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PASIR GUDANG, JOHOR, 9 MAY 2025 – The Oryx Stainless Group (Oryx), one of the world’s leading suppliers of recycled stainless steel raw materials headquartered in the Netherlands, today officially opened its latest facility in Johor, Malaysia. The site reinforces the region’s position as a strategic hub for sustainable industrial growth.

Around 200 distinguished guests attended the landmark opening ceremony, including Yang Amat Berhormat Menteri Besar Johor, Dato’ Onn Hafiz Bin Ghazi, foreign ambassadors, and senior government officials including the Malaysian Investment Development Authority (MIDA). The facility showcases Oryx’s commitment to combining environmental stewardship with industrial excellence.

“We are proud that Johor is now home to a facility that demonstrates how climate action, industrial excellence and economic development can go hand in hand. With Oryx Stainless, we are welcoming not only an international leader in green industry – but a true partner in our journey toward sustainable prosperity,” said YAB Menteri Besar Johor, Dato’ Onn Hafiz Bin Ghazi.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA commended Oryx Stainless for the opening of their new facility, stating, “Malaysia, under the MADANI Government, has implemented specific policies to advance sustainable industrial development. Oryx Stainless Group’s new Johor facility demonstrates how international expertise can transform our manufacturing landscape. As a respected name in stainless steel recycling, Oryx Stainless strengthens both Johor’s industrial capabilities and Malaysia’s position in the global circular economy. MIDA actively supports investments that combine innovation with measurable environmental impact, particularly those creating high-skill employment opportunities for Malaysians”.

“Malaysia is key to our strategy of bringing high-quality, low carbon footprint stainless steel raw materials closer to the production centers of Asia,” said Mr. Tobias Kämmer, CEO of Oryx Stainless Holding. “Our investment in Johor is not only a business decision – it is a commitment to long-term collaboration, green growth, and shared prosperity. We are proud to contribute to Malaysia’s vision of becoming a global leader in sustainable industrial transformation.”

A milestone for Malaysia’s green transition

The facility arrives at a crucial time for Malaysia’s environmental goals, supporting the national target of 45% carbon intensity reduction per GDP by 2030 and helping attract RM300 billion in green investments. With each ton of recycled material saving up to 8.5 tonnes of CO₂, the plant’s annual impact approaches 1 million tonnes in emissions reduction.

“Only in very few industries is the recycling rate as high as in stainless steel,” explains Michael Pawlowski, Co-Founder and Chairman of the Supervisory Board of Oryx Stainless Group. “New stainless steel – with no loss in quality – can be produced from up to 90% of the materials processed on this site. The prerequisite is: Smart Recycling, as Oryx Stainless has practiced it since 1990.”

Oryx specialises in creating precise blends of recycled raw materials for various stainless steels, addressing the need for over 150 different alloys. Their process involves analysing, storing, and producing high-quality recycled materials to meet specific metallurgical compositions. This ensures consistent quality and reduces the use of high carbon footprint primary raw materials like ferronickel, ferrochrome, and ferromolybdenum. Leveraging its smart logistics and a digitised production setup, Oryx also ensures that the entire blending process is as climate-neutral as possible.

Empowering local talent

Local talent development stands central to the facility’s mission. Malaysian employees have already completed advanced training in Thailand, learning to operate specialised equipment including Malaysia’s first special Sennebogen material handlers. The workforce, drawn almost entirely from local communities, is set to double by mid-2026. Partnerships with Malaysian universities create pathways for engineering students into the growing green technology sector.

As Phase 1 begins, the facility will process 150,000 tonnes of stainless steel annually, marking a significant step forward in regional resource conservation and sustainable manufacturing. This investment demonstrates how industrial growth can drive both economic and environmental progress in Southeast Asia.

From left to right – YDH ACP Mohd Sohaimi bin Ishak, Ketua Polis Daerah Seri Alam; Yang Berbahagia Encik Mohamad Reduan bin Mohamad Zabri, Director of MIDA Johor; Yang Berhormat Dato’ Haji Mohamad Noorazam bin Dato’ Haji Osman, Chief Executive of IRDA; Yang Berhormat Tuan Haji Azizul bin Bachok, Johor State Legislative Assemblyman for Tiram; Yang Berhormat Tuan Lee Ting Han, Chairman of the Johor State Investment, Trade, Consumer Affairs and Human Resource Committee; and Yang Amat Berhormat Dato’ Onn Hafiz bin Ghazi, Menteri Besar Johor; Mr. Michael Pawlowski, Co-founder and President of the Supervisory Board of Oryx Stainless Group; Mr. Jong Min Lee, Stainless Steel Purchase Group Leader at POSCO; Mr. Tobias Kammer, Group CEO of Oryx Stainless Group; Mr. Roland Mauss, Group CFO of Oryx Stainless Group; and Mr. Marthijn Smit, CEO of Oryx Stainless Malaysia.

**The End**

About MIDA

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

About Oryx Stainless Group

Oryx Stainless Group with its parent company Oryx Stainless Holding B. V. is an internationally leading business group for trading and processing scrap metal as a raw material for stainless steel production. Customers include producers of long and flat stainless steels around the world. On the supplier side Oryx Stainless has a wide, continuously expanding, international procurement base. As a business group that operates worldwide, delivering good service and a transport infrastructure that works smoothly are essential. The company guarantees both with their sites in Europe and South-East Asia. Since 2012 Oryx Stainless is present in Thailand with Oryx Stainless (Thailand) Co., Ltd. The company is also present in Malaysia with its subsidiary Oryx Stainless Malaysia Sdn. Bhd. in Pasir Gudang, Johor.

For more information, please contact:

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

ORYX STAINLESS MALAYSIA SDN. BHD.
Marthijn Smit
Phone +66 (0) 38 571 960
[email protected]
www.oryx.com
Website: www.oryx.com

(201101030835 / (958970-U)
PTD 4692, Jalan Rumbia 4
Kawasan Perindustrian Tanjung Langsat
81700 Pasir Gudang
Johor, Malaysia

Oryx Stainless Opens New Flagship Facility in Johor, Malaysia – Strengthening Global Circular Economy and Green Steel Ambitions

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400 Industry Leaders gathered to redefine Malaysia’s role in the global data economy.
Government Focus on digital growth with YB Liew Chin Tong, Deputy Minister MITI and MIDA’s CEO leading discussions.
Thought-provoking panel sessions on nurturing data centre ecosystems by key industry leaders.
Impactful business matching sessions for local suppliers to explore opportunities with renowned global companies.
Malaysia’s Data Centre Market Growth: From USD4.04 billion in 2024 to USD13.57 billion by 2030¹.

KUALA LUMPUR, 8 May 2025 – In a defining moment for Malaysia’s digital future, the Malaysian Investment Development Authority (MIDA) successfully hosted Data Centre Nexus 2025—a landmark event that brought together 400 stakeholders from across the digital ecosystem to reimagine Malaysia’s role in the global data economy.

The event was officiated by YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry (MITI), following opening remarks by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA.

Data Centre Nexus 2025 was designed to foster collaboration, strengthen Malaysia’s local supply chain, and address critical gaps in the data centre ecosystem. It also explored policy enablers for digital transformation and championed cloud adoption as a catalyst for innovation and economic resilience.

In his keynote address, YB Liew Chin Tong urged stakeholders in the data centre sector to collaborate and achieve multiple “wins” for Malaysia. The three missions of the data centre sector should be: leading the way in energy transition, shifting away from coal to low-emission sources; investing in a Malaysian equipment supply chain to create a “Build by Malaysia” era, growing local suppliers to achieve greater potential, and; creating data centre service jobs for Malaysia and the region across the whole value chain of the data centre sector.

Datuk Sikh Shamsul Ibrahim emphasised MIDA’s evolving role, noting, “While attracting investment is important, MIDA’s focus is also on creating value within the local ecosystem. Our immediate focus is resolute: to establish a resilient, Malaysian-grown local supply chain that directly fuels the expansion of our vital data centre infrastructure amidst global uncertainties. The presence of supply chain companies here today signals the strength and direction of Malaysia’s growing digital ecosystem.”

The event also featured presentations from AWS, Google, PDG, K2 Strategic Infrastructure Malaysia, YTL Data Centres, DayOne Data Centers, OCBC Bank, and HSBC Bank.

Seven high-impact panel sessions explored topics such as scaling data centres, building resilient digital infrastructure, AI-driven innovation, and leveraging regional opportunities for local economic benefits. The sessions highlighted the crucial role of local supply chains in powering Malaysia’s data centre growth, as well as the importance of cross-industry collaboration to strengthen the nation’s digital economy.

A business matching session connected 8 data centre operators with 18 local supply chain companies, fostering collaboration and exploring new opportunities.

Key Industry Developments

The Digital Investment Office (DIO), a platform by MIDA and MDEC, continues to support digital investments with streamlined processes and end-to-end support. Since 2021, Malaysia has approved RM278 billion in digital investments, with RM184.7 billion recorded from data centre and cloud-related projects. Malaysia’s data centre market is projected to grow from USD4.04 billion in 2024 to USD13.57 billion by 2030, driven by a 22.38% annual growth rate.

With the momentum from Data Centre Nexus 2025, Malaysia is poised to emerge as a global leader in the digital economy, powered by innovation, resilience, and strategic partnerships.

¹ https://news.microsoft.com/source/asia/features/why-malaysia-needs-datacenters-for-an-ai-powered-future/

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About MIDA

The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI). MIDA oversees and drives investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA operates through 12 regional and 21 overseas offices, serving as a strategic partner to businesses in leveraging opportunities from the ongoing technological revolution. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

Ms. Noorzita Mohamad Nor
Director, Business Services and Regional Operations Division
Email: [email protected] | DL: +603 – 2263 2438

APPENDIX

Industry Insights from Key Players:

Infrastructure Innovation

Ts. Lim Hui Yan, Deputy Managing Director of Gamuda Engineering:

“We are embracing Industrialised Building Systems not just for speed, but for the enhanced precision and quality control it brings to complex fast-pace projects like data centres. In today’s digital age, getting these critical facilities online quickly is vital, but it cannot come at the expense of safety and quality. Our methodology ensures we deliver high-value, complex infrastructure on accelerated timelines, meeting the exacting standards required for mission-critical operations right here in Malaysia.”

Local Vendor Opportunities

Mr. Won Moon Fui, Deputy Director of Engineering at Dunham-Bush Malaysia:

“With the influx of data centre projects, the demand for high-quality local services from electrical systems to precision cooling is rising rapidly. This is a once-in-a-generation opportunity for Malaysian vendors, and we’re proud to contribute to Malaysia’s journey toward becoming a leading regional digital hub.”

Future Growth Potential

Ts. Ng Wei Lin, General Manager of Maytech Cleanroom Manufacturing Sdn. Bhd.:

“The momentum is strong. With continued government support and clearer local content strategies, Malaysian companies are well-positioned to lead Asia’s digital infrastructure wave. This thriving ecosystem has not only enabled us to grow — it has empowered us to innovate.”

MIDA Powers Up Malaysia’s Digital Future at Data Centre Nexus

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Doubles HDI Manufacturing Capacity by Establishing Second Facility in Batu Kawan

Batu Kawan, Penang, Malaysia, 30 April, 2025 – Sustio Sdn, Bhd. (Sustio) inaugurated its second operations facility in Batu Kawan, Penang.

Sustio was established in Penang in May 2022 as a premier manufacturer and supplier of PCBs (printed circuit boards) and substrates for the semiconductor industry. Building on SIMMTECH’s legacy of innovation – with manufacturing facilities in Korea, China, and Japan – Sustio is dedicated to advancing technological excellence while fostering economic growth in local communities.

Since its inception in Batu Kawan three years ago, Sustio has invested approximately RM750 million to develop Southeast Asia’s first advanced manufacturing facility of its kind. This strategic expansion has generated 1,400 high-value jobs, strengthening Malaysia’s role in the global semiconductor supply chain.

Looking ahead, Sustio is poised for further growth with plans tailored for AI-driven applications. The SIMMTECH Group has designs on Sustio Building 3 at its current site and has secured an additional 10 acres of land for Sustio Building 4, signalling a long-term commitment to innovation and expansion in the region.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang stated, “The SIMMTECH Group’s long-term commitment—evidenced by plans for Sustio Building 3 and an additional 10-acre site for Building 4—signals a bright future for Batu Kawan as a site for advanced electronics manufacturing. .” He added, “As Penang continues to strengthen its position as the ‘Silicon Valley of the East,’ the State Government remains committed to enhancing infrastructure that supports and complements investor needs.”

In her speech, Mrs. Zalina Zainol, Deputy Chief Executive Officer (Investment Development) of Malaysian Investment Development Authority (MIDA), congratulated the company, affirming, “Sustio’s bold expansion reflects exactly the kind of forward-thinking ambition we are proud to support in Malaysia. By aligning its strategies with next-generation technologies, especially AI-driven innovations, Sustio is not just growing its business; it is helping to energise and elevate our entire semiconductor ecosystem.

“At MIDA, we believe success is about creating real opportunities for local companies, particularly through vendor development programmes in key areas like automation, raw materials, and quality control. Whether from our headquarters or right here on the ground in Penang, MIDA stands ready to support Sustio — not just today, but every step of the way, as we build a brighter, more innovative future together”, she further added.

“Our investments in Malaysia reflect our confidence in the country’s talent, infrastructure, and strategic position in the semiconductor industry,” said Mr. Jeffery Chun, CEO of SIMMTECH Co. Ltd. “With Sustio’s cutting-edge capabilities, we are not only supporting global technology demands but also empowering local economic development.”

