• CIMB Singapore, Malaysian Investment Development Authority (MIDA), Singapore Business Federation (SBF) convened to showcase investment opportunities across Malaysia’s high-growth sectors while fostering dialogue on regional expansion and cross-border collaboration.

Kuala Lumpur, Singapore, 23 October 2026 – Building on its longstanding collaboration, Malaysian Investment Development Authority (MIDA), CIMB Singapore, and Singapore Business Federation (SBF) yesterday concluded the inaugural Invest Malaysia Day 2026 in Singapore, bringing together over 200 investors and businesses in Singapore with investment insights, business advisory support and partnership opportunities across Malaysia. The forum underscored the growing importance of the Singapore-Malaysia economic relationship, connecting attendees with representatives from Malaysia’s federal investment agencies, regional development authorities and ecosystem partners.

The forum was officiated by Guest-of-Honour Her Excellency Datin Paduka Anizan Siti Hajjar Adnin, High Commissioner of Malaysia to Singapore, who delivered the keynote address. Keynote addresses were also delivered by Malaysian state investment leaders YB Tuan Ng Sze Han of Selangor, YB Lee Ting Han of Johor and YB Dato’ Mohamad Nizar bin Dato’ Sri Mohamad Najib of Pahang. Mr. Lee Yee Fung of the Singapore Business Federation and Mr. Benjamin Tan of CIMB Singapore also addressed the participants. 

“Malaysia offers Singapore businesses opportunities across diverse growth sectors, supported by well-established industrial ecosystems and strong regional connectivity. National initiatives such as the New Industrial Master Plan (NIMP) 2030, the National Energy Transition Roadmap (NETR) and the Johor-Singapore Special Economic Zone (JS-SEZ) provide further avenues for investment across manufacturing, the digital economy, logistics, renewable energy, healthcare and advanced technologies.

As companies assess their next phase of growth, MIDA is committed to helping investors identify suitable locations, understand the regulatory and incentives landscape, and connect with the relevant federal and state agencies. Through this coordinated approach, we aim to facilitate investment decisions and support businesses in establishing and expanding their operations in Malaysia,” said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA.

The day’s programme covered:

• A briefing by MIDA on Malaysia’s evolving business landscape, priority growth sectors and the incentives, grants and investor support available to companies exploring expansion into Malaysia
• Insights from state investment leaders on the latest investment developments and economic priorities in Selangor, Johor and Pahang;
• A session on Malaysia’s sustainable transition by Ms. Luanne Sieh, Group Chief Sustainability Officer, CIMB, who shared insights on how businesses can position themselves for success by proactively navigating evolving sustainability requirements, leveraging renewable energy options and incentives, and capturing opportunities arising from the country’s green transformation agenda; 
• A panel discussion on why Malaysia continues to be a preferred investment destination for Singapore businesses, moderated by Mr. Tan Teck Lee, Country Head (Malaysia, Thailand and the Philippines), SBF, with panellists from MIDA, the Malaysian Immigration Department, the Ministry of Human Resources, Knight Frank Malaysia and CIMB Singapore; and 
• Parallel state breakout tracks in the afternoon, with Selangor, Pahang, Sarawak and Johor presenting sector-specific opportunities and facilitation support.

“Singapore and Malaysia share one of ASEAN’s most interconnected economic partnerships, underpinned by deep trade, investment and business links. As Singapore prepares to assume the ASEAN Chairmanship next year, strengthening these connections will be key to unlocking new opportunities across the region,” said Mr. Benjamin Tan, Head of Commercial and Transaction Banking, CIMB Singapore. “As part of a leading ASEAN bank group, CIMB Singapore is committed to support businesses in navigating cross-border opportunities and achieve their regional growth ambitions.”

“Malaysia remains one of the most compelling growth markets for Singapore businesses, offering a unique combination of strategic location, strong infrastructure, a skilled workforce, and clear government support for investment. Through Invest Malaysia Day 2026, SBF is supporting companies at every stage of their Malaysia journey – from exploration to expansion – with direct access to the federal and state agencies, financial partners, and industry players,” said Mr. Lee Yee Fung, Chief Internationalisation & Chief Smart Enterprise Officer, International Business Division, Singapore Business Federation.

Alongside the conference programme, 10 exhibitors consisting of state government agencies and industrial park developers showcased investment opportunities and business support available across Malaysia, giving attendees direct access to investment agencies, state representatives, developers and ecosystem partners to discuss market-entry and expansion plans.

The strong engagement at Invest Malaysia Day 2026 reflects growing confidence in Malaysia’s economic outlook and reinforce the importance of closer Singapore-Malaysia collaboration in driving regional growth and competitiveness.

-END-

If you would like to arrange a conversation with CIMB, MIDA, SBF, please feel free to reach out to:

Ms. Verona Koh
Senior Account Executive,
AKA Asia
Mobile: +65 6718 6333
Email: [email protected]

MIDA

Mr. Vinothan Tulisinathzan
Director,
MIDA Singapore
Mobile: +6587649932
Email: [email protected]  

CIMB

Ms. Charlene Quah
Brand Communications & PR Lead,
CIMB Singapore
Mobile: +65 8812 2273
Email: [email protected]  

Ms. June Yeo
PR & Corporate Communications Specialist,
CIMB Singapore
Mobile: +65 9749 9285
Email: [email protected]  

SBF

Mr. Joshua Low
Lead Manager International Business Division
Singapore Business Federation
M: +65 8198 4830
E: [email protected]  

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my/ and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About CIMB

CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM80.1 billion as at 30 June 2026. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and the Philippines. Singapore is one of its key markets with approximately 1,000 employees serving clients across consumer, commercial, wholesale and transaction banking products and services.

Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 524 branches and over 33,000 employees as at 30 June 2026. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 92.46% shareholder of Bank CIMB Niaga in Indonesia, and 94.83% shareholder of CIMB Thai in Thailand.

Sustainability is a core pillar of CIMB’s Forward30 strategy and 2030 roadmap. The Group is guided by its Green, Social, Sustainable Impact Products and Services (“GSSIPS”) framework, an internal taxonomy designed to deliver impactful sustainable finance. Since launching its sustainable finance framework in 2021, CIMB has progressively raised its ambitions, increasing its initial RM30 billion target to RM100 billion for 2021–2024. The Group now targets RM300 billion in sustainable finance by 2030, reinforcing its commitment to enabling a lower-carbon and more inclusive economy across the region.

About Singapore Business Federation (新加坡工商联合总会)

Singapore Business Federation (SBF) is the apex business chamber with over 34,000 members across diverse industries. With a vision to advance Singapore towards a globally competitive and sustainable economy, SBF mobilises the business community to be future-ready and magnify transformation opportunities through policy advocacy, partnership platforms and capability programmes.

For more information, visit www.sbf.org.sg

Inaugural Invest Malaysia Day 2026 Highlights How Singapore Businesses Can Tap Malaysia’s Next Phase of Growth

Key Highlights:

• MIDA’s inaugural Renewable Energy Supply Chain Programme connects TNB Power Generation Sdn. Bhd. (TNB GENCO) and TNB Renewables Sdn. Bhd. (TNB RE) with Malaysian vendors, manufacturers, engineers and service providers.
• Approximately 25 Malaysian domestic companies participated in the targeted business-matching sessions.
• MIDA’s participation supports Malaysia’s ambition to achieve 70 per cent renewable energy capacity by 2050, while strengthening local participation across the Renewable Energy (RE) value chain.

KUALA LUMPUR, 14 October 2026 — The Malaysian Investment Development Authority (MIDA) through IGEM 2026 is strengthening Malaysia’s renewable energy (RE) ecosystem by connecting major RE players with Malaysian domestic companies, and turning investment interest into quality, actionable opportunities that drive stronger domestic capabilities and supply chains for the country’s energy transition.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “Malaysia’s energy transition is not only about increasing renewable energy capacity; it is also an opportunity to build stronger Malaysian companies, develop specialised capabilities and create greater economic value at home. At MIDA, we want to ensure that every quality investment we facilitate creates meaningful linkages with our domestic industry and contributes to the development of a more competitive renewable energy ecosystem.”

“Our inaugural Renewable Energy Supply Chain Programme marks an important step in this direction. By bringing major renewable energy players together with Malaysian vendors, manufacturers, engineers and service providers, we are creating direct pathways for local companies to participate in actual projects and supply-chain opportunities. This is how we move from investment interest to tangible industrial outcomes. As Malaysia advances towards its 70 per cent renewable energy capacity target by 2050, we see significant opportunities for Malaysian companies to move further up the value chain — from supplying components and providing engineering and technical services, to developing technologies and eventually serving regional and global markets. Our ambition is for Malaysia not only to deploy green technologies, but increasingly to develop, produce and export them,” he added.

Strengthening Malaysia’s Renewable Energy Supply Chain

The Renewable Energy Supply Chain Programme, themed “Strengthening Malaysia’s Renewable Energy Ecosystem with MIDA”, was held on 8 October 2026 at IGEM 2026 in KLCC and connected anchor companies, TNB Power Generation Sdn. Bhd. (TNB GENCO) and TNB Renewables Sdn. Bhd. (TNB RE) with Malaysian vendors, manufacturers, engineers and service providers. The programme kickstarted with remarks by Puan Zuaida Abdullah, Deputy CEO (Investment Development), MIDA.

Approximately 25 Malaysian manufacturing and services companies participated in the business-matching sessions to explore collaboration opportunities and renewable energy supply-chain needs. The programme also recognised five Renewable Energy Local Champions — Alliance MEP Sdn. Bhd., Reactive Energy Sdn. Bhd., Deltaspec (M) Sdn. Bhd., P.E.S.B. Engineering Sdn. Bhd. and SAA Engineering & Marine Sdn. Bhd. — for their technical capabilities, highlighting the growing participation of Malaysian companies in higher-value segments of the renewable energy ecosystem.

“As TNB Genco continues to expand our renewable energy portfolio, with the pioneering Hybrid Hydro Floating Solar project at Tasik Kenyir now in execution, we are committed to enabling Malaysian companies to grow alongside this transition. Our collaboration with MIDA provides an important platform to connect capable local manufacturers, vendors and service providers with tangible opportunities across our project pipeline, while strengthening domestic capabilities, generating sustainable economic value and positioning Malaysian solutions to serve both domestic and regional markets,” said Dato’ Shahrir Abdul Latiff, Managing Director of TNB Power Generation Sdn. Bhd. (TNB GENCO).

