (R&D). Moreover, we acknowledge the operational expenditure of over RM20 million in the next five years would benefit the local business ecosystem, from insurance, legal, banking, information and communication technologies (ICT) as well as transportation industries”.

DENSO ’s decision to further expand their presence in Malaysia has proven that the country continues to be a competitive investment location for high value operations amidst global headwinds . This is a nother testament to MIDA’s efforts in attracting quality investment into Malaysia Dato’ Azman stressed.

DENSO has more than 40 years of experience in manufacturing in vehicle semiconductors. Established in 19 80 DENSO MALAYSIA A possesses extensive experience, skill s and knowledge in the production of electronic parts. It was selected to be the only production centre of semiconductors in ASEAN outside of Japan backed by Malaysia’s strong suppliers’ network, well developed infrastructure and a business friendly environment said Tomoya Nakamura, Managing Director of DENSO MALAYSIA.

DENSO MALAYSIA A will be venturing into the production of automotive semiconductors, ASIC named “Exposed Package (Ex PKG ))”, which is superior and competitive in term s of high functionality, efficient high heat dissipation, miniaturisation and cost reduction. This project is also in line with the Government’s National Automotive Policy ( 2020 to develop critical components within Next Generation Vehicles, mobility technology and autonomous driving.

The investment will establish fully automated machine production lines with DENSO designed manufacturing equipment and unique processing techniques that emphasize on high efficiency and high quality. The transfer of the product knowledge will also develop the local engineering skills among its workforce, through the dedicated DENSO ’s Hitozukuri (human resource development )” concept. In addition, the introduction of fully automated production lines will accelerate the moving toward Industry 4.0 technologies, such as IoT deployment, big data management and factory
automation in Malaysia.

DENSO MALAYSIA continues serving as the manufacturing and distribution hub that supplies to DENSO in Japan and other DENSO group companies a cross North America, China, Europe, and other regions. DENSO will help promote the exporting of automotive parts out of Malaysia and contribute to the growth of t he automotive industry in the country.

---

About DENSO

DENSO is a US $47.6 billion global mobility supplier that develops advance technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO ’s 200 global facilities produce thermal, powertrain, mobility, electrification, and electronic systems and create jobs that impact change s in world mobility . The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.9 percent of its global consolidated sales on research and development (R& in the fiscal year ending March 31, 2020. For more information about global DENSO, visit https://www.DENSO.com/global

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 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 and YouTube channel.

Media contacts:
MIDA:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected] | Tel.: 603 2267 3509

DENSO
DENSO CORPORATION
Email: [email protected] | Tel.: 81 566 55 9752

DENSO Embarks on RM160 Million Advanced Semiconductor Production in Malaysia

Kuala Lumpur, 22 February 2021 – The Malaysian Investment Development Authority (MIDA) is partnering with CETIM (the French leading Technical Centre for Mechanical Industry), through a Memorandum of Understanding (MOU) to encourage, promote and facilitate cooperation in the niche engineering and manufacturing technology including in emerging fields such as Smart Manufacturing, Industry 4.0 and Circular Economy.

The MOU highlights the collaboration between MIDA and CETIM to further strengthen Malaysia’s technological ecosystem by attracting quality investments. Both parties will undertake joint initiatives such as applied research activities, training and attachment programmes; exchange technical information and expertise in the research and development of industrial technology; as well as facilitate collaboration with local higher learning institutes and research organisations in the field of industrial development.

In welcoming CETIM to consider setting up its Asia Pacific office here in Malaysia as their Regional Centre, Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA, iterated that this MOU is a direct reflection of the MIDA’s on-going initiative to enhance Malaysia’s technological landscape in line with the national Industry 4.0 agenda.
“MIDA has always been a conduit between entities such as CETIM, industry players and academia to create effective new collaborations in line with Malaysia’s investment aspiration agenda to develop high value-added, capital- and knowledge-intensive industries. Especially now, given how the pandemic has changed the way we live and do business, there are unprecedented vacuum and emerging opportunities within the technological sphere for our stakeholders to tap upon. We are optimistic that this initiative with CETIM will increase technology capabilities of our industries, and lead to further investments in new and emerging fields. Innovation through strategic collaborations in R&D activities and Center of Excellence are now more crucial than ever for businesses to adapt to the new norm, while remain resilient and competitive,” said Dato’ Azman.

