KULIM HI-TECH PARK, KEDAH, 27 NOVEMBER 2025 – MFMY Sdn. Bhd., a subsidiary of MFSG and leading provider of semiconductor Automated Material Handling System (AMHS) solutions, has established its presence in Malaysia with the official opening of its new manufacturing and service centre. Located at the KHTP SME Park in  Kulim Hi-Tech Park (KHTP), Kedah, the nearly 2,000 square meter facility is MFSG’s first integrated manufacturing and service hub in Southeast Asia and is equipped for full global delivery.

The launch ceremony was attended by senior representatives from the Malaysian government, key semiconductor clients, industry associations such as SEMI, local supply chain partners, and the executive team from MFMY’s parent company，MeetFuture Technology, as well as colleagues from MFSG and MFMY—together witnessing a pivotal milestone in the company’s global expansion.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of Malaysian Investment Development Authority (MIDA), remarked, “MFMY Sdn. Bhd.’s integrated hub in Kulim Hi-Tech Park strongly endorses Malaysia’s strategic push toward high-value, high-technology manufacturing. This investment aligns seamlessly with the New Industrial Master Plan (NIMP) 2030, which aims to build a more sophisticated, resilient, and technologically advanced economy. As Malaysia advances its National Semiconductor Strategy (NSS), the Machinery and Equipment (M&E) sector—particularly in Automated Material Handling Systems (AMHS) plays a pivotal role. Companies like MFMY, are essential enablers of the future semiconductor ecosystem, providing the automation and critical infrastructure necessary for our world-leading wafer fabs and packaging giants to maintain global competitiveness and move up the value chain.”

In the officiating remarks, Puan Sunita Binti Abdul Aziz, YDP PBT TPHTK, stated, “The establishment of MFMY Sdn. Bhd. within Kulim Hi-Tech Park reflects the strong confidence that investors have in Kulim as a strategic industrial hub. We look forward to seeing MFMY grow, innovate, and contribute to the district’s economic progress. The local authority remains committed to facilitating an ecosystem that supports industrial excellence and sustainable development.”

Dato’ Haji Mohd Sahil Zabidi, Group CEO of Kulim Technology Park Corporation (KTPC), stated;

“MFMY’s presence in KHTP is aligned with our mission to nurture high-value industries and empower SMEs to scale alongside global players. We believe this new facility will strengthen MFMY’s operational readiness and open new opportunities for collaboration within the KHTP ecosystem. KTPC is proud to support their journey and will continue enabling an environment where companies can thrive.”

“This base marks a critical node in MeetFuture Technology’s global AMHS network,” said Mr. Tee Keng Teck, President of MeetFuture Malaysia, during the ceremony. “With over 50 wafer fab clients worldwide, the launch will significantly shorten our overseas delivery cycles and enhance service responsiveness, providing more efficient and reliable localized support to our global partners. We are grateful for the trust of the Malaysian government and the strong backing from our group headquarters. Moving forward, we are committed to deepening local operations and growing together with our partners in the region.”

Mr. Miao Feng (Ricky), Group Chairman of MeetFuture Technologies, stated, “Malaysia brings together world-leading chip manufacturers, packaging giants, and a vibrant, collaborative supply chain supported by proactive government policy and organizations like SEMI. This dynamic ecosystem is precisely why we chose Kulim, Kedah for our global manufacturing hub. The launch here is a key step in our strategy to connect Southeast Asia with Europe and serve the global market.”

Looking ahead, Mr. Miao emphasised that the Kedah facility will become the launchpad for an expanded international footprint, providing advanced, intelligent, and sustainable AMHS solutions to customers around the world.

Ms. Ke Na(kona), Vice President of MeetFuture Technology, added, “MeetFuture will respect local cultures and uphold compliance, focusing on employee development and local industry integration. By investing in talent, sustainability, and partnership, we aim to drive not only our own growth but also the ongoing advancement of the Southeast Asian semiconductor ecosystem, creating a win-win future with Malaysia.”

The opening of MFMY’s facility comes as Malaysia’s Machinery and Equipment industry continues to attract strong investment interest. For the first nine months of 2025, the industry recorded RM6.4 billion in approved investments, underscoring its critical role in supporting Malaysia’s semiconductor ecosystem and advanced manufacturing capabilities.

-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 MFMY

MFMY, located in Kulim Hi-Tech Park, Malaysia, is MeetFuture’s first global manufacturing and service center, covering nearly 2,000 square meters and commencing operations in November 2025. MFMY’s launch will enhance the flexibility and resilience of MeetFuture’s global AMHS supply chain, reaffirming our commitment to delivering stable and reliable solutions to clients worldwide, and strengthening our position as a trusted partner in the semiconductor manufacturing industry.

About MFSG Pte. Ltd.

As the hub of MeetFuture’s global market operations, MFSG is based in Singapore, with a core team drawn from leading overseas wafer fabs, each with over 20 years of AMHS technical expertise. This enables deep insights into semiconductor manufacturers’ needs and challenges. Working closely with MeetFuture’s R&D teams in China, MFSG customizes AMHS solutions for global front-end fabs, advanced packaging facilities, and back-end test and assembly plants, establishing long-term partnerships based on trust and shared success.

About KTPC

Kulim Technology Park Corporation Sdn. Bhd. (KTPC) is the developer and manager of Kulim Hi-Tech Park (KHTP), Malaysia’s first high-tech industrial park. Established since 1996, KTPC’s primary activities include developing and promoting KHTP, as well as building, leasing and renting industrial and non-industrial buildings. KHTP is recognized as a leading global science city, attracting numerous high-tech multinational companies. KHTP is strategically positioned with excellent infrastructure, logistics connectivity, and support services, making it an ideal location for both local and international businesses.

For media enquiries, please contact:

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

KTPC
Ms. Siti Norsakeena Mohd Arshad
Head of Corporate Communication
Tel: +604-403 2420 ext 134
Email: [email protected]

MFMY Sdn. Bhd. Launches First Integrated Manufacturing and Services Hub in Southeast Asia

PULAU PINANG, Malaysia, 25 November 2025 – Polyplas Sdn. Bhd., a Malaysian-owned precision injection moulding manufacturer and key subsidiary of Ge-Shen Corporation Berhad, is strengthening its strategic presence in Malaysia’s manufacturing landscape with the establishment of a new high-technology plant in Penang, launched on 21 November 2025.

Supported by a committed investment comprising of RM24 million for the new manufacturing facility and RM50 million for advanced machinery and automation, the expansion reflects the company’s continued commitment to strengthening its technologically sophisticated and high-value production activities. The enhanced capabilities are expected to elevate operational efficiency, accelerate Industry 4.0 adoption and reinforce Malaysia’s overall competitiveness in innovation-driven manufacturing. 

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of Malaysian Investment Development Authority (MIDA), emphasised the significance of the project to Malaysia’s industrial development agenda, “MIDA wholeheartedly welcomes Polyplas’s latest expansion, which stands as a strong testament to a homegrown manufacturer advancing up the value chain. Through our strategic investment facilitation, regulatory coordination, and ongoing advisory support, MIDA is proud to champion local champions like Polyplas in their transformation towards high-value, technology-intensive operations. By deepening its specialisation in high-quality plastic components for critical sectors such as industrial products, med-tech products, and consumer goods, Polyplas is contributing meaningfully to Malaysia’s economic complexity.”

“This investment exemplifies the outcome-based, technology-driven growth central to the New Industrial Master Plan 2030 agenda, anchored on advanced manufacturing, high-value job creation, and stronger innovation capacity. The commitment to creating skilled employment opportunities and nurturing local talent through structured training and university collaborations directly supports our national priority of developing a future-ready workforce. Polyplas’s sustained focus on technological adoption, automation, and Industry 4.0 integration further reinforces Malaysia’s position as a globally competitive, innovation-led industrial nation. We are confident that this expansion will inspire more Malaysian companies to embrace innovation and scale up their capabilities to meet the demands of tomorrow’s economy,” he added.

Mr. Andrew Teoh, Managing Director of Polyplas Sdn. Bhd., expressed, “We are delighted to announce the official opening of our new manufacturing facility, marking a significant milestone in our growth journey and reaffirming our commitment to delivering excellence to our customers. This new factory represents not only a significant investment in advanced technology and production capability, but also in our people, our community, and the future of our industry. Equipped with state-of-the-art machinery and sustainable production systems, this facility will enhance our operational efficiency, increase capacity, and support our expansion into new markets. More importantly, it reinforces our dedication to delivering high-quality products while maintaining responsible and environmentally friendly manufacturing practices. The opening of this new factory also brings exciting opportunities for the local workforce.”

“We are committed to creating meaningful jobs, nurturing talent, and contributing positively to the community we now proudly call home. This milestone would not have been possible without the trust of our customers, the support of our partners, and the hard work of our entire team. Together, we look forward to driving innovation, strengthening our competitiveness, and building a brighter future for the company and the communities we serve,” he added.

The expansion has created new high-skilled positions across engineering, technical operations, moulding, quality control, automation, and management. Polyplas is also intensifying its talents development efforts through structured training, upskilling programmes and university collaborations that support Malaysia’s national talent development priorities.

Established in 1988, Polyplas has steadily expanded its production footprint and technical competencies. The company acknowledges the continuous support of the Ministry of Investment, Trade and Industry (MITI), MIDA, and relevant agencies in facilitating its growth. Polyplas remains committed to strengthening Malaysia’s manufacturing ecosystem by supporting supply chain resilience, advancing talent, and contributing to the nation’s long-term industrial development.

*** THE END ***

About MIDA

The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) 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 Polyplas Sdn. Bhd.

Polyplas Sdn Bhd, established in 1988, is a Malaysian-owned precision injection moulding company specialising in high-quality plastic components for the industrial product, med-tech product, and consumer goods sectors. The company is committed to technological innovation, automation, workforce development, and sustainable manufacturing practices. Headquartered in Penang, Malaysia, Polyplas continues to strengthen its role within the nation’s manufacturing ecosystem. For more information, visit https://gscorp.com.my

For media enquiries, please contact:

MIDA
Siti Halimaton Mohd. Rejab
Director, Chemical and Advanced Material Division
Email: [email protected]
Phone: 603-2267 6701

Polyplas Sdn. Bhd.
Andrew Teoh
Managing Director
Email: [email protected]
Phone: +601116399836

Polyplas Launches New Facility, Advancing Local Talent and Industrial Growth

• Swift Bridge Technologies becomes Malaysia’s first local manufacturer of certified EV chargers, fully developed and assembled domestically.
• RM11.2 million over three years to establish full production lines for AC (7kW–22kW) and DC (120kW–600kW) EV chargers.
• Job creation: Over 200 skilled Malaysian jobs.
• Strategic partnerships: MoUs signed with Ideal Property Group, ChargeSini, EV Plus, and SDEC Karuna at GATE 2025, witnessed by MIDA CEO and MARii CEO.
  
