KUALA LUMPUR, 14 September 2026 – The Malaysian Investment Development Authority (MIDA) today brought together government, industry and investment stakeholders at Data Centre Nexus (DCN) 2026 to advance Malaysia’s digital infrastructure ecosystem and explore opportunities arising from the rapid growth of artificial intelligence (AI), cloud computing and data centres.

Held for the second consecutive year under the theme “Advancing AI-Driven Digital Infrastructure and Sustainable Ecosystems,” this event convenes data centre operators, technology companies, government agencies, financial institutions and Malaysian supply chain companies to discuss the next phase of Malaysia’s evolving data centre ecosystem.

The event featured a keynote address by YB Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry (MITI), with Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Chairman of MIDA, delivering the luncheon remarks and Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, delivering the welcoming remarks.

From Investment to Economic Value

In his keynote address, YB Tuan Sim Tze Tzin highlighted the need for Malaysia’s digital infrastructure growth to translate into broader economic outcomes, particularly in AI adoption, home-grown innovation, skilled talent and higher-value jobs.

“As the scale and pace of investment increase, our priorities must evolve with the industry. The next phase is about what that capacity delivers — AI adoption, home-grown innovation, skilled talent and higher-value jobs. We want Malaysia recognised as a competitive, resilient and sustainable digital hub, where infrastructure, technology, talent and innovation converge to create high-value economic activity. The next phase must carry us from building capacity to building capability, from attracting investment to creating value, and from single projects to a whole ecosystem. Ultimately, our success will be measured not by the investment or capacity we attract, but by the capabilities we build, the businesses we strengthen and the opportunities we create for Malaysians.”

Malaysia has recorded RM385.7 billion in data-centre-related investments from 2021 to the first half of 2026, reflecting strong investor confidence in the country’s digital infrastructure capabilities. Major global operators and investors, including AWS, Microsoft, Google, Bridge Data Centres, DayOne, AirTrunk and Vantage Data Centres, have established or expanded their presence in Malaysia, particularly in Greater Kuala Lumpur and Johor.

For Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, the opportunity extends beyond the physical development of data centres to the wider economic spillover that can be built around them.

“Data centres are a critical driver of our digital and compute economy, but their true measure of success lies well beyond the data halls themselves. Attracting investment was only ever the first step.  Our responsibility now is to build an industry that is sustainable, inclusive and enduring. Ultimately, we will not measure our success by the scale of investment we attract, but by the value we build around it – stronger Malaysian businesses, deeper local capabilities, and lasting opportunities for our people.”

The wider ecosystem spans engineering, construction, electrical systems, cooling, telecommunications, cybersecurity and logistics, creating opportunities for Malaysian companies to strengthen capabilities and participate in the ecosystem.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised that MIDA’s focus is increasingly centred on building an ecosystem that can capture greater value from the sector’s growth.

“This year, we are not only asking how we grow the industry, but how we create lasting value for Malaysia. AI is advancing at remarkable pace, and it rests on a foundation of computing power and digital infrastructure — yet that growth must be matched by responsibility, in how carefully we manage our energy, water and land, and in the capabilities, we build here at home. In the end, our goal is simple: we do not just want more data centres in Malaysia. We want an ecosystem that is competitive, innovative and sustainable.”

A Programme Built on Four Strategic Priorities

Building on the discussions from DCN 2025, this year’s programme focused on four strategic pillars shaping Malaysia’s next phase of digital infrastructure development:

1. AI-Driven Digital Infrastructure – strengthening compute capacity, connectivity and financing to support the growing demand for AI and digital services.
2. Sustainable and Resource-Efficient Infrastructure – advancing energy efficiency, renewable energy adoption, water stewardship and responsible data centre operations.
3. Local Ecosystem and Industrial Spillovers – strengthening domestic supply chains, creating skilled jobs and enabling Malaysian companies to build capabilities across the digital infrastructure value chain.
4. Digital Technology Accessibility – expanding cloud and digital technology across businesses and communities to support wider participation in the digital economy.

The programme featured industry discussions including “Building Malaysia’s Compute & Connectivity Future,” with representatives from Google, Bridge Data Centres, YTL AI Labs, Indah Water Konsortium and Tenaga Nasional Berhad.

The session “Developing Malaysia’s Data Centre Supply Chain & Industrial Ecosystem” brought together Cipta Industrial, Powerwell Holdings Berhad and Delta Electronics Solutions to discuss opportunities for Malaysian manufacturers to strengthen their capabilities in supporting the ecosystem.

Sustainability was explored through “Green Solutions for Sustainable Data Centre Operations,” featuring Princeton Digital Group, Digital Realty, Gading Kencana and Northern Solar Holdings Berhad, while “Financing Malaysia’s Digital Infrastructure Future” examined financing solutions with Citi and AmBank Group.

Afternoon sessions continued discussions on compute and connectivity, domestic supply chains, green energy and resource efficiency, and cloud and digital technology adoption, before concluding with the Executive Spotlight Series on the evolving cloud and compute landscape.

Connecting Global Players with Malaysian Businesses

A dedicated Business Matching session provided a platform for data centre companies and Malaysian businesses to explore potential partnerships and supply chain opportunities.

Following the inaugural DCN in 2025, which connected 8 data centre companies, and 17 supply chain companies, the 2026 session further strengthened linkages between global players and Malaysian businesses, with 14 data centre companies and 51 local vendors participating.

The key ecosystem companies participating included critical equipment manufacturers such as Panasonic, Delta Electronics, Dunham-Bush, Powerwell International, Cipta Industrial as well as service providers across the data centre value chain, including Gading Kencana, Ancom Energy, Northern Solar and Ditrolic Energy.

Building a Sustainable Digital Infrastructure Ecosystem

With data centre electricity demand projected to exceed 5,000 MW by 2035, sustainability remains central to the sector’s development. The Government has strengthened sustainability requirements through Power Usage Effectiveness (PUE) and Water Usage Effectiveness (WUE) metrics, alongside renewable energy initiatives including the Corporate Green Power Programme (CGPP), Large Scale Solar (LSS) and Corporate Renewable Energy Supply Scheme (CRESS).

The Data Centre Task Force (DCTF), co-chaired by MITI and the Ministry of Digital, provides a coordinated mechanism to govern and facilitate data centre investments, with MIDA serving as the single focal point for new and expansion applications.

As the nation’s principal investment promotion and development agency, MIDA facilitates investments throughout the investment journey and, through #InvestLokal initiative, strengthens linkages between global investors and Malaysian businesses to expand local participation and build stronger domestic capabilities.

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About MIDA

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

Ms. Noorzita Mohamad Nor
Director, Business Services and Regional Operations Division, MIDA
Email: [email protected]
Tel: 603-2263 2438

MIDA Charts Next Phase for Malaysia’s Data Centre Sector: From Attracting Investment to Building Value for SMEs and Malaysians

New Shah Alam facility strengthens Malaysia’s chocolate-manufacturing capability, builds local technical expertise and supports future regional supply.

SHAH ALAM, 11 September 2026– Mondelēz International Mondelēz International today officially launched its completed RM 90 million Crumb Tower at the Cadbury Confectionery plant in Shah Alam. The company’s single largest investment at the site reinforces its long-term confidence in Selangor and Malaysia as a strategic base for advanced chocolate manufacturing.

The investment builds on more than 50 years of Mondelēz’s manufacturing presence in Selangor, where Cadbury products have been made since 1974. It strengthens the Shah Alam plant’s chocolate manufacturing capabilities through greater automation, advanced process technology and enhanced operational efficiency supporting Malaysia’s competitiveness in high-value food manufacturing.

Central to the investment is the production of chocolate crumb, a key building block in the chocolate-making process. Previously imported from markets including South Africa and Australia, crumb can now be produced locally in Shah Alam. This strengthens the site’s self-sufficiency, builds supply-chain resilience and creates capacity to support markets beyond Southeast Asia.

The Crumb Tower integrates three advanced manufacturing systems: a fully enclosed high-capacity powder handling system, a new-generation T-reactor, the first of its design in Malaysia and an advanced fat handling system engineered to rigorous process-safety standards. Together, they enable a highly automated and digitally controlled production process. The facility was designed to meet international quality and food-safety standards, with Halal requirements integrated at every stage of production.

The Crumb Tower was officially launched by YAB Dato’ Seri Amirudin bin Shari, Dato’ Menteri Besar Selangor, who recognised the investment as a reflection of Selangor’s continued ability to attract and retain high-value manufacturing activities.

“Mondelēz’s continued investment in Shah Alam reflects the confidence global companies place in Selangor’s industrial ecosystem and talent. Investments in advanced technology and local capabilities are important to strengthening Selangor’s position as a competitive destination for high-value manufacturing.”

Echoing the significance of the investment to Malaysia’s broader manufacturing landscape, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), who was also present at the launch, said, “MIDA is pleased to have supported Mondelēz International in the development of its Crumb Tower at the Cadbury manufacturing facility in Shah Alam  This investment reflects the company’s continued confidence in Malaysia as a strategic manufacturing base, while demonstrating the value that quality investment can bring through advanced technology, local talent development, stronger domestic supply chains, and future export opportunities.

“Importantly, the localisation of chocolate crumb production strengthens Malaysia’s manufacturing capabilities and supply chain resilience. Food manufacturing remains one of our most resilient and fastest-growing sub-sectors — securing RM4.9 billion in approved investments in the first half of 2026,

a 40.9 per cent increase year-on-year. We welcome Mondelēz International’s continued commitment to Malaysia and its contribution towards strengthening our position as a competitive regional hub for high-value and halal food manufacturing.”

Simon Crowther, Managing Director of Mondelēz International Malaysia and Singapore, said the investment reflects the company’s confidence in Malaysia and the capabilities built at its Shah Alam operations over the past five decades. “The Crumb Tower reflects our continued commitment to investing in Malaysia and strengthening our manufacturing capabilities through advanced technology and local expertise. By producing crumb locally, we are building greater self-sufficiency while positioning Shah Alam to play a larger role within our regional manufacturing network.”

The Crumb Tower is a significant milestone for our Southeast Asia manufacturing and supply chain network. By bringing chocolate crumb production in-house at Shah Alam, we are not only strengthening supply-chain resilience and leveraging domestic production but also building world-class technical capabilities locally. The advanced systems we’ve integrated here — from the new-generation T-reactor to the automated powder and fat handling systems – set a benchmark for operational excellence. This positions the Shah Alam plant as a true reference site within our global manufacturing network and underscores our confidence in Malaysian talent and expertise.” Nitin Binnani, SEA MSC Director, Mondelez International added.

Beyond production capacity, the investment is designed to strengthen local technical capabilities. Increased automation reduces the need for manual powder and fat handling while expanding the use of process control, data analysis and sophisticated equipment maintenance. Malaysian engineers and operators have been trained to manage the new systems, developing specialised manufacturing expertise locally.

The project has also supported the development of Malaysian suppliers. Local suppliers involved in the technology are now qualified to support other Mondelēz sites globally, extending the impact of the investment beyond the plant and building capability across the local manufacturing ecosystem.

The launch of the Crumb Tower further strengthens the long-standing relationship between Mondelēz International and Selangor. Since establishing manufacturing operations in Shah Alam in 1974, the company has continued to invest in the site to serve Malaysian consumers as well as export markets.

With this latest investment, the Shah Alam facility is positioned as a reference plant for chocolate crumb operations within Mondelēz’s global manufacturing network demonstrating how advanced technology, Malaysian expertise and long-term investment can strengthen Malaysia’s role in regional and global manufacturing.

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About Mondelēz International (Malaysia)

Mondelēz International (Malaysia) is part of the Mondelēz International group of companies which empowers people to snack right in over 150 countries around the world, with a strong presence in Southeast Asia. With 2024 net revenues of approximately $36.4 billion, Mondelēz International is a member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index.

Mondelēz International is leading the future of snacking with iconic global and local brands such as Cadbury Dairy Milk chocolate, Cadbury Zip chocolate wafer, Cadbury 5 Star chocolate, Toblerone

chocolate, OREO cookies, Chipsmore cookies, Jacob’s biscuits, Tiger biscuits, Philadelphia cheese, Kraft cheese, Chacho’s chips, Chipster chips, Twisties snacks and many more. We’ve been part of Southeast Asia for more than 70 years, with operations in Malaysia, Indonesia, the Philippines, Singapore, Thailand and Vietnam. Our +7,000 colleagues work across our ten manufacturing locations (including plants in Shah Alam and Prai), two research and development technical centers and our sales and marketing network to create products that people can truly love and feel good about. From wholesome treats to indulgent bites, consumers can enjoy the right snack, for the right moment, made the right way.