Mr. Daniel Richet, CEO of CETIM, is very pleased to initiate this new cooperation to support MIDA and Malaysia in its ambitious technological development programme and eager to launch, through joint industrial and R&D collaborative projects, concrete actions on 4.0 cooperation, talent development and knowledge sharing.
“As MIDA has always been looking for international cooperation with major industrial countries, and therefore looking for a prominent French technology partner, it became logic to see CETIM and MIDA being in contact since 2013, and then further explore the best ways to handle the issues and challenges in implementing Industry 4.0 in the Malaysian industrial landscape. CETIM has a long history and experience in supporting R&D, innovation and development of all companies, including SMEs in the mechanical industry, in France first, through national programmes for robotics, additive manufacturing; and then internationally. We are proud to be associated with MIDA, as Malaysia is now embarking on important priorities such as industrial automation and digitalisation,” mentioned Daniel Richet.

As the leading French player in the fields of mechanical engineering innovation and R&D, MIDA is optimistic of CETIM’s reputation and capabilities to provide comprehensive services to Malaysia’s industry and to improve companies’ competitiveness through mechanical engineering, transfer of innovations and advanced manufacturing solutions.
This will ultimately contribute to the country’s shift towards advance manufacturing, knowledge-driven, higher value-added and industry-driven research activities. It will also promote a circular economy, whereby waste and leakages are systematically phased out through careful product design and management, coupled with efficient business models. It is hoped that this will lead to a more sustainable and productive business model in line with the greater agenda of the United Nation’s Sustainable Development Goals.

As the principal investment promotion and development authority in the country, MIDA has been consistently promoting investments in R&D, including undertakings within the Industry 4.0 drivers. The agency continues to step up its efforts to drive stronger R&D linkages between the industry and, tertiary and research institutions. As to date, MIDA has approved 195 R&D projects with total investments of RM3.0 billion. These comprise of approved companies of 46 In-House R&D facility, 79 Contract R&D Companies, 30 R&D Companies, 24 R&D Status Companies as well as 16 national strategic R&D projects. These R&D have spurred innovative technologies within the industries in Malaysia through enhancing of knowledge workers as well as the transfer of technologies.The Government continues to support the R&D framework in the country through various incentives and financial assistance. MIDA, in particular, offers tax incentives to manufacturers with in-house R&D facilities or research service providers. Investment Tax Allowance (ITA) incentive is offered to entities that are approved as R&D Company,

Contract R&D Company, or In-house R&D facility; where else Contract R&D companies may also opt for Pioneer Status incentives.
To further invigorate R&D activities, the firms that receive services from R&D status companies are eligible to claim for double deductions on eligible incurred expenditure to the Inland Board Revenue (IRB). This is an effective way to promote R&D services and pitch into the R&D ecosystem as a whole. MIDA hopes for more companies to leverage upon this support to build their long-term competitiveness and sustainability.

*****

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 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 and YouTube channel.

ABOUT CETIM
Since 1965, CETIM, the French Technical Centre for Mechanical Industry, has been supporting innovation and competitiveness of companies thanks to its multidisciplinary skills, digital expertise and unique R&D capacity. With its international subsidiaries, its 8,000 customers in more than 50 countries, CETIM has become a world leading player to overcome environmental and Industry 4.0 main challenges with innovative solutions and services. In addition, CETIM is part of the Carnot Institute Network, under the aegis of the French government to enlarge the scope of R&D and promote partnership research with SMEs. For more information, please visit www.cetim.fr and follow us on Twitter, Facebook, LinkedIn and YouTube channel.

For media inquiries, please contact:

Ms. Manjit Kaur
E-mail: [email protected] | Phone: +603-2267 3509

Mr. Jean-Francois Atgé
E-mail : [email protected] | Phone: 012 285 7088

MIDA and CETIM Inks MOU to Strengthen Malaysia’s Manufacturing Sector Towards Advance Engineering and Technology in line with Malaysia’s Investment Aspirations

Kuala Lumpur, 22 February 2021 – Leuze electronic GmbH + Co. KG, short: Leuze, one of the world class optical sensor producers, has identified Malaysia for its first production plant in Southeast Asia. During a virtual press conference held recently in January 2021, while presenting the company’s 2020 performance and its outlook for 2021, Leuze made the official announcement of the new manufacturing plant’s opening in Malaysia. The plant is currently under rapid construction phase.

Dato’ Azman Mahmud, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) congratulates Leuze on their significant move to Malaysia for the business expansion. This decision speaks volumes of the confidence Leuze has in Malaysia. MIDA initiated the first contact with Leuze in December 2018. Since then the Malaysian Government through MIDA has been engaging with Leuze‘s team to facilitate the project’s provisions, especially in obtaining the necessary licence approval.

Dato’ Azman reiterates, “Malaysia has a mature and diverse ecosystem for the rapid development of sensor applications in the electronics industry. The milestone of Leuze’s activities in Malaysia is definitely in line with the Government’s aspirations to transform Malaysia into a high technology and knowledge-based economy. New era of electronics is emerging globally and MIDA is in the forefront of the technologies, as Leuze will bring in frontier sensor products and new technology into the country.”