“At TNB Renewables, our ambition goes beyond adding renewable megawatts. As we grow our renewable energy portfolio, we want each project to create lasting value for Malaysia by deepening local participation across the renewable energy value chain. This means creating meaningful opportunities for Malaysian contractors, manufacturers, vendors and service providers to build capabilities, grow alongside our project pipeline and progressively participate in higher-value areas such as engineering, technology, construction, operations and specialised services.”

“Through our collaboration with MIDA, we aim to strengthen the link between renewable energy investment and domestic industrial development — supporting greater localisation, capability and skills development, technology transfer, quality employment and wider economic spillovers. This reflects our ‘Beyond Megawatts’ approach: ensuring that the energy transition not only delivers cleaner energy, but also develops stronger Malaysian businesses and capabilities that can compete domestically and, ultimately, across the region,” said Encik Elmie Fairul Mashuri, Managing Director, TNB Renewables Sdn. Bhd. (TNB RE).

From Green Investment to Wider Economic Opportunities

Aligning with MIDA’s #InvestLokal agenda, its participation at IGEM 2026 demonstrates its role in connecting investment with industry and linking global opportunities with Malaysian capabilities. With the recent measures announced under Budget 2027, the initiative further reinforces Malaysia’s commitment to accelerating the green economy and energy transition. The extension of the Green Investment Tax Allowance (GITA) incentives until 31 December 2030, alongside a combined RM17 billion in grid and energy infrastructure, as well as investment funds involving TNB, UEM Lestra and KWAP, will strengthen the country’s energy infrastructure and enhance Malaysia’s competitiveness in attracting high quality and sustainable green investments.

-ENDS-

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my/ and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

For media inquiries, please contact:

MIDA

Mr. Zahirul Ishak
Director, Green Technology Division, MIDA
Tel: 03-22632405 | Email: [email protected]

MIDA Strengthens Malaysia’s Renewable Energy Supply Chain at IGEM 2026

Kuala Lumpur, MALAYSIA, 13 October 2026 — NovaAir Industrial Gases Sdn. Bhd. (hereinafter referred as to NovaAir), the Malaysian subsidiary of Yingde Gases, has inaugurated its 300‑tonnes‑per‑day Kuala Lumpur (KUL) liquid air separation unit (ASU) at UMW High‑Value Manufacturing Park in Greater Kuala Lumpur, strengthening Malaysia’s domestic supply of essential industrial gases for high-value manufacturing and reinforcing the group’s long-term investment commitment to Malaysia.

Commissioned in August 2026, the facility supports growing demand for industrial gases across Malaysia’s manufacturing ecosystem and strengthens Yingde Gases’ presence in Southeast Asia.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of Malaysian Investment Development Authority (MIDA), said, “Industrial gases may be unseen, but they are essential to the industries powering Malaysia’s next phase of growth. NovaAir’s investment strengthens this critical foundation, advancing the ambitions of NIMP 2030 and the Chemical Industry Roadmap 2030 while enabling stronger domestic supply chains, higher-value industrial activities and skilled employment opportunities for Malaysians.”

Charlene Quek, General Manager of NovaAir, stated: “Malaysia hosts Yingde Gases’ very first regional headquarters outside China. NovaAir aims to forge deep, long‑term partnerships with Malaysian local businesses and contribute to Malaysia’s national industrial ambition. The KUL liquid ASU and Alliance Steel project together demonstrate our confidence and sustained investment in this market.”

The KUL liquid ASU produces oxygen, nitrogen, argon and high-purity oxygen for downstream industries including chemicals, electrical and electronics, oil and gas, food processing, steelmaking and new-energy lithium battery production. Its proprietary air separation technology was developed and manufactured in-house by Yingde Engineering, the group’s engineering subsidiary, while artificial intelligence-driven control systems help improve energy efficiency and reduce the plant’s carbon footprint.

By meeting growing demand for high-quality industrial gases, the facility will support technological upgrading across downstream industries and strengthen Malaysia’s position as a high-tech manufacturing hub in Southeast Asia.

The investment complement NovaAir’s existing operations at the Malaysia‑China Kuantan Industrial Park (MCKIP), where it operates three large‑scale 20,000 Nm³/h on‑site air separation units for Alliance Steel (Malaysia). Yingde Gases’ largest overseas on‑site ASU complex to date, the project supplies high‑purity oxygen, nitrogen and argon to support Alliance Steel’s steel‑making operations and expansion plans. The Alliance Steel facility holds ISO 9001 quality management, ISO 14001 environmental management and Halal certifications.

The inauguration was attended by senior representatives from MIDA and Invest Selangor, alongside key customers, industry partners, contractors, and the management teams of Yingde Gases and NovaAir.

Looking ahead, NovaAir aims to raise the KUL plant’s capacity utilisation to above 90 % within two years. Over the next three to five years, Yingde Gases plans to expands its investment in Malaysia, with the ambition of positioning NovaAir among the country’s top three industrial gas suppliers. From its Malaysian regional headquarters, NovaAir also plan to pursue opportunities in Thailand, Vietnam and Indonesia, while continuing to focus operational efficiency, sustainability and local talent development.

– END –

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA 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.

About NovaAir

NovaAir, as the overseas subsidiary of YingDe Gases, has operated air separation plants in Malaysia, Thailand, etc. Its business covers the entire process of industrial gas production and operation, providing the regional customers with premium quality gas applications and solutions. For more information, please visit: www.novaair.co

About Yingde Gases

Yingde Gases is a large-scale professional gas company committed to industrial development, with over 150 gas production facilities in China and abroad, covering various industries such as metallurgy, chemical, electronics, semiconductor, photovoltaic, food, medical and healthcare, new materials, energy and environmental protection. Its market reach extends across China and Southeast Asia. Yingde Gases focuses on on-site gas supply, bulk liquid, MiniBulk, packaged gases, rare and specialty gases, and Yingde Engineering (design and manufacturing of cryogenic equipment including air separation unit). We supply high quality on-site pipeline gases, liquid gases in tanks and cylinder gases such as oxygen, nitrogen, and argon. For more information, please visit: www.yingde.com.

For media enquiries:

MIDA

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

NovaAir

Ms. Amanda Chu
Senior Legal Counsel
Tel: +603 2774 6200
Email: [email protected]

NovaAir Deepens Long‑Term Investment Footprint in Malaysia With Inauguration of KUL Air Separation Unit

PENANG, MALAYSIA, 8 October 2026 — TANAKA MEP Refinery Sdn. Bhd., a joint venture between Japan-based TANAKA Precious Metal Technologies Co., Ltd. and Malaysia-based MEP Enviro Technology Sdn. Bhd., today inaugurated its groundbreaking facility at Batu Kawan Industrial Park, Penang. The RM70 million investment will establish Malaysia’s first 4N precious metal refining factory, producing high-purity precious metals at 99.99% purity and positioning the country as a regional
leader in advanced refining capabilities.

Developed on approximately three acres of land with a built-up area of 45,000 square feet, the facility will focus initially on producing 4N high-purity gold and potassium gold cyanide (PGC) for the electronics and semiconductor industries. Commercial operations are expected to commence in the first quarter of 2029.

The groundbreaking ceremony was officiated by TYT Tun Dato’ Seri Utama Haji Ramli bin Ngah Talib, Yang di-Pertua Negeri Pulau Pinang, together with YAB Chow Kon Yeow, Chief Minister of Penang, and attended by representatives from the state and federal government, industry, and relevant agencies.

YAB Chow Kon Yeow, Chief Minister of Penang, said, “Penang is proud to host Malaysia’s first 4N precious metal refining facility, adding another ecosystem partner to our established E&E and semiconductor ecosystem. With more than five decades of
industrial excellence, Penang has developed an increasingly comprehensive ecosystem spanning design, manufacturing, testing, equipment and supporting companies. The presence of TANAKA MEP Refinery contributes to strengthening our industrial
capabilities while supporting greater resource recovery and the development of a more sustainable and circular industrial ecosystem in Penang.”

Malaysia’s manufacturing sector continues to attract significant quality investments. In the first half of 2026 (1H2026) alone, the sector recorded RM51.3 billion in approved investments across 973 projects, expected to create 64,555 new jobs, underscoring the
country’s competitive position in high-value manufacturing. Penang, among top investment recipients, recorded RM17.3 billion in approved manufacturing investments in H12026, up 38.1% from the corresponding period last year.

YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), said, “The establishment of this facility strengthens Malaysia’s capabilities in higher-value precious metal
recovery and refining, while supporting important downstream industries including electrical and electronics and semiconductors. More importantly, the partnership demonstrates how investment can contribute to a more integrated and circular manufacturing ecosystem by recovering valuable materials and returning them to the industrial supply chain.”

“MIDA welcomes investments that deepen Malaysia’s industrial capabilities, introduce higher-value activities and create stronger linkages across the domestic supply chain. We will continue to work closely with TANAKA MEP Refinery and our partners in Penang to facilitate the implementation of this project and support its long-term growth in Malaysia,” he added.

MIDA has collaborated closely with TANAKA MEP Refinery and stakeholders throughout the project development phase and will remain engaged as implementation progresses. The Agency will facilitate connections with Malaysia’s broader manufacturing ecosystem and identify opportunities for local industry participation in the supply chain.

Mr. Ong, Director of MEP Enviro Technology, said the project Phase 1 will spend RM35 million focus on the production of 4N (99.99%) high-purity gold and potassium gold cyanide (PGC), which are widely used in the electronics and semiconductor
industries.

“Through this partnership, we aim to establish a more complete precious metal recycling value chain, from recovery and high-purity refining to returning valuable materials back into the manufacturing supply chain,” said Mr. Ong.

Mr. Tomoyuki Tada, Chief Operating Officer of TANAKA Precious Metal Technologies Co., Ltd., said that upon completion, the facility is expected to become Malaysia’s first 4N precious metal refining factory, strengthening Penang’s capabilities
in high-value precious metal recovery and refining while supporting the region’s electrical and electronics (E&E) and semiconductor industries.