Visit mondelezinternational.com and follow us on social media: facebook.com/mondelezinternational, instagram.com/mondelēz_international, linkedin.com/company/mondelezinternational and twitter.com/MDLZ

For media enquiry, please contact:

Mondelēz International (Malaysia)
Beatrice Wang
[email protected]

PR Agency: Archetype Agency Malaysia
Aisyah Adlina
[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 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.

For media enquiries, please contact:

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

Mondelēz International Unveils MYR 90 Million Investment in Crumb Tower, Deepening Commitment to Selangor and Malaysia

Bidor, Perak, 22 September 2025 – Lembaga Pembangunan Pelaburan Malaysia (MIDA) terus menyahut aspirasi YAB Perdana Menteri menerusi pelaksanaan Program Tanggungjawab Sosial Korporat (CSR) Santuni MADANI bersama komuniti Kampung Cegar, Bidor, Perak. Program yang berlangsung selama dua hari ini dianjurkan oleh MIDA menerusi gabungan usahasama Kelab MIDA, Koperasi MIDA (KOMIDA) dan Kelab Golf MIDA serta penglibatan aktif warga MIDA serta Jawankuasa Penduduk Kampung Cegar.

Penganjuran program ini juga adalah sebahagian daripada inisiatif Satu Pemimpin, Satu Kampung (Santuni Madani), yang bertujuan memberikan ruang kepada pengurusan dan kakitangan MIDA untuk menyantuni warga Kampung Cegar dengan menghulurkan bantuan, meningkatkan empati, pemahaman dan cakna akan cabaran sebenar yang dihadapi oleh komuniti setempat.

Menurut Ketua Pegawai Eksekutif MIDA, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, “MIDA bukan sahaja berperanan menarik pelaburan berkualiti ke Malaysia, malah turut memikul tanggungjawab memperkasa kesejahteraan sosial dan ekonomi masyarakat. Program CSR seperti di Kampung Cegar ini mencerminkan tekad kami untuk mendekati komuniti akar umbi, menyantuni keperluan rakyat, serta memastikan manfaat pembangunan negara dapat dirasai oleh semua lapisan masyarakat.”

Sepanjang penganjuran program ini, lebih 400 komuniti Kampung Cegar menyertai pelbagai aktiviti kemasyarakatan telah dilaksanakan MIDA, termasuk jamuan santai Rasa-Rasa Kampung Kita, aktiviti permeriksaan kesihatan, gotong-royong pembersihan kawasan sekitar kampung, taklimat keusahawanan, tayangan wayang pacak, perlawanan persahabatan bola sepak dan bola jaring serta sukaneka rakyat. Inisiatif ini bukan sahaja mengeratkan jalinanan ukhuwah di antara warga MIDA dan penduduk Kampung Cegar, malah membuka ruang perkongsian ilmu untuk pembangunan ekonomi setempat.

MIDA terus memainkan peranan utama dalam memacu pembangunan pelaburan di negeri Perak, sekaligus memperkukuh kedudukan negeri ini sebagai destinasi pelaburan strategik untuk menarik lebih banyak pelaburan asing dan domestik. Di antara syarikat-syarikat tempatan yang menjalankan operasi pengilangan di sekitar Bidor adalah seperti Finnese Moulding (Perabot dan Lekapan), Hok Lai Timber (Produk Kayu) dan Bidor Kwong Heng (Pemprosesan Makanan) dengan jumlah pelaburan lebih RM55 juta dan menawarkan hampir 500 peluang pekerjaan. Selain itu juga, syarikat tempatan Gading Kencana Sdn. Bhd. telah memilih Bidor sebagai lokasi untuk ladang solar 30MW untuk menyumbang tenaga lestari kepada grid nasional. Manakala syarikat-syarikat multinasional seperti BYD (China), Murata Electronics (Jepun), Toyo Tyre (Jepun) dan Coherent (Amerika Syarikat) juga telah memilih negeri Perak sebagai pengkalan operasi pengilangan mereka.

Program CSR Santuni MADANI ini menegaskan komitmen MIDA bukan sahaja untuk menarik pelaburan bernilai tinggi, tetapi juga merakyatkan pelaburan dengan membina ekosistem masyarakat yang inklusif, mampan, dan berdaya tahan, seiring aspirasi Ekonomi MADANI dan hala tuju pembangunan negara.

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Mengenai MIDA

MIDA adalah agensi promosi dan pembangunan pelaburan utama Kerajaan di bawah Kementerian Pelaburan, Perdagangan dan Industri (MITI) untuk menyelaras dan menggalakkan pelaburan ke dalam sektor perkilangan dan perkhidmatan di Malaysia. Beribu pejabat di Kuala Lumpur Sentral, MIDA mempunyai 12 pejabat wilayah dan 21 pejabat luar negara. MIDA terus menjadi rakan strategik bagi perniagaan dalam merebut peluang yang timbul dari revolusi teknologi pada era masa kini. Untuk maklumat lebih lanjut, sila layari www.mida.gov.my dan ikuti kami di saluran X, Instagram, Facebook, LinkedIn, TikTok dan YouTube.

Untuk pertanyaan media, sila hubungi:

MIDA
Puan Fatmah Ahmad
Pengarah, Bahagian Komunikasi Korporat, MIDA
Emel: [email protected]
Tel: +603-2267 2428

MIDA Jalin Kesejahteraan Bersama Komuniti Kampung Cegar, Bidor, Menerusi Program CSR Santuni Madani

Kuching, Sarawak, Malaysia, 12 September 2025 – X-FAB, the global leader in analog/mixed-signal and specialty semiconductor manufacturing, today unveiled a RM3-billion expansion of its semiconductor manufacturing facility in Sarawak.

The state-of-the-art expansion increases X-FAB Sarawak’s wafer production capacity from 30,000 to 40,000 units per month. This significant boost strengthens Malaysia’s position as a crucial hub in the global semiconductor supply chain. The additional facility specialises in producing advanced chips for automotive, medical, and industrial applications.

The Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim and the Sarawak Premier, YAB Datuk Patinggi Tan Sri Abang Johari Tun Openg jointly inaugurated the facility, marking a pivotal moment in Malaysia’s endeavour to advance upwards in the global technological value chain, as targeted by the New Industrial Master Plan (NIMP) 2030.

YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry (MITI), said, “X-FAB’s investment is an important step in Malaysia’s journey to strengthen our position in the global semiconductor industry. It reflects foreign investors’ continued confidence in our long-term industrial reform direction, and supports the kind of partnerships we want to build. Both MITI and MIDA are focused on attracting quality investments that create jobs and build key tech skills for Malaysians, to further drive innovation in our industries. This expansion also brings us closer to our goal of becoming a leading hub for advanced manufacturing – in line with the New Industrial Master Plan 2030 (NIMP 2030), the 13th Malaysia Plan, and the National Semiconductor Strategy (NSS) – to achieve Malaysia’s goal of becoming a high-value, high-income industrialised nation.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), emphasised, “While this expansion is a strategic win for our semiconductor industry, its true impact will be felt on the ground. This investment is a catalyst for socio-economic upliftment in Sarawak, creating a ripple effect that benefits local communities. We’re not just attracting high-value jobs; we’re cultivating a new generation of skilled talent and empowering local businesses in the supply chain. This is the very essence of our national strategy: ensuring every investment serves as a launchpad for inclusive growth and shared prosperity for all Malaysians.”

“We make chips that save lives, such as those used in ultrasound applications, and that power the future, like our power semiconductor solutions for electric vehicles and charging infrastructure,” said Rudi De Winter, CEO of X-FAB Group. “This expansion not only increases X-FAB Sarawak’s overall monthly capacity by 10,000 wafers but also more than doubles the site’s capacity for our popular 180nm BCD-on-SOI technology, which is essential for these types of applications. I am grateful for the continued support from MIDA and the Sarawak government enabling us to achieve this major milestone for the future success of the entire X-FAB Group.”

The new manufacturing line is now operational and will serve global customers across automotive, industrial, and medical sectors, which also strengthens Malaysia’s value proposition in these manufacturing sectors.

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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 X-FAB

X-FAB is a global foundry group providing a comprehensive set of specialty technologies and design IP to enable its customers to develop world-leading semiconductor products that are manufactured at X-FAB’s six wafer fabs located in Malaysia, Germany, France, and the United States. With its expertise in analog/mixed-signal technologies, microsystems/MEMS, Photonics, silicon carbide (SiC) and gallium nitride (GaN), X-FAB is the development and manufacturing partner for its customers, primarily serving the automotive, industrial and medical end markets. X-FAB has approximately 4,500 employees and has been listed on Euronext Paris since April 2017 (XFAB). For more information, please visit www.xfab.com.

For More Information, Please Contact:

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

X-FAB
Anja Noack
MarCom Manager
X-FAB Silicon Foundries
Tel: +49-361-427-6162
Email: [email protected]

X-FAB’s RM3-Billion State-Of-The-Art Expansion In Sarawak Strengthens Malaysia’s Position As Global Semiconductor Hub

Sakura Ferroalloys Celebrates 10 Years of Operations with the Opening of New Sinter Plant and the Groundbreaking for Refined Ferromanganese Converter

Bintulu, Sarawak, 12 September 2025 – Sakura Ferroalloys today hosted a ceremonial event to mark three major milestones: the official opening of its newly constructed Sinter Plant and the groundbreaking for its Refined Ferromanganese Converter. The occasion also marked a pivotal moment with the official announcement of its fourth shareholder, JFE Minerals.

Located in the Samalaju Industrial Park, Sarawak, Malaysia, Sakura Ferroalloys is jointly owned by Assore, Sumitomo Corporation, China Steel Corporation, and JFE Mineral & Alloy Company, Ltd. The company has been in operation for a decade and takes pride in delivering high-quality products, maintaining an excellent safety record of over 4 million man-hours without lost-time injuries, and contributing meaningfully to the people and economy of Sarawak and Malaysia.

Official Opening of the Sinter Plant

The Sinter Plant will enhance Sakura Ferroalloys’ ability to optimise raw material usage, improve furnace performance, and increase overall metallurgical efficiency. It ensures consistent feed preparation for smelting, contributing to more stable production performance.

The project with investments of US$31 million (RM141 million) was completed following a 22-month construction phase. Its successful commissioning reflects the company’s continued commitment to investing in safe, efficient, and competitive alloy production infrastructure.

Groundbreaking for Refined Ferromanganese Converter – Project Salamander

Known internally as Project Salamander, the new converter represents a cornerstone of Sakura Ferroalloys’ product diversification strategy. It will enable the company to expand its portfolio to include both medium and low-carbon ferromanganese, strengthening its ability to serve evolving customer demand in specialised alloy markets worldwide.

The project with investments of US$82.5 million (RM346.5 million) is scheduled for 21 months of construction, with hot commissioning targeted for April 2027 and full production ramp-up by mid-2027. Once complete, the facility will have an annual capacity of 70,000 tons of refined ferromanganese.

Institutional Support

The project has received strong support from government and industry agencies:

• The Malaysian Investment Development Authority (MIDA) has facilitated approvals from the Ministry of Investment, Trade and Industry (MITI), ensuring smooth progression of the project.
• The Ministry of International Trade, Industry and Investment Sarawak (MINTRED) has endorsed the initiative, acknowledging its strategic significance in shaping Sarawak’s evolving industrial landscape and long-term economic strategy.

“These milestones achieved by Sakura Ferroalloys are one of the examples of why Malaysia continues to attract strategic, high-value investments,” said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA. “Sakura Ferroalloys’ diversification into medium and low-carbon ferromanganese supports the goals of our New Industrial Master Plan 2030, particularly around greener and more sustainable manufacturing. The new sinter plant will also enhance efficiency and strengthen production stability. MIDA will continue to support projects that drive innovation, sustainability, and long-term resilience.”