  

Kuala Lumpur, 12 November 2025 — Swift Bridge Technologies (MFG) Sdn. Bhd. (Swift Bridge Technologies) will advance Malaysia’s electric vehicle (EV) manufacturing ecosystem through the localisation of EV charger production. This project involves a total investment of RM11.2 million over the next three years.

The collaboration was formalised during the Global Automotive & Technology Expo (GATE 2025) at the Kuala Lumpur Convention Centre (KLCC), where Swift Bridge Technologies signed Memoranda of Understanding (MoUs) with Ideal Property Group, ChargeSini, EV Plus, and SDEC Karuna. The MoU exchange was witnessed by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA and Mr. Azrul Reza Aziz, Chief Executive Officer of Malaysia Automotive, Robotics and IoT Institute (MARii).

Swift Bridge Technologies will establish full production lines for AC EV chargers (7kW–22kW) and DC EV chargers (120kW–600kW). The company targets an annual output of 10,000 AC chargers by 2026 and 1,000 DC chargers by 2028, positioning itself as Malaysia’s first local manufacturer of certified EV chargers.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, stated, “MIDA welcomes Swift Bridge Technologies’ initiative to localise EV charger production in Malaysia, a significant step in strengthening our domestic EV infrastructure. This investment reflects growing confidence of industry players in Malaysia’s policy direction under the New Industrial Master Plan 2030, Low Carbon Mobility Blueprint, and Green Investment Strategy. Through such collaborations, we are advancing our national objectives to attract quality, technology-driven investments, deepen local supply chains, and create high-skilled employment that supports Malaysia’s transition towards a sustainable, high-value economy.”

Building Local Capacity

Swift Bridge Technologies is investing in human capital development to train over 200 skilled Malaysian talents within the next three years. This includes professionals for maintenance, commissioning, and field service roles as well as engineers and technicians in product design, process engineering, and assembly operations.

All EV chargers produced will be tested and certified by SIRIM QAS, ensuring compliance with international and Malaysian standards for safety, reliability, and performance.

Dato’ SK Chong, Executive Chairman of Swift Bridge Technologies, stated, “This collaboration with MIDA and SIRIM marks a major milestone for Malaysia’s EV industry. Swift Bridge Technologies is proud to be the first local manufacturer of certified EV chargers, fully developed and assembled in Malaysia. Together with our partners, we are creating jobs, developing talent, and strengthening our local supply chain under a proudly Malaysian brand.”

Strengthening the EV Ecosystem

The locally manufactured EV chargers will serve a wide range of users – from Charging Point Operators (CPOs) and Property Developers to commercial and residential customers. The initiative is set to expand Malaysia’s local supply chain and reinforce the nation’s position as a regional leader in EV manufacturing and green technology innovation.

-ENDS-

About MIDA

The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. With Headquarters 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 Swift Bridge Technologies (MFG) Sdn. Bhd.

Swift Bridge Technologies (MFG) Sdn. Bhd., a subsidiary of the Swift Bridge Group, is Malaysia’s first manufacturer of certified electric-vehicle (EV) chargers, supporting the nation’s EV localisation and industrialisation roadmap.

Founded in 1989 and headquartered in Sungai Petani, Kedah, the company specialises in precision high-frequency coaxial test cable assemblies, automotive harnesses, and EV charging solutions. Swift Bridge’s locally assembled AC (7 kW – 22 kW) and DC (120 kW – 600 kW) chargers are SIRIM QAS-certified, meeting both international and Malaysian safety standards.

Through continuous investment in research & development, local talent building, and Industry 4.0–ready production, Swift Bridge is developing a strong ecosystem of Malaysian engineering excellence—driving home-grown innovation, sustainability, and global competitiveness.

For more information, visit www.swiftbridgetechnologies.com or email [email protected].

For media enquiries, please contact:

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

Swift Bridge Technologies (MFG) Sdn. Bhd.
Dato SK Chong
Managing Director
Swift Bridge Sdn Bhd
Phone: 04-261 0029
Email: [email protected]

Swift Bridge Technologies Announces its Localised Production of Malaysia’s First EV Chargers with RM11.2 Million Investment

• The Central Region initiative is projected to drive long term growth.
• Two-day programme convenes over 800 industry leaders, policymakers, business communities and investors to address supply chain integration gaps.
• Contributing an estimated RM24.5 billion to GDP annually.
• MOU signed between MIDA and MRCB signals infrastructure commitment.
• Programme features international benchmarking with Netherlands’ Brainport Industries model.

Kuala Lumpur, 11 November 2025 —The Malaysian Investment Development Authority (MIDA), together with the Department of Federal Territories and State Governments of Selangor, Negeri Sembilan and Melaka through their respective investment promotion agencies, today launched a two-day Central Region Programme that signals a maturing approach to industrial development—one that prioritises ecosystem integration.

The programme arrives at an opportune moment. Global supply chains are reconfiguring, and Malaysia’s Central Region—already home to established capabilities in financial and global services hubs, electrical and electronics, aerospace, pharmaceuticals, and food manufacturing—is positioned to capture a larger share of high-value production networks. The initiative projects RM24.5 billion in annual GDP contribution, RM12.5 billion in approved investments yearly, and 5,000 high-value jobs over five years.

At the Royale Chulan Kuala Lumpur, over 800 industry leaders, policymakers, business communities and investors convened under the theme “Innovating Industries, Connecting Markets” to align on what distinguishes this effort: its focus on strengthening supply chain linkages and enabling local enterprises to scale alongside multinational partners.

Building on Proven Strengths

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), positioned the initiative as the natural evolution of Malaysia’s industrial strategy, stating, “The Central Region Industrial Cluster Initiative strengthens Malaysia’s industrial backbone by connecting suppliers, talent, and innovation hubs—turning strong foundations into faster investment, smarter tech adoption, and real opportunities for local enterprises to scale. Aside from policy clarity, Malaysia’s revamped fiscal tools also reward real industrial outcomes: if you invest in capability, we will match it with facilitation and targeted incentives. And the Central Region cluster is where the strategy engine soars to translate pure potential into actual production, exports and jobs.”

The Minister’s emphasis on building rather than starting afresh reflects a strategic reality, the Central Region already possesses substantial industrial infrastructure, skilled workforce pools, and established manufacturing ecosystems. The programme aims to connect these assets more deliberately.

Regional Synergy in Action

YB Datuk Seri Dr. Zaliha Mustafa, Minister in the Prime Minister’s Department (Federal Territories), remarked, “The Federal Territories serve as the strategic heart of the Central Region by providing the intellectual infrastructure, global services ecosystem, innovation capacity and governance efficiency that, through strong regional synergy, enable manufacturers in neighbouring states to grow with confidence. Kuala Lumpur and Putrajaya anchor corporate functions, research and development support, advanced testing facilities, smart city readiness and a deep talent pool, which together strengthen regional competitiveness by giving investors reliable access to high-value services and seamless connectivity. Working alongside MIDA and our regional partners, the Federal Territories are committed to shape a cohesive and future-ready industrial cluster that drives sustainable and high-tech economic growth for the entire Central Region.” 

The commitment from state leadership underscores the programme’s collaborative foundation. YAB Dato’ Seri Amirudin Shari, Menteri Besar of Selangor, articulated the rationale for regional cooperation: “Selangor has substantial industrial capacity—the factories, the workforce, the infrastructure are all in place. What this programme addresses is the need to strengthen connections between our manufacturers and help them integrate with the right partners. When the four states work together, we present investors with a far more comprehensive proposition. This is fundamentally about creating shared value across the region.”

YAB Datuk Seri Utama Ab Rauf Yusoh, Chief Minister of Melaka, drew on Melaka’s proud legacy as a historic global gateway: “From the glory days of the Melaka Sultanate, our state has always been a bridge connecting regions and driving trade. Today, we are reviving that legacy not just through modern trade routes, but by strengthening advanced manufacturing networks and new growth industries. With strong halal food hub capabilities and major developments such as the Melaka Hi-Tech Park, German Technology Park and Elkay 2.0, Melaka is positioned as a key engine of Malaysia’s industrial future.”

“Melaka fully supports the Central Region development. Our strategic location and readiness enable us to contribute meaningfully to this regional ecosystem, allowing companies to tap into shared capabilities and elevate competitiveness across the nation.”, he added. 

YAB Dato’ Seri Utama Haji Aminuddin bin Harun, Menteri Besar of Negeri Sembilan, spoke to his state’s strategic positioning, “Negeri Sembilan has developed strong capabilities in aerospace, pharmaceuticals and precision manufacturing, aligned with the development plan of Malaysia Vision Valley 2.0. However, we recognise that competing effectively requires this kind of regional collaboration. When companies evaluate Southeast Asia, they assess ecosystem strength—supplier availability, workforce quality, operational efficiency. This programme strengthens our collective ability to meet those requirements.” 

Ecosystem-Driven Approach

YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, made it clear about what distinguishes this initiative, ” We have long measured success by the quantum of investments announced. This programme represents a deliberate shift—we seek investments that integrate deeply into our economy, that enable our SMEs to participate in global supply chains, and that create genuine upward mobility for our workforce. MIDA’s mandate has evolved significantly. The Central Region complements the equally significant regional economic corridors, namely ECER, NCER, Iskandar, RECODA, and SEDIA. This requires seamless collaboration between federal and state governments, meaningful partnerships between industry and academia, and a government that functions as an enabler rather than merely an authority. When we speak of transformation, this is what we mean.”

Industry Engagement and Knowledge Exchange

Day one brought together industry practitioners—including Greatech Technology, Besi Apac, Collins Aerospace, and representatives from PETRONAS—to share insights on supply chain development and digital transformation. The Malaysian Communications and Multimedia Commission led discussions on scaling 5G deployment from pilot projects to full industrial implementation, addressing both the opportunities and practical challenges of smart manufacturing adoption.

