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Oliver Healthcare Packaging Reaffirms Commitment to Malaysia’s Pharmaceutical and Medical Devices Ecosystem with 122,000-Square Foot Manufacturing Facility

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Johor, Malaysia, 29 December 2023 – Oliver Healthcare Packaging (“Oliver”), a leading supplier of sterile barrier flexible packaging solutions to the global healthcare market, has commenced construction of its new manufacturing facility in the state of Johor, Malaysia. The facility is Oliver’s first plant in Malaysia, and the largest in Asia.

In February of this year, the company broke ground on their new 122,000-square foot manufacturing facility, which is located within the i-Tech Valley, an integrated industrial park in the established economic zone of Iskandar Puteri, Johor. The plant, expected to begin operations by end-2024, will help develop Malaysia’s medical devices ecosystem through the supply of innovative flexible packaging solutions for Asia-Pacific’s rapidly growing healthcare industry.

YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry (MITI), said, “Oliver Healthcare Packaging’s choice of Malaysia for its inaugural presence in Asia stands as an unequivocal testament to our attractiveness not only as an investment destination, but also as a thriving and dynamic hub for companies wishing to establish strategic access to the region. The commencement of their facility’s construction sends a strong signal on Malaysia’s efficient facilitation of investments to other investors. To us, timely implementation of committed investments is equally key, because it means that jobs and opportunities for SMEs can be quickly realised to benefit the Malaysian economy.”

Datuk Wira Arham Abdul Rahman, CEO of MIDA, underscores the significance of Oliver Healthcare Packaging’s decision, marking a milestone for our thriving medical devices ecosystem. The move reflects confidence in Malaysia’s business-friendly environment and the resilience of our medical devices supply chain. MIDA is fully committed to collaborating with the company to bring this project to fruition, extending a warm welcome to similar initiatives.

“Malaysia plays an important role as a strategic hub for the many pharmaceutical and medical devices companies in Southeast Asia. We look forward to working closely with MIDA to further the growth and development of Malaysia’s medical devices ecosystem. It’s a critical investment that will support the ever-evolving healthcare needs of this region and beyond,” said Kenneth De Muynck, General Manager, Asia Pacific, Oliver Healthcare Packaging.

The new manufacturing facility will create employment opportunities with positions in engineering, manufacturing, plant management, and more. It will also boast the latest state-of-the-art manufacturing equipment housed in ISO-7 and ISO-8 clean rooms, meeting the stringent regulatory standards for medical packaging.

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

About Oliver Healthcare Packaging Company
Oliver Healthcare Packaging is a leading supplier of sterile barrier packaging solutions for the global healthcare market. Headquartered in suburban Philadelphia, PA, Oliver has manufacturing and technical facilities around the world including Anaheim, CA; Feasterville, PA; Galway, Ireland; Grand Rapids, MI; Hamilton, OH; New Britain, PA; Singapore; Suzhou, China; and Venray, the Netherlands. In addition, new state-of-the-art manufacturing facilities are being constructed in Malaysia (2025) and planned for Costa Rica (2025). More information about Oliver is available at www.oliverhcp.com.

Media Contacts

MIDA
Ms. Rozita Ibrahim
Director, Building Technology & Lifestyle Division, MIDA
T: +603-2267 3479
E: [email protected]

Oliver Healthcare Packaging
Anne Chng
Marketing Manager, APAC
T: +65 96505013
E:[email protected]

Oliver Healthcare Packaging Reaffirms Commitment to Malaysia’s Pharmaceutical and Medical Devices Ecosystem with 122,000-Square Foot Manufacturing Facility

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Effective from 1st January 2024 to 31st December 2026, the GITA Project for Own Consumption will be merged with the GITA Asset and will fall under the purview of the Malaysian Green Technology and Climate Change Corporation (MGTC). Hence, all new applications for GITA Asset for own consumption to be submitted to MGTC within the stipulated timeframe.

Meanwhile, the application period for the Green Investment Tax Allowance (GITA) Project for business purposes and Green Income Tax Exemption (GITE) for Solar Leasing incentives has been extended until 31st December 2026. These applications can be submitted to MIDA via the InvestMalaysia portal at https://investmalaysia.mida.gov.my.

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ANNOUNCEMENT: GITA Project for Own Consumption is merged with GITA Asset. New applications to be submitted to MGTC.

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Malaysia attracted RM225.0 billion of approved investments in services (RM117.7 billion), manufacturing (RM99.8 billion), and primary sectors (RM7.5 billion). This is a 6.6% increase as compared to RM211.0 billionapproved investments in the same period last year.
Foreign Direct Investment (FDI) accounted for a substantial 55.9% or RM125.7 billion of the total approved investments, while Domestic Direct Investment (DDI) contributed 44.1% or RM99.3 billion. DDI recorded an impressive surge of 45.2% as compared to the same period last year.
The services sector emerged as the clear frontrunner, commanding a significant share of RM117.7 billion or 52.3% of the total approved investments.
Top five (5) sources of FDI was led by The Netherlands (RM35.0 billion), Singapore (RM20.4 billion, The United States (RM18.9 billion) The People’s Republic of China (PRC) (RM11.6 billion) and Japan (RM11.2 billion).
Five (5) states that have recorded significant investment value to the total approved investments include Wilayah Persekutuan Kuala Lumpur (RM48.9 billion), Pulau Pinang (RM44.9 billion), Selangor (RM41.6 billion), Kedah (RM22.6 billion) and Johor (RM20.0 billion).
With an impressive number of 3,949 projects approved, a 35.3% increase as compared to Jan-Sept 2022, these approved projects will generate 89,495 new jobs in the country.

Kuala Lumpur, 6 December 2023 – Malaysia’s investment facilitation efforts have helped attract RM225.0 billion in approved investments across the services, manufacturing, and primary sectors for the period from January to September 2023. This 6.6% increase in value, backed by 3,949 investment projects, is set to unlock 89,495 new job opportunities, showcasing Malaysia’s resilience on the back of prevailing global operational uncertainties across various industries.

Foreign Direct Investment (FDI) constituted 55.9% of the total approved investments at RM125.7 billion. The Netherlands emerged as the leading source of FDI, contributing RM35.0 billion. Notably, Malaysia also attracted substantial investments from Singapore (RM20.4 billion), the United States (RM18.9 billion), the People’s Republic of China (PRC) (RM11.6 billion), and Japan (RM11.2 billion). This diversity in the investors’ base highlights Malaysia’s universal appeal as a strategic hub, particularly for the ASEAN region.

Domestic Direct Investment (DDI), on the other hand, contributed RM99.3 billion, or 44.1% of the total approved investments. This represents an impressive increase of 45.2% year-on-year, a testament to local players’ confidence in the country’s prospects.

Five (5) states which garnered significant investment values are Wilayah Persekutuan Kuala Lumpur (RM48.9 billion) Pulau Pinang (RM44.9 billion), Selangor (RM41.6 billion), Kedah (RM22.6 billion), and Johor (RM20.0 billion), Collectively, these states accounted for 60.2% of the total approved investments for the reporting period.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), said, “RM225 billion, which represents a 6.6% increase year-on-year, is Malaysia’s best achievement for the corresponding period over the past decade, and a marked increase against the 10-year average of RM222.6 billion for approved private investments. This achievement is a testament to Malaysia’s continued attractiveness as an investment destination, as well as our collaborative whole-of-government and the whole-of-nation efforts in attracting, facilitating and retaining investments, while enhancing the ease of doing businessunder the MADANI Economy framework.”

“Investment inflow from countries such as The Netherlands, Singapore, the United States, China, and Japan reflect the type of high-tech, strategic investments that Malaysia is targeting from global players. But this is no time for complacency. MITI and its agency, MIDA, will continue to position Malaysia as a highly viable and stable destination to strategically capture more inflows from the redesigning of supply chains in the global investment landscape, in line with our industrial transformation as stipulated in the New Industrial Master Plan (NIMP) 2030,” added Tengku Zafrul.

Services Sector Dominance

The prominence of Malaysia’s services sector has grown steadily over time. This sector led the way in terms of approved investments from January to September 2023, accounting for RM117.7 billion or 52.3% of the total approvals. It is expected to create 40,607 new jobs, which also reflects the sector’s attractiveness for investments.

Of the total approved investments in the services sector, RM78.7 billion or 66.8% came from DDI. This also underscores the confidence of domestic players in policy continuity and stability under the MADANI Government. The remaining 33.2% or RM39.0 billion were from foreign sources.

The Information and Communications (ICT) was the largest recipient of investments in the services sector, with RM45.6 billion approved. Other major sub-sectors were Real Estate (RM44.4 billion) Distributive Trade (RM9.2 billion), Utilities (RM6.3 billion), and Financial Services (RM6.0 billion).

In line with the transition to the green agenda as outlined in the National Transition Energy Roadmap (NETR) and the New Industrial Master Plan (NIMP) 2030, investments in green technology have grown significantly, by 24.6% to RM1.5 billion year-on-year. These investments encompass various green technology initiatives, including renewable energy generation, energy conservation, waste management, green buildings, and green services.