MINTRED is pleased to support this initiative, recognising its pivotal role in accelerating Sarawak’s industrial transformation and securing long-term economic resilience. This strategic move positions Sarawak at the forefront of innovation, investment, and sustainable growth, reinforcing our commitment to building a future-ready economy that benefits all Sarawakians,” said YB Datuk Dr. Malcolm Mussen Lamoh, Deputy Minister of MINTRED.

Welcoming JFE Minerals as Fourth Shareholder

The decision to proceed with refined ferromanganese production was made possible through the entry of a new shareholder. In July 2025, JFE Mineral & Alloy Company, Ltd. acquired a 7.5% stake in Sakura Ferroalloys. JFE’s refining technology further strengthen Sakura’s consortium and operational excellence.

“JFE Minerals brings deep industry knowledge and international reach. Their participation reflects strong confidence in Malaysia’s industrial potential,” said Mr. Tiaan van Aswegen, the Chairman of Sakura Board of Directors.

These milestones demonstrate Sakura Ferroalloys’ unwavering commitment to innovation, sustainability, and partnership. Together with MIDA, MINTRED and our shareholders, Sakura aims to remain the Company of Choice for stakeholders, clients, and employees.

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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 Sakura Ferroalloys Sdn Bhd

Sakura Ferroalloys Sdn Bhd is a joint venture between global and diversified mining leader Assore through its international subsidiary Assore International Holdings, trading powerhouse Sumitomo Corporation (Japan), manufacturing giant China Steel Corporation (Taiwan) and JFE Minerals (Japan) recently joined as the fourth shareholder.

Sakura was established to produce high carbon ferro-manganese (HCFeMn) and silico manganese (SiMn) at its strategically located smelting plant in Samalaju Industrial Park, Bintulu, Sarawak, Malaysia. Envisioned to be a world leading producer of diversified manganese-based products, Sakura is actively expanding its portfolio to include refined ferromanganese in the near future, reinforcing its commitment to innovation and global market responsiveness. For more information, please visit www.sakuraferroalloys.com.my and follow us on Facebook.

For More Information, Please Contact:

MIDA
Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division
No.: +603-2267 6769
Email: [email protected]

Sakura Ferroalloys Sdn Bhd
Ms. Chelsea Kennedy
Human Resources Manager
No.: +6086-298 800
Email: [email protected]

Sakura Ferroalloys Breaks Ground For Refined Ferromanganese Production

Kuala Lumpur, 8 September 2025 – The Malaysian Investment Development Authority (MIDA) brought together more than 180 senior investors and decision makers at its Investment Pitching Day 2025 on 2 September 2025, creating a dynamic showcase that bridges capital with investment-ready projects to accelerate Malaysia’s transformation into a regional hub for innovation and advanced industries.

The event brought together institutional investors, Government-Linked Investment Companies (GLICs), venture capital firms, private equity funds, financial institutions, and developers, underscoring MIDA’s pivotal role in unlocking strategic investments, strengthening local ecosystems, and advancing regional connectivity.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, emphasised the critical need for public-private collaboration in his welcome address, “We are here to foster meaningful partnerships that can propel Malaysia into the next phase of economic growth. This platform is designed to connect companies with the right investors, ensuring that great projects get the full support they need to scale-up. The MADANI Economy Framework and the New Industrial Master Plan 2030 are our guiding principles for building an inclusive, equitable, and competitive economy, and today’s event is one step toward achieving that vision.”

The morning session spotlighted Economic Accelerator Projects (EAP) along the East Coast Rail Link (ECRL) corridor, with investment-ready ventures from Kelantan, Terengganu, Pahang, and Selangor. These projects are poised to catalyse regional development and deliver long-term impact for local communities.

In the afternoon, the inaugural PrimePitchsession showcased five (5) companies, namely, Jardin Pharma, Biocon Biologics, Novugen Oncology, Longe Medikal, and Remedi Innovations – representing high-value opportunities in the pharmaceuticals and medical devices. Their pitches drew strong investors’ interest in Malaysia’s growing healthcare and life sciences sector.

Lively Q&A sessions reflected strong appetite for scalable ventures, with seasoned broadcaster Mr. Nizal Mohammad keeping discussions engaging throughout the day.

Closing the event, Mr. Faizal Jalaludin, Executive Director of Investment Promotion at MIDA, remarked “Today wasn’t just about pitching ideas. It was about planting the seeds for lasting partnerships that will propel Malaysia into its next phase of economic growth. We are focused not only on scaling up local companies, but also on inviting foreign investments to strengthen the ecosystem and ensure Malaysia remains a prime investment destination. We believe in building stronger local players who can compete globally and drive sustainable growth.“

The MIDA Investment Pitching Day 2025 marks the first in a new series of targeted pitching platforms linking businesses with strategic investors to advance Malaysia’s ambition of becoming ASEAN’s hub for innovation, sustainability and advanced industries.

*****

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 More Information, Please Contact:

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

MIDA Connects Capital With Ideas To Power Malaysia’s Economic Transformation

Kulim, Malaysia & Mainz, Germany, 30 September 2024 – SCHOTT Glass Malaysia Sdn. Bhd. “SCHOTT”, a global leader in advanced optics and specialty materials, is proud to announce the successful completion of its state-of-the-art production facility in Kulim, Kedah. The milestone was marked by a celebratory event attended by the SCHOTT Board of Management, employees, customers, and representatives from the Malaysian Investment Development Authority (MIDA), highlighting SCHOTT’s continued growth and innovation in Southeast Asia.

The Kulim facility is expected to create approximately 400 skilled engineering and production jobs, providing valuable employment opportunities in the local economy. This new site will significantly enhance SCHOTT’s capacity to supply high-quality optical components to international high-tech industries, including Augmented Reality (AR), while complementing the existing facility in Penang, Malaysia, where SCHOTT has been producing specialty glass for consumer electronics, semiconductors, diagnostics, and other high-tech sectors for 50 years. The expansion underscores SCHOTT’s commitment to growth and innovation in the region.

“We are excited to see SCHOTT’s continued investment in Malaysia, aligning perfectly with the vision outlined in the New Industrial Master Plan (NIMP) 2030,” said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA. “NIMP 2030 aims to transform Malaysia into a high-income economy, and SCHOTT’s new facility in Kulim underscores the country’s appeal as a hub for high-tech industries. This expansion will not only create valuable job opportunities but also drive economic growth in innovation, technology, and entrepreneurship. With SCHOTT’s production of advanced optical components including waveguides for augmented reality, Malaysia’s leadership in AR technology is further cemented, and we’re confident this will attract more investment and talent to the region. We’re proud to have supported SCHOTT’s growth and look forward to the positive impact it will have on the local community.”

“This is a great achievement for SCHOTT,” says Dr. Andrea Frenzel, SCHOTT Board Member. “Half a century ago, SCHOTT established our first production site in Asia right here in Penang. Today, we are very thrilled to continue this journey by expanding and strengthening our presence in Malaysia.”

SCHOTT’s Advanced Optics business unit provides high-precision optical components as part of its global manufacturing network, which works with centres of excellence in Germany, North America, Switzerland, and China. As a leader in the AR market, SCHOTT offers innovative products that deliver exceptional user experiences.

The company’s first Asian production site, established in 1974, has evolved into an advanced facility employing over 1,300 skilled engineers and production workers, producing optical components and specialty materials for various high-tech applications. The new Kulim site further solidifies Malaysia’s position as a global manufacturing hub for high-end specialty glass solutions, enhancing SCHOTT’s regional capabilities and innovation in the optical components market.

– 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 SCHOTT
International technology group SCHOTT produces high-quality components and advanced materials, including specialty glass, glass-ceramics, and polymers. Many SCHOTT products have high-tech applications that push technological boundaries, such as flexible glass in foldable smartphones, glass-ceramic mirror substrates in the world’s largest telescopes, and laser glass in nuclear fusion. With their pioneering spirit, SCHOTT’s 17,100 employees in over 30 countries work as partners to industries such as healthcare, home appliances, consumer electronics, semiconductors, optics, astronomy, energy, and aerospace. In fiscal year 2023, SCHOTT generated 2.9 billion euros in sales. In addition to innovation, one of its important corporate goals is sustainability, where it is pursuing climate neutral production by 2030. SCHOTT was founded in 1884 and is headquartered in Mainz, Germany. The company belongs to the Carl Zeiss Foundation, which uses its dividends to promote science. Further information at schott.com.

For media enquiries:

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

SCHOTT
Mr. Michael Müller
Head of Corporate Communications
Marketing and Communication
Email:[email protected]
Tel: +49 (0)6131 / 66-4088
M.: +49 (0)151 / 29223482

SCHOTT Celebrates Completion of New Production Facility in Kulim, Malaysia, Offering 400 Jobs

KUALA LUMPUR, 19 September 2024 – The Malaysian Investment Development Authority (MIDA) and the Malaysian Institute of Economic Research (MIER) today exchanged a Memorandum of Agreement (MOA) to establish a strategic partnership focused on enhancing Malaysia’s economic and investment climate through data-driven research, analysis, and collaboration.

The MOA was exchanged by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, and Dr. Anthony Dass, Executive Director of MIER, witnessed by Tan Sri Dato’ Soh Thian Lai, Board Member of MIDA, and Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Board Member of MIER. This collaboration marks the first of its kind between MIDA and MIER, combining their respective expertise in investment promotion and economic research to promote sustainable economic growth in Malaysia.

In his opening remarks, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, highlighted the significance of this collaboration, stating, “This landmark partnership between MIDA and MIER is a major step forward in our mission to enhance Malaysia’s economic landscape. By integrating MIDA’s extensive experience in investment facilitation with MIER’s comprehensive economic research, we are set to foster a more competitive and resilient investment environment. Our joint efforts will drive Malaysia’s economic growth by leveraging data-driven insights to attract and retain both domestic and foreign investors. This MOA aligns with our strategic objectives under the New Industrial Master Plan (NIMP) 2030 and reflects our commitment to positioning Malaysia as a premier investment destination on the global stage.”

Dr. Anthony Dass, Executive Director of MIER, echoed these sentiments and underscored the importance of a cautious yet optimistic outlook for Malaysia’s economic future in his presentation, stating “While the global economy continues to face geopolitical uncertainties and financial market turbulence, Malaysia is demonstrating resilience. With our GDP growth outpacing expectations—growing from 4.2% in Q1 2024 to 5.9% in Q2 2024 — and private consumption forecasted to rise by 5.6% in 2024, the outlook remains positive. Strong domestic demand and robust private investments with RM160 billion in approved investments in the first half of the year, show the confidence investors have in Malaysia. Our collaboration with MIDA will leverage these data-driven insights to guide investment strategies and promote sustainable growth. This partnership positions Malaysia to not only navigate global challenges but to seize emerging opportunities and enhance its global standing.”

As part of this partnership, MIDA and MIER also launched the MIDA-MIER Monthly Business Conditions Survey Report, providing key insights into Malaysia’s manufacturing sector. The survey, conducted in July 2024, reveals that the sector is expected to maintain its growth momentum, with over 70% of companies expressing optimism about current and future sales and production prospects.

This report, to be published monthly, will provide stakeholders with real-time data on key economic indicators. It will be accompanied by MIER’s Monthly Economic Review, which offers broader analysis on global and domestic economic trends, covering key markets such as the US, China, and Europe, along with forecasts on Malaysia’s economic growth and the performance of the ringgit.

The MOA sets the foundation for a strong alliance that will enhance Malaysia’s economic landscape through cutting-edge research and strategic initiatives to promote and attract investments.

-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 MIER

The Malaysian Institute of Economic Research (MIER) is an independent, non-profit organization established to conduct economic, financial, and business research, serving as a think-tank for both government and private sectors in Malaysia. Originating from discussions within the Prime Minister’s Economic Panel and subsequently promoted by the Council on Malaysian Invisible Trade (COMIT), MIER was formally incorporated as a company limited by guarantee on 30 December 1985, commencing operations on 2 January 1986. Governed by a Board of Trustees, MIER sets its strategic directions with guidance from an Advisory Panel, overseeing research planning. For more information, please visit  www.mier.org.my.