The establishment of the facility is expected to further strengthen Penang’s manufacturing ecosystem by adding high-purity precious metal refining capabilities that support the requirements of the E&E and semiconductor industries, while contributing
to a more circular industrial value chain.

-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 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit https://www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

Media Contact:

Puan Zakiah Sajidan
Director, Machinery & Metal Technology Division

Tel: +603-2267 6769
Email: [email protected]

About Invest Penang

InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local
investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), Global Business
Services (GBS) Focus Group (promoting and developing digital economy), Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises) and Malaysia ATE Campus in Penang (accelerating
the co‐development, qualification, and scaling of Malaysian ATE solutions by enabling first-customer deployment). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok.

Media Contact:

Elaine Cheah / Ong Yih Hwa
Communications & Business Intelligence
Tel: +604 646 8833
Email: [email protected] / [email protected]

About TANAKA MEP Refinery
TANAKA MEP Refinery Sdn. Bhd. is a joint venture between Malaysia-based MEP Enviro Technology Sdn. Bhd. and Japan-based TANAKA Precious Metal Technologies Co., Ltd., with a planned total investment of approximately RM70 million. The new facility will bring advanced precious metal refining capabilities to Malaysia, with the capability to produce 4N gold to internationally recognised quality standards.

Media Contact:
Ms. Milkie Chua
PA to Director
Tel: +60 12 507 5551
Email: [email protected]

TANAKA MEP Breaks Ground on RM70 Million High-Purity Precious Metal Refining Facility in Penang

PENANG, MALAYSIA, 8 October 2026 — KYZEN, a global leader in innovative precision cleaning solutions for electronics and advanced manufacturing industries, today officially celebrated the grand opening of its new facility in Penang, Malaysia, marking a significant milestone in the company’s continued growth and long-term commitment to the country, building on more than 16 years of operations in Penang.

The new facility represents a substantial financial commitment, further contributing to Malaysia’s economic development and strengthening the nation’s position as a strategic hub for advanced manufacturing and technology-driven industries.

The grand opening ceremony was attended by YB Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry (MITI), representatives from MIDA and Invest Penang, industry partners, customers, suppliers, and members of the business community.

Strengthening Manufacturing Excellence in Malaysia

The newly inaugurated facility significantly expands KYZEN’s operational capabilities and staffing capacity, positioning the company to better support the growing needs of customers across Malaysia and the Asia-Pacific region.

The facility is designed to enhance production capacity, improve product delivery, and strengthen technical support services while incorporating advanced manufacturing technologies and sustainable operating practices.

Key highlights include:

• Expanded production and operational capabilities;
• Enhanced support for semiconductors, electronics, automotive, medical devices, and industrial manufacturing sectors;
• Advanced technology and innovation-driven manufacturing processes; and • Sustainable and environmentally responsible operations.

This investment reflects KYZEN’s confidence in Malaysia’s strong industrial ecosystem, highly skilled workforce, strategic location, and conducive investment environment.

KYZEN’s expansion adds to sustained investment activity in Malaysia’s manufacturing sector, which secured RM51.3 billion in approved investments across 973 projects in the first half of 2026, according to MIDA.

MIDA continues handholding investors such as KYZEN throughout their investment journey, facilitating project implementation and expansion while strengthening linkages with Malaysia’s broader industrial ecosystem. The agency remains focused on attracting and supporting quality investments that contribute to technological advancement, high

skilled employment, and stronger domestic capabilities. 

Continued Confidence in Malaysia

Since establishing its presence in Malaysia more than 16 years ago, KYZEN has continually invested in expanding its capabilities to meet the rapidly evolving needs of the electronics and advanced manufacturing industries.

The new facility marks an important milestone in the company’s investment journey and demonstrates its long-term commitment to supporting local industry development, technological advancement, and talent growth.

The investment also aligns with Malaysia’s aspirations to attract quality investments, deepen the industrial value chain, and create high-skilled employment opportunities.

“KYZEN’s expansion in Penang is more than an investment in facilities. It is a commitment to innovation, people, and the future of advanced manufacturing. By bringing world-class cleaning technologies and technical expertise closer to its customers in Southeast Asia, KYZEN is strengthening the region’s manufacturing ecosystem while creating valuable opportunities for local talent and industry collaboration,” said YBhg. Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry (MITI).

YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “KYZEN’s continued expansion after more than 16 years in Penang reflects the confidence that established investors continue to place in Malaysia’s manufacturing ecosystem. More importantly, investments such as this support the continued growth of our semiconductor, electronics and advanced manufacturing industries. This is aligned with the New Industrial Master Plan 2030, which seeks to strengthen Malaysia’s industrial capabilities, deepen domestic linkages, and encourage greater technological advancement. MIDA will continue to work closely with KYZEN and our partners to facilitate its growth in Malaysia, while strengthening industry linkages and creating quality opportunities for Malaysian businesses and talent.”

“Today’s grand opening marks a significant milestone for KYZEN in Malaysia. We are extremely proud of this new facility, which enables us to better serve our customers across the region while creating quality employment opportunities and supporting the development of advanced manufacturing capabilities in Malaysia. We are thrilled to continue offering our industry-leading chemistries and lab services from this improved space,” said KYZEN President and Chief Operating Officer R. Erik Miller.

“We also commend our KYZEN Clean Team in Penang for their dedication in serving our customers in Southeast Asia, throughout the move and transition to this new facility.”

Supporting Innovation and Talent Development

Beyond its economic contribution, KYZEN remains dedicated to fostering innovation, technology transfer, and talent development in Malaysia. The company will continue collaborating with industry stakeholders, educational institutions, and government agencies to support the development of future-ready skills and strengthen the country’s competitiveness in advanced manufacturing.

The new facility is expected to play a key role in supporting regional growth, enhancing supply chain resilience, and delivering innovative solutions to customers throughout the Asia-Pacific region.

-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 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit https://www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

Media Contact

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

About KYZEN

KYZEN is a global leader in providing environmentally responsible, RoHS compliant precision cleaning chemistries for industries ranging from electronics and advanced packaging to metal finishing and aerospace applications. Since its founding in 1990, KYZEN’s innovative cleaning technologies, scientific expertise and customer support have been repeatedly recognized with the industry’s most prestigious awards. For more information, visit www.kyzen.com. 

Media Contact

Lina Ong
Senior Marketing Coordinator
Tel: +604-630 3000
Email: [email protected]

Kyzen Expands Malaysia Presence with New Penang Facility, Strengthening Advanced Manufacturing Capabilities

PENANG, Malaysia, 24 October 2025 – Linktel Technologies, a global leader in high- speed optical communication solutions, marked a significant milestone with the opening of its plant 2 and 14th Anniversary Celebration in Penang. The new facility will produce next-generation optical transceivers across multiple specifications, including 1.6T, 800G, 400G, 100G, 40G, 25G, and 10G. These components are critical for artificial intelligence (AI) computing, high-performance computing (HPC), and data centres. The facility uses proprietary technology and fully automated Industry 4.0 systems to improve efficiency and support Linktel’s global operations.

The ceremony was graced by the presence of YB Tuan H’ng Mooi Lye, Penang State EXCO for Local Government and Town & Country Planning; Muhammad Ghadaffi Sardar Mohamed, Director of the Malaysian Investment Development Authority (MIDA) Penang Office; and S. Asmaazura Ismail, General Manager of Investment Manufacturing, Northern Corridor Implementation Authority (NCIA), alongside James Zhang, Group Chief Executive Officer, and Lin Xuefeng, Managing Director of Linktel Technologies.

YB Tuan H’ng Mooi Lye, Penang State EXCO for Local Government and Town & Country Planning, stated, “Linktel’s expansion with its second plant in Penang underscores the state’s robust industrial ecosystem, built on more than five decades of industrial excellence that continues to attract global players seeking regional growth. This expansion also reflects the steady emergence of advanced manufacturing in Penang, enabling companies like Linktel to support high-end technologies in the state.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, highlighted, “Linktel Technologies’ continued expansion in Penang shows strong investor confidence in Malaysia’s industrial capabilities and our readiness to support global technology companies. This investment strengthens the nation’s role in high- performance connectivity and semiconductor technologies, sectors that are critical to the future of manufacturing. This brings tangible benefits to our economy through quality job creation, supply chain development, and technology transfer. We are seeing companies like Linktel choosing Malaysia as a centre for both production and innovation. This aligns perfectly with the National Semiconductor Strategy and the New Industrial Master Plan 2030, which focus on moving Malaysia up the value chain in advanced manufacturing.”

Mr. Lin Xuefeng, Managing Director of Linktel Technologies Malaysia, added, “Plant 2 marks more than an expansion – it represents our continued trust in Malaysia as a strategic base for innovation, production, and talent. The strong support from the federal and the state governments have enabled us to grow with confidence. We look forward to contributing further to Malaysia’s industrial transformation and to advancing technologies that power the global digital economy.”

Since establishing operations in 2021, Linktel has charted a rapid growth trajectory, from its first manufacturing facility (Plant 1) to the launch of Plant 2, with plans already underway for Plant 3. To date, the company has created over 1,500 skilled jobs across its operations, reinforcing Malaysia’s position as a hub for advanced manufacturing and demonstrating its long-term commitment to the country’s industrial development.

–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 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), Global Business Services (GBS) Focus Group (promoting and developing digital economy), and Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok. 

About Linktel Technologies Sdn.Bhd.

Linktel Technologies, with international operation centers and customer service offices in USA, Singapore, Malaysia, and China, providing high-quality products for high-speed optical l/O connectivity including high speed pluggable transceivers, optical engines, and ODM/JDM services. Linktel is committed to becoming the world’s leading partner in optical communication connectivity solutions, consistently delivering high-quality products to our global customers while ensuring stable quality, agile delivery, and sincere service.

For media enquiries, please contact:

MIDA

Mr. Mohd Mazlan Mokhtar
Director, Electrical & Electronics Division
Email: [email protected]
Tel: +603-2267 6655

InvestPenang

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

Linktel Technologies Sdn.Bhd.