Notable Ventures: Paving the Way for a Digital Economy Hub

In the services sector, one of the standout ventures include Envico Enterprises Sdn. Bhd., a strategic regional establishment within Malaysia’s dynamic services sector and a division of The Valiram Group – a local retailer specialist. Positioned as a crucial hub for expansion, Envico embodies Malaysia’s potential on the global stage with a steadfast determination to sustained growth and excellence, echoing the principles of prosperity and sustainability.

Diversification Propels Malaysia’s Manufacturing Sector

The manufacturing sector in Malaysia attracted a total of RM99.8 billion in approved investments, accounting for 44.4% of the total approved investments across all sectors. This marks a significant increase of 53.9% from the RM64.9 billion recorded in the same period in 2022.

These investments are spread across 607 projects, poised to generate an estimated 48,496 job opportunities. FDI takes a significant lead, contributing RM84.8 billion or 85.0%, while DDI accounts for RM15.0 billion or 15.0%.

Expansion and diversification projects dominate the landscape, amounting to RM62.0 billion, in addition to RM37.8 billion stemming from new projects. FDI plays a pivotal role in both categories, representing 89.7% of expansion/diversification projects and 77.3% of new projects, respectively.

A notable 83.5% of expansion/diversification projects are concentrated in the electrical and electronics (E&E) industry, aligning with global trends and the resurgence of the technology cycle. Among these large-scale expansion/diversification projects include four (4) projects cumulatively worth RM40.5 billion for the manufacturing of electronic components such as LED chips, sub-assembly devices and semiconductor devices

The decision of foreign global E&E companies to expand their operations in Malaysia is strategically timed to leverage the anticipated recovery in the global technology cycle. Projections from The World Semiconductor Trade Statistics (WSTS) Forecast of Global Semiconductor Sales indicate a positive growth of 11.8% in 2024, following a contraction of 10.3% in 2023. This foresight positions these companies to capitalise on increased exports, particularly in the E&E products domain.

New projects are also led by foreign sources, which is 77.3%, showing the continued confidence of foreign investors in Malaysia as a preferred investment destination that can complement their international business network. Focus industries include E&E and machinery and equipment (M&E), amounting to RM9.9 billion and RM7.8 billion respectively.

One of the investment projects that stood out and underscored the sector’s attractiveness and Malaysia’s appeal to global manufacturing giants include Lumileds Malaysia Sdn. Bhd., a hefty investment of RM25.7 billion earmarked for the manufacture of LED chips, devices, sub-assemblies, and LED-based lighting products/systems/modules.

Other top-performing industries within the manufacturing sector include M&E (RM10.8 billion), non-metallic mineral products (RM6.9 billion), fabricated metal products (RM5.5 billion), and transport equipment (RM5.4 billion).

The approved investments in the manufacturing sector is expected to create a total of 48,496 potential job opportunities. Among these, a total of 20,610 (42.5%) high-impact jobs will be for the positions in management, professional/technical, supervisory, and skilled worker categories. The remaining distribution includes 19,298 (39.8%) in machine operators and assembly workers; 2,273 (4.7%) in sales, clerical and other roles; as well as 6,315 (13.0%) in general workers.

Primary Sector Reflects Positive Opportunities

The primary sector sees RM7.5 billion in approved investments, constituting 3.3% of the total approvals. Driven by 58 projects, it anticipates creating 392 new jobs, with a focus on mining (RM7.2 billion), and plantation and commodities (RM0.2 billion).

Doubling Efforts for Quality Investments

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA emphasised, “As Malaysia’s investment landscape reaches new heights, the services sector stands as a formidable pillar, embodying our nation’s commitment to innovation and sustainable development. The notable surge in approved investments, particularly in Information and Communications Technology (ICT) and green technology, not only highlights the resilience but also amplifies the potential of our local services players. Concurrently, the manufacturing sector’s stellar performance, notably the (E&E) industry, strategically positions Malaysia as a pivotal hub for global manufacturing giants. These accomplishments are a testament to the synergistic collaboration between public and private entities in advancing a robust industrial landscape and enablers, forging a path towards a future characterised by innovation, resilience, and economic prosperity and further strengthening our ecosystem.”

Malaysia’s investment landscape presents bright prospects with a pipeline of proposed investments and lead projects overseen by MIDA. As of November 2023, there are a total of 1,428 projects with proposed investments of RM72.3 billion within MIDA’s pipeline. Of these proposed investments, a total of 1,352 projects are from the selected services sector (RM31.8 billion), while 76 projects are from the manufacturing sector (RM40.5 billion), all of which fall under MIDA’s purview. Additionally, a total amount of RM161.6 billion in high-potential investment leads are actively being negotiated by MIDA.

In the spirit of relentless commitment, MITI/MIDA unveils a suite of initiatives designed to facilitate investment seamlessly. The Task Force on Investment and Trade Coordination (JTPPP) stands as a beacon of coordination, diligently monitoring and accelerating the execution of strategic projects. The recently launched Invest Malaysia Facilitation Centre (IMFC) stands tall as a symbol of progressive facilitation, augmenting advisory services for businesses at both federal and state levels.

To cap off this momentous achievement, the MIDA CEO asserts, “Our success in attracting RM225.0 billion in investments demonstrates Malaysia’s prowess as a global investment destination. The diversified inflow of investments from leading economies and the steadfast commitment by the Government and stakeholders underscore our nation’s resilience.”

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About MIDA

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

For media enquiries please contact:

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

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Malaysia Creates Almost 90,000 Jobs from RM225.0 Billion Approved Investments For 9M2023, Exceeding Full-Year Annual Target

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1. Implementation of CLA Mechanism for Import Duty Exemption
Effective 1^st January 2024, **application for Import Duty and/or Sales Tax Exemption on Raw Materials and Components (Iron and Steel – HS Code 7201-7316) for raw materials under HS Tariff Code 7208, 7209, 7210, 7211, 7212, 7213, 7214, 7304, 7305 and 7306 need to obtain a Confirmation on Local Availability (CLA) through Malaysian Iron & Steel Industry Federation (MISIF) and Malaysia Steel Association (MSA).

The CLA and Statutory Declaration (SD) can be downloaded from the MISIF website www.misif.org.my and submitted to MISIF and MSA via [email protected]. The confirmed CLA and SD then need to be attached as supporting documents in the submission of the MIDA application through the investmalaysia portal.

For more information or further clarification, please contact MISIF at 03 – 5038 7305 / email: [email protected].

Click here to download the CLA Framework details.

Note **
The above mechanism does not apply to the following applications:

Applications for Export/Free Zone (FZ)/Licenced Manufacturing Warehouse (LMW)
Applications for Finished Product with Zero Import Duty
Additional Quantity, Amendment and Appeal application that does not involve any changes on approved grade and descriptions

2. Import Duty Exemption on Tinplate (HS Code 7210.12.9000)
The existing policy on tinplate will be expiring on 31^st December 2023. Therefore, starting 1^st January 2024, application for Import Duty Exemption on Tinplate (HS Code 7210.12.9000) will only be considered for Export / Free Zone (FZ) / Licensed Manufacturing Warehouse (LMW) market. Any application for Domestic market will not be accepted.

For more information regarding the latest import duty exemption policy on tinplate, please contact Tariff Division at 03 – 2267 3633.

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Announcement: Updates on Import Duty Exemption (Iron and Steel – HS Code 7201-7316)

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Bandar Enstek, Negeri Sembilan, 4 December 2023 – Novugen Oncology Sdn. Bhd. (Novugen) announced a ground-breaking milestone in Malaysia’s pharmaceutical industry, as the company was granted approval by the U.S. Food and Drug Administration (USFDA) for its manufacturing facility specialising in high potent oncology drugs. This approval is part of Novugen’s commitment to promote Malaysia as a manufacturing hub to produce technology-intensive pharmaceutical and oncology products locally.

The sought-after approval by the U.S. federal agency came just a year after the company’s first USFDA approval for Novugen Pharma Sdn. Bhd., focusing on oral solid dosage forms for general medicines. With these approvals, Novugen becomes the first in the country and the only in the Southeast Asia region to be accredited by the USFDA for pharmaceutical and oncology manufacturing facilities to produce affordable and high-quality medicines for the U.S. market, from Malaysia.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) said, “We congratulate Novugen for their achievement in securing USFDA approval for their high potent oncology drug manufacturing facility. This accomplishment is nothing short of phenomenal, as it significantly strengthens the Malaysian pharmaceutical industry by enhancing its capabilities and technological expertise to produce complex pharmaceutical products. It aligns perfectly with Mission 1 of the New Industrial Master Plan (NIMP) 2030 to establish advanced economic complexity in the high technology manufacturing of complex products and services. Beyond this, it not only strengthens Malaysia’s position within the global value chain but also reaffirms our commitment to long-term resilience and sustainability.”

Novugen has shown promising signs for their future as the company commercialised two products in the U.S. with Abbreviated New Drug Application (ANDA) approval from USFDA for Abiraterone 250mg and 500mg tablets and Midodrine 2.5mg, 5mg and 10mg. The successful launch of the two products in the U.S. marks the commencement of Novugen’s journey towards unveiling future phases of a comprehensive range of life-changing medicines, designed to benefit millions of patients while meeting the stringent USFDA requirements.

