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Smith+Nephew Opens World-Class Manufacturing Facility In Malaysia To Support Its Orthopaedics Business

Penang, 28 June 2022 – Smith+Nephew, the global medical technology company, today opened its new high technology manufacturing facility in Batu Kawan Industrial Park in Penang, Malaysia. The 250,000 square-foot facility, worth more than USD100 million in investment, will primarily support the company’s Orthopaedics business, which is expected to grow strongly in the Asia Pacific region.

The new manufacturing facility was officiated by the Chief Minister of Penang, YAB. Tuan Chow Kon Yeow, in the presence of Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) and Dr. Deepak Nath, CEO of Smith+Nephew.

Aligned to the company’s refreshed Strategy for Growth pillar to strengthen its foundation, this new facility will enable Smith+Nephew to serve customers and their patients sustainably through advanced manufacturing. Up to 800 new local jobs in manufacturing, engineering and supply chain will be created over the next few years with key roles already filled.

“Penang is pleased to be the choice location for Smith+Nephew, serving as an acknowledgement of the skilled talent, well-developed infrastructure and resilient environment the state holds. Dubbed as the Silicon Valley of the East, the state’s robust industrial ecosystem not only enables us to accelerate the breakthroughs in the electrical and electronics industry, but further entrenches our position as a medical devices hub in the region. Particularly, Penang has the highest concentrations of medical technology companies in Malaysia and Southeast Asia.” said YAB Chow Kon Yeow, Chief Minister of Penang.

Datuk Arham Abdul Rahman, CEO of MIDA congratulated Smith+Nephew on the opening of the Company’s new manufacturing facility saying, “Malaysia is very excited to host Smith+Nephew’s manufacturing production to support the company’s growing Orthopaedics franchise. This facility will be the Company’s first manufacturing venture within Southeast Asia. This demonstrates our ability in attracting renowned medical devices manufacturers into Malaysia. Smith+Nephew’s presence will also encourage growth of local companies and our medical devices industry’s ecosystem, and strengthen our reputation as an ideal med-tech manufacturing hub in ASEAN.”

Dr. Deepak Nath, CEO of Smith+Nephew said: “We are thrilled to open this new manufacturing facility in Malaysia which represents our commitment to Asia Pacific, Malaysia, our customers and their patients. It is also a critical piece of our Strategy for Growth, improving efficiency and resilience, and supports our purpose of Life Unlimited so that patients across the region and beyond can return to living life to their fullest.”

Smith+Nephew’s manufacturing facility is a frontrunner in sustainability and achieved its goal of zero waste-to-landfill four years ahead of target. In December 2021, it was recognised by the United Nations Global Compact Network for Malaysia and Brunei in the category of SDG Benchmark 4: Zero Waste to Landfill and Incineration. The American Malaysian Chamber of Commerce for Excellence in Corporate Social Responsibility also presented the team with an AMCHAM CARES award for creating long term economic and social values within the community in 2021.

Smith+Nephew also provides a bursary to students from the Penang Skills Development Centre who will be employed and trained as machinists upon their graduation at the Company.

Malaysia is well-positioned to be the manufacturing hub for the medical devices industry in Asia. Presently, Malaysia is home to over 200 manufacturers, with more than 30 medical devices MNCs producing high value-added medical devices. The second and third tiers of medical device manufacturers for parts and components of medical devices have increased opportunities for local vendors to be integrated into the global supply chain of this industry.

For 2021 alone, MIDA has approved 38 medical devices-related manufacturing projects worth RM7.68 billion (USD1.84 billion), which are expected to create approximately 12,500 employment opportunities for the country. The industry shows great promise in generating high-income jobs, increasing export value, and reinforcing the domestic supply chain ecosystem.

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About MIDA

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

About Smith+Nephew

Smith+Nephew is a portfolio medical technology company focused on the repair, regeneration and replacement of soft and hard tissue. We exist to restore people’s bodies and their self-belief by using technology to take the limits off living. We call this purpose ‘Life Unlimited’. Our 18,000 employees deliver this mission every day, making a difference to patients’ lives through the excellence of our product portfolio, and the invention and application of new technologies across our three global franchises of Orthopaedics, Sports Medicine & ENT and Advanced Wound Management.

Founded in Hull, UK, in 1856, we now operate in more than 100 countries, and generated annual sales of $5.2 billion in 2021. Smith+Nephew is a constituent of the FTSE100 (LSE:SN, NYSE:SNN). The terms ‘Group’ and ‘Smith+Nephew’ are used to refer to Smith & Nephew plc and its consolidated subsidiaries, unless the context requires otherwise.

For more information about Smith+Nephew, please visit www.smith-nephew.com and follow us on TwitterLinkedInInstagram or Facebook.

For more information, please contact:

MIDA

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

Smith+Nephew

Mr. Charles Reynolds
T: +44 (0) 1923 477314

Forward-looking Statements

This document may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue growth and trading margins, market trends and our product pipeline are forward-looking statements. Phrases such as “aim”, “plan”, “intend”, “anticipate”, “well-placed”, “believe”, “estimate”, “expect”, “target”, “consider” and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. For Smith+Nephew, these factors include: risks related to the impact of COVID-19, such as the depth and longevity of its impact, government actions and other restrictive measures taken in response, material delays and cancellations of elective procedures, reduced procedure capacity at medical facilities, restricted access for sales representatives to medical facilities, or our ability to execute business continuity plans as a result of COVID-19; economic and financial conditions in the markets we serve, especially those affecting health care providers, payers and customers (including, without limitation, as a result of COVID-19); price levels for established and innovative medical devices; developments in medical technology; regulatory approvals, reimbursement decisions or other government actions; product defects or recalls or other problems with quality management systems or failure to comply with related regulations; litigation relating to patent or other claims; legal compliance risks and related investigative, remedial or enforcement actions; disruption to our supply chain or operations or those of our suppliers (including, without limitation, as a result of COVID-19); competition for qualified personnel; strategic actions, including acquisitions and dispositions, our success in performing due diligence, valuing and integrating acquired businesses; disruption that may result from transactions or other changes we make in our business plans or organisation to adapt to market developments; and numerous other matters that affect us or our markets, including those of a political, economic, business, competitive or reputational nature. Please refer to the documents that Smith+Nephew has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Smith+Nephew’s most recent annual report on Form 20-F, for a discussion of certain of these factors. Any forward-looking statement is based on information available to Smith+Nephew as of the date of the statement. All written or oral forward-looking statements attributable to Smith+Nephew are qualified by this caution. Smith+Nephew does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Smith+Nephew’s expectations. Trademark of Smith+Nephew. Certain marks registered US Patent and Trademark Office.

Smith+Nephew Opens World-Class Manufacturing Facility In Malaysia To Support Its Orthopaedics Business


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Newly launched “Productivity Through Digitalisation – AI4S Programme Proof-of-Concept Projects Compilation” Booklet features 31 successfully completed pilot projects

Penang, 22 JUNE 2022 – As part of the Artificial Intelligence for SMEs (AI4S) Programme, the Malaysian Investment Development Authority (MIDA), Malaysia Productivity Corporation (MPC) and Intel Malaysia have collaborated to launch the “Productivity Through Digitalisation – AI4S Programme Proof-of-Concept Projects Compilation” booklet.

The launch was officiated by Datuk Hanafi Sakri, Senior Director of the Ministry of International Trade and Industry (MITI) in the presence of YAB Chow Kon Yeow, Chief Minister of Penang; Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA; Mr. Ajit Manocha, President and CEO of SEMI; and Dato’ Seri Wong Siew Hai, President of Malaysia Semiconductor Industry Association (MSIA) and Champion of Electrical & Electronics Productivity Nexus (EEPN). Also in attendance were Ms. AK Chong, Vice President of Manufacturing, Supply Chain and Operations at Intel Corporation and MD of Intel Malaysia; Dr. Mohamad Norjayadi Tamam, Director of MPC and Ms. Sarojini Ganesan, Deputy Director of the Advanced Technology and R&D of MIDA.

Datuk Arham, CEO of MIDA said, “Companies that adopt and adapt Industry 4.0-related technologies such as AI can optimise productivity and grow in the face of rapid changes in technology cycles. Hence, MIDA is committed to building a resilient and sustainable Malaysian electrical and electronics (E&E) supply chain through the development and enhancement of our very own SMEs through this AI4S Programme. This perfectly aligns with our National Investment Aspirations (NIA) in encouraging the innovative transformation of our industries through proactive and guided measures. We are undoubtedly excited to witness the future success of our SMEs in the year to come through this programme.”

Last year, a total of 100 SME companies were selected to participate in the AI4S Programme, where each company was awarded with an Artificial Intelligence (AI) kit. These SMEs underwent comprehensive technology enabling process and training to empower them to implement personalised pilot projects for their businesses to jump-start their AI technology adoption journey. Upon the completion of AI4S Programme that began in the first quarter of 2021, 31 successfully completed pilot projects have been selected to be featured in the AI4S Booklet.

The AI4S Booklet is a testament of the relevance of AI applications for business processes, including SME companies. Notably, the AI4S Programme saw 63 per cent of the participants utilised the AI kit for detection for quality assurance (QA); approximately 13 per cent integrating AI into their system for detection for traffic; another 10 per cent of the participants utilised the AI kit for on-site monitoring; another 10 per cent utilised the AI kit for detection for counting, where else the remaining four (4) per cent used the kit for entry control and recognition.

Dr. Mohamad Norjayadi Tamam, Director of MPC, is confident that the Proof-of-Concept projects featured in this booklet can serve as lessons learned in charting the transformation of their own Industry 4.0 journey. As the operation partner for this AI4S programme, MPC is in-charge of the training and implementation delivery programme management for all the five (5) training batches of the 100 companies.

Ms. AK Chong, Managing Director of Intel Malaysia, remarked “Innovation in technology has never been more important to our present and our future. For our nation to advance its global competitiveness, businesses across all sectors need to embrace technology and innovate continuously. Through this partnership with MIDA and MPC, Intel is pleased to be able to equip SMEs with skills in AI and help them create solutions for their businesses. We are confident that this experience will catalyse innovation and growth for many of the participants, and we look forward to seeing what they achieve next.”

MIDA is actively urging industry leaders and players to take the opportunity and leverage the numerous facilitations offered by the Government to embrace Industry 4.0. These include encouraging companies to undertake Readiness Assessment (RA) programme to assess their capabilities and readiness to adopt Industry 4.0 technology under the Industry4WRD initiative.

This augurs well with the Government’s push for the development of AI technology and ecosystem in Malaysia through relevant ministries and agencies in line with the National Science, Technology, and Innovation Policy (NSTIP) 2021-2030.

The policy is targeting to increase gross expenditure on R&D (GERD) per gross domestic product (GDP) to 3.5 per cent, with 50 per cent of the GERD to GDP to be contributed by experimental development. This is in addition to promoting development and adoption of local technology.

Towards this goal, the National Science Council was formed and mandated to discuss various government efforts including technology roadmaps to popularise the field of science, technology and innovation (STI) as an enabler for socio-economic stabilisation of the country in line with the Twelfth Malaysia Plan (12MP).

For more information, interested stakeholders may contact the Advanced Technology and Research and Development Division of MIDA at www.mida.gov.my.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of 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:

For more information, please contact:
Mr. Syed Kamal Muzaffa
Director, Advanced Technology and Research and Development Division, MIDA
Email: [email protected] | DL: +603 2267 6611

MIDA, MPC & Intel Malaysia’s Collaborative Artificial Intelligence For SMEs (AI4S) Programme Proves AI Application Is Relevant For SMEs


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KUALA LUMPUR – 21 June 2022 – Spotlighting critical issues including sustainability and supply chain resilience, SEMICON Southeast Asia 2022, the region’s premier gathering of the semiconductor and microelectronics industry, is opening its doors for 3-days of regional industry engagement. Returning to the Setia SPICE Convention Centre in Penang for the first time in three years due to the pandemic, the 21-23 June event will connect semiconductor manufacturing equipment companies, private and public partners, and other key industry stakeholders to explore new collaboration and growth opportunities. The opening was officiated by YAB Mr Chow Kon Yeow, Chief Minister, Penang.      

Themed Forward as One – Building A Resilient and Sustainable Electronics Supply Chain in Southeast Asia, SEMICON Southeast Asia 2022 will also commemorate Malaysia’s 50th Year of Manufacturing Excellence and celebrate Penang’s reputation as the Silicon Valley of the East, built on decades of manufacturing excellence and industrial experience.  Held physically after a two-year hiatus due to the pandemic, and after five years in Penang, the showcase brings together industry experts from around the world for critical insights into the semiconductor ecosystem, new business opportunities and collaboration.

Speaking at the opening ceremony, Ajit Manocha, CEO of SEMI said that SEMICON Southeast Asia 2022 underscores the significance of the Electrical and Electronics (E&E) industry both in Malaysia and the broader Southeast Asia region. “This is the most exciting time in the industry’s history. We witnessed unprecedented challenges with the Covid-19 pandemic, but the semiconductor industry has coped well and shown strong growth. The most important lesson from the pandemic has been how crucial semiconductors are to all facets of lives.”

“SEMICON Southeast Asia 2022 will drive conversations in this space, whilst also discussing the importance of sustainability and building stronger supply chains.”

“The accelerating digital transformation and the convergence of AI (artificial intelligence), IoT (Internet of Things), AR/VR (augmented reality/virtual reality), quantum computing, autonomous machines and many other emerging technologies will touch virtually every end market, resulting in tremendous opportunities for the semiconductor industry.”

“SEMICON Southeast Asia 2022 will drive conversations in this space, whilst also discussing the importance of sustainability and building stronger supply chains.”

The Chief Minister of Penang, YAB Mr. Chow Kon Yeow, said: “With an all-time high export value of RM364 billion, Penang topped the nation’s list in 2021. The state’s significance in the electrical and electronics (E&E) industry is well-attested as Penang accounted for over 5% of the global semiconductor sales and made up close to 60% of Malaysia’s E&E exports. Penang is also known as a regional hub for front-to-back-end equipment manufacturing, serving the needs of E&E industry along the value chain. These achievements have greatly demonstrated the state’s sustained excellence as the Silicon Valley of the East, making Penang a valuable site to host SEMICON Southeast Asia 2022.”

“2022 is also a year of celebration for Penang as we step into our 50th anniversary of industrialisation. Holding on the tagline ‘50 Years of Excellence and Beyond’, the state strives to uphold its conducive ecosystem capable of stimulating the advancement of strategic industries for the next 50 years and beyond,” Chow added.

SEMICON Southeast Asia 2022 is expected to draw more than 10,000 attendees and features two (2) themed pavilions, two (2) global pavilions, inspiring keynote presentations, and a host of technology forums to address key trends and issues in the electronics manufacturing supply chain.

Datuk Arham Abdul Rahman, Chief Executive Officer of Malaysian Investment Development Authority (MIDA) said, “MIDA is honoured to have worked with SEMI Southeast Asia since 2015 to promote and update our industry stakeholders on technological advancements. Digitalisation and expanding consumer demand for electronics will drive continuous change in the years ahead because the opportunities are boundless. As mapped out in the National Investment Aspirations (NIA), there is more space for us to grow. Developing new clusters and innovation in the existing areas will create highly skilled jobs, expand regional and global supply chains and increase our effort in bringing socio-economic development.

Malaysia is home to over 5,000 investors from more than 40 countries. In the first quarter of 2022, Malaysia continued to attract a total of RM42.8 billion approved investments, of which the Electrical and Electronics industry contributed RM19 billion with 13,700 new job opportunities.”

“MIDA will stay committed in building resilient and sustainable electronics supply chain in Malaysia and the ASEAN region. We pursue high-quality and technology-driven investments to boost socio-economic development and trade growth. Apart from local industry players, we are expanding the benefits of our manufacturing ecosystem to global businesses and brands.” added Datuk Arham.

Attendees at SEMICON Southeast Asia 2022 will experience a robust line-up of experts and thought leaders from semiconductor organisations around the world.

SEMICON Southeast Asia 2022 Highlights

  • Smart and Sustainable Manufacturing Journey will focus on state-of-the-art technologies that can increase manufacturing efficiency and world-class sustainable practices.
  • World of IoT Pavilion will highlight existing and emerging technologies and applications enabled by semiconductor innovation.
  • Technical Forums will offer insights on industry trends whilst providing networking and other information-sharing opportunities.
  • CxO Summit sessions will feature industry opinion leaders.
  • Workforce and Talent Development Pavilion will feature the largest E&E career fair and career talks by industry experts to help the industry build its talent pipeline.
  • SEMICON University Program will feature aspiring leaders from the E&E industry and a robust panel to engage in a discussion on Diversity, Equity and Inclusivity (DEI).

For more information on SEMICON Southeast Asia 2022, visit the conference website.

About SEMI

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

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.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To 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 i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

Media Contacts
Ryan Teo
SEMI Southeast Asia Pte Ltd
[email protected]
+65 9859 0883

Reshvinder Kaur (for SEMI Southeast Asia Pte Ltd)
[email protected]
+6017 275 7985

Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division, MIDA
Email: [email protected] | DL: +603-2267 3575

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

Sustainability and Supply Chain Resilience Take Centre Stage at SEMICON Southeast Asia 2022


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Paris Baguette to invest more than RM130 million towards their first Halal certified bakery manufactory in the world

KUALA LUMPUR, 17 JUNE 2022 -Paris Baguette Singapore, owned by South Korean food and beverage giant SPC Group, announced their first Paris Baguette Halal certified bakery manufacturing and distribution centre to be built in Johor, Malaysia. 

