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From 20 December 2025 to 4 January 2026, MIDA Headquarters in Kuala Lumpur Sentral will undergo comprehensive retrofitting works to enhance our facilities in order to improve our service delivery to our clients.

We remain committed to serving our clients throughout this period:

MIDA continues to operate with full capacity during office hours across all channels. MIDA staff is ready to assist our clients with investment applications, inquiries and support, as well as consultations through multiple touchpoints:

• MIDA’s website at www.mida.gov.my/contact-us (contact details are available under our website directory).

• All online systems remain fully operational.

• Virtual meetings and online consultations.

State Office Network

All MIDA state offices across Malaysia remain fully operational during this period. Visit your nearest office for in-person assistance (contact details are available via our website directory).

What This Means for You

• Business-as-usual service levels maintained

• All online applications continue to be processed

• Virtual engagement options for all stakeholders

For immediate assistance during this period, please contact us at

+603-2267 3633 or visit any of our nearest MIDA State Offices.

Thank you for your continued partnership as we build a better facility to serve the investors and business community.

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MIDA Headquarters Facility Enhancement

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Negeri Sembilan, 12 December 2025 – Exis Tech Sdn. Bhd., a semiconductor equipment manufacturer and subsidiary of Hangzhou Changchuan Technology Co. Ltd. (CCTECH), has commenced operations at its second manufacturing facility in Senawang, Negeri Sembilan, marking a significant expansion of its manufacturing footprint in Malaysia.

The Phase 1 facility represents an investment of approximately RM25 million and effectively doubles the company’s existing production floor space. Phase 2 expansion is scheduled to begin in early 2026 and be completed by late 2027, with additional investment of more than RM100 million. Upon full completion, the expanded site will be six times larger than Phase 1 and is projected to create 600 to 800 new skilled jobs over the next two to five years, alongside 50 new personnel to strengthen the group’s global customer service network.

The Phase 1 opening was officiated by YB Tuan Teo Kok Seong, Negeri Sembilan State Assemblyman and Chairman of the State Action Committee for Industrialisation. Also present were dignitaries from the Embassy of the People’s Republic of China, representatives from the Malaysian Investment Development Authority (MIDA), as well as customers and industry partners.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, MIDA, stated, “Exis Tech’s expansion strengthens Malaysia’s semiconductor ecosystem and reinforces our role in the global value chain. The establishment of advanced IC equipment and chip-testing operations in Negeri Sembilan enhances our national industrial capabilities and supports import substitution in critical technologies.”

“Most importantly, this investment delivers real impact to the rakyat through the creation of high-quality jobs, accelerated skills development, and the strengthening of our national semiconductor talent pool. Aligned with the National Semiconductor Strategy (NSS) and NIMP 2030, MIDA will continue to work closely with Exis Tech and CCTECH to scale innovation, deepen local capabilities, and position Malaysia as a preferred regional hub for semiconductor manufacturing,” he added.

Mr. Zhao Yi, Chairman of CCTECH, said, “The opening of this new Phase 1 facility marks a new chapter in our group’s global expansion, as we seek to become a world-class provider of integrated circuit equipment and chip-testing system solutions. The group’s decision to invest in Malaysia is a testament to the country’s progressive policies focusing on the semiconductor industry and also the abundance of highly skilled workforce. As semiconductor technology continues to evolve, the associated manufacturing challenges have grown even more complex, requiring new methods, materials and machinery. CCTECH is committing half its 5,000-strong global workforce to research and development efforts, in order to overcome these challenges and provide our customers with the most cost-effective solutions.”

“We are very excited to witness the launch of Phase 1 and we look forward to bringing even more products and manufacturing expertise to Malaysia. We hope this will spur greater innovation and propel CCTECH to even greater heights in the near future,” he added.

With the new facility, Exis Tech will serve as CCTECH Group’s principal manufacturing and export base for markets outside of China. The expansion will broaden its local production portfolio, including the integration of Automated Optical Inspection (AOI) machines from fellow CCTECH subsidiary, Singapore Technologies and Instruments Co. Ltd. (STI), further positioning Malaysia as a key node in the group’s global manufacturing and export strategy.

*From left to right-*
YBhg, Dato’ Haji Najmuddin Sharif bin Sarimon (CEO, INVEST NS), Mr. Lee Heng Lee (CEO, Exis Tech), Ms. Xu Xin (Director, CCTECH), YB Tuan Teo Kok Seong (Chairman, State Action Committee for Industrialisation), Mr. Zhao Yi (Chairman, CCTECH), Mr. Sun Shuqiang (Minister Counsellor – Commercial Affairs, China Embassy), Dato’ Seri Wong Siew Hai (President, Malaysia Semiconductor Industry Association) and En. Azizul Hakim bin Abu Haniffa (Director, MIDA N. Sembilan).

*** THE END ***

About MIDA

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

About Exis Tech Sdn. Bhd.

Exis Tech Sdn. Bhd. was established in 2002 and is a subsidiary of the CCTECH Group. The company specializes in the design, assembly, and customer support of back-end Automated Test Equipment (ATE) handlers for the semiconductor industry, serving clients worldwide.

For media enquiries, please visit www.exis-tech.com for contact details.

For media enquiries, please contact:

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

Exis Tech Sdn. Bhd.
Lee Heng Lee
CEO,
Tel: +6012-3223544
Email: [email protected]

Simon Tan Keng Sim
CIO,
Tel: +012-2757420
Email: [email protected]

Exis Tech Sdn. Bhd. Opens Its Newest Production Facility in Negeri Sembilan

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Negeri Sembilan, 10 December 2025 – OTAFUKU SAUCE MALAYSIA SDN. BHD., a joint venture between Japan’s Otafuku Sauce Co., Ltd. (Japan) and Sushi King Holdings Sdn. Bhd., today celebrated the grand opening of its newly constructed halal-certified office and factory in Sendayan TechValley, Negeri Sembilan. The facility, which commenced operations in July 2025 marks a significant expansion in the company’s capacity to serve Malaysia’s growing appetite for Japanese cuisine and export markets across Asia, the Middle East and Europe.

The opening ceremony brought together industry leaders and government officials for a ribbon-cutting, facility tour and culinary showcase featuring halal-certified seasonings produced on-site. Distinguished guests witnessed live teppanyaki demonstrations of Okonomiyaki and Sushi preparation, highlighting the versatility of products manufactured at the JAKIM-accredited facility.

Company Background and Expansion

Established in April 2016 in Selangor, Otafuku Sauce Malaysia aims to manufacture and distribute halal-compliant seasonings, such as Okonomi Sauce, while promoting Japanese cuisine to contribute to the culinary culture of Muslim markets. With the growing popularity of Japanese cuisine, production volumes have steadily increased. To meet rising demand and strengthen production capacity, the company invested RM50 million to construct and expand its new factory. Equipped with semi-automatic filling systems and small-pack filling machines, the new halal-certified facility offers a production capacity approximately eight times greater than the previous plant.

YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), stated, “We are delighted to welcome Otafuku Sauce Malaysia’s additional RM50 million investment into this new state-of-the-art facility in Sendayan, Negeri Sembilan, a decision that powerfully affirms Malaysia’s role as the central hub for the global Halal industry. This project perfectly aligns with our national agenda to attract high-value, quality investments, showcasing how a renowned Japanese company can leverage Malaysia’s rigorous Halal ecosystem to serve both its 85% Malaysian sales and expanding export markets. This commitment to authentic Japanese culinary culture also brings valuable food technology know-how to Malaysia and further deepens the longstanding partnership between our two nations.”

Currently, Otafuku Sauce Malaysia　manufactures over 100 halal-compliant products, including Okonomi Sauce, spicy seasonings such as Kimchi Sauce, soy-sauce based seasonings like Teriyaki Sauce, and vinegar products such as Sushi Rice Seasoning.

The product portfolio comprises 40% NB (our own brand) and 60% ODM (contract manufacturing). In addition to teppanyaki-style dishes, they also provide menu solutions for sushi, ramen, and other diverse dining formats.

To ensure halal compliance, the company exclusively use halal-certified raw materials and employs innovative approaches in product development. For example, their globally popular Okonomi Sauce combines multiple seafood-based ingredients to replicate the savoury taste typically derived from meat, ensuring a universally enjoyable flavour.

Future Outlook

Approximately 85% of Otafuku Sauce Malaysia’s sales come from the Malaysian market, with exports to Indonesia, Singapore, the United Kingdom, the UAE, Japan, and other markets. Indonesia remains a key growth market. The company plans to further expand its presence into the Middle East and Europe through participation in trade exhibitions and leveraging e-commerce platforms.

Mr. Naoyoshi Sasaki, President of Otafuku Holdings Co., Ltd., stated, “Otafuku Sauce Malaysia will continue to produce a diverse range of halal seasonings under stringent quality control, utilising the expertise and recipes cultivated over decades as a Japanese seasoning manufacturer. As the Southeast Asia hub of the Otafuku Group, we aim to deliver safe and reliable halal products to Muslim markets and beyond, while promoting the appeal of Japanese cuisine such as Okonomiyaki to dining tables worldwide.”

Otafuku Sauce Malaysia also actively engage directly with customers through live demonstrations at stores and events, tasting sessions, and recipe-sharing via social media, further strengthening appreciation for Japanese cuisine in Malaysia.

Moving forward, the company will continue incorporating consumer feedback into product development, including exploring flavours that complement Malaysian culinary culture.