Ms. Ng Siew Ping
HR & Admin Manager
Email: [email protected]
Tel: +60-43827268

Linktel Technologies Expands in Penang with New Plant, Strengthening Malaysia’s Advanced Manufacturing Ecosystem

Johor, Malaysia, 29 October 2025 — OTS Holdings Limited (“OTS Holdings” or the “Company”, and together with its subsidiaries, the “Group”), a brand builder and food manufacturing group announces the grand opening of its new advanced food manufacturing facility located at Simpang Renggam, Johor.

The RM40 million investment in the halal-certified facility, equipped with advanced F&B machinery and automation systems, positions the Group to significantly expand its market reach. The facility will increase monthly production capacity to 200 tonnes —tripling the current Singapore halal production output of 60 tonnes.

The event on 28 October 2025 was graced by Yang Berhormat Tuan Lee Ting Han, Chairman of the Johor State Investment, Trade, Consumer Affairs and Human Resources Committee, along with representatives from the Malaysian Investment Development Authority (MIDA), Enterprise Singapore, the Singapore Business Federation, the Johor State Islamic Religious Department, as well as representatives from banking institutions, partners, and business associates.

Backed by advanced production capabilities and in-house R&D expertise, the Group has undertaken extensive renovation and upgrading works, since acquiring the property for RM14.3 million in November 2023, to ensure the new facility aligns with the Group’s stringent food manufacturing standards, quality controls and operational requirements.

The facility, which spans a land size of 178,863 square feet with a built-up area of 65,000 square feet, is dedicated exclusively to halal production and has successfully obtained its halal certification in August 2025.

Notably, the Johor manufacturing facility is equipped with new advanced F&B machinery and automation, which will enable the Group to maintain stringent quality standards while operating with a lean workforce.

YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, commented, “The opening of Ellaziq’s new facility in Johor affirms Malaysia’s strategic role in the global halal economy, particularly in the advanced food manufacturing sector. It is a clear testament to the confidence international brand builders have placed in our country’s ecosystem, infrastructure and skilled workforce.”

“This expansion leverages the unique close proximity and economic synergy between Johor and Singapore, delivering dual benefits, strengthening regional supply chains while substantially increasing our national halal capacity to better serve not just Muslimconsumers, but also those who prioritise halal-certified products globally. This project strongly aligns with the government’s economic agenda by creating high-quality jobs and driving the use of advanced machinery. MIDA remains fully committed to supporting high-value investments that deliver significant, tangible growth.”

Managing Director of OTS Holdings, Mr. Ong Bee Chip said: “Our new Johor facility reflects our commitment to meeting the evolving needs of the Muslim consumer segment, which continues to grow both in value and demand.

Our focus is not just on increasing volume, but on creating products that resonate with the values and expectations of the Muslim community, while maintaining the stringent standards of food quality and safety.

Targeting the growing Muslim consumer market locally and abroad—from Singapore and Malaysia to the Middle East, UAE, and Africa, our enhanced production capacity will also strengthen our export capabilities, extending our trusted halal brands and high-quality products to a larger audience globally.”

*****

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 OTS Holdings Limited
(Bloomberg: OTS:SP / SGX Stock Code: OTS)

Established in 1993, OTS Holdings Limited is a brand builder and food manufacturing group in the consumer industry with a strong niche in ready-to-eat and ready-to-cook meat products with key markets in Singapore and Malaysia.

The Group’s vision is to develop a growing portfolio of established consumer brands and become an innovative market leader in the region. Targeting both halal and non-halal consumer segments, the Group has more than 1,100 SKUs across 13 main product types under its eight house brands and notably the Group’s flagship brands, “Golden Bridge” and “Kelly’s” have become established household names within the ready-to-eat and ready-to-cook meat products market in Singapore and Malaysia.

The Group owns and operates three modern food manufacturing facilities, two in Singapore and one in Simpang Renggam, Johor, Malaysia. In Singapore, its integrated food manufacturing facilities with in-house research and development team span across around 98,285 square feet with an average annual production of around 2,500 tonnes of ready-to-eat and ready-to-cook meat products.

The Group’s food products are sold in major supermarkets, convenience stores, provision shops, hotels and restaurants in Singapore and Malaysia. Having built an established sales and distribution network over the past few decades, the Group aims to expand its presence in existing markets and overseas.

For more information, please visit the Company’s website at www.ots-holdings.com.

For media enquiries, please contact:

MIDA
Ms. Wan Hariati Wan Salleh
Senior Deputy Director,
Food Technology & Resource Based Industries Division
Tel: +603-2267 6654
Email: [email protected]

OTS Holdings Limited

Issued on behalf of OTS Holdings Limited by 8PR Asia Pte Ltd.

Mr. Alex TAN
Mobile: +65 9451 5252
Email: [email protected]

This press release has been prepared by the Company and its contents have been reviewed by the Company’s Sponsor, SAC Capital Private Limited (“Sponsor”). This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Ms Audrey Mok (Telephone: (65) 6232 3210), at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.

OTS Holdings Expands Halal Production Capacity with Grand Opening of Ellaziq’s Advanced Manufacturing Facility in Johor

KEDAH, 28 October 2025 – Ichia Technologies, Inc., leader in electronic components manufacturing with over 40-year of industry experience, proudly announces the grand opening of its second state-of-the-art manufacturing facility at Kulim Hi-Tech Park (KHTP), Kedah. The RM490 million investment expected to create approximately 600 job opportunities with a strong emphasis on high-skilled talent.

The new manufacturing facility will focus on the manufacturing of Printed Circuit boards, printed circuit board assemblies and components for automative and telecommunication sectors.

Spanning more than 55,000 square meters on an 11-acre site, the facility incorporates automated production lines, IoT-enabled system and artificial intelligence technology in line with Industry 4.0 principles. The advanced manufacturing capabilities will support the growing demand in key sectors while enhancing production efficiency and quality.

The ceremony was attended by Puan Nazlizan Abdullah, Director of Malaysian Investment Development Authority (MIDA) Kedah; Encik Noor Ikhsan Bin Abdul Aziz, Chief Operating Officer of Invest Kedah; Mr. James Buu, Deputy Representative of Taipei Economic and Cultural Office in Malaysia; Mr. Huang Chiu-Yung, Chairman of Ichia Technologies Group; as well as other distinguished guests.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of Malaysian Investment Development Authority (MIDA), stated: “Ichia’s decision to build its second state-of-the-art manufacturing facility in Kulim Hi-Tech Park, with a significant RM490 million investment, powerfully affirms Malaysia’s position in the E&E sector. This advanced facility, focusing on PCB, PCBA and components for the automotive and telecommunication sectors and incorporating Industry 4.0 technologies like AI and IoT, aligns perfectly with our NIMP 2030 vision. The creation of 600 high-skilled jobs is crucial for developing local talent and strengthening Malaysia’s role as a strategic, resilient hub in the global E&E supply chain.”

Mr. Noor Ikhsan Bin Abdul Aziz, Chief Operating Officer of the Invest Kedah Berhad, stated: “Ichia’s expansion in Kulim Hi-Tech Park enhances Kedah’s status as a high-value manufacturing hub. This investment will boost our electronics ecosystem, create skilled jobs, and open new opportunities for local suppliers in automotive and telecommunications. It reflects Kedah’s commitment to talent development and renewable energy.

Invest Kedah Berhad will streamline the investment process for local and global investors, ensuring projects like Ichia’s thrive sustainably. We will continue to partner with local universities and technical institutions through the Kedah Talent and Development Centre (KTDC) to foster skilled talent, while promoting green energy initiatives for sustainable industrial growth under Kedah State Energy Resources Sdn Bhd (KESTER).”

Mr. Huang Chiu-Yung, Chairman of Ichia Technologies Group, stated: “Ichia Technologies Inc., a publicly listed company in Taiwan, is a global leader in providing advanced integrated module solutions. Amid the ongoing restructuring of global supply chains and the challenges brought by U.S. reciprocal tariffs, our new facility in Kulim, Malaysia, will serve as a key driver for the Group’s long-term sustainable growth. Malaysia will become the Group’s second-largest manufacturing base, enabling us to continue delivering exceptional products and services to customers around the world.”

The opening of Ichia’s KHTP facility marks a significant milestone in Malaysia’s journey to become a preferred destination for high-tech manufacturing investments. With its strategic location, skilled workforce, and supportive ecosystem, Kedah is positioning itself as a critical node in the global electronics supply chain, attracting world-class manufacturers who are reshaping the future of the industry.

*****

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 Invest Kedah
Invest Kedah Berhad (IKB) is the official investment promotion agency for the State of Kedah, responsible for attracting and facilitating strategic domestic and international investments. IKB plays a vital role in ensuring that the investments received generate a positive impact on the state’s economic development and the well-being of its people. Through an investor-friendly approach and close collaboration with both federal and local government agencies, IKB is committed to positioning Kedah as a leading investment destination in the northern region of Malaysia.

About Ichia

Ichia Technologies, founded in 1983 and IPOed in Taiwan, has over 40 years of expertise in electronic components. Based on the core technology in mechanical and electronic components, Ichia extends the business to the module, include EMS (Electronic Module Solutions), IMS (Integration Module Solutions), and TMS (Thermal Module Solutions), providing comprehensive one-stop services from design to manufacturing. These solutions are widely applied in consumer applications, servers, AIoT, automotive electronics, and optical fiber communications, etc. Nowadays, the global foodprints has extended from Taiwan to Mainland China, Malaysia, Europe, and the United States. Ichia, driven by the mission “Act with Purpose, Impact with Vision”, expects to be the valued partnership to customers.

For media enquiries, please contact:

MIDA
Encik Mohd Mazlan Mokhtar
Director, Electrical & Electronics Division
Email: [email protected]
Tel.: +603-2267 6655

Invest Kedah Berhad
Corporate Communication Department
Email: [email protected]
Tel.: +604-7027373

Ichia Technologies
Mr. Ooi Teck Joo
Director, Ichia Technologies Malaysia Sdn. Bhd.
Email: [email protected]
Tel.: +604-3903900

Ichia Technologies Malaysia Celebrates Grand Opening Of Its RM490 Mil New Manufacturing Facility In Malaysia

Key Highlights:

• RM7.3 billion in potential green investments generated through strategic business matching sessions
• Strategic partnership with Maybank to accelerate green financing and sustainable investments
• Biz Bridge business matching initiative connects global data centres, renewable energy players, and sustainable manufacturers

Kuala Lumpur, 21 October 2025 — In the global race for green capital, Malaysia has emerged as Southeast Asia’s most compelling turnaround story. The Malaysian Investment Development Authority (MIDA)’s strategic initiatives at IGEM 2025 signal a nation hitting its stride: RM7.3 billion in potential investments, 38 high-stakes business matchmaking sessions, and a game-changing alliance with Maybank that could reshape the region’s clean energy landscape.