Dubbed SPC Centre, Johor, the construction is set to begin in the third quarter of this year and will involve a total investment expected to exceed RM130 million. The facility is slated to be operational in June 2023. Johor-based SPC Centre will manufacture about 100 items such as bread, cakes, and desserts to supply to Paris Baguette outlets in Southeast Asia countries including Singapore, Vietnam, Cambodia and Indonesia. The facility will also serve as a production and distribution hub to supply to future Halal markets such as the Middle East countries. Notably, the new facility is expected to create close to 100 new job opportunities. 

SPC Group Chairman, Mr. Huh Young-in said, “The SPC Centre, Johor, will act as a cornerstone of our Southeast Asia business expansion and aid in the venture into the Middle East. SPC Group is looking forward in contributing to the huge global Halal food market potential of over USD2 trillion. The new Johor-based facility will span 16,500 square metre and will be located at Nusajaya Tech Park (NTP).  NTP is a strategic location with seamless access to international airports and seaports in both Singapore and Malaysia that connects to all major cities in Asia supporting its business expansion into the Southeast Asia and Middle East region.

In addition to the strategic location and friendly business policies, Malaysia is also an ideal investment destination for us due to its Halal landscape. We will continue to invest aggressively to accelerate our global expansion.”

SPC Group also aims to build an additional global manufacturing and distribution centre in Malaysia that will expand and support the company’s production. The company will focus on the Muslim market, which accounts for 24% of the world’s population or 1.9 billion people, through its Halal certification.

Malaysia had a head start in building a well-structured Halal regulation and ecosystem. The Federal Government’s Department of Islamic Development Malaysia (JAKIM) and Halal Development Corporation Berhad (HDC) lead this dynamic industry with a vast pool of knowledgeable talent and well-established infrastructure in applying the Halal Industry Master Plan 2030.

“As pioneers in the Halal industry, we have the responsibility to continue to lead and facilitate Halal-related industries. MIDA in its capacity has facilitated 15 food manufacturing projects amounting to RM1.5 billion with dedicated Halal incentives, utilising state-of-the-art machineries and processes, creating 1,749 food-tech job opportunities in ‘ready-to-eat’ (RTE) products, bakery products, frozen food products, confectionery products, instant noodles, snack foods and processed poultry products. To strengthen the Halal F&B manufacturing further, we are delighted to welcome the SPC Group through its subsidiary Paris Baguette Logistics Sdn. Bhd. into Malaysia. We hope to continue attracting high-value players like SPC Group who support our National Investment Aspirations (NIA) by injecting new knowledge, create new job opportunities for local talent and offer more collaborative options to local vendors,” shared Datuk Arham Abdul Rahman, Chief Executive Officer of Malaysian Investment Development Authority (MIDA). 

The brand founded in 1988 has been progressively and successfully growing its presence in Southeast Asia. Expansion to markets such as Singapore, Vietnam, Cambodia, and Indonesia. In addition, Paris Baguette is engaging with potential partners to expand Paris Baguette outlets in Malaysia. The brand is also set to open its 100th store in the United States with plans to open its first flagship store in Toronto, Canada this year. The franchise is also set to further expand in China and the United Kingdom.

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About MIDA

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

About Paris Baguette

Paris Baguette, born in 1988, is a global bakery chain business and subsidiary of the SPC Group, a leading South Korean food and confectionery conglomerate. From the modest beginnings, the chain had grown steadily and grew into the No.1 bakery in Korea. From 2004, the brand started to branch out to local subsidiaries in the U.S. China, Vietnam, and Singapore and today, it owns over 4,000 units globally including 3,400 in South Korea, 440 plus outlets across the United States, China, France, Canada, and Southeast Asia becoming a truly global premium bakery brand. Its mission to satisfy cravings and taste buds of all ages and backgrounds still continous with the spirit of Sangmidang, which is to not leave a single piece of bread unchecked, is still with us 75 years later.

About SPC Group

SPC Group is a Korea-based global food company, with more than seventy years of history and experience in the Korean market with companies including SPC SAMLIP Co., LTD., Paris Croissant Co., LTD and BR Korea Co., LTD (Baskin Robbins, Dunkin’ Donuts) and 30 undisputable brands across 7,000 stores. SPC Group owns and operates brands such as Paris Baguette, Paris Croissant, Passion 5, [email protected], LaGrillia, Queens Park, Vera, StrEAT and Bizeun covering the bakery, dessert, and restaurant business worldwide.

SPC Group has successfully introduced global brands to the Korean market including Baskin Robbins, Dunkin’ Donuts, Caffe Pascucci, LINA’s, Jamba Juice, Shake Shack and Eggslut. The bakery brand, Paris Baguette, has entered markets overseas including France, the US, China, Singapore, and Vietnam with over 440 stores. In addition, SPC Group is striving to pursue its mission to make the society healthier and happier by fulfilling their social responsibilities and cooperating with stakeholders to lead a healthy food culture and grow into a Great Food company loved by the globe.

Media Enquiries:

Ms. Manjit Kaur Balkar Singh
Director, Food Technology and Resource-Based Industries Division, MIDA
Email: [email protected] | Tel: +603-2267 3509

Ms. Hanna Yoo
Marketing and Communication, Manager
Email: [email protected] l Tel: +65 8355 9095

South Korea’s SPC Group Set To Build Halal Certified Food Manufacturing Facility In Malaysia


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Penang June 14, 2022 — TF-AMD Microelectronics Sdn. Bhd. today announced plans to expand its manufacturing facility in Penang with the construction of a second site at Batu Kawan Industrial Park, Penang. With nearly RM2 billion of capital investment, the new manufacturing facility is expected to create more than 3,000 new jobs in advanced semiconductor engineering, design, and process technologies for high-performance computing solutions. The strategic expansion builds on the significant investments TF-AMD has made in Malaysia over the past 50 years that will support the company’s continued growth.

The announcement took place at a celebratory event at TF-AMD’s Bayan Lepas facility in Penang. The officials who attended and spoke at the ceremony included YAB Chief Minister of Penang, Tuan Chow Kon Yeow; Penang State Exco Trade, Industry & Entrepreneur Development, Yang Berhormat Dato Haji Abdul Halim Bin Haji Hussain; Chief Executive Officer, Malaysian Investment Development Authority (MIDA), YBhg. Datuk Arham Abdul Rahman; Executive Vice President, Chief Financial Officer and Treasurer of AMD, YBhg. Dato’ Devinder Kumar; Chairman of TFME, Mr. Shi Ming Da; and Managing Director, Corporate Vice President of TF-AMD, Mr. Neoh Soon Ee. The officials were also accompanied by Chief Executive Officer, InvestPenang, YBhg. Dato’ Loo Lee Lian and Chief Executive, Northern Corridor Implementation Authority, (NCIA) YBrs. Tuan Mohamad Haris Kader Sultan.

The Chief Minister of Penang, YAB Tuan Chow Kon Yeow said “Penang is pleased to see TF-AMD, a prominent global player in high technology assembly and test, deepening its roots in the state. With a presence that spans half a century, TF-AMD’s expansion has greatly demonstrated the conduciveness of Penang’s business environment, buoyed by its resilient supply chain, excellent infrastructure and future-proof talent pool. With TF-AMD’s wealth of knowledge and experience in the electrical and electronics (E&E) industry, I’m confident that this strategic expansion plan will provide immense opportunities for local talent development in high-performance computing solutions.”

“The State, via InvestPenang and other relevant state agencies, is committed to outpace investors’ expectations by providing continuous facilitation throughout this expansion project. Penang looks forward to another 50 strong years with TF-AMD,” Chow added.

“As one of the key eight (8) investors or famously known as “Samurai 8” that drove the industrialisation of “Silicon Valley of the East in Malaysia”, TF-AMD has been instrumental in the enormous growth of the local semiconductor ecosystem. In the last five (5) decades, TF-AMD has never ceased to consider Malaysia as part of its growth opportunity, investing across different parts of the semiconductor value chain. We are excited to know that the establishment of the manufacturing plant will also create opportunities for local companies through the vendor development programmes. This includes targeting to employ more than 3,000 additional employees predominantly from the science and technical background and develop local vendors within the next five (5) years in the areas of Industry 4.0, automation and engineering services.

Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia. Foreign investors’ confidence in Malaysia continues to grow because the nation is a haven for one of the most comprehensive ecosystems in the region; the Electrical and Electronics (E&E) and Machinery and Equipment (M&E) industries, making the country as the preferred single largest site for offshore semiconductor firms, like TF-AMD. We aspire to see more companies emulate TF-AMD’s success story by raising their bar in terms of best practices and capabilities in the near future.” said Datuk Arham Abdul Rahman, CEO of MIDA.

Chairman of TF-AMD, Mr. Shi Ming Da is truly pleased to be celebrating TF-AMD Penang’s 50th anniversary in the same year of this momentous expansion and investment. “Malaysia is endowed with outstanding geographic location, good business environment, diligent and sincere workforce, which strengthens our confidence for continued investment in Malaysia. TF-AMD has growth momentum in the semiconductor industry in becoming one of the world’s best assembly and test service providers for high-end processors. At this meaningful moment, TF-AMD is embarking on a new chapter and will be ready to make a giant leap forward. TF-AMD is fully committed to pioneering the advanced assembly and packaging business in the semiconductor industry and build an even more glorious future!”

Mr. Neoh Soon Ee, Managing Director, Corporate Vice President of TF-AMD commented “This is an exciting day for TF-AMD as it marks the beginning of a new chapter in our continued pursuit of providing excellent support to our customers with differentiated high-value engineering solutions. The new facility, spanning 1.5 million square feet and occupying approximately 14 acres, will manufacture advanced integrated circuit technology and is expected to be completed in 2023. Once completed, the facility will bring TF-AMD’s total manufacturing capacity to over 2.3 million square feet.”

“AMD has had outstanding growth in the last few years and TF-AMD has played a key role as a strategic supplier and partner in supporting our growth. We are pleased with the expansion plans for assembly, test and packaging services of our joint venture TF-AMD which will further increase the capacity and supply to support AMD’s future growth” said Dato’ Devinder Kumar, Executive Vice President, CFO and Treasurer of AMD. “Penang has played a critical role in assembly and test operations for AMD and TF-AMD for more than 50 years and we are pleased to mark another important milestone in our long-standing business presence in Penang and Malaysia.”

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

About Invest Penang
InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About TF-AMD
TF-AMD Microelectronics (Penang) Sdn. Bhd. located in Penang, Malaysia is one of the state-of-art Assembly and Test service provider for high performance computing and communication solutions. As one of the pioneer companies in Penang, our mission is to enable our global customers success with leading edge and differentiated high value packaging solutions. For more information, please visit https://www.tf-amd.com.my

For media enquiries, please contact:

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

InvestPenang
Ms. Yeoh Bit Kun / Ms. Ooi Phei Wen
InvestPenang Communication and Business Intelligence E: [email protected] / [email protected]

TF-AMD
Mr. Gary Khoo Edelman Public Relations for TF-AMD
E: [email protected] T: +60 12-932 9280

Ms. Yvonne Chee
Chief of Staff to Managing Director, CVP
E: [email protected] T: +604-252 2448

AMD
Mr. Drew Prairie
AMD Communications
E: [email protected] T: +1-512-602-4425

TF-AMD Expands its Presence in Malaysia with New Manufacturing Site


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Kuala Lumpur, 14 June 2022 – Malaysia has attracted a total of RM42.8 billion (USD10.2 billion) approved investments in the manufacturing, services and primary sectors, involving 910 projects in January to March 2022. The foreign direct investments (FDI) remained the major contributor, at 65 per cent or RM27.8 billion (USD6.6 billion), while investments from domestic sources contributed 35 per cent amounting to RM15 billion (USD3.6 billion). The approved investments for this period will create 24,906 new jobs in the country.

During the period, the manufacturing sector continued to assume an important role in driving the country’s economic recovery, accounting for more than half (70.1 per cent) of total approved investments of RM30 billion (USD7.1 billion), followed by the services sector at RM12.7 billion (USD3 billion) (29.7 per cent) and the primary sector at RM0.1 billion (USD40.4 million) (0.2 per cent).

FDI accounted for 65 per cent or RM27.8 billion (USD6.6 billion) of approved investments. Of the total investments approved, Germany dominated foreign investments for the period January to March 2022, with investments totaling RM8.9  billion (USD2.1 billion) (32 per cent), followed by Brunei RM 5.1 billion (USD1.2 billion) (18.3 per cent), the United States of America (USA) RM3.9 billion (USD0.9 billion) (14.0 per cent), Hong Kong RM3.3 billion (USD0.8 billion) (11.9 per cent), and Japan RM3.2 billion (USD0.8 billion) (11.5 per cent) of total approved FDI in the country.

For projects approved by state, five (5) major states, namely Kedah, Penang, Selangor, Sabah and Johor, contributed RM31.8 billion (USD7.6 billion) (74.3 per cent) of the total investments approved from January to March 2022.

YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) said, “Malaysia remains an attractive investment destination for global investors with the manufacturing sector maintaining its position as a key pillar of the economy for 2022 generating significant multiplier effects on the nation’s growth. Today, we are proud to have over 5,000 companies from more than 40 countries that have made Malaysia their location for manufacturing and related services operations.”

The Senior Minister highlighted that Malaysia will continue to focus on high growth and high value-added sectors which offer Malaysians exciting job opportunities. “Aligning to the Twelfth Malaysia Plan (RMK12), Malaysia has been securing new investments that position well with the country’s National Investment Aspirations (NIA) and Environmental, Social and Governance (ESG) principles. This will stand us in good stead to capture more economic opportunities. We look forward to seeing more significant growth for the second quarter of 2022,” he added.

The Malaysian Government has lined-up strategic and focused trade and investment missions (TIM) targeted to capture investments in high technology, innovation and research-driven industries that will complement the Malaysian industrial ecosystem. The recent TIM to USA in May 2022 was indeed a successful initiative that has secured RM16.52 billion (USD3.77 billion) in the committed investment for 2022. The pro-business administrative continues to be prudent and pragmatic in its policies to ensure that Malaysia’s investment climate remains attractive for businesses; not only to conduct business activities, but also expand and diversify existing operations.

Manufacturing Sector

Malaysia continues to attract high quality investments in the manufacturing sector for the period January to March 2022, reflecting the country’s competitiveness as a preferred location for investment in the region. The manufacturing sector contributed RM30 billion (USD7.1 billion), which is 70.1 per cent of the total approved investments in various sectors of the economy, compared to RM59.4 billion (USD14.3 billion) in the same period in 2021.

The approval of a megaproject was cited as the reason for the high total investment in the manufacturing sector in the first quarter 2021. The approved investment performance in the manufacturing sector in the first quarters of 2020 and 2022 followed a similar pattern if excluding the megaproject, with RM25.9 billion (USD6 billion) and RM30 billion (USD7.1 billion), respectively.

Of the total approved investments in first quarter 2022, FDI amounted RM26.8 billion (USD6.4 billion) or 89.3 per cent, while the remaining RM3.2 billion (USD0.7 billion) or 10.7 per cent were from domestic sources.

Expansion/diversification projects in the manufacturing sector showed positive developments, with a 106.8 per cent increase in total investments approved of RM19.2 billion (USD4.6 billion). Of the total approved investments, 90.6 per cent or RM17.4 billion (USD4.1 billion) was from foreign investment sources. This testifies investors’ confidence in Malaysia as a choice of location and to continue reinvestment in high-tech industries and benefit from the vibrant business environment and diversified domestic supply chain ecosystem that contributes significantly to Malaysia’s economy. In addition, these investments will increase management, technical and professional employment opportunities by 36.9 per cent compared to 28.9 per cent for the same period in 2021.

The ratio of employment opportunities for Malaysians to foreigners is 88:12, meeting the investment criteria set by MITI/MIDA to create more employment opportunities for Malaysians and reduce the dependency on foreign workers.

In terms of top-performing industries in January to March 2022, the electrical and electronics (E&E) took the lead (RM18.6 billion (USD4.4 billion), followed by petroleum products (including petrochemical) (RM5.1 billion (USD1.2 billion), non-metallic mineral products (RM1.9 billion (USD0.5 billion), chemicals and chemical products (RM1.1 billion (USD0.3 billion), machinery and equipment (RM0.7 billion (USD0.2 billion), food manufacturing (RM0.7 billion (USD0.2 billion) and paper, printing and publishing (RM0.3 billion (USD0.1 billion) and textiles and textile products (RM 0.3 billion (USD0.1 billion). These industries made up RM 28.9 billion (USD6.9 billion) (96.3 per cent) of total approved investments for the manufacturing sector.

The capital investment per employee (CIPE) ratio of the projects approved during the period was RM1,382,764 (USD329,229) compared to RM2,089,348 (USD503,457) during the same period last year.

A total of 21,666 job opportunities are expected to be created in the manufacturing sector, includes 1,086 managerial positions and 2,562 technical professionals such as engineers in the fields of E&E, mechanical, chemical, and other disciplines, reflecting the manufacturing sector’s higher value chain transition. Plant maintenance supervisors, tool and die makers, machinists, IT personnel, quality controllers, electricians, and welders are also among the 4,343 skilled craftsmen needed for the approved manufacturing projects.

Notable projects approved during the period include:

  • TTM Technologies Malaysia Sdn. Bhd. a leading U.S. based global manufacturer of printed circuit boards (PCBs), radio frequency (RF) components and RF microwave/microelectronic assemblies is investing RM550 million (USD130 million) to manufacture PCB and printed circuit boards assembly (PCBA) in Pulau Pinang. This project will further boost Malaysia’s domestic E&E ecosystem by creating high-tech jobs for Malaysians and opportunities for local vendors.
  • Petroventure Energy Sdn. Bhd. (PESB), a foreign majority owned company from Brunei will be manufacturing petroleum products in Sabah, including gasoline, kerosene, benzene, liquefied petroleum gas, acrylic, sulphur, slurry, fuel oil and diesel. This project will help Sabah’s economy to spur as the products from the refinery will create a new supply chain that will benefit many businesses. Also, the project is anticipated to create 500 potential job opportunities in the state.  

