New Strategic Pass Cuts Red Tape, Strengthens Malaysia’s Investment Hub Proposition

KUALA LUMPUR, 28 March 2025 – Effective 1 April 2025, the Malaysian Investment  Development Authority (MIDA) will spearhead a new innovative immigration initiative called the Investor Pass, presenting a major improvement in the nation’s investment  proposition. The Investor Pass – with its enhanced entry mechanism designed specifically  for existing and new investors under the current Social Visit Pass. 

Under the new Investor Pass, business travelers will enjoy a full six-month stay with the  option to extend for an additional six months, compared to the existing Social Visit Pass  with Single-Entry Visa’s 14 to 90-day limitation. Coupled with the Multiple Entry Visa  feature, the Investor Pass enables seamless cross-border movement into Malaysia during  the pass validity period, addressing global business’ ease of doing business. Processing  time for the Investor Pass is only five (5) working days until the approval by the  Immigration Department of Malaysia, saving precious administrative time on the  investors’ part, enabling them to focus on what really matters for their business. 

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment,  Trade, and Industry (MITI), emphasised the importance of this initiative. “As Malaysia ups  its game on attracting investors from target sectors under the New Industrial Master Plan  2030, it is equally crucial to reduce bureaucracy and enhance their ease of doing  business. The Investor Pass is a strategic step in that direction, facilitating seamless entry  into Malaysia for both existing and new investors. This initiative also reflects the MADANI  Government’s commitment to reducing bureaucracy so we can build an efficient  investment framework that supports both investors and Malaysia’s long-term economic  goals.” 

MIDA Chief Executive Officer, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, highlighted  MIDA’s strengthened role in investment facilitation. “The Investor Pass provides a clear  and structured entry process for investors, reducing delays that can slow business  decisions. This initiative ensures that those serious about investing in Malaysia can do so  with greater certainty. MIDA’s role goes beyond issuing support letters—we actively connect investors with the right networks, policies, and resources to help them establish  and grow their presence here.” 

The pass is designed for three categories of foreign investors: 

1. New Investors – Those exploring their first investments in Malaysia. 2. Investors under Consideration – Those in discussions with the government or  awaiting project approvals from MIDA. 

3. Existing Investors – Individuals with established investments or affiliations with  Malaysian companies (excluding those under local employment). 

The initiative is a testament to the strategic collaboration between MIDA and the Ministry  of Home Affairs, the Immigration Department of Malaysia and Talent Corporation  Malaysia Berhad. With MIDA spearheading the evaluation and issuance of supporting  letters for eligible business travelers, the Immigration Department of Malaysia will grant  final approval. Application can be submitted through the Xpats Gateway system at  https://xpatsgateway.com.my/. 

For more information and procedures, please visit MIDA website at https://www.mida.gov.my/. 

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About MIDA

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

For more information, please contact:

MIDA
Pn. Azrina Hashim
Director of Industry Talent Management and Expatriate Division
T: + 603-2267 3431 / 3529
E: [email protected] 

New Investor Pass Facilitates Fast-Track Entry for Global  Investors And Businesses From 1 April 2025

PENANG, Malaysia, 21 March 2025 – Hotayi Electronic (M) Sdn. Bhd. launched its ambitious Phase 3 expansion today with a groundbreaking ceremony in Batu Kawan, Penang. The RM500 million investment will create a cutting-edge smart manufacturing facility spanning 380,000 square feet. The project will generate 1,000 new high-skilled jobs in the region.

The ceremony was attended by key customers, government officials, and industry partners, highlighting the strong collaboration between Hotayi and Malaysia’s thriving electronics ecosystem.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, stated, “Since its establishment in 1992, Hotayi has been continuously investing in the operation here in Penang. Today, we witness another milestone for Hotayi to ground break its new state-of-the-art facility.” He added, “Penang is grateful for Hotayi’s continuous investment in Penang, which highlights the confidence Hotayi places in Penang’s existing robust industrial ecosystem, which enables the company to thrive and grow.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), emphasised, “Hotayi’s latest investment reflects Malaysia’s continued progress in high-tech manufacturing and its growing reputation as a global electronics hub. This expansion not only drives innovation and smart manufacturing but also strengthens the broader industrial ecosystem, supporting a more resilient and efficient supply chain. MIDA remains committed to facilitating strategic investment like this, ensuring they create high-skilled job opportunities for Malaysians, contributing to sustainable economic growth and talent development.”

“Our Phase 3 expansion represents a major milestone in Hotayi’s journey to redefine manufacturing excellence. By integrating cutting-edge smart factory technologies, we aim to enhance quality, efficiency, innovation and sustainability while supporting our customers’ evolving needs,” said Dato Goh Guek Eng, CEO of Hotayi Electronic.

The expansion will feature advanced automation, AI-driven analytics, and IoT-enabled processes, reinforcing Hotayi’s leadership in smart manufacturing. This investment aligns with Malaysia’s New Industrial Master Plan 2030, which focuses on technological advancements and local talent development.

Since its establishment, Hotayi has been a key player in Malaysia’s electronics industry, continuously investing in infrastructure and talent to support global customers. This latest expansion reflects its confidence in Malaysia as a strategic manufacturing hub.

For more information, please visit www.hotayi.com.

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

About 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 Hotayi Electronic (M) Sdn. Bhd.
Founded in 1992, Hotayi Electronic (M) Sdn. Bhd. is a leading electronics manufacturing services (EMS) provider, specializing in high-quality, innovative, and reliable solutions for global brands. With a strong focus on smart manufacturing, sustainability, and cutting-edge technology, Hotayi serves industries including communications, automotive, data centers, and memory products.

With over three decades of experience, Hotayi has continuously expanded its footprint, investing in state-of-the-art smart factories and integrating AI-driven manufacturing to enhance efficiency and quality. The company’s unwavering commitment to excellence, customer satisfaction, and industry innovation has positioned it as a trusted partner for multinational corporations worldwide.

For more information, please contact:

MIDA
Mr. Mohd Mazlan Mokhtar
Director of Electrical & Electronics Division
T: + 603-2267 3638
E:[email protected]

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

Hotayi
Mr. Jordan Lee
Planning & SCM Director
T: +604-506 9898
E: [email protected]

Hotayi Electronic (M) Sdn. Bhd. Breaks Ground on RM500 Million Smart Factory Expansion, Creating A Thousand Jobs

KEDAH, 17 March 2025 – EVE Energy Co. Ltd. (EVE Energy) has officially committed to a significant expansion of its Malaysian operations, signing a landmark Memorandum of Understanding (MoU) with InvestKedah. The agreement, focusing on Phase 2 of EVE Energy’s manufacturing facility development, promises to revolutionise Malaysia’s energy storage capabilities while creating substantial employment opportunities.

The MoU was formally signed on 16 March 2025 between Mr. Noor Ikhsan Bin Abdul Aziz, Chief Operating Officer of InvestKedah, and Mr. Liu Jian Hua, President of EVE Energy Co. Ltd. The signing ceremony was witnessed by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), highlighting the strategic significance of this collaboration.

EVE Energy’s “Phase 2 expansion” is designed to meet escalating global demand for energy storage system (ESS) solutions, driving innovation and sustainability within the sector. This project will generate over 1,000 new job opportunities, reflecting the company’s commitment to Malaysia’s economic development. Furthermore, EVE Energy is dedicated to forging strong alliance with Malaysian suppliers, fostering a robust and technologically advanced local supply chain.

By prioritising collaboration with local vendors, EVE Energy aims to establish a comprehensive battery manufacturing ecosystem in Malaysia. The influx of international suppliers through this expansion will provide valuable mentorship and technical expertise, empowering Malaysian enterprises and propelling growth within the local industry.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade, and Industry (MITI), expressed his strong support for the initiative, “EVE Energy’s Phase 2 expansion in Kedah is a powerful testament to how clearly Malaysia has articulated its position as a forward-thinking hub for advanced manufacturing and sustainable energy solutions, through policies such as the New Industrial Master Plan (NIMP) 2030, the National Automotive Policy (NAP) and the National Energy Transition Roadmap (NETR). This strategic investment in cutting-edge battery production for energy storage systems plays a pivotal role in strengthening our national energy security and commitment to environmental sustainability, by advancing the electrification and next-generation vehicle technology. What is equally important is how this helps foster a more robust local supply chain and creates high-value job opportunities, paving the way for Malaysia to lead in Southeast Asia’s green economy.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, emphasised the broader significance of this MoU, “The signing of this MoU between EVE Energy and InvestKedah is a testament to Malaysia’s commitment to fostering sustainable economic growth, technological innovation, and the rapid expansion of our EV ecosystem. As we accelerate towards a cleaner and more energy-secure future, strategic investments like this play a vital role in positioning Malaysia as a regional leader in EV and battery technology.

With EVE Energy’s expertise and commitment, alongside Malaysia’s strong industrial ecosystem, we are not just building factories—we are building opportunities, empowering local talent, and strengthening our position in the regional clean energy supply chain.”