“IGEM 2025 marks a pivotal moment in Malaysia’s economic transformation,” states Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA’s Chief Executive Officer. “The MADANI Economy Framework, the New Industrial Master Plan 2030, the National Energy Transition Roadmap, and the Green Investment Strategy – they’re Malaysia’s blueprint for capturing the USD1 trillion Asian green economy. The RM7.3 billion potential green investments we’ve generated demonstrates that global capital recognises what we’re building: a sustainable industrial ecosystem that creates value for investors while delivering prosperity for all Malaysians. This is how we turn net-zero ambitions into net-positive growth.”

Strategic Partnerships Drive Green Momentum

MIDA’s Biz Bridge initiative, co-organised with the Malaysian Photovoltaic and Sustainable Energy Industry Association (MPSEA), proved instrumental in connecting green energy suppliers and demand offtakers. The platform facilitated meaningful connections between 15 demand-side and 14 supply-side participants, creating a robust marketplace for renewable energy generation and sustainable industrial development. 

Mr. Ir. Justin Sim, President of MPSEA, highlighted the importance of such partnerships, remarked, “As Malaysia and the region advance towards a clean energy transition, collaboration is key. Biz Bridge provides a valuable platform for industry players to forge partnerships that accelerate the deployment of green technologies, attract sustainable investments, and position Malaysia as a leading clean energy hub in ASEAN.”

Maybank Partnership Unlocks Green Financing

Reinforcing its role as the nation’s principal investment promotion agency, MIDA has formalised a Memorandum of Understanding (MoU) with Malayan Banking Berhad (Maybank) to promote Malaysia as a preferred destination for high-value and sustainable investments. This collaboration leverages both organisations’ networks, expertise, and resources to attract quality investments that advance the adoption of green technology, ESG practices, and Industry 4.0 solutions.

Comprehensive Investor Support Through MIDA

Running throughout IGEM 2025, MIDA displayed its role and functions to potential green investors through the following pillars:

• Green Investment Strategy aligned with the National Green Policies such as NETR & NIMP2030 
• Green investment promotion under the Green Investment Strategy (GIS) for seven strategic levers 
• Green Investment Incentives such as Green Investment Tax Allowance (GITA) & Green Income Tax Exemption (GITE) 
• Facilitation of investors through a seamless investor journey 

Looking Ahead: Accelerating Green Transformation

The RM7.3 billion proposed green technology investments represent just the beginning of Malaysia’s green economic transformation. With data centres seeking sustainable power solutions, manufacturers requiring clean energy for ESG compliance, and global corporations establishing regional green hubs, Malaysia is poised to become the premier hub of green energy.

***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. Nelson a/l Samuel Wilson
Director of Green Technology Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 3635

APPENDIX

Mr. Ten Wee Seong, CEO, Seri Pajam Development Group / SPD Tech Valley

“We’re honoured to join the Biz Bridge Business Matching event by MIDA and MPSEA, which creates a valuable platform to connect green energy demand with real, sustainable solutions. At SPD Tech Valley, we share the same vision — driving Malaysia’s transition towards a low-carbon future through smart, sustainable, and ESG-driven industrial development.

As Southeast Asia’s first LEED Gold–certified smart industrial park, and with GreenRE-certified detached factories, we’re committed to enabling investors to operate responsibly while gaining a competitive edge in global export markets that prioritise green compliance and clean energy.” 

Mr. SK Lew, Managing Director of Northern Solar

“We applaud MIDA’s proactive initiatives like the Biz Bridge platform, which foster meaningful collaborations between industry players and investors. As a public-listed full turnkey EPCC and IPP, Northern Solar is proud to work alongside MIDA to accelerate solar adoption and contribute to Malaysia’s NETR ambitions through reliable, innovative, and sustainable energy solutions.” 

MIDA Secures RM7.3 Billion Potential Green Investments at IGEM 2025, Positioning Malaysia As Southeast Asia’s Clean Energy Hub

PENANG, Malaysia, Oct. 8, 2025 – Global logistics leader UPS (NYSE: UPS) has opened a new package centre in Penang in a move that enhances services for a wide range of its customers across the city.

The company has also increased the size of its existing hub at Penang Airport to boost processing capacity and provide businesses in Penang with even more access to the global UPS network.

The 20,000 sq ft. centre is located in Penang Science Park North, an area home to multiple industrial parks and popular with businesses in the high-tech and manufacturing sectors.

UPS’s new service means pickup times for exports of the company’s Express and Worldwide Express Freight shipments for businesses in eight areas – including Butterworth, Batu Kawan and Bayan Lepas – are extended by up to two hours, giving customers more time to prepare outbound shipments. Deliveries to businesses in Batu Kawan, Perai, Penang and Kulim, Kedah will now also be delivered earlier.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), welcomed the development, “This investment by UPS comes at a crucial moment as businesses adapt to shifting global trade patterns and supply chain realignments. The new package centre in Penang, coupled with the expanded airport hub, introduces advanced automation and smarter warehousing processes that will enhance resilience and efficiency for Malaysian companies competing in time-critical sectors such as semiconductors and electronics.”

“At MIDA, we are committed to accelerating the adoption of Smart Warehousing and automation across the logistics sector. UPS’s continued confidence in Malaysia reinforces our efforts to build a more agile supply chain ecosystem that positions the country as a preferred hub for high-value global investments,” he added.

“When we talk to our customers, what many of them ask for is more hours in a day. Extending pickup times effectively gives them that; extra time to receive and ship more orders every day. Our enhanced airport hub then allows us to process these shipments efficiently when they arrive or leave on one of the 11 weekly UPS flights we have serving Penang,” said Ingrid Sidiadinoto, senior managing director UPS Malaysia at an event commemorating the opening of the new centre.

“Businesses all over the world are evaluating and learning from the events of recent years and looking to build more resilience into supply chains as a result. Malaysia is in a good position to capitalise on some of these trade lane shifts and Penang is central to that. We’re here to help our customers make the most of the opportunities available to them. We’re excited about the future growth potential for businesses in Penang,” Sidiadinoto added.

This is the latest in a series of investments by UPS in its Malaysia network. In May 2025, the company launched a new service in Johor that provides businesses across the state with next-day delivery to and from countries across the Asia Pacific region. Deliveries to and from Europe and the U.S. meanwhile will arrive in as little as two business days. This follows an earlier service enhancement in 2024 that enabled deliveries to and from over 50 countries across the Americas to be completed in as little as two business days.

For full details of delivery times within UPS’s global network, refer to the UPS time and cost calculator.

*****

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 UPS

UPS (NYSE: UPS) is one of the world’s largest companies, with 2024 revenue of $91.1 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 490,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. More information can be found at www.ups.com, about.ups.com and www.investors.ups.com.

For media enquiries, please contact:

MIDA

Mr. Habibah Enok
Director,
Oil and Gas, Maritime and Logistics Services Division
Tel: +603-2267 3539
Email: [email protected]

UPS

Tim Neesham
UPS Asia Pacific Communications
[email protected]

UPS Opens New Package Centre, Enhances Delivery Services In Penang

Kuala Lumpur, 1 October 2025 – Dunham-Bush Industries Sdn. Bhd., one of Malaysia’s most established heating, ventilation, and air conditioning (HVAC) manufacturers, hosted a data centre seminar today in partnership with the Malaysian Investment Development Authority (MIDA), its Strategic Investment Ecosystem Partner.

The seminar, themed “Keep Your DC Cool”, drew more than 60 key stakeholders from across the data centre ecosystem and government agencies to Dunham-Bush’s manufacturing facility. Discussions centred on the critical role of precision cooling in sustaining uptime, resilience and energy-efficiency, reaffirming Malaysia’s position as a hub for advanced, sustainable climate solutions for mission-critical infrastructure.

“From 2021 until June 2025, MIDA has approved RM144.4 billion worth of investments in data centre and cloud projects”, said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA. “These projects are creating strong linkages across Malaysia’s value chain, with AI-driven data centres generating up to four times downstream impact for local suppliers, service providers, and talent. By strengthening resilience and competitiveness, we are laying the foundation for Malaysia to be a regional leader in the global data economy. Companies like Dunham-Bush demonstrate how local champions can scale globally while contributing to national priorities.”

Mr. Yu Baoshuang, Managing Director of Dunham-Bush Malaysia, added, “We are proud to host this event and open our doors to showcase our capabilities to the industry. Cooling is not just a support system – it is at the heart of data centre operations. At Dunham-Bush, we are committed to delivering precision cooling and energy-efficient climate solutions that meet the growing needs of the data centre industries. This demand has enabled us to expand our local manufacturing, invest in new technologies, and create skilled opportunities for Malaysians. Together with partners like MIDA, we are building a stronger future for Malaysia as a regional hub for data centres.”

This event follows MIDA’s Data Centre Nexus initiative launched in May 2025, signalling sustained governmental commitment to the sector. As artificial intelligence (AI) and cloud computing drive exponential growth in data processing, the physical infrastructure supporting these digital ambitions becomes increasingly critical.

The seminar reinforced the importance of strong collaboration between government and industry in advancing Malaysia’s competitiveness in the regional and global data centre landscape. With Dunham-Bush’s innovation and MIDA’s facilitation, Malaysia is strengthening supply chain resilience, attracting high-value investments, and building a future-ready economy, competitive, inclusive, and sustainable.

*****

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 Dunham-Bush Industries Sdn. Bhd.

Dunham-Bush is one of the world’s top commercial air conditioning manufacturers, which has long been committed to offering reliable air conditioning solutions and providing innovative engineering with green technology and superior quality manufacturing that meet the market demands for performance, reliability, and energy efficiency. Today, with the global headquarters located in Malaysia, Dunham-Bush has over 3,000 employees in 15 sales offices and three factories worldwide. For more information, please visit us at https://dunham-bush.com/.