Services Sector

In the first three months of 2022, a total of 720 services projects were approved with investment valued RM12.7 billion (USD3 billion), or 29.7 per cent in the services sector compared to RM33.1 billion (USD8 billion) approved for the same period in 2021. Once implemented, these projects are expected to generate 3,219 jobs.

Based on the total approved investments for the period January to March 2022, domestic investments made up the largest portion, recording RM11.7 billion (USD2.8 billion) or 92.1 per cent of the total approved investments for the services sector, while the remaining 7.9 per cent or RM1 billion (USD0.2 billion) were from foreign sources.

The real estate sub-sector with a total approved investment of RM5.9 billion (USD1.4 billion) (46.5 per cent) leads the services sector, followed by the utilities sub-sector        RM2 billion (USD0.5 billion) (15.7 per cent), hotel sub-sector and tourism RM1.5 billion (USD0.4 billion) (11.8 per cent), financial services sub-sector RM0.9 billion (USD0.2 billion) (7.5 per cent), and global establishments sub-sector RM0.9 billion (USD0.2 billion) (7.4 per cent).

A total of two sub-sectors saw an increase in investment, namely the hotel and tourism sub-sector (581.7 per cent) and other services (70.4 per cent); and one project was approved in the health services sub-sector compared to the same period in 2021, when no approvals were recorded. This is in line with the Government’s strategy in implementing the domestic travel bubble, which aids in the growth of the hotel and tourism industries.

Primary Sector

The primary sector contributed RM169.5 million (USD40.4 million) or 0.2 per cent, of total investments approved in various sectors of the economy for the period January to March 2022 compared to RM6.2 billion (USD1.5 billion) approved for the same period last year.

Domestic investment dominated the primary sector with RM151.6 million (USD36.1 million) (89.5 per cent), while foreign investments totalled RM17.8 million (USD4.2 million) (10.5 per cent).

The agriculture sub-sector has shown a significant growth in total approved investments (RM164.2 million (USD39.1 million), up 1,327.8 per cent from RM11.5 million (USD2.8 million) for the same period in 2021. This is in line with the Securities Policy Action Plan Food 2021-2025, which was developed to strengthen the country’s supply chain and food security.

The country’s economic growth prospects for 2022 are expected to improve further, as the country transitions to the endemic phase of COVID-19 beginning April 1, 2022. According to Bank Negara, Malaysia’s economy is expected to grow between 5.3 to 6.3 per cent in 2022. Reopening international borders and the relaxation of standard operating procedures (SOPs) are expected to have a more positive impact in the country’s economic recovery.

In addition, various policies led by the Ministry, such as National Investment Aspirations (NIA), National Trade Blueprint (NTBp), New Industrial Masterplan (NIMP) and the Malaysian Digital Economy Blueprint will continue to promote investment momentum, ensuring Malaysia’s competitiveness as an investment destination of choice.

Malaysia continues to offer comparative advantages to potential investors. This is proven by the Global Opportunity Index 2022 by Milken Institute which ranked Malaysia first in emerging Southeast Asia as the country with the most potential to attract foreign investors.      

Malaysia has experienced new economic growth in 2021, with RM309.4 billion (USD74.2 billion) in approved investments in the manufacturing, services and primary sectors. Despite the unique global calamities, total FDI and DDI numbers have exceeded expectations, with stellar performance increased to 84.8 per cent from the achievement attained in 2020.

“Our efforts to keep our borders open, maintain external connectivity and ensure business continuity have given global companies the confidence to continue to site their projects in Malaysia. MITI and MIDA will continue in our efforts to identify more quality projects to be implemented in the coming years. This is something which we must strive to maintain in the years to come as the world becomes more tumultuous” added the Senior Minister.

As of 7 June 2022, there are 268 projects with proposed investments of RM14.4 billion (USD3.3 billion) in the manufacturing and services sectors that are within MIDA’s pipeline.

Moving forward, MIDA has identified 446 high-profile investment prospects including Fortune 500 companies in the manufacturing and services sectors with a combined potential investment value of RM150.4 billion (USD34.3 billion) as of 1 June 2022.     

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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 media enquiries, please contact:

Ms. Fatmah Ahmad
Director, Corporate Communications Division, MIDA
Email: [email protected] | DL: +603-2267 2428

Malaysia Records RM42.8 billion Approved Investments For The First Quarter 2022


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KUALA LUMPUR, 9 JUNE 2022 – Nextgreen Global Berhad (NGGB) held a Groundbreaking Ceremony for Phase 1B of its facility at the Green Technology Park (GTP) in Pekan, Pahang today. The ceremony was officiated by YAB Dato’ Sri Haji Wan Rosdy bin Wan Ismail, Chief Minister of Pahang. The Phase 1B facility will involve the construction of three (3) buildings that will manufacture tissue paper, animal feed and fertilisers. In terms of production, the tissue paper plant is expected to produce 10,000 metric tonnes, while the other two (2) other factories are expected to produce 30,000 metric tonness of animal feed and organic fertilisers, respectively.

The total proposed new investment for the construction of these three (3) plants is approximately RM162 million, with the breakdown as follows: –

i) Tissue Paper PlantRM 80 Million
ii) Animal Feed PlantRM 50 Million
iii) Fertiliser PlantRM 32 Million

YAB. Dato’ Sri Haji Wan Rosdy bin Wan Ismail remarked, “The State Government hopes that the investment from NGGB will attract more potential investors towards environment, social and governance (ESG) centric projects in line with the Sustainable Development Goals (SDGs) for the sustainability development of Pahang state. The State Government will always provide our support and assistance in facilitating these investments for the success of the state. Through this investment, the State Government hopes to create more job opportunities and further improve the livelihood of the community and the economy of the State.”

Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) congratulated NGGB’s Management and staff, saying “In Malaysia, the pulp and paper industries are driving towards the usage of empty fruit bunches (EFB) from palm oil as it provides abundant raw materials for the production of pulp and paper. Over the last five (5) years (2017– 2021), MIDA has approved 48 biomass-related projects amounting to RM1.24 billion. MIDA will continue to facilitate our industry players and provide the necessary support to our investors, such as NGGB in realising their sustainable and inclusive investments, that will create new industry networks, positive spill-over and creation of high-value jobs aligned with our National Investment Aspirations (NIA). MIDA hopes for more industry players to participate in producing higher value bio-based products, beyond solely exporting raw materials. This provides a solution in addressing climate change while encouraging local socio-economic development.”

YH. Dato’ Baidzawi Che Mat, Chief Executive Officer of the East Coast Economic Region Development Council (ECERDC) said, “The three new investments in Phase 1B at the GTP reflects investors’ confidence to explore investments in the ECER Region in general and Pahang in particular. The emphasis on green technology ventures in GTP is in line with the SDGs, and this has been a value-add that enhances the attractiveness of the GTP to potential investors. ECERDC, MIDA, and the State Government will facilitate and support these investors’ to efficiently execute their projects for the benefit of the local community, including their applications for the ECER Incentive Package.”

In conjunction with the groundbreaking event, a Memorandum of Understanding (MOU) was also inked between NGGB and the National Farmers Organisation (NAFAS) with the aim of developing an agriculture industry that is green, sustainable and environmentally-friendly. The MOU was signed by Dato’ Lim Thiam Huat, Managing Director, NGGB and Dato’ Haji Zamri Yaakob, Chairman of NAFAS. The MOU outline several areas of strategic collaboration, including the production of organic fertilisers, eco-friendly animal feed and viable strategic investments.

According to Dato’ Lim Thiam Huat, Phase 1B of the construction reflects the company’s continuous commitment in solidifying green technology within the country and to complete part of the GTP development plan across 410 acres in Pekan, Pahang. The strategic collaboration between NGGB and NAFAS is a vital step towards aligning our agriculture industry with the national green technology agenda that is based on the Sustainable Development Goals (SDG) and further contribute towards a competitively priced national food supply.

Furthermore, the efforts initiated through the concept of ‘zero waste’ development in the GTP will support the growth of the circular economy, which is based on the concept of production and recycling waste from factories to be converted into products such as organic fertilisers and animal feed. The GTP’s waste-to-money initiative will certainly create a sustainable corporate ecosystem for the country, particularly in light of the current global economic challenges.

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About MIDA

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

About Nextgreen Global Berhad

Nextgreen Global Berhad is a Malaysia-based investment holding company. The company is dedicated to creating a sustainable green economy by integrating the production of non-wood sustainable pulp and paper with renewable energy and zero waste technology.

The company started its operations in 1982 as a printing company, offering pre-press, press and post-press services, and currently is the first magazine and book printing company listed on the Kuala Lumpur Stock Exchange. In 2015, Nextgreen diversified its business activities to the manufacturing of renewable pulp and paper products. Nextgreen is revolutionising the pulp and paper industry by integrating the production of non-wood green pulp and paper with renewable energy and zero waste technology.

Nextgreen is currently positioning Green Technology Park (GTP) located in Pekan, Pahang, to be the largest pulp and paper producer hub in Asia.

Media Enquiries:
Ms. Manjit Kaur Balkar Singh
Director, Food Technology and Resource-Based Industries Division, MIDA
Email: [email protected] | Tel: +603-2267 3509

Mr. Mohd Syarul Razi Mohd Hazmi
Special Officer to the Director of Nextgreen Global Berhad
Email: [email protected] | Tel: +6014-537 2306

Nextgreen Global Berhad Breaks Ground For its Manufacturing Plant at Green Technology Park, Pahang


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Senai, Johor, 2 June 2022 – Insulet Corporation (Nasdaq: PODD), a US-based medical devices company headquartered in Acton, Massachusetts, has selected Gelang Patah in Johor, Malaysia for one of its manufacturing locations to produce its Omnipod® Insulin Management System. The company held the groundbreaking of its new site that will expand upon Insulet’s existing manufacturing capacity in the USA and China.

The groundbreaking event was attended by YAB Datuk Onn Hafiz Dato’ Ghazi, Chief Minister of Johor; YB Tuan Lee Ting Han, Johor State Investment, Trade and Consumer Affairs; YBhg. Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA); Mr. Charles Alpuche, Executive Vice President and Chief Operating Officer of Insulet Corporation; and representatives from other stakeholders.

Insulet’s investment was discussed during the recent Trade and Investment Mission (TIM) to the USA led by YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), which included a meeting with Insulet Corporation’s representatives in Washington DC.

In welcoming Insulet into Malaysia’s medical devices ecosystem, YB. Dato’ Seri Mohamed Azmin Ali remarked, “Insulet’s proposed investment project of approximately USD200 million in Malaysia is very much aligned with our Twelfth Malaysia Plan (12MP), which champions the medical devices industry as one of the key industries that will help propel Malaysia into the high technology trajectory, and the National Investment Aspirations (NIA) that focuses on attracting quality foreign investments into Malaysia with intensification on research and development (R&D) and new technologies. The Government recognises that companies place a high value on talent. Thus, we anticipate positive spillovers from Insulet’s endeavor, including the creation of high-income jobs for our Malaysian talents in high-tech fields, strategic local vendor development programmes particularly within our vibrant engineering support industry segment, university collaborations, as well as training and upskilling programmes for the local workforce. We will continue to strengthen the infrastructure required for Malaysia to be a “Home for Talent,” driving businesses and innovation in Asia and the world.”

Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) echoed the Senior Minister, saying, “Insulet’s entry into Malaysia is a testament of our attractiveness in bringing premium and high-tech medical devices product manufacturers into the country, consistent with our aspiration in making the country as the regional medical devices manufacturing hub to serve ASEAN as well as the rest of the world. We welcome Insulet’s global expansion and their addition to Malaysia’s ever-growing medical devices industry ecosystem. We look forward to having Insulet open up new business opportunities for technology transfer and integrating of our local vendors into its global supply chain network.”

Dato’ Dr. Badrul Hisham Kassim, Chief Executive of the Iskandar Regional Development Authority (IRDA) further highlighted, “Insulet Corporation’s new manufacturing facility not only reflects investors’ continuing confidence in Iskandar Malaysia, but their presence also emphasise our strength as a centre for manufacturing and healthcare services, which are two (2) of the nine (9) promoted sectors here. We will continue to develop and enhance local talents to support the need of our new and existing investors in Iskandar Malaysia.”

Charles Alpuche, Insulet’s Executive Vice President and Chief Operating Officer shared, “At Insulet, we are driven by our mission to improve the lives of people with diabetes globally. That is why our top priority is to ensure our customers have continued access to our Omnipod products. Johor Bahru, Malaysia offers a strategic location in the ASEAN region with excellent accessibility to ports and a qualified workforce to staff our next manufacturing facility.”

Malaysia is well-positioned to be the manufacturing hub for the medical devices industry in Asia. Presently, Malaysia is home to over 200 manufacturers, with more than 30 medical devices MNCs producing high value-added medical devices. The second and third tiers of medical device manufacturers for parts and components of medical devices have increased opportunities for local vendors to be integrated into the global supply chain of this industry.

For 2021 alone, MIDA has approved 38 manufacturing projects worth RM7.68 billion (USD1.84 billion), which are expected to create 12,498 employment opportunities for the country. The industry shows great promise in generating high-income jobs, increasing export value, and reinforcing the domestic supply chain ecosystem.

This announcement with Insulet Corporation is yet another example of how global companies in the USA base their decisions on fundamentals. This is an exciting opportunity for Malaysia, which has evolved itself as a manufacturing hub for medical devices in Southeast Asia. Supported by the nation’s strong and matured local engineering support industry, well-connected infrastructure and talented and skilled workforce, Malaysia offers vast business and investment opportunities for global medical device companies to strategically position their presence in ASEAN.

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

For more information, please contact:
Ms. Azlina Hamdan
Director, Life Sciences & Medical Technology Division, MIDA
E: [email protected]
T.: +03-2267 3791

About Insulet Corporation:
Insulet Corporation (NASDAQ: PODD), headquartered in Massachusetts, is an innovative medical device company dedicated to simplifying life for people with diabetes and other conditions through its Omnipod product platform. The Omnipod Insulin Management System provides a unique alternative to traditional insulin delivery methods. With its simple, wearable design, the disposable Pod provides up to three days of non-stop insulin delivery, without the need to see or handle a needle. Insulet’s latest innovation, the Omnipod® 5 Automated Insulin Delivery System, is a tubeless automated insulin delivery system, integrated with a continuous glucose monitor to manage blood sugar with no multiple daily injections, zero fingersticks, and is fully controlled by a compatible personal smartphone. Insulet also leverages the unique design of its Pod by tailoring its Omnipod technology platform for the delivery of non-insulin subcutaneous drugs across other therapeutic areas. For more information, please visit: insulet.com and omnipod.com.

Insulet Corporation Selects Malaysia As One Of Its Manufacturing Sites For The Production Of The Omnipod Insulin Management System


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Gamuda Land reveals Gamuda Gardens City Centre masterplan

PETALING JAYA, Selangor – Gamuda Land today hosted a ground-breaking ceremony for the country’s first Luge Activity Park by the renowned Queenstown-based leisure and entertainment operator Skyline Enterprises.

The ceremony, witnessed by Her Excellency Pam Dunn, New Zealand High Commissioner, Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (DCEO) Investment Promotion and Facilitation of Malaysian Investment Development Authority (MIDA) and Catherine Rusby, New Zealand Trade Commissioner and officiated by Ngan Chee Meng, Chief Executive Officer of Gamuda Land and Chu Wai Lune, Chief Operating Officer of Gamuda Land alongside Geoff McDonald, Chief Executive Officer, Skyline Enterprises, took place at the township of Gamuda Gardens.

The milestone ceremony marks the beginning of construction of the Skyline Luge Activity Park which will open to the public by end of 2023.

“When we create a place, we create a personality. This is because people remember the places they grow up in, places where they create lasting memories. That is why our town-making comprises mindful placemaking to create great community places where people will experience the unique personality of our towns, get a feel for the place and want to be a part of it,” said Chu Wai Lune, Chief Operating Officer of Gamuda Land.

Chu added, “By harnessing our expertise in town-making and leveraging fruitful collaboration with like-minded partners such as Skyline Enterprises for our community placemaking, today’s ceremony demonstrates how we are able to create sustainable developments which can cater to the needs and wants of people, especially ones that are surrounded by nature with ample public spaces for the community.”

Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (DCEO), Investment Promotion and Facilitation of MIDA said, “Skyline Enterprises’ decision to expand its business in Malaysia is a testament of our country’s growing positive business sentiment among the community of tourism investors. Tourism is the third-largest contributor from the services sector towards our GDP. This is due to the fact that Malaysia is one of the biggest ASEAN tourist attractions, drawing hundreds of thousands of tourists to some of the fascinating tourist destinations in Asia. In line with the National Tourism Policy 2020-2030, MIDA aims to harness the competitiveness of Malaysia’s tourism industry to attract high-value and innovative investments which empower local communities and achieve other socio-economic development objectives. MIDA will continue to facilitate and support Skyline Enterprise’s project implementation and its future expansion.”

Getting the places right to make the town work

“Skyline Enterprises is committed to growing our global operations, and we are excited to be bringing our fun-filled leisure experiences to Malaysia and to Gamuda Gardens. Gamuda Land’s development ethos is aligned to that of Skyline Enterprises in creating a sustainable future for the people and planet. The Skyline Luge Park in Gamuda Gardens will bring a different and exciting experience for our visitors. It is designed to work within the local terrain and will deliver an exciting ride from the top of the 40m elevated hill,” said Geoff McDonald, Chief Executive Officer, Skyline Enterprises.