*From left to right-*
Mr. Seito Kono, Managing Director, Otafuku Sauce Malaysia Sdn. BHD.; Dr. Yuma Konishi, President & Group CEO of Texchem Resources Berhad.; Tan Sri Dato’ Seri (Dr) Fumihiko Konishi, Executive Chairman & Founder of Texchem Group; His Excellency Shikata Noriyuki, Ambassador Extraordinary and Plenipotentiary of Japan to Malaysia; Ms. Surayu Susah, Executive Director of Manufacturing Development (Resource); Mr. Naoyoshi Sasaki, President of Otafuku Holdings Co., Ltd. and Mr. Takatomi Sasaki, President & CEO Okonomiyaki Instructor, Otafuku Sauce Co., Ltd.

*** THE END ***

About MIDA

About Otafuku Sauce Co., Ltd.

Otafuku Sauce Co., Ltd. was founded in Hiroshima in 1922, began producing vinegar in 1938, and started manufacturing Worcestershire sauce in 1950. In 1952, as Okonomiyaki became popular, we developed Okonomi Sauce specifically for this dish. Today, we manufacture and sell Okonomi Sauce, vinegar, and various seasonings, promoting the deliciousness of Okonomiyaki and Japanese food culture worldwide. Otafuku Sauce Malaysia is the only halal-certified seasoning factory within the Otafuku Group, joining our overseas factories in Los Angeles (Otafuku Foods, Inc., USA) and Qingdao (Daitafuku Foods Qingdao Co., Ltd., China).

For media enquiries, please contact:

MIDA
Ms. Wan Hariati Wan Salleh
Director,
Food Technology & Resource Based Industries Division
Tel: +603-2267 6701
Email: [email protected]

Otafuku Sauce Malaysia Sdn Bhd.
Mr. Yap Swee Huat
General Manager,
Tel: +606-775 3288
Email: [email protected]

Otafuku Sauce Malaysia Sdn. Bhd. Grand Opening Ceremony of The New Halal-Certified Factory Sendayan Techvalley, Negeri Sembilan

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KUALA LUMPUR, 3 December 2025 – Following the announcement by the Prime Minister YAB Dato’ Seri Anwar Ibrahim today, the Malaysian Investment Development Authority (MIDA) welcomes the appointment of Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz as its new Chairman, effective 3 December 2025. The appointment represents a strategic move to strengthen Malaysia’s investment promotion and development capabilities during a period of heightened global economic competition.

Tengku Zafrul brings exceptional credentials to MIDA, combining deep expertise and experiences in both financial services and government policy. Most recently, he served as the Minister of Investment, Trade and Industry for three years (from 3 December 2022 to 2 December 2025), where he successfully navigated Malaysia through complex trade negotiations, geopolitical tensions and positioned the nation as a preferred investment destination amidst global economic uncertainties and supply chain realignment.

During his tenure as the MITI Minister, Tengku Zafrul delivered a historic investment performance for Malaysia. The country secured RM329.5 billion in approved investments in 2023, followed by a record-breaking RM378.5 billion in 2024—the highest in the nation’s history. This momentum continued into 2025, with Malaysia attracting RM285.2 billion in approved investments in the first nine months alone, marking a 13.2% year-on-year increase despite global economic headwinds.

He spearheaded the New Industrial Master Plan (NIMP) 2030, championed the National Semiconductor Strategy, the Green Investment Strategy, the Chemical Industry Roadmap, the ESG Industry Framework and the Circular Economy Policy Framework positioned Malaysia strategically within ASEAN economic integration frameworks, and successfully concluded the Malaysia – US Reciprocal Trade Agreement that protects Malaysian market access.

During Malaysia’s 2025 ASEAN chairmanship, MITI under his leadership, pushed through 18 Priority Economic Deliverables aimed at deepening regional integration in emerging sectors such as electric vehicles and artificial intelligence. The frameworks lay essential groundwork for capturing durable competitive advantages as ASEAN economies integrate further in high-growth sectors.

Notably, his connection to MIDA predates his ministerial roles. During his tenure as Group Chief Executive Officer of CIMB Group Holdings Bhd (2014-2020), one of ASEAN’s largest financial institutions, he served as a Board Member of MIDA (July 2012 to 2018), gaining insights into Malaysia’s investment promotion landscape and industrial development. This earlier involvement positions him uniquely to lead the authority, bringing both institutional knowledge and fresh strategic direction.

MIDA Chief Executive Officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said, “Under Tengku Zafrul’s stewardship at MITI, Malaysia achieved record investment approvals and significantly improved our project implementation rates. His appointment as MIDA Chairman ensures continuity in our strategic direction while bringing fresh impetus to our operational priorities. We are confident that his leadership will further enhance Malaysia’s standing as a premier investment hub.”

Tengku Zafrul’s academic background includes a BSc (Honours) in Economics and Accounting from the University of Bristol, a MSc from the University of Exeter, and an Executive MBA from Tsinghua University’s People’s Bank of China School of Finance. He is a Fellow Chartered Banker with the Asian Institute of Chartered Bankers.

MIDA, established in 1967, remains Malaysia’s principal investment promotion agency, facilitating investments across manufacturing and services sectors. Under Tengku Zafrul’s chairmanship, the authority will continue its mandate to position Malaysia as a competitive, sustainable, and strategically located investment destination for global investors.

–ENDS–

About MIDA

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

For media enquiries, please contact:

Puan Fatmah Ahmad
Corporate Communications Division, MIDA
T: 03-22632428
E: [email protected]

Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz Appointed as Chairman of MIDA

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KULIM HI-TECH PARK, KEDAH, 27 NOVEMBER 2025 – MFMY Sdn. Bhd., a subsidiary of MFSG and leading provider of semiconductor Automated Material Handling System (AMHS) solutions, has established its presence in Malaysia with the official opening of its new manufacturing and service centre. Located at the KHTP SME Park in Kulim Hi-Tech Park (KHTP), Kedah, the nearly 2,000 square meter facility is MFSG’s first integrated manufacturing and service hub in Southeast Asia and is equipped for full global delivery.

The launch ceremony was attended by senior representatives from the Malaysian government, key semiconductor clients, industry associations such as SEMI, local supply chain partners, and the executive team from MFMY’s parent company，MeetFuture Technology, as well as colleagues from MFSG and MFMY—together witnessing a pivotal milestone in the company’s global expansion.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of Malaysian Investment Development Authority (MIDA), remarked, “MFMY Sdn. Bhd.’s integrated hub in Kulim Hi-Tech Park strongly endorses Malaysia’s strategic push toward high-value, high-technology manufacturing. This investment aligns seamlessly with the New Industrial Master Plan (NIMP) 2030, which aims to build a more sophisticated, resilient, and technologically advanced economy. As Malaysia advances its National Semiconductor Strategy (NSS), the Machinery and Equipment (M&E) sector—particularly in Automated Material Handling Systems (AMHS) plays a pivotal role. Companies like MFMY, are essential enablers of the future semiconductor ecosystem, providing the automation and critical infrastructure necessary for our world-leading wafer fabs and packaging giants to maintain global competitiveness and move up the value chain.”

In the officiating remarks, Puan Sunita Binti Abdul Aziz, YDP PBT TPHTK, stated, “The establishment of MFMY Sdn. Bhd. within Kulim Hi-Tech Park reflects the strong confidence that investors have in Kulim as a strategic industrial hub. We look forward to seeing MFMY grow, innovate, and contribute to the district’s economic progress. The local authority remains committed to facilitating an ecosystem that supports industrial excellence and sustainable development.”

Dato’ Haji Mohd Sahil Zabidi, Group CEO of Kulim Technology Park Corporation (KTPC), stated;

“MFMY’s presence in KHTP is aligned with our mission to nurture high-value industries and empower SMEs to scale alongside global players. We believe this new facility will strengthen MFMY’s operational readiness and open new opportunities for collaboration within the KHTP ecosystem. KTPC is proud to support their journey and will continue enabling an environment where companies can thrive.”

“This base marks a critical node in MeetFuture Technology’s global AMHS network,” said Mr. Tee Keng Teck, President of MeetFuture Malaysia, during the ceremony. “With over 50 wafer fab clients worldwide, the launch will significantly shorten our overseas delivery cycles and enhance service responsiveness, providing more efficient and reliable localized support to our global partners. We are grateful for the trust of the Malaysian government and the strong backing from our group headquarters. Moving forward, we are committed to deepening local operations and growing together with our partners in the region.”

Mr. Miao Feng (Ricky), Group Chairman of MeetFuture Technologies, stated, “Malaysia brings together world-leading chip manufacturers, packaging giants, and a vibrant, collaborative supply chain supported by proactive government policy and organizations like SEMI. This dynamic ecosystem is precisely why we chose Kulim, Kedah for our global manufacturing hub. The launch here is a key step in our strategy to connect Southeast Asia with Europe and serve the global market.”

Looking ahead, Mr. Miao emphasised that the Kedah facility will become the launchpad for an expanded international footprint, providing advanced, intelligent, and sustainable AMHS solutions to customers around the world.

Ms. Ke Na(kona), Vice President of MeetFuture Technology, added, “MeetFuture will respect local cultures and uphold compliance, focusing on employee development and local industry integration. By investing in talent, sustainability, and partnership, we aim to drive not only our own growth but also the ongoing advancement of the Southeast Asian semiconductor ecosystem, creating a win-win future with Malaysia.”

The opening of MFMY’s facility comes as Malaysia’s Machinery and Equipment industry continues to attract strong investment interest. For the first nine months of 2025, the industry recorded RM6.4 billion in approved investments, underscoring its critical role in supporting Malaysia’s semiconductor ecosystem and advanced manufacturing capabilities.