Leuze, known as the specialists in the optical sensors, will be establishing its first production facility in the ASEAN region and second in Asia, after the opening of their factory in Shenzhen, China in 2006. To cater to the high demand in Asian market, Leuze decided to expand its international production locations, also to support the company’s multi-location production strategy. The company offers an extensive line of optical electronic sensor products for electrical automation. It is active in intralogistics, packaging, tooling, automotive and lab automation. Its group has more than 1,200 employees in 21 subsidiaries in the development, production, sales and services segmentations worldwide. In addition, more than 40 distributors are actively servicing Leuze’s five (5) existing production plants and soon, the upcoming plant in Melaka, Malaysia.

According to Sebastian Raible, Director of Global Projects Operations and Project Manager of Leuze’s construction project in Malaysia, “Melaka plant will primarily produce sensors for the lucrative market in Asia. The new production site will operate as Leuze Electronic Malaysia Sdn. Bhd. and will be a 100 per cent subsidiary of Leuze Electronic GmbH + Co. KG, Germany. The plant is being constructed on a site area spanning over 17,000 square meters and the first building stage of the plant is estimated to be completed by the first quarter of 2022. Besides some minor impacts in the construction works due to the MCO, the project runs as planned and the pilings as well as the groundwork are in process at the moment. With the great support of the local authorities in Melaka, Leuze expects no further impacts on the construction project.”

He added “One reason for selecting Melaka for the new Leuze production site was because of the excellent talent pool in the region. The well-established universities in Melaka as well as the thriving electronic industry played an important role in the site selection process.”

“With a total usable floor space just below 7,000 square meters in the first expansion phase, the new Leuze plant targets a demand of 150 to 200 qualified employees”, said Jochen Wimmer, Chief Operating Officer of the Leuze Group.

“In the medium-term, Leuze is also targeting for future partnerships with the local universities. With the support of MIDA, Leuze has successfully started hiring local graduates in engineering positions, in line to provide adequate training to the young talents prior to starting the production”, explains Jochen Wimmer.

Meanwhile, Dato’ Azman also emphasised “The Government will ensure Malaysia remains as the preferred investment location with a favourable environment for quality investments. Investors from Germany such as Leuze, acknowledge and benefit from the competitive advantages the nation has despite the unprecedented pandemic. We are at the vanguard to entice more new investments in the areas of technology and innovation to position Malaysia as a manufacturing powerhouse of Asia.”

Over the past 50 years, Leuze has evolved into a high-tech company and an innovation leader in industrial automation. The family-owned company was founded in 1963 in Owen, a small town in the state of Baden-Württemberg in Southern Germany, initially developing electronic sensors for textile sector, but soon after, expanding its product portfolio into various other industries. In 2020, during the global pandemic, Leuze achieved sales of 210 million euros, compared to 222 million euros in the previous year, which records only a five (5) per cent decline. “For a corona year we can be very satisfied with this result. That is why we rate 2020 as a successful business year, despite the small minus. Moving forward, Leuze is fully committed to its growth plans for 2021 and intends to double its sales again in the next few years.” said Ulrich Balbach, the CEO of Leuze.

*****

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 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 and YouTube channel.

About Leuze Electronics

With curiosity and determination, the sensor people from Leuze have been forerunners for innovations and technological milestones in industrial automation for more than 50 years. They are driven by the success of their customers. The technology leader’s high-tech product range includes a number of different sensors for the field of automation technology. Among these are switching and measuring sensors, identification systems, and data transmission and image processing solutions. As a Safety Expert, Leuze is also focused on components, services and solutions for safety at work. Leuze concentrates on its core industries, in which the Sensor People have extensive, specific application know-how and many years of experience. These include intra logistics and the packaging industry, machine tools, the automotive industry as well as laboratory automation. Leuze was founded in 1963, headquartered in Owen/Teck in Southern Germany. Today there are more than 1,200 sensor people around the world who are working with determination and passion for progress and transformation to make their customers successful in a constantly changing industry. Regardless of whether in the technological competence centers or in one of the 21 sales companies, supported by more than 40 international distributors. www.leuze.com

Media contacts:

MIDA:
Manjit Kaur Balkar Singh (Ms)
Email: [email protected]
Tel.: +603 2267 3509

Leuze:
Ms. Martina Schili (Ms)
Email : [email protected]
DL: +49 7021 573-116

Malaysia is the Preferred Location for German Based Leuze Electronic to Establish Its First Optical Sensor Production Plant in Southeast Asia