Dr. Madan Mulukuri, Senior Vice President, Quality Operations of Novugen said “As Novugen enters the next phases of becoming a multi-product facility with growing complexity, we put significant focus on training our current employees in elaborate containment principles and technologies. We leverage our current collaborations with local universities offering programs for undergraduates to acquire world-class manufacturing expertise and competencies. Ultimately, our mission is to create access for the Malaysian workforce to get acquainted with intricate pharmaceutical operations and be exposed to stringent global regulations to create a sustainable ecosystem of highly skilled talents in the local pharmaceutical industry.”

Novugen’s USFDA approved manufacturing facilities play a major role in advancing the nation’s pharmaceutical industry and healthcare sector by reducing the dependency on imports and ensuring self-sufficiency in manufacturing and supplying high-quality products, especially those with elaborate formulations that lack robust generic alternatives. It also fortifies Malaysia’s capacity to export and enter the world’s largest economy and market – the U.S. – for pharmaceutical and oncology product sectors.

The continued support from MIDA brought forth many successes for Novugen’s successful establishment in Malaysia and in developing a strong business foundation throughout the years. The company is committed to undertaking great efforts to guarantee the safety of public health by ensuring every product undergoes rigorous testing and meeting the necessary standards to strengthen local accessibility of medicines with identical efficacy to those exported to the U.S. Novugen is immensely proud to contribute great impact to Malaysia, a nation that values international trade and strategic investments to boost the economic growth.

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About MIDA

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

About Novugen

Novugen is a wholly owned subsidiary company of a UAE based group, SciTech International. With over 30 years of experience in the healthcare industry, the company is equipped with vast and successful experience of venturing into strategic healthcare businesses and development of world class healthcare facilities around the globe. Novugen’s passion for science, bold global strategy and wealth of international experience prepared us to respond to challenges of bringing hard-to-source and technology-intensive pharmaceutical products to the market.

Novugen specializes in niche and difficult to formulate generics for all therapeutic areas of pharmaceutical and oncology medicines while meeting stringent global quality standards. With vertical integration from Active Pharmaceutical Ingredients (API) to Finished Products R&D and manufacturing based in Malaysia, it gives us greater control over the supply chain.

We are committed to ensuring early access to high-quality products that lack robust generic alternatives due to their complexity. We strive to strengthen the accessibility of affordable and global quality standard products in Malaysia with same efficacy to medicines exported to the U.S. For more information about Novugen, please visit www.novugen.com and follow us on LinkedIn, Facebook, and X (Twitter).

For media enquiries, please contact:

MIDA
Ms. Azlina Hamdan
Director, Life Sciences and Medical Technology Division, MIDA
Email: [email protected] | Tel: +603-22673791

Novugen
Mr. Syazwan Saufi
Associate Manager, Corporate Communications
Email: [email protected] | Tel: +6012-924 5848

Novugen Becomes Malaysia’s First and Southeast Asia’s Only with USFDA Approved Oncology Manufacturing Facility to Produce Drugs Locally for the U.S.

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Penang, 1 December 2023 – In a groundbreaking event held recently, INV New Material Technology (M) Sdn. Bhd., a subsidiary of Shenzhen Senior Technology Material Co. Ltd., a prominent Chinese company in the global lithium battery separator industry, has marked a significant milestone with the launch of its inaugural plant in Malaysia. This move solidifies Malaysia’s position as the first-of-its-kind facility in Southeast Asia. Nestled in the Penang Technology Park, the RM3.2 billion first phase of the venture will have the annual capacity to produce 1.3 billion square meters of wet-process separators and coated separators. As such, INV’s new facility is poised to make a substantial contribution to the global new energy industry.

Penang Chief Minister, YAB Chow Kon Yeow expressed, ‘‘The success of INV in Penang is attributed to the collaborative synergy between the government and the private sector. This collaborative approach underscores the significance of a strong relationship between both sectors for the prosperity of our state. The Penang State Government is dedicated to providing essential support, with a keen focus on fostering an environment where collaborations between the public and private sectors can flourish. As we look ahead, the Penang State Government eagerly anticipates increased foreign investments, affirming our commitment to creating an environment conducive to global businesses seeking growth and success within our borders.” YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry (MITI), lauded INV’s milestone, stating, “INV’s new Penang plant contributes to the realisation of the strategic vision of the New Industrial Master Plan (NIMP) 2030 and the Chemical Industry Roadmap 2021-2030. The entry of yet another major EV component producer is a big boost to our ambition to make Malaysia a regional EV hub. As INV also leverages on Malaysia’s established specialty plastics ecosystem, MITI and its agency, MIDA look forward to facilitating the convergence of different industrial sectors, to spur cross-sectoral growth and innovation. This investment milestone will not only create up to 4,000¹ jobs for Malaysians, but also go a long way towards fulfilling our vision for a dynamic, cutting-edge and transformative manufacturing future.”

Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA, commended INV for the groundbreaking ceremony. “The establishment of INV’s manufacturing facility here, marks Malaysia as one of the largest lithium-ion battery separators in South East Asia. This facility stands as a potential model, breathing new life into the current plastic industry. This could lead to a transformative shift in the plastic sector, redirecting focus from commodities and household items towards the production of specialised engineering plastics tailored for high-end applications. MIDA is deeply committed to attracting high-quality investment, fostering a resilient cross-sector manufacturing supply chain ecosystem in Malaysia.”

The Chairman of INV, Mr. Chen XiuFeng stated, “As a leading enterprise in the separator industry, we will further intensify our efforts in developing the ASEAN market, laying a solid foundation for global development, bringing intelligent manufacturing beyond our borders, and injecting new vitality into the economic development of the ASEAN region”.

He also conveyed that Penang, as one of Malaysia’s most crucial gateways to the world, is destined to assume a significant role in the country’s future development. As a leading entity in the new energy sector and a standout player in this industry, the company is committed to sharing advanced technologies beyond national borders and expanding its presence in the global arena.

In an era of technological advancement, Shenzhen Senior is dedicated to advancing new energy and material technologies. INV proudly adds Malaysia to its success story, citing the country’s well-established infrastructure, skilled workforce, and business-friendly environment. Penang, identified as an ideal location for industries at the forefront of technological progress, offers an opportunity for the local workforce to develop high industrial skills contributing to the evolving technological landscape.

¹This was mentioned in an earlier Press Release: https://theedgemalaysia.com/node/682816

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About MIDA

About INV New Material Technology (M) Sdn. Bhd.

INV New Material Technology (M) Sdn. Bhd. is the first subsidiary of Shenzen Senior Technology Material Co., Ltd. in Malaysia. Specializing in the technological advancement of new energy and materials, Senior has introduced a range of diverse lithium battery separators in 2022, emerging as a global leader in industry sales. The establishment of INV in Penang, Malaysia signifies the inauguration of the first lithium battery separator factory in the ASEAN Region. The facility is scheduled for completion by July 2025, with the fifth-generation super wet-method production line set to be fully operational by September 2025. For media enquiries, please contact:

MIDA
Pn. Siti Halimaton Mohd Rejab
Director, Chemical & Advanced Materials Division, MIDA
Email: [email protected] | Tel: +603- 22676701

INV New Material Technology (M) Sdn. Bhd.
Datuk Ng Peng Hay
Senior Advisor, INV Material Technology (M) Sdn. Bhd.
Email: [email protected] | Tel: +604-5669888

INV Breaks Ground its RM3.2 Billion Phase 1 Lithium Batteries Separator Project in Penang

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

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

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

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

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

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

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

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

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

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

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

For more information, please contact:

MIDA

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

MIDF

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

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

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

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

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

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

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

1. Sophisticated exports with high value added

2. Regional innovation hub

3. High-skilled jobs

4. Fair income

5. Internationally competitive SMEs

6. Deepen local supply chain integration

7. Strategic positioning of high value tech manufacturing

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

9. Catalysing sectoral and regional development within Malaysia

10. High manufacturing value added participation by least developed states

11. Derisking economy against ESG factors

12. Drive towards Net Zero aspirations

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

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

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

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

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

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

**END**

About MIDA

For more information, please contact:

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

Technology Adoption and ESG Practices Are Key Enablers Towards Sustainability Goals

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

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

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

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

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

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

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

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

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

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

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

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

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

¹From 8 November 2023 onwards.

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

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

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

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

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

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

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

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

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

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

The World is Moving towards Sustainability Practices

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

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

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

-ENDS-

About MIDA

About CIDOLS

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

For media enquiries, please contact:

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

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

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

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Kota Kinabalu, 1 November 2023 – SBH Kibing Solar New Materials Sdn. Bhd. (SBH Kibing Solar), held a launching ceremony yesterday for its new manufacturing facility at the Kota Kinabalu Industrial Park (KKIP), situated on a 130-acre site. This diversification project will produce solar photovoltaic glass and will create 1,400 new job opportunities, with a commitment to have at least 90 per cent of these positions be filled by local Sabahans. Intensive training programmes will be implemented for the incoming workforce to ensure smooth operations of its new facility. These programmes will be designed to equip local individuals with the necessary skills, knowledge, and expertise required to excel in their roles within the project.

The momentous ceremony was graced by the Chief Minister of Sabah, Datuk Seri Panglima Haji Hajiji bin Haji Noor and was attended by Federal Government officials from the Malaysian Investment Development Authority (MIDA) and Sabah State Government, as well as Mr. Yu Qibing, Chairman of Kibing Group, and key stakeholders.

YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry Malaysia (MITI) said, “We welcome SBH Kibing Solar’s RM3-billion expansion through its second manufacturing plant in Sabah. This reflects the company’s confidence in Malaysia’s attractiveness as an investment hub, as well as in our policies on sustainable manufacturing and green economy, particularly as emphasised by the recently launched New Industrial Master Plan 2030 (NIMP 2030). The significant investment in the new plant reaffirms Malaysia’s standing as a key player for the complete manufacturing value chain for solar PVs, while also supporting Malaysia’s achievement of its net zero GHG emission goal by 2050. We applaud SBH Kibing Solar’s investment and its potential for higher-paying, quality employment opportunities, particularly for Malaysians in Sabah.”

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, expressed his congratulations to the company for reaching another remarkable milestone in its ongoing development in Malaysia, “We extend our heartfelt congratulations to SBH Kibing Solar for its commitment to advancing Malaysia’s glass industry and ecosystem. It also serves as evidence of the company’s trust in Malaysia’s abilities, facilities and workforce. We are optimistic that its new solar photovoltaic glass manufacturing facility will serve as a guiding light for the entire industry, motivating others to emulate its path and contribute to our shared progress and achievements. The spill-over from this investment would certainly benefit Sabah in many ways including transfer of technology and job creations. This would inevitably aid in progressing the state into a thriving manufacturing center and stimulating the economic development of Sabah.”

Meanwhile, Mr. Yao XinXi, Kibing Group Assistant Chief Executive Officer, remarked, “With the launch of this solar glass manufacturing plant, we aim not only to produce high-quality solar glass but also to foster local talent and create employment opportunities for the community. Our commitment to excellence in technology, innovation, and sustainability will ensure that the plant operates at the highest standards. I am confident that this strategic investment will not only foster significant advancements in the renewable energy sector but also contribute to the overall socio-economic growth of Sabah. Together, let us embark on this journey towards a more sustainable future, where innovation, collaboration, and environmental consciousness converge for the betterment of Sabah.”

He pointed out that the new manufacturing facility in KKIP will be Kibing Group’s second plant in Malaysia after the first plant in Negeri Sembilan producing float, ultra-clear and coated glasses since 2017. Kibing Group has other operations in Sabah, namely mining of silica sand and a processing plant located in Sikuati, Kudat.

Sabah was chosen due to availability of raw material of high-quality sand, proximity to market, as well as excellent support from the Malaysian Government. The project aims to obtain all the necessary approvals and kick-start the ground construction in seven months from the concluded negotiation period. So far, the progress has been seamless due to the close cooperation between the federal and state governments.

*****

About MIDA

About SBH Kibing Solar New Material Sdn. Bhd.

SBH Kibing Solar New Materials (M) Sdn. Bhd. was incorporated in 2022 to produce Solar Photovoltaic Glass in Kota Kinabalu Industrial Park, Kota Kinabalu, Sabah. Solar Photovoltaic Glass together with transparent semiconductor-based photovoltaic cells, which are also known as solar cells, can be assembled to Solar Module which enable the conversion of light energy (sunlight) through it and convert into electricity. It can be installed on roofs of buildings to produce power for an entire building. With the new Environmental, Social and Governance (ESG) policy, the PV power generated could be considered green or clean electricity because its source is renewable and it does not cause pollution which is aligned with the ESG policy. In addition, rise in demand for solar systems in residential, commercial, and utility scale boosts the growth of the solar PV glass market.

Production and operation of SBH Kibing Solar New Materials (M) Sdn Bhd requires several main machines such as raw material processing equipment, furnace equipment, forming & annealing equipment, quality assurance equipment, flat glass cutting equipment, and glass packing equipment. These technologies require several parts from several countries and will be assembled in China to ensure high technology of machineries and equipment will be used to ensure efficiency and effectiveness of production.

With the investment in advanced technology, the maximum annual capacity is 876,000 MT per annum. 90% of company’s majority products will be sold in Malaysia, exporting to ASEAN Countries, South East Asia countries and Europe, United State of America. Amongst the company’s main target customers are Risen energy, JinkoSolar Holding Co Ltd, JA SOLAR Technology Co Ltd, and Longi.

For media enquiries, please contact:

MIDA

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

SBH Kibing Solar New Material Sdn Bhd

Tel: 088-497749
Email: [email protected]

Kibing Announces The Launching Ceremony of Its New RM3 Billion Kota Kinabalu Industrial Park (KKIP) Manufacturing Facility

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

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

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

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

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

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

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

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

*****THE END*****

About MIDA:

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

About InvestPerak

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

FOR MORE INFORMATION, PLEASE CONTACT:

MIDA

En. Sukri Abu Bakar

Director, Domestic Investment Division

Tel: +603-22673685

Email: [email protected]

InvestPerak

En. Mohamad Hashim bin Abdul Ghani

Chief Executive, Invest Perak

Tel.: +605-529 2447

Email: [email protected]

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

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Bintulu, 20 October 2023 – LONGi Malaysia held a groundbreaking ceremony for its new Samalaju plant, situated on a 125-acre site, today. The ceremony was officiated by the Deputy Premier of Sarawak, Datuk Amar Haji Awang Tengah Ali Hasan, who is also the state’s Minister for International Trade and Investment. The event was also attended by other government officials including from the Malaysian Investment Development Authority (MIDA), as well as Mr. Li Wenxue, Vice President of LONGi Green Energy Technology Co. Ltd., and key stakeholders.

Datuk Wira Arham Abdul Rahman, the Chief Executive Officer of MIDA, expressed his congratulations to LONGi for reaching another remarkable milestone in their ongoing development in Malaysia, following their recent announcement in Serendah, Selangor. “We extend our heartfelt congratulations to LONGi for their commitment to advancing Malaysia’s electrical and electronics (E&E) industry. The substantial investment for the new Samalaju plant further underscores Malaysia’s position as a prime hub for comprehensive solar ecosystem manufacturing. This investment and unwavering commitment to sustainable practices align seamlessly with the objectives set forth in our nation’s New Industrial Master Plan (NIMP) 2030. It is also a testament to the company’s confidence in the capabilities of our local talent, including highly skilled engineers and technicians. We are hopeful that LONGi’s pioneering efforts will serve as a shining example for the entire industry, inspiring others to follow suit and contribute to our collective growth and success”.

Meanwhile, Mr. Li Wenxue, Vice President of LONGi Green Energy Technology Co. Ltd.,in his speech, said, “As global demand for renewable energy continues to grow, solar power generation has gradually become a mainstream clean energy source. Many countries have established relatively complete solar power generation systems. With the advancement of solar technology, the cost of solar power generation is gradually decreasing and becoming more and more economical. The solar industry has huge development potential and will make an important contribution to the global energy transformation.”

He pointed out that in 2016, LONGi Group inaugurated its very first overseas base in Kuching, which is also the world’s first vertically integrated monocrystalline silicon solar manufacturing base.

Owing to Kuching base’s smooth sailing operations, LONGi deployed its second major investment project in Sarawak. This project is the first solar manufacturing factory in Bintulu Samalaju Industrial Park (SIP). The Bintulu monocrystalline ingot manufacturing project covers an area of 125 acres, with a forecast investment of RM1.3 billion, equivalent to approximately RMB2 billion.

In a press release, LONGi said SIP was chosen due to its proximity to its raw materials supplier and deep-sea port, as well as for its affordable and sizeable industrial lands. It will have a capacity of 6GW and the production is expected to begin at the plant in the first quarter of 2024.

The new project will hire 1,213 new employees, of which at least 90 per cent are to be filled by locals and 20 per cent will cater for positions in science, technology and engineering. LONGi is committed to sharing science and technology achievements, providing advanced technical training and management experience and other support, and cultivating high-quality talents with an international perspective locally through joint research, talent training, and improving science and technology innovation capabilities. At present LONGi has hired 4,461 employees in Kuching.

-ENDS-

About MIDA

About LONGi Green Energy Technology Co., Ltd.

LONGi Green Energy (Shanghai Stock Exchange Code: 601012.SH) is committed to becoming the world’s most valuable solar technology company. With the mission “Harnessing the brilliance of the sun to create a green energy world” and upholding the brand positioning of “stable, reliable, and technologically-driven”, the company focuses on technological innovation, targeting global customer needs. They have established five main business sectors: monocrystalline silicon wafers, cell modules, commercial and residential distributed solutions, ground photovoltaic system solutions, and hydrogen energy equipment, forming the capability to support global zero-carbon development with “green electricity” + “green hydrogen” solutions. In 2020, LONGi Green Energy took the lead in joining the international climate initiatives RE100, EP100, and EV100. By setting Science-Based Targets (SBTi), the company continually promotes its sustainable development, supports the energy revolution, and contributes to building a “green earth”. For more information, please visit: www.LONGi.com

For media enquiries, please contact:

MIDA

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

LONGi

Ms. Chong Wai Ling
Admin Manager, General Manager’s Office, LONGi Malaysia
T: +6082-530800
E: [email protected]

Longi Malaysia Breaks Ground on Its New RM1.3 Billion Bintulu Samalaju Plant

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Phase One is set to have a potential annual production capacity of 30,000 vehicles
Generating an estimated 1,000 new jobs in Melaka and strengthen the local automotive industry, accelerating Malaysia’s vision to become regional EV and EEV hub

KUALA LUMPUR, 20 October 2023 — Main Market-listed EP Manufacturing Berhad (“EPMB” or “Group”) has announced a ground-breaking step in the automotive industry with the initiation of its pioneering automotive manufacturing facility in Melaka. This strategic move is part of EPMB’s commitment to establishing a manufacturing hub for energy-efficient vehicles (“EEVs”) and electric vehicles (“EVs”) in Malaysia, contributing significantly to the global shift towards sustainability.