From left to right:
Dato’ Mohd Sahil Zabidi, Group CEO KTPC; Mr Tee Keng Teck, Vice President MFMY Sdn Bhd; Mr Ricky Miao, Group Chairman MeetFuture Technology; Pn Sunita Abdul Aziz, President PBT TPHTK; Ms. Kona Ke, Group Vice Chairman MeetFuture Technology; Ms. Linda, President SEMI SEA; Mr. Ang, Executive Director SSIA

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA CEO

-ENDS-

About MIDA

About MFMY

MFMY, located in Kulim Hi-Tech Park, Malaysia, is MeetFuture’s first global manufacturing and service center, covering nearly 2,000 square meters and commencing operations in November 2025. MFMY’s launch will enhance the flexibility and resilience of MeetFuture’s global AMHS supply chain, reaffirming our commitment to delivering stable and reliable solutions to clients worldwide, and strengthening our position as a trusted partner in the semiconductor manufacturing industry.

About MFSG Pte. Ltd.

As the hub of MeetFuture’s global market operations, MFSG is based in Singapore, with a core team drawn from leading overseas wafer fabs, each with over 20 years of AMHS technical expertise. This enables deep insights into semiconductor manufacturers’ needs and challenges. Working closely with MeetFuture’s R&D teams in China, MFSG customizes AMHS solutions for global front-end fabs, advanced packaging facilities, and back-end test and assembly plants, establishing long-term partnerships based on trust and shared success.

About KTPC

Kulim Technology Park Corporation Sdn. Bhd. (KTPC) is the developer and manager of Kulim Hi-Tech Park (KHTP), Malaysia’s first high-tech industrial park. Established since 1996, KTPC’s primary activities include developing and promoting KHTP, as well as building, leasing and renting industrial and non-industrial buildings. KHTP is recognized as a leading global science city, attracting numerous high-tech multinational companies. KHTP is strategically positioned with excellent infrastructure, logistics connectivity, and support services, making it an ideal location for both local and international businesses.

For media enquiries, please contact:

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

KTPC
Ms. Siti Norsakeena Mohd Arshad
Head of Corporate Communication
Tel: +604-403 2420 ext 134
Email: [email protected]

MFMY Sdn. Bhd. Launches First Integrated Manufacturing and Services Hub in Southeast Asia

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PULAU PINANG, Malaysia, 25 November 2025 – Polyplas Sdn. Bhd., a Malaysian-owned precision injection moulding manufacturer and key subsidiary of Ge-Shen Corporation Berhad, is strengthening its strategic presence in Malaysia’s manufacturing landscape with the establishment of a new high-technology plant in Penang, launched on 21 November 2025.

Supported by a committed investment comprising of RM24 million for the new manufacturing facility and RM50 million for advanced machinery and automation, the expansion reflects the company’s continued commitment to strengthening its technologically sophisticated and high-value production activities. The enhanced capabilities are expected to elevate operational efficiency, accelerate Industry 4.0 adoption and reinforce Malaysia’s overall competitiveness in innovation-driven manufacturing.

From left to right-1. Mr.Malveen , Operation Director Polyplas Sdn. Bhd 2. Mr. Muhammad Ghaddaffi, Director (MIDA) 3. Mr Brandon Tham, Operation Director Ge- Shen Corporation Berhad 4. Ms. Siti Norbaya, Director (MITI) 5. Mr. Teoh Chee Wooi, Managing Director Polyplas Sdn. Bhd

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of Malaysian Investment Development Authority (MIDA), emphasised the significance of the project to Malaysia’s industrial development agenda, “MIDA wholeheartedly welcomes Polyplas’s latest expansion, which stands as a strong testament to a homegrown manufacturer advancing up the value chain. Through our strategic investment facilitation, regulatory coordination, and ongoing advisory support, MIDA is proud to champion local champions like Polyplas in their transformation towards high-value, technology-intensive operations. By deepening its specialisation in high-quality plastic components for critical sectors such as industrial products, med-tech products, and consumer goods, Polyplas is contributing meaningfully to Malaysia’s economic complexity.”

“This investment exemplifies the outcome-based, technology-driven growth central to the New Industrial Master Plan 2030 agenda, anchored on advanced manufacturing, high-value job creation, and stronger innovation capacity. The commitment to creating skilled employment opportunities and nurturing local talent through structured training and university collaborations directly supports our national priority of developing a future-ready workforce. Polyplas’s sustained focus on technological adoption, automation, and Industry 4.0 integration further reinforces Malaysia’s position as a globally competitive, innovation-led industrial nation. We are confident that this expansion will inspire more Malaysian companies to embrace innovation and scale up their capabilities to meet the demands of tomorrow’s economy,” he added.

Mr. Andrew Teoh, Managing Director of Polyplas Sdn. Bhd., expressed, “We are delighted to announce the official opening of our new manufacturing facility, marking a significant milestone in our growth journey and reaffirming our commitment to delivering excellence to our customers. This new factory represents not only a significant investment in advanced technology and production capability, but also in our people, our community, and the future of our industry. Equipped with state-of-the-art machinery and sustainable production systems, this facility will enhance our operational efficiency, increase capacity, and support our expansion into new markets. More importantly, it reinforces our dedication to delivering high-quality products while maintaining responsible and environmentally friendly manufacturing practices. The opening of this new factory also brings exciting opportunities for the local workforce.”

“We are committed to creating meaningful jobs, nurturing talent, and contributing positively to the community we now proudly call home. This milestone would not have been possible without the trust of our customers, the support of our partners, and the hard work of our entire team. Together, we look forward to driving innovation, strengthening our competitiveness, and building a brighter future for the company and the communities we serve,” he added.

The expansion has created new high-skilled positions across engineering, technical operations, moulding, quality control, automation, and management. Polyplas is also intensifying its talents development efforts through structured training, upskilling programmes and university collaborations that support Malaysia’s national talent development priorities.

Established in 1988, Polyplas has steadily expanded its production footprint and technical competencies. The company acknowledges the continuous support of the Ministry of Investment, Trade and Industry (MITI), MIDA, and relevant agencies in facilitating its growth. Polyplas remains committed to strengthening Malaysia’s manufacturing ecosystem by supporting supply chain resilience, advancing talent, and contributing to the nation’s long-term industrial development.

*** THE END ***

About MIDA

About Polyplas Sdn. Bhd.

Polyplas Sdn Bhd, established in 1988, is a Malaysian-owned precision injection moulding company specialising in high-quality plastic components for the industrial product, med-tech product, and consumer goods sectors. The company is committed to technological innovation, automation, workforce development, and sustainable manufacturing practices. Headquartered in Penang, Malaysia, Polyplas continues to strengthen its role within the nation’s manufacturing ecosystem. For more information, visit https://gscorp.com.my

For media enquiries, please contact:

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

Polyplas Sdn. Bhd.
Andrew Teoh
Managing Director
Email: [email protected]
Phone: +601116399836

Polyplas Launches New Facility, Advancing Local Talent and Industrial Growth

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Malaysia attracted RM285.2 billion in approved investments for the first nine months of 2025 (9M 2025), marking a 13.2% year-on-year (y-o-y) increase compared to the same period in 2024. The services sector dominated with RM187.9 billion (65.9%), followed by manufacturing at RM93.8 billion (32.9%), and the primary sector at RM3.5 billion (1.2%).
Foreign Investments (FI) accounted for 52.9% or RM150.8 billion of total approved investments, while Domestic Investments (DI) contributed 47.1% or RM134.4 billion.
The services sector’s share recorded RM187.9 billion in approved investments, showing a significant 19.8% y-o-y increase from RM156.8 billion in 9M 2024.
Manufacturing sector’s approvals reached RM93.8 billion, representing strong 5.6% y-o-y growth. This was contributed by a 9.2% increase in FI and a 25.2% increase in new jobs.
Singapore emerged as the leading source of FI with RM52.7 billion, followed by People’s Republic of China (RM35.8 billion), the United States of America (RM11.3 billion), the British Virgin Islands (RM6.6 billion), and Japan (RM4.8 billion).
Johor led all states with RM91.1 billion in approved investments, followed by Selangor (RM51.9 billion), W.P. Kuala Lumpur (RM45.9 billion), Penang (RM23.7 billion), and Kedah (RM17.5 billion).
Between 2021 to September 2025, 85.0% of manufacturing projects have been implemented, which includes full-scale production, factory construction, and machinery installation.

KUALA LUMPUR, 18 November 2025 – Malaysia’s investment performance has proved remarkably resilient in a turbulentglobal environment. The country attracted RM285.2 billion in approved investments during the first nine months of 2025 (9M 2025), a 13.2% increase from the previous year. This strong showing comes at a time when geopolitical and trade tensions, supply chain disruptions, and tighter monetary conditions have dampened investment flows in many other markets, underscoring Malaysia’s enduring appeal as an investment destination.

The 4,874 approved projects span manufacturing, services, and primary sectors. The approvals cover a projected employment creation of 152,766 new jobs, reflecting the scale and sectoral breadth of investors’ interests in Malaysia’s economy.

Foreign Investment Accelerates

Foreign Investments (FI) surged 47.5% year-on-year, with gains across all three (3) sectors: services climbed 122.0%, manufacturing advanced 9.2% and primary industries grew 56.6%. The strong performance reflects Malaysia’s competitive fundamentals and the industrial clusters being developed under the New Industrial Master Plan 2030. It also demonstrates the government’s success in fostering public-private collaboration and positioning the country as a regional hub for advanced manufacturing and sustainable industries.

For approved investments based on foreign sources¹, Singaporeaccounted for the largest share of FI at RM52.7 billion, followed by the People’s Republic of China (RM35.8 billion), the United States of America (RM11.3 billion), the British Virgin Islands² (RM6.6 billion), and Japan (RM4.8 billion). The composition reflects Malaysia’s strategic position between major economies, its role in supply-chain diversification efforts, and deepening market integration within ASEAN.

Johor Leads the Pack

Johor recorded the highest value of approved investments (RM91.1 billion), followed by Selangor (RM51.9 billion), W.P. Kuala Lumpur (RM45.9 billion), Pulau Pinang (RM23.7 billion) and Kedah (RM17.5 billion).