The ribbon cutting ceremony was graced by the presence of the Chief Minister of Penang State, Chow Kon Yeow, together with many other distinguished guests from MIDA, Invest Penang, Penang Development Corp, Ambassador of Malaysia to Korea, Ambassador of Korea to Malaysia, and numerous key customer representatives, including Micron and SanDisk.

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About MIDA
The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI). MIDA oversees and drives investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA operates through 12 regional and 21 overseas offices, serving as a strategic partner to businesses in leveraging opportunities from the ongoing technological revolution. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

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

About SIMMTECH
SIMMTECH is a global leader in the manufacture of high-performance semiconductor package substrates and printed circuit boards (PCBs), serving the world’s top memory and logic chipmakers. Since its founding in 1987, SIMMTECH has continuously advanced semiconductor packaging technologies—from pioneering the mass production of module PCBs in the 1990s to becoming the first Korean company to supply package substrates for DRAM and NAND flash.

Headquartered in Cheongju, South Korea, Simmtech operates advanced manufacturing and R&D facilities in Xi’an (China), Chino (Japan), and Penang (Malaysia), strategically positioned to support customers across the global semiconductor value chain. With a strong commitment to innovation, reliability, and long-term partnerships, Simmtech continues to enable next-generation technologies worldwide.

For more information, please contact:

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

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

SIMMTECH / Sustio
Ben Lee
Finance Group Head
E: [email protected]
T: +6012-247-1921

Sustio, a SIMMTECH Group Company, Completes Its RM326 Million Phase 2 Expansion

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Strategic Partnership Launches Innovative Fund to Strengthen Domestic Semiconductor Ecosystem and Drive Sustainable Growth

Kuala Lumpur, 28 April 2025 – The Malaysian Investment Development Authority (MIDA), the Federation of Malaysian Manufacturing (FMM), and Bintang Capital Partners (Bintang Capital) have joined forces through a landmark Memorandum of Understanding (MoU) signed on 16 April 2025. This strategic alliance introduces the Bintang Semiconductor Impact Fund I (BSIF I), designed to revolutionise Malaysia’s semiconductor industry while promoting sustainable practices and social impact.

At the heart of this collaboration is the Bintang Semiconductor Impact Fund I (“BSIF I” or “the Fund”), a fund aimed at future-proofing Malaysia’s semiconductor industry by addressing both social and environmental opportunities within the sector.

MIDA CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised the importance of the collaboration, stating, “This transformative partnership marks a pivotal moment in Malaysia’s semiconductor journey. By combining MIDA’s strategic oversight, FMM’s extensive industry network, and Bintang Capital’s financial expertise, we’re creating a powerful ecosystem that will elevate local companies to global standards. Our focus is to develop world-class capabilities, attract premium investments, and establish Malaysia as a trusted global semiconductor hub. This collaboration provides the perfect platform to nurture innovation, drive sustainable practices, and create lasting economic impact for our nation.”

FMM President Tan Sri Soh Thian Lai added, “As the voice of the manufacturing sector, FMM is pleased to support this initiative, which will enable local businesses to enhance their capabilities, tap into funding opportunities, and adopt best practices in governance and sustainability, at the same time, aligning with FMM’s ambitious aspiration to cultivate 100 IPO-ready companies within five years. Helping companies become IPO-ready and granting them access to financing are crucial steps in enabling their growth. FMM is dedicated to assisting SMEs in their journey to expand and thrive. By supporting these promising enterprises, FMM aims to strengthen Malaysia’s manufacturing landscape, driving innovation and competitiveness across the region.”

The partnership aligns perfectly with Malaysia’s National Semiconductor Strategy (NSS) goals, focusing on developing local semiconductor capabilities and supporting SME growth. Through BSIF I, the collaboration aims to strengthen the domestic semiconductor value chain while preparing companies for potential initial public offerings.

Bintang Capital CEO Johan Rozali-Wathooth remarked, “As the saying goes, It takes a village to raise a child – the collaboration between Bintang Capital, MIDA and FMM brings together three critical elements needed to ‘raise’ a vibrant and sustainable high technology manufacturing industry. The collaboration combines Bintang Capital’s investment and impact track record, MIDA’s deep policy expertise, and FMM’s extensive networks within Malaysia’s manufacturing sector. On the impact front, Bintang Capital is a passionate advocate for building companies which represent the very best ideals of responsible capitalism: companies which meet the highest standards of governance and ethicality as represented by B Corp Certification, that also promote and support the empowerment of women, and who also champion environmental sustainability. Our success will put Malaysia on the global map in terms of having a highly differentiated and impactful high-technology manufacturing ecosystem.”

BSIF I will target investments in companies within and adjacent to the semiconductor value chain, including high-tech manufacturing and automation. The fund emphasises carbon transition initiatives and promotes career development opportunities for women, while adhering to global B Corp certification standards.

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*MIDA CEO, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid*

*President of FMM, Tan Sri Soh Thian Lai*

*CEO of Bintang Capital, Mr. Johan Rozali-Wathooth*

About MIDA

About FMM

The Federation of Malaysian Manufacturing (FMM) (formerly known as Federation of Malaysian Manufacturers) has been the voice of the Malaysian manufacturing sector since 1968, advocating policies and initiatives that drive industrial growth, competitiveness, and workforce development. Representing over 13,000 member companies (4,100 direct and 8,900 indirect) from the manufacturing supply chain, FMM is actively engaged with government and its key agencies at Federal, State and local levels. FMM is also well-linked with international organisations, Malaysian businesses and civil society. Apart from benefitting from FMM’s advocacy, FMM members enjoy value-added services including training, business networking and trade opportunities as well as regular information updates.

About Bintang

Founded in 2018, Bintang is a leading impact investment firm headquartered in Kuala Lumpur, Malaysia. Anchored on Bintang’s Triple-I Strategy of “Investing in Impact & Innovation”, the Firm backs visionary entrepreneurs who are aligned to Bintang’s twin core investment philosophies of Innovation and Impact.

Bintang’s efforts within the Impact Investing space have met with widespread regional and global acclaim: in October 2024, the Firm achieved a landmark milestone as the first Southeast Asian firm to win at the 2024 United Nations-supported Principles for Responsible Investment (“UN PRI”) Awards and the first Asian firm to win the Private Markets prize. More recently, Bintang was also awarded the prestigious 2024 National UN Women’s Empowerment Principles (“UN WEPs”) Innovative Financing Award for promoting gender diversity and inclusivity.

In 2023, the Firm won the Innovative Investment prize at the ASEAN Business Advisory Council 2023 awards and was also named Global SME of the Year at the Environmental Finance Sustainable Company 2023 awards. Bintang has also been recognised as a Top Impact Company by Real Leaders Magazine in January 2024.

On 21 May 2023, Bintang became a certified B Corporation, the first private investment firm in Southeast Asia to receive this certification. As part of the Firm’s ambition to promote responsible capitalism, Bintang aspires to build 150 B Corp certified portfolio companies by the year 2050.

Bintang was amongst the earliest Malaysian private sector signatories to the UN PRI and is also the first (and presently only) Malaysian signatory to the Operating Principles for Impact Management (“the Impact Principles”), an initiative hosted by the Global Impact Investing Network (“GIIN”).

The Firm’s maiden fund, BCP Asia Fund I (“BCPAF I”) is anchored by Jelawang Capital, a catalytic fund of funds programme under Khazanah Nasional Berhad, the Malaysian state sovereign wealth fund.

BCPAF I invests in highly impactful, high performance innovative companies who are committed towards B Corp certification as well as decarbonisation and women’s empowerment.

Recent investments made by Bintang include Blue Planet, a waste management and landfill management solutions provider; Involve Asia, a B Corp certified technology company that operates a performance-based marketing platform; and Care Concierge, a B Corp certified multi-award-winning provider of elderly care solutions.

Bintang’s shareholders comprise leading independent Malaysian asset management group, AHAM Asset Management Berhad and the Malaysian Armed Forces Fund Board (Lembaga Tabung Angkatan Tentera, or LTAT) as well as leading global alternative asset investment manager CVC Capital Partners as well as leading independent Japanese asset management house Nikko Asset Management.

In March 2024, Bintang launched its sequel impact funds, BCP Asia Fund II (a sector-agnostic B Corp propagator fund) as well as Bintang Semiconductor Impact Fund I (a semiconductor-ecosystem focused B Corp propagator fund) – collectively referred to as “Sequel Funds” – both of which aim to encourage adoption of the B Corp model and to collect a comprehensive dataset covering a range of impact metrices across environmental, social, and governance pillars.

Bintang’s Sequel Funds have also recently earned a Gold Rating from BlueMark’s Fund ID programme, an independent benchmark for evaluating fund-level impact performance which recognised Bintang’s funds’ comprehensive impact strategy, governance, and management practices.

Further information about Bintang is available at www.bintangcapitalpartners.com.

For Media Inquiries, please contact:

MIDA
Pn. Fatmah Ahmad
Director
Corporate Communications Division
[email protected]

FMM
Han Mong Ying
Senior Manager, Corporate Affairs
Tel: 03-6286 7200
Email: [email protected]

Bintang
Justin Seow
[email protected]
+6019 228 6618

Lee Sheung Un
[email protected]
+6017 296 3781

Charlene Lionel
[email protected]
+6013 778 2483

MIDA, FMM, and Bintang Capital Unite to Transform Malaysia’s Semiconductor Industry

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RM1 Billion Expansion Underscores Malaysia’s Strategic Role in the Global Semiconductor Value Chain

KEDAH, 23 April 2025 – Ferrotec Holdings Corporation marked a major milestone yesterday with the groundbreaking of its second high-tech manufacturing facility at Kulim, Kedah, with an investment of RM1 billion (USD226 million). This reinforces its long-term commitment to Malaysia and its growing role in the global semiconductor industry. Set for completion within a year, the second facility will strengthen Ferrotec’s Southeast Asian footprint, enabling faster delivery, enhanced customer service, and greater innovation for global markets across Asia, Europe, and the Americas, bringing the company’s total Malaysian investment to RM1.9 billion.

The ceremony was graced by distinguished guests including Mr. Noor Ikhsan Bin Abdul Aziz (COO, Invest Kedah), Mr. Mohd Rushdan Mohd Ghazali (Director, MIDA Kedah), Ar. Haji Mohd Nazri Bin Harun (MPKK), Mr. Bao You Wei (President of Ferrotec HangZhou), Mr. He Xian Han (Group CEO & President, Ferrotec Holdings Corporation), Mr. Takeru Yamamura (CEO, Ferrotec Manufacturing Malaysia), and Mr. Anzhi He (Managing Director, Ferrotec Manufacturing Malaysia).

The new Kulim Factory #2 will span nearly 1 million square feet across 20 acres and feature over 700 CNC machines, smart production lines, IoT-enabled systems, and predictive maintenance capabilities – embodying Industry 4.0 principles. It is expected to create over 1,000 high-value jobs, enhancing Ferrotec’s precision manufacturing capacity for semiconductor components.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, congratulated Ferrotec on this significant milestone, stating “Ferrotec’s continued expansion in Malaysia underscores the country’s position as a premier destination for high-tech investments in the semiconductor industry. This commitment not only reflects investor confidence in our policies, infrastructure, and talent—but also reinforces our ambition to become a regional leader in advanced manufacturing. MIDA is proud to support Ferrotec’s journey as it strengthens the global semiconductor value chain from the heart of Kedah. We look forward to even greater collaboration as Malaysia advances its New Industrial Master Plan 2030 and fosters innovation-driven, sustainable growth.”

“The groundbreaking of our second plant in Kulim is not only an important milestone in the history of Ferrotec, but also a true reflection of our deep cooperation on building the semiconductor industry chain. The success of our first facility has proven the validity of Ferrotec’s strategy of “rooting in Malaysia and serving the global market.” It has strengthened our confidence to deepen cooperation and expand investment, setting a benchmark for Ferrotec’s ventures in Malaysia. The strong support from the Malaysian government, Kedah state, and MIDA has given us the confidence to expand our presence here and further integrate into Malaysia’s vibrant semiconductor ecosystem. With our second facility, we aim to better serve our global customers with high-quality, innovative components and to contribute to the creation of a collaborative, resilient, and forward-looking semiconductor value chain in Malaysia and beyond.” said Mr. He Xian Han, Group CEO & President.

Speaking at the event, Mr. Anzhi He, MD of Ferrotec Manufacturing Malaysia, said: “Kulim Plant #2 is not merely an expansion – it is a statement of confidence in Malaysia’s thriving semiconductor ecosystem. This plant is not just bigger—it is smarter. Powered by Industry 4.0 technologies, it embodies Ferrotec’s vision for a modern factory where machines learn, adapt, and collaborate with human ingenuity.” He added, “Together with the support of MIDA, KTPC, and the Kedah State Government, we are not just building factories – we are shaping the future of AI and the fast-growing digital economy, powered by Malaysian talent and Ferrotec’s 45 years of engineering excellence.”

This expansion aligns with Malaysia’s New Industrial Master Plan 2030 (NIMP) and Kedah’s E10 initiative, both of which aim to position the country as a regional hub for advanced manufacturing and digital transformation. Ferrotec remains guided by its core values of Diligence, Aspiration, Exploration, and Innovation, driving sustainable growth and deeper collaboration in Malaysia and beyond.

**The End**

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

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

https://www.ferrotec.com/
https://ferrotec.my/

For more information, please contact:

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

Ferrotec
Ms. Tan Ai Leng
Associate Director of Ferrotec Manufacturing Malaysia Sdn Bhd
T: 04-202 4000
E: [email protected]

Ferrotec Breaks Ground on Its Second High-Technology Manufacturing Facility in Kulim, Kedah

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SELANGOR, 22 April 2025 – Global paper manufacturer Jingxing Holdings (M) Sdn. Bhd. a wholly-owned subsidiary of Zhejiang Jingxing Paper Joint Stock Co., Ltd., today launched Phase 2 of its Malaysian expansion with a RM1.9 billion investment in Banting, Selangor. The project will add 600,000 metric tonnes of annual Kraft Liner production capacity, bringing the company’s total Malaysian investment to RM3 billion.