Day two’s sector-specific breakouts addressed pharmaceutical ecosystem development with Rezk Ventures, aerospace and E&E supply chain optimisation with Texas Instruments and CTRM, halal food manufacturing positioning with Nestlé and Baba’s, talent pipeline strengthening through industry-academia partnerships, and startup funding pathways from seed to Series A and beyond.

The participation of Brainport Industries from the Netherlands, a region that has successfully transformed itself into a high-tech manufacturing cluster provides valuable peer insights into collaborative industrial development models that transcend individual jurisdictions.

Timely Strategic Positioning

The initiative’s timing aligns with broader shifts in global manufacturing. As companies seek to diversify production networks and build resilience, Malaysia’s Central Region offers a compelling proposition: established industrial capability, strategic geographic position, political stability, and now, coordinated ecosystem support across state boundaries.

The exchange of a memorandum of understanding between MIDA and Malaysian Resources Corporation Berhad demonstrates infrastructure commitment beyond policy statements. The involvement of all four – Federal Territories’ Minister, Menteri Besar of Selangor and Negeri Sembilan and Chief Minister of Melaka, in substantive dialogue including a fireside chat moderated by the MITI Minister signals the depth of economical alignment behind the initiative. 

***The End***

About MIDA

The Malaysian Investment Development Authority (MIDA) is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) 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. Sukri Bin Abu Bakar
Director of Domestic Investment Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 3685

Central Region Programme Showcases Malaysia’s Collaborative Push for Industrial Growth and Supply Chain Ecosystem

Empowering Local Vendors, Strengthening Malaysia’s New Energy Ecosystem, and Building
Global Partnerships

• A high-impact Supplier Development and Partnership Programme, organised by MIDA, in collaboration with Hyundai, reinforces Malaysia’s position as a rising regional hub in the new energy and mobility ecosystem through localisation and technology transfer.
• The initiative connects 12 Malaysian vendors with Hyundai and 36 of its global Tier-1 suppliers to encourage joint ventures, technical assistance, and technology cooperation parnerships.
• The collaboration supports advancing manufacturing capabilities by boosting high-value supply chains and accelerating technology adoption in advanced manufacturing.

Kuala Lumpur, Malaysia; Seoul, The Republic of Korea (ROK) – 3 November, 2025 – The Malaysian Investment Development Authority (MIDA) in collaboration with Hyundai Motor Malaysia (HMY) organised a five-day Supply Chain Development and Partnership Programme to strengthen Malaysia’s localisation capabilities, enhance the technical expertise of local vendors, and support the country’s transition towards an advanced new energy ecosystem

Held from 27 to 31 October 2025 in ROK, the programme brought together 12 Malaysian vendors and 36 Hyundai global Tier-1 suppliers for exclusive business matching sessions, factory visits, and technology sharing engagements designed to promote collaboration and knowledge exchange. Participants also visited Hyundai’s Asan Plant and Hyundai Motor Studio, gaining first-hand insights into the company’s advanced manufacturing systems and innovation in mobility solutions.

Driving the Future Together

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA CEO, emphasised the importance of this collaboration, stating, “This partnership marks an important step in strengthening Malaysia’s position as a leading regional automotive player, in line with the National Automotive Policy (NAP) and the New Industrial Master Plan (NIMP) 2030. It reflects our steadfast commitment to driving industry transformation through innovation, technology transfer, and strong public-private collaboration. Through this partnership with Hyundai, MIDA seeks to empower Malaysian vendors to move up the value chain, enhance local capabilities, attract quality investments, and accelerate the nation’s transition towards next-generation mobility.”

Through this strategic collaboration, MIDA and Hyundai are working hand in hand to connect Malaysian vendors with regional and global Tier-1 suppliers, opening new pathways for long-term partnerships and market access. Beyond capability building, the programme also lays the groundwork for future joint ventures, technical alliances, and co-development projects, fostering a more resilient and innovation-led supply chain for Malaysia’s new energy industry.

Strengthening Malaysia’s Position in the Region

Four Memorandums of Understanding (MoUs) were also signed between Malaysian and Korean vendors to support Hyundai’s vehicle production in Malaysia through technical collaboration. This partnership is vital for strengthening the local automotive ecosystem by giving Malaysian technical vendors access to advanced technologies and manufacturing expertise. This will elevate product quality, improve efficiency, and expand technical capabilities, aligning with global standards. The collaboration also promotes local participation in the automotive supply chain, reducing import dependency while stimulating innovation, skilled job creation, and sustainable growth within Malaysia’s automotive industry.

Commitment to Long-Term Growth

“Hyundai remains deeply committed to Malaysia not only as an investor, but as a long-term partner in progress,” said Jahabarnisa Haja Mohideen, Managing Director of Hyundai Motor Malaysia. “We look forward to continuing our collaboration with MIDA, our supply chain partners, and the wider automotive ecosystem to drive sustainable growth for our partners, the economy, the government, and ultimately, our customers.”

The collaboration builds on Hyundai’s broader efforts to localise production and nurture technology-driven partnerships across the region. As part of its global vision of Progress for Humanity, Hyundai continues to champion innovation and inclusive growth: bringing world-class mobility solutions closer to communities while contributing to national economic development.

Standing from left to right: Ms Jahabarnisa Haja Mohideen, Managing Director, Hyundai Motor Malaysia, Ms Sudiana Muhamad Nawati, Deputy Director of Transportation Technology Division, MIDA and Mr. Kyu Weon Kang, Head of Procurement, Hyundai Manufacturing Malaysia Sdn. Bhd.

*****

About MIDA

The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) 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 Hyundai Motor Company

Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,’ Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. In pursuit of a sustainable future for the world, Hyundai will continue its efforts to introduce zero-emission vehicles with industry-leading hydrogen fuel cell and EV technologies.

More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai.

For More Information, Please Contact:

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

HYUNDAI MOTOR MALAYSIA
Chegne Shuk Yin
Public Relations
[email protected]
+6016-225 7830

Farisya Khairuddin
Public Relations / Innocean Malaysia
[email protected]
+6012-405 0381

Karisma Krishnasamy
Public Relations / Mad Hat Asia
[email protected]
+6016-205 0174

MIDA and Hyundai Motor Malaysia Drive Strategic Supply Chain Development, Strengthening Malaysia’s Automotive Industry

JOHOR BAHRU, 28 November 2024 – BMW Group Malaysia today commemorated the 20th Year Anniversary of the BMW Group Regional Parts Distribution Centre in Malaysia, marking this significant milestone with a landmark expansion of the cutting-edge facility, located at the Free Industrial Zone of the Senai International Airport in Johor Bahru.

The BMW Group Regional Parts Distribution Centre, established in Malaysia in 2004, has expanded its state-of-the-art facility to 65,000 square meters, from its initial 45,000 square meters. This expansion reinforces BMW’s commitment to the region and solidifies its position as one of the largest such facilities in the Asia Pacific.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), congratulated BMW on its 20th Anniversary and the launch of Phase 2 of its Regional Parts and Distribution Center in Senai, Johor. Highlighting the significance of this milestone, he remarked:

“BMW’s growth journey in Malaysia over the past 20 years is not just a story of business growth; it is a testament to shared vision, technological advancement, and exceptional performance. This expansion is a powerful affirmation of Malaysia’s position as a strategic gateway to the region, where innovation and opportunity converge.  This facility is more than an operational hub; it symbolises BMW’s trust in our ecosystem while reinforcing Malaysia’s role as an integral part of its Asia Pacific supply chain, serving a dual purpose of supporting BMW’s after-sales operations and functioning as a strategic base for their regional supply network.  With our excellent connectivity, skilled talent pool, and forward-thinking policies, MIDA remains committed to paving the way for BMW’s continued success and inspiring others to invest in Malaysia’s boundless potential.”

Meanwhile, Benjamin Nagel, Managing Director of BMW Group Malaysia said, “As we celebrate 20 years of our Regional Parts Distribution Centre in Malaysia, we reflect on the significance of this facility, not only in terms of the success of the BMW Group as the leading premium automaker in Malaysia, but also in reinforcing the status of Malaysia as a strategic logistics hub for the group in the Asia Pacific region. Since the beginning, the facility and its capabilities has stood as a symbol of operational excellence, having evolved into a state-of-the-art facility that is recognised regionally and globally.”

The recent expansion of the BMW Group Regional Parts Distribution Centre introduces several notable improvements, including a purpose-built High Voltage (HV) Battery Storage Area and a modern Very Narrow Aisle (VNA) racking system. The facility’s two-story configuration provides opportunities for future expansion, while the integration of a solar panel roof supports BMW Group’s broader sustainability initiatives.

Financial Milestones and Operational Excellence

Since its establishment at the Free Industrial Zone of the Senai International Airport in Johor Bahru, the BMW Group Regional Parts Distribution Centre has demonstrated sustained growth in its annual turnover, growing its business capabilities from EUR 141 million in 2017 to EUR 277 million in 2023, over 97% and almost double from when the facility first began operations.

Underscoring its financial milestones, the facility handles over 100,000 lines of inventory in and out monthly, maintaining around 90% service level to over 20 diverse markets in the region, reflecting its robust capability of meeting varying market requirements. The facility manages on stock nearly 52,000-part numbers, around 30 of which are High Voltage Batteries, while maintaining an on-time picking and packing rate of over 99% and a rate of 99.5% on items delivered in excellent condition. 15 units of 40-foot containers to BMW Group’s sea freight markets are dispatched weekly, while 33,000 cubic metres of airfreight delivery are made each week. Closer to home, the facility manages 42 trucks for outbound deliveries to Malaysia, Singapore, and Thailand each week.

The expanded BMW Group Regional Parts Distribution Centre not only strengthens the BMW Group’s logistical capabilities but also positions the facility to support the region’s evolving automotive landscape. The BMW Group’s continued investments in Malaysia ensures it remains at the forefront of operational excellence, reinforcing the country’s pivotal role in the Group’s success for years to come.

**The End**

About MIDA

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

About BMW Malaysia Sdn. Bhd. 