Johor’s dominance is largely attributed to the Johor-Singapore Special Economic Zone (JS-SEZ) and its proximity to one of Asia’s most advanced economies. Two states under the Central Corridor region, Selangor and Kuala Lumpur, continue to benefit from established infrastructure and their role as Malaysia’s commercial and financial nerve centre. Penang’s strength lies in its mature electronics ecosystem, while Kedah is emerging as a beneficiary of northern corridor development initiatives.

National Investment Aspirations (NIA) – Driving Malaysia’s Long-Term Growth

Focus sectors under the National Investment Aspirations (NIA) framework attracted RM137.9 billion, representing 48.4% of total approved investments. These 676 projects are expected to generate 49,488 jobs, demonstrating alignment between investment strategy and national development objectives.

Projects under the purview of the Ministry of Investment, Trade and Industry (MITI) and MIDA accounted for RM159.1 billion, or 55.8%. This includes 1,838 projects projected to create 75,068 jobs.

Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry, described the performance as proof that Malaysia’s economic strategy is working. “RM285.2 billion in nine months is exceptional by any measure. While global capital flows are contracting elsewhere, Malaysia continues to attract quality investments at scale. This reflects the confidence investors have in our political stability and economic vision. When global investors look at Southeast Asia, they are increasingly choosing Malaysia. We are not just competing within ASEAN—we are setting the benchmark. Our focused execution of key missions under the New Industrial Master Plan 2030 is attracting investments, while delivering jobs and upskilling opportunities to power up our transition towards a high-value, knowledge-based economy.”

Services Sector Powers Ahead

The services sector secured RM187.9 billion in approved investments, representing 65.9% of the total across 3,969 projects. This marked an increase of 19.8% y-o-y, with an estimated 80,066 jobs to be created. The sector’s dominance reflects Malaysia’s growing importance as a regional hub for data centres, digital infrastructure, and corporate headquarters, as well as the continuing expansion of its financial services and logistics capabilities.

DI contributed RM111.8 billion (59.5%) while FI contributed RM76.1 billion (40.5%). This healthy balance reflects foreign and domestic investors’ continued confidence and the sector’s broad-based appeal.

Leading sub-sectors included:

Information and Communications: RM99.8 billion
Real Estate: RM56.6 billion
Utilities: RM9.7 billion
Distributive Trade: RM7.2 billion
Support Services: RM7.0 billion

An example of a notable project elevating Malaysia’s services sector is MF Solar Tronoh Sdn. Bhd. which is investing RM123 million in a renewable energy generation facility in Tronoh, Perak. The project will generate clean electricity through solar power technology, contributing to Malaysia’s green energy transition.

Manufacturing Attracts Quality Investments

The manufacturing sector attracted RM93.8 billion or 32.9% of total approved investments across 885 projects expected to generate 72,672 jobs. FI dominated at 77.9% (RM73.1 billion), with DI contributing RM20.7 billion (or 22.1%).

The share of higher-skilled roles continues to rise: the managerial, professionals/technical and supervisory (MTS) index reached 45.0%. This suggests a steady progress in moving up the value chain, a shift that will hinge on the continued upskilling of local talent and accelerating technology adoption.

Top Performing Industries

Electrical and Electronics (E&E): RM22.0 billion
Chemical and Chemical Products: RM17.5 billion
Transport Equipment: RM12.7 billion
Basic Metal Products: RM9.9 billion
Non-metallic Mineral Products: RM7.5 billion

Notable Projects in the Manufacturing Sector

A RM3.51 billion advanced semiconductor facility is being developed at Kulim High Tech Industrial Park in Kedah. The plant will produce system-in-package (SIP) systems or modules, microelectromechanical systems (MEMS), and sensors, positioning Malaysia at the forefront of advanced semiconductor packaging and sensor technology manufacturing.

JXR Manufacturing Sdn. Bhd.: JXR is investing RM5.76 billion in an advanced mineral processing facility in Kemaman, Terengganu. The plant will produce alumina, positioning Malaysia as a key player in critical minerals processing for advanced manufacturing and green technology applications.

Perusahaan Otomobil Nasional Sdn Bhd & PROTON Tanjung Malim Sdn Bhd (PROTON): The national carmaker is investing RM1.29 billion to expand its manufacturing complex in Tanjong Malim, Perak. The investment will establish production capabilities for new energy vehicles and their components, transmission and its components, alongside expanded capacity for passenger cars, multi-purpose vehicles, casting components, and metal stamping parts. The project positions Malaysia’s automotive sector for the transition to electric mobility while strengthening the country’s manufacturing ecosystem.

Ferrotec Silicon Materials Malaysia Sdn. Bhd.: Ferrotec is investing RM256 million to expand its facility in Pasir Gudang, Johor. The plant will produce silicon products and components for semiconductor chips fabrication, supporting the precision manufacturing ecosystem that underpins Malaysia’s semiconductor industry.

Vitrox Technologies Sdn. Bhd.: The Malaysian technology firm is investing RM250 million in an advanced manufacturing facility in Penang. The investment reinforces the state’s position as a critical node in global technology supply chains and strengthens Malaysia’s homegrown capabilities in semiconductor inspection and testing equipment.

T Hasegawa is investing RM185 million in a food technology facility at Techpark@Enstek in Negeri Sembilan. The plant will produce liquid flavors, flavor powders and mixed seasoning powders for the food and beverage industry.

URC Snack Foods (Malaysia) Sdn. Bhd. is undertaking a RM100 million expansion in Pasir Gudang, Johor, to increase its production capacity for chocolate and confectionery products, strengthening Malaysia’s role as a regional hub for snack food.

Primary Sector Maintains Stability

The primary sector secured RM3.5 billion in approved investments across 20 projects, mainly in mining activities. The approved investments are dominated by domestic sources with RM1.9 billion (53.1%), while foreign sources contributed RM1.6 billion (46.9%).

Strong Project Pipelines and Leads Ahead

From January to September 2025, MITI and MIDA undertook nine (9) missions, including five (5) Trade and Investment Missions (TIMs) and four (4) official visits led by Prime Minister Dato’ Seri Anwar Ibrahim. These engagements covered the United Arab Emirates, United Kingdom, Switzerland, India, Russia, Saudi Arabia, Singapore, the United States of America (USA), Italy, France, China, and the Netherlands.

The missions secured investment commitments, deepened bilateral economic ties, and gave Malaysian officials direct access to decision-makers at major multinationals.

Malaysia’s pipeline of projects remains robust. As at 9 November 2025, MIDA is facilitating 192 potential projects valued at RM39.0 billion. The services sector leads with 119 projects worth RM24.4 billion, while manufacturing accounts for 73 projects valued at RM14.6 billion.

MIDA is also in discussions regarding an additional RM39.4 billion in high-impact investment leads—signaling sustained investor interest and confidence in Malaysia’s pro-business policies and long-term economic direction.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said the strong pipeline projects and investment leads reflect a shift in how investors view Malaysia. “We are no longer just an option in investors’ diversification strategies—we are increasingly the preferred choice. What distinguishes this momentum is the quality of investments we are securing: technology-driven projects in digital infrastructure and advanced manufacturing that position Malaysia deeper into regional supply chains. Through the Invest Malaysia Facilitation Centre (IMFC), we have compressed decision-making timelines and removed bureaucratic friction. The RM39.0 billion pipeline we are actively facilitating, plus another RM39.4 billion in advanced discussions, demonstrates that investors’ confidence remains robust despite external challenges. Notably, reinvestments by global multinationals signal sustained conviction in Malaysia’s long-term fundamentals. What sets us apart is our ability to move swiftly from interest to implementation, ensuring that every commitment translates into real economic activity.”

From Approvals to Implementation

Between 2021 to September 2025, the National Committee on Investment approved 4,378 manufacturing projects. Of these:

85.0% of projects (3,724) have been implemented, which includes full-scale production, factory construction, and machinery installation.
12.0% remain in the planning phase, focusing on critical activities such as site selection and developer consultations.
3.0% of projects were not implemented due to a change of commercial direction by the investor(s).

Implementation rates for specific periods reinforce this credibility:

Over 90% of manufacturing projects approved in 2021 until 2024 have been implemented.
87.2% of 2024’s and 58.7% of January – September 2025’s projects are already progressing, a commendable rate given that the manufacturing project was just recently approved and the average lead time of 18 to 24 months typical for such developments.

Examples of implemented projects are provided in Appendix I.

The consistently high implementation rates reflect investor confidence, policy stability, efficient investor support services, and effective inter-agency coordination. The MADANI Government’s strategic reforms, crystal-clear focus on high-impact sectors, and streamlined investor facilitation are ensuring that each project creates quality employment, builds capacity, and contributes to a sustainable, high-value economy. This whole-of-government approach positions Malaysia as a preferred destination for quality investment for generations to come.

¹Compilation of foreign investments is based on the ultimate source. The ultimate source refers to the home country of the foreign investor that holds control over the decision-making process and investment management, even if the investment flows through several intermediary sources.

²Based on declaration by the applicant company in its submission to MIDA and relevant Ministries/Agencies.

***End***

About MIDA

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

Explainer: DOSM’s FDI and MIDA’s approved Foreign Investment (FI)

There has been some confusion on the term Foreign Direct Investment (FDI) as reported by the Department of Statistics Malaysia (DOSM), and the approved Foreign Investment (FI) data as captured by MIDA. To clarify, the Government has determined the use of these terms since December 2023, as follows:

MIDA reports on approved Foreign Investments (FI) – These represent proposed investment projects with foreign equity participation that have been granted licenses, incentives, permits, grants, soft loans, etc., by relevant Ministries and Agencies. They are measured based on CAPEX and OPEX, such as land, building, and resources. Approved FI reflects potential investments into the country which will be realised into actual inflows over a specified period, usually across multiple years. On average, 18-24 months is the typical duration to complete the required regulatory steps between approval and implementation, before projects get off the ground. The release of approved FI data serves as a forward-looking indicator of investor’s confidence, the strength of Malaysia’s investment prospects, and the key sectors attracting foreign investors.