For media enquiries, please contact:

MIDA
Ms. Noorzita Mohamad Nor
Director, Business Services and Regional Operations, MIDA
Email: [email protected]
Tel: +603-2267 3635

Dunham-Bush Industries Sdn. Bhd.
Ms. Noor Emelia binti Mohamad Noor
Senior Sales Manager, Dunham-Bush Sales & Services Sdn. Bhd.
Email: [email protected]
Tel: +603-89249000 ext:12005

MIDA and Dunham-Bush drive Malaysia’s data centre value chain with sustainable cooling solutions

GDS and MIDA highlight key partnerships to accelerate the growth of Malaysia’s data centre supply chain ecosystem

Key Highlights of the Data Centre Supply Chain Ecosystem Summit:

• MOU Exchange between GDS and SIRIM to boost quality and standards of data centre industry
• MOU Exchange with global suppliers forging stronger connections in Malaysia’s data centre supply chain
• GDS launches talent programs to train skilled digital professionals
• 400 attendees from the data centre supply chain ecosystem attended the summit, showcasing the latest in trend technology

KUALA LUMPUR, 27 OCTOBER 2024 – GDS International, a leading developer and operator of high-performance data centres, with Malaysian Investment Development Authority (MIDA) as the strategic partner has successfully hosted the Data Centre Supply Chain Ecosystem Summit in Johor today. The event gathered over 400 attendees across the data centre supply chain, as well as industry leaders and key government agencies, showcasing the latest technology trends, reaffirming Malaysia’s position as a key player in the global digital economy.

The summit featured the exchange of a significant Memorandum of Understanding (MOU) between GDS and SIRIM to improve quality and standards in the data centre industry. Additionally, GDS also exchanged MOUs with global suppliers, further strengthening Malaysia’s data centre supply chain. These partnerships will bring an estimated RM1 billion investment for integrated factories and service centers, contributing over RM5 billion annually to the economy and creating up to 5,000 local jobs.

YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry (MITI), commended the collaboration between MIDA, GDS, and key industry stakeholders, stating, “The partnerships established today exemplify the government’s commitment to cultivate an ecosystem that nurtures technological advancement and innovation, strengthening the foundation and development of the country’s digital infrastructure.

The five key considerations for the data centre industry should be:

1. Creation of meaningful job opportunities
2. Localisation of its supply chain
3. Water consumption
4. Power consumption
5. Prevention of speculative build

I am glad to note that GDS, a key player in Malaysia’s data centre industry, has hosted this summit in alignment with our goals to empower local companies for active participation in the data centre supply chain.”

Witnessing this momentous occasion, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, stated, “Positioned at the heart of the region, Malaysia’s expanding network of data centres and cloud infrastructure is crucial for facilitating cross-border data flow. Beyond data storage and processing, these data centres provide a veritable goldmine of opportunities for our small and medium-sized enterprises to plug into the global value chain. And, this in turn fosters the development of our local talent, drives technological innovation, and fuels economic growth within the ecosystem.”

GDS’s leadership expressed their continued commitment to advancing Malaysia’s digital landscape. “The success of this summit reflects the strength of Malaysia’s data centre supply chain and our shared vision to build a sustainable digital future. Malaysia is a land of opportunity and innovation, and we are dedicated to harnessing this potential by fostering collaboration across the industry and with key stakeholders. Together, we can drive significant growth, enhance our capabilities, and position Malaysia as a leading hub for data centre services in the region,” said William Huang, Chairman of GDS.

Malaysia is making remarkable strides in its digital economy, with an approved RM185.3 billion in digital investments from 2021 to June 2024. Data centre and cloud investments accounted for the lion’s share of these total approved investments, at RM131 billion. This serves as a testament that Malaysia is on the right track towards becoming a leading digital hub in the region.

**The End**

About MIDA

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

About GDS

GDS is a leading developer and operator of high-performance data centers in Asia. Our facilities are strategically located in primary economic hubs where demand for high-performance data center services is concentrated. With a track record spanning 23 years, GDS has successfully delivered services to some of the largest and most demanding customers in need of outsourced data center solutions. Recognizing the potential for growth in Asia, GDS established its international headquarters in Singapore in 2021.

For more information, please contact:

MIDA
Ms. Noorzita Mohamad Nor
Director, Business Services and Regional Operations, MIDA
Email: [email protected]
Tel: +603-2267 3635

GDS
[email protected]

Setting the Stage: GDS Summit Showcases Data Centre Supply Chain Ecosystem, Further Strengthening Malaysia’s Digital Infrastructure

PENANG, 26 October 2024 – Amphenol DC Electronics Malaysia Sdn. Bhd. (Amphenol), a global provider of engineering, design, and manufacturing services, celebrated the grand opening of its new 70,000 sq. ft facility in Penang today, with the potential for an additional 60,000 sq. ft in Phase 2. This expansion significantly increases the company’s footprint in the region to over 130,000 sq. ft, demonstrating its commitment to growth and innovation in Malaysia while greatly enhancing its capacity and capabilities.

The inauguration of the facility was attended management and staff of Amphenol, government officials including Mr. Muhammad Ghaddaffi bin Sardar Mohamed, Director of MIDA Penang, as well as the company’s key customers, suppliers and community partners.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA congratulated the company, affirming, “I extend my warmest congratulations to Amphenol on the launch of their new manufacturing facility in Malaysia. We’re committed to attracting high-tech, high-value investments that drive innovation and create skilled job opportunities for Malaysians. Amphenol’s decision to establish a presence here underscores Malaysia’s strong reputation in the global electrical and electronics (E&E) industry. I’m confident that this partnership will make a significant contribution to our nation’s continued economic growth and technological advancement.”

Meanwhile, Mr. Ruben Macias, General Manager of Amphenol DC Electronics (United States HQ), remarked, “We are thrilled to expand our operations in Malaysia, particularly in Penang, which has long been recognised for its strategic importance in the semiconductor sector.”

“This new facility will enable us to meet growing demand, accelerate innovation, and further contribute to Malaysia’s economy. The Penang Facility is fully in charged by Local Management” Mr. Chan Chee Wey, Amphenol DC Electronics Sdn. Bhd. Plant Director.

Located at Penang Science Park, the new facility equipped for Cable Assembly and Box Build, will serve as a major hub for manufacturing, creating 300 jobs and fostering local talent in Malaysia’s semiconductor industry. This state-of-the-art facility underscores Amphenol’s commitment to innovation, sustainability, and regional growth.

To learn more about the new Penang facility and Amphenol’s capabilities in the region, please visit https://www.dcelectronics.com.

**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 Amphenol DC Electronics

Amphenol DC Electronics, Inc. (ADCE) is a custom cable assembly and wire harness manufacturing company specializing in the design, engineering, and manufacturing of custom wire harnesses, cable assemblies, and integrated electronic mechanical devices. Established in 1979 and acquired by Amphenol in 2013, ADCE has built a reputation for uncompromising quality, innovation, and delivery excellence. For more information, visit our website.

For more information, please contact: 

MIDA

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

Amphenol DC Electronics

Mr. Chan Chee Wey
Site Operations Manager
T: 04-5456611
E: [email protected]

Amphenol Opens New Facility in Penang, Strengthening Commitment to Growth and Innovation

New Factory in Penang to Create 1,000 Jobs and Boost Malaysia’s Manufacturing Sector

ANDOVER, Massachusetts, United States; Kuala Lumpur, Malaysia., 24 October 2024 – MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that transform the world, celebrated the groundbreaking ceremony of its super center factory in Penang, Malaysia to support the growing needs of semiconductor equipment for wafer fabrication in the region and globally. The state-of-the-art facility will be located on a 17-acre plot, spanning approximately 500,000 square feet. and will employ approximately 1,000 people. The new factory will be built in multiple phases, with the first phase scheduled for completion in the first half of 2026.

ADUN Bukit Tambun and Director of InvestPenang, YB Goh Choon Aik stated, “Penang, renowned as the Silicon Valley of the East, has cemented its position as a preferred global destination for electronics and electrical investments in Southeast Asia. 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. MKS Instruments’ expansion into Penang is a testament to the state’s appeal as a preferred investment destination, supported by its robust ecosystem.”

YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), welcomed MKS Instruments to Malaysia, stating, “This groundbreaking super center factory is a resounding affirmation of Malaysia’s speedy implementation of the New Industrial Master Plan 2030, and MITI’s firm commitment to expedite targeted, high-tech investments with the support agencies like MIDA and InvestPenang. More importantly, this will create opportunities for better integration of local SMEs into global companies’ supply chains, while creating high-skilled, higher-paying jobs in cutting-edge sectors for Malaysians. I am confident MKS’s investment will help strengthen our semiconductor sector, supporting MITI’s positioning of Malaysia as a regional manufacturing and services hub for high-tech industries.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), lauded MKS Instruments’ milestone, stating, “This momentous occasion presents a golden opportunity for our machinery and equipment (M&E) companies to showcase their prowess in producing high-value products and integrated services that meet the exacting standards of multinational corporations (MNCs). MIDA remains steadfast in its commitment to supporting and facilitating investments that enhance operational capabilities, ultimately catalysing the meteoric rise of Malaysia’s manufacturing sector, a true ‘industrial powerhouse’ in the making.”

“Penang offers an attractive and rapidly growing semiconductor ecosystem, and building a significant presence here is part of our strategic and long-term capital planning,” said Dr. John T.C. Lee, President and Chief Executive Officer of MKS. “Adding Penang to our global footprint puts us closer to our customers, suppliers and a robust technology infrastructure, including a deep and talented labour pool, as we continue to spur innovation and enhance our capabilities as a leader across a broad array of semiconductor manufacturing applications.”

MIDA reported that for the first half of 2024 (1H2024), the Machinery and Equipment (M&E) sector saw promising growth, with a total of 64 projects approved, amounting to investments valued at RM2.8 billion. These projects are anticipated to create significant opportunities, generating over 3,500 new jobs and contributing to the sector’s continued development and expansion in Malaysia.