Mr. Liu Jincheng, Chairman and Founder of EVE Energy Co. Ltd, stated that, “EVE Energy’s Malaysia factory, as the first step in its global expansion, will focus on creating an international benchmark project. It aims to drive the green energy transformation through technological innovation and advanced manufacturing capabilities, contributing to local economic development and job growth. He expressed special gratitude to Malaysian government for their strong support of the expansion project and emphasised that the deepened cooperation between both parties plays a crucial role in promoting the high-quality development of the new energy industry chain in Southeast Asia.

Malaysia’s Commitment to Sustainable Mobility

In 2024, Malaysia recorded RM15.8 billion in approved investments in the transport equipment sector, reflecting the nation’s strong commitment to building a sustainable mobility ecosystem. By leveraging this momentum, EVE Energy’s expansion will contribute significantly to the advancement of EV technology, reinforcing Malaysia’s position as a leader in clean energy solutions and accelerating the transition towards net-zero emissions.

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

About EVE
Founded in 2001, EVE was first listed on Shenzhen GEM in 2009. After over 20 years of rapid development, EVE has become a globally competitive, full-scenario lithium battery platform company. (Stock Code: 300014)

We are dedicated to “Powering boundless potential through integrated battery solutions,” building a comprehensive research and development platform spanning from materials, cells, BMS to system integration, and forming five major business segments: consumer batteries, power batteries, energy storage batteries, industrial chain strategic collaboration and the CLS Global Cooperation Business Model. The products are widely applied in the fields of Smart Life, Green Transportation, Energy Transformation, and so on.

Facing a digitally driven sustainable future, we envision “Empower the world with EVE Energy” and rely on our capabilities in “Global Manufacturing, Global Cooperation, Global Service” to join hands with value chain partners to provide reliable support for ubiquitous energy demands.

For more information, please contact:

MIDA
Ms. Noor Suziyanti Saad
Director of Transportation Technology Division
Phone: + 603-2267 3575
Email: [email protected]

EVE Energy
Mr. He YingShen
Director of EVE Energy Malaysia Sdn. Bhd
Email: [email protected]

EVE Energy’s Phase 2 Energy Storage System Expansion Set to Generate Over 1,000 Jobs for Malaysians

PENANG, 6 MARCH 2025 – Chemlite Innovation Berhad (Chemlite), a prominent engineering support services provider specialising in surface finishing treatment services, announced the launch of its Prospectus on 5 March 2025 in conjunction with its Initial Public Offering (IPO) on Bursa Securities. This key milestone event marks a significant phase in Chemlite’s strategic expansion, reinforcing its commitment to innovation and strengthening Malaysia’s industrial ecosystem.

As part of its strategic growth initiatives, the company has acquired industrial leasehold land from Penang Development Corporation within Penang Science Park North. This acquisition will enable the development of a new 100,000-square-foot, state-of-the-art facility, designed to enhance the company’s production capacity. This expansion will also further enhance operational efficiencies and broaden Chemlite’s service portfolio, strengthening its position as a key contributor to Malaysia’s rapidly growing semiconductor and electrical and electronics (E&E) industries.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority, expressed his support, “Chemlite Innovation Berhad’s expansion represents a strategic milestone in Malaysia’s industrial development. This initiative strengthens our E&E industry in particular semiconductor while advancing our technological capabilities. Their investment aligns perfectly with the New Industrial Master Plan 2030, creating high-skilled jobs and reinforcing our domestic supply chains. MIDA remains committed to supporting such high-impact investments that exemplify the type of high-value manufacturing that will drive Malaysia’s global competitiveness.”

Mr Chong Yuen Fong, CEO of Chemlite Innovation Berhad, commented, “MIDA, PDC, and Invest Penang have been instrumental in supporting our expansion, reinforcing Malaysia’s position as a hub for high-value manufacturing. The proactive efforts of the MADANI Government through the Ministry of Investment, Trade and Industry (MITI) and MIDA, have strengthened Penang’s industrial ecosystem, attracting global investments, which is envisaged to benefit our Company. Our new facility will enhance production capacity and enable us to better serve customers.”

Founded in 2007 and headquartered in Penang, Chemlite Innovation has built a reputation as a trusted surface finishing solutions provider, specialising in both metal and non-metal plating services. Serving critical industries, including semiconductors, E&E, and machinery and equipment, Chemlite has become an approved and trusted vendor, recognised for its technical expertise, rigorous quality assurance, and advanced automation. The Company’s existing facility at Penang Science Park features five semi-automated metal plating lines and two fully automated anodising lines.

Beyond capacity expansion, Chemlite is also focused on broadening its service offerings. By third quarter of 2025, the Company will introduce cleanroom cleaning and packaging services, ensuring the meticulous handling and protection of surface-treated intermediate metal products. This expansion not only complements our existing service offerings but also provides customers with greater assurance in maintaining high-quality standards while reducing reliance on external providers, further enhancing Chemlite’s competitive edge.

With strategic growth initiatives targeted for completion by the fourth quarter of 2026, Chemlite remains committed to delivering excellence in surface finishing solutions and assuming a pivotal role in the advancement of Malaysia’s semiconductor and high-value manufacturing industries.

-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 Chemlite Innovation Berhad
Chemlite Innovation Berhad (“Chemlite” or the “Company”) is a leading engineering support services provider, specialising in surface finishing treatment services. Incorporated in Malaysia, Chemlite focuses on delivering innovative metal plating and non-metal plating solutions for diverse industries, including semiconductors, telecommunications, medical devices, and automotive sectors. With its advanced technical capabilities, state-of-the-art facilities in Penang Science Park, and a commitment to quality and innovation, Chemlite has earned its reputation as a trusted global vendor, catering to both local and multinational clients.

For more information, visit https://www.chemlite.com.my/. 

For more information, please contact:

MIDA
Ms. Zakiah Sajidan
Director of Machinery & Metal Technology Division
Phone: + 603-2267 6769
Email: [email protected]

Chemlite Innovation Berhad
Jazzmin Wan
Tel: +60 17-289 4110
Email: [email protected]
William Yeo
Tel: +60 16-213 2103
Email: [email protected]

Chemlite Innovation Berhad: Driving Growth Through IPO and Facility Expansion

First-Ever National Partnership with ARM Targets Semiconductor Design Capabilities, Talent Development, and Positions Malaysia As Asia’s IC Design Hub

Kuala Lumpur, 5 March 2025 – The Malaysian Investment Development Authority (MIDA) and ARM Limited today announced a landmark national partnership that promises to reshape Malaysia’s semiconductor landscape. This groundbreaking collaboration marks ARM’s first-ever country-level partnership, positioning Malaysia at the forefront of global semiconductor innovation.

In line with the objectives of the New Industrial Master Plan 2030 (NIMP 2030) and National Semiconductor Strategy (NSS) launched by the Ministry of Investment, Trade & Industry (MITI), the four-year strategic partnership will revolutionise Malaysia’s semiconductor ecosystem through three key initiatives. First, it will establish comprehensive training programmes for 10,000 IC design engineers, creating a robust talent pipeline for the industry. Second, it will provide selected Malaysian companies with privileged access to ARM’s cutting-edge technology and IP portfolio. Third, it will facilitate the development of locally designed semiconductor products, advancing the nation’s goal of producing more advanced chips in Malaysia.

ARM’s decision to select Malaysia as its first Southeast Asian partner sets clear objectives that will help elevate the country’s semiconductor sector. Minister of Investment, Trade, and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Aziz, outlined the positive impact of this collaboration, “MITI is happy to have played a role in facilitating this partnership, in collaboration with the Ministry of Economy and Ministry of Finance. This and all other high-tech investments including RM55.8 billion of approved E&E investments for 2024, are a clear testimonial of our YAB Prime Minister’s leadership in helping us close deals with global names who appreciate Malaysia’s value proposition as an investment destination. All these investments will equip Malaysia with the target semiconductor design capabilities that our economy needs to generate higher value exports and move our industry players up the global supply chain. The MIDA-ARM agreement, in particular, will train 10,000 Malaysian engineers in IC design and pave the way for our country to produce Malaysian-made chips that meet global standards, while creating more opportunities for our SMEs and higher-value jobs for our people.”

Building on this vision, MIDA Chief Executive Officer, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, emphasised the partnership’s transformative potential, “This agreement marks a pivotal shift in Malaysia’s semiconductor journey. We’re creating pathways for local companies to evolve from backend manufacturing to high-value chip design. This partnership establishes Malaysia as a self-sustaining innovation hub, attracting global semiconductor leaders while developing our local talent pool. The timing perfectly aligns with increased foreign investor interest in Malaysian design activities.”

This collaboration comes on the heels of Malaysia’s remarkable investment performance in 2024, which saw RM378.5 billion in approved investments, the highest in the nation’s history—a 14.9% year-on-year growth.

The Electrical and Electronics (E&E) industry, a pillar of Malaysia’s industrial strength, led the surge, attracting RM55.8 billion in investments and accounting for 46.3% of the manufacturing sector’s total. This underscores Malaysia’s pivotal role in the global technology supply chain, reinforcing the nation’s attractiveness as a hub for high-value innovation, semiconductor design, and advanced manufacturing.