DOSM reports on Foreign Direct Investment (FDI) – This figure refers to investments by non-residents via transactions of financial instruments, including equity, reinvestment of earnings and debt instruments (such as inter-company loans and advances, trade credits, etc.). For instance, if a foreign investor buys shares in a Malaysian company, this would be captured by DOSM’s FDI data. FDI statistics for Malaysia are compiled as part of the balance of payments, which is compiled based on the IMF’s BPM6 guidelines.

For further information, please refer to https://www.mida.gov.my/why-malaysia/investment-statistics/

For media enquiries, please contact:

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

Media Release

Infographic (English)

Infographic (BM)

Malaysia’s RM285.2 Billion Approved Investments in 9M 2025 Up 13.2% Y-O-Y, Defies Global Headwinds, Creates Over 150,000 Jobs

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

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

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

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

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

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

–END-

About MIDA

About InvestPenang

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

About Linktel Technologies Sdn.Bhd.

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

For media enquiries, please contact:

MIDA

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

InvestPenang

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

Linktel Technologies Sdn.Bhd.

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

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

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Swift Bridge Technologies becomes Malaysia’s first local manufacturer of certified EV chargers, fully developed and assembled domestically.
RM11.2 million over three years to establish full production lines for AC (7kW–22kW) and DC (120kW–600kW) EV chargers.
Job creation: Over 200 skilled Malaysian jobs.
Strategic partnerships: MoUs signed with Ideal Property Group, ChargeSini, EV Plus, and SDEC Karuna at GATE 2025, witnessed by MIDA CEO and MARii CEO.

Kuala Lumpur, 12 November 2025 — Swift Bridge Technologies (MFG) Sdn. Bhd. (Swift Bridge Technologies) will advance Malaysia’s electric vehicle (EV) manufacturing ecosystem through the localisation of EV charger production. This project involves a total investment of RM11.2 million over the next three years.

The collaboration was formalised during the Global Automotive & Technology Expo (GATE 2025) at the Kuala Lumpur Convention Centre (KLCC), where Swift Bridge Technologies signed Memoranda of Understanding (MoUs) with Ideal Property Group, ChargeSini, EV Plus, and SDEC Karuna. The MoU exchange was witnessed by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA and Mr. Azrul Reza Aziz, Chief Executive Officer of Malaysia Automotive, Robotics and IoT Institute (MARii).

Swift Bridge Technologies will establish full production lines for AC EV chargers (7kW–22kW) and DC EV chargers (120kW–600kW). The company targets an annual output of 10,000 AC chargers by 2026 and 1,000 DC chargers by 2028, positioning itself as Malaysia’s first local manufacturer of certified EV chargers.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, stated, “MIDA welcomes Swift Bridge Technologies’ initiative to localise EV charger production in Malaysia, a significant step in strengthening our domestic EV infrastructure. This investment reflects growing confidence of industry players in Malaysia’s policy direction under the New Industrial Master Plan 2030, Low Carbon Mobility Blueprint, and Green Investment Strategy. Through such collaborations, we are advancing our national objectives to attract quality, technology-driven investments, deepen local supply chains, and create high-skilled employment that supports Malaysia’s transition towards a sustainable, high-value economy.”

Building Local Capacity

Swift Bridge Technologies is investing in human capital development to train over 200 skilled Malaysian talents within the next three years. This includes professionals for maintenance, commissioning, and field service roles as well as engineers and technicians in product design, process engineering, and assembly operations.

All EV chargers produced will be tested and certified by SIRIM QAS, ensuring compliance with international and Malaysian standards for safety, reliability, and performance.

Dato’ SK Chong, Executive Chairman of Swift Bridge Technologies, stated, “This collaboration with MIDA and SIRIM marks a major milestone for Malaysia’s EV industry. Swift Bridge Technologies is proud to be the first local manufacturer of certified EV chargers, fully developed and assembled in Malaysia. Together with our partners, we are creating jobs, developing talent, and strengthening our local supply chain under a proudly Malaysian brand.”

Strengthening the EV Ecosystem

The locally manufactured EV chargers will serve a wide range of users – from Charging Point Operators (CPOs) and Property Developers to commercial and residential customers. The initiative is set to expand Malaysia’s local supply chain and reinforce the nation’s position as a regional leader in EV manufacturing and green technology innovation.

-ENDS-

**From left to right:**
Mr. Muhammad Fa’izzul Zaidi, General Manager, SDEC Karuna JV Sdn. Bhd.
Mr. Henry Jiang, Managing Director, LCD OEM Partner, Swift Bridge Technologies and Executive Director, Swift Kart Sdn. Bhd.
Mr. Du, Director, Lincher Technology Partner, Swift Bridge Technologies
Dato’ SK Chong, Group Managing Director, Swift Bridge Technologies (MFG) Sdn. Bhd.
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, Malaysian Investment Development Authority (MIDA)
Mr. Azrul Reza Aziz, Chief Executive Officer, Malaysia Automotive, Robotics and IoT Institute (MARii)
Mr. James Goh Chiang Lock, Founding & Managing Director, ChargeHere EV Solution Sdn. Bhd.
Dato’ Muhamad Adzrill bin Abu Bakar, Director, Ideal Property Group
Mr. Jayson Peh, COO, EV Plus Mobility Solutions Sdn. Bhd.
Eunice Teoh, Chief Executive Officer, EV Plus Mobility Solutions Sdn. Bhd.

**From left to right:**
Ir. Dr. Ngoo, Industry Advisor, Swift Bridge Technologies
Mr. Henry Jiang, Managing Director, LCD OEM Partner, Swift Bridge Technologies and Executive Director, Swift Kart Sdn. Bhd.
Eunice Teoh, Chief Executive Officer, EV Plus Mobility Solutions Sdn. Bhd.
Mr. Du, Director, Lincher Technology Partner, Swift Bridge Technologies
Dato’ Muhamad Adzrill bin Abu Bakar, Director, Ideal Property Group
Dato’ SK Chong, Group Managing Director, Swift Bridge Technologies (MFG) Sdn. Bhd.
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer, Malaysian Investment Development Authority (MIDA)
Mr. Azrul Reza Aziz, Chief Executive Officer, Malaysia Automotive, Robotics and IoT Institute (MARii)
Mr. James Goh Chiang Lock, Founding & Managing Director, ChargeHere EV Solution Sdn. Bhd.
Mr. Jayson Peh, COO, EV Plus Mobility Solutions Sdn. Bhd.
Mr. Muhammad Fa’izzul Zaidi, General Manager, SDEC Karuna JV Sdn. Bhd.
Datuk Dennis Chuah, Chairman, EV Association Malaysia

About MIDA

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

About Swift Bridge Technologies (MFG) Sdn. Bhd.

Swift Bridge Technologies (MFG) Sdn. Bhd., a subsidiary of the Swift Bridge Group, is Malaysia’s first manufacturer of certified electric-vehicle (EV) chargers, supporting the nation’s EV localisation and industrialisation roadmap.

Founded in 1989 and headquartered in Sungai Petani, Kedah, the company specialises in precision high-frequency coaxial test cable assemblies, automotive harnesses, and EV charging solutions. Swift Bridge’s locally assembled AC (7 kW – 22 kW) and DC (120 kW – 600 kW) chargers are SIRIM QAS-certified, meeting both international and Malaysian safety standards.

Through continuous investment in research & development, local talent building, and Industry 4.0–ready production, Swift Bridge is developing a strong ecosystem of Malaysian engineering excellence—driving home-grown innovation, sustainability, and global competitiveness.

For more information, visit www.swiftbridgetechnologies.com or email [email protected].

For media enquiries, please contact:

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

Swift Bridge Technologies (MFG) Sdn. Bhd.
Dato SK Chong
Managing Director
Swift Bridge Sdn Bhd
Phone: 04-261 0029
Email: [email protected]

Swift Bridge Technologies Announces its Localised Production of Malaysia’s First EV Chargers with RM11.2 Million Investment

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The Central Region initiative is projected to drive long term growth.
Two-day programme convenes over 800 industry leaders, policymakers, business communities and investors to address supply chain integration gaps.
Contributing an estimated RM24.5 billion to GDP annually.
MOU signed between MIDA and MRCB signals infrastructure commitment.
Programme features international benchmarking with Netherlands’ Brainport Industries model.

Kuala Lumpur, 11 November 2025 —The Malaysian Investment Development Authority (MIDA), together with the Department of Federal Territories and State Governments of Selangor, Negeri Sembilan and Melaka through their respective investment promotion agencies, today launched a two-day Central Region Programme that signals a maturing approach to industrial development—one that prioritises ecosystem integration.

The programme arrives at an opportune moment. Global supply chains are reconfiguring, and Malaysia’s Central Region—already home to established capabilities in financial and global services hubs, electrical and electronics, aerospace, pharmaceuticals, and food manufacturing—is positioned to capture a larger share of high-value production networks. The initiative projects RM24.5 billion in annual GDP contribution, RM12.5 billion in approved investments yearly, and 5,000 high-value jobs over five years.

At the Royale Chulan Kuala Lumpur, over 800 industry leaders, policymakers, business communities and investors convened under the theme “Innovating Industries, Connecting Markets” to align on what distinguishes this effort: its focus on strengthening supply chain linkages and enabling local enterprises to scale alongside multinational partners.