The establishment of the new facility will unfold in several phases at the HICOM Pegoh Industrial Park, marked by a substantial investment of over RM100 million. This project is poised to create around 1,000 new job opportunities in the state of Melaka, bolstering the state’s growing significance within the regional and global EV industry. Upon completion, the first phase of this new facility will have the capacity to produce up to 30,000 vehicles a year.

Today’s ground-breaking ceremony was witnessed by YAB Datuk Seri Utama Ab Rauf Yusoh, the Chief Minister of Melaka, alongside Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Senior Executive Director, Investment Policy Advocacy, of the Malaysian Investment Development Authority (MIDA) representing Datuk Wira Arham Abdul Rahman, the Chief Executive Officer of MIDA.

Datuk Wira Arham Abdul Rahman, CEO of MIDA, applauded the company’s latest milestone and said, “Congratulations EPMB and BAIC for the strategic collaboration in shaping the future of sustainable mobility. Such collaboration with BAIC is a testament of their confidence in Malaysia’s attractiveness as an investment destination and underscores the nation’s cutting-edge automotive manufacturing capabilities, with EPMB leading the way. This new manufacturing facility, dedicated to EEVs and EVs, perfectly aligns with the Low Carbon Mobility Blueprint (LCMB), National Automotive Policy (NAP) 2020 and Malaysia’s New Industrial Master Plan 2030 (NIMP 2030) aspirations. These policies are rooted in harnessing opportunities in ESG sensitive markets and swiftly adopting technology to enhance the technological ecosystem of our manufacturing sector and Malaysia’s commitment towards sustainable transportation.”

Mr. Ahmad Razlan Mohamed, Group Chief Executive Officer of EP Manufacturing Berhad, expressed, “We are excited to share news of the initiation of our inaugural automotive manufacturing plant. The establishment of an EV manufacturing facility is a pivotal step in realizing our comprehensive vision of developing a 360° supply chain for Malaysia’s EV market. Collaborating closely with our strategic partner, BAIC, we are poised to construct a cutting-edge EV manufacturing facility in Melaka, heralding the commencement of the next chapter in our growth trajectory. Additionally, we are keenly looking forward to collaborating with GWM, our esteemed customer, in contributing to position Malaysia as a central hub for EV and EEV in the ASEAN region.”

This milestone project for the Group solidifies EPMB’s strategic partnership with BAIC International Development Co Ltd (“BAIC International”), a Fortune Global 500 company and a major player in China’s automotive industry. EPMB signed a Memorandum of Understanding (“MoU”) with BAIC International in August, paving the way for local production of BAIC’s BJ40P and X55II sport utility vehicles (“SUVs”), right-hand drive (“RHD”) internal combustion engine (“ICE”) vehicles, and EVs. EPMB also expects to assemble vehicles for Great Wall Motor Sales Malaysia Sdn. Bhd. (“GWM Malaysia”), a subsidiary of Great Wall Motor Co., Ltd. (“GWM”) at this plant, based on the MoU which was signed by both parties on October 18, 2023.

EPMB received approval for a Manufacturing License from Malaysia’s Ministry of Investment, Trade, and Industry (MITI) on July 11, 2023 allowing the manufacture and assembly of four-wheel EEVs, EVs, and electric commercial vehicles.

Malaysia has successfully secured RM26.2 billion in approved investments for the EV sector through 59 projects from 2018 to 1H2023. The Government, through MITI and MIDA, is dedicated to facilitating investment opportunities and promoting growth in the EV automotive segment.

-THE END-

About MIDA

About EP Manufacturing Berhad

Listed in 1997, EP Manufacturing Berhad (“EPMB”) is an industrial group advancing the future of sustainable mobility. A trusted Tier-1 automotive supplier, EPMB operates five plants and factories strategically located across Malaysia, supplying modular assemblies, safety and critical components to carmakers including PROTON, Perodua, Honda, Mazda, Toyota & Kia.

With over 40 years of technical expertise and alliances with world-class partners, EPMB is positioned to empower the automotive industry as it navigates a new era. Aiming to be a leading automotive player, EPMB is providing a 360° supply chain for Malaysia’s electric vehicle (EV) market, spanning manufacturing, assembly, sales, and marketing of EVs. Under this initiative, EPMB is partnering with major automotive players to manufacture, assemble and distribute EVs, such as Blueshark electric scooters, in Malaysia and other Southeast Asian markets.

Beyond the mobility industry, EPMB is actively pursuing strategic opportunities in other sectors inclusive of property development and tourism. EPMB’s property subsidiary, Kensington Development, is expected to launch its first project in Taman Seri Pelangi, Kota Kinabalu, in Q1 2024.

For further media enquiries, please contact:

MIDA

Mr. Mohd Riduan Abd. Rahman
Director or Transportation Technology Division
Tel.: +603-2267 6634
Email: [email protected]

Sense Consultancy on behalf of EP Manufacturing Berhad

Mr. Anthony Lee
Tel: +6012 338 3705
Email: [email protected]

EPMB Announces New Car Manufacturing Facility in Melaka

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Kuala Lumpur, October 10, 2023 – The Malaysian Investment Development Authority (MIDA) successfully hosted a seminar today at MIDA Sentral, Kuala Lumpur, aimed at bolstering local machinery and equipment (M&E) companies’ competitiveness to enhance the supply chain ecosystem for multinational corporations (MNCs) and large local companies (LLCs). The event gathered over 160 participants from the private and public sectors, including financial institutions, to provide information on government facilitation programmes for M&E companies and offer insights into financial institutions’ support for adopting emerging technologies. The seminar also aimed to integrate local companies into the supply chains of MNCs and LLCs.

The event was inaugurated by Ms. Lim Bee Vian, the Deputy Chief Executive Officer (DCEO), Investment Development of MIDA. It featured a panel discussion on “Sourcing and Supply Chain Opportunities” with speakers from anchor companies in the M&E industry, including Lam Research International Sdn. Bhd., Cohu Malaysia Sdn. Bhd., Genetec Technology Berhad, and JF Microtechnology Sdn. Bhd. These industry leaders shared insights on sourcing and supply chain opportunities in Malaysia.

Supported by the Machinery and Engineering Industries Federation (MEIF) and Malaysia Productivity Corporation (MPC), the event featured a consultation clinic that connected participants with industry experts, fostering opportunities for fresh partnerships and collaborations. With over 75 companies participating, this clinic is proven to be an invaluable inclusion. Additionally, MEIF presented on “Capacity Building Towards Global Competitiveness” while financial institutions and MIDA shed light on available financing options and government facilitation.

MIDA Deputy Chief Executive Officer of Investment Development, Ms. Lim Bee Vian, in her welcoming remarks, emphasised “Given the complex and dynamic nature of the future of manufacturing, it is important for us to strengthen the partnerships within the local manufacturing ecosystem in order to pool resources, share risks and increase adoption rates. There are many of our local companies with capabilities, from serving as contract manufacturers to Original Equipment Manufacturers (OEMs). They offer a sophisticated ecosystem with world-class R&D, design, and engineering capabilities. While we may not be present in every part of the global value chain, we aim to occupy critical segments where we can add value and remain resilient against competitors who rely solely on cost advantages.”

She also highlighted on the Government’s latest funds amounting to RM235 million to drive automation, digitalisation, and sustainable ESG practices, namely the Domestic Investment Accelerator Fund (DIAF), Foreign Investment Accelerator Fund (FIAF), and MADANI Smart Automation Grant (SAG MADANI), stated “The Government is confident that these funding facilitations will propel our nation towards the vision of a sustainable and dynamic industrial ecosystem. With the facilitation by MIDA, these funds will empower businesses especially local SMEs and Mid-Tier Companies to innovate, expand, integrate in the technologically evolving global supply chain and actively contribute to our nation’s economic progress. As such, I urge all of you to explore these funding facilitations to elevate your business growth.”

The New Industrial Master Plan 2030 (NIMP 2030), launched on the 1st September 2023, emphasis on encouraging the industry to innovate and produce more sophisticated products to boost economic complexity. This strategic focus will lead Malaysia to transition to higher value-added activities, moving beyond traditional manufacturing models towards an innovation-driven manufacturing hub. This concept is closely related to supply chain in several ways whether it be on diversification of supply sources, global supply chain integration, and market access.”

Mr. Sebastian Butz, Supply Chain Director Asia of Cohu Malaysia Sdn. Bhd., commended the seminar for encouraging local companies to enhance competitiveness, stating, “This seminar serves as an exceptional platform to elevate the competitiveness of local firms, enabling them to contribute sustainable innovations for the future of Malaysia’s industrial development. It provides an excellent platform to enhance local companies’ competitiveness in providing sustainable innovation for the future of Malaysia’s industrial development.”