The Piling Ceremony was attended by various distinguished guests, including H.E. Mr. Sun Shuqiang, Minister Counsellor of the Economic and Commercial Office of Embassy of the People’s Republic of China in Malaysia, Y.B. Tuan Ng Sze Han, Executive Councillor for Investment, Trade and Mobility of the Selangor State Government; Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (Investment Promotion and Facilitation) of the Malaysian Investment Development Authority (MIDA); YBrs. Tuan Mohd Hasry bin Nor Mohd, S.M.S., Yang DiPertua, Majlis Perbandaran Kuala Langat and Mr. Wang Zhiming, Deputy Chairman of Jingxing Malaysia.

The expansion includes highly advanced manufacturing lines supported by integrated thermal power, water treatment, and wastewater management facilities. The plant’s integrated automation systems will create 500 new jobs and generate annual local operating expenditure exceeding RM45 million.

Y.B. Tuan Ng Sze Han, Executive Councillor for Investment, Trade and Mobility of the Selangor State Government congratulated Jingxing on the expansion.”This significant investment underscores Malaysia, particularly Selangor, as a critical player within the global supply chain. Jingxing’s Phase 2 expansion directly supports our goals in job creation and local talent development, reinforcing Selangor’s attractiveness as a premier investment destination. Amidst escalating global trade tensions and shifting supply chain dynamics, Selangor has emerged as a key beneficiary, attracting substantial foreign investments and driving new economic opportunities,” Ng said.

Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (Investment Promotion and Facilitation), MIDA, “Jingxing’s additional RM1.9 billion investment reflects a clear alignment with Malaysia’s industrial priorities—particularly in advancing sustainable manufacturing practices. This facility stands out not just for its production capacity, but for the depth of its environmental engineering—from closed-loop water treatment systems to energy recovery through cogeneration. Malaysia offers a stable, rules-based investment environment, and we are seeing that long-term commitment from strategic investors like Jingxing. MIDA’s role has been to ensure clarity, coordination, and speed in execution.”

Mr. Wang Zhiming, the Director and Deputy Chairman of Jingxing Malaysia expressed “The expansion of Jingxing Malaysia’s Phase 2 Project marks a significant milestone in our global growth. Malaysia’s strategic location and strong support from the Malaysian Government and the Selangor State Government strengthen our decision to continue this win-win collaboration. The new plant when completed, will further enhance our product range and quality. We are emphasizing on service efficiency, local employment and supply chain opportunities. We look forward to drive technological innovation and foster long-term partnerships and growth in the paper industry; while continuing to meet the expectations of our customers for sustainably driven products.”

The expansion strengthens Malaysia’s export capabilities, with 70% of production targeted for international markets. The facility’s advanced infrastructure and automated processes will optimize manufacturing operations and product quality. This investment adds to Malaysia’s growing paper manufacturing sector, which attracted RM877.9 million in investments throughout 2024, with foreign investments contributing RM578.4 million. This represents a broader trend of international manufacturers choosing Malaysia as their strategic production hub in Southeast Asia.

**The End**

*Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA CEO*

About MIDA

About Jingxing Holdings (M) Sdn. Bhd.

Jingxing Holdings (M) Sdn. Bhd. is a wholly owned subsidiary of Zhejiang Jingxing Paper Joint Stock Co., Ltd. The company operates integrated and modern manufacturing activities including thermal power plants and water treatment plants with annual production capacity of 1.4 million metric tons of industrial packaging papers. Jingxing Holdings (M) Sdn. Bhd. is committed to produce high-quality products to fulfil the packaging needs and requirements of its customers with efficient service and at competitive cost. For more information, please visit https://www.zjjxjt.com/ and follow us on Facebook and LinkedIn.

For more information, please contact:

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

JINGXING HOLDINGS (M) SDN. BHD.
Teng Kim Chuan
Director
Tel: +65 91647656
Email: [email protected]

Jingxing Group Commits RM1.9 Billion for Malaysian Expansion

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Kuala Lumpur, Malaysia and Osaka, Japan, 17 April 2025 – A groundbreaking renewable energy partnership was announced yesterday at Expo 2025 Osaka, marking a significant milestone in Malaysia’s green energy sector. Solarvest Holdings Berhad (“Solarvest”) and HSS Engineering Sdn. Bhd. (“HSS”), alongside their Japanese partner, Shizen Malaysia Sdn. Bhd. (“Shizen”), are proud to announce a 29.99 MWac solar project under SM01 Sdn. Bhd. (“SM01”). The project, to be developed in Gurun, Kedah, represents a RM142 million investment and is expected to reduce carbon emissions by over 1.1 million metric tonnes of CO₂ throughout its lifetime.

The Malaysian Investment Development Authority (MIDA) facilitated this landmark project under the Government’s Green Investment initiative, demonstrating Malaysia’s commitment to fostering international collaboration in sustainable energy development. The project stands as a testament to the country’s growing reputation as a regional hub for green technology and sustainable investments.

The event was graced by the presence of Datuk Bahria Mohd Tamil, Deputy Secretary General (Management and Investment) of MITI and Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer of Investment Promotion and Facilitation of MIDA.

Under the Corporate Green Power Programme, SM01’s ownership structure reflects a balanced international partnership, with equal contributions from Shizen Malaysia Sdn. Bhd., Solarvest Asset Management Sdn. Bhd., and HSS Engineering Sdn. Bhd. The involvement of Shizen Malaysia, a subsidiary of Japan’s Shizen Energy Inc., brings valuable international expertise and technological knowledge to the Malaysian renewable energy landscape.

Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer of Investment Promotion and Facilitation, MIDA, shared his vision for the project, “This partnership exemplifies Malaysia’s commitment to sustainable development and our position as a prime destination for green investments in the region. The SM01 project aligns perfectly with our National Energy Transition Roadmap, demonstrating how international collaboration can accelerate our journey towards a low-carbon future. MIDA remains dedicated to facilitating such high-impact green initiatives that not only contribute to environmental sustainability but also drive economic growth and technological advancement in Malaysia’s renewable energy sector.”

Davis Chong Chun Shiong, Executive Director and Group Chief Executive Officer of Solarvest, said: “We are honoured to receive the approval from MIDA, which underscores the government’s confidence in our capabilities and commitment to clean energy. This incentive boosts the financial sustainability of the SM01 project and demonstrates the value of international collaboration, particularly with our esteemed Japanese partner, Shizen. As we accelerate our involvement as a renewable energy infrastructure developer, we remain focused on delivering impactful, reliable, and commercially viable clean energy projects in Malaysia by leveraging international partnerships and innovation-driven solutions.”

Reza Ikram, Chief Executive Officer of Shizen Malaysia Sdn. Bhd. said: “Malaysia’s stable economic environment and supportive government policies create a conducive landscape for renewable energy investments. The incentive is an enabler that enhances investor confidence by improving return potential. Our collaboration with renowned Malaysian local partners such as Solarvest and HSS further reinforces our trust in Malaysia’s green investment ecosystem. As a Japanese renewable energy developer and investor, our focus is on delivering affordable and reliable clean energy to corporate offtakers by financing large-scale clean energy projects. We are proud to partner with Solarvest and HSS in advancing sustainable energy solutions that support the environmental ambitions of both Malaysia and Japan. This collaboration represents a meaningful step forward in strengthening Japan–Malaysia cooperation in renewable energy through strategic international partnerships.”

Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman cum Acting Group Chief Executive Officer of HSS Engineers Berhad, said: “We are proud to be part of the project driving Malaysia’s key clean energy initiative. We welcome the government’s support in the form of the incentive, which enhances the financial viability of the SM01 project. As an engineering and project management partner, HSS is committed to advancing high-impact infrastructure that supports Malaysia’s sustainable development agenda. We look forward to continuing our collaboration with Solarvest and Shizen to deliver innovative and resilient renewable energy solutions for the future.”

Themed “Weaving a Future in Harmony”, the Malaysia Pavilion at Expo 2025 Osaka serves as a platform to showcase the country’s inclusive, innovative, and sustainable vision, while promoting its position as a regional hub and premier destination for trade and investment, especially in high-growth sectors such as sustainable green technology. This initiative reinforces the nation’s image as a competitive and future-ready investment destination on the global stage.

-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 Shizen Energy Group
Founded in June 2011, Shizen Energy Group is driven by the purpose, “We take action for the blue planet,” with this commitment fuels its drive to accelerate the global shift to renewable energy by harnessing solar, wind, and biomass power to create sustainable solutions that minimize environmental impact while fostering economic growth in local communities.

Since 2016, Shizen Energy has expanded its reach internationally, with projects in Southeast Asia and Brazil. In 2019, the company diversified into energy technology, introducing innovations such as micro-grids, virtual power plants (VPP), and smart EV charging services through its proprietary energy management system (EMS). With over 1 GW of renewable energy generated worldwide and recognition as the top startup by Forbes Japan in 2024, Shizen Energy continues to lead the industry.

The Shizen Energy Group remains dedicated to prioritizing environmental sustainability and the well-being of communities, ensuring the creation of thriving, resilient futures for all. For more information, log on to https://www.shizenenergy.net/en/.

About HSS Engineers Berhad
HSS Engineers Berhad (HEB Group or the Group) is an investment holding company incorporated on 23 January 2015 under the Companies Act, 1965 as a private limited company under the name of HSS Engineers Sdn. Bhd. before it was converted into a public limited company. The Company assumed its present name on 31 March 2015.

Through its subsidiaries and associates, the Group is principally involved in the provision of project management, engineering design, construction supervision, in addition to digital transformation services and recurring income.

The Group is supported by a workforce of approximately 1,000, of which more than half are professional engineers, and possesses longstanding experience in a wide array of sectors including urban infrastructure, transportation planning, roads and highways, railways and metro systems, water resources and supply, waste management, building and structures, power generation, and recently diversified into telecommunications and digital technology.

For more information, log on to www.hssgroup.com.my

About Solarvest Holdings Berhad
Solarvest is a clean energy expert with a multi-national presence across Asia-Pacific in 8 countries. The Malaysia-founded company started as a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms. Today, Solarvest has accumulated a renewable energy portfolio of over 2,000MW (on-going and completed). The company is currently venturing into other clean energy solutions including, among others, hydrogen, battery storage, data centre, 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.com.

For more media inquiries, please contact:

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

Solarvest
Jowin Lee Joo Yun
PR and Corporate Communication
Solarvest Holdings Berhad
Phone: +60 12 443 6088
Email: [email protected]

MIDA Facilitates Renewable Energy Collaboration by Solarvest, Shizen and HSS Under Corporate Green Power Programme at Expo 2025 Osaka

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Seremban Facility Marks Strategic Expansion in Southeast Asian Aerospace Manufacturing

SEREMBAN, 15 April 2025 – MY NAFCO PRECISION SDN. BHD. (“NAFCO”), a global leader in aerospace fasteners and precision machining components, today unveiled its advanced manufacturing facility in Seremban, Negeri Sembilan. The state-of-the-art facility represents a USD40 million investment commitment over the next decade. The initial 5.8-acre complex features 3,500 square meters of advanced manufacturing space. NAFCO has announced plans for a second facility spanning 19,000 square meters, scheduled for completion within two years.

The grand opening ceremony drew distinguished guests including YB Tuan Teo Kok Seong, Negeri Sembilan State Executive Councilor, key government officials including senior representatives from the Malaysian Investment Development Authority (MIDA). The event also welcomed NAFCO’s board of directors, executive leadership team, valued industry partners, strategic suppliers, and dedicated employees, marking a significant milestone in Malaysia’s aerospace manufacturing sector.

From left to right – YB Tuan Teo Kok Seong, Negeri Sembilan State Executive Councilor; Mr. Francis Tsai, NAFCO Chairman; Mr. Alvin Lin, NAFCO President; TS. Norhizam Ibrahim, Executive Director, Manufacturing Development (Non-Resource) MIDA.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, highlighted the strategic importance of the investment, “NAFCO’s establishment of this advanced manufacturing facility represents a transformative moment for Malaysia’s aerospace industry. This investment aligns perfectly with our New Industrial Master Plan 2030 and the Malaysia Aerospace Industry Blueprint 2030, positioning Malaysia as a premier destination for high-technology manufacturing. The facility will serve as a catalyst for job creation, technology transfer, and the development of our local aerospace ecosystem. NAFCO’s decision to choose Malaysia demonstrates our nation’s growing reputation as a trusted partner in global aerospace manufacturing.”

Speaking at the event, Mr. Alvin Lin, President of NAFCO Group, stated, “From Taiwan to the world, NAFCO Group is proud to witness this key milestone in our global expansion—the official launch of our Malaysia plant. Today’s inauguration signifies the beginning of a new era of smart manufacturing for NAFCO in Malaysia. This facility will serve as a foundation for our vision of sustainable and intelligent manufacturing, representing our commitment to fulfilling customer needs and our determination to contribute to the development of Malaysia’s aerospace technology ecosystem.”

NAFCO remains committed to delivering comprehensive, reliable one-stop solutions in aerospace fasteners and precision machining for global customers. This investment joins Malaysia’s growing aerospace sector with RM1.5 billion in approved investments for 2024. With this expansion, NAFCO pledges to provide a diverse range of high-quality products and services, further advancing innovation in the aerospace industry while supporting Malaysia’s vision to capture 5% of the global MRO market share by 2030.