Built on a 30,000 sqm site, the Luge Activity Park will be Skyline Enterprises fourth park in Asia with the others located in Singapore and Busan and Tong Yeong in South Korea. The park will feature the world’s first multi-cornered zipline and the country’s first ever ski lift ride.

A gravity-fuelled ride, the Skyline Luge experience is on a 600m purpose-built track with themed landscaping along the route providing an exhilarating experience for visitors. Whilst Skyline Skyride offers visitors a bird’s eye view of Gamuda Gardens and the beauty of the surrounding natural landscape, Skyline Ziplines will soar over the multi-cornered Luge tracks, for an adrenaline-pumping experience.

Gamuda Gardens City Centre – an integrated retail, leisure and commerce park

Keeping in line with targets set under Pillar 1 of the Gamuda Green Plan 2025: Sustainable Planning & Design for Construction, the 50-acre Gamuda Gardens City Centre is mindfully master-planned as an integrated retail, leisure and commerce park.

Designed with an interconnected inner courtyard space, surrounded by office buildings, residences towers and a 1-million sq. ft. regional retail-tainment mall anchored by the Luge activity park and a 50,000 sq. ft. Play Park, the masterplan emphasises bicycles over cars, with dedicated tree-lined, car-free, bicycles and pedestrian linear boulevards to encourage greener mobility around town.

“Malls have evolved to be more dynamic rather brick and mortar ones. The novel concept of a biophilic retail-tainment mall focuses on retail, al-fresco F&B and leisure activities set amidst an open-space layout that promotes better natural lighting and ventilation with good connection to nature. Keeping to the biophilic theme, we have also designed a linear park connecting the mall to the play places such as the Luge Activity Park and the Play Park, keeping everything seamlessly connected,” Chu explained.

By end of 2023, Skyline Luge Activity Park, the Play Park encompassing a good mix of wet and dry recreational rides, the linear boulevard flanked by open-air retail spaces on both sides will be ready to kick-start the vibrancy at Gamuda Gardens City Centre. Consequently, the mall will be opened in phases with tenants mix from F&B, retail, entertainment, supermarket and more supporting the community at Gamuda Gardens and its surrounding vicinity.

With a 10-year strategic blueprint in-place to make the Gamuda Gardens township into a full-fledge city to cater to the Northern corridor of the Klang Valley, Gamuda Gardens City Centre masterplan calls for an effective placemaking for quality public spaces that contributes to people’s health, happiness and well-being. These initiatives will complement the township’s residential and lifestyle components.

Gamuda Gardens is conveniently accessible via major routes including the North-South, LATAR and Guthrie Corridor Expressways and a mere 15-minutes from Kuala Lumpur.

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About Gamuda Land
Gamuda Land is the property arm of Gamuda Berhad – the monumental nation builder with a spectrum of experience and expertise in engineering, construction and infrastructure concessions based in Malaysia. Gamuda Land has over two decades of experience in developing townships, high-rise developments, country clubs and commercial real estates. Some of its high profile, award-winning projects in Malaysia include Horizon Hills, Kota Kemuning, Bandar Botanic, Jade Hills and Valencia among others; more notably, its international foothold is further strengthened by its overseas projects in Australia, Singapore and Vietnam respectively, some of which have also won numerous awards.

About Gamuda Gardens
Gamuda Gardens is an 810-acre development that ingeniously fuses lifestyle and nature in one township. Set amidst natural undulating terrain with rolling hills, where 5 cascading lakes to the 50-acre pet friendly Central Park. This township features mindful placemaking initiatives perfect for the entire family, including the Waterfront Village, Gardens Wellness, Adventure Playland, lookout points, and more. The upcoming Gamuda Gardens City Centre is a commercial and retail-tainment hub that will boost the township’s vibrancy to be the pulse of Klang Valley North.

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.

For media enquiries, please contact:
Ryan Mok
Gamuda Land
[email protected]
019-657 2177

Kimmy Foo Kit Leng
Gamuda Land
[email protected]
012-991 2719

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

Malaysia’s First Luge Attraction Breaks Ground at Gamuda Gardens


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The Facility is aimed to acquire the abilities to develop a customer support system and establish a position as a global leader in the manufacturing and assembly of cutting-edge materials in the semiconductor manufacturing equipment field.

Kedah, May 18 2022 — Ferrotec Holdings Corporation, a global supplier of materials, components, and precision system solutions, has announced its establishment of the new manufacturing facility at Kulim Hi-Tech Park, Kedah, facilitated by the Malaysian Investment Development Authority (MIDA). The plant which will be undertaking electromechanical assembly and advanced material fabrication for semiconductor equipment is designed to meet customer needs while also expanding the Group’s business globally.

The plant is expected to kickstart its operation in 2023. With a total investment expected to exceed RM500 million and at a facility of more than 80,000 square feet, the project is anticipated to create approximately 250 high-value jobs for Malaysians. As a tier 1 company supplying to MNCs in semiconductor industry, the company has committed to provide trainings to Malaysian employees at the factories in Japan and the United States.

“Ferrotec’s decision on choosing Malaysia as a destination of choice for its high-tech manufacturing facility speaks volumes of our talent readiness, strength and capability of our manufacturing and business ecosystems. Indeed, Ferrotec’s presence in Malaysia will turbocharge our local talent development and strengthen our value proposition in the global supply chain,” said Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI).

He also stressed that Ferrotec’s investment will open up greater possibilities for other global companies in the industry to follow suit and invest in Malaysia. He added that this major investment is poised to realise Malaysia’s long-term aspiration of becoming a global manufacturing hub.

In 2021, the machinery and equipment (M&E) industry received 48 approved projects worth RM1.67 billion in investment from both foreign and domestic sources. These projects are expected to generate 2,500 employment opportunities, with about 56 per cent of employees in the managerial, technical and engineering related skills. The specialised M&E for specific industries sub-sector is the largest contributor of investment for 2021, with 16 projects totalling RM592 million approved.

“Ferrotec has seen increasing demand for our products and services in Asia. With this new production facility, we expect to provide expanded capacity, improve business continuity for critical activities, and most importantly, ensure that our customers do not experience disruptions to their supplies from us,” said Eiji Miyanaga, Chief Executive Officer (CEO) of Ferrotec (USA) Corporation.

Datuk Arham Abdul Rahman, CEO of MIDA concluded “It is encouraging to know that Ferrotec, who is the key supplier to a leading global front-end wafer fabrication equipment manufacturer has decided to establish a plant in Kulim, Kedah. With Malaysia’s attractive talent pool, positive investment environment, and diversified supply chain among others, I am optimistic that Ferrotec will benefit from the spillovers the nation has created and have more to offer to its global customers.”

To continue transforming the industry, the Malaysian government encourages investors to invest in state-of-the-art technologies that can support advanced manufacturing processes across supply chains.

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About MIDA

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

About Ferrotec

Founded in 1980, on a technology core of Ferrofluid magnetic liquid and Ferrofluidic® sealing products, Ferrotec Holdings Corporation (6890 TSE Standard) is a worldwide leader in the supply of materials, components, and precision system solutions for industrial businesses. Ferrotec is a diversified world-class industrial organization with a global presence in a broad array of technology driven end markets (semiconductors, automotive, biomedical applications, smart phones, LEDs and FPDs). More information about Ferrotec’s products can be found at www.ferrotec.com.

For more information, please contact:

Ms. Zakiah Sajidan
Director, Machinery & Metal Technology Division, MIDA
E: [email protected]
T: +603-2267 3628

Mr. Tom McKee
Marketing Communications Manager
E: [email protected]
T: +1 (408)-964-7700

Ferrotec Chooses Malaysia to Expand Manufacturing Capacity to Grow Its Global Business


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Kuala Lumpur, 11 May 2022 – Indium Corporation, a US-based global materials supplier to the electronics assembly and semiconductor packaging industries, announced its investment of RM250 million (USD57 million; BNM exchange rate USD1 = MYR 4.3845) today for its expansion in Malaysia with its new manufacturing facility for its advanced solder paste and engineered solder products set to be constructed in Penang.

The new Penang-based facility, which spans 37,500 square feet will manufacture finished products such as solder pastes, fluxes, and preforms. The facility is anticipated to commence operation in two (2) phases, with solder paste manufacturing by the end of 2022 and engineered materials manufacturing in 2023. The project is also anticipated to create 88 high-value new jobs.

This investment announcement coincides with the Trade and Investment Mission (TIM) to the USA led by YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), which included a meeting with Indium Corporation representatives in Washington DC.

In welcoming Indium Corporation’s announcement, Dato’ Seri Azmin said, “As the world gradually opens its international borders following the transition to endemicity, Indium’s move to establish presence in Malaysia cannot come at a more opportune time towards ramping up our economic recovery. This is particularly so towards furthering our strength in the electronics industry through the advancement of electronics materials solutions and its larger ecosystem. Indeed, this development provides a stepping stone for our local electronics industry, in line with our National Investment Aspirations (NIA) and Environmental, Social, and Governance (ESG) goals. It is exciting that Indium is currently planning to leverage on Malaysia’s capabilities in manufacturing operations and has expressed intentions to establish a R&D innovation lab and training facility, signifying its confidence in the local ecosystem and Malaysia’s high-skilled talent. We look forward to this strategic partnership with Indium with its high value-added activities for mutually benefitting outcomes.

Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) said “The establishment of Indium’s new production facility in Malaysia is a mark of confidence in the continuous sustainable growth of the Malaysian economy, particularly in the metal industry. Driven by our NIA and supported by Malaysia’s business-friendly policies, extensive infrastructure, robust support industries and talented workforce, MIDA continuously supports our investors in becoming prominent players within the global value chain, thereby strengthening our nation’s position as a global manufacturing hub, benefiting our local industry and people. Therefore, we are honoured that Indium, which supplies a crucial component within the value chain of our well-established electronics industry, has chosen to expand its presence here. We hope to see the company grow to greater heights in the years ahead.”

Indium Corporation’s President and Chief Operating Officer, Ross Berntson enthused, “Indium Corporation is proud to continue its more than 40-year history of doing business in Malaysia with this new manufacturing facility in Penang. Supported by Malaysia’s established supply chain ecosystem for the electronics industry, this new location will allow Indium Corporation to further improve lead times for deliveries while bringing us closer to our customers in the region. We’d also like to express our thanks to MIDA for their assistance with this project.”

Penang also houses the company’s Malaysia Tech Hub, a regional centre for the development of electronics assembly expertise and customer service, as well as a logistics and manufacturing support centre.

Indium Corporation produces a diverse range of solders and solder paste products engineered to provide a solution to new and emerging challenges in the printed circuit board assembly and semiconductor manufacturing market space. The following products will be manufactured at the new facility:

●    Solder Paste: Indium Corporation’s Indium8.9HF Solder Paste Series is an award-winning, best all-around halogen-free paste that delivers superior printing and voiding performance.

●    Thermal Interface Materials (TIMs): Indium Corporation is an industry leader in high-performance solder- and metal-based TIMs for a variety of applications.

●    Die-Attach/Power Semiconductor: Indium Corporation’s proven, innovative material solutions for die-attach and power semiconductor applications are designed to increase productivity, performance, and efficiencies.

The company serves a vast array of high-tech and critical application sectors including automotive, defence, mobile, medical, power module, and thermal management.

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About MIDA

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

About Indium Corporation

Indium Corporation® is a premier materials refiner, smelter, manufacturer, and supplier to the global electronics, semiconductor, thin-film, and thermal management markets. Products include solders and fluxes; brazes; thermal interface materials; sputtering targets; indium, gallium, germanium, and tin metals and inorganic compounds; and NanoFoil®. Founded in 1934, the company has global technical support and factories located in China, Germany, India, Malaysia, Singapore, South Korea, the United Kingdom, and the USA.

For more information about Indium Corporation, visit www.indium.com or email [email protected] You can also follow our experts, From One Engineer To Another® (#FOETA), at www.linkedin.com/company/indium-corporation/ or @IndiumCorp.

For any further enquires, please contact:

Ms. Zakiah Sajidan

Director, Machinery & Metal Technology Division

MIDA

E: [email protected]

T: +603-2267 6769

Ms. Jingya Huang

Marketing Communications Manager

Indium Corporation

E: [email protected]

T: +1 (315) 381-4900

Indium Corporation Expands Presence In Malaysia With New Manufacturing Facility


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Penang, May 9, 2022 – SIMMTECH, a South Korea-based global leading manufacturer for semiconductor packaging substrate and HDI Printed Circuit Board (PCB), held the grand opening ceremony for its Malaysia-based subsidiary, SUSTIO Sdn. Bhd. in Batu Kawan Industrial Park, Penang. This new factory will be SIMMTECH’s first advanced manufacturing facility in Southeast Asia and the group’s eighth factory along with its other operations in Korea, China and Japan. SUSTIO’s factory in Penang will increase SIMMTECH’s total capacity of substrate and PCB by 20 per cent, which will immediately contribute to improve the semiconductor industry supply constraint situation which can aptly address the needs among the industry players.

The Chief Minister of Penang, the Honourable Mr. Chow Kon Yeow said “Penang is pleased to see an emergence of players along the semiconductor supply chain, enabling the State to reap a myriad of benefits from the increased robustness of its well-developed industrial ecosystem. Being the first major Korean investor from the semiconductor industry in Penang and a critical supplier for memory module PCB and substrate, the presence of SUSTIO is poised to bring greater opportunities for supply chain resiliency.”

“The State, via InvestPenang and other relevant state agencies, is committed in ensuring a versatile talent pool, supportive infrastructure and resilient industry clusters. These are among the imperatives for effective supply chain management and sustained competitiveness, all of which are believed to add value on SUSTIO’s operation in Penang,” Chow elaborated.

Ms. Lim Bee Vian, Deputy Chief Executive Officer (DCEO), Investment Development, of Malaysian Investment Development Authority (MIDA) remarked, “We would like to congratulate SUSTIO for the opening of the new factory in Batu Kawan Industrial Park. It is formidable to see more new foreign investors recognise Malaysia as an integrated global manufacturing hub for the electrical and electronics (E&E) industry and SUSTIO is one of them. It is indeed the right choice. Today’s event is a testament to Malaysia’s business and manufacturing ecosystem’s competitive edge and reputation as an ideal destination for global and regional business expansions. Through SUSTIO’s new substrate and PCB factory it could serve as an important link in driving the global E&E supply chain”.

“This project is expected to employ high-skilled workforce especially Malaysians in the field of engineering, manufacturing and quality management. The establishment of the plant will create greater opportunities for local companies through the vendor development programme in the areas of automation, supply of raw materials and quality control. This will also be a viable platform for collaboration with various local universities under the internship programme,” she added.

“We have already engaged with our key customers for the new site qualification programme and are expecting to start delivering mass volume of substrate and PCB products to the customers from the second half of this year,” said Mr. Jeffery Chun, the Managing Director of SIMMTECH SE ASIA.

“SUSTIO factory’s commencement is just in time for the new DRAM technology transition (DDR5). We will ramp up this new site mainly for our DRAM and NAND customers worldwide. We are very grateful to Malaysia’s Federal Government agency through MIDA and Penang state Government agency, InvestPenang, for their tireless support to our project. We couldn’t have navigated our project under the challenging environment without them” said Mr. Chun.

In May 2021, SUSTIO broke ground on an 18 acre site at Batu Kawan Industrial Park investing more than RM600 million. Despite the lock down, the practical construction work took only nine months to complete, and the factory is now fully equipped and ready to run mass production.

SUSTIO has already employed more than 700 workforce and it will reach its full employment of more than 1,000 employees by next year. The new Penang factory will deliver the first ‘Made in Malaysia’ semiconductor memory chip packaging substrate and module/SSD PCB, bolstering Malaysia’s semiconductor supply chain even further.

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About SIMMTECH

SIMMTECH is a business group from Korea, focusing on developing and manufacturing semiconductor packaging substrates and high value printed circuit boards. SIMMTECH was found in Korea 1987, currently listed 2 companies in KOSDAQ. SIMMTECH’s sales revenue recorded more than MYR 4 billion last year with around 4,000 employees around the world. SIMMTECH is the largest semiconductor packaging substrate and module/SSD PCB supplier in the memory chip industry and is the only manufacturer that supplies its products to all top 5 memory companies in the industry.

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into 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.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

For media enquiries, please contact:

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

InvestPenang
Yeoh Bit Kun / Ooi Phei Wen
E: [email protected] / [email protected]

SIMMTECH
Edwin Dudley
Planning Manager
T: +012 2630027 |
E: [email protected]

SIMMTECH to Deliver The First Made In Malaysia Memory Chip Packaging Substrate Through Its Malaysian Subsidiary Sustio Sdn. Bhd.


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NUSAJAYA, 29 APRIL 2022 – GDS Holdings Ltd, a leading developer and operator of high-performance data centres in China, is pleased to announce the start of construction of its hyperscale data centre campus in Nusajaya, Johor.

The development of this project is supported by the Digital Investments Office (DIO), a collaborative platform between Malaysia Digital Economy Corporation (MDEC) and Malaysian Investment Development Authority (MIDA).

In line with the DIO’s role to ease investors’ journey in Malaysia by combining MIDA’s global presence and MDEC’s subject matter expertise in the digital economy ecosystem, the DIO has been working closely with GDS Holdings to facilitate its Request for Information (RFI) during the planning phase of the project, as well as providing support to ensure smooth implementation of the overall project in Malaysia.

Ms. Lim Bee Vian, Deputy Chief Executive Officer (DCEO), Investment Development, MIDA, commended the company’s investment into the country.