BMW Group Malaysia is the representative of Bayerische Motoren Werke (BMW) AG in Malaysia with activities that cover the wholesale of BMW, MINI and BMW Motorrad vehicles, spare parts and accessories as well as the overall planning of sales, marketing, after-sales, and other related activities in Malaysia. The organisation’s presence in the country includes its National Sales Centre (NSC) in Cyberjaya and BMW Assembly Facilities at the Kulim Hi-Tech Park, Kedah which supports the Malaysian region as well as the BMW Group Data Centre (GDC), BMW Group Regional Training Centre (RTC) in Cyberjaya and BMW Group Parts Distribution Centre (PDC) at the Free Industrial Zone of the Senai International Airport in Senai, Johor which supports 22 markets in the Asia-Pacific region. BMW dealership network covers 39 outlets in various cities in Malaysia.     

Website:          www.bmw.com.my      
Facebook:       http://www.facebook.com/BMW.Malaysia     
Instagram:      http://www.instagram.com/bmwmalaysia    
YouTube:        http://www.youtube.com/bmwMYS    

Issued by:    
BMW Malaysia Sdn Bhd  

Sashi Ambihaipahan    
Director of Corporate Communications and Sustainability, Malaysia    
Telephone: +60123817182, Fax: (+603) 8887 3801    
Email: [email protected]    
Media Website: www.press.bmwgroup.com   

Chan Ai Ling     
Corporate Communications Assistant Manager, Malaysia    
Telephone: +6016 2763488, Fax: (+603) 8887 3801    
Email: [email protected]    
Media Website: www.press.bmwgroup.com    

For more information, please contact: 

MIDA
Ms. Noorzita Binti Mohamad Nor
Director of Business Services and Regional Operations Division, MIDA
T: 03-22632438
E: [email protected]

VoxEureka
Sarah James / Alaynna Sta Maria / Yeong Wen Joe / Thanuj Kuhen Sivaganesan
T: +6012 246 1506 / +6016 244 6610 / +6017 870 6252 / +6017 304 9975
E: [email protected] / [email protected] / [email protected] / [email protected]

BMW Group Malaysia Expands Regional Parts Distribution Centre in Johor, Marking 20 Years of Growth and Excellence

– Strengthening of ASEAN Manufacturing Base in Kedah, Malaysia –

Kedah, Malaysia, 21 November 2024 – CKD Corporation (CKD, Head Office: Komaki City, Aichi Prefecture, President and CEO: Katsuhito Okuoka) today has unveiled construction of its state-of-the-art manufacturing facility in Kulim Hi-Tech Park, marking a significant milestone in Malaysia’s industrial development. The facility spans 80,000 square meters, with 16,000 square meters dedicated to advanced manufacturing operations.

The strategic investment aims to strengthen CKD’s production system for component products across the ASEAN region, enabling rapid response to expanding global demand in general manufacturing industries. The new facility incorporates advanced manufacturing technologies and sophisticated supply chain management systems, ensuring timely delivery capabilities for customers worldwide.

The opening ceremony drew distinguished guests including the Chief Minister of Kedah, Dato’ Seri Haji Muhammad Sanusi Md Nor and senior officials from the Malaysian Investment Development Authority (MIDA), highlighting the strategic importance of this investment for the region.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, emphasised the investment’s strategic significance, “Today’s inauguration of CKD’s state-of-the-art facility represents a significant milestone in our journey toward achieving the New Industrial Master Plan 2030 vision. This investment embodies the kind of high-technology, future-ready manufacturing capabilities that Malaysia seeks to cultivate. CKD’s commitment to establishing advanced manufacturing operations in Kedah not only validates Malaysia’s position as Asia’s preferred investment destination but also accelerates our transformation into a regional technology hub. MIDA remains committed to facilitating such strategic investments that will shape Malaysia’s industrial future.”

CKD Chairman Kazunori Kajimoto said, “In 1984, we expanded into Malaysia with our first overseas base, and on the 40th anniversary year, we are pleased to be able to open this new plant. Through this new plant, we will work together with government officials, customers and our employees to realise the further development of Malaysia and the future we are aiming for.”

-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 Invest Kedah
Invest Kedah Berhad (IKB) is the Investment Promotion Agency (IPA) for the State of Kedah, serving as the primary point of contact and One-Stop Centre for all investments into the state. Entrusted by the Kedah State Government, IKB’s mission is to attract, facilitate, and support business investments in Kedah. The agency plays a vital role in coordinating with government agencies and local authorities to ensure a seamless setup process for both local and international investors, from pre-investment through post-investment stages. In the first half of 2024, Invest Kedah helped the state secure RM31.9 billion in investments, ranking among the top 5 states in Malaysia. For more information, please visit www.investkedah.com and follow us on our social media platforms.

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

For more information, please contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division
T: +603-2267 6769 | E: [email protected]

Invest Kedah Berhad
Corporate Communication Department
T: +604-7027373 | E: [email protected]

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

CKD Corporation Inaugurates State-of-the-Art Manufacturing Plant in Malaysia

Penang, 18 November 2024 — Keyto MY Sdn. Bhd., a subsidiary of Shenzhen Keyto Fluid Technology Co. Ltd., today officially inaugurated its cutting-edge fluid technology manufacturing plant in Batu Kawan, Penang. This significant investment underscores Malaysia’s growing importance as a global manufacturing hub. Keyto MY’s new facility will enhance the country’s industrial capabilities and diversify its high-tech manufacturing sector. The plant is expected to generate projected sales revenue of RM65 million over the next three years, reflecting robust growth potential.

The grand opening ceremony was attended by key dignitaries, including YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of the Malaysian Investment Development Authority (MIDA) Penang; Dato’ Loo Lee Lian, Chief Executive Officer of InvestPenang; Mr. Zhou You Bin, Chinese Consul General in Penang; and Mr. Zhang Cheng, Chairman of Shenzhen Keyto Fluid Technology Co. Ltd.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, stated, “With a legacy of five decades of industrialisation and a reputation for innovation and technological excellence, the state offers a thriving industrial ecosystem that naturally attracts investors.” He further added, “It is with great pride to note that Keyto MY marks not only the company’s first presence in Malaysia, but also Keyto’s first overseas manufacturing plant, located in Southeast Asia.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, welcomed Keyto MY’s investment, highlighting the critical role of foreign investment in driving Malaysia’s industrial development. He stated, “The launch of Keyto MY’s facility marks a significant milestone for Malaysia’s economy at large, aligning with the strategic vision of the New Industrial Master Plan (NIMP) 2030 to drive industrial growth and technological advancement.  By focusing on high-precision components and fluid technology, this investment will not only attract additional foreign investments, but also fosters innovation, creates high-quality job opportunities for Malaysians, and strengthen our position in the global value chain. MIDA remains committed to supporting companies like Keyto MY to solidify Malaysia’s position as a global leader in fluid technology manufacturing.”

Mr. Zhang Cheng, Chairman of Shenzhen Keyto Fluid Technology Co. Ltd., emphasised the strategic importance of the Batu Kawan facility in Keyto’s global expansion strategy. “This new plant marks a significant milestone in our global growth,” stated Mr. Zhang. “Malaysia’s strategic location, coupled with its skilled workforce and business-friendly environment, provides us with the ideal platform to deliver advanced fluid technology solutions to customers worldwide.”

The long-term impact of Keyto MY’s presence in Penang goes beyond industrial growth. “Our investment is not just in physical infrastructure; it’s about empowering Malaysia’s next generation of engineers and professionals,” noted Mr. Zhang Cheng. “We are committed to nurturing local talent, fostering innovation, and contributing to the development of a sustainable high-tech ecosystem.”

The new 3,540 square metre manufacturing facility will produce fluid management systems and precision components vital for medical devices, life science instruments, and environmental monitoring. The first phase of the facility will focus on manufacturing a range of fluid management solutions, including high-performance pumps, valves, and fluid systems, positioning Keyto MY as a key player in the region’s fluid technology supply chain to meet rising demand across multiple industries.

As a subsidiary of Shenzhen Keyto Fluid Technology Co. Ltd., a company with a solid international presence, Keyto MY Sdn. Bhd. brings extensive expertise, industry knowledge, and a global perspective to drive both local and international business success. The plant will feature innovative technologies aimed at maximising production efficiency, maintaining rigorous quality control, and ensuring sustainable manufacturing 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 today has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram and Facebook, LinkedIn, TikTok and YouTube channel.

About 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). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel; TikTok.

About Keyto MY Sdn. Bhd.
Keyto MY Sdn. Bhd., a subsidiary of Shenzhen Keyto Fluid Technology Co. Ltd., is a leading manufacturer and supplier of high-precision microfluidic control components and advanced fluid management systems. The company specializes in providing innovative solutions that are crucial in medical devices, life science instruments, and environmental monitoring systems—industries where precise fluid control is essential for optimal performance and reliability.

With a robust engineering foundation, Keyto MY designs and manufactures fluid management systems that ensure the accurate and efficient handling of liquids in complex and critical applications. The company’s product range includes high-performance pumps, valves, and fluidic components, which are integral to ensuring the functionality and safety of equipment in various fields.

Dedicated to innovation, sustainability, and quality, Keyto MY employs advanced manufacturing techniques and stringent quality control to deliver solutions that meet the highest standards. The company is committed to advancing fluid technology and supporting the growth of high-tech industries worldwide.

As part of Shenzhen Keyto Fluid Technology Co. Ltd.’s broader global strategy, Keyto MY Sdn. Bhd. aims to expand its influence as a regional leader in fluid technology. By combining cutting-edge technologies with a strong focus on customer-centric solutions, the company is poised to meet the increasing demand for reliable, high-precision fluid control systems in critical sectors.

For more media inquiries, please contact:

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

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

Keyto MY Sdn. Bhd.
Mr. Teoh Kee Hock
Director
Email: [email protected]
Tel: 019-717 5661

Keyto MY Boosts Malaysia’s High-Tech Manufacturing with New Advanced Fluid Facility

JOHOR BAHRU, 15 November 2024 – The Johor Economic, Tourism, and Cultural Office (JETCO), in collaboration with the Malaysian Investment Development Authority (MIDA), Invest Johor, and esteemed industry partner Philip Morris (Malaysia) Sdn. Bhd., the Malaysian affiliate of Philip Morris International proudly hosted the Malaysia Electronics Supplier Summit at the Renaissance Johor Bahru Hotel on 13 November 2024.