For more information, please contact:

MIDA
Ms. Hasfazuraina Hasbi
Director, Investment Statistics Division
Email: [email protected]
Tel.: +603-2263 2460

MIER
Dr Anthony Dass
Executive Director
Email: [email protected] / [email protected]
Tel.: 603 21425897

MIDA and MIER Forge Strategic Partnership to Strengthen Malaysia’s Investment Climate Through Research Collaboration

Kuala Lumpur, 18 September 2024 – As the world grapples with the pressing issue of climate change, Malaysia is taking a significant step towards a sustainable future. The Malaysian Investment Development Authority (MIDA) and Alliance Bank Malaysia Berhad (Alliance Bank) have successfully hosted the inaugural Carbon Border Adjustment Mechanism (CBAM) workshop, a groundbreaking event that brings together industry leaders, and an environmental expert from Riverstone Environmental Sdn. Bhd. to explore the potential of CBAM in revolutionising sustainable industrial practices.

CBAM is a carbon border tax designed to address the growing concern of carbon leakage by putting a fair price on the carbon emitted during the production of carbon-intensive goods entering European Union (EU) countries. This innovative mechanism encourages cleaner industrial production in non-EU countries, paving the way for a more sustainable future.

Datuk Bahria Mohd Tamil, the Deputy Secretary General (Investment and Management) of the Ministry of Investment, Trade and Industry (MITI), in her keynote address, stated, “MITI is actively engaging with international partners to promote a low-carbon economy. We’re working together to ensure Malaysia’s interests are represented in global climate negotiations and to facilitate trade for our exporters affected by CBAM.”

She added, “The transition to a low-carbon economy presents both challenges and opportunities for Malaysia. While it’s a new regulatory challenge, CBAM also incentivises sustainable practices and can enhance the long-term competitiveness of our businesses. With strategic planning and government support, we can navigate this transition successfully and drive innovation, improve our environmental credentials, and secure a leading position in the global market.”

While MIDA CEO, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid highlighted in his remarks, “it’s crucial for everyone involved in the supply chain of European importers to understand the CBAM requirements thoroughly and start taking steps now to meet these new regulations. Being ahead of the curve is vital to maintaining our competitiveness in the global marketplace.”

“I would like to reaffirm MIDA’s commitment to supporting Malaysian businesses in navigating the challenges and seizing opportunities presented by CBAM. The shift towards greener practices is not just a regulatory hurdle, but a chance to innovate, to enhance efficiency, and to position Malaysian businesses at the forefront of sustainable trade,” he further added.

Approximately 75% of Malaysia’s exports to the European Union will be impacted by CBAM, albeit collectively accounting for about 8% of Malaysia’s total exports from 2021 to 2023. The new regulatory requirement will impose significant compliance costs and further drive the importance of sustainability in the global supply chain. Malaysian exporters, particularly those that are heavily reliant on exports to the EU and those that produce carbon intensive products from six groups being cement, iron & steel, aluminum, fertilizers, electricity and hydrogen will be impacted in the initial phase.

“We want to help local manufacturers and exporters build resilience and improve their competitiveness by providing them with the knowledge and guidance to prepare ahead for the implementation of this new regulation from the EU. Alliance Bank has developed a long-term relationship with the SME community, and we know that both financial and non-financial solutions are key to enable the growth of businesses. This partnership will help us reach out to more businesses, particularly local manufacturers and exporters who are most impacted by the CBAM policy, and aide them in preparing their business roadmap for it,” Alliance Bank Group Chief Strategy, Marketing and Business Development Officer, Dr. Aaron Sum.

The workshop was divided into three parts, focusing on CBAM’s impact on businesses, implementation timelines, compliance processes and strategies to navigate them. MIDA also presented the available incentives and grants to assist companies in adapting to the changes. Alliance Bank concluded the session by sharing its various green financing options, including the Sustainability Impact Programme, which offers pragmatic ESG advice and solutions to businesses transition towards more sustainable practices.

***THE END***

About Malaysian Investment Development Authority (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 Alliance Bank Malaysia Berhad

Alliance Bank is dedicated to offering differentiated financial and non-financial solutions across consumer, SME, corporate, commercial, and Islamic banking sectors. Embracing its ‘The Bank For Life’ brand purpose, Alliance Bank is committed to meeting the ever-evolving needs of its customers, serving as a dependable banking partner throughout their lifetime.

With a vision of community-centric banking, Alliance Bank deeply engages with the community through an omni-channel approach. Customers can interact with Alliance Bank through an extensive network of retail branches, Privilege Banking Centres, Business Centres, and Digital banking services. The Bank aims to foster meaningful connections within the communities it operates in.

For media enquiries please contact:

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

Alliance Bank Malaysia Berhad
Ms. Loh Wan Li
Assistant Vice President
Group Communications
Email: [email protected]
DL: 03-2604 1968

Navigating the EU’s Carbon Border Policy MIDA and Alliance Bank Host CBAM Workshop for Malaysian Businesses

Expansion Marks Company’s Fourth Facility in the Region, Boosts Capacity, and Creates 200 Jobs

TEMPE, Ariz. & KUALA LUMPUR, Malaysia, 12 September 2024 – Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today marked a significant milestone with the grand opening of its new facility in Penang, Malaysia. This expansion, Benchmark’s fourth facility in the region, underscores the company’s commitment to growth and innovation. The new facility, spanning an impressive 8,000 sq. metres with space to further expand, significantly enhances Benchmark’s capacity and capabilities in the region. With this addition, Benchmark’s total footprint in Penang now exceeds 40,000 sq. metres. To support the ramp-up of this new facility, Benchmark will be hiring up to 200 positions.

The grand opening ceremony was attended by key customers, suppliers, local dignitaries, and community partners. The Malaysian Investment Development Authority (MIDA) assumed a pivotal role in facilitating the establishment of this new facility.

The Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang said, “With a long-standing reputation for innovation and technological excellence, Penang offers a robust industrial ecosystem that naturally attracts and retains investors. Benchmark’s expansion within the state serves as a testament to Penang’s status as a sustainable investment location. This move not only underscores Penang’s appeal to global industry leaders but also highlights the region’s capacity to support long-term growth and innovation.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, expressed his enthusiasm, stating “We are proud to have partnered with Benchmark on this expansion. This development not only underscores Malaysia’s standing as a top choice for investment but also showcases the strong ecosystem we’ve built for advanced manufacturing. Benchmark’s commitment to local talent development and hiring aligns perfectly with our goals under the New Industrial Master Plan (NIMP) 2030, which focuses on empowering local talent and creating high-value jobs for Malaysians. We’re eager to see the positive impact this expansion will have on the local community — from new job opportunities to boosting the local economy. We also look forward to the groundbreaking products and solutions that Benchmark will bring to life here, which will advance Malaysia’s role in advanced manufacturing.”

“Expanding our footprint in Asia, especially in Penang where the community and government have been so supportive of Benchmark’s continued investment, aligns well with our strategic direction,” said Jeff Benck, president and CEO of Benchmark. “This facility will enhance our capabilities and capacity, enabling us to better serve our growing customers who are either already located in the region or intend to further expand their production in APAC. We’d like to thank MIDA for their support of this new investment bringing additional capabilities and innovation to the state, as well as the support of various other community partners who have helped us achieve this goal.”

This expansion was driven by the need to accommodate new and existing customer projects, many of which are slated to launch in 2025, and to vertically integrate with Benchmark’s existing Penang facilities to improve quality, efficiency and time-to-market for customer products. Benchmark is bringing key capabilities such as e-beam welding, large form factor 5-axis machining, type-2 cleaning, and is establishing one of the largest welding and frame manufacturing operations in the region.

In the first half of 2024, the machinery and equipment industry recorded an approved investment of RM2.8 billion, reflecting strong growth and continued confidence in Malaysia’s capabilities.

To learn more about the new Penang facility and Benchmark’s capabilities in the region, please visit www.bench.com.

***The End***

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

About 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.

About Benchmark Electronics, Inc.
Benchmark provides comprehensive solutions across the entire product life cycle; leading through its innovative technology and engineering design services; leveraging its optimized global supply chain; and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next-generation communications, medical, complex industrials, and semiconductor capital equipment. Benchmark’s global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE..

For More Information, Please Contact:

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

InvestPenang
Elaine Cheah / Arief Ferdaus
Communications & Business Intelligence
E: [email protected] /  [email protected]
Tel.: +604 6468 833

Benchmark Electronics, Inc.
Alec Robertson
Brodeur Partners on behalf of Benchmark
Email: [email protected]
Mobile: 585-281-6399

Benchmark Celebrates Grand Opening of New Facility In Penang

Penang, 10 September 2024 — ELNA PCB(M) SDN. BHD., a global supplier of printed circuit board (PCBs) and a subsidiary of Global Brands Manufacture under the PSA Group, today announced the opening of its second state-of-the-art plant in Penang, Malaysia. Representing an investment exceeding RM1 billion, the five-story PCB manufacturing facility is located adjacent to ELNA’s existing plant and is dedicated to producing high-quality advanced PCB.

The inauguration ceremony was graced by YB Chow Kon Yeow, Chief Minister of Penang; Dato’ Loo Lee Lian, CEO of InvestPenang; Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of the Malaysian Investment Development Authority (MIDA) Penang; and Mr. Hsu Shang Chih, President of the Penang Standing Committee of Taiwan Chamber of Commerce and Industry in Malaysia.

YB Chow Kon Yeow, Penang Chief Minister, stated that, “The completion of ELNA’s new plant marks not only a significant milestone for ELNA but also for Penang, as we continue to strengthen our position as a global leader in the electronic manufacturing sector. The construction of this second PCB plant in Malaysia will not only expand production capacity but also transfer advanced manufacturing technology, foster local expertise in cutting-edge PCB technology, and create over 1,000 additional jobs.”

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) said, “ELNA’s significant RM1-billion investment expansion is a clear vote of confidence in Malaysia’s policies to fostering innovation and growth in the semiconductor industry. This expansion is well-aligned to our New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS), both of which aim to strengthen the industry’s value chain from chip design to wafer fabrication, assembly, and testing. ELNA’s expanded investments in Malaysia is poised to be a catalyst for further industry growth and investment, and we are fully committed to providing the required support for their continued success.”

Echoing the sentiments, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “We are delighted to witness ELNA’s substantial expansion in Penang, which signifies a strong vote of confidence in Malaysia’s position as a key hub for advanced electronics and semiconductor manufacturing. ELNA’s investment aligns perfectly with our strategic initiatives to enhance the semiconductor ecosystem, from R&Dand innovation to full-scale production. MIDA is dedicated to working hand-in-hand with ELNA to drive sustainable growth, ensuring that our skilled workforce and supportive ecosystem continue to meet the evolving needs of the semiconductor industry.”

Mr. Ian Yang, President of ELNA, expressed, “The first phase of production will yield 300,000 square feet of PCBs, catering to the automotive, server, network equipment, personal computing, and consumer electronics sectors. As the demand for high-quality and advanced PCBs increase, the plant’s full production capacity is expected to reach 1 million square feet in the future. The existing facility will continue to manufacture double-sided and multi-layer PCBs, while the new plant will add advanced production capabilities to meet customers’ needs for diversified geographical manufacturing and supply chain flexibility.”

Mr. Lance Tao, President of PSA PCB Business Group, commented that “It is our honor to establish a new plant in Malaysia, the inauguration of the new ELNA plant is a significant milestone for PCB Division. PSA is committed to providing one-stop industry-leading solutions for customers worldwide, promising to deliver more diverse and high-quality products and services.”

As the world’s sixth-largest semiconductor exporter, Malaysia accounts for 13% of the global assembly, testing and packaging market. Penang, in particular, stands as a major hub for Malaysia’s semiconductor industry, boasting a well-established industrial ecosystem, a rich talent pool, and a favourable business environment. ELNA’s decision to build a new PCB plant in Penang is a strategic move that is expected to enhance the region’s electronics manufacturing supply chain.

The PSA Group continues its global expansion, with investments in Malaysia, Japan, and other locations through its subsidiaries. These include Global Brands Manufacture Technology, which is establishing EMS plants in Ipoh; Kamaya Electric, focusing on passive components; and SILITECH Technology, which is setting up innovative integrated design and manufacturing services plants in Penang and Negeri Sembilan.