Dato’ Foong Wei Kuong, Managing Director of JF Technology Berhad, stated the importance of a world-class supply chain. He explained, “Having a world-class supply chain is pivotal for industries and the nation’s continued prosperity. Malaysia assumes a crucial role in the global semiconductor value chain, attracting foreign direct investments through its established supply network including the M&E. M&E stand as the cornerstone for moving up the value chain, and investments in cutting-edge technologies and nurturing talent are essential to remain competitive.”

“For us at JF Technology Berhad, we remain focused on investing and upgrading our capabilities while fostering future talents in order to further cement Malaysia’s position in the global semiconductor industry”. He expressed sincere appreciation for the unwavering support provided by MIDA, which has allowed Malaysia’s semiconductor industry to thrive.

Mr. Chin Kem Weng, Founder and Managing Director of Genetec Technology Berhad, highlighted, “Throughout Genetec’s 25-year journey, our collaboration with MIDA has been pivotal in elevating our homegrown company onto the global stage. MIDA’s unwavering support significantly fueled our business growth. Today’s insights and fruitful event are particularly relevant to support local players strive to enhance their processes and products as well as remain competitive in emerging segments like e-Mobility and renewable energy. This includes adapting to new regulations, policy and targets such as outline in the Low Carbon Mobility Blueprint 2021-2030 and Low Carbon Nation Aspiration 2040. Genetec is pleased to share insights on how collaborations between industries, companies, and agencies can foster growth for everyone.”

This collaborative effort, showcased through the seminar, will effectively propelled the M&E industry towards enhancing competitiveness and fostering a world-class supply chain. The Malaysian Government and relevant agencies are committed to supporting the local supply chain’s development, crucial for nurturing an innovation-driven manufacturing hub and a conducive business environment.

*****

About MIDA

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

For More Information, Please Contact:

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

MIDA Spearheads DDI Initiative Through Enhancing Competitiveness in the Machinery and Equipment Industry Towards Developing World Class Supply Chain Seminar

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UAE’s clean energy powerhouse signs MoU with Malaysian Investment Development Authority (MIDA) for 10GW of renewable energy projects to include ground mounted and rooftop solar, floating solar, onshore wind and battery energy storage systems.

Ahead of the UAE hosting COP28, development demonstrates Masdar’s market expansion in Southeast Asia and commitment to supporting Malaysia’s net-zero goals.

Masdar to invest US$8 billion to support Malaysia’s clean energy transition.

Abu Dhabi, 09 October, 2023 – Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to invest US$8 billion for up to 10 gigawatts (GW) of renewable energy projects in a strategic partnership that will significantly contribute to Malaysia’s sustainable energy transformation.

The collaboration marks an important milestone in the pursuit of a sustainable and greener future for Malaysia. MIDA will facilitate Masdar to develop up to 10 gigawatts (GW) of renewable energy projects by 2035, to include ground mounted, rooftop and floating solar power plants, onshore wind farms and battery energy storage systems.

The signing was witnessed by the Prime Minister of Malaysia, The Honorable Dato’ Seri Anwar Ibrahim; HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate; HE Ahmed bin Ali Al Sayegh, UAE Minister of State; Malaysia’s Minister of Investment, Trade and Industry (MITI), HE Senator Tengku Datuk Seri Utama Zafrul Aziz; Malaysia’s Minister of Foreign Affairs, HE Dato’ Seri Diraja Dr Zambry Abdul Kadir; and the Ambassador of Malaysia to the UAE, HE Datuk Seri Ahmad Fadil bin Shamsuddin.

The MoU was signed by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA.

HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate, said “This important agreement will see the UAE and Malaysia deepen our partnership in the development of renewable energy, directly supporting the nation’s National Energy Transition Roadmap. Ahead of the UAE hosting COP28, it further demonstrates Masdar’s and the UAE’s commitment to supporting countries across the world, decarbonising economies at home and abroad, for a just and inclusive energy transition.”

HE Senator Tengku Datuk Seri Utama Zafrul Aziz, the MITI Minister said, “It is imperative that we further strengthen Malaysia-UAE bilateral ties and relationship across various industries to help us navigate global uncertainties and identify opportunities that are of mutual benefit to both nations. The UAE – particularly through Masdar – has set a commendable example in its national pursuit of sustainability, with its recognised leadership in clean energy, low-carbon and nature-based solutions. As such, we welcome Masdar’s potential investment of up to USD8 billion, with a capacity of up to 10GW in Malaysia’s renewable energy sector. This MIDA-Masdar collaboration is in perfect alignment with the objectives stipulated in our New Industrial Master Plan 2030 (NIMP 2030) and the National Energy Transition Roadmap (NETR) in achieving sustainability and energy security for Malaysia’s industrial transformation.”

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, added “As a global clean energy pioneer with a proven track record in the commercialisation and deployment of renewable and clean energy projects, Masdar is proud to play our part in helping Malaysia achieve its ambitious target of 70 percent renewable energy installed capacity and net-zero emissions by 2050. We will bring all our expertise in delivering robust projects, that utilise cutting-edge technologies and generate much needed energy efficiently, to advance Malaysia’s renewable energy goals.”

Datuk Wira Arham Abdul Rahman, the Chief Executive Officer of MIDA, commented: “Our partnership with Masdar represents a pivotal stride in realising Malaysia’s sustainable energy aspirations. It underscores our commitment to driving positive change and embracing the transition towards a greener, more sustainable future. MIDA has proactively and enthusiastically engaged with industry partners in the country to foster innovation and cultivate solutions that are aimed at reducing carbon emissions. Our efforts are not limited to the present; they extend into the future, as we recognise the growing importance of renewable energy sources.”

Established in 2006, Masdar is active in more than 40 countries with a total electricity generation capacity of more than 20GW. It has invested, or committed to invest, in worldwide projects with a combined value of more than USD30 billion with ambitious growth plans to reach 100GW and 1 million tonnes of green hydrogen by 2030.

*****

About Masdar

Abu Dhabi Future Energy Company (Masdar) is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.

About MIDA

Contacts:

For Masdar media inquiries, please contact: [email protected]
For more information please visit: http://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar

For MIDA media inquiries, please contact:
Mr. Faizal Jalaludin
Director, Foreign Investment Division
E: [email protected]
T: +603-22676650

Masdar Signs MoU with Malaysia to Develop Up to 10GW of Renewable Energy Projects

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This paves the way for Malaysia to become a formidable ‘Asian Digital Tiger’ by 2025 with an additional investment of RM234 million (USD 50 million)

Malaysia, 10 October 2023 – NTT Ltd. a leading IT infrastructure and services company, through NTT Global Data Centers Corporation (a subsidiary of NTT Ltd.), announced the launch of its new data center in NTT Cyberjaya campus today. This facility, an investment of over RM 234 million (USD 50 million), aligns with Malaysia’s digital growth vision, aiming for Malaysia to be an ‘Asian Digital Tiger’ by 2025.

CBJ6, the sixth data center on NTT’s campus, has a critical IT load of 7MW, 4,890m²of space, two 33kV substations with diverse power reception and advanced cooling wall technology to maintain a stable environment for high density racks up to 15kW. CBJ6 complements the Cyberjaya 5 (CBJ5) Data Center, built in 2021, the combined facility has 20,000m² of space and a facility load of 22MW.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), extended his congratulations to NTT on the successful completion of this significant project, stating, “NTT’s continuous expansion in Malaysia is a strong testament to the company’s confidence in Malaysia’s capability as a data center hub in the region. Aligned with the New Industrial Master Plan 2030 (NIMP 2030), MIDA will continue to attract strategic high-tech projects that will position Malaysia as a digitally connected nation, characterised by extensive and reliable digital infrastructure. Asia’s rapid growth, amid economic uncertainty in developed economies, has led multinational companies to increase digital investments to support their expanding businesses in the region. Malaysia has garnered a strong reputation in the global data center sector, particularly in the Southeast Asia region. The country’s projected data center market size is estimated to grow at a Compound Annual Growth Rate (CAGR) of 16.15% between 2022 and 2027 and is forecast to increase by USD2,908.1 million (RM13.68 billion), according to the “Malaysia – Data Center Market 2023-2027” report published by Technavio.”

“After enduring several years of the pandemic, companies worldwide are now swiftly moving to make up for lost time. Particularly in Southeast Asia, many hyperscalers are keenly interested in establishing a robust IT platform. They recognise that by selecting NTT as their partner—a company with longstanding responsibility for managing networks, submarine cables, and data centers in Asia, they can address many challenges and drive their business effectively”, said Takeshi Kimura, Managing Director of NTT Global Data Centers Holding Asia.

Commenting on NTT’s connection with Cyberjaya, Ho Yee Chung, Managing Director of NTT Global Data Centers Malaysia, said, “Over the past two decades, NTT Cyberjaya campus has evolved in sync with Malaysia’s digital growth. NTT Global Data Centers Malaysia proudly maintains 24/7 high availability, thanks to our skilled team of 60 engineers and operators. With CBJ6’s launch, we believe we’re the prime provider of data center services, offering modern facilities and expertise that the hyperscalers in Malaysia need.”