This summit, supported by the Johor State Government and corporate partners KPMG in Malaysia, OCBC Bank Malaysia, EcoWorld, and ZiLin Properties, showcased the state’s unwavering commitment to enhancing the global electronic device manufacturing ecosystem, particularly in the Electronics Manufacturing Services (EMS) sector. The event also spotlighted the government’s continuous efforts to create an environment conducive to investment and innovation.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, articulated the summit’s significance with fervor, stating, “The Malaysia Electronics Supplier Summit is a testament to Malaysia’s relentless pursuit of excellence in high-tech industries. By providing a dynamic platform for dialogue and forging strategic partnerships, we are resolute in our mission to bolster Malaysia’s competitive edge on the world stage. These transformative events not only fuel sustainable growth but also empower our local suppliers, cementing Malaysia’s pivotal role as a premier global supply chain hub driving innovation and success.”

Datuk Seri Hasni Mohammad, Executive Chairman of JETCO, in his closing remarks, emphasised JETCO’s pivotal role in connecting and facilitating arrangements between stakeholders in Johor. He highlighted the agency’s commitment to fostering strategic partnerships that contribute to the continued success of Johor’s economic development initiatives. Following his remarks, a Letter of Intent (LOI) signing took place between Datuk Seri Hasni Mohammad and Professor Antonio Scialletti, MBA Program Director & Strategy Professor of Rome Business School (RBS). This collaboration aims to select high-performing individuals and further upskill them through RBS’s programs, with the initiative set to commence in 2025.

Philip Morris (Malaysia) Sdn. Bhd., the Malaysian affiliate of Philip Morris International, praised Johor’s highly skilled workforce, advanced infrastructure, and world-class expertise in high-end electronics manufacturing, noting that Johor, with its business friendly initiatives and innovative ecosystem, is an ideal location for foreign and domestic investment by companies aiming to access Southeast Asian and global markets.

The Malaysia Electronics Supplier Summit showcased Johor as a premier investment destination for the electronics sector, emphasising its strategic location, skilled workforce, robust infrastructure, and strong government support. The event brought together industry leaders and stakeholders, highlighting Johor’s pivotal role in the global supply chain and its potential for sustained growth and innovation.

**The End**

About MIDA

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

About JETCO

Johor Economic, Tourism & Cultural Office Singapore (JETCO) is Johor State Government agency that is responsible in linking Johor agencies to various stakeholders in Singapore.

JETCO which started operating in Singapore in 2022, plays a pivotal role in highlighting economic opportunities, promoting tourism, and showcasing Johor’s rich cultural heritage to Singapore and beyond.

Through various initiatives and events, JETCO aims to facilitate collaboration and partnership between agencies in Johor and Singapore, in line with recent key development such as Johor-Singapore Special Economic Zone. For more information, visit our website at jetcojohor.com and our social media account.

For more information, please contact:

MIDA

Mr. Mohamad Reduan bin Mohd Zabri
Director of MIDA Johor
T:+6072245500 E: [email protected]

JETCO

Miss Adibah Izah binti Zamani
Assistant Manager
Johor Economic, Tourism and Cultural Office Singapore (JETCO)
176, Orchard Road
05-05 The Centrepoint, Singapore 238843
E: [email protected]

JETCO and MIDA Collaborate in Electronics Supplier Summit, Forging Innovation and A World-Class Ecosystem in Johor

PENANG, 12 November 2024 – Dexcom Malaysia Sdn. Bhd. (Dexcom), a renowned global leader in continuous glucose monitoring for people with diabetes, today celebrated the opening of its new state-of-the-art facility at Batu Kawan Industrial Park (BKIP), Penang. The facility will house Dexcom’s Trinity North and South Campus operations on a 28-acre plot, spanning approximately 887,510-square-feet.

The inauguration of the new facility was attended by YAB Tuan Chow Kon Yeow, Chief Minister of Penang, ADUN Bukit Tambun; Dato’ Aziz Bakar, Chief Executive Officer of Penang Development Corporation; Dato’ Loo Lee Lian, Chief Executive Officer of Invest Penang; Ms. Norbaya Kamaludin, Director, MITI, Pulau Pinang; Mr. Faizal Jalaludin, Executive Director, Investment Promotion, MIDA; along with Mr. Jake Leach, Chief Operating Officer; Mr. Barry Regan, Executive Vice President of Global Operations; Mr. Columba McGarvey, Managing Director and Vice President of Operations, Dexcom Malaysia; YB Tuan Goh Choon Aik, and representatives from government agencies, industry partners, Dexcom’s senior leadership, key customers, suppliers and employees.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang stated, “The establishment of this new facility highlights Dexcom’s continued commitment to take control of health through innovative continuous glucose monitoring (CGM) systems. It also reaffirms Penang’s reputation as a global hub for advanced technological industries, reinforcing its position as a preferred destination for high-quality manufacturing and innovation.”

He added, “Leveraging on over 50 years of industry excellence, Penang is on the right path towards becoming the MedTech Hub of Southeast Asia. Housing the largest amount of MedTech companies nationally and regionally, Penang remains a highly attractive location for its infrastructure availability and ecosystem that meet the needs of the MedTech industry.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA highlighted the transformative impact of Dexcom’s investment, stating, “Dexcom’s establishment in Malaysia signifies a pivotal moment for our medical devices sector. This state-of-the-art facility will drive advancements in our point-of-care segment, leading to the creation of high-value job opportunities and facilitating technology transfer. This project aligns with the objectives of our New Industrial Master Plan 2030, particularly in fostering economic complexity through innovation and nurturing a skilled talent pool. MIDA is confident that the country’s supply chain resilience will further bolster Dexcom’s growth trajectory in Malaysia by enhancing the local supplier ecosystem.”

“It’s a proud day for all of us here at Dexcom Malaysia as we unveil this new facility, an investment that speaks to our commitment for both our world-class continuous glucose monitoring technology and for Malaysia, and Penang specifically, as a premier location for advanced medical device manufacturing. We’re investing not only in facilities and high-volume automation – but also in people and the power of local talent,” said Mr. Columba McGarvey, Managing Director and Vice President of Operations, Dexcom Malaysia.

“Today’s ribbon cutting represents a meaningful step forward in our journey of innovation and impact,” added Dexcom Chief Operating Officer, Mr. Jake Leach. “Dexcom was founded 25 years ago with the mission to facilitate and improve the health of people with diabetes. Today, we can proudly say that we have done just that and much more, pioneering an entire industry that has transformed how people with diabetes manage their health.”

Dexcom’s new facility will be instrumental in meeting the growing demand for its technology in the Asia-Pacific region. This investment reinforces Dexcom’s commitment to quality, community, and growth in Malaysia.

**The End**

About MIDA

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

About 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). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel; TikTok.

For more information, please contact: 

MIDA

Ms. Azlina Binti Hamdan
Director of Life Sciences and Medical Technology Division, MIDA
T: 03-2267 3791
E: [email protected]

InvestPenang

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

Dexcom Celebrates the Inauguration of Its New Facility in Penang, Boosting Malaysia’s Medical Technology Ecosystem

Leading Agri-Commodity Company and Dairy Industry Giant Join Forces to Invest in Eco-Friendly Protein Production in Johor Bahru

Johor Bahru, Malaysia, 5 November 2024 – A new chapter in sustainable food manufacturing has begun with the groundbreaking ceremony for a state-of-the-art facility in Tanjung Langsat, Johor, held yesterday, dedicated to producing plant-based protein from environmentally-friendly pulses. This project, a joint venture between Agrocorp International and Megmilk Snow Brand, marks the formation of Agro Snow, a partnership poised to revolutionise the plant-based food sector with innovative, sustainable production methods.  By harnessing the power of pulses, such as lentils, chickpeas, and beans, the facility will produce high-quality plant-based protein with a significantly lower carbon footprint and water usage compared to traditional protein sources.

Renowned for their low environmental impact and high nutritional value, pulses will be the primary ingredient driving the environmental benefits of this facility’s production. Once operational, the factory is expected to become a major source of affordable, sustainable protein for food manufacturers across Asia, fuelling the growth of the plant-based food industry and supporting the region’s transition to more sustainable dietary choices.

YAB Dato’ Onn Hafiz Ghazi, the Menteri Besar Johor expressed the State’s appreciation, “We are delighted to welcome this new investment in Johor, which underscores our commitment to fostering sustainable economic growth in the region,” said Y.A.B. Dato’ Onn Hafiz Ghazi, Chief Minister of Johor, “The Johor-Singapore Special Economic Zone offers a unique advantage for businesses, providing seamless cross-border collaboration and access to resources. This project not only strengthens our economic ties with Singapore but also enhances Johor’s position as a hub for sustainable food manufacturing in Asia.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), emphasised the project’s alignment with national objectives, “This groundbreaking venture exemplifies the high-impact, future-forward investments MIDA seeks to attract to Malaysia. The Agro Snow facility aligns with our New Industrial Master Plan (NIMP) 2030, advancing Malaysia’s position in the alternative protein segment while strengthening our reputation as a premium food ingredients hub. The facility’s focus on functional food, health-conscious trends, and halal certification opens new global opportunities, while its advanced technology and sustainable processes align with our goals for safer, efficient, and eco-friendly production. This investment represents exactly what we envisioned: a perfect blend of advanced technology, environmental responsibility, and economic growth.”

The plant is expected to be completed by the first quarter of 2026 with a production capacity of 6,000 metric tonnes of pulse protein isolates a year and will employ approximately 80 people from the local community, contributing to economic growth and job creation. This joint venture sets a strong example of how collaboration and innovation can drive positive change, paving the way for a more sustainable food system.

“We are thrilled to break ground on this project, which represents a significant step for Agrocorp as our aim is to be at the forefront of nourishing a changing world,” said Vishal Vijay, CEO, Agrocorp International. He added, “We are grateful to Megmilk for giving us their trust and partnering on this venture. It is our hope that the pedigree of our two companies, as well as the competitive advantage we gain from being in Johor, will allow Agro Snow to become a leading supplier of plant-based ingredients to the region.”

Takashi Mori, managing executive officer, Megmilk Snow Brand, added, “With growing global demand for diverse, sustainable food sources, plant-based ingredients are emerging as a key solution. Leveraging our expertise and quality control from the dairy industry in Japan, we aim to revitalise the global plant-based food market and continue offering new, sustainable options through the production and sales from this project.”