As Malaysia solidifies its position in the global semiconductor value chain, the MIDA-ARM partnership is poised to catalyse further growth, attract top-tier investments, and foster homegrown innovation, ensuring Malaysia’s continued leadership in the semiconductor industry of the future.

-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.

Media Contacts:

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

MIDA and ARM Limited Forge Agreement to Boost Malaysia’s Semiconductor Industry

RM95 Million Investment Brings Advanced Manufacturing and Local Job Creation to Perak

Kamunting, Perak, Malaysia, 1 March 2025 –Green Excel Manufacturing Sdn, Bhd. (GEM) inaugurated its state-of-the-art manufacturing facility in Taiping, Perak, marking a significant milestone in the company’s expansion. This facility exemplifies GEM’s unwavering commitment to innovation, quality, and the advancement of both its global and local operations.

The company was established with the objective of becoming a prominent manufacturer in the cleanroom architectural products sector. The company specialises in the production of wall panels, ceiling systems, doors, and window systems. In order to guarantee optimal efficiency, safety, and international quality standards, the organisation implements sophisticated automation into its production processes. GEM provides services to a variety of sectors, such as semiconductors, electric vehicles, data centers, pharmaceuticals, food and beverage, and scientific research laboratories. GEM aims to increase its production capacity to satisfy the increasing demand in these industries, both domestically and for export markets, through the construction of this new facility.

The grand opening ceremony welcomed esteemed guests, including Yang Amat Berhormat Dato’ Seri Haji Saarani Bin Mohamad, Menteri Besar of Perak, YB Dato’ Mohammad Zahir Abdul Khalid, Speaker of Dewan Negeri Perak, YB Tuan Loh Sze Yee, State EXCO for Tourism, Industry, Investment, and Corridor Development, YB Tuan Ong Seng Guan, Member of the Legislative Assembly for Pokok Assam, and Yang Berusaha Tuan Haji Mohamad Hashim Bin Abdul Ghani, Chief Executive Officer of Perak Investment Management Centre (InvestPerak), Mr. Dyrul Syahrytz Mohd. Daud, Director of MIDA Perak among many other industry and local representatives.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), lauded GEM’s strategic expansion, “Green Excel Manufacturing’s investment in Taiping, Perak is a strong testament to Malaysia’s growing position as a hub for high-value, technology-driven manufacturing. By integrating advanced automation and precision engineering, GEM strengthens our Machinery and Equipment (M&E) industry while creating high-value jobs for our rakyat. This perfectly aligns with our New Industrial Master Plan (NIMP) 2030 vision, where Malaysian talent drives innovation and automation across our industrial landscape. Most importantly, this investment creates a positive chain reaction throughout our communities. It upskills our local workforce, strengthens Malaysian supply chains, and opens new doors for our young talents to excel in advanced manufacturing. This is how we build a stronger, more prosperous Malaysia.”

CEO of InvestPerak, Mr. Mohamad Hashim Abdul Ghani highlighted “Perak always ready to support industrial expansion from neighbouring States. Provided with complete infrastructure, abundant of natural resources, sufficient high-skill talents, matured industrial ecosystem, and competitive cost of doing business, Perak starts to emerge as one of focus destinations for new investment. Perak is strategically located at the midpoint between Penang and Selangor which are two industry powerhouses in Malaysia. This makes Perak as a favourable location for company that produce product or provide services for potential clients in both Penang and Selangor, because by operating in Perak, they can connect to both markets more easily.”

Ms. Yip Pek San, Director of Green Excel Manufacturing Sdn. Bhd., reflected on the company’s voyage and emphasised the company’s future vision in her speech. “In 2016, Green Excel Engineering & Consultancy was established with the initial objective of trading semiconductor-related products in Europe. This was the beginning of Green Excel Manufacturing. We have since broadened our capabilities and reach, and in 2022, we opened our inaugural manufacturing facility in Poland. We are delighted to announce the opening of our new facility in Taiping today, as part of our ongoing dedication to meeting the growing needs of the industries we support.”

Ms. Yip provided additional details regarding the organization’s commitment to innovation and superior manufacturing. “At Green Excel Manufacturing, we specialise in the production of cleanroom architectural products, with a particular emphasis on wall panels, ceiling systems, doors, and window systems that are essential to critical industries.” Our facility in Taiping is entirely equipped with advanced automation machinery, which improves safety, enhances production efficiency, and maintains international quality standards.

RM95 Million Investment – Strengthening the Local Economy

GEM’s RM95 million investment encompasses comprehensive development plans. The funding supports advanced machinery acquisition and working capital needs. Land development, pre-operational expenses, and infrastructure improvements form key investment components. This strategic allocation ensures sustainable long-term growth.

In addition, the company’s partnership with Advanced Technology Training Centre (ADTEC) demonstrates commitment to workforce development. This collaboration ensures continuous skill enhancement for local talent in Perak state. The partnership creates pathways for career advancement in advanced manufacturing.

In 2024, Malaysia’s manufacturing sector continued to demonstrate its strength and resilience, securing RM120.5 billion in investments—31.8% of the total approved investments of RM378.5 billion. Notably, the M&E industry emerged as the third-largest subsector, attracting RM10.6 billion in approved investments.

-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 InvestPerak:

Perak Investment Management Centre (PIMC) also known as InvestPerak, was established in January 2006 to serve as the ‘First Point of Contact for Investors’ in the manufacturing and services sectors in Perak. It primarily acts as the principal investment promotion agency of the Perak State Government and reports directly to the YAB Menteri Besar Perak. Perak State Government have mandated InvestPerak as secretariat for Centre of Investment (COI), which empowered the function of InvestPerak as facilitator in assisting investors to invest in Perak. To facilitate the implementation of investment projects in Perak, COI@InvestPerak have the authority to issue ‘Fast-Track Letter’ for strategic projects, which put the investment projects as a priority for all relevant agencies in their approval process. Apart from that, InvestPerak complements the role that the Malaysian Investment Development Authority (MIDA) plays at the Federal Government level, in terms of investment promotion and relevant incentives offering. InvestPerak also work closely with other related government departments and agencies, business chambers and industrial associations to ensure that the industries in Perak continue to grow and flourish.

About Green Excel Manufacturing Sdn Bhd

Green Excel Manufacturing Sdn Bhd, a prominent manufacturer located in Kamunting, Perak, is a specialist in the production of high-performance wall systems, ceiling systems, door and windows systems for cleanrooms. While adhering to international safety and environmental regulations, these products are engineered to meet rigorous industry standards, thereby guaranteeing optimal conditions for semiconductor, pharmaceuticals, electronics, food and beverage and scientific research. Green Excel, the first factory in Perak to implement automation machinery for cleanroom products, is a pioneer in the production of precision, efficiency, and consistency. The company is a trusted provider of contamination-controlled solutions due to the fact that this advanced technology minimizes reliance on manual labor and upholds the highest standards of safety and sanitation. In addition to cleanroom panels, Green Excel provides a diverse selection of wall and ceiling systems that are specifically designed for a variety of industrial applications. These products are designed to provide long-term performance, ease of installation, and durability, making them ideal for facilities that necessitate controlled environments and strict hygiene. The company offers sustainable and effective solutions by incorporating the most recent materials and manufacturing advancements through continuous innovation. Green Excel is dedicated to the expansion of its product portfolio in order to satisfy the changing needs of the industry, with a particular emphasis on research and development. The company produces high-quality, sustainable products that improve industrial safety, efficiency, and environmental responsibility by integrating eco-friendly manufacturing with advanced technology.

For more information, please contact: 

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

InvestPerak
Mohamad Noor Arif
Investor Relations Manager
+6013-4475312
[email protected]

Green Excel Manufacturing Sdn Bhd
Khor Why Ping
General Manager
Tel: +6016 2542672
Email: [email protected]

Green Excel Manufacturing Launches State-of-the-art Cleanroom Facility in Perak

Kuala Lumpur, 20 March 2024 – The Malaysian Investment Development Authority (MIDA) and Enterprise Singapore (EnterpriseSG) had enhanced the jointly managed Malaysia-Singapore Business Development Fund (MSBDF) for Third Countries. Businesses are highly encouraged to tap into the fund, which was first established in 2004 to strengthen cooperation between the private sectors of both countries.

A significant enhancement to the provisions of the MSBDF agreement was agreed upon on 30 October 2023 between YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Malaysia’s Minister of Investment, Trade, and Industry (MITI) and H.E. Gan Kim Yong, Singapore’s Minister of Trade and Industry. The fund facilitates both countries to jointly pursue opportunities in third countries and conduct joint pilots in each other’s country, especially in emerging areas such as green economy and digital economy.

Tengku Zafrul said, “Malaysia and Singapore’s unique relationship is underscored by our geographical, as well as long-standing economic and shared cultural ties. The joint business objectives MSBDF reflect the depth and breadth of those ties, making it easier to leverage on existing synergies for both nations’ private sectors to explore business and investment opportunities in third countries. The enhancements to MSBDF make it more conducive for future collaborative efforts. We strongly encourage businesses to tap into the MSBDF, another important platform through which we can create and deliver more tangible benefits for our people and businesses.”