– END –

About MIDA

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

About InvestPenang

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

About ELNA

PSA (Passive System Alliance) Group was founded in 1992 with the establishment of its first company, Walsin Technology. Utilizing strategies of industrial value chain integration and resource sharing, PSA Group quickly grew into an expert in electronic component services. The group comprises 10 listed companies and 5 overseas companies, including Walsin Technology (2492.TW), Prosperity Dielectrics (6173.TW), INPAQ Technology (6284.TW), SILITECH Technology (3311.TW), and Matsuo Electric (6969.T) for passive components; HannStar Board Corporation (5469.TW), Global Brands Manufacture (6191.TW), and Info-Tek Corporation (8183.TW) for PCB and EMS services; and Walton Advanced Engineering (8110.TW) for memory packaging and testing services. PSA currently has approximately 36 thousand employees, as well as more than 50 production bases worldwide located in regions such as Taiwan, China, Japan, and Malaysia. PSA has also established 17 service bases around the world to sell high-quality products, as well as to serve top-tier corporate customers internationally, aiming to provide the best one-stop solutions in the industry for customers in consumer electronics and specialized industrial applications.

ELNA joined PSA Group in 2018 and specializes in the design and manufacturing of printed circuit boards, with plants in Japan and Malaysia. Its products are widely used in automotive electronics, consumer electronics, communication devices, and industrial control systems. ELNA PCB(M) SDN. BHD., a Malaysian subsidiary under Global Brands Manufacture (6191.TW), has obtained quality management certifications including IATF 16949:2016, ISO 9001:2015, and environmental management certification ISO 14001:2015. The company is committed to pursuing quality, maintaining harmony with the environment, building strong trust with partners, and providing high-quality products.

For media inquiries, please contact:

MIDA
Ms. Noor Suziyanti Saad
Director of Electrical and Electronics Division
Email: [email protected]
Tel.: 03 – 2267 3575

InvestPenang
Ms. Elaine Cheah
Head – Communication & Business Intelligence
Email: [email protected]
Tel.: 04 646 8833

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

PSA ELNA Inaugurates New PCB Manufacturing Facility in Penang, Representing Over RM1 Bil of Investment Expansion

• Malaysia attracted RM160.0 billion of approved investments in services (RM97.2 billion), manufacturing (RM60.1 billion), and primary sectors (RM2.7 billion). This is a 18.0% increase as compared to RM135.6 billionapproved investments in the same period last year.
• An estimated 79,187 new jobs will be created from 2,948 approved projects, a surge of 49.3% and 11.0%, respectively, year-on-year.
• Domestic Investments (DI) accounted for 53.4% or RM85.4 billion of the total approved investments, while Foreign Investments (FI) contributed 46.6% or RM74.6 billion, representing a double-digit year-on-year growth of 19.1%, and 16.7%, respectively.
• The services sector emerged as the clear frontrunner, commanding a significant share of RM97.2 billion or 60.7% of the total approved investments, an increase of 14.4% from the same period last year.
• While the manufacturing sector recorded 37.6% of the total approved investments, a significant increase by 34.1% from last year’s H1 2023.
• CIPE and MTS Index for the manufacturing sector recorded higher levels at RM1.8 million and 42.7%, respectively, compared to H1 2023. These indicate the investment projects are of higher economic complexity and churning quality jobs. 
• Top five (5) sources of FI were led by Austria (RM30.1 billion), Singapore (RM16.5 billion), The People’s Republic of China (PRC) (RM9.8 billion), The Netherlands (RM4.0 billion) and Taiwan (RM2.4 billion).
• Five (5) states that have recorded significant investment value to the total approved investments include W.P. Kuala Lumpur (RM37.6 billion), Selangor (RM35.0 billion), Kedah (RM31.9 billion), Pulau Pinang (RM13.1 billion) and Johor (RM12.9 billion).
• During this period, the National Investment Aspirations (NIA) sector contributed RM81.6 billion, which accounts for 51.0% of the total approved investments across various economic sectors.
• 76.6% of manufacturing projects approved between 2021 to June 2024 have been implemented.

Kuala Lumpur, 4 September 2024 – Malaysia has demonstrated its continued appeal to investors and resilience in the face of global economic uncertainty by attracting a substantial 18-per cent year-on-year increase in approved investments to RM160.0 billion across the services, manufacturing, and primary sectors from January to June 2024 (1H 2024).

This surge in investment is backed by a substantial 2,948 investment projects, which is expected to create a significant 79,187 new job opportunities.

Domestic Investment Leads the Way

Domestic investments (DI) have taken the lead for 1H2024, making up a significant 53.4% of the total approved investments, valued at RM85.4 billion. This is a clear sign of domestic businesses’ continued growth and confidence in the country’s economic policies.

In contrast, foreign investments (FI) accounted for 46.6% of the total approved investments, worth RM74.6 billion.

While both DI and FI play an important role in supporting Malaysia’s economy, the marked increase in DI contribution to the country’s growth is a clear indication of local businesses’ confidence, which bodes well for the country’s economic development.

Top States and Key Foreign Sources of Investments

The top five states that attracted the most investment in Malaysia are W.P. Kuala Lumpur (RM37.6 billion), Selangor (RM35.0 billion), Kedah (RM31.9 billion), Pulau Pinang (RM13.1 billion), and Johor (RM12.9 billion).

A stable MADANI Government and a robust business-friendly environment are among key value propositions for Malaysia to continuously attract foreign investments. Austria led the approved investments with RM30.1 billion, followed by Singapore RM16.5 billion, The People’s Republic of China (PRC) RM9.8 billion, the Netherlands RM4.0 billion, and Taiwan RM2.4 billion.

National Investment Aspirations (NIA) Sectors Drive Growth

It is significant to note that sectors aligned with the National Investment Aspirations (NIA) brought in RM81.6 billion, representing 51.0% of total approved investments from 562 projects, set to create 35,780 jobs. This reflects how clear efforts have been expended to attract NIA-aligned investments that enhance economic complexity, create high-value jobs, expand domestic linkages, foster new clusters, and promote inclusivity.

Under the stewardship of MITI and MIDA, 42.0% of the total approved investments, valued at RM67.2 billion from 978 approved projects, will create 35,499 new job opportunities.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), said, “Malaysia’s strong investment performance of RM160.0 billion, representing an 18.0% year-on-year increase in the first half of 2024 is a testament to our commitment to creating a pro-investment, business-friendly environment that fosters industrial transformation and economic growth. ASEAN is forecast to grow at 4.6% in 2024 and 4.7% in 2025 on solid improvement in both domestic and external demand, and Malaysia is determined to capture this growth. The 1H2024 approved investment figures reflect how investors appreciate Malaysia’s clear policies that provide a conducive landscape for companies to thrive. Driven by our robust frameworks, such as the New Industrial Master Plan 2030, the National Semiconductor Strategy and the Green Investment Strategy, more and more global businesses have begun to recognise Malaysia’s vast potential. MITI and MIDA will continue to market Malaysia’s increasing appeal as a regional manufacturing or services hub to attract high-quality investments and drive sustainable economic growth, while ensuring more business opportunities for our SMEs and higher-skilled jobs for Malaysians.”

THE SERVICES SECTOR’S RESILIENCE IN ATTRACTING INVESTMENTS

The services sector, a cornerstone of Malaysia’s economy, has not only weathered the storm but continues to thrive, underpinning the nation’s economic resilience. Its dominance in approved investments from January to June 2024, accounting for a substantial RM97.2 billion or 60.7% of the total approvals, is a testament to its enduring appeal to investors. It is expected to create 45,249 new jobs.

The growth was led by domestic investments, which made up 72.5% of the total approvals in the services sector at RM70.5 billion. This shows local businesses’ capability and strong confidence in the country’s economy. Foreign investments recorded RM26.7 billion, or 27.5% of the total, highlighting continued international interest in the sector.

The top-performing sub-sector under the services sector are:

• Information and Communications (ICT) – RM45.9 billion
• Real Estate – RM31.0 billion
• Transport Services – RM4.9 billion
• Utilities – RM4.0 billion
• Global Establishments – RM3.6 billion

Notable Ventures in the Services Sector

Notable projects contributing to the sector’s growth includes:

• Asiabina Solar Sdn. Bhd: The Malaysian company is investing RM200.4 million in a 50 MW Large Scale Solar (LSS) Project in Parit Buntar, Perak, as part of its expansion into the renewable energy sector.

• President Hotel Sdn Bhd: Part of the Pan Pacific Hotel Group, the company is investing upwards of RM150 million to upgrade and expand its portfolio of luxury accommodation in Kuala Lumpur via the simultaneous modernisation of PARKROYAL Collection Kuala Lumpur and introduction of Pan Pacific Serviced Suites Kuala Lumpur. This strategic investment aims to meet the growing demand for high-end hospitality services, underlining Kuala Lumpur’s emergence as a burgeoning location for luxury travel.
  
• NEDA Pekan Sdn. Bhd.: A RM129 million, 29.99 MW Solar Project under the New Enhanced Dispatch Arrangement (NEDA) Programme in Pekan, Pahang.

The concerted efforts and the whole-of-government approach, have fortified this sector, making it a lucrative avenue for discerning investors and business leaders.

MANUFACTURING SECTOR REMAINS THE COUNTRY’S ECONOMIC BACKBONE

Malaysia’s manufacturing sector has emerged as a bright spot in the country’s economic landscape, attracting RM60.1 billion in approved investments in the first half of 2024. This represents a significant 34.1% increase from the RM44.9 billion recorded in the same period last year, indicating a strong rebound in investor confidence.

The approved investments are spread across 519 projects, poised to generate an estimated 33,887 job opportunities with 80.0% of the jobs (27,121) reserved for Malaysians.

The majority of new jobs are in high-value fields, with 42.7% in management, professional, technical, supervisory, and skilled labour roles, indicating a focus on upskilling and reskilling the local workforce.

Foreign Investments (FI) take the lead, contributing RM47.6 billion or 79.2%, while Domestic Investments (DI) account for a respectable RM12.5 billion or 20.8%, a clear indication of the sector’s ability to attract and retain foreign capital while also nurturing domestic entrepreneurship.

The performance of approved investments in the manufacturing sector is also measured based on the five main pillars of the National Investment Aspirations (NIA), where the fifth pillar of the NIA is to enhance the development of underserved areas and communities to contribute to the socio-economic development agenda. To that end, focus has been given to six States which are Kedah, Kelantan, Perlis, Terengganu, Sabah, and Sarawak.

From January to June 2024, 49 manufacturing projects worth RM36.1 billion were approved for these states, marking a 94.4% significant increase compared to the same period last year. Kedah and Sarawak were among the top five states of approved investments in this sector. These investments are expected to create 6,066 new jobs.

The electrical and electronics (E&E) is the major industry underpinning Malaysia’s manufacturing economic growth with approved investments of RM36.9 billion. Malaysia is stepping up efforts to set standards with comprehensive business solutions spanning R&D, manufacturing, supply chain management, logistics, and even global HQ functions.

From the total of approved investments in the E&E industry, more than 90% is for the semiconductor subsector, supporting the National Semiconductor Strategy (NSS) agenda, which aims for at least RM500 billion in investments during the first phase of the plan.

The continued investments in the E&E industry further reflects Malaysia’s competitive advantage in this segment, based on Malaysia’s strong ecosystem and a track record built over the past 50 years.

Other key industries contributing to the performance of the manufacturing sector include:

• Transport Equipment: RM4.7 billion
• Non-Metallic Mineral Products: RM3.6 billion
• Chemicals and Chemical Products: RM3.1 billion
• Machinery and Equipment: RM2.8 billion

Notable Projects in the Manufacturing Sector

Notable projects in the manufacturing sector includes:

• Sena Diecasting Industries Sdn. Bhd.: Sena Diecasting Industries Sdn. Bhd. has established itself as the leading die casting company in the local market, with a huge presence in international market. The company is investing a substantial amount of investment to expand its capabilities in die casting, powder coating (clean room standard for high-gloss products for premium motorcycle manufacturers), and electroplating.

• Tengma Textile Sdn. Bhd.: Tengma Textile Sdn. Bhd. is set to invest RM458 million in developing and producing indigo denim as it aims to bolster its position in the textile industry. The company is also committing to advanced technology and sustainability, with green initiatives aligned with the national sustainable agenda.
  