Building on Proven Strengths

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), positioned the initiative as the natural evolution of Malaysia’s industrial strategy, stating, “The Central Region Industrial Cluster Initiative strengthens Malaysia’s industrial backbone by connecting suppliers, talent, and innovation hubs—turning strong foundations into faster investment, smarter tech adoption, and real opportunities for local enterprises to scale. Aside from policy clarity, Malaysia’s revamped fiscal tools also reward real industrial outcomes: if you invest in capability, we will match it with facilitation and targeted incentives. And the Central Region cluster is where the strategy engine soars to translate pure potential into actual production, exports and jobs.”

The Minister’s emphasis on building rather than starting afresh reflects a strategic reality, the Central Region already possesses substantial industrial infrastructure, skilled workforce pools, and established manufacturing ecosystems. The programme aims to connect these assets more deliberately.

Regional Synergy in Action

YB Datuk Seri Dr. Zaliha Mustafa, Minister in the Prime Minister’s Department (Federal Territories), remarked, “The Federal Territories serve as the strategic heart of the Central Region by providing the intellectual infrastructure, global services ecosystem, innovation capacity and governance efficiency that, through strong regional synergy, enable manufacturers in neighbouring states to grow with confidence. Kuala Lumpur and Putrajaya anchor corporate functions, research and development support, advanced testing facilities, smart city readiness and a deep talent pool, which together strengthen regional competitiveness by giving investors reliable access to high-value services and seamless connectivity. Working alongside MIDA and our regional partners, the Federal Territories are committed to shape a cohesive and future-ready industrial cluster that drives sustainable and high-tech economic growth for the entire Central Region.”

The commitment from state leadership underscores the programme’s collaborative foundation. YAB Dato’ Seri Amirudin Shari, Menteri Besar of Selangor, articulated the rationale for regional cooperation: “Selangor has substantial industrial capacity—the factories, the workforce, the infrastructure are all in place. What this programme addresses is the need to strengthen connections between our manufacturers and help them integrate with the right partners. When the four states work together, we present investors with a far more comprehensive proposition. This is fundamentally about creating shared value across the region.”

YAB Datuk Seri Utama Ab Rauf Yusoh, Chief Minister of Melaka, drew on Melaka’s proud legacy as a historic global gateway: “From the glory days of the Melaka Sultanate, our state has always been a bridge connecting regions and driving trade. Today, we are reviving that legacy not just through modern trade routes, but by strengthening advanced manufacturing networks and new growth industries. With strong halal food hub capabilities and major developments such as the Melaka Hi-Tech Park, German Technology Park and Elkay 2.0, Melaka is positioned as a key engine of Malaysia’s industrial future.”

“Melaka fully supports the Central Region development. Our strategic location and readiness enable us to contribute meaningfully to this regional ecosystem, allowing companies to tap into shared capabilities and elevate competitiveness across the nation.”, he added.

YAB Dato’ Seri Utama Haji Aminuddin bin Harun, Menteri Besar of Negeri Sembilan, spoke to his state’s strategic positioning, “Negeri Sembilan has developed strong capabilities in aerospace, pharmaceuticals and precision manufacturing, aligned with the development plan of Malaysia Vision Valley 2.0. However, we recognise that competing effectively requires this kind of regional collaboration. When companies evaluate Southeast Asia, they assess ecosystem strength—supplier availability, workforce quality, operational efficiency. This programme strengthens our collective ability to meet those requirements.”

Ecosystem-Driven Approach

YBhg. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, made it clear about what distinguishes this initiative, ” We have long measured success by the quantum of investments announced. This programme represents a deliberate shift—we seek investments that integrate deeply into our economy, that enable our SMEs to participate in global supply chains, and that create genuine upward mobility for our workforce. MIDA’s mandate has evolved significantly. The Central Region complements the equally significant regional economic corridors, namely ECER, NCER, Iskandar, RECODA, and SEDIA. This requires seamless collaboration between federal and state governments, meaningful partnerships between industry and academia, and a government that functions as an enabler rather than merely an authority. When we speak of transformation, this is what we mean.”

Industry Engagement and Knowledge Exchange

Day one brought together industry practitioners—including Greatech Technology, Besi Apac, Collins Aerospace, and representatives from PETRONAS—to share insights on supply chain development and digital transformation. The Malaysian Communications and Multimedia Commission led discussions on scaling 5G deployment from pilot projects to full industrial implementation, addressing both the opportunities and practical challenges of smart manufacturing adoption.

Day two’s sector-specific breakouts addressed pharmaceutical ecosystem development with Rezk Ventures, aerospace and E&E supply chain optimisation with Texas Instruments and CTRM, halal food manufacturing positioning with Nestlé and Baba’s, talent pipeline strengthening through industry-academia partnerships, and startup funding pathways from seed to Series A and beyond.

The participation of Brainport Industries from the Netherlands, a region that has successfully transformed itself into a high-tech manufacturing cluster provides valuable peer insights into collaborative industrial development models that transcend individual jurisdictions.

Timely Strategic Positioning

The initiative’s timing aligns with broader shifts in global manufacturing. As companies seek to diversify production networks and build resilience, Malaysia’s Central Region offers a compelling proposition: established industrial capability, strategic geographic position, political stability, and now, coordinated ecosystem support across state boundaries.

The exchange of a memorandum of understanding between MIDA and Malaysian Resources Corporation Berhad demonstrates infrastructure commitment beyond policy statements. The involvement of all four – Federal Territories’ Minister, Menteri Besar of Selangor and Negeri Sembilan and Chief Minister of Melaka, in substantive dialogue including a fireside chat moderated by the MITI Minister signals the depth of economical alignment behind the initiative.

***The End***

About MIDA

For media enquiries, please contact:

Mr. Sukri Bin Abu Bakar
Director of Domestic Investment Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 3685

Central Region Programme Showcases Malaysia’s Collaborative Push for Industrial Growth and Supply Chain Ecosystem

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Duration:

Flagship event for Central Malaysia (Federal Territories, Selangor, Negeri Sembilan and Melaka).
Two-day programme featuring keynote sessions, fireside chats, and industry forums on supply chain resilience and smart industry transformation.
Up to 1,000 participants expected, including industry captains, investors, and policymakers.
Aims to strengthen industrial ecosystems, boost supply chain integration, and promote high-value, sustainable investments.

Kuala Lumpur, 6 November 2025 — The Malaysian Investment Development Authority (MIDA), together with the Department of Federal Territories and Investment Promotion Agencies of the Central Region’s states, is gearing up for its flagship Central Region Programme 2025, themed “Innovating Industries, Connecting Markets”.

Taking place from 11–12 November 2025 at Royale Chulan Kuala Lumpur, this event will bring together up to 1,000 senior representatives from leading industries, chambers of commerce, and government agencies to chart the next phase of regional industrial growth.

Encompassing Malaysia’s highly dynamic corridor – The Federal Territories, Selangor, Negeri Sembilan, and Melaka – the Central Region contributes nearly half of Malaysia’s Gross Domestic Product (GDP) and anchors key industries from electronics and automotive to logistics and digital technology.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “The Central Region Programme reinforces our commitment to advancing Malaysia’s industrial transformation through stronger regional ecosystems. The Central Region remains a critical hub where innovation, talent, and infrastructure converge – driving sustainable investments that align with the MADANI Economy Framework and the New Industrial Master Plan 2030.”

Programme Highlights

The two-day programme will kick off with a high-level launch and a fireside chat exploring the Central Region’s growth potential particularly in the four (4) priority industries (Electrical & Electronics, Aerospace, Pharmaceutical and Food Manufacturing), followed by interactive sessions on strengthening Malaysia’s supply chain ecosystem and advancing digital transformation. Parallel to these, activities such as the MCMC Business Clinic will offer companies direct engagement with mobile network operators to explore 5G solutions and smart industry applications.

Advancing Regional Industrial Growth

Through this initiative, MIDA and its Central Region partners aim to deepen supply chain integration, enhance talent readiness, strengthen regional linkages, and empower local industries to move up the value chain. The programme serves as a collaborative platform to spur quality investments, drive innovation, and reinforce Malaysia’s position as a competitive and sustainable investment hub in ASEAN.

Join Us

The Central Region Programme 2025 welcomes industry players, and business communities seeking to explore new collaborations and gain fresh insights into Malaysia’s evolving industrial landscape.

***The End***

About MIDA

For media enquiries, please contact:

Mr. Sukri Bin Abu Bakar
Director of Domestic Investment Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 3685

MIDA Gears Up for Flagship Central Region Programme 2025: Driving Industrial Growth and Supply Chain Ecosystem

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Empowering Local Vendors, Strengthening Malaysia’s New Energy Ecosystem, and Building
Global Partnerships

A high-impact Supplier Development and Partnership Programme, organised by MIDA, in collaboration with Hyundai, reinforces Malaysia’s position as a rising regional hub in the new energy and mobility ecosystem through localisation and technology transfer.
The initiative connects 12 Malaysian vendors with Hyundai and 36 of its global Tier-1 suppliers to encourage joint ventures, technical assistance, and technology cooperation parnerships.
The collaboration supports advancing manufacturing capabilities by boosting high-value supply chains and accelerating technology adoption in advanced manufacturing.

Kuala Lumpur, Malaysia; Seoul, The Republic of Korea (ROK) – 3 November, 2025 – The Malaysian Investment Development Authority (MIDA) in collaboration with Hyundai Motor Malaysia (HMY) organised a five-day Supply Chain Development and Partnership Programme to strengthen Malaysia’s localisation capabilities, enhance the technical expertise of local vendors, and support the country’s transition towards an advanced new energy ecosystem

Held from 27 to 31 October 2025 in ROK, the programme brought together 12 Malaysian vendors and 36 Hyundai global Tier-1 suppliers for exclusive business matching sessions, factory visits, and technology sharing engagements designed to promote collaboration and knowledge exchange. Participants also visited Hyundai’s Asan Plant and Hyundai Motor Studio, gaining first-hand insights into the company’s advanced manufacturing systems and innovation in mobility solutions.