“Malaysia is honoured to host GDS data centres in the country. Data centres are a key infrastructure enabler to transform Malaysia towards an advanced digital nation, paving the way for modern businesses. MIDA, through the Digital Investment Office will continue our efforts in transforming new and existing economic clusters and facilitating strategic investment partners like GDS Holdings, as digital enablers to create high income jobs and encourage digital upskilling of the local workforce and businesses,” she said. 

According to Mahadhir Aziz, CEO of MDEC, GDS Holdings’ presence in Malaysia and the construction of the hyperscale data centre will have a great positive effect towards the development of Malaysia’s digital economy.

“The new centre signifies Malaysia’s competitive advantage in attracting data centre investments, in line with our aspirations under the Malaysia Digital initiative. It also brings with it the world-class infrastructure capabilities that will further strengthen Malaysia as the digital hub of ASEAN,” said Mahadhir.

“I would also like to express my gratitude to Invest Johor and the Johor State Economic Planning Division (BPENJ) for their support and assistance for this project. Building a thriving digital economy and infrastructure takes an entire nation – MDEC will continue driving more collaborations to further develop the country’s burgeoning data centre industry,” he added.

Meanwhile, YAB Datuk Onn Hafiz bin Ghazi, Menteri Besar of Johor, said that the project will serve as a catalyst for Johor and Malaysia to emerge as a hub for data centres, as well as stimulate the development of clusters of local public computing services companies. The data centre will also help with job creation, a key priority of the state.

“The entry of GDS and its hyperscale data centre to Johor is very welcomed and timely. We see this as a validation of our state’s attractiveness as a top international and domestic investment destination. This in turn is driven by our world-class infrastructure and lifestyle offerings, as well as the state’s enduring stability. I truly hope this will be the first of many such investments and projects here,” he added.

GDS Chairman and CEO William Huang said that Malaysia is the ideal nation for the major step of the company’s regionalisation plan, thanks to its strategic location, world-class infrastructure, and access to high-skilled, multi-cultural and multi-lingual talent.

“These factors, including Nusajaya’s proximity to Johor Bahru and Singapore, will be great for existing GDS customers looking to expand in the region. We are thankful for Malaysia’s robust ecosystem in supporting our presence here,” Huang added.

The groundbreaking ceremony that was held in Nusajaya, Johor on 24 April 2022 kickstarts Phase 1 of GDS Holdings’ hyperscale data centre campus, which is expected to be completed by 2024. This marks the beginning of the Shanghai-headquartered company’s long-term investment plan into Malaysia and Southeast Asia and includes the development of a potential Phase 2 of the Nusajaya data centre campus.

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

About Malaysia Digital Economy Corporation Malaysia (MDEC)

Malaysia Digital Economy Corporation (MDEC) is the agency under the Ministry of Communications and Multimedia Malaysia leading the digital transformation of the economy for 25 years. We aim to enable a progressive, innovation-led digital economy.

MDEC will continue to lead Malaysia towards becoming a globally competitive digital nation through the development and execution of the Malaysia Digital initiative, which aims to create substantial digital economic spill-over through equitable access to digital tools, knowledge, and income opportunities. 

Predicated on a new framework built upon three primary components – Agility, Flexibility, and Relevance – Malaysia Digital is set to enhance Malaysia’s value proposition to attract digital investments, firmly establishing Malaysia as the digital hub of ASEAN. 

#SayaDigital #MalaysiaDigital

To find out more about MDEC’s Digital Economy initiatives, please visit us at www.mdec.my or follow us on: Facebook: https://www.facebook.com/MyMDEC/ Twitter: @mymdec

For media enquiries, kindly contact:

MIDA

Ms. Rosedalina Ramlan

Director, Business Services and Regional Operations Division

Email: [email protected]

DL: +603-2267 3515

MDEC

Mr. Simon Yap

Email: [email protected]

Ms. Hazel Hassan

Email: [email protected]

GDS Holdings ‘Breaks Ground’ On Hyperscale Data Centre Campus In Johor, Malaysia


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The new facility will address industry requirements for printed circuit board supply chain resiliency and regional diversification

Penang, 25 April 2022 – TTM Technologies, Inc. (NASDAQ: TTMI) (TTM), a leading U.S. based global manufacturer of printed circuit boards (PCBs), radio frequency (RF) components and RF microwave/microelectronic assemblies, held its groundbreaking ceremony today to celebrate its new manufacturing plant in Penang, Malaysia. The proposed capital investment for this plant is USD130 million (approximately RM550 million) through 2025.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YB Dato’ Haji Abdul Halim Bin Haji Hussain, Penang Exco for Trade, Industry and Entrepreneurial Development; Ms. Lim Bee Vian, Deputy Chief Executive Officer (DCEO), Investment Development, of the Malaysian Investment Development Authority (MIDA); YBhg. Dato’ Loo Lee Lian, Chief Executive Officer, InvestPenang, and Thomas Edman, President and Chief Executive Officer, TTM Technologies, Inc. were at the event. They were accompanied by Philip Titterton, Executive Vice-President and Chief Operating Officer, TTM Technologies, Inc.; and Anthony Sandeen, President, Automotive and Medical, Industrial & Instrumentation (AMI&I) Business Unit, TTM Technologies, Inc.

TTM’s expansion to Penang, Malaysia is in direct response to customer requirements for advanced technology printed circuit board (PCB) supply chain resiliency and diversification in regions beyond China. TTM selected Penang as the location for this new plant after an extensive review of multiple countries with careful consideration of investment and operating costs, customer proximity and supply chain support. Penang was also attractive due to its well-established electrical and electronics (E&E) industry ecosystem. The new plant will serve TTM’s global commercial markets including networking communications, data center computing, and medical, industrial, and instrumentation.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, congratulated TTM on achieving this milestone. “Penang is recognized as one of the major players in the global semiconductor industry, particularly in the areas of assembly & test as well as equipment manufacturing. Underpinned by its five decades of manufacturing excellence which has paved the way for sustainable industry development, the State is committed to further strengthen its industrial cluster. With PCB and substrate being an emerging subsector in Penang, I am confident that the addition of TTM will sharpen the local talent’s capability in advanced PCB technology solutions.”

“The State, via InvestPenang, strives to bolster our efforts to outpace investors’ expectations by providing continuous facilitation and utmost support along the journey. Penang welcomes TTM to be part of our robust industrial ecosystem and I look forward to establishing a long-standing relationship with TTM in years to come,” Chow added.

This state-of-the-art, highly automated plant will be built upon approximately 27 acres of industrial land at Penang Science Park. Construction is expected to take 12 to 15 months followed by equipment installations in mid-2023. Pilot production is targeted to begin in the second half of 2023, with volume production commencing in 2024 and gradually ramping up to full Phase 1 capacity in 2025. TTM expects the new plant to achieve full run rate revenue of approximately USD180 million (approximately RM761.5 million) in 2025. The factory has also been planned to support a 25 per cent upside Phase 2 expansion.

Ms. Lim Bee Vian, Deputy Chief Executive Officer (DCEO), Investment Development, of MIDA remarked, “MIDA is confident that Malaysia’s comprehensive E&E ecosystem, the capability of our local talent, and our well-developed semiconductor supply chain that supports long-term growth provide vital building blocks for investors like TTM Technologies to expand in the region. We anticipate that TTM Technologies’ project will have a ripple effect on job creation and develop our local supply chain capabilities to meet the rapidly changing requirements of our E&E industry segments while encouraging innovation in emerging fields. We believe that this groundbreaking is only  the beginning of a greater, more exciting future for  our local industry and people as well as TTM Technologies’ growth.”

Thomas Edman, President and Chief Executive Officer of TTM Technologies, commented, “This is an exciting day for TTM. Today’s ceremony marks the start of an important new chapter in our mission to support our customers with differentiated high value-add engineering and PCB product solutions on a global basis. As an early-mover into Southeast Asia for the production of advanced technology PCBs, TTM is responding to our customers’ needs for supply chain resiliency, regional diversification and growth capacity.”

“We appreciate our new working relationship with MIDA and the Penang government. Their support has been invaluable and we look forward to a long and mutually beneficial business relationship as TTM grows its business presence in Penang.” concluded Edman.

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

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

About TTM Technologies, Inc.
TTM Technologies, Inc. is a major global PCB manufacturer, focusing on quick-turn and volume production of technologically advanced PCBs, backplane assemblies and electro-mechanical solutions as well as a global designer and manufacturer of RF and microwave/microelectronic components and assemblies. TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. Additional information can be found at www.ttm.com.

For more information, please contact,

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

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

TTM Technologies Inc.:
TTM Investors

Mr. Sameer Desai
Vice President, Corporate Development & Investor Relations
TTM Technologies, Inc.
E: [email protected]
T: +1 714-327-3050

Press Inquiries
Dr. Winnie Ng
Vice President, Corporate Marketing
TTM Technologies, Inc.
E: [email protected]
T: +852 2660 4287 / +1 714 327 3000

TTM Technologies Breaks Ground at its First Manufacturing Plant in Penang, Malaysia


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Perak, 14 April 2022 – Enza Zaden Asia Sdn. Bhd., the Netherlands’ leading vegetable breeding company, announced the completion of  its first  South  East Asia Research and Development (R&D) infrastructure facility in Perak, Malaysia. This milestone expands Enza Zaden’s network in vegetable seeds research and agricultural development through its 45 subsidiaries and three joint ventures in 25 countries. The R&D facility based in Malaysia is set to cater the agriculture seed markets in 12 countries in the region and beyond, ultimately serving farmers worldwide to cultivate high quality vegetables, for the daily consumption of over 450 million people globally.

Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of Malaysian Investment Development Authority (MIDA) responded positively, “Global players are welcomed to diversify into value-added activities in agriculture and food processing industries. By leveraging Malaysia’s business ecosystem and our established local supply chain, it serves as an ideal destination for companies to establish regional production hubs while also enabling the country to fortify its agricultural-based food production. Enza Zaden’s R&D centre contributes significantly to the national aspiration to implement smart agriculture through the utilisation of agri-technology and sustainable raw materials in line with the national framework for food security and the global initiatives for plant-based proteins to reduce carbon emissions.”

“The growing opportunities in high-value food product manufacturing will facilitate the Malaysian talents in gaining knowledge on new processes and product development, apart from expanding the exports of Malaysian-made food products,” he added.

In 2016, Enza Zaden was awarded BioNexus Status by the Malaysian Bioeconomy Development Corporation Sdn. Bhd. (Bioeconomy Corporation), an economic development agency under the supervision of the Ministry of Agriculture and Food Industries Malaysia (MAFI) that provides support and facilitation to drive the biotechnology and bio-based industries in the country. Mr. Mohd Khairul Fidzal Abdul Razak, CEO of Bioeconomy Corporation commented, “Enza Zaden is the first global seed player to receive BioNexus Status in Malaysia. With the establishment of this R&D centre, we believe the company could develop innovative seed varities that are suitable for tropical climate and soil conditions. We are confident that the research outcomes from this R&D centre will benefit and uplift local farmers besides contributing to the national food security. We will continue to support the company and we look forward to their future success in adding value to the global seed industry”.

The modernisation of agricultural activities in Malaysia provides farmers with good accessibility in obtaining sustainable raw materials. Continuous research efforts in identifying and modifying seeds varieties which suit the local soil and climate conditions, are crucial to ensure ample supply of vegetables, fruits and crops across the regions. A robust local food production ecosystem would also enhance the food processing industries allowing them to better manage high imports costs and food security requirements. 

The Company’s latest investment in Sauk is built with a conducive working environment along with state-of-the-art R&D seed processing and research facilities. Mr. Jaap Mazereeuw, CEO of Enza Zaden expressed, “As part of our initiatives to serve the South East Asian farmers well, we recognised that research and breeding under local conditions are imperative in facilitating a sustainable agricultural systems. After a thorough analysis, the Enza board decided to invest in Malaysia by having an R&D farm of more than 20 hectares. We are committed to empowering many small-holder vegetable farmers across the region. We aim to provide them with solutions and opportunities and to bring a smile to their face”.

Mr. Pankaj Malik, Regional Director of Enza Zaden Asia, added, “Establishing a new office and having a dedicated team of R&D with local experience and knowledge, will help identify the needs of the local growers and the local market. This enables us to develop the best high-performing varieties, totally attuned to the local (climate) conditions”.

Enza Zaden has invested over RM100 million in Malaysia and employed more than 100 local workforce through its existing facility. The Company’s technical training contributes to the capacity building of Malaysia’s agricultural workforce, preparing them for the future ready skillsets. As part of their commitment in promoting agricultural technical knowledge among youth, Enza Zaden also provides internship opportunities for students through its partnership with local universities as well as an education sponsorship programme for students thereby assisting  the country’s  agriculture industry to flourish.

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About MIDA:

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

About Bioeconomy Corporation:

Malaysian Bioeconomy Development Corporation Sdn Bhd (Bioeconomy Corporation) is the leading economic development agency for the biotechnology and bio-based industries in Malaysia. Established in 2005, Bioeconomy Corporation is owned by the Minister of Finance Incorporated and Federal Lands Commissioner and has been under the purview of the Ministry of Agriculture and Food Industries (MAFI) since November 2018. Bioeconomy Corporation provides support, facilitation, and advisory services to nurture an enabling ecosystem of business, academic and scientific communities that drives the biotechnology and biotechnology and bio-based industries in Malaysia. These cover business, investment, R&D, human capital development, financial infrastructure, legal and regulatory framework and strategic development with government support and commitment. The Government awards the BioNexus Status to qualified international and Malaysian companies through Bioeconomy Corporation, undertaking value-added biotechnology, bio-based or life science activities. The special status bestows the companies with fiscal incentives, facilitation, and other guarantees to assist their growth. For further details, visit www.bioeconomycorporation.my

About Enza Zaden

Enza Zaden is an internationally leading vegetable breeding company from the Netherlands. The independent family business develops new varieties of more than 30 international and local vegetable crops worldwide for crops like lettuce, tomatoes, sweet peppers, cucumber, radish, and onion. The seeds of these vegetable varieties are produced and sold worldwide. By way of illustration, 460 million people worldwide eat vegetables grown from Enza Zaden seeds daily. The vegetable-breeding company invests large sums of money – thirty percent of its annual turnover – in research and development. With 45 subsidiaries on six continents, Enza Zaden is serving the farmers worldwide as per their needs.

About Enza Zaden Asia

Enza Zaden Asia develops vegetable varieties for the tropical climate. It has its regional office in Penang (Malaysia). With all facilities, the R&D (having 20 ha of terraced irrigated trial fields, several greenhouses and tunnels for breeding activities, phytopathology research, and farm support buildings), Seeds operation (with a processing plant along with 4000 cubic meters of cold room to keep seeds at optimum quality level) & marketing and sales, Enza Zaden is now ready to serve the customers in the region and to bring smiles on the faces of many smallholding farmers.

For media enquiries, please contact:

MIDA
Ms. Manjit Kaur
Director, Food Technology and Resource Based Industries Division
Email: [email protected]
Tel: +603 2267 3509

Bioeconomy Corporation
Nur Akmar Yusoff
Executive Strategic Communication
Email: [email protected]
T : +6012 690 6108

Enza Zaden Asia
Mr. Pankaj Malik
Regional Director
Enza Zaden Asia SDN BHD
Email: [email protected]


Sustaining Global Food Security: Enza Zaden Asia’s First South East Asia R&D Facility in Malaysia Extends Agriculture Seed Research for the Region And Beyond


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The game changing initiative will be phased out as Malaysia’s borders open on 1 April 2022

Kuala Lumpur, 31 March 2022 – Following the recent announcement made by YAB Dato’ Sri Ismail Sabri Bin Yaakob, Prime Minister of Malaysia, that the country is transitioning into the endemic phase, Malaysia is set to reopen its border for international travellers including business travellers effective 1 April 2022. Thus, the One Stop Centre (OSC) which was established by the Malaysian Government on 2 October 2020 to facilitate the movement of business travellers following the gradual opening of the local economy post Movement Control Order (MCO) period, will be phased out effective 1 April 2022.

This is a positive step forward to economic recovery and Malaysia’s ability to continue attracting high-value and high-impact investments. Fully vaccinated travellers may enter Malaysia without prior approval from Malaysian authorities and are not subject to mandatory quarantine upon arrival.

Drawing the curtains of the OSC’s platform for Short Term Business Travellers entering Malaysia, investors are no longer required to apply for Entry Permission and Quarantine Mandatory Exemption to the OSC platform through the Safe Travel portal (https://safetravel.mida.gov.my/).

The Malaysian Investment Development Authority (MIDA), manages the Centre, which is a collaborative effort between the Ministry of International Trade and Industry (MITI), Ministry of Health (MOH), and Immigration Department of Malaysia (IMI) to ensure the legitimacy and health status of travellers entering Malaysia. The Business Travellers Centre (BTC) at Kuala Lumpur International Airport (KLIA) was also established as a key component of the OSC to facilitate Business Travellers movement – from entry to exit point.

Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA expressed, “These initiatives were a quick response by the Government during a trying time globally to ensure Malaysia’s competitiveness and availability as an investment destination were not compromised and that the country remained open for business despite the national health emergency. Throughout its operations, the OSC and BTC facilitated a total of 3,223 companies approved for Short-Term Business Travellers, with an estimated total investment value of RM171.82 billion.”

“With the establishment of the OSC, investors’ travel requests were expedited for approval, allowing them to continue doing business in Malaysia. The initiative, with the tagline, “Welcoming Investors, Keeping you Safe”, was instrumental in facilitating high-profile foreign investment projects as investors were able to visit the country to cement their decision to invest and operate in Malaysia.” he added.

The Government through MIDA has been proactive in facilitating investors during the border closure. It will take an ongoing effort to protect public health and strengthen the Malaysian economy. MIDA commits to be responsive in undertaking innovative and aggressive investment promotion initiatives that are aligned with Malaysian investment aspirations as the country transitions to endemicity.    