*****

About MIDA

About NAFCO Group (www.nafco.com.tw)

Founded in 1997, NAFCO Group, a Taiwan listed company, operates manufacturing facilities in Taoyuan (Taiwan), Suzhou (China), and Negeri Sembilan (Malaysia). The company is a certified supplier for major aerospace OEMs, holding NADCAP, AS9100 aerospace quality certification, and IATF 16949 automotive management system certification. NAFCO supplies aerospace fasteners and structural components to global aerospace engine manufacturers, including GE Aerospace, Safran group, Pratt &Whitney and Rolls-Royce.

In recent years, NAFCO has integrated Industry 4.0 technologies and smart factory automation solutions into its manufacturing operations. This includes the implementation of IoT-based anomaly detection, data analytics to optimize production processes, and the use of AIoT (Artificial Intelligence of Things) to enhance productivity and efficiency in its factories. Additionally, NAFCO has continuously advanced its manufacturing expertise, developing high-value precision machining capabilities for aerospace components and obtaining forging supplier certifications. To date, NAFCO has successfully certified over 6,000 aerospace products and has received multiple Best Supplier recognitions from leading aerospace and industrial manufacturers. NAFCO remains committed to being the most trusted partner in the aerospace fasteners and precision machining industry, delivering reliable one-stop solutions and innovative, high-quality products to the global aerospace market. For more details, visit https://www.nafco.com.tw/about-en/ and follow us on LinkedIn(https://www.linkedin.com/company/nafco-fasteners-and-machining-solution-provider/posts/?feedView=all).

For more information, please contact:

MIDA
Ms. Noor Suziyanti Binti Saad
Director
Transportation Technology Division
T: 03-2267 3575
E: [email protected]

NAFCO Group
Sales Team
📍A: No.1, Taiping East Road, Pingzhen District, Taoyuan City 324, Taiwan, R.O.C.
📧E: Sales: [email protected]
Website: https://www.nafco.com.tw/about-en/

Linkedin: https://www.linkedin.com/company/nafco-fasteners-and-machining-solution-provider/posts/?feedView=all

NAFCO Group Launches Cutting-Edge Aerospace Manufacturing Facility In Malaysia With USD40mil Investment

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Following the announcement made by YB Minister of Home Affairs on 12 March 2025, a new Investor Pass was introduced to ease the movement of foreign business travelers to enter Malaysia for a period of 12 months with Multiple Entry Visa (MEV) by leveraging the existing Social Visit Pass (SVP). The application for the Investor Pass will be officially launched on 1 April 2025 and can be made through Single Window Platform (SWP) at Xpats Gateway System https://xpatsgateway.com.my/.

Business Travellers who meet the definition of New Investor, Investor in Pipeline and Existing Investor, are eligible to be considered for this facility across all economic sectors.

For more information on Xpats Gateway System, please refer to ESD Portal at https://esd.imi.gov.my/portal/ for:

System User Manual
System’s Frequently Asked Questions (FAQs)

For any clarification, please do not hesitate to contact MIDA at the Foreign Investment Division and Industry Talent Management & Expatriate Division, MIDA, or via email at [email protected].

Media Release

FAQs

Process Flow

Investor Pass Notice

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New Strategic Pass Cuts Red Tape, Strengthens Malaysia’s Investment Hub Proposition

KUALA LUMPUR, 28 March 2025 – Effective 1 April 2025, the Malaysian Investment Development Authority (MIDA) will spearhead a new innovative immigration initiative called the Investor Pass, presenting a major improvement in the nation’s investment proposition. The Investor Pass – with its enhanced entry mechanism designed specifically for existing and new investors under the current Social Visit Pass.

Under the new Investor Pass, business travelers will enjoy a full six-month stay with the option to extend for an additional six months, compared to the existing Social Visit Pass with Single-Entry Visa’s 14 to 90-day limitation. Coupled with the Multiple Entry Visa feature, the Investor Pass enables seamless cross-border movement into Malaysia during the pass validity period, addressing global business’ ease of doing business. Processing time for the Investor Pass is only five (5) working days until the approval by the Immigration Department of Malaysia, saving precious administrative time on the investors’ part, enabling them to focus on what really matters for their business.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade, and Industry (MITI), emphasised the importance of this initiative. “As Malaysia ups its game on attracting investors from target sectors under the New Industrial Master Plan 2030, it is equally crucial to reduce bureaucracy and enhance their ease of doing business. The Investor Pass is a strategic step in that direction, facilitating seamless entry into Malaysia for both existing and new investors. This initiative also reflects the MADANI Government’s commitment to reducing bureaucracy so we can build an efficient investment framework that supports both investors and Malaysia’s long-term economic goals.”

MIDA Chief Executive Officer, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, highlighted MIDA’s strengthened role in investment facilitation. “The Investor Pass provides a clear and structured entry process for investors, reducing delays that can slow business decisions. This initiative ensures that those serious about investing in Malaysia can do so with greater certainty. MIDA’s role goes beyond issuing support letters—we actively connect investors with the right networks, policies, and resources to help them establish and grow their presence here.”

The pass is designed for three categories of foreign investors:

1. New Investors – Those exploring their first investments in Malaysia. 2. Investors under Consideration – Those in discussions with the government or awaiting project approvals from MIDA.

3. Existing Investors – Individuals with established investments or affiliations with Malaysian companies (excluding those under local employment).

The initiative is a testament to the strategic collaboration between MIDA and the Ministry of Home Affairs, the Immigration Department of Malaysia and Talent Corporation Malaysia Berhad. With MIDA spearheading the evaluation and issuance of supporting letters for eligible business travelers, the Immigration Department of Malaysia will grant final approval. Application can be submitted through the Xpats Gateway system at https://xpatsgateway.com.my/.

For more information and procedures, please visit MIDA website at https://www.mida.gov.my/.

-END

About MIDA

For more information, please contact:

MIDA
Pn. Azrina Hashim
Director of Industry Talent Management and Expatriate Division
T: + 603-2267 3431 / 3529
E: [email protected]

New Investor Pass Facilitates Fast-Track Entry for Global Investors And Businesses From 1 April 2025

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PENANG, Malaysia, 21 March 2025 – Hotayi Electronic (M) Sdn. Bhd. launched its ambitious Phase 3 expansion today with a groundbreaking ceremony in Batu Kawan, Penang. The RM500 million investment will create a cutting-edge smart manufacturing facility spanning 380,000 square feet. The project will generate 1,000 new high-skilled jobs in the region.

The ceremony was attended by key customers, government officials, and industry partners, highlighting the strong collaboration between Hotayi and Malaysia’s thriving electronics ecosystem.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, stated, “Since its establishment in 1992, Hotayi has been continuously investing in the operation here in Penang. Today, we witness another milestone for Hotayi to ground break its new state-of-the-art facility.” He added, “Penang is grateful for Hotayi’s continuous investment in Penang, which highlights the confidence Hotayi places in Penang’s existing robust industrial ecosystem, which enables the company to thrive and grow.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), emphasised, “Hotayi’s latest investment reflects Malaysia’s continued progress in high-tech manufacturing and its growing reputation as a global electronics hub. This expansion not only drives innovation and smart manufacturing but also strengthens the broader industrial ecosystem, supporting a more resilient and efficient supply chain. MIDA remains committed to facilitating strategic investment like this, ensuring they create high-skilled job opportunities for Malaysians, contributing to sustainable economic growth and talent development.”

“Our Phase 3 expansion represents a major milestone in Hotayi’s journey to redefine manufacturing excellence. By integrating cutting-edge smart factory technologies, we aim to enhance quality, efficiency, innovation and sustainability while supporting our customers’ evolving needs,” said Dato Goh Guek Eng, CEO of Hotayi Electronic.

The expansion will feature advanced automation, AI-driven analytics, and IoT-enabled processes, reinforcing Hotayi’s leadership in smart manufacturing. This investment aligns with Malaysia’s New Industrial Master Plan 2030, which focuses on technological advancements and local talent development.

Since its establishment, Hotayi has been a key player in Malaysia’s electronics industry, continuously investing in infrastructure and talent to support global customers. This latest expansion reflects its confidence in Malaysia as a strategic manufacturing hub.

For more information, please visit www.hotayi.com.

-END-

About Hotayi Electronic (M) Sdn. Bhd.
Founded in 1992, Hotayi Electronic (M) Sdn. Bhd. is a leading electronics manufacturing services (EMS) provider, specializing in high-quality, innovative, and reliable solutions for global brands. With a strong focus on smart manufacturing, sustainability, and cutting-edge technology, Hotayi serves industries including communications, automotive, data centers, and memory products.

With over three decades of experience, Hotayi has continuously expanded its footprint, investing in state-of-the-art smart factories and integrating AI-driven manufacturing to enhance efficiency and quality. The company’s unwavering commitment to excellence, customer satisfaction, and industry innovation has positioned it as a trusted partner for multinational corporations worldwide.

For more information, please contact:

MIDA
Mr. Mohd Mazlan Mokhtar
Director of Electrical & Electronics Division
T: + 603-2267 3638
E:[email protected]

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

Hotayi
Mr. Jordan Lee
Planning & SCM Director
T: +604-506 9898
E: [email protected]

Hotayi Electronic (M) Sdn. Bhd. Breaks Ground on RM500 Million Smart Factory Expansion, Creating A Thousand Jobs

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KEDAH, 17 March 2025 – EVE Energy Co. Ltd. (EVE Energy) has officially committed to a significant expansion of its Malaysian operations, signing a landmark Memorandum of Understanding (MoU) with InvestKedah. The agreement, focusing on Phase 2 of EVE Energy’s manufacturing facility development, promises to revolutionise Malaysia’s energy storage capabilities while creating substantial employment opportunities.

The MoU was formally signed on 16 March 2025 between Mr. Noor Ikhsan Bin Abdul Aziz, Chief Operating Officer of InvestKedah, and Mr. Liu Jian Hua, President of EVE Energy Co. Ltd. The signing ceremony was witnessed by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), highlighting the strategic significance of this collaboration.

EVE Energy’s “Phase 2 expansion” is designed to meet escalating global demand for energy storage system (ESS) solutions, driving innovation and sustainability within the sector. This project will generate over 1,000 new job opportunities, reflecting the company’s commitment to Malaysia’s economic development. Furthermore, EVE Energy is dedicated to forging strong alliance with Malaysian suppliers, fostering a robust and technologically advanced local supply chain.

By prioritising collaboration with local vendors, EVE Energy aims to establish a comprehensive battery manufacturing ecosystem in Malaysia. The influx of international suppliers through this expansion will provide valuable mentorship and technical expertise, empowering Malaysian enterprises and propelling growth within the local industry.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade, and Industry (MITI), expressed his strong support for the initiative, “EVE Energy’s Phase 2 expansion in Kedah is a powerful testament to how clearly Malaysia has articulated its position as a forward-thinking hub for advanced manufacturing and sustainable energy solutions, through policies such as the New Industrial Master Plan (NIMP) 2030, the National Automotive Policy (NAP) and the National Energy Transition Roadmap (NETR). This strategic investment in cutting-edge battery production for energy storage systems plays a pivotal role in strengthening our national energy security and commitment to environmental sustainability, by advancing the electrification and next-generation vehicle technology. What is equally important is how this helps foster a more robust local supply chain and creates high-value job opportunities, paving the way for Malaysia to lead in Southeast Asia’s green economy.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, emphasised the broader significance of this MoU, “The signing of this MoU between EVE Energy and InvestKedah is a testament to Malaysia’s commitment to fostering sustainable economic growth, technological innovation, and the rapid expansion of our EV ecosystem. As we accelerate towards a cleaner and more energy-secure future, strategic investments like this play a vital role in positioning Malaysia as a regional leader in EV and battery technology.

With EVE Energy’s expertise and commitment, alongside Malaysia’s strong industrial ecosystem, we are not just building factories—we are building opportunities, empowering local talent, and strengthening our position in the regional clean energy supply chain.”

Mr. Liu Jincheng, Chairman and Founder of EVE Energy Co. Ltd, stated that, “EVE Energy’s Malaysia factory, as the first step in its global expansion, will focus on creating an international benchmark project. It aims to drive the green energy transformation through technological innovation and advanced manufacturing capabilities, contributing to local economic development and job growth. He expressed special gratitude to Malaysian government for their strong support of the expansion project and emphasised that the deepened cooperation between both parties plays a crucial role in promoting the high-quality development of the new energy industry chain in Southeast Asia.

Malaysia’s Commitment to Sustainable Mobility

In 2024, Malaysia recorded RM15.8 billion in approved investments in the transport equipment sector, reflecting the nation’s strong commitment to building a sustainable mobility ecosystem. By leveraging this momentum, EVE Energy’s expansion will contribute significantly to the advancement of EV technology, reinforcing Malaysia’s position as a leader in clean energy solutions and accelerating the transition towards net-zero emissions.

-END-

About EVE
Founded in 2001, EVE was first listed on Shenzhen GEM in 2009. After over 20 years of rapid development, EVE has become a globally competitive, full-scenario lithium battery platform company. (Stock Code: 300014)

We are dedicated to “Powering boundless potential through integrated battery solutions,” building a comprehensive research and development platform spanning from materials, cells, BMS to system integration, and forming five major business segments: consumer batteries, power batteries, energy storage batteries, industrial chain strategic collaboration and the CLS Global Cooperation Business Model. The products are widely applied in the fields of Smart Life, Green Transportation, Energy Transformation, and so on.

Facing a digitally driven sustainable future, we envision “Empower the world with EVE Energy” and rely on our capabilities in “Global Manufacturing, Global Cooperation, Global Service” to join hands with value chain partners to provide reliable support for ubiquitous energy demands.