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube 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 MKS Instruments
MKS Instruments enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.

For more information, please contact:

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

InvestPenang
Ms. Elaine Cheah
Communications & Business Intelligence
Email: [email protected]
Tel.: +604 6468833

MKS Instruments
Mr. Bill Casey
Senior Director, Marketing Communications 
Email: [email protected]
Tel.: +1 630 995 6384 

Ms. Kerry Kelly
Partner, Kekst CNC
Email: [email protected]

Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, regarding MKS’ construction of a factory in Malaysia and the projected timeline. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein, including as a result of the factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2023 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

MKS Instruments Breaks Ground on Super Center Factory in Malaysia

Kuala Lumpur, 16 October 2024 –In response to the growing demand for skilled talent in Malaysia’s rapidly advancing manufacturing sector, the Malaysian Investment Development Authority (MIDA) and the Malaysian Technical Universities Network (MTUN) today announced a strategic partnership aimed at developing high-skilled talent through Technical and Vocational Education and Training (TVET).

Speaking at the event, Datuk Sikh Shamsul highlighted the importance of such partnerships in ensuring Malaysia’s competitive edge in the global economy. “This collaboration exemplifies the synergy between MIDA and institutions of higher learning. By joining forces, we will cultivate a new generation of high-skilled professionals who are perfectly attuned to the evolving needs of Malaysia’s thriving industrial landscape We aim to create high-skill job opportunities and build a competitive workforce ready to drive economic transformation in line with the New Industrial Master Plan 2030 and the MADANI Economy Framework.”

Professor Dato’ Ts. Dr. Zaliman Sauli, Vice Chancellor of UniMAP, expressed “”At UNIMAP, we aim to create industry ready skilled graduates who can innovate and lead. Our collaboration with MIDA will enhance our programmes to meet the challenges of the modern E&E workforce.”

Professor Datuk Ts. Dr. Massila Binti Kamalrudin, Vice Chancellor of UTeM, commented “Collaborating with MIDA to align education with industry needs is a great way to ensure that graduates are equipped with the skills and knowledge necessary for careers in advanced manufacturing and computing technologies. This kind of partnership can significantly enhance job readiness and drive innovation in the field.”

Profesor Dato’ Ir. Ts. Dr. Ruzairi Abdul Rahim, Vice Chancellor UTHM, emphasised, “UTHM is committed to shaping future leaders in engineering and technology. Our collaboration with MIDA will empower our students with the essential skills to thrive in high-tech industries.”

Professor Dato’ Ts. Dr. Yusserie Zainuddin, Vice Chancellor UMPSA stated, “These partnerships highlight the importance of strong university-industry relations in fostering a dynamic and agile educational ecosystem. Today’s ceremony represents a major milestone in developing programmes that align directly with the skills required by sectors such as manufacturing, engineering and technology. MTUN serves as a crucial bridge between academia and industry, ensuring that our graduates are not only academically proficient but also technically skilled—qualities that are in high demand in today’s fast-paced industries.”

The MoU outlines several key focus areas, including aligning labour market supply with industry demand, developing human capital through TVET talent development programmes, and strengthening collaboration between academic institutions and industries. The partnership will also facilitate the transfer of knowledge from industry to academia, particularly in talent development.

As part of the event, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, was conferred the title of Adjunct Professor under the CEO@Faculty programme, recognising his leadership and contribution to bridging industry and academia. The event also featured several MoU exchanges between MTUN and key industry players, underscoring the collaboration’s broad impact.

– THE END –

About MIDA

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

For media enquiries, please contact:

MIDA

Ms. Azrina Binti Hashim
Director, Industry Talent Management and Expatriate
Email: [email protected]
Tel.: +603-2267 3454

MIDA Inks Partnership with Technical Public Universities, Driving Growth Of Malaysia’s High-Skilled Workforce

Pioneering Collaborations and Approved Green Projects Highlight MIDA’s Commitment to Boosting Green Investments in Malaysia

• Seven companies participated in the MoU exchange, including five involving Solarvest Group and its partners, with a total investment exceeding RM1.0 billion.

• MIDA announced four quality green projects from January to June 2024, totaling to an amount of RM1.8 billion, focused on Renewable Energy (RE) and Green Mobility.

• Chery Corporate Malaysia is investing RM1.4 billion to build a cutting-edge manufacturing plant and R&D centre for energy-efficient vehicles (EEVs).

• Asiabina Solar, NEDA Pekan, and Sand Town Solar are making significant investments in large-scale solar photovoltaic (LSSPV) plants in Perak and Pahang, supporting Malaysia’s renewable energy and carbon reduction goals.

Kuala Lumpur, 10 October 2024 – Malaysia’s drive towards a sustainable future took a significant step forward as the Malaysian Investment Development Authority (MIDA) successfully hosted a Memorandum of Understanding (MoU) exchange ceremony at the International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) 2024. This milestone event marked a major milestone in the country’s journey towards achieving its Green Investment Strategy (GIS) goals, which were launched by the government on 19 August this year.

A total of (7) seven companies participated in the MoU exchange, with (5) five exchange involving Solarvest Group and its partners. These MoU exchanges, with a cumulative investment value exceeding RM1.0 billion, are poised to make a significant impact on Malaysia’s green technology landscape. 

The MoU exchange ceremony was witnessed by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, and Ir. Ts. Shamsul Bahar Mohd Nor, Group Chief Executive Officer of the Malaysian Green Technology and Climate Change Corporation (MGTC).

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, remarked, “Since MIDA’s first participation in IGEM in 2010, we have successfully generated substantial business leads, making this event pivotal to Malaysia’s green investment landscape. We continue to be a strategic partner, as we work towards attracting more green investments into the country. Now in our 15th year, MIDA aims to generate RM2.5 billion in investment leads over the three (3) days. Every handshake here, every discussion, every agreement brings us one step closer to realising Malaysia’s net-zero vision.”

Solarvest Group Partners include Vista Contracting & Investment Global Pte. Ltd., a subsidiary of Samsung Group, Greenrock Energy Co. Ltd, Alliance Bank Malaysia Berhad, UKM Pakarunding Sdn. Bhd., and Chailease Holding Co. The collaboration aims to advance sustainable energy solutions in Malaysia, focusing on the development of solar photovoltaic projects including the Corporate Renewable Energy Supply Scheme (CRESS), the deployment and operation of Battery Energy Storage Systems (BESS), enhancing academic and research cooperation in renewable energy, and providing green financing for renewable energy project development. These strategic partnerships are set to significantly boost the growth of Malaysia’s renewable energy sector.   

Meanwhile, the remaining (2) two MoUs involve Green Quarter Sdn. Bhd. and its partners, Wezmart International Berhad and Crex Private Limited. These collaborations shall focus on enhancing sustainability initiatives and providing consultancy services related to ESG and carbon emissions reduction.  

Ir. Ts. Shamsul Bahar Mohd Nor, Group CEO of MGTC, further reiterated, “Through collaboration, stakeholders can leverage their respective strengths and resources to push the boundaries of green technology adoption in Malaysia. This partnership will help our country achieve its sustainability targets and position it as a frontrunner in the global green economy. With its role in promoting investment and industrial development, MIDA can facilitate the integration of green technologies into various sectors of Malaysia’s economy.”

The event also featured the announcement of four quality green projects approved by MIDA for the period from January to June 2024, totaling to an amount of RM1.8 billion. These projects, approved under the Renewable Energy (RE) and Green Mobility levers as identified in the Green Investment Strategy (GIS), underscores MIDA’s commitment in promoting sustainable development in Malaysia, and driving the nation’s ambitious goal of attracting RM300 billion in green investments by 2030, as outlined in GIS.     

The quality projects announced include:

• Chery Corporate Malaysia Sdn. Bhd.: Chery Malaysia is making a significant investment of RM1.4 billion to establish a cutting-edge manufacturing plant and R&D centre in Malaysia. This facility will focus on producing Energy Efficient Vehicles (EEVs), including a range of electric passenger vehicles, reinforcing the company’s commitment to sustainable mobility and innovation.

• Asiabina Solar Sdn. Bhd.: Asiabina Solar is investing RM200 million in the development of a Large Scale Solar Photovoltaic (LSSPV) plant located in Parit Buntar, Perak. The facility is expected to generate 50 MW of green energy. Additionally, the plant is expected to reduce carbon emissions by 100,000 tonnes annually, significantly supporting the nation’s environmental goals.

• NEDA Pekan Sdn. Bhd.: NEDA Pekan, a strategic joint venture between Gamuda Berhad and ERS Energy Sdn. Bhd., is investing RM121 million to develop and manage a Large Scale Solar Photovoltaic (LSSPV) plant in Pekan, Pahang. The plant is projected to reduce carbon emissions by 43,700 tonnes annually, further enhancing Malaysia’s environmental sustainability.

• Sand Town Solar Sdn. Bhd.: Sand Town Solar, a wholly-owned subsidiary of Gading Kencana Sdn. Bhd., is investing RM113 million in a Large Scale Solar Photovoltaic (LSSPV) plant located in Bidor, Perak. This state-of-the-art facility will generate 29.99 MW of green energy under the NEDA framework, underscoring the company’s commitment to a greener future. This plant is expected to reduce carbon emissions by 25,900 tonnes annually.    

This year’s IGEM also featured MIDA moderating the 2^nd Annual National Conference on Energy Efficiency, as well as presenting at the Innovation Stage, focusing on the incentives that are currently offered by MIDA. Additionally, networking and B2B consultation sessions were also held with Canadian companies, an initiative led by the High Commission of Canada in Malaysia. 

Recognising the growing importance of green initiatives across all sectors, the Green Incentives have been extended until 2026, as outlined in Budget 2024. This extension includes enhancements based on a tiered and outcome-based approach. Under the enhanced incentives, the qualifying activities for the Green Incentives have been expanded to include emerging green technologies such as green hydrogen, EV charging stations, and wind energy. These initiatives demonstrate the government’s proactive approach in driving the adoption of cutting-edge green technologies, paving the way for a more sustainable and environmentally responsible future for Malaysia.     

-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.   