• DELO Malaysia Sdn. Bhd.: DELO, a company specialising in industrial adhesives, is investing millions of Malaysian Ringgit to establish a new production facility in Malaysia. This project will cater to various high-tech industries, including the semiconductor, automotive, optoelectronics, and consumer electronics sectors.

PRIMARY SECTOR REFLECTS POSITIVE OPPORTUNITIES

The primary sector sees RM2.7 billion in approved investments, constituting 1.7% of the total approvals. Driven by 25 projects, it anticipates creating 51 new jobs, with a focus on mining (RM2.4 billion), and agriculture (RM0.3 billion).

Attracting High-Growth, High-Value Investments

Since beginning of the year, MITI and MIDA have executed 11 High-Level Overseas Investment Missions to key countries such as Germany, France, Australia, Italy, Singapore, India and Japan. This is in addition to the numerous official Overseas Working Visits led by the Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim to meet key global business leaders.

As of 31 August 2024, MIDA is actively pursuing 1,562 proposed projects worth RM54.8 billion, comprising 1,493 projects in the services sector (RM44.8 billion) and 69 projects in the manufacturing sector (RM10.1 billion). While negotiations are ongoing between MIDA and prospect investors for high-potential leads totalling RM53.8 billion.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA emphasised, “For the first half of 2024, we have witnessed a remarkable value of approved investments that underscore Malaysia’s commitment to inclusivity and national prosperity. These investments are not just figures on paper; they represent our dedication to creating a more equitable and thriving economy. The approvals recorded aligns with Q2’s GDP achievement of 5.9%, driven by enhanced investment activities, among others. The true measure of success lies in the implementation of these approved projects, which will drive positive macro-economic performance of the country and spill over effects across communities. MITI and MIDA’s focus remains on ensuring that every investment contributes to a more prosperous and inclusive future for all Malaysians, forging a path towards innovation and economic resilience, further strengthening our industrial ecosystem and domestic supply chains.”

Realised Investments for the Manufacturing Sector

From 2021 to June 2024, the National Investment Committee (NCI) approved 2,905 manufacturing projects, of which 76.6% or 2,224 projects have been implemented, including those in production, factory construction, or machinery/equipment installation. This is followed by 21.7% in the planning stage, covering projects in planning, site selection, and discussions with developers and consultants. Only 1.7% of the projects remain unimplemented.

The strategic platform of the Invest Malaysia Facilitation Centre (IMFC) at MIDA is instrumental in keeping track and following through approval processes for investment projects by cutting through red tape, while offering indispensable consultation and advisory services. Meanwhile, TRACK by MIDA offers end to end facilitation services for NCI-approved projects, ensuring smooth transitions from approval to implementation. The On-Track digital system enhances this process by providing real-time project tracking, promoting transparency and accountability. These diligent steps and strategic resource allocation ensure that approved investments transition from paper to reality swiftly. These efforts are pivotal, driving local employment and propelling Malaysia’s industrial and economic landscape to new heights.

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About MIDA

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

For media enquiries please contact:

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

Continued Investor Confidence Sees Approved Investments Up 18% To RM160 Billion for Malaysia, Generating Over 79,000 New Jobs For 1H 2024

New York, Kuala Lumpur, 20 September 2023 – Alton Industry Ltd Group (Alton), a US-based global supplier of consumer and commercial tools, appliances, and floor care, is expanding its manufacturing and R&D base into Malaysia. The CEO of Alton Group, Mr. David Lu laid out the company’s vision to invest over RM2 billion in the next 7 years during a meeting with YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry Malaysia (MITI) in New York City. 

The construction of the new manufacturing facility has already begun. This new investment will also serve as a global R&D centre for the company’s new technology platforms. Once completed in 2024, Alton is poised for continuous expansion to bolster production capacity and cater to the diverse and ever-growing demand of its global customer base.

Tengku Zafrul warmly welcomed Alton’s significant global expansion, along with their Phase 1 investment commitment of RM500 million, “Alton Industry Ltd Group’s decision to expand its manufacturing and R&D base in Malaysia reflects their confidence in the country’s attractiveness as an investment destination. This commitment also perfectly aligns with the key targets of Malaysia’s recently launched New Industrial Master Plan 2030 (NIMP 2030), including the creation of an investment-friendly environment and the rapid embrace of technology to elevate our manufacturing sector’s tech ecosystem. It firmly establishes Malaysia as a global technology and innovation hub, underscored by new inventions and deeper collaborations between Alton and Malaysian SME industry players. We warmly welcome Alton’s investment and its potential for higher-paying, quality employment opportunities, particularly for Malaysians.”

Datuk Wira Arham Abdul Rahman, CEO of the Malaysian Investment Development Authority (MIDA) said “We are excited with Alton’s commitment to Malaysia, recognizing that their enduring presence in our nation will serve as a catalyst for fostering mutually beneficial collaborations with domestic industry players, particularly in the area of high value, high growth activities. As Alton established its roots in Malaysia, we anticipate it evolving into a pivotal industry partner for our country, contributing significantly to our economic growth and development. With this new partnership between MIDA and Alton, we stand ready to provide the necessary support to Alton, ensuring the seamless execution of their investment project in the country.”

Alton’s President and CEO, David Lu commented, “Alton is proud to expand its global footprint and to develop its operations in Malaysia with the planned opening of our new manufacturing facility in Johor Bahru. This new facility will enable us to support our global customers in all sectors we currently do business in and allows expand to other markets quickly. The incentives from federal, state and local governments we have in addition to the support of infrastructure make this a good investment for Alton.”

Alton produces a diverse range of commercial and consumer tools, hardware and equipment along with home appliances and floor care markets. Alton does business in over 75 different countries with offices in China, Japan, Hong Kong, Europe and the United States of America (USA).

*****

About MIDA

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

About Alton

Alton is one of the world’s leading suppliers of tools and power equipment. With operations spanning three continents, Alton delivers Innovative Solutions for Everyday Tasks for retailer, brands and consumers. It has over 25 years of leadership and experience in the development, manufacturing and distribution of high quality and performance driven products. For more information on Alton and the products and services we provide please visit www.altoncorporate.com or at our Linked In at www.linkedin.com/company/altoncorporate/

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

Alton
Ms. Aimee Pachecco
Marketing
Alton Industry Ltd Group
Email: [email protected] Tel.: +1 (630)-389-1030

Alton To Invest RM2 Billion on State-Of-The-Art Facility, Expanding Footprint In Malaysia

Over 10,000 High-Impact Jobs to be in the Manufacturing Sector

• Malaysia attracted RM132.6 billion (USD28.4 billion) of approved investments in services (RM82.4 billion or USD17.6 billion), manufacturing (RM44.9 billion or USD9.6 billion), and primary sectors (RM5.3 billion or USD1.2 billion).
• Domestic Direct Investment (DDI) accounted for a substantial 52.2% or RM69.3 billion (USD14.8 billion) of the total approved investments, a commendable 58.2% increase year-on-year, while Foreign Direct Investment (FDI) contributed 47.8% or RM63.3 billion (USD13.6 billion).
• Out of the RM69.3 billion, the services sector emerged as the clear frontrunner, commanding a significant share of RM54.5 billion (USD11.7 billion) in DDI.
• Top five (5) sources of FDI led by Singapore (RM13.7 billion) (USD2.9 billion), Japan RM9.1 billion (USD2.0 billion), The Netherlands (RM9.0 billion) (USD1.9 billion) The People’s Republic of China (RM8.4 billion) (USD1.8 billion) and British Virgin Islands (RM7.1 billion) (USD1.5 billion).
• Five (5) states that have recorded significant investment value to the total approved investments include Wilayah Persekutuan Kuala Lumpur (RM31.7 billion) (USD6.8 billion), Selangor (RM29.7 billion) (USD6.4 billion), Kedah (RM14.6 billion) (USD3.1 billion), Johor (RM14.2 billion) (USD3.0 billion) and Sabah (RM9.0 billion) (USD1.9 billion).
• With an impressive number of 2,651 projects approved, an increment by 34.8% compared to the same period last year, the approved investments will generate 51,853 new jobs in the country.

Kuala Lumpur, 17 September 2023 – Malaysia has attracted a total of RM132.6 billion (USD28.4 billion) worth of approved investments in the services, manufacturing and primary sectors involving 2,651 projects from January to June 2023 and is expected to create 51,853 job opportunities in the country.

The investments are a vote of confidence in Malaysia’s economy and its offerings to investors, including:

1. A Government that supports and develops pro-business policies, and continuously enhances the ease of doing business in Malaysia;
2. A strategic location in Asia with strong growth potential;
3. A trusted hub for ecosystem, supply chain, capital, talent, flows of goods and data; and
4. Growing innovation capabilities.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, the Minister of Investment, Trade and Industry (MITI), said, “Despite global demand slowdown and a higher interest rate environment in key markets, Malaysia managed to attract approximately a similar amount of approved investments in 1H2023 year-on-year, reflecting confidence in the nation’s economic growth prospects. Notably, direct domestic investment increased by 58%, and represented over 52% of approved investments which, to us, is a clear vote of confidence in the MADANI Economy policies. The total approved investments are also set to create at least 50,000 jobs for Malaysians.”

“I am pleased with our achievement in 1H2023, securing RM132.6 billion, representing 60.3% of our annual target. This achievement closely mirrors our ten-year average of RM222.6 billion, emphasising our consistent efforts in attracting quality investments and driving economic growth. With stronger growth expected in the second half, I am confident we will be able to achieve our target for this year.”

“As various global supply chains shift to Asia, our key aim is to position Malaysia as a regional hub for both international companies and entrepreneurs seeking to expand their footprint in Asia. To that end, the recently unveiled New Industrial Master Plan 2023 (NIMP2023) represents a pivotal step in Malaysia’s journey toward sustainable industrial transformation and enhanced global competitiveness. NIMP2030 represents a whole-of- nation effort towards proactively integrating our SMEs into regional and global supply chains, as well as fostering improved economic cooperation with neighbouring nations. These are set to strengthen the investment ecosystem, fostering investor confidence and further edifying Malaysia’s position in the regional investment landscape,” added the MITI Minister.

Domestic Direct Investment (DDI) accounted for 52.2% of the total approved investment, or RM69.3 billion (USD14.8 billion). This is a remarkable surge of 58.2% from the same period in 2022, underscoring the competitiveness of local players. The strong performance of DDI was driven by investments in the services sector, particularly real estate and primary sector. The government’s commitment to ensuring quality housing for rakyat has been a major factor in this growth.

MITI and MIDA remain steadfast in their commitment to achieving a balanced blend of Foreign Direct Investment (FDI) and DDI. This balance is clearly demonstrated in the amount of FDI, which contributed 47.8%, or RM63.3 billion (USD13.6 billion) to the approved investments.

Singapore is the leading source of FDI with approved investments totalling RM13.7 billion (USD2.9 billion). The nation has also attracted quality investments from other countries, such as Japan (RM9.1 billion) (USD2.0 billion), The Netherlands (RM9.0 billion) (USD1.9 billion), the People’s Republic of China (PRC) (RM8.4 billion) (USD1.8 billion), and British Virgin Islands (RM7.1 billion) (USD1.5 billion).

Five states have recorded significant approved investments, namely Wilayah Persekutuan Kuala Lumpur (RM31.7 billion) (USD6.8 billion), Selangor (RM29.7 billion) (USD6.4 billion), Kedah (RM14.6 billion) (USD3.1 billion), Johor (RM14.2 billion) (USD3.0 billion), and Sabah (RM9.0 billion) (USD1.9 billion). Together, these top five states accounted for an impressive 74.9% of the total approved investments.

Malaysia’s Services Sector Led the Investment Wave with Diverse Sources

The services sector led the way in terms of investment approvals in Malaysia in the first half of 2023, with a total of RM82.4 billion (USD17.6 billion) approved, accounting for 62.1% of the total. A total of 24,747 new jobs are expected to be created in the services sector as a result of these investments.

The surge in investment in the services sector can be attributed to several factors, including Malaysia’s proactive efforts to diversify its economy beyond manufacturing, the robust growth of the digital economy, and the increasing demand for services such as logistics, healthcare, and education.

Of the total approved investments in the services sector, RM54.5 billion (USD11.6 billion) came from DDI, accounting for 66.1% of the total. The remaining 33.9% or RM27.9 billion (USD6.0 billion) were from FDI.