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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 and YouTube channel.

For more information, please contact:

Aizah Abdullah
Director of Industry Talent Management and Expatriate Division
Tel.: + 603-2267 3529
Email: [email protected]

The Closure of the One Stop Centre (OSC) for Business Travellers


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Selangor, 18 March 2022 – Volvo Car Malaysia Sdn. Bhd., (Volvo Car Malaysia) a prominent automobile manufacturer announced the company’s electrification plan to produce its first assembled electric vehicle (EV). The company plans to manufacture the Complete Knocked Down (CKD) unit of electric vehicle (EV) at its manufacturing facility in Shah Alam, Selangor. Volvo Car Malaysia will be the first automotive brand in Malaysia that has a completed plug-in hybrid (PHEV) line for all car models.

In the Electrification Plan launching held at Petaling Jaya, Volvo Car Malaysia announced that the company will begin producing fully EV models in Malaysia. They introduced the XC40 Recharge Pure Electric model during the event. The production of this model will be the first electrification effort by Volvo Car Malaysia in the country and the company’s plans to continue leading the early automobile electrification initiative by exporting the locally assembled XC40 Recharge Pure Electric model to the ASEAN market. Moving forward, Volvo Car Malaysia plans to launch one (1) new locally assembled EV model every year beginning from 2022. This is in line with the company’s plan for going into full electrification by year 2030.

At the launching ceremony, Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) said, “The National Automotive Policy (NAP) 2020 has emphasised the need for adoption of Energy Efficient Vehicles (EEV) including EV in line with Malaysia’s commitment to reduce carbon emissions under the United Nation Framework Convention on Climate Change. The NAP has also outlined several specific initiatives to strengthen the EEV and EV ecosystem that will spur technology transfer and develop know-how for the local automotive industry to continue to thrive.

One pivotal project under the Twelfth Malaysia Plan (12MP) is the Centre of Excellence for Future Industry which operates as a high-end shared facility on the advancement of future technologies and innovations in Malaysia. This will be a key catalyst to the development of the Next Generation Vehicle, which includes EV with intelligent mobility functions, and will enhance our local industry capabilities not only in hardware but software solutions.”

The Senior Minister also added that Volvo’s move on making Malaysia one of its electrified vehicle hubs with models assembled here not only to serve the Malaysian market but also as an ideal gateway for the ASEAN market could not have come at a more opportune time. This is aligned to the Government’s pledge to drive sustainability and inclusivity as outlined in the Twelfth Malaysia Plan (12MP), with the commitment to achieve net-zero GHG emissions by 2050 earliest.

Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) echoing the Senior Minister stated, “MIDA welcomes this project and acknowledge the importance of EV as the future of mobility. Indeed, this project will encourage similar investments in line with the Government’s National Investment Aspirations (NIA) and the Environmental, Social and Governance goals. Moving forward, we hope to develop our very own EV industry and its ecosystem.”

As technology-driven trends such as diverse mobility, autonomous driving, EVs and connectivity will shape the industry over the next 10 to 15 years, the National Automotive Policy 2020 was developed to advance Malaysia as a regional leader in automotive manufacturing, engineering, technology, and sustainable development. Potential investors are welcome to make strategic investments into the areas of electric and autonomous vehicles, Next-Generation Vehicles (NxGV) and their related core and critical components such as engines, powertrains, Light and Radio Detection and Ranging (LIDAR and RADAR), Advance Driver Assistance System (ADAS), EV batteries, and battery management systems.

Charles Frump, Managing Director of Volvo Car Malaysia, said “Volvo Car Malaysia is ready to implement Volvo’s global plan for a fully electric line-up by 2030, starting with the launch of the XC40 Recharge Pure Electric model.

The XC40 Recharge Pure Electric is just one of our many steps to encourage consumers to adopt EVs for a more sustainable future. By mid-decade, Volvo aims to reduce its overall carbon dioxide (CO2) lifecycle emissions per car by 40 per cent. This means more than simply reducing tailpipe emissions – electrification is not enough. We must also reduce CO2 emissions across our operations and supply chain.”

Malaysia is the third largest automotive market in ASEAN, making the automotive industry a strategic perk of the country’s manufacturing sector. There are currently 28 manufacturing and assembly plants in Malaysia producing motor vehicles (passenger vehicles, commercial vehicles, motorcycles, and scooters); and automotive parts and components. The automotive ecosystem also encompasses research and design, product and process development, materials management, and after-sales services.

The production of the first locally assembled EV by Volvo Car Malaysia will be the catalyst to advance the automotive industry in line with the NAP 2020 and propel Malaysia to become a hub for EV in the ASEAN region.

As of 2021, MIDA has approved 36 projects within the EEV ecosystem with an approved investments amounting to RM1.9 billion. Most of the approved investments were from foreign sources amounting to RM1.1 billion (58 per cent), while the remaining of RM0.8 billion (42 per cent) were from domestic direct investments. More specifically, Malaysia secured ten (10) investment projects related to the manufacturing and assembly of electric vehicles and their components. These projects worth of RM1.2 billion investments will create more than 900 employment opportunities in the country.

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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 and YouTube channel.

About Volvo Car Malaysia
Volvo Cars established its presence in Malaysia in the early 1960s through an independent importer and distributor – Federal Auto Cars, before formally establishing Volvo Car Malaysia in 1999. Since then, Volvo Car Malaysia has gone from strength to strength and built a network of 14 dealers across the country.

The popularity and demand for Volvo cars locally had led to the establishment of the Volvo Car Manufacturing Malaysia in 1967 (previously known as Swedish Motor Assemblies), which is now Malaysia’s oldest and longest-running vehicle assembly plant. In 2016, Volvo Car Malaysia was the first market to locally assemble the XC90 PHEV outside of Sweden, which paved the way for the assembly of other Volvo PHEVs and recharge the brand’s commitment to providing a sustainable and safe driving experience. Volvo Car Malaysia sells premium-segment car models in two versions: sedans (S60 and S90) and SUVs (XC40, XC60 and XC90).

As of February 2021, it became the first automotive brand in Malaysia to offer a full range of PHEVs for all its models. In line with its global vision of becoming climate neutral by 2040, Volvo Car Malaysia is committed to bringing greater awareness on the current climate challenges to Malaysians and aims to become a leader in sustainability in the automotive industry through its product offerings, business operations, and local initiatives.

For more information, please contact:

MIDA
Mr. Nazuki Abdullah
Director, Transportation Technology Division, MIDA
Telephone: 03-2267 6688
Email: [email protected]

Volvo Car Malaysia
Ms. Elaine Ng
Telephone: +60 12-290 1108
Email: [email protected]

Volvo Car Malaysia Announced To Produce Its First Assembled Electric Vehicle (EV) In Malaysia


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Connecting dreams, empowering futures

Kulim, Kedah, 28 March 2022 – A landmark event for Malaysia and the local automotive industry today, Sime Darby and Porsche rolled out the first locally assembled Cayenne for the domestic market. The premiere took place at the inaugural launch of the first assembly facility for Porsche vehicles outside of Europe at Sime Darby’s motor vehicle production and assembly facility in Kulim, Kedah.

A testament to the long-standing and trusted partnership built for well over a decade, Sime Darby and Porsche are connecting more Malaysian Porsche fans to their dream sports car, while at the same time empowering futures by unlocking the potential of the local community and workforce. The Cayenne models with right hand drive are only available in the domestic market.

The launch was officiated by the Raja Muda of Kedah, Duli Yang Teramat Mulia Tengku Sarafudin Badlishah Ibni Al Aminul Karim Sultan Sallehuddin, with Menteri Besar of Kedah Yang Amat Berhormat Dato’ Seri Haji Muhammad Sanusi Md Nor in attendance, along with the members of the Board and Management of Sime Darby Berhad, and members of the Executive Board and Management of Porsche AG and Porsche Asia Pacific.

The local assembly facility underscores Porsche’s commitment to Malaysia as well as the ASEAN region and demonstrates Sime Darby’s dedication to expanding its high value assembly capabilities as a critical element for growth for its Motors’ business.

Sime Darby Berhad Group Chief Executive Officer Dato’ Jeffri Salim Davidson said, “We are honoured by Porsche’s continued trust in Sime Darby, as we deliver a product consistent with Porsche’s highest standards for quality, performance and driving experience. The facility, which is 100% staffed by highly skilled Malaysians, not only supports the growth of our businesses across the automotive value chain in Malaysia; but also creates a pipeline of jobs to empower the local community.”

Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG, said, “Today we have reached a new milestone, rolling out the first locally assembled Cayenne and fulfilling the sports car dream of even more Malaysian Porsche fans. Our growth strategy underlines the importance of Malaysia for Porsche as we look to expand our presence in the ASEAN region. And it demonstrates our confidence in Sime Darby as a strong partner on our side.”

Driving Sustainable Futures

“The new assembly site in Malaysia meets specific market needs and operates alongside Porsche’s established network of production sites in Europe. In particular it meets comprehensive quality standards set forth by Porsche when assembling Porsche sports cars,” said Albrecht Reimold, Member of the Executive Board for Production and Logistics at Porsche. “Additionally, the facility was built alongside our production philosophy: smart, lean and green.” Therefore, the new assembly facility is not only a benchmark in efficiency and quality, but also in sustainability.

With this in mind the local assembly facility is designed to meet high sustainability standards: on the roof, solar panels provide all the power needed for operation, and on the ground, rainwater harvesting technologies ensure wastewater is kept to a minimum.

The Sime Darby local assembly facility is staffed by a team of highly skilled and 100% Malaysian talent, all of whom have received comprehensive training from Porsche.

The assembly is further supported by a network of local suppliers and contracted service providers in the area, empowering the futures of the local community with job opportunities, upskilling prospects, and potential for further expansion.

Senior Minister and Minister of MITI, Dato’ Seri Mohamed Azmin Ali welcomed Porsche’s expansion in Malaysia and expressed that this development is aligned to the National Automotive Policy (NAP) 2020, which aims to advance Malaysia as a regional leader in automotive manufacturing, engineering, technology, and sustainable development. Sime Darby and Porsche choose Malaysia for its first assembly facility outside of Europe, signifying the company’s confidence in Malaysia’s conducive ecosystem and strength to support their long-term growth. This assembly facility in Kulim, Kedah also acknowledges the capability of Malaysia’s local talent of highly skilled engineers and technicians towards expanding their footprint in the ASEAN region.

He also said that the Government views the automotive industry as a strategic economic sector acting as a gateway to boundless precision engineering possibilities. Established automotive-producing nations have demonstrated the vibrancy of the global supply chain’s development, which has been instrumental in the substantial growth of creating jobs and skilled workforce as well as generating many business opportunities for Small and Medium Enterprises.

Datuk Arham Abdul Rahman, MIDA CEO further concurred, “This new assembly facility in Kulim indicates Porsche and Sime Darby’s assured commitment and trust in the Malaysian business ecosystem, especially in assembling OEM parts and devices. The Malaysian Government will strive to build a conducive environment for the foreign and domestic industry leaders to do business in Malaysia given the nation’s readiness to provide long term business opportunities and connect to capable technology partners. With Porsche’s reputation as a high-performance car manufacturer that demands state-of-the-art technology and precision engineering, this partnership is indeed strategic to our efforts to promote and enable high-value; high-technology; knowledge, capital and skill-intensive; as well as high income employment to solidify Malaysia’s position as a competitive and profitable investment destination.”

In 2021, MIDA has approved 36 projects within the Energy Efficient Vehicle (EEV) ecosystem, amounting RM1.9 billion. Majority of the approved investments were from foreign sources, amounting to RM1.1 billion (58 per cent), while the remaining RM0.8 billion (42 per cent) were from the domestic direct investments.

Locally Assembled, World-Class Quality

The Porsche Cayenne has long been the symbol of Porsche’s broadening horizons, appealing to new customer segments by combining an elegant interior and unparalleled comfort with robust dynamism and functional off-road abilities.

Today, it becomes another symbol of Porsche’s global expansion, as the first locally assembled Cayenne rolled off the assembly line of Sime Darby’s facility for Porsche.

The locally assembled right hand drive Cayenne comes with an elevated and enhanced standard equipment range specified exclusively for the Malaysian market, with a specially- curated Porsche Exclusive Manufaktur option package and a special Porsche Design timepiece available for further personalisation. A wide range of lifestyle-oriented Tequipment accessories are also available on request.

The inaugural launch of this new local assembly facility for Porsche forms the latest highlight amid numerous exciting developments in the country: Porsche Malaysia recently announced the first high performance enroute charging network in partnership with Shell which will be finalized this year; a new Porsche Centre in Johor Bahru, complementing the existing facilities in Kuala Lumpur and Penang, is also scheduled to open later this year.

Find out more about the Cayenne at your nearest Porsche Centre, at mycayenne.online or visit www.porsche.com.my for more information.

About Sime Darby Berhad
Sime Darby Berhad is a partner of choice for the world’s best brands in the Industrial and Motors sectors. We deliver sustainable value to our stakeholders through operational ex- cellence, high performance standards and good corporate governance. Founded in 1910, Sime Darby Berhad today has a workforce of approximately 20,000 employees and a pres- ence in 19 countries across the Asia Pacific region. It is listed on the main market of Bursa Malaysia with a market capitalisation of RM15.53 billion (USD3.71 billion) as at 27 March 2022. For more information, please visit www.simedarby.com.

Sime Darby Berhad
Group Communications
Tan Yee Pheng
E-Mail: [email protected]

About Sime Darby Auto Performance Sdn. Bhd.
Sime Darby Auto Performance (SDAP) is a subsidiary of the Motors Division of Sime Darby Berhad. SDAP has been the authorised importer of Porsche in Malaysia since 2010, and distributes Porsche vehicles and parts, as well as provides after sales services for Porsche vehicles in Malaysia through its three Porsche Centres nationwide, namely Porsche Centre Ara Damansara, the largest Porsche Centre in a single facility within Asia Pacific, Porsche Centre Sungai Besi and Porsche Centre Penang. Porsche Centre Johor Bahru is slated to be launched in Q3 2022.

For media queries, kindly contact
Sime Darby Auto Performance Sdn. Bhd.
Public Relations and Media
Shammi Chung
E-Mail: [email protected]

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

For media queries, kindly contact:

MIDA
Mr. Nazuki Abdullah
Director, Transportation Technology Division, MIDA
Email: [email protected]
Tel: 03-22676688

Sime Darby and Porsche roll-out first locally assembled Cayenne at launch of first assembly facility outside Europe     


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SELANGOR, 23 MARCH 2022 – Sensata Technologies, held a groundbreaking ceremony for a new Green Certified building in Malaysia, increasing manufacturing floor space by 40,000 square feet, bringing the total manufacturing space to nearly 275,000 square feet.

Sensata Techologies is a publicly-traded company (NYSE:ST) and a leading manufacturer of sensors, electrical protection components and sensor-rich solutions with operations globally. Sensata Technologies Malaysia first started operations in Kuala Lumpur as part of Texas Instruments (TI) Malaysia in 1974. Texas Instrument’s Sensors & Controls (S&C) Division separated from TI in 2006, and the S&C operations became part of the stand-alone Sensata Technologies business.  Since 2006, the Company has been manufacturing world-class products in Malaysia for a number of customers and has steadily grown in terms of securing more product portfolios, establishing an on-site mechanisation team and venturing into automated manufacturing.  

Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) welcomed Sensata Technologies’ expansion in Malaysia, saying, “Sensata Technologies is no stranger in the global electrical and electronic (E&E) industry; and the company’s objectives complement MIDA’s continued efforts in encouraging economic transformation in developing talents for the increasingly digital industrial landscape. Sensata Technologies’ decision to set-up its operations is a testimony of its continued confidence in Malaysia’s business ecosystem as the project looks to further expand its customer and commercial base. This complements the Government’s effort to spur socio-economic development to the local vicinities; and indeed is a “win-win” situation for both the company and our country in line with our National Investment Aspirations (NIA).”

Sensata Technologies has invested approximately RM790 million in Malaysia and will invest an additional RM510 million within the next five (5) years to expand its technology offering and manufacturing capacity. This added floor space will provide the necessary room to grow the Sense Element Assembly (SEA) which is a key component for sensors used in the industry, Electric Vehicle (EV) growth and state-of-the-art manufacturing facilities, which require class 10K cleanroom facility and robotics.

“In addition to technological advancements, we will also be creating value for people in the community by creating more than 500 new job opportunities. We will also be more integrated in our supply chain by collaborating with local Small Medium Industry (SME) on state of the art sensors assembly as we know that there are many SMEs in our region who have the technology we need at much more reasonable cost,” said Vijay Jayaratnam, General Manager, Sensata Technologies Malaysia.

Malaysia successfully recorded a breakthrough in approved investments for 2021, amounting to RM306.5 billion in the manufacturing, services and primary sectors. The manufacturing sector continued to be the mainstay of Malaysia’s economy, with approved investments of RM195.1 billion in 2021, compared with RM91.3 billion in 2020, a significant increase of 113.7 per cent. E&E remained a leading industry, receiving 94 projects worth RM148 billion.

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The artistic design of Sensata Technologies Malaysia with the New Building 4 from the main entrance.

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

About Sensata Technologies
Sensata Technologies is a global industrial technology company striving to create a cleaner, more efficient, electrified and connected world. Through its broad portfolio of sensors, electrical protection components and sensor-rich solutions which create valuable business insights, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 21,000 employees and global operations in 13 countries, Sensata serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets. Learn more at www.sensata.com and follow us on LinkedIn, Facebook and Twitter.