For more information, please contact:

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

EVE Energy
Mr. He YingShen
Director of EVE Energy Malaysia Sdn. Bhd
Email: [email protected]

EVE Energy’s Phase 2 Energy Storage System Expansion Set to Generate Over 1,000 Jobs for Malaysians

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PENANG, 6 MARCH 2025 – Chemlite Innovation Berhad (Chemlite), a prominent engineering support services provider specialising in surface finishing treatment services, announced the launch of its Prospectus on 5 March 2025 in conjunction with its Initial Public Offering (IPO) on Bursa Securities. This key milestone event marks a significant phase in Chemlite’s strategic expansion, reinforcing its commitment to innovation and strengthening Malaysia’s industrial ecosystem.

As part of its strategic growth initiatives, the company has acquired industrial leasehold land from Penang Development Corporation within Penang Science Park North. This acquisition will enable the development of a new 100,000-square-foot, state-of-the-art facility, designed to enhance the company’s production capacity. This expansion will also further enhance operational efficiencies and broaden Chemlite’s service portfolio, strengthening its position as a key contributor to Malaysia’s rapidly growing semiconductor and electrical and electronics (E&E) industries.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority, expressed his support, “Chemlite Innovation Berhad’s expansion represents a strategic milestone in Malaysia’s industrial development. This initiative strengthens our E&E industry in particular semiconductor while advancing our technological capabilities. Their investment aligns perfectly with the New Industrial Master Plan 2030, creating high-skilled jobs and reinforcing our domestic supply chains. MIDA remains committed to supporting such high-impact investments that exemplify the type of high-value manufacturing that will drive Malaysia’s global competitiveness.”

Mr Chong Yuen Fong, CEO of Chemlite Innovation Berhad, commented, “MIDA, PDC, and Invest Penang have been instrumental in supporting our expansion, reinforcing Malaysia’s position as a hub for high-value manufacturing. The proactive efforts of the MADANI Government through the Ministry of Investment, Trade and Industry (MITI) and MIDA, have strengthened Penang’s industrial ecosystem, attracting global investments, which is envisaged to benefit our Company. Our new facility will enhance production capacity and enable us to better serve customers.”

Founded in 2007 and headquartered in Penang, Chemlite Innovation has built a reputation as a trusted surface finishing solutions provider, specialising in both metal and non-metal plating services. Serving critical industries, including semiconductors, E&E, and machinery and equipment, Chemlite has become an approved and trusted vendor, recognised for its technical expertise, rigorous quality assurance, and advanced automation. The Company’s existing facility at Penang Science Park features five semi-automated metal plating lines and two fully automated anodising lines.

Beyond capacity expansion, Chemlite is also focused on broadening its service offerings. By third quarter of 2025, the Company will introduce cleanroom cleaning and packaging services, ensuring the meticulous handling and protection of surface-treated intermediate metal products. This expansion not only complements our existing service offerings but also provides customers with greater assurance in maintaining high-quality standards while reducing reliance on external providers, further enhancing Chemlite’s competitive edge.

With strategic growth initiatives targeted for completion by the fourth quarter of 2026, Chemlite remains committed to delivering excellence in surface finishing solutions and assuming a pivotal role in the advancement of Malaysia’s semiconductor and high-value manufacturing industries.

**Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA**

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About Chemlite Innovation Berhad
Chemlite Innovation Berhad (“Chemlite” or the “Company”) is a leading engineering support services provider, specialising in surface finishing treatment services. Incorporated in Malaysia, Chemlite focuses on delivering innovative metal plating and non-metal plating solutions for diverse industries, including semiconductors, telecommunications, medical devices, and automotive sectors. With its advanced technical capabilities, state-of-the-art facilities in Penang Science Park, and a commitment to quality and innovation, Chemlite has earned its reputation as a trusted global vendor, catering to both local and multinational clients.

For more information, visit https://www.chemlite.com.my/.

For more information, please contact:

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

Chemlite Innovation Berhad
Jazzmin Wan
Tel: +60 17-289 4110
Email: [email protected]
William Yeo
Tel: +60 16-213 2103
Email: [email protected]

Chemlite Innovation Berhad: Driving Growth Through IPO and Facility Expansion

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First-Ever National Partnership with ARM Targets Semiconductor Design Capabilities, Talent Development, and Positions Malaysia As Asia’s IC Design Hub

Kuala Lumpur, 5 March 2025 – The Malaysian Investment Development Authority (MIDA) and ARM Limited today announced a landmark national partnership that promises to reshape Malaysia’s semiconductor landscape. This groundbreaking collaboration marks ARM’s first-ever country-level partnership, positioning Malaysia at the forefront of global semiconductor innovation.

In line with the objectives of the New Industrial Master Plan 2030 (NIMP 2030) and National Semiconductor Strategy (NSS) launched by the Ministry of Investment, Trade & Industry (MITI), the four-year strategic partnership will revolutionise Malaysia’s semiconductor ecosystem through three key initiatives. First, it will establish comprehensive training programmes for 10,000 IC design engineers, creating a robust talent pipeline for the industry. Second, it will provide selected Malaysian companies with privileged access to ARM’s cutting-edge technology and IP portfolio. Third, it will facilitate the development of locally designed semiconductor products, advancing the nation’s goal of producing more advanced chips in Malaysia.

ARM’s decision to select Malaysia as its first Southeast Asian partner sets clear objectives that will help elevate the country’s semiconductor sector. Minister of Investment, Trade, and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Aziz, outlined the positive impact of this collaboration, “MITI is happy to have played a role in facilitating this partnership, in collaboration with the Ministry of Economy and Ministry of Finance. This and all other high-tech investments including RM55.8 billion of approved E&E investments for 2024, are a clear testimonial of our YAB Prime Minister’s leadership in helping us close deals with global names who appreciate Malaysia’s value proposition as an investment destination. All these investments will equip Malaysia with the target semiconductor design capabilities that our economy needs to generate higher value exports and move our industry players up the global supply chain. The MIDA-ARM agreement, in particular, will train 10,000 Malaysian engineers in IC design and pave the way for our country to produce Malaysian-made chips that meet global standards, while creating more opportunities for our SMEs and higher-value jobs for our people.”

Building on this vision, MIDA Chief Executive Officer, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, emphasised the partnership’s transformative potential, “This agreement marks a pivotal shift in Malaysia’s semiconductor journey. We’re creating pathways for local companies to evolve from backend manufacturing to high-value chip design. This partnership establishes Malaysia as a self-sustaining innovation hub, attracting global semiconductor leaders while developing our local talent pool. The timing perfectly aligns with increased foreign investor interest in Malaysian design activities.”

This collaboration comes on the heels of Malaysia’s remarkable investment performance in 2024, which saw RM378.5 billion in approved investments, the highest in the nation’s history—a 14.9% year-on-year growth.

The Electrical and Electronics (E&E) industry, a pillar of Malaysia’s industrial strength, led the surge, attracting RM55.8 billion in investments and accounting for 46.3% of the manufacturing sector’s total. This underscores Malaysia’s pivotal role in the global technology supply chain, reinforcing the nation’s attractiveness as a hub for high-value innovation, semiconductor design, and advanced manufacturing.

As Malaysia solidifies its position in the global semiconductor value chain, the MIDA-ARM partnership is poised to catalyse further growth, attract top-tier investments, and foster homegrown innovation, ensuring Malaysia’s continued leadership in the semiconductor industry of the future.

-ENDS-

About MIDA

Media Contacts:

MIDA
Mr. Mohd Mazlan bin Mokhtar
Director of Electrical and Electronics Division, MIDA
T: +603-2267 6655
E: [email protected]

MIDA and ARM Limited Forge Agreement to Boost Malaysia’s Semiconductor Industry

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Malaysia is advancing its logistics sector with the Smart Logistics Complex (SLC) Incentive, driving innovation, sustainability, and economic growth. This initiative supports facilities adopting Industry 4.0 enabling technologies and green solutions, reinforcing Malaysia’s position as regional logistics hub.

Eligible companies are encouraged to submit their applications to MIDA by 31 December 2027. For more details, visit MIDA’s website at https://www.mida.gov.my/ or contact the Oil and Gas, Maritime and Logistics Services Division at https://www.mida.gov.my/staffdirectory/oil-and-gas-maritime-and-logistics-services-division/.

Guidelines

Announcement: Smart Logistics Complex (SLC) Inventive Now Available

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RM95 Million Investment Brings Advanced Manufacturing and Local Job Creation to Perak

Kamunting, Perak, Malaysia, 1 March 2025 –Green Excel Manufacturing Sdn, Bhd. (GEM) inaugurated its state-of-the-art manufacturing facility in Taiping, Perak, marking a significant milestone in the company’s expansion. This facility exemplifies GEM’s unwavering commitment to innovation, quality, and the advancement of both its global and local operations.

The company was established with the objective of becoming a prominent manufacturer in the cleanroom architectural products sector. The company specialises in the production of wall panels, ceiling systems, doors, and window systems. In order to guarantee optimal efficiency, safety, and international quality standards, the organisation implements sophisticated automation into its production processes. GEM provides services to a variety of sectors, such as semiconductors, electric vehicles, data centers, pharmaceuticals, food and beverage, and scientific research laboratories. GEM aims to increase its production capacity to satisfy the increasing demand in these industries, both domestically and for export markets, through the construction of this new facility.

The grand opening ceremony welcomed esteemed guests, including Yang Amat Berhormat Dato’ Seri Haji Saarani Bin Mohamad, Menteri Besar of Perak, YB Dato’ Mohammad Zahir Abdul Khalid, Speaker of Dewan Negeri Perak, YB Tuan Loh Sze Yee, State EXCO for Tourism, Industry, Investment, and Corridor Development, YB Tuan Ong Seng Guan, Member of the Legislative Assembly for Pokok Assam, and Yang Berusaha Tuan Haji Mohamad Hashim Bin Abdul Ghani, Chief Executive Officer of Perak Investment Management Centre (InvestPerak), Mr. Dyrul Syahrytz Mohd. Daud, Director of MIDA Perak among many other industry and local representatives.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), lauded GEM’s strategic expansion, “Green Excel Manufacturing’s investment in Taiping, Perak is a strong testament to Malaysia’s growing position as a hub for high-value, technology-driven manufacturing. By integrating advanced automation and precision engineering, GEM strengthens our Machinery and Equipment (M&E) industry while creating high-value jobs for our rakyat. This perfectly aligns with our New Industrial Master Plan (NIMP) 2030 vision, where Malaysian talent drives innovation and automation across our industrial landscape. Most importantly, this investment creates a positive chain reaction throughout our communities. It upskills our local workforce, strengthens Malaysian supply chains, and opens new doors for our young talents to excel in advanced manufacturing. This is how we build a stronger, more prosperous Malaysia.”

CEO of InvestPerak, Mr. Mohamad Hashim Abdul Ghani highlighted “Perak always ready to support industrial expansion from neighbouring States. Provided with complete infrastructure, abundant of natural resources, sufficient high-skill talents, matured industrial ecosystem, and competitive cost of doing business, Perak starts to emerge as one of focus destinations for new investment. Perak is strategically located at the midpoint between Penang and Selangor which are two industry powerhouses in Malaysia. This makes Perak as a favourable location for company that produce product or provide services for potential clients in both Penang and Selangor, because by operating in Perak, they can connect to both markets more easily.”

Ms. Yip Pek San, Director of Green Excel Manufacturing Sdn. Bhd., reflected on the company’s voyage and emphasised the company’s future vision in her speech. “In 2016, Green Excel Engineering & Consultancy was established with the initial objective of trading semiconductor-related products in Europe. This was the beginning of Green Excel Manufacturing. We have since broadened our capabilities and reach, and in 2022, we opened our inaugural manufacturing facility in Poland. We are delighted to announce the opening of our new facility in Taiping today, as part of our ongoing dedication to meeting the growing needs of the industries we support.”

Ms. Yip provided additional details regarding the organization’s commitment to innovation and superior manufacturing. “At Green Excel Manufacturing, we specialise in the production of cleanroom architectural products, with a particular emphasis on wall panels, ceiling systems, doors, and window systems that are essential to critical industries.” Our facility in Taiping is entirely equipped with advanced automation machinery, which improves safety, enhances production efficiency, and maintains international quality standards.

RM95 Million Investment – Strengthening the Local Economy

GEM’s RM95 million investment encompasses comprehensive development plans. The funding supports advanced machinery acquisition and working capital needs. Land development, pre-operational expenses, and infrastructure improvements form key investment components. This strategic allocation ensures sustainable long-term growth.

In addition, the company’s partnership with Advanced Technology Training Centre (ADTEC) demonstrates commitment to workforce development. This collaboration ensures continuous skill enhancement for local talent in Perak state. The partnership creates pathways for career advancement in advanced manufacturing.

In 2024, Malaysia’s manufacturing sector continued to demonstrate its strength and resilience, securing RM120.5 billion in investments—31.8% of the total approved investments of RM378.5 billion. Notably, the M&E industry emerged as the third-largest subsector, attracting RM10.6 billion in approved investments.

-ENDS-

About MIDA

About InvestPerak:

Perak Investment Management Centre (PIMC) also known as InvestPerak, was established in January 2006 to serve as the ‘First Point of Contact for Investors’ in the manufacturing and services sectors in Perak. It primarily acts as the principal investment promotion agency of the Perak State Government and reports directly to the YAB Menteri Besar Perak. Perak State Government have mandated InvestPerak as secretariat for Centre of Investment (COI), which empowered the function of InvestPerak as facilitator in assisting investors to invest in Perak. To facilitate the implementation of investment projects in Perak, COI@InvestPerak 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.