The real estate sub-sector was the largest recipient of investments in the services sector, with RM30.7 billion (USD6.6 billion) approved. Other major sub-sectors included information and communications (RM29.1 billion, USD6.2 billion) distributive trade (RM8.2 billion, USD6.2 billion), financial services (RM5.5 billion, USD1.2 billion), and utilities (RM3.8 billion, USD0.8 billion).

Datuk Wira Arham Abdul Rahman, CEO of MIDA stated, “Malaysia’s strong economic fundamentals and reputation for being stable, reliable and neutral allowed us to capture quality investments from diverse sources. The long-term prospects and outlook for the digital industry remains promising. Companies across a variety of industries continue to build capabilities in data, digitalisation and automation. There are also opportunities from the growing digital economy in Southeast Asia, including in fintech, cloud, cybersecurity and gaming. We anticipate a sustained demand for tech-related skills across all sectors in Malaysia.”

“Nevertheless, our journey towards the future also hinges significantly on our ability to align with global mega-trends, particularly in the context of environmental, social, and governance (ESG) practices. Implementing an ESG-based business model, especially by local SMEs, holds the potential to not only bolster competitiveness but also to amplify our presence within the global value chain, propelling the country into a future characterised by sustainable and responsible growth,” he added.

There was also a significant increase in investments in green technology, with RM1.3 billion (USD268.0 million) approved, reflecting a 21.9% year-on-year growth. These approved investments encompass diverse green technology initiatives, including renewable energy, energy conservation, waste management, green buildings, and services. This surge in green investments is poised for even further acceleration, aligning seamlessly with the objectives set forth in the National Energy Transition Roadmap (NETR).

Among the notable projects approved in the services sector, include GDS IDC Services (Malaysia) Sdn. Bhd., undertaking the establishment of a hyperscale data centre. Additionally, Seri Yakin Logistics Sdn. Bhd. is embarking on the development of a smart warehouse, inclusive of an e-fulfillment hub; and TNB Bukit Selambau Solar Dua Sdn. Bhd., advancing the renewable energy initiatives through their cutting-edge solar technology.

Malaysia’s Thriving Manufacturing Sector Performance

The manufacturing sector in Malaysia attracted a total of RM44.9 billion (USD9.6 billion) in approved investments in January to June 2023, accounting for 33.9% of the total approved investments across all sectors. This represents an increase of 2.5% from the RM43.7 billion recorded in the same period in 2022.

These investments are spread across 421 projects, set to generate an estimated 26,759 job opportunities. Of the total approved investments, RM33.9 billion (USD7.3 billion) came from FDI, with RM11.0 billion (USD2.3 billion) originating from domestic investments.

Notably, new projects accounted for RM22.9 billion (USD4.9 billion) of the total approved investments in the manufacturing sector, while RM22.0 billion (USD4.7 billion) stemmed from expansion/diversification projects. DDI was predominantly directed towards new projects, representing 59.6% of the total. FDI showed a balanced distribution between expansion/diversification and new projects, with 51.9% allocated to the former.

The majority or 58.1% of this expansion/diversification projects are in the electrical and electronic industry (E&E). The industry has taken a leading role, contributing a substantial RM10.9 billion (USD2.3 billion) to these projects. This aligns with preparations for the anticipated 2024 demand recovery, as projected by the World Semiconductor Trade Statistics (WSTS) Forecast of Global Semiconductor Sales¹.

A notable example is Texas Instruments Malaysia Sdn. Bhd., with an investment of RM7.4 billion in semiconductor devices and high-performance integrated analog circuits. Moreover, 48.1% of FDI consisted of new projects, reaffirming foreign investors’ confidence in Malaysia as a preferred investment destination.

Other top-performing industries within the manufacturing sector include machinery and equipment (RM10.5 billion) (USD2.2 billion), transport equipment (RM4.6 billion) (USD1.0 billion), non-metallic mineral products (RM4.2 billion) (USD0.9 billion), and fabricated metal products (RM3.8 billion) (USD0.8 billion).

The approved investments in the manufacturing sector is expected to create a total of 26,759 potential job opportunities. Among these, a total of 10,892 (40.7%) high-impact jobs will be for the positions in management, professional/technical, supervisory, and skilled worker categories. The remaining distribution includes 10,698 (40.0%) in machine operators and assembly workers, 1,533 (5.7%) in sales, clerical, and other roles, and 3,636 (13.6%) in general workers.

Primary Sector Reflects Positive Trend

The primary sector secured RM5.3 billion (USD1.2 billion) in approved investments, constituting 4.0% of the total across sectors for the period from January to June 2023. Comprising 42 projects, it’s poised to create 347 new jobs, primarily in the subsectors of mining as well as agriculture and commodities.

Remarkably, the primary sector’s investment performance has seen an impressive surge of 22.5% compared to the previous year. Of these investments, RM3.8 billion (71.3%) originated from domestic sources, while foreign investments contributed RM1.5 billion (28.7%). The mining subsector experienced substantial growth, increasing by RM3.0 billion (150.2%), largely driven by a prominent Malaysian Government-Linked Company (GLC) subsidiary specialising in oil and gas exploration and development activities.

Doubling Efforts in Attracting Quality Investments

As of July 2023, there are a total of 860 projects with proposed investments of RM89.9 billion (USD19.8 billion) within MIDA’s pipeline. Of this proposed investments, 812 projects are from the services sector (RM26.4 billion) (USD5.8 billion), while 48 projects are from the manufacturing sector (RM63.5 billion) (USD14.0 billion), all of which fall under MIDA’s purview. In addition, a total amount of RM163.1 billion high potential investment leads are actively being negotiated by MIDA.

These proposed investments and lead projects are driven by Malaysia’s thriving digital economy, conducive innovation ecosystem and research and development (R&D), attracting companies and creating growth opportunities.

Notably, Malaysia’s competitive prowess shines on the world stage, ranking 27th in the 2023 IMD World Competitiveness Ranking. Within ASEAN, Malaysia secures an impressive second spot as the Most Competitive Country in the 2023 IMD World Competitiveness Yearbook, underscoring its enduring appeal for businesses and investors.

***THE END***

About MIDA

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

For media enquiries please contact:

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

First Half 2023 Investments Inflow into Malaysia to Generate Over 50,000 Jobs

• Through a Collaborative Agreement, MIDA demonstrates significant support for ams OSRAM in Malaysia.
• ams OSRAM continues the already announced strong investment into the design, development, and manufacture of wafer fabrication using 8-inch microLED wafers, which is under construction at Kulim Hi-Tech Park in Kedah
• The cooperation between MIDA and ams OSRAM solidifies additional employment opportunities for Malaysians in the science and technical field for the region.
• ams OSRAM has been present in Malaysia for over 50 years, with a strong manufacturing base, research and development activities, sales and marketing functions, global business center and IT service centers.

Premstaetten, Austria and Malaysia (September 11, 2023) — ams OSRAM (SIX: AMS), a global leader in intelligent sensing and emitting, and the Malaysian Investment Development Authority (MIDA) announce mutual support for the continued investment and expansion in Malaysia. Through a Collaborative Agreement, MIDA demonstrates significant support for ams OSRAM’s initiatives in Malaysia.

In 2022 ams OSRAM announced an approximately EUR 1 Bn global investment in manufacturing and R&D facilities and activities for state-of-the-art emitting technology for LED and microLED. As a testament to their commitment to Malaysia, ams OSRAM embarked on the construction of its first state-of-the-art and fully-automated 8-inch microLED manufacturing facility in Kulim, Malaysia, making the company the world’s pioneer in this arena. This facility broke ground in 2022 and the build-out and installation is progressing as planned.

Recently, in August, high level officials from the Ministry of Investment, Trade and Industry (MITI) and MIDA visited CEO Aldo Kamper at the ams OSRAM headquarters in Premstaetten, to understand the technology development approaches and the construction progress on the first fully-automated 8-inch microLED manufacturing facility for mass production in Kulim, Malaysia. Datuk Seri Isham Ishak, Secretary General, Ministry of Investment, Trade and Industry Malaysia (MITI) and Datuk Wira Arham Abdul Rahman, Chief Executive Officer, Malaysian Investment Development Authority (MIDA) accompanied by government officials visited ams OSRAM.

The Collaborative Agreement between MIDA and ams OSRAM solidifies the investment in Malaysia and a substantial number of additional employment opportunities for Malaysians in the science and technical field for the region. It also facilitates and supports ams OSRAM to carry out innovation programs in the field of technology. With the support of MIDA, ams OSRAM will continue to closely collaborate with local public research institutes, universities, colleges, and vendor development programs to advance technologies and implement use cases for Industry 4.0.

Datuk Seri Isham Ishak, Secretary General of MITI, expressed gratitude to ams OSRAM for its vote of confidence in Malaysia, stating, “ams OSRAM’s investment stands as a testament to the excellent economic partnership between Germany and Malaysia. We deeply appreciate the trust investors place in us. Malaysia’s aspiration is to become a global hub for business, innovation, and talent in advanced manufacturing aligning with our recently launched New Industrial Master Plan (NIMP2030). Given the rapid pace of change in the electronics industry, we must continuously introduce new initiatives.  MITI and MIDA are actively targeting more wafer fabrication players and their supply chains to consider Malaysia as a viable site for production. We will continue collaborating with firms like ams OSRAM to achieve mutually beneficial outcomes.”

Echoing these sentiments, Datuk Wira Arham Abdul Rahman, CEO of MIDA, remarked, “MIDA eagerly anticipates collaborating with ams OSRAM to harness Malaysia’s capabilities as a strategic supply chain hub, catering to the global market’s industrial needs. OSRAM’s new facility aligns perfectly with the type of investment Malaysia aims to attract and anchor: highly sophisticated manufacturing at the cutting edge of technology, positioning us at critical nodes in global supply chains. ams OSRAM’s investment not only aids us in achieving economic growth and creating quality jobs but also fortifies Malaysia’s R&D ecosystem. This translates to more job opportunities for local talents, spanning engineers, managers, technicians, and researchers, benefitting Malaysians across the board. MIDA looks forward to a strengthened partnership with ams OSRAM in the years ahead.”

“Enabled by the Collaborative Agreement with MITI and MIDA and our own announced investment, we are able to continue our commitment to Malaysia, a country that offers a highly-skilled workforce, excellent technology understanding and a strong commitment to safety and environmental standards,” commented Aldo Kamper, CEO of ams OSRAM. “Together with the Malaysian authorities and the people of Malaysia, we are dedicated to continue the development of cutting-edge technology and the corresponding manufacturing processes to industrialize these technologies at scale.”

In 2022, ams OSRAM celebrated 50 years in Malaysia. Over the course of this time, the company has developed a strong manufacturing base, research and development activities, sales and marketing functions, a global business center and IT service centers.

***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 ams OSRAM
 

The ams OSRAM Group (SIX: AMS) is a global leader in intelligent sensors and emitters. By adding intelligence to light and passion to innovation, we enrich people’s lives.

With over 110 years of combined history, our core is defined by imagination, deep engineering expertise and the ability to provide global industrial capacity in sensor and light technologies. We create exciting innovations that enable our customers in the automotive, industrial, and medical and consumer markets maintain their competitive edge and drive innovation that meaningfully improves the quality of life in terms of health, safety and convenience, while reducing impact on the environment.

Our around 21,000 employee’s worldwide focus on innovation across sensing, illumination and visualization to make journeys safer, medical diagnosis more accurate and daily moments in communication a richer experience. Our work creates technology for breakthrough applications, which is reflected in over 15,000 patents granted and applied. Headquartered in Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany), the group achieved over EUR 4.8 billion revenues in 2022 and is listed as ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4).

Find out more about us on https://ams-osram.com

ams is a registered trademark of ams-OSRAM AG. In addition many of our products and services are registered or filed trademarks of ams OSRAM Group. All other company or product names mentioned herein may be trademarks or registered trademarks of their respective owners.