For further enquiries, please contact:

MIDA:
Domestic Investment Division

Sukri Abu Bakar (Mr.)
+603 2267 3685
[email protected]

E&E Division
Noor Suziyanti Saad (Ms.)
+603 2267 3575
[email protected]

Sensata Technologies:
Media Contact

Leila Beardsmore
(805) 452-2165
[email protected]

Corporate Media Contact:
Alexia Taxiarchos
(508) 236-1761 [email protected]

Sensata Technologies Expands Manufacturing Presence in Malaysia With a New Green Certified Building


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Selangor, 15 March 2022 – Xin Hwa Holdings Berhad (“Xin Hwa”), a domestic integrated logistics service provider organised an official launch of its E-Fulfilment Centre in Shah Alam, Selangor today. The occasion was officiated by YBhg. Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA, Mr. Ng Aik Chuan, Managing Director of Xin Hwa together with Mr. Kok Poh Fui, Executive Director of Xin Hwa. Xin Hwa is a publicly traded company that was listed on the Main Market of Bursa Malaysia in 2015. They offer a complete range of services including land transportation; warehousing and distribution; freight forwarding and customs brokerage; manufacturing and fabrication of trailers; and containers haulage services.

This centre strategically located along the ELITE Highway, comprises of a 7-storey office and a 3-storey warehouse with a total built-up of 300,000 square feet. It is a purpose-built building specially designed to facilitate e-commerce logistics and to support the booming e-commerce market, which entails high volume and smaller-sized packages in general. This facility is part of Xin Hwa’s warehouse capacity expansion strategy which aims to capitalise on rising demand for warehousing space as a result of supply chain interruptions and the growth of online trading activities. More importantly, this establishment will create more high-value job opportunities for Malaysians while also providing the country an ideal platform to facilitate the rapid growth of e-commerce.

Congratulating Xin Hwa, Datuk Arham Abdul Rahman, CEO of MIDA said “We continue to facilitate Malaysian logistics companies in their forays into the e-commerce business, mainly through the e-Fulfillment segment. On the other hand, to cultivate the development of Malaysia’s logistics industry, we introduced specialised facilities such as the Integrated Logistics Services (ILS) and the International Integrated Logistics Services (IILS) incentives. The IILS had been fulfilling its aim of enabling integrated logistics companies to obtain a freight forwarding license and to go global. In 2021, 20 ILS projects with a total investment of RM1.7 billion were approved, creating over 2000 job opportunities.”

Datuk Arham also added “MIDA is confident that the ongoing engagement between the public and private sectors will accelerate the development of Malaysia’s logistics and e-commerce ecosystems. Our goal is to create more business and job opportunities to increase the overall wealth and prosperity of the country.”     

The launch of the Shah Alam E-Fulfilment Centre is timely for the Malaysian Logistics industry due to the prevailing warehousing space shortage stemming from consumers’ shift to online shopping, which is exacerbated by supply chain disruptions. With Malaysia being positioned to be a well-established regional distribution centre (RDC), the E-Fulfilment centre can further enhance the capabilities of the e-commerce logistics hub for the Asia Pacific market and would undoubtedly be able to play a role in accelerating the efficiency of Malaysia’s transportation and storage system and supporting the Government’s objective.

Xin Hwa offers both bonded and non-bonded warehousing options through its eight (8) warehouses, five (5) of which are in Johor and the each of the remaining three (3) in Klang, Kuantan and Shah Alam respectively. Currently, the company has an adequate storage capacity of about 1.2 million square feet.

Meanwhile, Managing Director of Xin Hwa Holdings Berhad Mr. Ng Aik Chuan said “We would like to extend our deepest appreciation to the Malaysian Government and MIDA for their efforts in providing comprehensive support to the development of the logistics industry. This in turn enables us to execute our investment projects effectively and be part of the solution in enhancing Malaysia’s value proposition in the global logistics network. Moving forward, we aim to ride on the strong recovery in the logistics industry as the country progresses towards endemicity and reopen the international borders. In this regard, we have already planned for further investment to continue expanding our logistics and warehousing capacity and look forward to working together with MIDA to realise these plans.”

Malaysia’s e-commerce industry is one of the fastest expanding in Southeast Asia, making it a highly appealing market to enter.  In 2021, MIDA recorded a total of 20 ILS projects with approved investments of RM1.7 billion, creating over 2000 job opportunities. 

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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 and YouTube channel.

About Xin Hwa 

Xin Hwa Holdings Berhad is listed on the Main Market of Bursa Malaysia Securities Bhd. The Group is an integrated logistics service provider, offering a complete range of services including land transportation; warehousing and distribution; freight forwarding and customs brokerage; manufacturing and fabrication of trailers; container haulage services. Land transportation is the Group’s core expertise with strong capability in handling cargo transportation, project cargo involving oversized and over-weight structures across Peninsular Malaysia as well as cross-border between Peninsular Malaysia and Singapore. Xin Hwa’s warehousing and distribution services complements its land transportation services.

For more information, please contact:

MIDA
Ms. Habibah Enok
Director, Oil and Gas, Maritime and Logistics Services Division, MIDA
Telephone: 03-2267 3539
Email: [email protected]da.gov.my

Xin Hwa Holdings Berhad
Mr. Brian Chin
Investor Relations
Telephone: 012-355 3683
Email: [email protected]

Xin Hwa, a Domestic Integrated Logistics Service Provider Invested Approximately Rm100 Million to Establish an E-Fulfilment Centre in Shah Alam


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Kota Bharu, 12 March 2022 – ROHM-Wako Electronics (Malaysia) Sdn. Bhd. (RWEM), a major Japanese electronics maker, announced that it is expanding its electronic components facility in Kelantan with a total investment of RM910 million. This investment is expected to create high-skilled jobs for over 340 Malaysians. It is the single biggest investment ever made by the company which uniquely positions Malaysia as a key hub for the semiconductor and automotive global value chains.

YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), in response to the announcement said, “It is noteworthy that the establishment of the manufacturing facility in Malaysia is a strategic decision by Rohm-Wako Electronics to build long-term presence in the ASEAN region. Indeed, this vital expansion signifies the company’s confidence in the capability of our local talent of highly skilled engineers and technicians. The investment performance of ROHM-Wako Electronics in Malaysia is most encouraging, with this new manufacturing facility generating employment opportunities for local talent, contributing to the economic upliftment of the community as well as boosting commercial development in the state. This expansion project is in line with the National Investment Aspirations (NIA) to make Malaysia a strategic investment hub.”

Echoing the Senior Minister, Datuk Arham Abdul Rahman, the Chief Executive Director (CEO) of the Malaysian Investment Development Authority (MIDA) remarked: “MIDA looks forward to welcoming other potential partners to leverage Malaysia’s capability as a supply chain hub to serve the industrial needs of the global market. The company’s expansion is poised to strengthen the country’s position in the global value chains. It is also expected to promote high-skilled jobs and ensure that Malaysia’s industries remain resilient and competitive.”

“The expansion is vital for our company’s continuous business and innovation growth, and with the Malaysian plant having skilled and reliable workforce, we are confident that we have made the right decision to continue investing in this country.” said RWEM President, Mr. Hideki Hashimoto.

The new building, which will be constructed within the RWEM premise, will serve the purpose of responding to the strong demand for semiconductors and promoting multi-site production system of analog Large-Scale Integrations (LSIs) and transistors in line with the Business Continuity Management (BCM). The construction of the new building will ultimately increase the overall production capacity by approximately 1.5 times.

The construction of the new facility, which is expected to have a 3-story building with a total floor area of 29,580 square meters, is envisaged to begin in Q1 2022 and be completed in August 2023. The new building will be equipped with various energy-saving technologies to reduce the environmental impact, expected to reduce CO2 emissions by approximately 15%. This will eventually strengthen the BCM system by adopting various disaster-proof measures with up-to-date technologies.

The expansion will provide capacity for additional component of Wide Line Transistor and Gate Driver Integrated Circuit, mainly used for electric vehicles (EVs) and hybrid cars. These components will also apply to the company’s existing production of discrete semiconductors such as diodes, light emitting diodes and laser diodes used in a wide arrange of electronic consumer products such as audio and video, TVs, laptops as well as mobile phones. This is in line with Malaysia’s National Automotive Policy (NAP) 2020 which focuses on the development of new technologies in future mobility areas.

***

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

About ROHM CO. LTD.
ROHM Co., Ltd. engages in the design and manufacture of integrated circuits and other electronic components. It operates through the following segments: LSI Integrated Circuits, Discrete Semiconductor Devices, Module and Others. The LSI Integrated Circuits segment includes analog ICs, logic ICs, memory ICs, ASICs, and foundry business operations. The Discrete Semiconductor Devices segment covers diodes, transistors, light-emitting diodes, and laser diodes. The Module segment produces power modules that include print head and optical modules. The Others segment deals with resistors, tantalum capacitors, power modules, and lighting products. It also develops large scale integrated (LSI) scanner engines designed specifically for cordless hand-held scanners. The company was founded by Kenichiro Sato in December 1954 and is headquartered in Kyoto, Japan. For more information, please visit http://www.rohm.co.jp

For more information, please contact:

MIDA
Azlina Hamdan (Ms.)
Director, E&E Division, MIDA
+603-2267 3791| [email protected]

ROHM -Wako Electronics (Malaysia) Sdn. Bhd.
1. Tan Shee Nee (Ms.)
2. Kang In Wei (Ms.)
+6017979 5303 | [email protected]

ROHM-Wako to Increase Production Capacity In RM910 Million New Kelantan Facility


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Pulau Pinang, 9 March 2022 – Applied Engineering Technology (M) Sdn. Bhd.   (AETM) organised a grand opening ceremony for its manufacturing plant in Batu Kawan Industrial Park, Pulau Pinang today. The ceremony was officiated by Deputy Chief Minister 1 of Penang, YB. Dato’ Ir. Haji Ahmad Zakiyuddin bin Abdul Rahman and attended by Government officials including Madam Lim Bee Vian, Deputy CEO of Malaysian Investment Development Authority (MIDA) (Investment Development) and Dato’ Loo Lee Lian, CEO of InvestPenang.

Established in May 2021, AETM is a joint venture company between US-based Applied Engineering (AE) and its Malaysian counterpart, QES Manufacturing Sdn. Bhd. (QES). Together, they will provide high-tech electromechanical contract manufacturing services, from prototyping to high volume production. Notably, AETM is AE’s first offshore operation outside of the United States.

Congratulating AETM, Dato’ Ahmad Zakiyuddin Abdul Rahman, Deputy Chief Minister 1 of Penang said “Penang’s dynamic industry cluster allows companies that set foot here to enjoy overarching benefits, which include supply chain resiliency and operational advantage. Importantly, the talent pool is equipped with strong engineering expertise that enables companies here to perform high value-added activities and increase participation in the global value chain.” 

“The significance of Penang in the regional and global scale is well attested, Penang accounted for over 5 per cent of the global semiconductor sales and serves as one of the most thriving regional hubs for equipment manufacturing, as well as medical technology industries. Leveraging Penang state as a springboard, I am confident that Applied Engineering Technology could seize tremendous opportunities arising from the technology advancement and global megatrends.”  

Meanwhile, Madam Lim Bee Vian, Deputy CEO (Investment Development), MIDA stated, “This grand opening ceremony is a very significant milestone after the joint venture partnership was established in 2021. It is a parallel testament to global investors’ confidence in Malaysia as a preferred investment destination, as well as the capability and readiness of local companies to support high profile business ventures and activities.” She expressed confidence that having Applied Engineering Technology’s (AETM) technology and expertise here in Malaysia will enhance the value of talent and skilled human capital development in the country, which is in line with our National Industry 4.0 aspirations. Local job seekers, particularly those with an engineering background will benefit greatly from the transfer of technology by working hands-on with the experts at AETM.

“Local suppliers would also benefit from increased business, particularly in the areas of automation equipment design. This in turn can assist local suppliers in meeting international standards and integrate themselves into the global value chain.” Madam Lim added.

The Batu Kawan manufacturing plant, which has a factory floor space of approximately 20,000 square feet, is expected to begin servicing customers in April 2022. Currently, AETM has successfully obtained MIDA’s manufacturing licence as well as business licence from the local authority. AETM has also received a Manufacturing Warehouse Licence (LMW) from the Royal Malaysian Customs Department in February 2022.

Speaking at the event, the President of Applied Engineering Inc. Jack Yao added, “We truly appreciate the partnership with QES. We will work in the best way possible to ensure the success of this joint venture. Batu Kawan is a great place for manufacturing companies, and we are glad to be able to cement a mark in this area. The markets served under this endeavour include semiconductor/display capital equipment, medical technology, industrial automation, aerospace, and emerging technology. We are confident that the ASEAN market will benefit from this partnership.”

Meanwhile, the Managing Director and President of QES Group Berhad Chew Ne Weng said, “Today marks a momentous step forward in our joint venture with AETM. We thank the Deputy Chief Minister 1 of Penang for taking time out of his busy schedule to officiate our event. We look forward to kickstarting our joint venture’s manufacturing operation in Batu Kawan, Pulau Pinang.

Aside from our manufacturing facility, we have invested heavily in talent building. From November 2021 to January 2022, we have sent key staff members and technicians to AE San Jose for knowledge transfer, to have an in-depth understanding on the technical know-how. In addition, we intend to station technical experts from AE San Jose in Penang for additional training. For the first two years, our focus is to support our customers in terms of equipment assembly and integration, focusing on semiconductor, medical and other industry segments. Starting from the third year onwards, we plan to develop equipment design capability for our customers, based on their needs.”

The project segments are primarily for electromechanical contract manufacturing services, and AETM is working to meet the specific manufacturing needs of their clients. The company’s focus will be on semiconductor equipment manufacturing, medical technology, medical devices, defence, and aerospace not only for the Malaysian market but also for the ASEAN and China markets.   

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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 and YouTube channel.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centres. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Centre (aiding SMEs), Penang CAT Centre (for talent attraction and retention) and i4.0 seed fund (a catalyst for the start-up ecosystem). For more information, please visit https://investpenang.gov.my/

Do follow us on InvestPenang’s social media channels: Facebook ; LinkedIn

About Applied Engineering Inc.

Electronic Interface Company DBA as Applied Engineering Inc. is a California corporation with its business headquarters at 6341 San Ignacio Ave. Suite 10, San Jose, CA, 95119. AE is a 100 per cent employee-owned company located in San Jose and has been in business since 1979. AE specialises in electro-mechanical contract manufacturing services from prototype to high volume production for semiconductor, life science, defence, aerospace, and emerging technology segment.  AE is known in the industry as a contract manufacturer. For more information about Applied Engineering please visit https://www.appliedengineering.com

About QES Group Berhad

QES Group Berhad (“QES” or the “Group”) was listed on the ACE Market of Bursa Malaysia Securities Berhad in 2018. Through its subsidiaries, it is principally involved in the manufacturing, distribution and provision of engineering services for inspection, test, measuring, analytical and automated handling equipment. The Group serves customers from a broad range of industries including the semiconductor, electrical & electronics, automotive and metal, higher education institutions, petrochemical, pharmaceutical, environment and renewable energy industry. QES is listed under the Industrial Products and Services Sector (Name & Code: QES & 0196). For more information about QES Group Bhd, please visit https://www.qesnet.com/ .

For more information, please contact:              

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

InvestPenang
Ms. Yeoh Bit Kun
Head, Communication and Business Intelligence
Telephone: 04-646 8833
Email: [email protected]

Applied Engineering Inc
Ms. Liana Marrero
Sales Operation Manager
Telephone: +1 408 605 8028
E-mail: [email protected]

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

AETM’s Confidence In Malaysia Results In The Setting Up Of A 20,000 Square Feet Manufacturing Facility In Pulau Pinang


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Attracted Record-Breaking Approved Investments Worth RM306.5 billion in 2021

  • MIDA attracted RM306.5 billion of approved investments in the manufacturing, services and primary sectors.
  • Astounding increase of 83.1 per cent in 2021 compared to performance in 2020.
  • FDI’s stellar performance accounted for nearly 68.1 per cent of approved investments, valued at RM208.6 billion compared to RM64.2 billion in 2020 which is an increase of 224.9 per cent, while DDI totalled RM97.9 billion.
  • Malaysia’s manufacturing sector secured projects worth RM195.1 billion in 2021, compared to the RM91.3 billion it gained in 2020, a major increase of 113.7 per cent.
  • The electrical and electronics (E&E) industry received the most approved investments worth RM148 billion.
  • Malaysia has secured 75 capital intensive projects valued at RM100 million and above, spurring the growth of new advanced manufacturing technologies and produce a highly-skilled workforce.
  • The services sector attracted RM94.1 billion from 3,803 approved projects.
  • The mining industry witnessed approved investments worth RM17.1 billion, representing 98.7 percent of the overall total investments in the primary sector driven by higher prices for crude oil and natural gas.

Kuala Lumpur, 8 March 2022 – Malaysia gained new economic growth with RM306.5 billion worth of approved investments in the manufacturing, services and primary sectors in 2021. The country remained an attractive investment destination for global and regional business expansion as total Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI) numbers exceeded expectations with stellar performance in 2021, increasing to 83.1 per cent from the achievement attained 2020.

“Our robust business ecosystem has enabled us to secure strategic investments and forge new trade relationships placing us on a positive trajectory to propel our economy to greater heights as well as expedite efforts towards inclusive socio-economic growth.” said YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) at the MIDA’s Annual Media Conference (AMC) 2022.

“The easing of pandemic containment measures has allowed for the resumption of economic activities coupled with high vaccination rates among diverse industries and professionals. Further efforts were put in place to ensure that the business ecosystem remains responsive to global trends with policies and initiatives for business facilitation, talent upskilling and reskilling, digitalisation and automation. In a nutshell, these measures have successfully placed our economy on a firm and resilient footing towards the path of vibrant growth and sustainable recovery,” he added.