Speaking about the launch, Doug Adams, CEO and President NTT Global Data Centers & Submarine Cable, said, “NTT’s expansion in Cyberjaya demonstrates our consistent capacity expansion in existing and new data center markets. The five Cyberjaya data centers have already empowered hyperscale enterprises, and with this new site, we reaffirm our commitment to delivering reliable infrastructure that can support the demands of our clients’ digital transformation ambitions in Southeast Asia. With their demand involving the acceleration of generative AI, our data center capacity (including planned) will soon reach 2,000 MW worldwide”.

The soon-to-commence submarine cable MIST, constructed by NTT as one of the shareholders, is poised to revolutionise connectivity at the NTT Cyberjaya Data Center, elevating Malaysia’s global network connectivity and contributing to sustainable socio-economic growth. Spanning an impressive 8,100 km, it will seamlessly connect Malaysia, India, Singapore, and Thailand, boasting a 12-fiber pair capacity capable of transmitting over 200 TBPS of data.

– End –

About MIDA

About NTT Ltd.

As part of NTT DATA, a USD 30 billion IT services provider, NTT Ltd. is a leading IT infrastructure and services company serving 65% of the Fortune Global 500 and more than 75% of the Fortune Global 100. We lay the foundation for organizations’ edge-to-cloud networking ecosystem, simplify the complexity of their workloads across multicloud environments, and innovate at the edge of their IT environments where networks, cloud and applications converge. We offer tailored infrastructure and ensure consistent best practices in design and operations across all of our secure, scalable and customizable data centers. On the journey towards a software-defined future, we support organizations with our platform-delivered infrastructure services. We enable a connected future.

Visit us at services.global.ntt

Media Enquiries:

MIDA
Ms. Rosedalina Ramlan
Director of Business Services and Regional
Operations Division
Email: [email protected]
Tel.: +603-2267 3515

Redhill Communications on behalf of NTT Ltd.
[email protected]

NTT strengthens commitment to Malaysia with the launch of Cyberjaya 6 (CBJ6) Data Center

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Dear InvestMalaysia users,

As part of MIDA’s commitment to enhancing the efficiency and delivering greater services to the investors, we’re introducing evaluation and issuance fees for applications submitted to MIDA which will occur gradually, effective from 6^th November 2023. These nominal charges include the comprehensive processing applications, producing and delivering the requested documents/status, and maintaining the online system infrastructure and performance.

Further details are available at the F.A.Q(s) on MIDA website and MIDA InvestMalaysia Portal and it can be downloaded from here.

We appreciate your understanding and cooperation as we introduce these fees. Your support is invaluable as we strive to maintain top-notch operations and continue delivering exceptional services.

F.A.Q on Evaluation and Issuance Fees

Introducing Evaluation and Issuance Fees

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KUALA LUMPUR, 6 October 2023 – The Malaysian Investment Development Authority (MIDA), in collaboration with the Malaysian Photovoltaic Industry Association (MPIA), UOB Malaysia and North Consult Engineering, hosted a pioneering seminar on solar energy at the Kuala Lumpur Convention Centre (KLCC) in conjunction with the International Greentech & Eco Products Exhibition and Conference Malaysia 2023 (IGEM 2023). The seminar was a resounding success, generating RM2.3 billion in investment leads which contributes 90% to MIDA’s target for IGEM 2023. This is a testament to the country’s commitment to being at the forefront of green technology innovation, as businesses worldwide embrace the imperative of sustainability.

Themed “Elevate Your Green Profile: Smart Investment for Sustainable Business Growth,” the event drew attention as it marked the first-ever solar energy seminar at IGEM, reinforcing the exhibition’s status as Southeast Asia’s largest trade event for green technologies and eco solutions.

During the seminar, a distinguished lineup of experts in the field of solar energy provided comprehensive insights, ranging from industry trends to tax incentives, government-backed loans and specialised financing solutions. This facilitated a robust exchange of knowledge and strategies crucial for sustainable energy integration.

Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of MIDA, highlighted the critical role of green technology in elevating businesses’ ESG performance, creating a pathway toward sustainable and responsible growth. She stated, “Malaysia’s Green Plan is a comprehensive, nationwide movement aimed at advancing our country’s sustainable development agenda. The recently launched National Energy Transition Roadmap (NETR) and the New Industrial Master Plan 2030 (NIMP 2030) outline Malaysia’s path to a sustainable and inclusive energy future. These strategic moves aim to mitigate economic risks associated with ESG factors, increase Malaysia’s attractiveness as an investment destination, and ensure our exporters maintain access to ESG-sensitive markets.”

Mr. Davis Chong, President of MPIA took the stage to deliver the seminar’s closing remarks. He underscored the paramount importance of collaboration and innovation within the solar energy sector, stated “In an era where sustainable energy solutions are no longer an option but a necessity, it’s heartening to witness the vibrant discussions and shared commitment in this room. The solar energy industry is at the forefront of reshaping Malaysia’s green energy landscape, and collaboration is key. Together, we can drive positive change and create a brighter, cleaner future.”

Mr. Beh Wee Khee, Managing Director and Country Head of Commercial Banking, UOB Malaysia said that energy efficiency improvements are the low-hanging fruits that businesses can leverage to kick-start their sustainability efforts. “UOB Malaysia is proud to support IGEM 2023 as we believe stronger collaboration between banks and industry players can make a real difference. Beyond providing solutions and advisory services, we are here to be a partner for companies looking to transition to net-zero. Whether they are seasoned investors or small companies looking at capitalising on green technology to embark on a green journey, we have tailored the right solutions under our sector-focused financing frameworks to help them achieve their ambitions.”

Investors and industry enthusiasts were reminded of the critical role of consultancy services in driving progress within the electrical utilities, solar, and power plant industries. As the green technology landscape evolves, expert guidance from entities like North Consult Engineering Sdn. Bhd. continues to be a beacon for those embarking on their journey towards sustainable growth.

The collaborative spirit and shared commitment witnessed at the seminar today reinforce the pivotal role of the solar energy industry in reshaping Malaysia’s green energy landscape. Together, through continued partnership and innovation, Malaysia has the power to drive positive change and forge a brighter, cleaner future.

*****THE END*****

About MIDA:

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

About MPIA:

The Malaysian Solar Industry Association (MPIA), established in 2007, is a non-profit organisation recognised by the Ministry of Natural Resources Energy and Climate Change (NRECC) formerly known as KeTTHA. The MPIA is dedicated to provide a credible and representative platform for the Malaysian Solar industry. We envision that in the future everyone will be able to generate their own electricity via Solar PV. MPIA expresses the industry’s interests and delivers the relevant concerns to government and policy makers that shape the landscape of the Solar industry in Malaysia. MPIA’s strong voice comes from its members consisting of the Solar supply chain. This is inclusive of manufacturers, service providers, system integrators, consultants, an insurance provider, training providers and academicians. Our goal is to ensure the strong, efficient, ethical and professional growth of the Solar industry.

MPIA encourages industries connected to the Solar Photovoltaic industry to join us as the association members, whereby more industry information will be gathered and shared. Among others, the members of the association are entitled for a training discount and exclusive invites to the event organised by MPIA.

For more information, please visit us at https://mpia.org.my/membership-2/

About UOB Malaysia:

UOB Malaysia is rated among the top banks in Malaysia with a long-term AAA rating from Ratings Agency of Malaysia. It has over seven decades of presence in the country, and operates 55 branches nationwide, offering both conventional and Islamic banking services to its customers.

UOB Malaysia is a subsidiary of UOB, a leading bank in Asia with a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe, and North America. UOB has adopted a customer-centric approach to creating long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

For further information, please visit www.uob.com.my.

FOR MORE INFORMATION, PLEASE CONTACT:

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

MPIA
Ms. Nik Nuratisha Nik Ibrahim
Senior Administration Officer
E Tel.: +603 – 6151 7227
mail: [email protected]

UOB Malaysia
Mr. Nizam Arop
Brand, Media and Communications
Email: [email protected]
Tel: 603-2638 6304/ 6017-333 6329

Ms. Sharie Elina Ibrahim
Brand, Media and Communications
Email: [email protected]
Tel: 603-2638 6589/ 6012-682 6300

MIDA’s Pioneer Seminar on Smart Investment for Sustainable Business Growth Garners Potential Investment Leads of RM2.3 Billion during IGEM2023

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Kuala Lumpur, 21 September 2023 – Federal Oats Mills Sdn. Bhd. (FOM), a pioneering leader in the oats industry, is proud to announce a significant milestone as it inaugurates its cutting-edge oat processing plant. With a rich history dating back to its incorporation in 1965, FOM has continuously evolved and innovated, establishing itself as Southeast Asia’s first oat mill and now standing as the 13th largest exporter of oat products worldwide.

The cornerstone of FOM’s recent success lies in its strategic investments in advanced technologies. The plant has a total floor area of over 260,000 square feet and specialises in producing a diverse range of oat products including oat flakes, kilned dried hulled oats, oat bran, and oat flour. Over the past 15 years, FOM’s commitment to growth and innovation has led to a sevenfold increase in its milling capacity, backed by an investment of over RM135 million. Today, FOM operates at a milling capacity of 10 metric tons per hour, a testament to its dedication to meeting the rising global demand for high-quality oats.