Reinforcing this viewpoint, Datuk Wira Arham Abdul Rahman, the Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), expressed his contentment with the ongoing collaboration. “Our partnership with Enterprise Singapore highlights Malaysia’s prominent role in fostering regional economic growth. We are committed to significantly expanding our economic cooperation, encouraging the private sectors of both countries to delve into the digital and green economies. Through initiatives like Joint Trade Missions, Joint Feasibility Studies, and Joint Pilots, we are dedicated to promoting economic expansion. Moreover, MIDA is poised to facilitate companies that are keen to explore these new avenues, ensuring a streamlined process for those looking to capitalise on the opportunities presented by the MSBDF.”

The MSBDF, administered by MIDA and Enterprise Singapore (EnterpriseSG), welcomes applications from Malaysian and Singaporean businesses and associations.

Malaysian SMEs can visit MIDA’s official website https://www.mida.gov.my/invest-in-malaysia/business-facilitation/ for further details on guidelines, eligibility criteria, application procedures and funding mechanisms.

***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:

Mr. Nazuki Abdullah
Director of Cross Border Investment Division Malaysian Investment Development Authority (MIDA)
Email: [email protected] / [email protected] | DL: +603-2267 6688

Companies Encouraged to Utilise Malaysia-Singapore Business Development Fund (MSBDF) to Tap Into Commercial Opportunities in Third Countries

PENANG, 18 MARCH 2024 – QES Group Berhad (QES), a global leader in the semiconductor industry, is advancing in its commitment to sustainable practices and innovation, aligning with Malaysia’s vision to be a front-runner in Environmental, Social and Governance (ESG) leadership in Southeast Asia.  This commitment is exemplified through its latest initiative; the establishment of RM40 million plant in Batu Kawan Industrial Park, Penang (QES 2@BKIP) and its adoption of solar energy as a renewable source to decrease reliance on conventional electricity.

QES 2@BKIP is designed to minimise its environmental impact and integrate with its surroundings, aiming to achieve green building certification by utilising eco-friendly materials and implementing renewable energy solutions. This project is expected to create 100 high-quality job opportunities within 3 years.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) remarked, “The New Industrial Master Plan (NIMP) 2030 has clearly laid out Malaysia’s industrial reform journey towards achieving higher economic complexity, technological prowess, sustainability, as well as economic inclusivity. The convergence of two or more of these objectives through NIMP’s target sectors will help speed up our industrial reform, and we see this in QES’s upcoming plant where innovative hi-tech semiconductor manufacturing meets sustainability. Such convergence will also help Malaysia’s manufacturing sector move up the global value chain more quickly, while creating better-paying jobs for our people, and contributing to our net zero future.”

Datuk Wira Arham Abdul Rahman, CEO of the Malaysian Investment Development Authority (MIDA), highlights the significance of the ESG theme in reshaping contemporary business practices, particularly within the semiconductor industry. He commends QES, stating, “QES’s sustainability goals dovetail seamlessly with the prevailing trend among companies and investors to prioritise ESG considerations. I am heartened to see their dedication to innovation and sustainability, evidenced by their prioritisation of renewable energy solutions and eco-friendly materials. With ESG now a top priority, collaborative partnerships are essential for semiconductor firms to make progress on decarbonisation. MIDA stands fully supportive of such endeavours, recognising their potential to not only generate high-quality job opportunities but also shape a more sustainable future for generations to come.”

“QES is committed and taking significant steps in achieving our ESG milestones as we recognise the undeniable importance of sustainable practices, therefore we prioritise achieving operational profitability whilst focusing on the ESG criteria as critical components in business sustainability. QES is confident that QES 2@BKIP will further reinforce our presence and foster our efforts for growth and success” said Chew Ne Weng, Group Managing Director of QES Group Berhad.

Simultaneously, QES 2@BKIP will be used to house the joint venture company, Applied Engineering Technology (M) Sdn. Bhd. (“AETM”) with its USA counterpart Applied Engineering Inc. This will double AETM’s factory space from its current rented facility of 18,000 square feet to approximately 30,000 square feet and doubling its manpower requirements over the next 3 years.

With a focus on ESG principles, QES is poised to lead the way towards a more sustainable future, positioning the company as a leader in the semiconductor industry and in Malaysia’s vision for a sustainable future.

– End –

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

About QES Group Berhad
QES Group Berhad (“QES” or the “Group”) is listed on the Main Board of Bursa Malaysia Securities Berhad. Through its subsidiaries, QES Group is principally involved in the manufacturing, distribution, and provision of engineering services for inspection, test, measuring, analytical and automated handling equipment.

The Group serves customers from a broad range of industries primarily semiconductor, electrical & electronics, automotive & metal, petrochemical and mining industry.

QES is listed under the Industrial Products & Services Sector (Name & Code: QES & 0196).

For more information about QES Group Berhad, please visit https://www.qesnet.com/.

For more information, please contact:

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

QES Group Berhad
Ms. Alicia Chan
Sr. Personal Assistant to the Group Managing Director
Telephone: 03-5882 6668
Email: [email protected]

QES Group Berhad Empowers ESG via Its New RM40 Million Manufacturing Plant in Penang

• In Emerging and Developing Asia, Malaysia excels, especially in Financial Services and Institutional Framework, surpassing the regional average.

• Globally ranked 5th for Investors’ Rights, highlighting Malaysia’s dedication to securing a trustworthy investment environment.

• High rankings in Business Perception, Financial Services, and Institutional Framework categories underscore Malaysia as a comprehensive investment destination.

• Malaysia stands above the rest in Emerging and Developing Asia by exceeding the average in all GOI categories, showcasing its broad-based appeal.

• With solid investment conditions, Malaysia offers a relatively lower-risk environment, promising stability and growth potential.

Kuala Lumpur, Malaysia, 15 March 2024 – In light of the recent Global Opportunity Index (GOI) 2024 report by the Milken Institute, which distinguished Malaysia as the leading nation among Asia’s emerging and developing countries in terms of overall investment conditions, the Malaysian Investment Development Authority (MIDA) proudly acknowledges this landmark achievement. Malaysia’s commendable global rank of 27, surpassing regional competitors like Thailand and China, marks a significant milestone in the nation’s economic development journey.

Highlighted in the report, Malaysia emerges as a standout among the top ten (10) countries in emerging and developing Asia, boasting a strong institutional framework and balanced strengths across economic, financial, and regulatory domains. Surpassing its counterparts in all five (5) categories of the Global Opportunity Index, Malaysia offers a comparatively lower-risk investment landscape, setting it apart from other developing Asian markets.

This prestigious ranking is a direct reflection of the relentless efforts by the Malaysian Government, spearheaded by the Ministry of Investment, Trade and Industry (MITI), with MIDA playing a crucial role in enhancing the ease of doing business and smoothing out the investment process across the nation. From extensive trade and investment missions to forging international partnerships, Malaysia’s concerted efforts are bearing fruit, unlocking potential investments worth billions. Notably, the recent strategic Working Visit to Germany, led by the Prime Minister Dato’ Seri Anwar Ibrahim, together with the Minister of Investment, Trade, and Industry YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz, marked a significant milestone with prospective investments amounting to RM45.4 billion. This venture, coupled with a similarly fruitful mission to Australia, which resulted in commitments from Australian companies to invest RM24.5 billion, underscores Malaysia’s adeptness in navigating the international investment landscape.

A Commitment to Excellence and Continuous Improvement

MIDA has been at the forefront of implementing strategies and initiatives aimed at improving Malaysia’s investment landscape. By focusing on reducing bureaucratic hurdles, enhancing transparency, and ensuring a competitive and supportive environment for both domestic and international investors, MIDA has contributed significantly to this international recognition.

“MIDA is dedicated to building upon this success by continually enhancing our services and support systems for investors,” said Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA. “Our goal is to not only maintain Malaysia’s position as a prime investment destination in Asia but also to elevate our standing on the global stage. We are devoted to making Malaysia the ultimate investment sweet spot by ensuring a more seamless and efficient investment process across the nation.”

In alignment with the sentiments expressed by the MITI Minister YB Senator Tengku Datuk Seri Zafrul Abdul Aziz, MIDA reiterates its commitment to addressing the key pain points along the investor’s journey and optimising the investment climate in Malaysia. Future initiatives will focus on digitalisation, sustainability, and innovation, ensuring Malaysia remains attractive to sectors that are pivotal for future economic growth, aligning with policies in place such as the New Industrial Master Plan 2030, the National Energy Transition Roadmap and the Twelfth Malaysia Plan.

MIDA’s strategic approach includes enhancing partnerships, both locally and internationally, to foster a collaborative investment environment. These efforts are part of a broader national strategy to secure Malaysia’s position as the gateway to Asia for investors seeking growth, innovation, and sustainability.The recognition by the Milken Institute underscores the effectiveness of Malaysia’s economic policies and the concerted efforts of all stakeholders, including government agencies, industry players, and the investment community. MIDA, in collaboration with MITI and other Ministries and Agencies at both federal and state levels, will continue to drive forward Malaysia’s investment agenda and ease-of-doing-business, leveraging the country’s strategic location, political stability, robust infrastructure, and dynamic workforce.