The Senior Minister also iterated that the recent FDI’s stellar performance accounted for nearly 68.1 per cent of approved investments, valued at RM208.6 billion compared to RM64.2 billion in 2020 which is an increase of 224.9 per cent, while DDI totalled RM97.9 billion. The DDI complemented FDI performance, making up 31.9 per cent of the total investment value. The manufacturing sector led the way for total investments approved in 2021, recording RM195.1 billion, followed by the services sector RM94.1 billion and the primary sector with RM17.3 billion.

The Netherlands (RM78 billion), Singapore (RM47.3 billion), People’s Republic of China (PRC) (RM31.3 billion), Austria (RM18.9 billion) and Japan (RM9.9 billion) accounted for 88.9 per cent of total FDI approved in the manufacturing, services and primary sectors.

Pulau Pinang (RM83.5 billion) recorded the highest investments approved last year, followed by Kedah (RM68.3 billion), Kuala Lumpur (RM37.7 billion), Selangor (RM28.8 billion) and Sarawak (RM25.7 billion). These five states contributed 79.6 per cent of the total approved investments for 2021.

Manufacturing Takes the Lead

Malaysia’s manufacturing sector secured projects worth RM195.1 billion for 2021 compared to the RM91.3 billion it gained in 2020 – a major increase of 113.7 per cent. These achievements will offer 74,575 job opportunities, whereby 28,698 are managerial, technical, supervisory and skilled (MTS) positions.

The electrical and electronics (E&E) industry received the most investment opportunities, with 94 approved projects worth RM148 billion. Besides the E&E industry, Malaysia attracted high levels of approved investments in other industries, including basic metal products (RM19.4 billion), chemicals and chemical products (RM5.8 billion), rubber products (RM5.8 billion) and food manufacturing (RM5.4 billion). 

Malaysia has secured 75 capital intensive projects valued at RM100 million and above and these projects will spur the growth of new advanced manufacturing technologies and produce a highly-skilled workforce.

Pulau Pinang (RM76.2 billion) recorded the highest investments approved last year, followed by Kedah (RM66.2 billion), Pahang (RM10.5 billion), Selangor (RM7.5 billion) and Johor (RM7.0 billion). These five states alone contributed more than 85 per cent of the total approved investments for 2021.

The manufacturing sector continued to be the mainstay of the economy for 2021 generating significant multiplier effects on the nation’s activities and growth. The percentage of quality projects approved increased to 81.3 per cent in 2021. As reflected by the MTS (Managerial, Technical, Supervisory and Skilled) Index, the number of job opportunities in these positions increased to 38.5 per cent in 2021.

The Less Developed Areas (LDAs) incentive was introduced in 2015 to spur regional development and inclusiveness through substantial employment creation and rural development in the country’s transition to a high-income economy. In 2021, we secured a total of RM 80.7 billion (41.4 per cent) worth of approved investment, compared to RM 34.3 billion (37.6 per cent) gained in 2020. The Senior Minister stressed that “As part of the realisation of the Shared Prosperity Vision 2030, it is notable that in 2021, we secured a total of RM 80.7 billion worth of approved investments for less developed areas.”

Notable projects approved last year consist of multinational corporations in the high-impact and high-technology industries that have established their operations in Malaysia. This includes Risen Solar, which will invest RM42.2 billion to bring design development and manufacturing of solar modules and solar cells, followed by Intel Electronics with an investment of RM30 billion to produce wafer fabrication and stacked dies. AT&S, a global leader of high-end printed circuit boards (PCB) and integrated circuit (IC) substrates with an investment of RM8.5 billion, will establish design development and manufacture of its IC Substrates in Kulim Hi-Tech Park. This massive expansion attests to Malaysia’s capabilities to facilitate mega business growth. A subsidiary of a Fortune 500 company, SK Nexilis, has also announced its first overseas production base in KKIP Industrial Complex, Kota Kinabalu, Sabah with an investment of RM4.29 billion.

The investment of RM3.25 billion by Infineon Technologies in Melaka, further strengthen the Malaysia’s position as the global semiconductor hub. Sheng Long Aqua Technology will produce aquaculture feed with investments of RM3.03 billion. Ibiden Electronics’ investment will involve a multilayer PCB expansion worth RM886 million.

Taiyo Yuden has pledged enormous investments to expand its manufacturing capability in multilayer ceramic capacitors production in Sarawak, injecting RM680 million in capital investments. The Kuching facility spanning over 36,500 square meters, is expected to operate by March 2023. It will include using high-tech equipment with state-of-the-art features, supporting high-energy conservation and incorporating solar-powered roofs, in line with Environmental, Social and Governance (ESG) Goals.

Other notable investments are from Wilmar Greenfarm Vegan Food, a domestic player in the food-tech and resource-based industry, will be investing RM196.39 million for its manufacturing wing is a new project set to increase its production volume of agro and vegan food products for consumers. Greatech Integration’s RM182.52 million expansion project aims to produce factory automation systems and related modules and components in Batu Kawan, Pulau Pinang. At the same time, Delta Industrial has invested RM154.38 million to undertake the design and development, manufacturing and assembly of amphibious aircraft in Subang Jaya.

Malaysia’s Services Sector is Expanding

Malaysia’s diversified services sector continues to embrace digitalisation to move up the value chain and boost operational efficiency when remote-working and automation trends have accelerated due to the COVID-19 pandemic. New services have materialised through the invention of the Internet of Things. Artificial intelligence and the cloud network have redefined the service sector’s importance in Malaysia’s economy.

The Malaysia Digital Economy Blueprint (MyDIGITAL) is designed to strengthen the foundation and development of the country’s digital infrastructure. The blueprint aims to attract RM70 billion investments to accelerate digitalisation efforts. The digital economy is expected to contribute 22.6 per cent to the country’s GDP and aims to open 500,000 job opportunities by 2025.

The Digital Investment Office (DIO) was established to facilitate digital investments in Malaysia, in line with the government’s aim to attract RM70 billion investments to accelerate digitalisation efforts by 2025. The setting up of the DIO in collaboration with Malaysia Digital Economy Cooperation (MDEC) is timely and in line with the evolution of the global investment landscape towards digitalisation and Industry 4.0, creating unique and interesting value propositions for digital projects. Leveraging on synergies between the two investment promotion agencies, a total of RM3.4 billion investments have been approved under the DIO, involving data centre and Multimedia Super Corridor (MSC) status projects.

In 2021, Malaysia secured 3,803 projects in the services sector worth RM94.1 billion in approved investments. The DDI brought RM69.2 billion in 2021 compared to RM63.5 billion in 2020 in this sector, underscoring the inherent strength of Malaysia’s companies that could be leveraged further for export of services.

The top five contributors of approved investments in this sector were real estate (RM28.8 billion), global establishments (RM19.7 billion), financial services (RM12.0 billion), utilities (RM9.6 billion) and information and communications (RM8.2 billion), experiencing 36.6 per cent in growth, valued at RM78.3 billion of approved investments compared to 2020.

The global establishments sub-sector recorded RM19.7 billion in 2021, higher than RM595.2 million achieved in 2020. A total of 102 principal hubs, regional and representative offices were approved in 2021 and expected to offer 3,838 new positions for highly-technical professionals.

As part of its advances in developing IR4.0 technologies to accelerate Malaysia’s digital transformation, Huawei Technologies (Malaysia) is gearing up for the next frontier in 5G innovation with its new Global Operational Headquarters in Kuala Lumpur.

The Twelfth Malaysia Plan has also made green growth a priority, specifically focusing on green technology and energy sustainability as the main factors to advance Malaysia’s green economy. Malaysia is optimistic to become a net-zero carbon country by 2050. Berjaya Alam Murni’s Sustainable Schedule Waster Treatment Centre (SSWTC) will invest RM172.95 million to develop an integrated waste management facility.

Another notable project, L.Q. Hotel, a Singapore-based company will be investing RM689 million to establish its presence in Kuala Lumpur. Under the green technology industry is the Solarpack Suria Sungai Petani that will invest RM353.13 million to build a Large-Scale Solar (LSS) Photovoltaic in Kedah. In Selangor, ILM Logistics is set to implement its expansion plans valued RM226.82 million.

Mining Maintains Forefront Role in the Primary Sector

The primary sector registered approved investments of RM17.3 billion in 2021, compared to RM6.1 billion in 2020. The mining sub-sector led the bulk of investments RM17.1 billion (98.7%) of total investments approved in the primary sector driven by higher prices for crude oil and natural gas. The rest of the primary sector investments comprises the plantation and commodities and the agriculture subsectors with investment values of RM211.4 million and RM20.5 million, respectively.

Charting the Path towards Resilient Economic Recovery

In stressing the imperative for economic resilience for sustainable national recovery, Dato’ Seri Azmin said “Malaysia continues to forge ahead, “powering resilience” through robust policies that will further enhance the positive trajectory we are in. The National Investment Aspirations is poised to attract high impact investments in new growth areas which bring about bountiful spill over effects to the economy. On that note, the New Industrial Masterplan 2022-2033 will further propel the local industries to accelerate digitalisation efforts and fully realise the benefits of transition into Industry 4.0.”

Reflecting the NIA in propelling Malaysia’s long-term growth through the flow of sustainable quality investment in new and complex growth areas, MITI and MIDA have lined up targeted trade and investment missions (TIM) and Specific project Missions (SPM) to accelerate investments in high technology, innovation and research-driven industries that will complement the Malaysian industrial ecosystem. In 2021, MITI and MIDA proactively completed four major TIMs to the Republic of Korea and Japan, Saudi Arabia and UAE, Qatar, Austria and Turkey, and Germany, France and the United Kingdom to secure up to RM50.2 billion worth of investments.

A total of 254 projects have been approved and implemented in 2021 with realised investments worth RM160.8 billion, making up more than 80 per cent of the approved investments in the manufacturing sector. Of the total manufacturing projects approved for the last five years, realised investments amounted to RM383.2 billion.

In efforts to help expedite vaccination for the workforce in critical manufacturing sectors, MITI, in collaboration with the Ministry of Health, has initiated the COVID-19 Public-Private Partnership (PIKAS) Industrial Immunisation Programme.

Additionally, despite the ongoing international border closures and strict governmental standard operating procedures (SOPs) in place worldwide to contain the spread of COVID-19, MIDA continues to be responsive in providing advice and support to existing and potential investors through 20 overseas and 12 regional offices. The team has been at the forefront to attract investments through innovative and aggressive investment promotion activities. In ensuring ease of movement for business travellers, MIDA has also established a One-Stop-Centre (OSC) to evaluate eligible short-term business travellers’ applications to enter Malaysia for trade and investment purposes while adhering to strict SOPs. Combined with Malaysia’s National Vaccination Programme, the OSC has played an important role in Malaysia’s value proposition and ensuring a frictionless and productive flow of people, ideas and investment.

To increase the ease of doing business for investors in Malaysia, MIDA implemented the [email protected] or the Project Acceleration and Coordination Unit to provide end-to-end facilitation for all projects approved to enable the timely implementation of investments in the country.

Staying ahead with the evolution of the investment landscape in the region towards digitalisation and Industry 4.0, MIDA has revamped its investment promotion and facilitation processes to strengthen and prime the nation’s digital ecosystem for the future, ensuring the country remains competitive on the path of recovery post-COVID.

These initiatives include InvestMalaysia portal – a single gateway portal to access applications that include e-Manufacturing Licence (e-ML), e-Incentive and JPC Online Application, company profiles and promotional events. Such facilities will provide users with approvals for manufacturing licenses, incentives and exemption of customs duties to expedite the execution of projects.

In collaboration with the Malaysia Digital Economy Corporation (MDEC), MIDA has established the Digital Investment Office (DIO), a full-fledged digital platform to coordinate and facilitate digital investments in Malaysia. The DIO’s establishments raised awareness on digital investments in the country. They streamlined the coordination among all Investment Promotion Agencies (IPAs) in promoting and attracting new investments in this fast-evolving segment. The role of DIO is consistent with the MyDIGITAL Blueprint and the National Investment Aspirations, guided by the essence of the Shared Prosperity Vision (SPV) 2030.

The MIDA Assessment Development Centre (MADC) is a collaboration initiative known as HyTalentProgramme, a synergised effort between three premier local universities that offers up-skilling and reskilling programmes to local graduates and talented individuals to make them career and industry-ready.

Additionally, MITI has appointed MIDA as the Implementation Agency to offer the Industry4WRD Intervention Fund, a financial support facility for Malaysian SMEs in the manufacturing and related services sectors to embrace Industry 4.0. This Fund is eligible for all SMEs which have completed the government-funded Industry4WRD Readiness Assessment (R.A.) programme.

MIDA Boosting Malaysia’s Economic Dynamism

As of December 2021, MIDA has identified 352 high-profile foreign investment projects, including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM39.2 billion within the agency’s purview. These include aerospace, electric vehicles, machinery and equipment, I.C. design, advanced electronics, advanced materials, fine chemicals, renewable energy (such as photovoltaic, optics and photonics), display technology, petrochemical, pharmaceutical, medical devices and food security. These projects will create more than 19,000 new job opportunities for the rakyat.

While 2021 presented unique economic challenges, Malaysia remains steadfast in its fundamentals as the pre-eminent preferred investment destination in the region and set to catapult the nation to stage its most robust recovery post-pandemic. As we forge ahead in the new year on the path of economic revitalisation supported by ongoing policy reforms, effective deployment of vaccination programmes and accelerated digitalisation, the government remains committed to prioritising the needs of our people and businesses.

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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 and Youtube channel.

For media enquiries please contact:
Ms. Fatmah Ahmad
Director, Corporate Communications Division
DL: +603-2267 2428 | Email: [email protected]

Malaysia’s Economy Continues To Soar To Greater Heights


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Kuala Lumpur, 1 March 2022 – Menicon Co., Ltd, the Japanese-headquartered specialised designer and manufacturer of contact lenses and lens care solutions today announced an investment of RM650 million (JPY18 billion) for the establishment of its first manufacturing plant in Malaysia at the Kulim Hi-Tech Park, Kedah to produce daily disposable contact lenses.

This strategic investment, through its wholly owned subsidiary, Menicon Malaysia Sdn. Bhd. (Menicon Malaysia) will witness the setup of the building and equipment for a new production facility spanning over a site area of 200,000 square metres. The plant’s 45,000 square metres floor area will also be built aligning with the Sustainable Development Goals (SDGs). Environmental-friendly features like solar panels will be installed to utilise renewable energy and eaves to prevent rise in room temperature.

Notably, the plant is expected to employ close to 100 personnel once the scheduled production begins in 2025, which will further position Malaysia at the forefront as a global hub for quality investments while creating high-value jobs.

Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) said, “Menicon’s decision to establish a highly automated factory here is a testament to our ability in meeting rigorous demands of highly regulated industries like medical devices and our business-friendly policies that can support our investors’ business goals. This investment meets our National Investment Aspirations (NIA), particularly in creating greater economic complexity and high-value career opportunities for Malaysians. Furthermore, Menicon’s commitment to sustainable practices in the design and construction of their plant augurs well with Malaysia’s ESG goals for greener investment undertakings.”

Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) echoing the Senior Minister said, “MIDA has been working closely with Menicon throughout the pandemic to materialise their investment successfully. This continuous facilitation includes the One-Stop Centre (OSC) for Business Travellers, which enables investors to travel to Malaysia for their investment undertakings in efforts to minimise disruptions to the economy and revitalise trade and investment into our country. We are optimistic that Menicon’s investment will be another major step forward for Malaysia and the company’s growth here will be beneficial for our local medical devices industry and people.”

Dr. Hidenari Tanaka, CEO of Menicon Co. Ltd. remarked, “Our Malaysian plant is set to be the largest facility in the Menicon group globally. This facility combined with our existing plant in Singapore is expected to drive our business growth in the international market. To meet high level of quality control requirements in our industry, this new plant in Kedah will be designed and built as a Smart Factory. We have evaluated various aspects of each country such as global competitiveness, risk of natural disasters, languages, and finally selected Malaysia as the best location to realise a stable operation for the long-term. Our strong and longstanding ties with the Government of Malaysia will help us set-up smoothly in this new location and help us meet the global demand for daily disposable contact lenses and contribute to the Malaysian economy.”

He further shared that due to the increasing myopia population globally, contact lens market, especially daily disposable contact lens, has been growing in recent years. To meet the growing demand, the whole supply process of contact lens including production, transportation and shipment will be connected by an integrated system, which will enable high level of productivity and quality control supported by the industry’s high-performing machines.

Menicon’s investment project was discussed during the Trade and Investment Mission (TIM) to Tokyo in April 2021 led by Dato’ Seri Mohamed Azmin Ali. The project’s approval and subsequent start of the facility’s construction in August 2022 demonstrates the Government’s continued effort to welcome and facilitate high-quality FDIs for Malaysia.


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

About Menicon Co., Ltd.
Menicon Co., Ltd., headquartered in Nagoya, Japan, has distribution channels in more than 80 countries and specialises in every aspect of the field from material development and lens design to manufacturing of lenses and lens care solutions. Menicon provides contact lens users with safe products and services through innovative product development and unique subscription service called “MELS plan”, which was developed by CEO, Hidenari Tanaka.
https://www.menicon.co.jp/
https://www.menicon.com/

For more information, please contact:

MIDA
Balkish Mohd Yasin (Ms.)
Director, Life Sciences & Medical Technology Division, MIDA
[email protected] | +603-2267 3458

Menicon
Liaison & Public Relations Dept
[email protected]

Menicon Announces Largest Global Manufacturing Facility In Malaysia


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

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

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

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

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

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

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

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

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

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

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

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

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

– END –

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

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

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

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

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

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

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


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