For media enquiries, please contact:

MIDA

Mr. Nelson Samuel 
Director, Green Technology Division, MIDA
T: +603-2267 3635
E: [email protected]

MIDA Drives Green Investments Momentum with Strategic MOU Exchange and Announcement of Quality Green Projects at IGEM 2024

2 October 2024, Pulau Pinang – The Malaysian Investment Development Authority (MIDA) and the Association of Malaysian Medical Industries (AMMI) today unveiled the AMMI’s Medical Device Industry Status and Outlook 2024/2025 Report: Malaysia, A Medtech Success Story at the Malaysia Medtech Industry Summit 2024 in Penang.  This report underscores Malaysia’s position as the leading medtech hub in Southeast Asia, boasting the highest concentration of multinational medtech companies in the region.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), highlighted, “Malaysia’s medtech industry has witnessed impressive growth, and this report affirms our position as a key player in the global medtech landscape. As we look to the future, it’s clear that our professionals are not only masters of their technical craft, but also driven by a commitment to quality and compliance with global standards. This potent combination of talent and government support, as seen in initiatives such as the prioritisation of the medical device sector in the Twelfth Malaysia Plan and the New Industrial Master Plan (NIMP) 2030, has propelled Malaysia to the forefront of medtech innovation. MIDA is dedicated to supporting the sector’s continued expansion through strategic partnerships and proactive measures, and we’re excited to see what the future holds for this dynamic industry.”

AMMI Chairman, Mr. Andy Lee, expressed “Malaysia boasts the largest medical device market in Southeast Asia, with its market size reaching RM10.6 billion in 2023, and ranked among the top ten markets in Asia. Malaysia’s vibrant medical device ecosystem has been instrumental in attracting numerous investments to the country. It extends far beyond traditional manufacturing, offering robust capabilities in sterilisation, biocompatibility testing, packaging and conformity assessment. Malaysia hosts the largest sterilisation capacity in Southeast Asia, providing the most comprehensive range of sterilisation technologies in the region. These include Ethylene Oxide (EtO), Gamma, and Electron beam (E-beam) sterilisation. Furthermore, Malaysia stands as the first country in Southeast Asia to establish an X-ray sterilisation facility. Driven by its sophisticated infrastructure, adherence to international standards, and strong government support, Malaysia is well-positioned to remain competitive on the global stage.”

Demonstrating their confidence in Malaysia’s viability as a MedTech hub, AMMI members have steadily increased their investments. AMMI survey respondents plan to invest a collective amount of RM2.7 billion in expansion, RM927 million in new products and RM162 million in new research and development (R&D)/centre of excellence (COE) and Industry 4.0.

The report also highlights the significant contribution of AMMI to the local economy. Collectively, they sourced RM4.1 billion of raw materials and RM2.5 billion of services from local suppliers and small and medium-sized enterprises (SMEs). Additionally, contracts worth RM1.4 billion were outsourced to local suppliers, with 95% directed toward finished products.

Reflecting Malaysia’s long-term growth, MIDA will continue to collaborate with reputable associations like AMMI to ensure the nation remains attractive to investors. MIDA is committed to rolling out game-changing measures and attracting high-quality investments that generate high-income jobs, increase export value and strengthen Malaysia’s domestic supply chain ecosystem.

– THE END –

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

About Association of Malaysian Medical Industries (AMMI)
Persatuan Industri Perubatan Malaysia
马来西亚医疗器械行业协会

Since its establishment in 1989, the Association of Malaysian Medical Industries (AMMI) has been recognised as the voice of Malaysia’s medical device industry. AMMI’s vision is to make Malaysia the preferred global manufacturing and services location for medical technology. AMMI is represented by 91 members of reputable multi-national and local companies involved in developing and manufacturing medical device products, equipment, and services in Malaysia for the healthcare industry. Collectively, AMMI’s members account for more than half of the medical device export contributions, creating over 54,000 jobs.

Sejak penubuhan pada tahun 1989, Persatuan Industri Perubatan Malaysia (AMMI) telah diiktiraf sebagai suara industri peranti perubatan Malaysia. Visi persatuan adalah membina Malaysia sebagai salah satu pusat pembuatan dan perkhidmatan sedunia bagi industri teknologi perubatan.

AMMI mewakili 91 ahli syarikat bertaraf dunia termasuk multi-nasional dan syarikat tempatan dalam aktiviti pembangunan dan pembuatan peranti perubatan di Malaysia untuk dibekalkan kepada industry kesihatan sedunia. Eksport keseluruhan ahli AMMI mewakili lebih 50% eksport peranti perubatan di Malaysia dan menggaji lebih daripada 54,000 pekerja.

马来西亚医疗器械行业协会创会于1989年，是马来西亚医疗器械行业业者的代表。协会的目标是促进马来西亚成为全球医疗科技的制造与服务基地。
马来西亚医疗器械行业协会有91名会员公司，代表国际和本地的医疗器械厂商。会员公司的医疗器械总出口量超过马来西亚医疗器械一半的总出口量。马来西亚医疗器械行业协会的会员公司也为业界提供了超过五万四千个工作机会。

For more information, please contact:

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

AMMI:
Mr. CS Ching 庄骏雄
Executive Director
Tel: +6012 – 4766 558
Email : [email protected]

Malaysia’s Medtech Sector Poised for High-Value Growth

Kuala Lumpur, October 23, 2023 – The Malaysian Investment Development Authority (MIDA) held its distinguished “MIDA Invest Series – Perak: Unfolding Its Business Potentials” at Perdana Hall, MIDA Sentral in Kuala Lumpur. In a collaboration with the Perak State Government, facilitated through its investment promotion body, InvestPerak, this event drew an audience of over 250 participants.  It stands as a pivotal initiative for the Government’s ongoing efforts to spotlight compelling investment opportunities within Perak.

The event commenced with a welcoming address by Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA, followed by a keynote address by YAB Dato’ Seri Saarani Mohamad, Menteri Besar Perak. Also present at the event were YB Loh Sze Yee, State Executive Council Member of Perak Tourism, Industry, Investment and Corridor Development; YB Sivanesan Achalingam, EXCO Human Resources, Health, National Unity and Indian Community Affair; Ms. Haliza Sipun, Director of Unit Perancang Ekonomi Negeri (UPEN) Perak; Datuk Redza Rafiq Abdul Razak, CEO of Perbadanan Kemajuan Negeri Perak (PKNP); Mr. Yahanis Bin Yahya, CEO of Perbadanan Pembangunan Pertanian Negeri Perak (Perak SADC); Mr. Kwan Joon Hoe, Group Chief Operating Officer of Malaysian Resources Corporation Berhad (MRCB) and Mr. Mohd Khalid Bin Yusof, Senior Director of Automotive High-Tech Valley (AHTV).

During the keynote address delivered by YAB Dato’ Seri Saarani Mohamad, the Menteri Besar Perak said, “The Automotive High-Tech Valley (AHTV) in Tanjung Malim is a major initiative expected to revitalise the Malaysian automotive industry. The project is expected to attract RM32 billion in investments over the next 10 years, creating thousands of job opportunities and position Malaysia to become a regional leader in the production of next-generation vehicles. The establishment of a new High-tech Industrial Hub in Kerian, announced by the Prime Minister, YAB Dato’ Seri Anwar Ibrahim in the recent Belanjawan 2024, is foreseen to greatly support high technology and capital incentive projects which will directly nurture Perak and further spur the conducive business environment for investors, targeting especially the niche sectors.”

While Datuk Wira Arham Abdul Rahman, CEO of MIDA in his opening speech, highlighted, “Perak is a region brimming with potential, boasting manufacturing, agriculture, and tourism sectors. Hubs like the Automotive High-Tech Valley (AHTV) and Lumut Maritime Industrial City (LuMIC) are driving investments and job creation, reflecting our commitment to progress.”

“In the first half of 2023, Malaysia achieved a remarkable RM132.6 billion in approved investments across the manufacturing, services and primary sectors. It is worth noting, as at 30 June 2023 this state has garnered over RM22.3 billion in realised investments from a total of 283 manufacturing projects, creating more than 22,000 jobs. For instance, esteemed companies such as Toyo Tire Malaysia, Coherent Malaysia, Murata Electronics, and Hume Cement, are among many who have made their marks in Perak,” Datuk Wira Arham added.

“The region is abundantly blessed with natural resources, and both local and federal agencies are offering enticing incentives, making it highly attractive for potential investors. Moreover, Perak boasts robust infrastructure, excellent connectivity, and a competitive cost of doing business when compared to neighbouring states. The untapped potential here is immense, presenting a promising prospect for businesses to thrive and prosper,” said YB Loh Sze Yee, Perak State Executive Council Member of Tourism, Industry, Investment and Corridor Development.

Perak’s State Government strategically prioritises key sectors like manufacturing, tourism, food security, and minerals beneficiation for sustainable growth. The focus on maximising the E&E supply chain in northern Perak, capitalising on the automotive sector and developing maritime industries in Lumut highlights the region’s dynamic potential. Additionally, Perak’s renowned eco-tourism offerings, including Royal Belum’s lush forests and the tranquil Pulau Pangkor, present enticing investment prospects. The State’s commitment to establishing a Halal Industrial Park in Lekir reflects its proactive stance in addressing food security challenges and ensuring a robust supply of Halal-certified products, bolstering regional food security amidst global complexities.

The ‘Invest Series – Perak: Unfolding Its Business Potentials’ programme was a significant success, offering in-depth insights into the available opportunities and outlining the support and facilitation provided to companies and prospective investors. Ultimately, this initiative is geared towards fostering quality employment opportunities for the local population, thus contributing to the state’s overall economic growth and prosperity. With its strategic location, thriving manufacturing sector, diverse economic clusters, and rich natural resources, Perak remains one of the promising investment destinations in the country.  MIDA is dedicated to supporting and facilitating investments in the state.

*****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 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 InvestPerak

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

FOR MORE INFORMATION, PLEASE CONTACT:

MIDA

En. Sukri Abu Bakar

Director, Domestic Investment Division

Tel:  +603-22673685

Email: [email protected]

InvestPerak

En. Mohamad Hashim bin Abdul Ghani

Chief Executive, Invest Perak    

Tel.: +605-529 2447

Email: [email protected]

Perak’s Business Potentials and Investment Opportunities, Shines In MIDA Invest Series