Driving the Future Together

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA CEO, emphasised the importance of this collaboration, stating, “This partnership marks an important step in strengthening Malaysia’s position as a leading regional automotive player, in line with the National Automotive Policy (NAP) and the New Industrial Master Plan (NIMP) 2030. It reflects our steadfast commitment to driving industry transformation through innovation, technology transfer, and strong public-private collaboration. Through this partnership with Hyundai, MIDA seeks to empower Malaysian vendors to move up the value chain, enhance local capabilities, attract quality investments, and accelerate the nation’s transition towards next-generation mobility.”

Through this strategic collaboration, MIDA and Hyundai are working hand in hand to connect Malaysian vendors with regional and global Tier-1 suppliers, opening new pathways for long-term partnerships and market access. Beyond capability building, the programme also lays the groundwork for future joint ventures, technical alliances, and co-development projects, fostering a more resilient and innovation-led supply chain for Malaysia’s new energy industry.

Strengthening Malaysia’s Position in the Region

Four Memorandums of Understanding (MoUs) were also signed between Malaysian and Korean vendors to support Hyundai’s vehicle production in Malaysia through technical collaboration. This partnership is vital for strengthening the local automotive ecosystem by giving Malaysian technical vendors access to advanced technologies and manufacturing expertise. This will elevate product quality, improve efficiency, and expand technical capabilities, aligning with global standards. The collaboration also promotes local participation in the automotive supply chain, reducing import dependency while stimulating innovation, skilled job creation, and sustainable growth within Malaysia’s automotive industry.

Commitment to Long-Term Growth

“Hyundai remains deeply committed to Malaysia not only as an investor, but as a long-term partner in progress,” said Jahabarnisa Haja Mohideen, Managing Director of Hyundai Motor Malaysia. “We look forward to continuing our collaboration with MIDA, our supply chain partners, and the wider automotive ecosystem to drive sustainable growth for our partners, the economy, the government, and ultimately, our customers.”

The collaboration builds on Hyundai’s broader efforts to localise production and nurture technology-driven partnerships across the region. As part of its global vision of Progress for Humanity, Hyundai continues to champion innovation and inclusive growth: bringing world-class mobility solutions closer to communities while contributing to national economic development.

Standing from left to right: Ms Jahabarnisa Haja Mohideen, Managing Director, Hyundai Motor Malaysia, Ms Sudiana Muhamad Nawati, Deputy Director of Transportation Technology Division, MIDA and Mr. Kyu Weon Kang, Head of Procurement, Hyundai Manufacturing Malaysia Sdn. Bhd.

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About MIDA

About Hyundai Motor Company

Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,’ Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. In pursuit of a sustainable future for the world, Hyundai will continue its efforts to introduce zero-emission vehicles with industry-leading hydrogen fuel cell and EV technologies.

More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai.

For More Information, Please Contact:

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

HYUNDAI MOTOR MALAYSIA
Chegne Shuk Yin
Public Relations
[email protected]
+6016-225 7830

Farisya Khairuddin
Public Relations / Innocean Malaysia
[email protected]
+6012-405 0381

Karisma Krishnasamy
Public Relations / Mad Hat Asia
[email protected]
+6016-205 0174

MIDA and Hyundai Motor Malaysia Drive Strategic Supply Chain Development, Strengthening Malaysia’s Automotive Industry

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

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

From left to right-1. Mr. Mohamad Reduan Mohd Zabri, Director, MIDA Johor; 2. Ms. Wan Hariati Wan Salleh, Senior Deputy Director, Food Technology & Resources Based Industries Division, MIDA; 3. Yang Berhormat Tuan Lee Ting Han, Chairman of Johor State Investment, Trade, Consumer Affairs and Human Resources Committee; 4. Mr. Ong Bee Chip, Managing Director, OTS Holdings Limited; 5. Mdm. Ong Chew Yong, Executive Director, OTS Holdings Limited; and 6. Dr. Yu Lai Boon, Non-Executive Chairman and Independent Director, OTS Holdings Limited

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

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

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

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

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

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

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

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

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

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About MIDA

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

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

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

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

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

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

For media enquiries, please contact:

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

OTS Holdings Limited

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

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

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

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

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

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

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

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

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

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

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

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

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

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

From left to right-EDRI Eastern China Branch, Deputy Director & General Manager – Mr. Liu XiaoHu; KIDE International Sdn Bhd, Chairman – Mr. Huang WeiJun; Ichia Technologies Inc., Chairman – Mr. Benng Huang; Taipei Economic and Cultural Office in Malaysia, Deputy Representative – Mr. James Buu; Ichia Technologies Inc., CEO – Mr. Eric Tseng; MIDA Kedah Director – Puan Nazlizan Abdullah; and Invest Kedah, Chief Operating Officer – Encik Noor Ikhsan Abdul Aziz.

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About MIDA

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

About Ichia

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

For media enquiries, please contact:

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

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

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

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

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Partnership links capital, policy and regional expertise to strengthen Malaysia’s competitiveness and support local enterprise expansion

Kuala Lumpur, 23 October 2025 – The Malaysian Investment Development Authority (MIDA) and CIMB Bank Berhad (CIMB or the Bank) have formalised a strategic partnership through a Memorandum of Understanding (MoU) to accelerate high value, sustainable investments, deepen industrial ecosystems, and enhance Malaysia’s competitiveness.

The collaboration creates a strategic bridge linking Malaysia’s national investment priorities with CIMB’s regional financial network. Together, the partnership will drive capital mobilisation that supports technology adoption, supply chain resilience, and sustainable enterprise growth.

Through this MoU, MIDA and CIMB will design a series of investment-focused programmes that go beyond traditional promotion — enabling investors and businesses to access tailored financial solutions, cross-border advisory, and sustainable financing frameworks. The collaboration will also promote cross border business expansion, supporting Malaysian companies to build presence in new markets and integrate into regional value chains.

CIMB will leverage its Wholesale Banking and Commercial & Transaction Banking expertise to deliver end-to-end support for both foreign and domestic investors, particularly in high-impact sectors. Through its comprehensive financing ecosystem, CIMB will help local SMEs scale into regional supply chains, participate in high-value industrial activities, and meet ESG and green-transition goals.

The collaboration will also include data insights, publications, and knowledge sharing to strengthen policy developments and enrich investor engagement. Both organisations will coordinate co-branding and outreach across digital and investor platforms to further amplify Malaysia’s position as a trusted, forward-looking investment destination.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, expressed confidence in the partnership, “This collaboration with CIMB marks a decisive move to elevate Malaysia’s ecosystem and accelerate the delivery of high-impact projects. MIDA’s strong track record in securing strategic investments across key sectors serves as a platform for this partnership to translate opportunities into tangible outcomes. By combining our investor relationships and sector expertise with CIMB’s financial connectivity and sustainability focus, we are broadening the channels for quality investments that empower Malaysian businesses and strengthen regional linkages. Together, we are reinforcing Malaysia’s standing as a trusted and forward-looking destination for strategic and sustainable investments.”

Gurdip Singh Sidhu, Chief Executive Officer of CIMB Malaysia and CIMB Bank Berhad, said “As a vital partner for trade and investment across ASEAN, CIMB is focused to position Malaysia as a leading premier destination for both foreign and domestic investments. This collaboration with MIDA underscores our strong alignment with the Government’s focus of driving high quality, sustainable inflows that create
tangible economic value, including innovation, job creation and supply chain development. Leveraging our extensive regional network and financial expertise, we will accelerate cross-border connectivity and catalyse strategic investments that enhance the country’s long-term growth, resilience, and global competitiveness.”

CIMB actively champions high-impact initiatives, particularly those aimed at growing FDI and DDI. Earlier this year, the Bank announced a RM10 billion funding commitment over a three-year period (2025-2027) to accelerate economic integration and unlock cross-border business opportunities within the Johor–Singapore Special Economic Zone (“JS-SEZ”). The programme aims to drive investment flows and facilitate market access for corporate clients and small and medium-sized enterprises. Since the announcement, CIMB has already deployed more than 30% of the commitment – a strong indicator of the programme’s early traction. Complementing this, CIMB has also introduced the ASEAN Financial Passport and set up six dedicated branches in Johor to provide businesses with a seamless cross-border onboarding and banking experience.

From left to right-Ms. Denise Wong Chin Wuen, Head of Corporate and Public Sector Coverage, CIMB; Mr. Gurdip Singh Sidhu, CEO, CIMB Bank Berhad; Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO, MIDA; and Mr. Faizal Jalaludin, Executive Director, Investment Promotion, MIDA.

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About MIDA

About CIMB
CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM73.0 billion as at 30 June 2025. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services.
Headquartered in Kuala Lumpur, the Group is present across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and Philippines. Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 571 branches and over 33,000 employees as at 30 June 2025. CIMB’s investment banking arm is one of
the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

For media enquiries, please contact:

MIDA
Mr. Awangku Fiarulnazri Awang Tajudin
Head of Section,
Corporate Strategy and Revenue Management Section
Tel: +603-2267 6682
Email: [email protected]

CIMB
Anis Azharuddin / Kelvin Jude Muthu
Group Corporate Communications
CIMB Group Holdings Berhad
Email: [email protected] / [email protected]

MIDA and CIMB Collaborate to Drive Sustainable Growth and Malaysia’s Next Investment Wave

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

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

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

Strategic Partnerships Drive Green Momentum

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

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

Maybank Partnership Unlocks Green Financing

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

Comprehensive Investor Support Through MIDA

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

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

Looking Ahead: Accelerating Green Transformation

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

***The End***

About MIDA

For media enquiries, please contact:

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

APPENDIX

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

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

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

Mr. SK Lew, Managing Director of Northern Solar

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

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

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Kuala Lumpur, 16 October 2025-The Malaysian Investment Development Authority (MIDA), the nation’s principal investment promotion agency, and Maybank, Malaysia’s largest bank, have formalised a strategic partnership through a Memorandum of Understanding (MOU) to jointly promote Malaysia as a premier global investment destination. Under this collaboration, MIDA will harness its investment facilitation expertise and policy coordination role, while Maybank will leverage its financial advisory experience and regional reach to channel both domestic and foreign capital into Malaysia’s high growth sectors.