As Malaysia strides into the future, MIDA invites investors from around the globe to explore the diverse opportunities in the country that is not only strategically positioned but is also committed to fostering responsible and sustainable investments and building an inclusive economic landscape for the nation.

***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

MIDA Celebrates Malaysia’s Top Ranking in Global Investment Conditions by Milken Institute

Bukit Tagar, Selangor, 13 March 2024 – J&T Berjaya Alam Murni Sdn. Bhd. (JBAM), a collaborative venture among Berjaya Enviro Holdings, J&T Recycling Corporation of Japan, and JFE Engineering (M) Sdn. Bhd. is proud to announce the inauguration of its state-of-the-art Waste-to-Energy (SWTE) Plant at Bukit Tagar Enviro Park (BTEP). This cutting-edge SWTE facility, integral to the Sustainable Scheduled Waste Treatment Centre (SSWTC), features a highly efficient thermal scheduled waste treatment system in compliance with the standards set by the Department of Environment (DOE) Malaysia.

The opening ceremony was graced by YBrs. Dr. Norhazni Binti Mat Sari, Deputy Director General of Operation, DOE Malaysia, Ministry of Natural Resources and Environmental Sustainability. Among the distinguished guests were Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation, of the Malaysian Investment Development Authority (MIDA) and H.E. Katsuhiko Takahashi, Ambassador of Japan to Malaysia.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, commended JBAM’s partnership on pioneering waste management solutions in Malaysia, stating, “This venture addresses growing need for comprehensive waste management facilities driven by our nation’s industrial growth. Waste management stands as a critical issue in the country, and the Malaysian Government is proactively enhancing the system to address environmental concerns and promote sustainable waste practices. The SSWTC plant exemplifies JBAM’s commitment to corporate responsibility, setting a benchmark for local businesses to address the scarcity of such facilities. In an era where environmental, social, and governance (ESG) principles are paramount, initiatives like these are crucial for promoting sustainable development and effectively tackling climate change challenges.”

In his address, Mr Koh Chee Yong, the Managing Director of JBAM, emphasised the successful realisation of the SWTE project is the culmination of efforts involving dedicated team members, crucial support from government authorities and various stakeholders. This includes DOE, MIDA, Malaysian Green Technology and Climate Change Corporation (MGTC), JFE Engineering, Amita Corporation and the project’s financier, Ambank Group.

The event marks an ultimate milestone in the strategic collaboration between Berjaya Enviro Holding, J&T Recycling Corporation and JFE Engineering (Malaysia) since the conceptualisation of the project back in 2017 and is looking forward to continue the collaboration with JFE in exploring future opportunities for the development of environmental related projects in Malaysia.

“We would like to thank Government Authorities, DOE Malaysia, MIDA, MGTC, Ambank and all our customers from industrial and private sectors for the continuous support and wish to reiterate that the SWTE plant is another significant step by BTEP towards the aspiration of effectively “Setting the Benchmark for Sustainable Waste Management”.”

“The SWTE plant is our newest facility within the SSWTC inside BTEP designed for thermal treatment of scheduled waste with a heat energy recovery system to increase the recycling rate of scheduled waste via our synergistic operations in BTEP.  It is also worth to note that 250 direct jobs have been created to support the management and operation and maintenance of the SWTE Plant,” he added.

BTEP stands as an integrated treatment centre for both municipal solid waste and scheduled waste in Malaysia, reflecting Berjaya Enviro Group’s commitment to advancing the circular economy. Aligned with the Cradle-to-Cradle concept promoted by the DOE, the modern facilities, including the 12 MW Landfill Gas to Renewable Energy plant and the 100% Scheduled Waste to Alternative Raw Material (ARM) Recycling plant, assume pivotal role in transforming waste into valuable resources and renewable energy.

These initiatives resonate with our nation’s sustainability agenda and green technology development goals. Notably, these projects have received significant supports from MIDA, through tax incentives and facilitation of collaborations with various government agencies.

The aspirations set forth in the New Industrial Master Plan 2030, particularly within Mission 3: Push for Net Zero, are significantly bolstered by robust waste management strategies. JBAM aims to foster sustainable economic growth and pave the way for a more environmentally conscious future in Malaysia. This project is particularly warmly embraced, aligning seamlessly with our promoted activities, as underscored by the enhanced tax incentives announced in the Budget 2024. The optimistic anticipation is for the actualisation of additional waste management facilities, fulfilling the objective of efficient waste management and the adoption of high technology and high value-added practices.

***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, Tik Tok and YouTube.

About J&T Berjaya Alam Murni Sdn Bhd (JBAM)
J&T Berjaya Alam Murni Sdn Bhd (JBAM) is a joint-company comprise of Berjaya Enviro, J&T Recycling Corporation of Japan and JFE Engineering (M) Sdn Bhd to undertake the development and management of Sustainable Schedule Waste Treatment Centre (SSWTC) located in Bukit Tagar, Hulu Selangor, Malaysia. The SSWTC is an Integrated Waste Management Facility approved by the Department of Environment that can receive, treat and disposed 76 out of 77 Scheduled Waste Codes, namely clinical, toxic and hazardous waste generated from medical facilities, small, medium and heavy industries.

For media enquiries, please contact:

MIDA
Mr. Nelson Samuel
Director of Green Technology Division
Tel:03-22673635
Email: [email protected]

J&T Berjaya Alam Murni Sdn Bhd
Mr. Peter Wong
Chief Executive Officer
Tel: 03-26886333
Email: [email protected]

JBAM Inaugurates Its RM172 Million New and State-of-the-Art Scheduled Waste-to-Energy Plant

Achieving over 60% Completion Towards Yielding Abundance Economic Spillovers Across Four States

Kuala Lumpur, March 8, 2024 – The Malaysian Investment Development Authority (MIDA) has organised the first-of-its-kind Seminar on the East Coast Rail Link – Economic Accelerator Project (ECRL-EAP) Business and Investment Opportunities together with our strategic partners, the Malaysia Rail Link Sdn. Bhd. (MRL) and PLANMalaysia. This milestone event marks a significant stride forward following the signing of the Memorandum of Understanding (MoU) between the MIDA and China Communications Construction Company Ltd. (CCCC) in 2019 in Beijing, China.

The seminar was officially inaugurated by YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz, Minister of Investment, Trade and Industry (MITI), and witnessed the attendance of key figures Federal and State Governments such as Chairman of MIDA, Tan Sri Dato’ Seri Dr. Sulaiman Mahbob; CEO of MIDA, Datuk Wira Arham Abdul Rahman; CEO of MRL, Datuk Seri Darwis Abdul Razak; and Director General of PLANMalaysia, TPr Dr. Alias Rameli, as well as State Executive Council Members from Kelantan, Terengganu, and Selangor: YB Mejar (B) Dato’ Haji Md Anizam Bin Ab Rahman, YB Tuan Mohd Nurkhuzaini Ab Rahman, and YB Tuan Ng Sze Han; Deputy State Secretary (Development) of Pahang, YH Dato’ Ali Syahbana Bin Sabaruddin. This gathering of over 200 participants from GLICs, property developers, industry leaders, SMEs and business associations underscored the seminar as a vital platform for fostering networking, collaboration, and insight sharing.

In his keynote address, YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz, Minister of MITI lauded, “The ECRL is poised to be a game-changer for Malaysia, linking us more closely to the Pan-Asia railway network and enhancing our connectivity with ASEAN and the EURASIA regions. Valued at almost RM75 billion, the ECRL – linking Kelantan, Terengganu, Pahang and Selangor – is also a cornerstone for socio-economic growth and is expected to increase Malaysia’s GDP by 3.78% by 2047.”

He highlighted that, as of February 2024, the project has reached an impressive completion rate of 62.4%, with the alignment in each state progressing steadily towards the finish line. This current completion rate underscores the ECRL-EAP’s crucial role in driving economic parity across Malaysia, in line with the New Industrial Master Plan 2030 agenda, especially Mission 4, which focuses on safeguarding economic complexity and security, to further promote inclusivity and shared prosperity.

Chairman of MIDA, Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, expressed, “As we aim for a united, prosperous, and dignified Malaysia, it’s essential to focus on restructuring our economy towards innovation and high-value, knowledge-based activities. The ECRL project is a cornerstone of this vision, promising to generate business and employment opportunities, particularly in industrial parks, logistics hubs, and transit-oriented developments.”

The Chief Executive Officer (CEO) of MRL, Datuk Seri Darwis Abdul Razak said, “We anticipate the ECRL to accelerate the shift of cargo movements from road to rail to help ease congestion and environment-related concerns such as lower carbon footprints when it operates in less than three years’ time. Furthermore, the ECRL will be an electrified rail network that will be operated with renewable energy, thus, providing green logistics for Peninsular Malaysia and in particular the East Coast states.”

He further added, “The ECRL–EAP aims to maximise the potential of the 20 ECRL stations that will be featured along the ECRL corridor, consisting of 10-passenger only stations and another 10 stations combining for passenger & freight. This corresponds with the business model projection of the ECRL, wherein it anticipates that 70 percent of its revenue will primarily come from the freight sector, with the remaining 30 percent stemming from passenger services.”