About Green Excel Manufacturing Sdn Bhd

Green Excel Manufacturing Sdn Bhd, a prominent manufacturer located in Kamunting, Perak, is a specialist in the production of high-performance wall systems, ceiling systems, door and windows systems for cleanrooms. While adhering to international safety and environmental regulations, these products are engineered to meet rigorous industry standards, thereby guaranteeing optimal conditions for semiconductor, pharmaceuticals, electronics, food and beverage and scientific research. Green Excel, the first factory in Perak to implement automation machinery for cleanroom products, is a pioneer in the production of precision, efficiency, and consistency. The company is a trusted provider of contamination-controlled solutions due to the fact that this advanced technology minimizes reliance on manual labor and upholds the highest standards of safety and sanitation. In addition to cleanroom panels, Green Excel provides a diverse selection of wall and ceiling systems that are specifically designed for a variety of industrial applications. These products are designed to provide long-term performance, ease of installation, and durability, making them ideal for facilities that necessitate controlled environments and strict hygiene. The company offers sustainable and effective solutions by incorporating the most recent materials and manufacturing advancements through continuous innovation. Green Excel is dedicated to the expansion of its product portfolio in order to satisfy the changing needs of the industry, with a particular emphasis on research and development. The company produces high-quality, sustainable products that improve industrial safety, efficiency, and environmental responsibility by integrating eco-friendly manufacturing with advanced technology.

For more information, please contact:

MIDA
Ms. Zakiah Sajidan
Director of Machinery and Metal Technology Division, MIDA
T: 03-2267 6769
E: [email protected]

InvestPerak
Mohamad Noor Arif
Investor Relations Manager
+6013-4475312
[email protected]

Green Excel Manufacturing Sdn Bhd
Khor Why Ping
General Manager
Tel: +6016 2542672
Email: [email protected]

Green Excel Manufacturing Launches State-of-the-art Cleanroom Facility in Perak

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In 2024, Malaysia attracted RM378.5 billion of approved investments in services (RM252.7 billion), manufacturing (RM120.5 billion), and primary (RM5.3 billion) sectors. This is a 14.9% increase as compared to RM329.5 billion approved investments in 2023.
Domestic Investments (DI) accounted for a substantial 55.0% or RM208.1 billion of the total approved investments, while Foreign Investments (FI)* contributed 45.0% or RM170.4 billion.
Leading these approvals, the services sector commands a significant share of RM252.7 billion or 66.8% of the total approved investments. This is a 50.1% increase as compared to RM168.4 billion approved investments last year.
Manufacturing sector recorded RM120.5 billion,represented 31.8% of the total approved investments, while the primary sector accounted for RM5.3 billion of the total approved investments.
Top five (5) sources of FI*was led by The United States of America (USA) (RM32.8 billion), Germany (RM32.2 billion), The People’s Republic of China (PRC)(RM28.2 billion), Singapore (RM27.3 billion) and Hong Kong SAR (RM7.4 billion).
Five (5) states that have recorded highest approved investments include Selangor (RM101.1 billion), Wilayah Persekutuan Kuala Lumpur (RM91.5 billion), Johor (RM48.5 billion), Kedah (RM45.8 billion) and Pulau Pinang (RM32.0 billion).
With an impressive number of 6,700 projects approved, 207,241 new jobs will be generatedin the country. Both approval of projects and creation of new jobs increase y-o-y by 31.3% and 62.8%, respectively.

Kuala Lumpur, 25 February 2025 – Malaysia recorded a commendable milestone with RM378.5 billion in approved investments in 2024, the highest in the nation’s history, and marking a 14.9% year-on-year growth. Spanning 6,700 projects across key sectors, these investments will create more than 207,000 new jobs, reinforcing Malaysia’s position as a premier investment destination.

Despite ongoing global economic challenges, Malaysia continues to attract sizable investments, with domestic investments (DI) accounting for RM208.1 billion (55.0%) and foreign investments (FI)* contributing RM170.4 billion (45.0%). This strong performance underscores the nation’s economic resilience and ability to grow investor confidence.

Foreign investor confidence in Malaysia remains exceptionally strong, with strategic investments coming from five key nations. The United States of America leads the way with RM32.8 billion, followed by Germany (RM32.2 billion), The People’s Republic of China (RM28.2 billion), Singapore (RM27.3 billion) and Hong Kong SAR (RM7.4 billion).

YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade, and Industry (MITI), stated, “Despite global challenges, Malaysia has achieved a record high of RM378.5 billion in approved investments, the highest figure in our nation’s history. More important than these numbers is our focused execution of these approved investments to create over 207,000 better paying jobs for Malaysians, and generate real opportunities for businesses, particularly our SMEs. Each ringgit invested in innovative, sustainable and high-value industries creates a multiplier effect that strengthens our economy. MITI and MIDA remain committed to facilitating such investments, while also taking steps to enhance the resilience of our supply chains and industrial ecosystem.”

Strong Investment Momentum Across Key States

Selangor led as the top investment destination with RM101.1 billion in approved investments, followed by Wilayah Persekutuan Kuala Lumpur (RM91.5 billion), Johor (RM48.5 billion), Kedah (RM45.8 billion) and Pulau Pinang (RM32.0 billion). Together, these five states attracted RM318.9 billion, accounting for 84.3% of the total approved investments in 2024.

In addition to these leading states, transformative investment projects are also taking place across Malaysia, particularly in high-impact industries. Notable projects include the RM739.3 million E Concern (Borneo)’s Scheduled Waste Management Hub in Sabah and OCI TerraSus’ RM799.8 million expansion in Sarawak for its Caustic Soda production facility, both of which will contribute to Malaysia’s sustainable industrial development.

SERVICES SECTOR LEADS WITH RM252.7 BILLION IN APPROVED INVESTMENTS

The services sector continues to be a key driver of Malaysia’s economic expansion, securing RM252.7 billion in approved investments, which accounts for 66.8% of total approvals. These investments are set to generate 119,083 new jobs, further reinforcing the sector’s leading role as the backbone of Malaysia’s economy.

A significant portion of the services sector’s investment comes from domestic sources, amounting to RM171.1 billion or 67.9%, with foreign investment contributing the remaining 32.1% or RM81.0 billion. This mix underscores the sector’s appeal to both local and international investors.

Digital Transformation and Technology Investments Lead the Way

The information and communication ¹sub-sector spearheaded the sector’s growth, attracting RM136.0 billion, which represents 53.8% of total service sector investments. These investments reflect the country’s rapid adoption of digital technologies across industries such as agriculture, healthcare, finance, tourism, and Islamic Digital Economy.

Major projects driving this success include:

STT GDC Malaysia 2 Sdn. Bhd.
Locations: Johor
Overview: A global leader in data center solutions, STT GDC is expanding its presence in Malaysia to meet the rising demand for digital infrastructure. This investment reinforces Malaysia’s position as a high-value technology investment hub and supports the nation’s digital economy agenda.

The services sector’s comprehensive growth is further evidenced by strong performance across multiple segment of sub-sectors:

Real Estate: RM64.5 billion
Support Services²: RM12.9 billion
Utilities³: RM11.1 billion
Transport Services⁴: RM8.5 billion

Sustainability and Green Investment Take Center Stage

Malaysia remains at the forefront of sustainable industrial development, with green technology integration playing a pivotal role in shaping the nation’s future.

One such initiative is NUR Renewables’ RM250.0 million solar farm in Kulim, which merges clean energy solutions with Industry 4.0 technology. This project sets new benchmarks for sustainable industrial practices by incorporating advanced digital systems to optimise energy efficiency and enhance renewable energy adoption.

Further strengthening Malaysia’s logistics and supply chain ecosystem, Singapore-based YCH Group is investing RM500.0 million in Supply Chain City Malaysia in Bukit Raja, Selangor. This strategic development leverages Malaysia’s robust infrastructure and prime location to enhance the nation’s standing as a regional logistics powerhouse.

The Malaysian Government’s commitment to green growth is evident through progressive policies, including:

The Sustainable Development of Data Centre Guidelines, ensuring environmentally responsible expansion in the digital sector.
The Green Investment Strategy (GIS), aimed at attracting and facilitating investments in sustainable industries.
The Corporate Renewable Energy Supply Scheme (CRESS), designed to accelerate renewable energy adoption and position Malaysia as a leader in the global green economy.

With these bold and forward-thinking initiatives, Malaysia is well-positioned to capitalise on emerging opportunities in the green economy while fostering long-term economic resilience and environmental sustainability.

MANUFACTURING SECTOR SECURES RM120.5 BILLION

Beyond the services sector, Malaysia’s manufacturing sector continues to demonstrate strength and resilience, securing RM120.5 billion in approved investments, accounting for 31.8% of total approved investments in 2024. These investments are spread across 1,108 projects and are set to generate close to 88,000 new jobs, of which 82.2% (72,116 jobs) are specifically for Malaysians.

Foreign investments (FI) were the dominant contributor, totaling RM88.9 billion (73.8%), while domestic investments (DI) remained substantial at RM31.6 billion (26.2%). This strong inflow of foreign capital underscores Malaysia’s appeal as a premier global manufacturing hub.

Encouragingly, 41.6% of new jobs created fall into high-value roles, covering management, technical, and skilled talent positions—directly supporting the goals of the New Industrial Master Plan (NIMP) 2030, which aims to develop a highly skilled workforce for Malaysia’s evolving industrial landscape.

Electrical and Electronics (E&E) Industry Spearheads Manufacturing Growth

The E&E industry, a cornerstone of Malaysia’s manufacturing prowess, secured the lion’s share of investments with RM55.8 billion, representing 46.3% of the sector’s total, affirming Malaysia’s role in the global technology supply chain. The growing demand for electronics is fueled by Industry 4.0, which integrates digital technologies into industries, and a focus on sustainability, exemplified by the advancements in artificial intelligence (AI), big data, cloud computing, e-commerce, e-mobility, green technology, and financial technology (Fintech).

Other industries contributing to the manufacturing sector’s growth include:

a) Transport Equipment – RM15.8 billion

b) Chemicals and Chemical Products – RM10.6 billion

c) Machinery and Equipment (M&E) – RM10.6 billion

d) Food Manufacturing – RM6.1 billion

The strategic expansion of Malaysia’s semiconductor ecosystem, renewable energy-driven manufacturing, and high-tech industrial production underscores the nation’s commitment to developing an innovation-driven, sustainable, and globally competitive industrial base.

Key High-Impact Manufacturing Investments

Several multinational corporations are making significant investments in Malaysia’s high-tech and high-impact industries, further enhancing the country’s manufacturing landscape:

EVE Energy Malaysia Sdn. Bhd.
Investment: RM6.8 billion
Industry: Lithium Battery Manufacturing
Overview: China-based EVE Energy Co., Ltd. is expanding its cylindrical battery production base in Malaysia to support the EV industry, power tools, and the broader Southeast Asian market. This project is a crucial step in strengthening Malaysia’s EV supply chain.
MKS Instruments Malaysia Sdn. Bhd.
Investment: RM2.2 billion
Industry: Semiconductor and Industrial Applications
Overview: A subsidiary of MKS Instruments Inc., this supercenter factory in Penang will support global wafer fabrication equipment production. The facility integrates advanced automation and sustainable technology solutions to enhance semiconductor manufacturing while reducing environmental impact.
F&N Agrivalley
Investment: RM1.7 billion
Industry: Food and Dairy Manufacturing
Overview: Fraser & Neave Holdings Bhd (F&NHB) is making a major move into the upstream fresh milk business with an integrated dairy farm in Gemas, Negeri Sembilan. This project marks a significant step toward establishing F&NHB as one of Malaysia’s largest milk producers.
Chery Corporate Malaysia Sdn. Bhd.
Investment: RM1.4 billion
Industry: Energy-Efficient and Electric Vehicles (EEVs)
Overview: China-based Chery has established an assembly plant in Shah Alam, Selangor, aimed at producing energy-efficient and electric passenger vehicles. This initiative is expected to drive innovation in the EV industry and generate substantial spillover effects within the local supply chain.
Plexus Manufacturing Sdn. Bhd
Investment: RM1.04 billion
Industry: Semiconductor and Healthcare Technology
Overview: This sixth manufacturing facility in Penang will support the company’s Semiconductor Capital Equipment and Healthcare & Life Sciences operations. It aligns with the NIMP 2030’s vision and is expected to create 1,800 high-skilled jobs.
Dominant Opto Technologies Sdn. Bhd.
Investment: RM1.0 billion
Industry: Automotive LED Manufacturing
Overview: A leading automotive Surface Mount Technology (SMT) LED manufacturer, Dominant Opto Technologies is making significant contributions to the global automotive sector. The company employs energy-efficient manufacturing processes and develops eco-friendly LEDs to reduce carbon emissions in automotive lighting solutions.

PRIMARY SECTOR DEMONSTRATES OPPORTUNITY

The primary sector registered approved investments of RM5.3 billion, constituting 1.4% of the total approvals. Driven by 67 projects, it anticipates creating 463 new jobs, with a focus on mining (RM4.5 billion), agriculture (RM766.8 million) and plantation and commodities (RM71.6 million).

Continued Focus on Quality and Sustainable Investments Attraction

Malaysia’s investment landscape continues to shine with strong investment pipelines and high-potential projects, reinforcing its position as a top investment destination. As of 31 January 2025, MIDA is overseeing a robust pipeline of 1,049 projects with proposed investments totaling RM58.8 billion.

● The services sector leads with 995 projects valued at RM31.8 billion.

● The manufacturing sector follows closely, with 54 projects worth RM27.0 billion.