According to MarketsandMarkets Research Pvt. Ltd. (June 2024), the global plant-based protein market is projected to reach USD20.5 billion by 2029, fuelled by shifting consumer preferences towards healthier, more sustainable dietary choices. This market encompasses a diverse array of products derived from plants, including soy, pea, wheat, and rice, offering alternatives to traditional animal-based proteins. With the rise of vegetarian, vegan and flexitarian lifestyles, demand for plant-based protein products has surged across various food categories, ranging from meat substitutes to dairy alternatives and beyond.

-END-

About MIDA

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

About Agrocorp International

Agrocorp is a global agri-commodity firm specialising in the sale and processing of staple food products such as wheat, pulses and rice to leading food manufacturers in the Asia Pacific and Middle Eastern regions. Headquartered in Singapore, Agrocorp started trading agri-commodities in 1990 and has since grown to achieve over USD3 billion in turnover, handling more than 30 agri-commodity products across 50 countries. Agrocorp is also one of the leading traders of pulses in the world and operates plants in Australia, Canada and the US that process pulses into value-added products like protein and starches. In 2023, the company announced a joint-venture with one of Japan’s largest dairy companies, to operate a pulses protein extraction facility in Johor Bahru, Malaysia, to serve the plant protein needs in the region by 2026. In addition, the company has also launched its downstream plant-based food brand, HerbYvore, all part of its vision to better nourish a changing world through responsible and sustainable sourcing and food production. Agrocorp is the recipient of the 2022 EY Family Business Excellence Award. For more information, please visit: www.agrocorp.com.sg or follow along on LinkedIn and Facebook.

About Megmilk Snow Brand

One of MegmilkSnow Brand’s predecessors was the Hokkaido Cooperative Creamery Association. Inheriting the pioneering spirit of those who strove to create a new foundation for dairy farming through the strength of cooperation, we have been involved in Japan’s dairy farming industry for over 90 years. In 2011, Snow Brand Milk Products Co., Ltd. and Nippon Milk Community Co., Ltd. merged to develop our business centered on milk and dairy products. Since the founding of Snow Brand Milk Products, our main products aredairy products such as butter and cheese, which boast the top market share. In recent years, yogurt and functional foods have also become pillars of growth. In research and development, we conduct research on milk and lactic acid bacteria that can contribute to the maintenance and improvement of consumer health. We aim to resolve social issues through the business of dairy farming, preserve a healthy and rich environment, and grow our business sustainably.

About Agro Snow

Agro Snow is a joint venture between Agrocorp International and Megmilk Snow Brand, two industry leaders committed to sustainability and innovation. This joint venture seeks to leverage the strengths of both companies and will see the setting up of a factory in Malaysia to manufacture soy-free plant protein extracted from climate-friendly pulses that can be used in a variety of plant-based food applications in plant-based beverages. The factory, located at Tanjung Langsat, Johor Bahru, is expected to be operational in early 2026, with a production capacity of 6000 metric tonnes of pulse protein isolates a year.

For Media Inquiries, Please Contact:

MIDA
Ms. Manjit Kaur Balkar Singh
Director, Food Technology & Resource Based Industries Division
Tel: +603-22673509
Email: [email protected]

Agrocorp International
Lena Tan
Head of Corporate Communications
Tel: +65 9665 1690
Email: [email protected]

Agro Snow’s Groundbreaking Ceremony Marks a Major Step Towards a Sustainable Future with Joint Venture Plant Protein Facility

Kuala Lumpur, 29 November 2023 – Malaysia Industrial Development Finance Berhad (MIDF), in collaboration with the Malaysian Investment Development Authority (MIDA) and Bizsphere Sdn. Bhd. (Bizsphere), successfully organised the Malaysia Smart Manufacturing Award 2023 Biz Talk & Forum titled Tech Up for Smart Manufacturing. Hosted by MIDA at MIDA Sentral, the event served as a pivotal gathering for industry leaders, experts, and stakeholders to delve into the essence of Mission 2 of the New Industrial Master Plan 2023: “Tech Up for a Digitally Vibrant Nation”.

The distinguished panel featured Professor Dr. Ong Kian Ming, a Board Member of MIDA and Director of the Philosophy Politics and Economics Programme at Taylor’s University, along with Mr. Jacob Lee, Vice President of the Federation of Malaysian Manufacturers (FMM), and Chairman for Industry 4.0 and Digital Economy Working Committee of FMM. Moderated by Mr. Yap Keng Teck, Managing Consultant of Bizsphere, the forum extensively explored Mission 2’s core elements, emphasising technology integration to elevate Malaysia’s industrial landscape.

Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA, expressed in his speech, “Mission 2 aims to drive digitalisation, enhance labour productivity, support R&D for higher-value products, and bolster supply chain resilience. Recognising the dynamic nature of the future of manufacturing, strengthening partnerships within the local manufacturing ecosystem is imperative. As global companies anchor advanced manufacturing in Malaysia, local enterprises leveraging advanced technologies will become globally competitive, and creating exciting, quality jobs. Innovation, R&D, specialised technology, and high-productivity processes form the foundation, propelling industries forward. Equally vital is keeping our workforce adaptable and skilled.”

In a statement, Mr. Azizi Hj Mustafa, Chief Executive Officer of MIDF, emphasised MIDF’s commitment as a development finance institution under the Ministry of Investment, Trade and Industry (MITI) to support local businesses in their growth journey and adoption of technology to enhance productivity and efficiency. He said, “MIDF is dedicated to providing financial solutions that empower businesses to embrace technology at a very competitive financing rate. In an era where digital transformation is pivotal, we stand firm in our support of local enterprises venturing into smart manufacturing practices”.

He further encouraged companies that have successfully integrated technology and automation into their operations to participate in the Malaysia Smart Manufacturing Award. “These companies can serve as role models and inspire others, especially SMEs, to embark on their journey toward Industry 4.0. By recognising and celebrating these achievements, we aim to create a ripple effect, fostering a culture of innovation and technological advancement in Malaysia’s business landscape,” he added.

A significant highlight of the event was the comprehensive briefing on the Malaysia Smart Manufacturing Award by Mr. Yap Keng Teck, outlining its aim to celebrate industry leaders, innovators, and organisations contributing to smart manufacturing practices. The award aligns with Malaysia’s commitment to fostering a competitive and resilient manufacturing ecosystem, targeting the goal of transforming 3,000 smart factories in Malaysia by 2030, as outlined in the New Industrial Master Plan (NIMP) 2030.

Moreover, MIDA seized the opportunity to showcase the Smart Automation Grant (SAG) MADANI, aligning this initiative with the broader mission of fostering smart manufacturing practices across the country. Concurrently, MIDF offered valuable insights into government financial assistance programmes, aiding businesses in their adoption of cutting-edge technologies.

Throughout the year, MIDF and Bizsphere organised MIDF Automation and Digital Forums in six (6) regions nationwide, garnering enthusiastic responses from industry players and encouraging exploration of automation and digitalisation in business operations. As Malaysia continues its journey to become a digitally vibrant nation, events like the Malaysia Smart Manufacturing Award 2023 Biz Talk & Forum assume a crucial role in shaping the future of the nation’s industrial landscape.

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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 MIDF
The MIDF group carries out investment banking, development finance and asset management. It serves entrepreneurs as well as large corporations and institutions.

Malayan Industrial Development Finance Ltd (now MIDF) was established in 1960 following the recommendations of the World Bank on how to finance the industrialisation of Malaya, and over the last 62 years, the MIDF Group has been part of the development and modernisation of Malaysia’s economy and capital markets.

MIDF is a member of Malaysia Building Society Berhad (MBSB) Group. MBSB is also the financial holding company of MBSB Bank Berhad (MBSB Bank).

For more information, please contact:

MIDA

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

MIDF

Irmawati Mahamad Tahir
Head, Group Strategic Communications
Ph: (03) 2173 8752
Fax: (03) 2173 8499
HP: (012) 492 3707
Email: [email protected]

Sharifah Faten Nur Helmy Alhusaini
Head, Marketing Unit
Development Finance Division, MIDF
Ph: (03) 2272 1889
HP: (012) 392 6030
Email: [email protected]

Malaysia Smart Manufacturing Award 2023 Biz Talk & Forum: Tech Up for Smart Manufacturing

Kuala Lumpur, 28 November 2023 – The Malaysian Investment Development Authority (MIDA) has successfully organised its inaugural forum on “Accelerating Malaysia’s Industry Commitment Towards Sustainability Goals”, held at the Connexion Conference & Event Centre, Bangsar South. In partnership with the National SDG Centre and United Nations Global Compact Malaysia and Brunei (UNGCMYB), the forum aimed to ignite a sustainability revolution, particularly among Small and Medium-sized Enterprises (SMEs) and Mid-Tier Companies (MTCs) by promoting technology adoption and embracing ESG practices.

The forum provided crucial insights into pressing industry challenges, such as financial constraints, talent shortages, and a lack of technical expertise. Importantly, it shed light on the government’s steadfast commitment to achieving the Sustainable Development Goals 2030 (Agenda 2030) and transitioning to the Net Zero 2050 aspiration.

The participants gained valuable insights from eminent personalities in sustainability, including Mr. Faroze Nadar, Executive Director at UNGCMYB, Prof. Dr. Ong Kian Ming, Director of Philosophy, Politics & Economics Programme, Taylor’s University and Mr. Asfaazam Kasbani, Director at National SDG Centre, Ministry of Economy as well as technology experts. Representatives from PETRONAS and EPF also shared their perspectives.

In his keynote address, YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry (MITI), shared, “The Government’s New Industrial Master Plan 2030 (NIMP 2030) outlined six goals, namely to increase economic complexity, create high value job opportunities, extend domestic linkages, develop new and existing clusters, improve inclusivity and enhance ESG practices, which are aligned with the National Investment Inspirations. Corresponding to that, the NIMP 2030 also sets 12 outcome-based targets to measure the transformation of the Malaysian manufacturing industry and economy:

1. Sophisticated exports with high value added

2. Regional innovation hub

3. High-skilled jobs

4. Fair income

5. Internationally competitive SMEs

6. Deepen local supply chain integration

7. Strategic positioning of high value tech manufacturing

8. Develop new clusters in managing growth markets (eg 4IR and digital)

9. Catalysing sectoral and regional development within Malaysia

10. High manufacturing value added participation by least developed states

11. Derisking economy against ESG factors

12. Drive towards Net Zero aspirations

Our plans for sustainable development need a ‘whole-of-government’ and ‘whole-of-nation’ approach to thrive. In Malaysia, we need clearly defined and concrete targets across sectors, including manufacturing, energy, transport, and infrastructure.” the Deputy Minister of MITI informed.