A highlight of the event was the official handover of the ECRL Integrated Land Use Master Plan (PeGTaECRL) from Director General PLANMalaysia to the CEO of MIDA. This momentous occasion signifies a new chapter in Malaysia’s strategic development, with the PeGTaECRL, serving as a blueprint for development along the ECRL routes. Focused on the 20 strategically identified stations, the plan aims to attract investments and foster harmony between the country’s East and West Coast regions. The collaboration between PLANMalaysia and MIDA underscores a commitment to integrated planning, economic growth, and regional connectivity. By aligning land use planning with transportation infrastructure, the PeGTaECRL aims to optimise development opportunities, enhance connectivity, and promote balanced progress across the country’s east and west coasts.

MIDA, alongside its strategic partners, is committed to promoting the ECRL-EAP to its fullest potential. Local and international investors are invited to participate in these economic transformative projects, while stakeholders are encouraged to engage in capacity-building activities to drive the project’s success.

-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 MRL
MRL, a wholly-owned subsidiary of the Minister of Finance (Incorporated) [MOF (Inc.)], is the project owner of the ECRL. It is an electrified railway project by the Government of Malaysia linking the East Coast states (Kelantan, Terengganu, Pahang) to the Klang Valley region.  ECRL connects state capitals, major urban centres, industrials hubs, ports, airports, and tourism zones and it interchanges with existing railway line in Peninsular Malaysia. ECRL is poised to help boost Malaysia’s economy and is also part of the East Coast Economic Region (ECER) Masterplan to achieve equitable growth and development between the east coast and west coast of Peninsular Malaysia. The ECRL is scheduled for operation in January 2027 and expected to link Kota Bharu to ITT Gombak in 4 hours as compared to 7 hours by road transport or some 12 hours or more during festive seasons.

For more information, please contact:

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

MRL
Yong Min Wei
Tel.: +6012 3866 123
Email: [email protected]

The First-Of-Its-Kind Seminar on East Coast Rail Link – Economic Accelerator Project (ECRL – EAP) Business and Investment Opportunities

Kuala Lumpur, 8 March 2024 – The Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA) are taking proactive and positive steps in response to Goodyear’s decision to close its manufacturing facility in Shah Alam. It’s essential to highlight the ongoing strategic dialogue between MITI, MIDA, and Goodyear that precedes this announcement. This dialogue, a testament to our collective preparedness, has ensured that the closure aligns with broader strategic objectives and exemplifies the adaptability and strength of our partnership.

Importantly, Goodyear, alongside its shareholders, has been in close coordination with the Government well before this decision was publicised, working diligently to establish a support framework for the employees. This pre-emptive collaboration demonstrates our collective commitment to the well-being of the workforce, underlining that our efforts to assist the affected employees is undertaken with foresight and responsibility.

Approximately 550 employees will be directly affected by the shutdown. Goodyear emphasises its dedication to handling this transition with the utmost respect and transparency for all its employees and associates. This development is part of Goodyear’s global move aimed to achieve USD1.0 billion in annualised cost savings by 2025. The company has been operating at a loss since 2017, prompting a strategic shift towards optimising its operations. As part of its restructuring, Goodyear has indicated plans to transition from manufacturing to a distributor business model, focusing on premium profitable segments, building capability in sales and marketing, strengthening the distribution network, and improving the cost structure.

To mitigate the impact on the affected workforce of Goodyear, the Government, through initiatives led by MITI and MIDA, has mobilised specialised team to facilitate job placements, as well as offering upskilling and reskilling programmes. In helping affected parties for job placement, previous efforts have been shown effective, turning challenges into opportunities.Leveraging its experience, MIDA has actively engaged with PERKESO and Jabatan Tenaga Kerja through the newly formed Invest Malaysia Facilitation Centre to facilitate job placement assistance for employees from various sectors. This collaborative effort underscores the potential for similarly effective support mechanisms to be extended to those affected by the Goodyear’s Shah Alam plant closure, demonstrating a committed approach to workforce transition and resilience.

This intervention is a testament to our unwavering commitment to supporting our local workforce through transformative industrial changes, drawing on previous successful collaborations with companies undertaking similar rationalisation as part of their business plans for closure or downsizing, ensuring workers are well-positioned for new and fresh job opportunities. This situation underlines the importance of MITI and MIDA’s commitment to supporting affected workers and fostering resilience.  This also reflects our adaptability and determination to secure the well-being of the workforce and the economic vitality of the nation.

Building on this resilient foundation, Malaysia achieved a historic investment performance in 2023. With a remarkable RM329.5 billion of approved investments across various economic sectors, this is a testament to the strength of the country’s policies designed to foster growth and investment opportunities. Notably, within the manufacturing sector alone, which accounted for RM152 billion of the total approved investments, a significant portion—62.9%, or RM95.5 billion—originated from existing businesses expanding and diversifying their operations. This indicates a strong vote of confidence from established companies in Malaysia’s economic stability and growth prospects.

MIDA’s analysis of annual project implementation reveals a consistent and noteworthy trend: over 85% of approved manufacturing projects in 2021 and 2022 have been implemented. For approved projects in 2023, already 50.1% of these have reached the implementation stage. It is to be noted that this is highly encouraging, considering that manufacturing projects will generally take 18 to 24 months to complete, depending on the level of complexity of each project.

Such achievements reflect Malaysia’s substantial potential for delivering attractive returns amidst its journey towards becoming a developed and inclusive economy. Moreover, the nation’s notable improvement from 32nd to 27th in the 2023 IMD World Competitiveness Ranking serves as a clear testament to the confidence placed in Malaysia by the global investment community.

The Government, through MITI and MIDA, remains steadfast in our dedication to advancing our goals under the MADANI Economy Framework, driving quality job creation and economic benefits to our rakyat. Our emphasis on innovation and sustainability positions Malaysia as a global model of progress and environmental stewardship, ensuring a prosperous and responsible future for all.

***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 

MITI and MIDA’s Proactive Response and Support Amid Goodyear’s Shah Alam Plant Shutdown

The new facility will serve as a hub for research and development (R&D), manufacturing and distribution of furniture fittings, catering to global customers’ demands

Penang, 5 March 2024 – Actiforce, a global leader in the furniture components industry originating from the Netherlands, has officially achieved a new milestone in Malaysia with the opening of its new state-of-the-art plant in Penang. The high-technology facility stands as a testament to Actiforce’s commitment to innovation, sustainability, and continued growth. The RM50 million manufacturing facility will be instrumental in the comprehensive production of integrated furnishing tools for ergonomic furniture designs and solutions, with a focus on using the finest raw materials, ensuring product quality control and meeting distribution targets.

Actiforce has been elevating work spaces since 2004, catering to international markets while constantly improving processes for sustainable manufacturing to meet customers’ demands in lifestyle improvement. As part of Germany’s Hettich Group, one of the world’s largest and most successful manufacturers of furniture fittings, Actiforce will be able to benefit from the Group’s extensive worldwide network. ‘Hardware manufacturer’, Hettich Group develops and produces innovative functional fittings and convertible platforms – from drawer and runner systems to hinges and foldings, and sliding door systems, combining intelligent technology, multifunctionality, comfort and design for homes, offices, industry, hospitality, education and healthcare needs.

Actiforce’s new plant will serve as the hub for R&D, manufacturing and distribution of furniture fittings to cater to international markets, namely Europe and The United States of America. It will be instrumental in Actiforce’s global expansion. The move to consolidate manufacturing capabilities in one area, creating a comprehensive one-stop centre, exemplifies Actiforce’s commitment to lean manufacturing and delivering better value to customers. The company aims to enhance the local economy, generate employment opportunities for the local community, and solidify its position as a key contributor to regional prosperity.

Actiforce is committed to smart manufacturing practices with its state-of-the-art facility equipped with the latest technology and cutting-edge machinery. Investments in special robotic welding and Trumpf machines are designed to revolutionise manufacturing processes, ensuring precision, speed, and adaptability. This will enable Actiforce to enhance productivity, reduce wastage, prioritise sustainability and workplace safety in an effort to manufacture exceptional and efficient products that are industry-relevant, and that distinguish itself in the market.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang stated, “Often lauded for its well- developed industrial ecosystem, Penang is proud to host Actiforce as the State continues to showcase its capacities and capabilities to support the needs of industrial players in next- generation technologies and growth strategies. I am optimistic that Actiforce will continue to reap many benefits from its operation in Penang, the Silicon Valley of the East.”

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) underscores Actiforce Mechatronic Technology (M) Sdn.

Bhd.’s commitment to Malaysia’s industry supply chain stating, “The Government affirms Actiforce’s confidence in Malaysia’s furniture parts and fittings sector, recognising its potential to meet global demand. The presence of premium components and skilled expertise not only enhances the nation’s competitiveness in furniture manufacturing but also stimulates growth across the value chain of various industries and consumer products.”