Additionally, RM63.5 billion in high-potential investment leads are currently being actively negotiated by MIDA, reflecting strong investor confidence in Malaysia’s economic fundamentals.

Implementation of Approved Manufacturing Projects

Malaysia’s success in attracting investments is not just about approvals but also effective implementation. Strategic initiatives such as the National Investment Council, the Investment and Trade Coordination Action Committee, and the Invest Malaysia Facilitation Centre have assumed a pivotal role in creating a conducive investment environment.

MITI and MIDA have worked tirelessly to engage stakeholders at both federal and state levels, ensuring the successful facilitation and execution of investment projects.

Between 2021 and December 2024, the National Committee on Investment approved 3,494 manufacturing projects, of which:

84.5% (2,950 projects) have reached various implementation stages, ranging from production to factory construction and machinery installation.
13.0% are in the planning phase, focusing on site selection and consultations with developers.
Only 2.5% of projects were abandoned, highlighting Malaysia’s strong project realisation rate.

Annual data shows that:

More than 90% of approved manufacturing projects in 2021 and 2022 have been implemented.
While, 88.7% of projects approved in 2023 and 67.8% of projects approved in 2024 have entered implementation phases—a positive trajectory considering that manufacturing projects typically require 18 to 24 months for completion, depending on their complexity.

Strengthening Malaysia’s Investment Ecosystem

The Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, lauds the achievement of such a significant milestone, stating, “Our focus remains on attracting high-quality, strategic investments that align with national priorities. Through proactive investor engagement, end-to-end support, and fostering strong public-private partnerships, MIDA and MITI continues to drive industrial transformation, accelerate the adoption of advanced technologies, and champion sustainable practices. To remain competitive and resilient, Malaysia must transform the key sectors—particularly manufacturing and services—by moving up the value chain through a whole-of-government approach.”

MIDA continues to drive the country’s investment promotion by centralising investment promotion and marketing efforts across Investment Promotion Agencies (IPAs) and Regional Economic Corridors. This initiative, guided by MITI, enhances Malaysia’s global visibility while eliminating redundancies, improving service efficiency and investors’ confusion.

By streamlining investment efforts and ensuring stronger coordination at regional and national levels, Malaysia aims to further increase implementation rates and create a seamless investment experience for investors. This approach underscores the nation’s dedication to providing investors with a structured, efficient, and high-quality investment ecosystem.

A Future Built on Resilience, Innovation, and Economic Prosperity

Malaysia’s transformative investment journey represents a bold step towards a resilient, innovative, and prosperous future. With a strong policy framework, proactive facilitation, and unwavering investor confidence, Malaysia is poised to strengthen its global standing as a premier investment destination.

*Note: Compilation of foreign investments is based on ultimate investing country.

¹Information and communication comprise of Telecommunications, MSC Status/MD Status and ICT Services
²Support Services comprise of R&D, Logistics Services, Green Technology, Design Services, Professional Services and Other Support Services
³Support Services comprise of R&D, Logistics Services, Green Technology, Design Services, Professional Services and Other Support Services
⁴Transport Services comprise of Maritime, Aviation and Road

***THE END***

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

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

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Malaysia Records Historic High RM378.5 Billion in Investments, with 14.9% Y-O-Y Growth, Generating More Than 207,000 Jobs in 2024

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MIDA, Perlis State Government, and NCIA Collaborate to Attract Strategic Investments

Kuala Lumpur, 20 February 2025 – Malaysia’s northernmost state Perlis took center stage today as a promising investment destination during the MIDA Invest Series. The Malaysian Investment Development Authority (MIDA), Perlis State Government, and Northern Corridor Implementation Authority (NCIA) jointly hosted the landmark event at MIDA Sentral, drawing 200 attendees from both local and foreign investors, as well as industry players.

The event opened with a welcome address by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, followed by a keynote speech from YAB Tuan Mohd Shukri Ramli, Chief Minister of Perlis. YB Tuan Liew Chin Tong, Deputy Minister of Investment, Trade, and Industry (MITI), was also present, reaffirming the federal government’s commitment to Perlis’s growth as one of the investment hubs in the Northern region.

The event featured industry leaders, investors, and key stakeholders engaging in discussions on emerging investment trends, infrastructure development, and strategic partnerships that will drive Perlis’s economic transformation.

YAB Tuan Mohd Shukri Ramli, Chief Minister of Perlis in his address, said “MIDA Invest Series Perlis provides an excellent opportunity for investors to explore Perlis, obtain pertinent information, and engage with federal and state government officials for consultation sessions on project implementations. I welcome (investors) to optimise your time in this event to meet and discuss your projects with State Government officials and MIDA officials, as well as the relevant local authorities and technical agencies.”

YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry, highlighted Perlis’s potential to achieve economic growth role as Malaysia gears towards a second takeoff.

“As one of the northern region states in Peninsular Malaysia, Perlis holds immense border trade and business potentials. Perlis also stands a great chance of benefiting from the economic spillover from neighbouring Kedah and Penang states. I see positive developments in the implementation of these projects and we hope that they will become new engines of growth for Perlis once completed.”

He further added, “As we move forward, guided by the New Industrial Master Plan 2030, National Energy Transition Roadmap and the Green Investment Strategy, I believe it is crucial for us to build on this momentum and leverage Perlis’s strengths to drive growth and development across Malaysia.”

Echoing this sentiment, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised MIDA’s support in driving investment into Perlis, “We are stepping into 2025 with a clear and ambitious agenda. Perlis is moving forward with a clear strategy—leveraging its location, business-friendly policies, and growing infrastructure to attract industries that want to expand and innovate. At MIDA, we always strive to do our best to facilitate investment across Malaysia, and Perlis is no exception. Our dedication is reflected in action.”

Mohamad Haris Kader Sultan, Chief Executive of Northern Corridor Implementation Authority (NCIA), Northern Corridor Economic Region (NCER) plays a crucial role in harnessing Perlis’s investment potential and boosting socio-economic growth. Strategic projects like the Chuping Valley Industrial Area (CVIA) and Perlis Inland Port (PIP) enhance Perlis’s status as a key trade gateway. These initiatives create high-value jobs, promote industrial innovation, and attract global investments. By enhancing infrastructure, building strategic partnerships, and advancing talent development, NCER is committed to transforming Perlis into a dynamic investment hub, improving livelihoods, and ensuring sustainable economic progress.

A Growing Investment Hub in the North

Perlis is set for significant industrial expansion, supported by key initiatives such as the Chuping Valley Industrial Area (CVIA) and the Perlis Inland Port (PIP). As part of the Northern Corridor Economic Region (NCER), Perlis serves as a critical gateway for trade and commerce, particularly in logistics, advanced manufacturing, and technology-driven industries.

Building Strategic Partnerships

A key highlight of the event was the exchange of a Memorandum of Understanding (MoU) between Mutiara Perlis Sdn. Bhd. and Bina Darulaman Berhad, as well as the exchange of Memorandum of Collaboration (MoC) between Mutiara Perlis Sdn. Bhd. and MAERSK Logistics & Services Malaysia Sdn. Bhd. These strategic collaborations aim to enhance logistics efficiency, infrastructure development, and international trade connectivity, reinforcing Perlis’s position as a logistics hub in the region.

Talent Development

Beyond infrastructure, Perlis is a center for talent development, supporting the growing demand for engineering and technical expertise in northern Malaysia’s manufacturing hubs. The designation of Pauh, Perlis as ‘Bandar Ilmu’—home to Universiti Malaysia Perlis (UniMAP), a key institution within the Malaysian Technical University Network (MTUN)—underscores the state’s commitment to nurturing a highly skilled workforce.

UniMAP’s collaborations with global industry players in Penang and Kulim, alongside the presence of institutions such as Politeknik Tuanku Syed Sirajuddin, reinforce Perlis’s role as a training ground for future industry leaders. With ongoing infrastructure and industrial park developments, the state’s well-trained workforce is primed to support the evolving needs of its industries.

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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 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 SUK PERLIS:
The State Secretary Office of Perlis is the central administrative body responsible for the governance and public administration of the state of Perlis. It acts as the primary institution that coordinates the implementation of government policies, programs, and administrative functions in the state. For more information, please visit www.perlis.gov.my or follow us on Instagram and Facebook.

For more information, please contact:

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

SUK Perlis:
En. Zuhair Jamaludin
Undersecretary, Perlis State Economic Planning Division
[email protected] | +604-9731859

Perlis Showcases Business and Investment Opportunities at MIDA Invest Series

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Johor Bahru, 18 February 2025 – A new chapter in Johor’s economic development begins today with the official opening of the Invest Malaysia Facilitation Centre Johor (IMFC-J) in Forest City. The facility represents a significant milestone in streamlining investment processes for the Johor-Singapore Special Economic Zone (JS-SEZ). This pioneering center offers investors a comprehensive suite of end-to-end facilitation services, designed to simplify and accelerate investment procedures in the region.

The IMFC-J office, strategically located at Menara Delima Satu in Forest City, was inaugurated by HRH Tunku Ismail Ibni Sultan Ibrahim, Regent of Johor. The launch marks a decisive step in Johor’s transformation into a regional economic powerhouse. The center is positioned to attract and facilitate high-impact investments across diverse sectors, from advanced manufacturing to digital technology and sustainable development.

“Since the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) in January 2025, Johor has made significant progress in turning this vision into reality. Today, we take another bold step forward, through the combined efforts of both the Federal and Johor state governments, we are proud to fulfill one of the key deliverables of the JS-SEZ initiative—the opening of the IMFC-J office. This is a pivotal step in enhancing our investment landscape. The IMFC-J will serve as a dedicated platform to streamline investment processes, attract global investors, and foster economic growth. This initiative is aligned with our vision to establish Johor as a leading hub for business, innovation, and job creation. With this momentum, we are confident that Johor will continue on its path towards becoming a prosperous, dynamic, and thriving state,” said Yang Amat Berhormat Dato’ Onn Hafiz bin Ghazi, Menteri Besar Johor.

Yang Berhormat Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), underscored the center’s transformative potential. “The launch of IMFC-J in Forest City marks a significant step towards seamless investment facilitation in the JS-SEZ,” he remarked. “IMFC and TRACK established by MIDA have successfully streamlined project implementation, with over 86.5% of projects approved in 2023 are already operational, while more than 63% of those approved in January-September 2024 have been implemented. In short, we are creating an environment where every investment that comes to Malaysia is set up for success.”

Meanwhile, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “As Malaysia’s Principal Investment Promotion Agency, MIDA is committed to prioritising the ease-of-doing business for our investors. Through close collaboration with federal and Johor state agencies, we aim to streamline processes, enhance support services, and create an environment that fosters growth and innovation. Our collective goal is to firmly position JS-SEZ as one of the premier investment destinations in the region, attracting high-value investments and driving sustainable economic development.”

According to Yang Berhormat Dato’ Haji Mohd. Noorazam bin Haji Dato’ Osman, Chief Executive of IRDA, “Building on our strong track record of successfully realizing investments in Iskandar Malaysia, we are prepared to address even the most complex challenges at every stage of the investment journey—starting as early as the planning and development phase of infrastructure needed by higher growth and higher value investor. At IRDA, our commitment to IMFC-J is unwavering. We work hand-in-hand with Federal and Johor state agencies, alongside our private sector partners, to deliver seamless support, customized solutions, and strategic guidance for investors. From the initial concept to the final execution, we are dedicated to ensuring your projects thrive.”

“At Invest Johor, we recognize that speed, efficiency, and investor confidence are critical in today’s competitive investment landscape. As a key partner in IMFC-J, we ensure investors a seamless experience from initial inquiry to full operations, leveraging our deep understanding of Johor’s economy, policies, and ecosystem to provide strategic insights, tailored solutions, and on-the-ground support to accelerate their investment journey.

We are committed to making Johor the premier investment destination, and through IMFC-J, we are strengthening Johor’s position as a key economic gateway within the JS-SEZ. We look forward to welcoming investors and working together to shape Johor’s future as a dynamic and sustainable business hub”, says Tuan Haji Natazha bin Harris, Chief Executive Officer of Invest Johor.

IMFC-J is jointly led and operated by representatives from Malaysian Investment Development Authority (MIDA), Iskandar Regional Development Authority (IRDA), and Invest Johor (IJ), to ensure that investors’ investment needs are taken care of through one platform, reducing bureaucracy, without having to deal with various agencies and departments at different locations. This way, IMFC-J will be able to expedite the facilitation turn-around time, promoting the realisation of investments seamlessly and effectively.

IMFC-J’s office is located at 01-05 & 01-06, Menara Delima Satu, Jalan Forest City 1, Pulau Satu, Forest City, 81550 Gelang Patah, Johor Bahru, Johor. The centre can be reached through its website – www.imfc-j.com.my – or email – [email protected].

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About IRDA
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (IRDA)

Iskandar Regional Development Authority (IRDA) is a Malaysian Federal Government statutory body tasked as the main coordinating agency between stakeholders in the public and private sectors for planning, facilitating and positioning the development of Iskandar Malaysia into a strong and sustainable metropolis of international standing.

IRDA complements the Malaysian Investment Development Authority (MIDA) and Invest Johor by playing an important facilitation role in ensuring that incoming investments can be realised quickly and smoothly in Iskandar Malaysia through the Invest Malaysia Facilitation Centre Johor (IMFC-J). IRDA also advises and facilitates the implementation of social and environmental initiatives by investors and other stakeholders in Iskandar Malaysia.

IRDA is currently under the purview of the Ministry of Economy with its Members of Authority (MoA) co-chaired by the Prime Minister of Malaysia and the Chief Minister of Johor.