He further added, “MITI has recently launched the National Industry Environmental, Social, and Governance (ESG) Framework (i-ESG) to provide support for SMEs and Mid-Tier Companies (MTCs), helping them build their capabilities in sustainability and capture opportunities in the green economy. i-ESG aligns with the principles of the MADANI Economy Framework, reinforcing our vision for inclusive and sustainable industrial growth”.

Highlighting the significance of technology and innovation, the Deputy Minister of MITI stated, “The Budget 2024 reflects our dedication to sustainability, featuring initiatives such as the RM2 billion National Energy Transition Facility fund and a potential RM1 billion biodiversity sukuk for carbon credits. This concerted effort aims not only to uplift SMEs and MTCs but also to stimulate a more sustainable and resilient economic landscape.”

MIDA’s Chairman, YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, enlightened the participants on MIDA’s role as the national economic front liner in pursuing investment promotion in sustainable investment projects such as e-Mobility, Renewable Energy and Circular Bio-economy.

“In recognising the undeniable importance of sustainable practices, MIDA has taken a proactive stance. Last year’s record is a testament to its success in fostering a robust investment environment. Building on this momentum, MIDA established its Sustainability Division on 1 August, 2023”.

He also added, “In this evolving landscape, sustainable practices are no longer optional; Malaysia must catch and ride the green wave. It’s a global commitment that no individual or country can afford to overlook. At MIDA, we have been engaging our partners from the people, private and public sectors to make the Green Plan a reality.” Tan Sri Dato’ Seri Dr. Sulaiman Mahbob emphasised the investor-friendly approach with the setup of the Invest Malaysia Facilitation Centre (IMFC) at MIDA HQ, streamlining investment-related matters and reducing bureaucracy in public service delivery at federal and state levels.

**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 channels.

For more information, please contact:

MIDA
Mr. Syed Kamal Muzaffa bin Syed Hassan Sagaff
Director, Sustainability Division, MIDA
Email: [email protected] |DL: +603- 2267 3636

Technology Adoption and ESG Practices Are Key Enablers Towards Sustainability Goals

The Ministry of Investment, Trade & Industry’s (MITI) Trade & Investment Mission to the USA (“TIM USA”) and one-on-one meetings between YAB Prime Minister and American companies managed to secure a total of RM63.02 billion of committed Foreign Direct Investment (FDI), as well as RM2.78 billion of potential exports from Malaysia.

The one-on-one meetings with YAB PM were arranged on 15 November 2023 in San Francisco. TIM USA – comprising high-level representatives from MITI, Malaysian Investment Development Authority (MIDA) and Malaysia External Trade Development Corporation (MATRADE) – was conducted from 6 – 13 November 2023, covering the cities of Chicago, Seattle, and San Francisco. Both events prioritised high-technology, high value FDI, while TIM USA also focused on high-value exports of Malaysian goods and services.

YAB PM’s one-on-one meetings with technology giants such as Google, Microsoft, Enovix and TikTok garnered FDI totalling RM54.72 billion over 10 – 15 years. Malaysia has also been actively courting electric vehicle (EV) players, including Tesla.

TIM USA – led by YB Tengku Datuk Seri Utama Zafrul Abdul Aziz¹ – yielded RM8.3 billion of committed FDI from Abbott Laboratories, Mondelez International, Amsted Rail, Hematogenix, PerkinElmer, Ford Motor Company, Boeing, Amazon Web Services and Lam Research. These companies are in sectors such as aerospace, chemical, E&E (including semiconductors), pharmaceuticals, EV battery technology, medical equipment, life sciences, cloud services and logistics.

As for exports, Canadian Tire Corporation, Global Agri Trade Corporation and Unigen Corporation were among the companies that have committed a combined value of RM2.78 billion of exports from Malaysia.

Tengku Zafrul said, ”We are extremely pleased that our trip to the USA managed to bring home fresh FDI commitments to the tune of RM63.02 billion, and committed exports of RM2.78 billion from Malaysia. What is equally key is the knowledge and expertise these companies bring to enhance the economic complexity of Malaysia’s manufacturing landscape, as stipulated by the New Industrial Master Plan 2030. This will help generate higher-value spillover business for our small and medium enterprises, and better quality, higher-paying jobs for the rakyat.”

“MITI will also ensure that the proposed FDI projects are properly facilitated, through execution-focused platforms such as the Investment & Trade Action Coordination Committee and the National Investment Council,” continued Tengku Zafrul.

In 2022, Malaysia-US bilateral trade stood at RM267.58 billion (USD60.70 billion), representing a 23.3% increase year-on-year. [cf. RM216.97 billion (USD52.33 billion) in 2021]. The US was also Malaysia’s third largest trading partner, as well as third largest export destination. Malaysia’s E&E products make up the biggest percentage, or 57.4% of total export value to the US, which places Malaysia in good stead to expand other high value sectors that also rely heavily on chips and semiconductors.

As of 2022, Malaysia’s net value of FDI in stock from the US was RM100.84 billion, with RM77.74 billion (77.1%) of that total contributed by the manufacturing sector.

For the period of 1980 to June 2023, a total of 1,295 manufacturing projects with US companies’ participation have been approved, with total investments valued at RM123.58 billion (USD35.29 billion). These projects have generated employment for 308,310 people in Malaysia.

MINISTRY OF INVESTMENT, TRADE AND INDUSTRY (MITI) 21 NOVEMBER 2023

About MITI
MITI is the key driver in making Malaysia the preferred destination for quality investments and enhancing the nation’s rising status as a globally competitive trading nation. Its objectives and roles are oriented towards ensuring Malaysia’s rapid economic development and help achieve the country’s stated goal of becoming a developed nation.

Media enquiries: Strategic Communications Unit, MITI
Tel : +603 6200 0083
Fax : +603 6206 4293
E-mail : [email protected]

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¹From 8 November 2023 onwards.

Trade & Investment Mission to USA, Meetings With US Companies Deliver RM63.02 Billion of FDI, RM2.78 Billion of Potential Exports From Malaysia

Port Klang, 3 November 2023 – CIDOLS Sdn. Bhd. (CIDOLS), a prominent player in the oleochemicals industry, takes a momentous leap forward with the successful launch of its inaugural plant today further establishing Malaysia’s role in the global oleochemical landscape. The driving force behind CIDOLS’s commitment to producing natural-based ingredients is rooted in its vision to foster innovation and sustainability. Malaysia has taken giant strides to strengthen its position in the downstream oleochemical industry, leveraging on the trades of millions of tonnes of fatty acid, fatty alcohol, fatty esters, and glycerin worldwide. Despite the friendly yet competitive landscape, neighboring countries are swiftly catching up, prompting a need for increased innovation and technological advancement.

The event was officiated by Datuk Dr. Ahmad Parveez Hj Ghulam Khadir, Director General, Malaysian Palm Oil Board (MPOB) and also attended by Ms. Umarani Muniandy, Executive Director, Manufacturing Development (Resource), from the Malaysian Investment Development Authority (MIDA), Mr. Eddy Chong, Managing Director of CIDOLS, Mr. Keith Tan, Sales and Marketing Director of CIDOLS, Kawan Engineering, as well as the company’s Board of Directors and key stakeholders.

CIDOLS, as a local Small and Medium Enterprise (SME), introduces an incremental yet significant transformation to Malaysia’s oleochemical sector by inaugurating a pioneering plant specialised in producing niche and tailor-made fatty esters. This strategic move signifies CIDOLS’s dedication to serving the industry with a more targeted and professional approach, positioning itself as visionary problem solvers, providing customised solutions to meet the evolving needs of customers today and tomorrow.

The newly inaugurated plant embodies CIDOLS’s commitment to innovation, focusing on the production of specialised natural-based fatty esters that drive progress towards sustainability. The extensive product range includes Dimer Dilinoleyl Dimer Dilinoleate, Phytostearyl Isostearyl Dimer Dilinoleate, PCA Glyceryl Oleate, Glyceryl Caprylate, Glyceryl Heptanoate, Glyceryl Isostearate, Isoamyl Laurate, Butylene Glycol Dicaprylate/Dicaprate, Oleyl Erucate, Coco-Caprylate/Caprate, Polyglyceryl Laurate, Polyglyceryl Oleate, among others. The production of these specialties necessitates profound expertise in ester molecule engineering, advanced processing techniques, and innovative research and development processes.

Malaysia now possesses the capability to manufacture these products, pioneered by CIDOLS, positioning the country as a global competitor in the field. Additionally, the plant has achieved FSSC 22000 certification and adheres to strict food processing and handling procedures. The latest milestone includes GMP+ certification awarded in October 2023, with hopes of obtaining halal certification by year-end. These certifications further strengthen CIDOLS’s capacity to meet the diverse requirements of a global clientele.

Furthermore, CIDOLS’s complies with RSPO and COSMOS standards, providing silicone-free, paraben-free, and PEG-free alternatives that align with the burgeoning demand for specialty esters in the personal care industry worldwide. At present, CIDOLS takes pride in serving customers across more than 30 countries infive continents.

Empowering Malaysian Manufacturers in High Value-Added Products: A Vision Realised

MIDA has been an essential figure of CIDOLS’s ambition to be a world leader in the specialised downstream oleochemical industry. CIDOLS received the Domestic Investment Strategic Fund (DISF) from MIDA in 2021 for the purchase of R&D equipment and main processing equipment, providing CIDOLS with the necessary boost to enhance its research and development capability and improve its processing capability.

Datuk Wira Arham Abdul Rahman, CEO of MIDA, expressed his congratulations to CIDOLS on its significant milestone. “We extend our heartfelt congratulations to CIDOLS for the launch of its inaugural plant. CIDOLS has proven to us that with dedication and perseverance, an SME like CIDOLS can be a leader in its prospective industry. We, at MIDA, consistently encourage industry players to explore further downstream in their respective sectors to capture sustainable, high-value added manufacturing activities and become experts in their respective industries, which aligns with the country’s New Industrial Master Plan (NIMP) 2030 and ESG agenda. CIDOLS’s initiative sets a positive example for the chemical industry, and I urge other businesses to follow suit in adopting such proactive practices.”