“The nation proudly boasting 2,600 established projects in fabricated metal-based products with investments over RM40 billion and supported by 170,000 skilled workforce to welcome more global manufacturers, like Actiforce leverage on Malaysia’s robust industrial ecosystem. With the increasing technological development and advancement of high-quality components by companies like Actiforce, Malaysia’s position as a global supply chain and distribution hub is further solidified,” he added.

The opening of the new plant will pave the way towards creating employment opportunities for local talents across various categories. Currently, Actiforce has over 50 high-quality talents. As the business expands, the workforce is expected to triple with job opportunities for a broader range of specialists and generalists. In addition to creating jobs, Actiforce is committed to equipping talents with the right skills as they immerse themselves in new technologies, and comprehensive training programmes in specialised fabricated tools. Experts and specialists from Hettich headquarters are also ready to guide and upskill the local talents. Actiforce has allocated 2,000 hours of employee training by German experts to introduce these new technologies. This reflects Actiforce’s commitment to not just create jobs but also invest in relevant programmes to boost their skills and expertise across different roles throughout the organisation.

The new state-of-the-art facility located at Bukit Minyak Industrial area, spans approximately 13,300 sq ft. Actiforce projects that the new plant will generate a revenue of RM148 million for the year 2024, with 99% contributing to the export market.

Mr. Harry Slingerland, the Chief Financial Officer of Actiforce commented, “We are thrilled to inaugurate our new facility in Penang, a significant milestone in our journey of global expansion. This state-of-the-art facility reflects our commitment to pushing the boundaries of innovation and delivering unparalleled quality in our products and services. Penang has proven to be an ideal location for Actiforce due to its strategic positioning, skilled workforce, and the supportive business environment provided by the local community and government. We are excited about the opportunities that this facility will bring, not only for Actiforce but also for the Malaysian economy.

“We appreciate our working relationship with MIDA and the Penang State government. Their invaluable support has paved the way for our growth, and we eagerly anticipate a fruitful and lasting business partnership as Actiforce extends its footprint in Penang,” concluded Mr. Slingerland.

-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 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), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

About Actiforce:
Actiforce Factory is our state-of-the-art manufacturing division located in Penang, Malaysia. The factory is responsible for the entire production process, from purchasing raw materials to product quality control to distribution. Since 2004, Actiforce has manufactured for all our international markets, creating a movement that provides solutions with constant focus and improvement on the processes for a more sustainable manufacturing to ensure we live up to people´s expectations and demands of a good partner for a better lifestyle. [www.actiforce.com]

Part of something bigger:
Actiforce is part of one of the world’s largest and most successful manufacturers of furniture fittings, Hettich [www.hettich.com], founded in 1888 with more than 8,000 employees in almost 80 countries. We work together towards the goal of developing intelligent technology for furniture.

The new facility in Penang marks a significant milestone in the company’s journey, solidifying its position as a key player in the global marketplace.

For more information, please contact,

MIDA
Manjit Kaur Balkar Singh
Director, Food Technology & Resource Based Industries
+603-2267 3509 | [email protected]

InvestPenang
Elaine Cheah / Arief Ferdaus Communication & Business Intelligence
[email protected] / [email protected]

Actiforce
Michael Woedd
Global Marketing Director [email protected]

Actiforce Establishes a RM50-Million, State-Of-The-Art Manufacturing Facility in Penang

Empowering Healthcare Innovation, Revolutionising Patient Care

Pasir Gudang, Johor, 5 March 2024 – Masimo Medical Technologies Malaysia Sdn. Bhd. (Masimo Malaysia), a mission-based medical device and technology company known for solving “unsolvable” problems in patient care, proudly announces the grand opening of its first facility in Pasir Gudang, Johor. This milestone event marks the culmination of months of meticulous planning, dedication, and collaboration, positioning Masimo as a leading player in advancing medical technology and patient care in Malaysia. In recognition of Malaysia’s essential role in fostering medical innovation and investment, the grand opening ceremony was attended by distinguished guests and dignitaries, including government officials from the Malaysian Investment Development Authority (MIDA).

Masimo Malaysia, stands as the sole manufacturer in the country, producing the “Pulse Oximetry Adhesive Sensor and Pulse Oximeter.” These testing tools used to measure the pulse rate and the level of oxygen (oxygen saturation) in the blood. The “Pulse Oximetry Adhesive Sensor” is a disposable, single-patient-use sensor designed for use with the Masimo system, particularly SET (Signal Extraction Technology – The technology that allows accurate monitoring of arterial oxygen saturation and pulse rate, even during motion). Meanwhile, the “Pulse Oximeter” is designed as a portable, handheld, and battery-powered continuous pulse oximeter monitoring device.

Strategically located near key seaports and international airports, the 133,000 square feet facility boasts cutting-edge production areas and warehouse spaces designed to facilitate the development and distribution of innovative medical solutions. With a total build-up area of 133,000 square feet, including a production area spanning 81,220 square feet and a warehouse area covering 46,631 square feet, the company is poised to enhance its manufacturing capabilities and meet the growing demand for high-quality medical devices.

Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed, “The opening of Masimo Medical Technologies Malaysia’s facility is a clear testament to the country’s growing influence in the global medical technology landscape. It is not only signifying a major leap for Masimo Malaysia but also strengthens the medical devices ecosystem in the Southern Region. It underscores the confidence in Malaysia’s business-friendly environment and the robustness of our medical device supply chain, affirming the country’s status as a preferred destination for high-value manufacturing and innovation-driven investments. This fully export-oriented project will be supported by Malaysian technical workforce with more than 27% of the total manpower ranging from managerial, technical, and supervisory category.”

“The initiative aligns with the New Industrial Master Plan 2030, aiming for a more integrated medical devices industry to enhance competitiveness through better resource use, cost savings, increased innovation, and advanced product development. MIDA is excited to support Masimo Malaysia’s growth, which complements our strategy to make Malaysia a leading hub for medical technology development and manufacturing.”, added Datuk Wira Arham.

“We are thrilled to celebrate the grand opening of Masimo Medical Technologies Malaysia Sdn. Bhd. and reaffirm our commitment to advancing medical technology and patient care in Malaysia,” said Mr. Jayakumar Krishnan, Plant Manager of Masimo Medical Technologies Malaysia Sdn. Bhd. “Our cutting-edge facility represents a significant investment in the future of healthcare, and we are excited to leverage Malaysia’s strategic location and robust infrastructure to drive innovation and growth in the region.”, he added.

Since its inception in September 2022, Masimo Medical Technologies Malaysia Sdn. Bhd. has made significant strides in establishing its presence in the region. From the commencement of the hiring process and site commissioning to the completion of production area renovations and commencement of direct labour hiring, the company has demonstrated unwavering commitment and determination in realising its vision of improving patient outcomes and reducing the cost of care.

As the company embarks on this new chapter of growth and expansion, it remains steadfast in its mission to improve patient outcomes and revolutionise the healthcare industry through innovation, collaboration, and excellence.

In 2023, the medical devices industry saw the approval of 26 projects, attracting investments totalling RM2.1 billion. Among these, nine new projects accounted for RM773.9 million (36.3%) of the investments, while the remaining 17 were expansion or diversification projects, contributing RM1.4 billion (63.7%).

– 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, Tik Tok and YouTube.

About Masimo

Masimo (NASDAQ: MASI) is a global medical technology company that develops and produces a wide array of industry-leading monitoring technologies, including innovative measurements, sensors, patient monitors, and automation and connectivity solutions. In addition, Masimo Consumer Audio is home to eight legendary audio brands, including Bowers & Wilkins, Denon, Marantz, and Polk Audio. Our mission is to improve life, improve patient outcomes, and reduce the cost of care. Masimo SET® Measure-through Motion and Low Perfusion™ pulse oximetry, introduced in 1995, has been shown in over 100 independent and objective studies to outperform other pulse oximetry technologies.1 Masimo SET® has also been shown to help clinicians reduce severe retinopathy of prematurity in neonates,2 improve CCHD screening in newborns,3 and, when used for continuous monitoring with Masimo Patient SafetyNet™ in post-surgical wards, reduce rapid response team activations, ICU transfers, and costs.4-7 Masimo SET® is estimated to be used on more than 200 million patients in leading hospitals and other healthcare settings around the world,8 and is the primary pulse oximetry at 9 of the top 10 hospitals as ranked in the 2022-23 U.S. News and World Report Best Hospitals Honor Roll.9 In 2005, Masimo introduced rainbow® Pulse CO-Oximetry technology, allowing noninvasive and continuous monitoring of blood constituents that previously could only be measured invasively, including total hemoglobin (SpHb®), oxygen content (SpOC™), carboxyhemoglobin (SpCO®), methemoglobin (SpMet®), Pleth Variability Index (PVi®), RPVi™ (rainbow® PVi), and Oxygen Reserve Index (ORi™). In 2013, Masimo introduced the Root® Patient Monitoring and Connectivity Platform, built from the ground up to be as flexible and expandable as possible to facilitate the addition of other Masimo and third-party monitoring technologies; key Masimo additions include Next Generation SedLine® Brain Function Monitoring, O3® Regional Oximetry, and ISA™ Capnography with NomoLine® sampling lines. Masimo’s family of continuous and spot-check monitoring Pulse CO-Oximeters® includes devices designed for use in a variety of clinical and non-clinical scenarios, including tetherless, wearable technology, such as Radius-7®, Radius PPG®, and Radius VSM™, portable devices like Rad-67®, fingertip pulse oximeters like MightySat® Rx, and devices available for use both in the hospital and at home, such as Rad-97® and the Masimo W1® medical watch. Masimo hospital and home automation and connectivity solutions are centered around the Masimo Hospital Automation™ platform, and include Iris® Gateway, iSirona™, Patient SafetyNet, Replica®, Halo ION®, UniView®, UniView :60™, and Masimo SafetyNet®. Its growing portfolio of health and wellness solutions includes Radius T°® and Masimo W1 Sport.