About Invest Johor
Invest Johor serves as the dedicated investment promotion agency for the state of Johor, Malaysia. Committed to driving economic growth and attracting strategic investments, Invest Johor plays a pivotal role in positioning Johor as a premier destination for global investors.

With its comprehensive support services, the agency facilitates seamless investment processes, offering advisory and consultation to businesses across diverse industries. Its efforts are bolstered by Johor’s strategic location, world-class infrastructure, and thriving sectors such as manufacturing, logistics, technology, and renewable energy.

Invest Johor works hand-in-hand with stakeholders to create a business-friendly ecosystem, ensuring investors benefit from the state’s competitive advantages, government incentives, and skilled workforce. As the gateway to opportunities in Johor, the agency is dedicated to fostering partnerships that drive innovation, sustainability, and economic progress for the state

Media Enquiries:

MIDA
En. Mohamad Reduan bin Mohd Zabri
Director, MIDA Johor
Email: [email protected] DL: +607 2245 500

IMFC-J to Drive Realisation of Investments Into JS-SEZ, Streamlining Facilitation Processes for Investors

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Advanced Semiconductor Engineering, Inc. (ASE, a member of ASE Technology Holding Co., Ltd. TAIEX: 3711, NYSE: ASX) today officially launched its fifth plant in Penang, Malaysia.
The new plant will see improved manufacturing capabilities for advanced packaging technologies, and comes at a time when next-gen use technologies such as GenAI are increasingly in demand.

BAYAN LEPAS, Malaysia, 18 February 2025 – ASE has officially launched its fifth plant in Penang, which will significantly build on the company’s strong packaging and testing capabilities in the Bayan Lepas Free Industrial Zone. The new plant is part of a strategic expansion plan that will expand the floor space of ASE’s Malaysia facility from its current area of 1 million square feet to approximately 3.4 million square feet.

Today’s launch ushers in a new era of smart manufacturing for ASE in Malaysia. Over the years, the Malaysia site has been upgrading its manufacturing operations by integrating Industry 4.0 technology and factory automation solutions. From the detection of abnormalities using AI, to improving yield and optimizing production processes through data analysis, the new plant harnesses the power of Artificial Intelligence of Things (AIoT) to enhance productivity and efficiency on the factory floor.

Speaking at the event, Penang Deputy Chief Minister II Yang Berhormat Jagdeep Singh Deo A/L Karpal Singh mentioned, “Backed by over fifty years of industrial excellence, Penang continues to be a premier investment destination for global industrial leaders seeking to expand in Southeast Asia. The establishment of ASE’s new chip packaging and testing facility marks a significant milestone, introducing cutting-edge technological capabilities to its decades-long operations in the state. This further cements Penang’s position as a powerhouse in the global semiconductor landscape, reinforcing its reputation as the ‘Silicon Valley of the East.’”

Meanwhile, Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation of MIDA, emphasised ASE’s contribution to Malaysia’s growing technological leadership, “ASE’s continued expansion here is a testament to the long-standing partnership between Malaysia and Taiwan. To stay ahead in this ever-changing and competitive field, it’s crucial for our businesses to keep innovating and team up with key industry players. That’s why I encourage our local companies to look at opportunities to collaborate with leaders like ASE. These partnerships will not only drive demand for precision engineering, automation, and semiconductor manufacturing, but they’ll also help our homegrown leaders.”

Also in attendance was Dr. Tien Wu, CEO of ASE Inc, who hailed the facility as a critical step in strengthening ASE’s global footprint. “Southeast Asia is increasingly becoming an important base for semiconductors, given its growing digital economy propelling the demand for advanced chips and its shift towards design and chip manufacturing in recent years. With Malaysia solidifying its position as a regional semiconductor hub, we see our expanded facility playing an even greater role across the global semiconductor value chain and, contributing to the country’s economic growth. ASE remains committed to being a driving force for the development of the local and regional semiconductor industry, while continuing to meet and exceed the needs and expectations of our customers.”

With the semiconductor market on track to reach US$1 trillion in revenue in the next decade, OSAT manufacturing remains critical to the global electronics supply chain. As a leading OSAT player, ASE Malaysia has been serving major semiconductor companies since 1991. The new plant comes online at a time when advanced AI chips are increasingly required across various next-gen applications in machine learning, enterprise-led AI use cases, edge computing, electric vehicles and autonomous driving, and more. To that end, ASE is committed to investing in resources and human capital to capture more market share and extend the breadth and depth of its service offerings. The facility expansion will also have greater hiring as well as training and development needs, with an additional 1,500 employees over the next few years.

*****

*Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation, MIDA*

*ASE Grand Launch of Facility Expansion*

About ASE, Inc.
Advanced Semiconductor Engineering, Inc. (ASE), a member of ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711), is the leading global provider of semiconductor manufacturing services in packaging and test. Alongside a broad portfolio of established assembly and test technologies, ASE is also delivering innovative advanced packaging and system-in-package solutions to meet growth momentum across a broad range of end markets, including 5G, AI, Automotive, High-Performance Computing, and more. To learn about our advances in SiP, Fan-out, MEMS & Sensor, Flip Chip, and 2.5D, 3D & TSV technologies, all ultimately geared towards applications to improve lifestyle and efficiency, please visit: aseglobal.com or follow us on LinkedIn & X: @aseglobal.

MIDA
Mohd Mazlan bin Mokhtar
Director of Electrical and Electronics Division, MIDA
T: +603-2267 6655
E: [email protected]

Media contacts:

ASE
Jennifer Yuen
E: [email protected]

Oliver Gomez
E: [email protected]

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

ASE Expands its Chip Packaging and Testing Facility to Enable Next-Gen Applications

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Penang, Malaysia, 17 February 2025 – JHT Semiconductor Sdn. Bhd., a wholly-owned subsidiary of JHT Design Co., proudly announced the grand opening of its leading-edge manufacturing facility in Batu Kawan, Penang on Saturday, 15 February 2025. This significant milestone underscores the company’s unwavering commitment to delivering innovative and reliable semiconductor testing handler solutions to the global market.

The grand opening ceremony was attended by several distinguished guests including, Dato’ Sri Wong Siew Hai, President of MSIA; Mr. Muhammad Ghaddaffi bin Sardar Mohamed, Director of the Malaysian Investment Development Authority (MIDA) Penang; Ms. Ding Qiao, Penang Chinese Vice Consul General; Mr. Xue Feng Cui, Chairman of JHT Design Co., Ltd; Mr. Rick Cui, Representative of Chairman of JHT Design Co., Ltd; Mr. Hai Long Liu, Deputy Chairman cun Secretary of Head of JHT Design Co., Ltd; Mr. Morgan Chee Choon Chye, Managing Director of JHT Semiconductor Sdn Bhd.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, the Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), highlighted the significance of this milestone, stating, “The launch of JHT Semiconductor’s manufacturing facility is a significant step towards Malaysia’s goal of becoming a key player in the global semiconductor machinery ecosystem. This project aligns perfectly with the New Industrial Master Plan 2030 (NIMP 2030) and the National Semiconductor Strategy (NSS) by strengthening our role in global supply chains, advancing semiconductor engineering and enhancing research capabilities. The company’s focus on cutting-edge test handlers and the creation of high-skilled job opportunities for Malaysians reflect our commitment to driving economic growth, technological innovation, and reinforcing Malaysia’s position in the global semiconductor value chain.”

Speaking on behalf of JHT Design Co., Ltd., Mr. Rick Cui remarked, “The opening of JHT Semiconductor Sdn. Bhd. in Malaysia marks a major milestone in our global growth. Built on our founder’s vision, this expansion strengthens our commitment to innovation and excellence. Malaysia’s strategic location and strong semiconductor ecosystem make it the ideal hub for our operations. This facility will enhance our production, manufacturing, and after-sales services, ensuring better support for our clients. We look forward to driving technological advancements and fostering long-term partnerships in the semiconductor industry.”

The new Batu Kawan facility is equipped with advanced infrastructure designed to optimise production processes and ensure superior product quality. This development aligns with JHT Semiconductor’s commitment to technological excellence and enhances its diverse portfolio of high-performance IC test handlers, which includes:

Exceed Series – A high-throughput semiconductor testing handler capable of achieving a peak unit-per-hour output of 13,500pcs at full speed, with precise temperature control for enhanced accuracy and reliability.
Neoceed Series – Designed for superior performance, this series features a high-speed-picker mechanism and a user-friendly interface, ensuring seamless integration and precision for system-level testing.
Summit Series – Offers unparalleled flexibility and precision, supporting up to 16 stations for parallel testing with advanced temperature control options.
Collie Series – Tailored for engineering, reliability, and small batch production, this single station testing solution provides both functional test and system-level test handlers for diverse applications.

JHT Design Co., Ltd. was founded in 2012 by a group of engineering experts who were engaged in industrialised integrated circuit manufacturing in the early days. It is committed to promoting the development of the semiconductor industry with the core technology of high-end intelligent equipment. Since its establishment, the entity has been deeply involved in the field of integrated circuit test handlers, providing test handlers and related customised equipment for well-known semiconductor packaging and testing companies, test foundries, IDM companies, fabless companies, among others.

JHT Design Co., Ltd. aims to establish itself as a comprehensive service provider in Southeast Asia, the Asia-Pacific region, Europe, and the Americas, with a focus on being closer to the market and customers and responding more swiftly to customer needs. It boasts a strong technical team and will continue to upgrade existing products while actively developing new ones.

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About JHT Semiconductor Sdn. Bhd.
JHT Semiconductor Sdn. Bhd., a subsidiary of JHT Design Co., Ltd is in Batu Kawan, Penang, Malaysia. The company specialises in integrated circuit (IC) test handlers and provides customised equipment for semiconductor companies. With a focus on aligning with market demands and swiftly responding to customer needs, JHT Semiconductor Sdn Bhd is committed to delivering efficient and professional semiconductor testing handler solutions. For more information, visit https://jhtsemiconductor.com/

For more information, please contact:

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

JHT SEMICONDUCTOR SDN BHD
Morgan Chee
Managing Director
Email: [email protected] | Tel: +60 4-2023112 | Ext: 888

JHT Semiconductor Launches State-Of-The-Art Manufacturing Facility in Penang

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Kronach/Penang, February 13, 2025 – M.A.i GmbH & Co. KG, a leading German specialist for automation solutions, officially opens a new production and sales location in Penang, Malaysia. The strategic expansion marks a significant milestone in the company’s international growth strategy and strengthens its position in the burgeoning Southeast Asian market.

The cutting-edge Malaysian facility will serve as a regional hub for automation innovation and manufacturing excellence. Engineering teams at the new location will develop customised automation solutions while maintaining the high standards that have defined M.A.i since its founding in 1999. This expansion complements the company’s German headquarters while extending its global reach.

YB Jagdeep Singh Deo, Deputy Chief Minister II of Penang, stated, “With a legacy of five decades of industrialisation and a strong reputation for innovation and technological excellence, Penang offers a thriving industrial ecosystem that naturally attracts investors. Penang is honoured to be the chosen investment destination for M.A.i to expand its global presence to penetrate into the Southeast Asian market, especially at a time when automation is driving industry transformation.”

In his address, Mr. Sivasuriyamoorthy Sundara Raja, the Deputy Chief Executive Officer, Investment Promotion and Facilitation of the Malaysian Investment Development Authority (MIDA), applauded M.A.i Automation on the opening of their state-of-the-art facility in Pulau Pinang. “This milestone marks a new chapter for M.A.I. Automation and highlights Malaysia’s steady ascent in the industrial sector. The establishment of M.A.i Automation in Malaysia aligns perfectly with the aspirations outlined in the National Investment Aspirations (NIA), which aim to elevate our economic complexity, create high-value jobs, and foster inclusive growth.”

“Malaysia’s commitment to these principles positions us as a regional powerhouse for advanced manufacturing within ASEAN, ready to meet the demands of a global market that increasingly values efficiency and technological sophistication,” he further added.

“This expansion is an important step in our global strategy,” explains Mr. Stefan Woldrich and Mr. Mario Michel, CEOs of M.A.i Germany. “Our headquarters in Kronach remains the center of our innovations, strategic decisions, and production. We continuously invest in the expansion and modernisation of our German location, where further expansions are also planned. The new site in Malaysia allows us to efficiently serve the growing demand in Southeast Asia and strengthen our worldwide network. This expansion will enable us to further expand our global presence while benefiting from the strengths of all our locations.”

The choice of Penang as a location was made due to its strategic position, excellent infrastructure, and access to highly qualified professionals. The new branch will work closely with the German headquarters to leverage synergies and drive innovation.

To mark this milestone, M.A.i will celebrate the grand opening of its Penang facility, offering customers and partners an exclusive look into its cutting-edge automation solutions and future growth strategies.

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About M.A.i GmbH & Co. KG
M.A.i GmbH & Co. KG is a global provider of automation solutions in special machine construction, headquartered in Kronach, Germany. The company develops individual solutions for industries such as automotive, medical technology, electronics, and new energy. In addition to its German headquarters, which serves as the central innovation, production, and competence center, M.A.i maintains production sites in China and Mexico. With the expansion in Malaysia, the company strengthens its global presence and manufacturing capabilities in strategically important markets.

For more information, please contact:

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

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

M.A.i GmbH & Co. KG Headquarters
Hummendorfer Straße 74
96317 Kronach-Neuses
Germany
+49 9261 / 910 000
[email protected]
www.m-a-i.de

M.A.i Automation Technology Malaysia Sdn.Bhd.
PMT3089, Jalan Jelawat, Taman Perindustrian Seberang Jaya,
13700 Perai, Penang
Malaysia
+604 383 92 12
[email protected]
www.m-a-i.my

German Automation Giant M.A.i Launches Malaysian Hub in Strategic Asia Push

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