YB Mr H’ng Mooi Lye, Penang State EXCO for Local Government and Town & Country Planning (representing Penang Chief Minister, Right Honourable Mr Chow Kon Yeow) stated, “FOM’s expansion is a testament to Penang’s sustainable investment location. Penang’s conducive environment not only allows industry players to participate and thrive but, also able to witness true commitments made to well-being of the state. I am optimistic for FOM facility’s capabilities to achieve greater heights for the years to come.”

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) congratulates FOM on the realisation of its new modern oats processing facility, “The presence of this modern and fully automated facility aligns with the New Industrial Master Plan (NIMP 2030), which aims to encourage industries to shift away from labour intensive business models.”

“As one of the food processing leaders in Malaysia, FOM’s commitment to advancing its technology and production capacity also benefits the local vendors within its supply chain, creating positive social spillovers and improving local economies. In addition, its long-established Halal-certified oats products have opened up numerous opportunities within the global Muslim market, highly recognising Malaysia’s Halal certification. The increased capacity also aligns with the National Food Security Policy Action Plan, which aims to expand the accessibility and affordability of food, especially healthy food products. Malaysia is proud to be an international Halal production hub, as industry participants increasingly elevate into advanced food processing technologies for high standard of hygiene and food safety practices. We are looking forward to see FOM realising its “Captain Innovation Hub” in Malaysia and would be glad to facilitate necessary support.” he added.

Mr. Michael Chew Kian Hong, Deputy Managing Director of Federal Oats Mills Sdn. Bhd. reiterated “FOM will reinforce our capacity and product line strength, providing substantial room for growth and expansion to meet market needs. FOM has already, in the last three years, proven our strength in meeting the increasing demand of oatmeal and oat-based products in the region. I would like to emphasise that our company will continue to be deeply rooted in Penangas Penang has given us so much.”

“With 58 years of oat milling experience under our belt, we deeply commit to meeting demand and supply obligations, apart from corporate family commitments. We continue to be unyielding in pushing the limits of our own production, sales and marketing and human resource efficiencies. This commitment to innovation will continue to be the differentiating factor between us and the competition. At the same time, we want to do our part in helping to sustain our earth’s resources better for our future generations.” he added.

FOM’s commitment to automation and cutting-edge technology has allowed it to maintain impeccable control over the entire oat milling process, ensuring consistency and quality in every product it delivers to the market. This commitment to quality has been validated by its certifications from global food authorities, including FSSC 22000, ISO 22000 and HACCP, as well as Halal and non-GMO certifications.

From its inception, FOM demonstrated a commitment to excellence, quickly gaining recognition for its dedication to quality and innovation. In 1970, shortly after its establishment, FOM introduced the iconic Captain brand, which rapidly gained traction in the Middle East, as well as Southeast Asia market. This pivotal success paved the way for FOM to gradually expand its global export footprint, making Captain oats a household name in over 30 countries across the globe.

Looking ahead, FOM has ambitious plans for growth. Leveraging its new cutting-edge facility, FOM is looking to extend its reach into the rapidly growing plant-based beverage and meat industries. FOM is also excited to unveil its visionary Captain Innovation Hub, which is slated for completion by 2028. This hub aligns seamlessly with the pursuit of healthier lifestyles, aiming to introduce a range of innovative oat products to the younger generation.

As FOM embarks on this transformative phase, it remains steadfast in its commitment to innovation, excellence, and customer satisfaction. The journey from its establishment in 1965 to its current status as a global oats industry frontrunner encapsulates its unwavering dedication and its relentless pursuit of excellence.

*****

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

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 Center (providing assistance to SMEs) and Penang CAT Center (for talent attraction and retention). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About Federal Oats Mills Sdn. Bhd.
Federal Oats Mills is a pioneering oats industry leader with a rich history dating back to 1965. As Southeast Asia’s first oat mills and the 13th largest exporter of oat products worldwide, FOM has consistently demonstrated its commitment to innovation, quality, and customer satisfaction. With a state-of-the-art plant and a diverse range of oat products, including oat flakes, kilned dried hulled oats, oat bran, and oat flour, FOM continues to set the standard for excellence in the industry.

For more information, please contact:

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

InvestPenang
Ms. Elaine Cheah/ Ms. Michelle Goy
Email: [email protected]/ [email protected]
Tel: +604 646 8833

Federal Oats Mills Sdn. Bhd.
Ms. Tan Yin Joo
Assistant Marketing Manager
Email: [email protected]
Mobile: +6012-514 8499
Website: https://mycaptainoats.com/

Federal Oats Mills Embarks on A New Era of Oats ProductionWith State-Of-The-Art Plant

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

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

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

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

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

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

*****

About MIDA

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

About Alton

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Malaysia’s Thriving Manufacturing Sector Performance

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

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

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

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

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

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

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

Primary Sector Reflects Positive Trend

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

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

Doubling Efforts in Attracting Quality Investments

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

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

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

***THE END***

About MIDA

For media enquiries please contact:

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

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Infografik_BM

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

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

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

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

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

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

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

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

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

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

***END***

About MIDA

About ams OSRAM

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

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

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

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

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

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

For further information:

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

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

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

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

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

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

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

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

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

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

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

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

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About MIDA

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

About CPL Aromas

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

Let’s Create Together

For further information, please contact:

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

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

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

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A 14MWp rooftop solar PV system to be installed at Toyo’s main buildings facilities, the largest of its kind in Kamunting, Perak.
This allows TTM to offset 12,195 tonnes of carbon dioxide annually.
The allowable capacity for solar PV systems under the NEM and SELCO programme has raised from 75% to 85% of maximum demand, which encourage more companies to adopt solar energy.

Kuala Lumpur, 28 August 2023 – Clean energy expert, Solarvest Holdings Berhad (“Solarvest” or the “Group”) has secured a new contract from Toyo Tyre Malaysia Sdn. Bhd. (“TTM”) to install a 14 megawatt-peak (“MWp”) rooftop solar photovoltaic (“PV”) system at its tyre manufacturing plant in Kamunting, Perak, the largest of its kind in the area.

Under the contract, the Group will undertake the engineering, procurement, construction, and commission (“EPCC”) works for the installation of solar PV system at the main buildings facilities covering a rooftop area of 96,000 square meters (“sqm”). With the expected generation of 14MWp of clean energy, it allows TTM to offset 12,195 tonnes of carbon dioxide annually.

Datuk Wira Arham Abdul Rahman, the Chief Executive Officer of Malaysian Investment Development Authority (“MIDA”), highlighted the strong dedication of TTM in maintaining sustainable operations. He emphasised, “As the world transitions to a low-carbon future and a greener economy, MIDA is taking steps to help businesses overcome the challenges and capture the opportunities on the green transition. We applaud TTM’s RE100 initiatives, which underscore their firm commitment to Environment, Social and Governance (“ESG”) principles within their corporate framework by collaborating with Solarvest to establish a rooftop solar PV system. This commitment aligns with our National Investment Aspirations (“NIA”) and the New Investment Policy “(NIP”), as well as the recently announced National Energy Transition Roadmap (“NETR”) which are crucial in nurturing sustainable growth and forging a greener future for Malaysia and rakyat.”

Executive Director and Group Chief Executive Officer of Solarvest, Mr. Davis Chong Chun Shiong (张俊雄) said, “We are delighted to have been chosen by TTM to undertake this project and appreciate the confidence they have placed in our technical expertise. With our knowledge and experience, we are confident in our ability to assist TTM in achieving optimal energy efficiency for the plant while ensuring timely project completion.”

“There is a growing interest in clean energy adoption, especially among commercial and industrial (“C&I”) players as corporate sustainability initiatives gain momentum and in anticipation of carbon pricing mechanisms. Our job pipeline remains strong with a tender book of approximately 2.2 gigawatts (“GW”) comprising large-scale power plants, C&I, and overseas projects. As a decarbonisation partner, Solarvest is committed to promoting energy transition through efficient renewable energy solutions and innovative green technologies” Mr. Davis concluded.

Following the Malaysian government’s commitment to encouraging energy efficiency and renewable energy transition, the allowable capacity for solar PV systems under the Net Energy Metering (“NEM”) and Self-Consumption for Solar PV Installation (“SelCo”) programmes had raised from 75% to 85% of maximum demand. TTM’s sustainability initiative is commendable as one of the first companies to adopt this new capacity limit, leading to the development of one of Perak’s largest rooftop solar PV systems.

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

About Solarvest Holdings Berhad
Solarvest is a clean energy expert with a multi-national presence across Asia-Pacific. The Malaysia-based company started as a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms. Today, Solarvest also owns renewable energy generation plants with a cumulative capacity of over 100MW (on-going and completed). The company is currently venturing into other clean energy solutions including, among others, energy efficiency, low-carbon mobility, and renewable energy certificates.

Solarvest is listed on the Main Market of Bursa Malaysia. For more information, log on to https://solarvest.my

Released on behalf of Solarvest Holdings Berhad by Capital Front Investor Relations

For media enquiries, kindly contact:

MIDA
Mr. Nelson Samuel Wilson, Director of Green Technlogy
(E) [email protected]
(T) +603-22673635

Solarvest Holdings Berhad
Ms Khai Min Lim, Investor Relations Executive
(E) [email protected]

Ms. Yvette Foo, Senior Digital and PR Marketing Executive
(E) [email protected]

Solarvest Advances Toyo Tyre’s RE100 Initiative with Largest Rooftop Solar PV System in Kamunting, Perak

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