Additional information about Masimo and its products may be found at www.masimo.com. Published clinical studies on Masimo products can be found at professional.masimo.com/evidence/featured-studies/feature/.

MIDA

Ms. Azlina Hamdan
Director, Life Sciences & Medical Technology Division
Tel: +603-2267 3791 Email:  [email protected]

Masimo

Ms. Daphne Tan
PR Director, XIN° Communications
Email: [email protected]

Masimo Malaysia Unveils Its First Medical Device Production Facility in Johor

IPOH, PERAK, MALAYSIA, 1 MARCH 2024 – China-based manufacturer of solar encapsulant film, Zhejiang Sinopont Technology Co., Ltd. established its first manufacturing facility outside China in Ipoh, Perak today. The opening ceremony was officiated by the Menteri Besar of Perak State, Yang Amat Berhormat Dato’ Seri Saarani Mohamad.

The opening ceremony was also attended by Perak State EXCO for Tourism, Investment, Industry and Corridor Development YB Loh Sze Yee, Chairman of Zhejiang Sinopont Technology Co., Ltd. Mr. Xianglai Cao, Director of the Malaysian Investment Development Authority (MIDA) Perak Office, Mr. Mohd Fairuz Iqbal Mohd Akhbar and and other government officials.

Zhejiang Sinopont Technology Co., Ltd. through its fully-owned subsidiary in Malaysia, Sinopont Everthriving (Malaysia) Sdn. Bhd. will immediately commence its operation in Tasek Industrial Park, Ipoh, Perak, producing solar cell encapsulant film with production capacity of 85 million square meter encapsulants to cover about 10 GW demand. Sinopont’s investment in Perak will be implemented in a few phases, and expected to reach the production capacity of 300 million square meter encapsulants to cover about 30 GW demand. Perak State and Sinopont will continue to collaborate in planning for future potential expansion projects in Perak, including potential to establish a comprehensive ecosystem for solar industry in Perak.

During Perak Menteri Besar’s investment promotion mission to the People’s Republic of China (PRC) in October 2023, Perak Investment Management Centre (InvestPerak) has signed a Memorandum of Understanding (MoU) with Sinopont Everthriving (Malaysia) Sdn. Bhd. to reinforce cooperation between both parties in ensuring project implementation in Perak including future project expansion will be successfully realized.

The Perak Menteri Besar in his opening ceremony speech mentioned “Sinopont’s decision to invest in the state of Perak not only reflects the advantages of our state’s business environment, but also demonstrates our shared commitment to promote economic growth while preserving the environment for future generations. Perak is now an investment destination that is increasingly attracting the interest of various investors both from domestic and foreign investors, further strengthened by the rapid growth of infrastructure, skilled workforce, and active support from the government to industry players in line with the “Pelan Perak Sejahtera 2030” agenda, which focusing on investor friendly program. These factors make Perak an attractive choice destination for companies looking for a strategic location to start and expand their business operations.”

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA expressed his support and excitement, saying “This collaboration between Zhejiang Sinopont Technology Co., Ltd. and Malaysia, facilitated by MIDA, reflects our commitment to reinforcing Malaysia’s stature as a central hub in the global renewable energy landscape. The establishment of Sinopont’s manufacturing facility in Perak not only positions Malaysia for a more influential role in the global solar market but also leverages our strategic advantages to spur innovation and sustainable growth within the renewable energy sector. This landmark investment is in line with the objectives of Malaysia’s New Industrial Master Plan (NIMP) 2030, aimed at focusing on advancing economic complexity and fostering innovation-driven growth.”

“I am confident that this venture of Sinopont will contribute to Malaysia’s ecosystem in developing the circular economy industry and will strengthen the resilience of our supply chains landscape,” added Datuk Wira Arham.

The CEO of InvestPerak, Mr. Mohamad Hashim Abdul Ghani highlighted “The investment made by the company is a testimony of strong confidence showed by foreign investors to Perak. The State government will assist, provide support, and facilitate any new investments coming to Perak. For strategic project, InvestPerak will issue a ‘fast-track letter’ to expedite approvals required by company from authorities to ensure smooth implementation of the project. InvestPerak will continuously working hand in hand with MITI and MIDA to promote Perak as the preferred investment destination in Malaysia.”

The investment by Sinopont Everthriving (Malaysia) Sdn. Bhd. is expected to create employment opportunities to about 300 Malaysian once it is running at full capacity. Through this project, Sinopont will strengthen the ecosystem of solar panel manufacturing industry in Malaysia, particularly within the Northern Region of Malaysia.

****

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 InvestPerak:

Perak Investment Management Centre (PIMC) also known as InvestPerak, was established in January 2006 to serve as the ‘First Point of Contact for Investors’ in the manufacturing and services sectors in Perak. It primarily acts as the principal investment promotion agency of the Perak State Government and reports directly to the YAB Menteri Besar Perak. Perak State Government have mandated InvestPerak as the secretariat for Centre of Investment (COI), which empowereds the function of InvestPerak as the facilitator in assisting investors to invest in Perak. To facilitate the implementation of investment projects in Perak, COI@InvestPerak have has the authority to issue ‘Fast-Track Letter’ for strategic projects, which put the investment projects as a priority for all relevant agencies in their approval process. Apart from that, InvestPerak complements the role that the Malaysian Investment Development Authority (MIDA) plays at the Federal Government level, in terms of investment promotion and relevant incentives offering. InvestPerak also works closely with other related government departments and agencies, business chambers and industrial associations to ensure that the industries in Perak continue to grow and flourish.

About Zhejiang Sinopont Technology Co., Ltd.:

Sinopont is one of the leading enterprises in encapsulant film in China. We are a solid national high-tech enterprise engaged in the research and development, production, and sales of unique polymer films. We are the only authorized manufacturer and distributor of 3M POE & EVA films worldwide. Since its establishment, the company has been committed to the research and development, production, and sales of high-end functional films, including pure POE, EVA, and white film. We are at the forefront of the industry in terms of product performance. Our products have passed the tests and certification of TUV, SGS, UL, and other professional institutions, as well as ISO9001 certification, 14000 environmental system certifications, and certification for the mark of manufactured products in Zhejiang. Since the company’s inception, the total number of employees has exceeded 1,200 and the size of the company continues to grow.

Media Contacts

MIDA
Ms. Siti Halimaton binti Mohd Rejab
Director of Chemical Division and Advance Materials
T: +603 2267 6701
E: [email protected]

InvestPerak
Mr. Mohamad Noor Arif Zakaria
Investor Relations Manager
T: +6013-4475312
E: [email protected]

Zhejiang Sinopont Technology Co., Ltd
Mr. Siyu Zhai
Assistant General Manager
Sinopont Everthriving (Malaysia) Sdn. Bhd.
[email protected]
05-5412255

Zhejiang Sinopont Technology Co., Ltd. Establishes Its First Manufacturing Facility Outside China in Perak, Malaysia

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

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

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

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

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

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

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

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

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

*****

About MIDA

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

About Invest Johor

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

For more information, please contact:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

-ENDS-

About MIDA

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

About DHL – The Logistics Company for the World

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

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

For media enquiries, please contact:

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

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

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

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

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

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

SEMICON Southeast Asia 2023 Highlights

• CxO Summit on Boosting Agility and Resiliency for the Electronics Supply Chain in SEA
  
  
• Roundtable discussion on investment opportunities in Southeast Asia

• Workforce Development
  • Career fair and talksSEMI SEA University Bootcamp
  • Launch of SEMI University, an online learning management system comprising courses targeted towards industry professionals in the semiconductor and electronics industry.

• Forums  
  • SMART MobilityMarket and Industry trendsSMART EnterpriseAdvanced PackagingSMART MedTechAdvanced Product Testing
  • Sustainability

• Smart & Sustainable Manufacturing Journey to help expand the adoption of Industry 4.0 best practices in the semiconductor industry. 

• Start-ups Showcase featuring the latest innovative semiconductor manufacturing solutions that are available in the market.

• Industry VIP Networking Night for attendees to connect with industry leaders and experts.

What SEMI Southeast Asia partners have to say

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

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

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

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

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

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

About MIDA

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

About InvestPenang

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

About SEMI

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

Media Contacts

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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About MIDA

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

For more information, please contact:

MIDA

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

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

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

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

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

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

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

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

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

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About MIDA

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

For more information, please contact:

MIDA

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

MIDA Spearheads The Investment Promotion In Hydrogen Economy