Join ams OSRAM social media channels: >Twitter  >LinkedIn  >Facebook  >YouTube

For further information:

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

Corporate Communications
Amy Flécher Hilary
Vice President
Tel: +43 664 881 62121
[email protected]
[email protected]
ams-osram.com

Media Relations
Hilary McGuinness Fernholz
Head of PR
Tel.: +49 151 27670184
[email protected]

Malaysian Investment Development Authority (MIDA) and ams OSRAM continue mutual support for advanced LED manufacturing in Malaysia

KUALA LUMPUR, MALAYSIA – 7 September 2023 – CPL Aromas, the world’s largest fragrance-only fragrance house, is delighted to announce the grand opening of its state-of-the-art production facility in Pulau Indah, Malaysia, strategically located within the Selangor Halal Hub. The ceremony was graced by the presence of distinguished guests, including officials from the Malaysian Investment Development Authority (MIDA), Halal Development Corporation (HDC), CPL Aromas’ global staff, suppliers, agents and customers.

CPL Aromas, with a global presence spanning 18 international locations and a customer base extending to over 100 countries, takes immense pride in holding the prestigious Platinum award from EcoVadis, the world’s leading provider of business sustainability ratings. This accolade firmly positions CPL Aromas among the top 1% of companies within its category, emphasising its dedication to sustainable business practices. The establishment of the new production facility reflects the company’s commitment to business sustainability, with substantial investment directed towards enhancing Production, People and the Planet.

Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (DCEO) Promotion and Investment Facilitation of MIDA, stated in his opening speech, “CPL Aromas’ Perfumes Plant in Malaysia embodies the spirit of knowledge-intensive manufacturing activities that we are developing. This fully automated plant is not just a symbol of innovation in our industry; it showcases Malaysia’s commitment to embracing cutting-edge technology and becoming a hub for technological advancement in the region, aligning perfectly with the New Industrial Master Plan 2030 (NIMP2030).” He further added, “We aim for Malaysia to be Asia’s Lifestyle Lab – a location for consumer care companies to churn ideas, design, and develop solutions for consumers in Asia and beyond.”

Mr. Thomas Wan, CPL Aromas’s Regional Managing Director, highlighted, “The factory is equipped with the latest technology and top-of-the-line machines, equipment, and facilities. Fragrances produced meet the highest standards of quality and excellence. The state-of-the-art production facility design and streamlined process flow achieve high production efficiency. Automated Guided Vehicle (AGV)/Warehouse Management System (WMS) automated warehousing is installed to enhance the efficiency and safety of transport and storage of raw materials in the goods-in area.”

“Apart from the advanced production machines, the facility is commissioned to protect the environment and reduce carbon footprints with facilities such as solar panels, cold-storage insulated walls and ceilings, rainwater harvesting system, wastewater treatment plant, energy-saving heat pumps, LED lightings and Clean-In-Place (CIP) cleaning process,” Mr. Thomas Wan further added.

Construction of the new production facility was completed in August 2022, followed by machinery, equipment and facilities installation. Trial production started in early June 2023 with full-scale production slated for the year-end. With a land area of 20,000 square metres and a built-up area of about 10,500 square metres, the facility has reserved land for future expansion. Its strategic location near Port Klang enables seamless importation of raw materials and efficient exportation of finished goods to regional markets. All ingredients used and finished products are Halal-compliant, with ongoing efforts to attain ISO9001 accreditation and Halal certification, reinforcing the company’s unwavering commitment to exceptional quality and compliance.

Mr. Thomas Wan also highlighted that the production facility serves the Malaysian market while exporting to other ASEAN countries. Due to its high level of automation, the planned workforce for the facility is just about 50 people, with the majority in the semi-skilled and skilled workers categories. Priority is given to local talents for employment and intensive training will be provided to ensure their success in contributing to the company’s endeavours.

From left to right: Puan Azlina Hamdan (Director, Life Sciences & Medical Technology Division, MIDA), Mr. Nick Picthall, CPL Aromas, Chief Operating Officer, Mr. Thomas Wan, Regional Managing Director, CPL Aromas, Mr. Sivasuriyamoorthy Sundara Raja, MIDA, Deputy Chief Executive Officer (Investment Promotion and Facilitation), Mr. Chris Pickthall, CPL Aromas, Chief Executive Officer, Yang Berusaha Encik Hairol Ariffein Sahari, Chief Executive Officer, Halal Development Corporation, YBhg. Dato’ Mathialakan Chelliah, Advisor & Mr. Wong Chun Sin, Director, CPL Aromas (Malaysia) Sdn. Bhd.

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About MIDA

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

About CPL Aromas

CPL Aromas’ area of expertise is developing fragrances for Fine Fragrances, Personal Care, Fabric Care, Household Care and Air Care categories

Let’s Create Together

For further information, please contact: 

MIDA
Ms. Azlina Hamdan
Director, Life Sciences & Medical Technology Division
T: +603-2267 3791 | E: [email protected]

CPL Aromas
Mr. Kennedy Chua
General Manager, Malaysia Manufacturing
T: +603-3161 7128 I E: [email protected]

CPL AROMAS Announces the Grand Opening of its Fragrance Production Facility in Malaysia

Istanbul, Türkiye, 30 September 2022 – MIDA’s newest office in Istanbul is set to provide Malaysia and Türkiye new economic opportunities and drive the steady growth of Malaysia-Turkiye’s bilateral trade relations. MIDA Istanbul will serve as a gateway for aspiring Turkish investors who wishes to expand their businesses in Malaysia and vice-versa. Investors will be able to gain access to the latest information on investment policies and opportunities, joint venture partnerships or technological collaborations.

The launch of the MIDA Istanbul Office was officiated by the Malaysian Senior Minister and Minister of International Trade and Industry (MITI), the Honourable Dato’ Seri Mohamed Azmin Ali. Also present at the event were MITI Secretary General, Datuk Lokman Hakim Ali; MIDA Chief Executive Officer (CEO), Datuk Wira Arham Abdul Rahman; MATRADE CEO, Datuk Mustafa Abdul Aziz; Consul General of Malaysia in Istanbul, YM Tengku Mohd. Dzaraif Raja Abdul Kadir; President of Invest in Türkiye, Mr. A. Burak Dağlıoğlu and Mr. Catagay Ozden, Head of Department South Asian Countries, Ministry of Trade, Türkiye.

Many business opportunities await Turkish investors, particularly in the fields of machinery and equipment, aerospace, ICT, digital investment, food manufacturing including the Halal segment. Over the years, many factors have enabled Malaysia to attract quality investments, which include, its unmatched connectivity and business friendly policies. Furthermore, as Malaysia is centrally located within Southeast Asia, the country serves as the prime gateway for Turkish investors to penetrate the ASEAN market. Similarly, Türkiye is also strategically located at the crossroads of Europe, Central Asia, Middle East and North Africa. Malaysian companies could consider using Türkiye as a base to tap into the large European market as well as the emerging markets of Central Asia and the Middle East.

The Honourable Dato’ Seri Mohamed Azmin remarked,“The establishment of MIDA’s office in Istanbul serves two very fundamental and critical purposes. First, it plays an instrumental role as a gateway for businesses who wish to expand their commercial interests and investment horizons in Türkiye and beyond, including adjoining regions such as the Middle East and the European Union. This will be in tandem with Malaysia’s initiative in enhancing our cross border investments. Secondly, but no less significantly, this office will act as a magnet to draw greater investments from Türkiye and the region into Malaysia, and thereby leverage our position as a springboard for expansion in the ASEAN region and beyond.“

“Hence, the opening of MIDA’s office in Istanbul is most timely in order to fully exploit the potential upside for enhanced Turkish investments in manufacturing and services, particularly in the areas of advanced manufacturing, machinery and equipment, aerospace, digital investment, ICT and food manufacturing including the Halal segment. This is in tandem with our National Investment Aspirations (NIA). I would like to underscore that our growth policy also prioritises the imperative of ensuring that SMEs ride on the value and supply chain. These initiatives will also empower companies and businesses to automate their processes, and be cost-efficient in meeting industry demands while mitigating social and environmental impacts.“ added the Honourable Dato‘ Seri Mohamed Azmin.

In terms of Türkiye’s investments in Malaysia, as of June 2022, a total of 14 manufacturing projects were approved with total investments worth RM525.2 million (USD156.3 million). Among sectors of the approved manufacturing projects include scientific and measuring equipment, textiles and textiles products, chemical and chemical products, food manufacturing; and electrical and electronics products. Four manufacturing projects with Turkish investments worth RM377.93 million (USD111.6 million) have been implemented in Malaysia.

Meanwhile, MIDA CEO, Datuk Wira Arham Abdul Rahman in his welcoming speech, said, “Apart from helping MIDA to attract new investment opportunities into Malaysia, the country is looking for new collaborations to grow together and the launch of MIDA’s office in Istanbul will help us extend our outreach programmes with trading partners of Türkiye, which includes countries like Russia, Greece, Cyprus, Azerbaijan, Georgia and the 7 “Stan” countries in Central Asia. We also aspire to promote Malaysia’s culture, warm hospitality and other diverse elements of our country to new communities and societies.”

“I am confident that opening the MIDA Istanbul Office will further enhance bilateral trade between the two countries and cross-border investments between Türkiye and Malaysia. Turkish investors who are interested in seeking joint venture partnerships or technological collaborations with Malaysian businesses, can get all the necessary information from this office.” he also added.

In applauding the strategic partnership with MIDA, Mr. A. Burak Dağlıoğlu, President of Invest in Türkiye said, “Türkiye and Malaysia are regional business hubs for their respective regions. Over the years, Malaysian companies have invested approximately USD1 billion in Türkiye. These investments are mainly in energy, finance, infrastructure and transportation, retail, and healthcare. We also see investment potentials in technology entrepreneurship and Islamic finance. With the implementation of the Free Trade Agreement in August 2015, our total trade volume has doubled to USD3.5 billion in just six years. As we have an office operating in Kuala Lumpur, Malaysia, we are delighted to welcome our esteemed counterpart MIDA to open its office in Istanbul, Türkiye which will enhance our collaboration and partnership. This undoubtedly will contribute to the increase bilateral trade volume and investments between the two countries.”

Companies that have benefited greatly from the existing economic relations between Malaysia and Türkiye includes:

TUSAS (Turkish Aerospace Industries) Malaysia Sdn. Bhd. currently has 20 personnel and the numbers are expanding, which will hit 100 by the end of 2022. With its Malaysian office located in Cyberview, Cyberjaya, TUSAS aims to carry out new joint projects in the aerospace industry where the first project they started was the flight control computer for HÜRKUŞ Advanced Trainer Aircraft. TUSAS has also signed an MOU with UniKL and University of Malaya, where 10 students have already completed their internship programme at the Turkish Aerospace Headquarters at Ankara, Türkiye last summer.

“We have always been in contact with MIDA and they are helpful in every situation, and we are glad that they decided to launch an office in Istanbul, Türkiye. We are certain that this office will open new avenues for collaboration between Türkiye and Malaysia.” said Prof. Dr. Temel Kotil, President and CEO of TUSAS.

Meanwhile, Evyap Sabun Malaysia Sdn. Bhd. which was incorporated in 2011, is a wholly-owned subsidiary of Türkiye-based Evyap Group, a longstanding and well-established personal care product manufacturer with a strong market presence in Türkiye, Middle East and Commonwealth of Independent States (CIS) regions. Their vertically integrated oleochemicals manufacturing plant is located in Pasir Gudang, Johor Bahru.

“Evyap Group is continuing to undertake additional investments in Malaysia’s oleochemical and personal care industry, which includes specialty oleochemicals, oleic acid capacity expansion and crystal soap production line. We are also looking at potential additional investments in the region for which various options are currently being explored.” said Mehmed Evyap, Executive President of Evyap.

For the first half of 2022, Malaysia attracted a total of RM123.3 billion (USD28.0 billion) worth of approved investments in the manufacturing, services and primary sectors involving 1,714 projects for the period of January to June 2022 and is expected to create 57,771 job opportunities in the country. FDI remained the major contributor, at 70.9 per cent or RM87.4 billion (USD19.9 billion), while investments from domestic sources contributed 29.1 per cent amounting to RM35.9 billion (USD8.2 billion). With the newly launched MIDA Istanbul Office, Türkiye will no doubt contribute immensely to the socio-economic development and bring about new growth areas into Malaysia’s investment landscape.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA

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

Ms. Meltem Şimşek
Investment Officer, MIDA Istanbul
E: [email protected] I T: + 9 0533 638 72 64

MIDA Launches Its Istanbul Office As A Gateway For Malaysia-Turkey Crossflow Investments