The World is Moving towards Sustainability Practices

Mr. Eddy Chong, Managing Director of CIDOLS added, “Though CIDOLS operates on a smaller scale, our facilities match those of industry giants, enabling us to produce high-quality, high-performance products. We take immense pride in being a fully Malaysian-made enterprise, from the conceptualisation phase to engineering, thanks to the remarkable partnership with Kawan Engineering.” He further notes, “Today, we mark a momentous occasion by signing a Memorandum of Understanding (MOU) with MPOB for Project Pembangunan Teknologi Tambah Nilai Glycerol. Our shared goal is to establish a new plant dedicated to producing high-performance downstream products derived from glycerin, with the invaluable technological support from MPOB.”

Mr. Keith Tan, Sales and Marketing Director of CIDOLS, remarked, “In a world witnessing the rapid growth of sustainability awareness, the personal care industry is gravitating towards natural and sustainable solutions. Our products and solutions align perfectly with this transformative trend, empowering customers to innovate towards a more sustainable world.”

CIDOLS’s impressive and promising strides in the oleochemical sector looks to enhance Malaysia’s standing in the global market, addressing sustainability and innovation challenges head-on. The journey towards sustainability, guided by CIDOLS, is not just a reflection of their commitment but also a significant step towards a more environmentally responsible and sustainable world.

-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 CIDOLS

CIDOLS is a specialty chemicals manufacturer providing natural-based ingredients and solution especially for Personal Care and Cosmetics. Plant located in Port Klang and exporting to over 30 countries across five continents.

For media enquiries, please contact:

MIDA
Ms. Siti Halimaton Mohd Rejab
Director, Chemical and Advanced Material Division
Email : [email protected]
DL: +603 2267 6714

CIDOLS Sdn. Bhd.
Mr. Eddy Chong
Managing Director
Phone: +603 3163 1679
Mobile: +60 16 339 8959

CIDOLS Launches Its Inaugural Plant, Significantly Strengthening Malaysia’s Oleochemical Downstream Capabilities

Perak, 24 November 2022 – EVE Energy Co., Ltd. (EVE), a China-based lithium battery production company, through its subsidiary EVE Energy Malaysia Sdn. Bhd., is set to build a cylindrical battery production base in Malaysia to support the electric two-wheelers and power tools manufacturing enterprises in the country and across Southeast Asia.

The Company’s significant milestone with a projected investment amounted to USD422.3 million, will enhance its comprehensive competitiveness for the electric two-wheeled vehicle and power tool in the global market share. The project will be constructed in phases with a construction period of no more than three (3) years.

In welcoming EVE to spur the growth of cylindrical lithium battery industry in Malaysia, Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), expressed, “We are delighted to have EVE setting up its manufacturing operation in Malaysia. The transition to electric vehicles (EV) will be one of the most significant shifts in our automotive sector in generations. The full-fledged cylindrical lithium battery ecosystem resonates well with the National Investment Aspirations (NIA) and National Automotive Policy 2020 (NAP2020), in stimulating and synergising the country’s EV ecosystem specifically for EV battery production. Equipped with highly-skilled talents and proficient technology experts, Malaysia is certainly a conducive and an ideal location for the success of EVE’s investment.”

Currently, EVE is evaluating several sites to set up its manufacturing facility in Malaysia, including a few potential locations in the state of Perak.

Izran Abdullah, CEO of InvestPerak, highlighted, “Equipped with good infrastructure, abundant natural resources, sufficient high-skill talents, matured industrial ecosystem, and competitive cost of doing business, Perak has a huge potential to become a new focus investment destination. Strategically located between Penang and Selangor, the two economy powerhouses in Malaysia, Perak gains the advantages from the economic spill over from both states and always ready to support industrial expansion and supply chain.”

Joe Chan, the representative director of EVE Energy Malaysia Sdn. Bhd., said, “We have long history in the field of green energy and our goal is to provide customers with high quality batteries. In the past few years of rapid development, EVE becomes the world’s leading lithium primary battery brand and is ranked No. 1 in China. Last year, EVE was ranked no. 12 in Fortune Future 50 and recognised as a top market player in the green energy ecosystem. At this moment, this is an important milestone of EVE to expand our business to Malaysia and enhance our global market share in the electric two-wheeled vehicle and power tool batteries market. The establishment of EVE Energy’s cylindrical battery production base in Malaysia will help to supply high quality batteries to companies in the country and Southeast Asia.”

EVE was established in 2001 and listed in 2009. After 21 years of rapid development, the company has now become a multinational company focusing on lithium battery powering solutions. Offering core technologies and comprehensive solutions for consumer batteries and power batteries, EVE’s products are widely used in the areas of internet of things (IoT) and the Energy Internet and its lithium-ion batteries are supplied to global first-tier brands. The company has also become one of the top 10 companies in the world in terms of power battery installed capacity, working along with international automakers such as BMW, Daimler, Hyundai and Jaguar Land Rover. Its global sales foundation footprint has expended to the United States, Germany, Malaysia as well as other regions.

MIDA has approved 25 projects totalling RM10.69 billion in the EV and its related ecosystems from 2020 to June 2022. The approved investments include the activity of EV assembly, manufacturing of EV parts and components and its charging components.

*****

About MIDA

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

About 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 selected 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 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 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 EVE Energy Malaysia Sdn. Bhd.

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

Media Contacts

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

InvestPerak
Mr. Mohamad Noor Arif
Investor Relations Manager
Email: [email protected]
Tel.: +6013-4475312

EVE Energy Malaysia Sdn. Bhd.
Mr. Joe Chan
Director
Email: [email protected]
Tel.: +852-2195 3966

EVE Energy Is Set to Build A Cylindrical Battery Production Base in Malaysia

Kuala Lumpur, 23 November 2022 – The Malaysian Investment Development Authority (MIDA) and the Malaysian Plastics Manufacturers Association (MPMA) co-organised the MIDA-MPMA Conference on Government Assistance at MIDA’s headquarters today. The Conference was attended by 100 participants. The Conference was organised to provide an insight to participants on various government policies, facilitations and assistance for the manufacturing sector specifically the plastics industry.

The Chief Executive Officer of MIDA, Datuk Wira Arham Abdul Rahman in his keynote address, highlighted “MIDA has proactively taken the initiative to ensure investors to have the necessary access to the right infrastructure, proper facilities and skilled talent to cater to the requirements of businesses. As the plastics industry continues to grow, it is important that companies, particularly the SMEs, focusing on innovation and raise productivity to compete and capture new opportunities. Among the initiatives and assistance provided by MIDA to manufacturers of plastics products include the Smart Automation Grant Industry4WRD Intervention Fund, Automation Capital Allowance (ACA) and Domestic Investment Coordination Platform (DICP). Besides innovation, companies have also adopted automation by leveraging on ACA to increase productivity and address challenges in a tight labour market.”

“Malaysia is committed to achieve net zero carbon by 2050 and for this, MIDA is working closely with MPMA to also drive industry collaboration and understand the demand and supply of recycled plastics resources. Companies should look for practical ways to recover resources where possible and channel them back into production” added Datuk Wira Arham.

Speaking at the opening of the Conference, Datuk Noraini Soltan, Vice-President of MPMA said that the plastics industry continues to face tremendous challenges including shortage of labour, increase in cost arising from the increase in minimum wages and rising interest rates as well as a slump in overseas demand, particularly, from the developed countries which are experiencing economic slowdown.

“Moving forward, it is unavoidable for the plastics manufacturers to shift towards high technologies and factory efficiency to reduce their dependency on foreign workers and low skilled labour. Investing in the latest technology and human skills is one of the options for companies to continue to move up the value chain. The ability of the plastics industry to produce high quality products at competitive prices will strengthen our role as a supporting industry, and in turn attract more foreign direct investments. As investing in high technology and automation is a long-term process and given the fact that 90 per cent of plastics companies are SMEs, continued assistance and support from the Government in the form of grants, incentives and financing is crucial. This will enable more plastics companies to have sufficient resources to invest in advanced machinery and new product development for sustainable growth,” said Datuk Noraini.

At the Conference, Datuk Noraini said that the industry is very fortunate to be able to learn from knowledgeable and resourceful speakers on the various types of Government assistance and facilitations. “We hope that participants would have obtained useful information which will assist employers to formulate strategies to make changes to your business models, operations and move up the value chains via this Conference,” concluded Datuk Noraini.

The MIDA-MPMA Conference on Government Assistance featured sessions by speakers from MIDA, Inland Revenue Board of Malaysia (IRBM), Malaysian Industrial Development Finance Berhad (MIDF), Malaysia External Trade Development Corporation (MATRADE), Ministry of Science, Technology and Innovation (MOSTI), United Overseas Bank Limited and TalentCorp Malaysia.

Malaysian plastics products exhibited resilience through the pandemic and continue a steady growth due to their properties and functionality as one versatile material despite the COVID-19 pandemic. As of June 2022, 33 projects were approved in this sub-sector with an accumulated investment of RM503.5 million.

Moving ahead, the synergies between MIDA and MPMA would continue for years to come to help in accelerating Malaysia’s advancement in the plastic industry.

*****

About MIDA

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

About MPMA

The Malaysian Plastics Manufacturers Association (MPMA), established in 1967, is a progressive trade association providing leadership and quality service to its members and the plastics industry.  MPMA is the official voice of the Malaysian plastics industry, representing its members and the industry in Government interaction, spearheading the plastics industry’s growth and providing the platform to assist members in being globally competitive. MPMA currently has about 750 members comprising Ordinary members, which represent about 60 per cent of plastics manufacturers in the country and account for 80 per cent of the country’s total production of plastic products, as well as Associate members who are mainly raw material and machinery suppliers.

Media contacts:

MIDA
Ms. Siti Halimaton Mohd. Rejab
Director, Chemical and Advanced Materials Division
Email: [email protected]
Tel.: +603-2267 6701

MPMA
Mr. SC Chan
Manager, MPMA
Email: [email protected]
Tel: +603 78763027

MIDA and MPMA Co-Organises Conference to Highlight The Various Government Facilitations For The Plastic Industry