The MOU exchange was witnessed by YB Datuk Seri Johari Abdul Ghani, Minister of Plantation Industries and Commodities, and Acting Minister of Natural Resources and Environmental Sustainability, during the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2025 at the Kuala Lumpur Convention Centre.

Together, MIDA and Maybank will lead a series of targeted promotional programmes – including investment missions, business roundtables, and strategic marketing campaigns to attract high-value and transformative investments to Malaysia. Focus areas include the electrical and electronics (E&E) industry, digital economy, electric vehicle (EV) ecosystem, healthcare, and petrochemical.

These initiatives are aligned with national frameworks such as the New Industrial Master Plan 2030 (NIMP), National Energy Transition Roadmap (NETR), National Semiconductor Strategy (NSS), New Investment Incentive Framework (NIIF), and Green Investment Strategy (GIS), as well as state-level developments including the Johor-Singapore Special Economic Zone (JS-SEZ).

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “Financial institutions are the connective tissue between capital and opportunity. Maybank’s deep roots in ASEAN and its strong global presence make it an ideal partner to position Malaysia not just as a destination for investment, but as a launchpad for regional expansion. Through this partnership, MIDA will continue to provide end-to-end facilitation – from regulatory guidance to aftercare support – helping investors establish. scale and succeed with confidence in Malaysia. Together, we aim to deliver what investors value most: stability, connectivity, and a clear path to growth.”

Dato’ Sri Khairussaleh Ramli, President and Group Chief Executive Officer of Maybank said, “The MOU signing between Maybank and MIDA is timely, coming on the heels of Budget 2026 which sets the stage for attracting investments to achieve key economic targets under the 13th Malaysia Plan.”

Dato’ Sri Khairussaleh added, “As Malaysia’s largest bank and a leading institution in ASEAN that serves a wide spectrum of clients, we are more than a lender. Through our partnership with MIDA, we also aim to position Malaysia as a global Halal economy leader, to drive sustainability and strengthen the domestic ecosystem by connecting SMEs to global supply chains and opportunities in AI and the new economy.”

This MOU underscores a shared commitment to enhancing Malaysia’s global competitiveness and contributing to ASEAN’s economic resilience and sustainable growth.

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About MIDA

About Maybank
Maybank is among Asia’s leading financial groups and Southeast Asia’s fourth largest bank by asset with close to 44,000 employees worldwide. The Group has an international network of 2,600 offices in 18 countries including all 10 ASEAN markets and also present in international financial centres such as London, New York, Hong Kong and Dubai. With a purpose of Humanising Financial Services and guided by its M25+ strategy, Maybank provides an array of values-based solutions established on sustainable and ethical principles to meet its customers evolving needs. This extensive range of products and services, include consumer and corporate banking, investment banking, Islamic banking, stockbroking, insurance and takaful, wealth management and asset management. (www.maybank.com)

For media enquiries, please contact:
MIDA
Mr. Awangku Fiarulnazri Awang Tajudin
Head of Section,
Corporate Strategy and Revenue
Management Section
Tel: +603-2267 6682
Email: [email protected]

Maybank
Group Corporate Affairs
Ms. Izlyn Ramli
Mobile: +60 19 200 0248
[email protected]

Group Global Banking
Ms. Noelle Lim
Mobile: +65 9233 4794
[email protected]

MIDA And Maybank Join Forces To Position Malaysia As A Global Investment Hub

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Osaka, Japan, 14 October 2025-The Malaysian Investment Development Authority (MIDA) and the Japan External Trade Organisation (JETRO) signed a three-year Memorandum of Cooperation (MoC) yesterday, marking the final day of Expo 2025 Osaka. The agreement establishes enhanced mechanisms for bilateral investment promotion at a time when both countries are strengthening their economic strategies around sustainability and supply chain resilience.

Over the six-month duration of Expo 2025, MIDA secured RM12.79 billion in Japanese-led investment leads across semiconductors, renewable energy, medical devices, and advanced manufacturing—sectors that align with Malaysia’s New Industrial Master Plan (NIMP) 2030 and Japan’s Green Transformation (GX) and Digital Transformation (DX) initiatives. The MoC provides the institutional architecture to convert such interest into operational projects.

Areas of Cooperation

Under the framework, MIDA and JETRO commit to facilitating investment promotion missions, strengthening company linkages between two countries enterprises, providing mutual market entry support, exchanging intelligence on emerging sectors, and deepening collaboration on projects initiated at Expo 2025 Osaka.

The agreement, while non-binding, carries practical significance. It designates both agencies as single points of contact for businesses navigating cross-border investment, addresses a recurring complaint from investors about regulatory opacity, and signals policy continuity that Japanese corporations are known for long investment horizons.

Strategic Alignment

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, at the signing ceremony, said “The Expo results particularly the RM12.79 billion investment-leads generated happened because the national strategies between Malaysia and Japan align. Japan’s GX and DX initiatives complement perfectly with our Malaysia’s NIMP 2030, Green Investment Strategy, and the National Semiconductor Strategy. This MoC ensures that alignment translates into concrete outcomes for businesses on both sides.”

“The policy convergence is notable. Japan, seeking to diversify supply chains and secure renewable energy sources following its post-Fukushima energy transition, views Malaysia as a manufacturing alternative to China and a potential hydrogen supplier. Malaysia, aiming to attract quality foreign investment and climb the value chain, sees Japanese technology and patient capital as instrumental to achieving NIMP 2030 targets”, he added.

Broader Context

Japan is Malaysia’s third-largest foreign investor in manufacturing, with cumulative approved investments of RM107.5 billion to date. Nearly 3,000 Japanese manufacturing projects have created employment for more than 346,000 Malaysians, concentrated in electrical and electronics, chemicals, machinery, and transport equipment.

The relationship has evolved. In the 1980s, Japanese firms came primarily for cost arbitrage. Today, they come for strategic positioning within ASEAN, access to renewable energy infrastructure, and participation in Malaysia’s semiconductor ecosystem. The shift reflects broader changes in Asian manufacturing networks as companies reconfigure supply chains for resilience rather than pure efficiency.

The MoC takes effect immediately, with implementation coordinated through MIDA’s Tokyo and Osaka offices and JETRO’s Kuala Lumpur office.

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About MIDA

For media enquiries, please contact:
Ms. Lim Ming Yee
Director of Foreign Investment Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 3762

MIDA And JETRO Formalise Three-Year Cooperation Framework As Expo 2025 Osaka Yields RM12.79 biliion in Investment Leads

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Kuala Lumpur, 2 October 2025-Malaysia is positioning itself strategically through enhanced cooperation between regulators and industry to unlock the potential of one of its most vital manufacturing sectors. A new partnership between the Malaysian Investment Development Authority (MIDA) and the Machinery & Engineering Industries Federation (MEIF) demonstrates the government’s astute recognition that successful industrial upgrading stems from genuine collaboration with private sector partners who possess deep market expertise and operational insights.

Through the Memorandum of Understanding (MoU), MIDA and MIEF will establish a structured platform for collaboration to deliver on the ambitions of the New Industrial Master Plan (NIMP) 2030 and Malaysia’s domestic investment agenda. The partnership will prioritise ecosystem development, technology adoption, sustainability, investment facilitation, and stronger linkages between industry, government and research institutions.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, emphasised that, “Malaysia’s machinery sector remains fundamental to our manufacturing base, and this collaboration with MEIF represents a significant opportunity to accelerate our next growth phase. We’re seeing encouraging signs that Malaysian SMEs are ready to embrace advanced technologies and what they need is structured support to compete effectively in high-value global supply chains. Through this partnership, we can build on the sector’s existing strengths while helping our engineers and technicians develop the capabilities that global markets demand. By aligning industry expertise with government resources, we’re positioning Malaysia’s machinery and engineering sector to capture a larger share of regional manufacturing investment, particularly as companies seek reliable, technology-capable suppliers closer to key markets.”

Mac Ngan Boon, MEIF President, expressed, “This MoU with MIDA marks an important step in strengthening Malaysia’s machinery and engineering ecosystem. For decades, our industry has contributed quietly but significantly to the nation’s growth. Today, we are called to play a bigger role — to deepen local supply chains, embrace new technologies, and prepare our SMEs to compete on a global stage. With MIDA as a strategic partner, MEIF is confident that we can help position Malaysia’s M&E industries as a pillar of industrial transformation under the NIMP 2030.”

The partnership promises to accelerate research and development (R&D) linkages while fostering innovation-driven collaborations that strengthen trust between government, industry, and academia. By building a globally competitive, investment-ready, and sustainability-driven M&E ecosystem, Malaysia is positioning itself as a regional leader in industrial transformation.

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About MIDA

About MEIF

The Machinery & Engineering Industries Federation (MEIF) is Malaysia’s national federation representing the machinery, engineering, and advanced manufacturing sectors. MEIF works closely with government, industry, and international partners to strengthen industrial competitiveness, build resilient supply chains, and support innovation and sustainability across the machinery and engineering ecosystem. Through strategic initiatives, dialogues, and industry programmes, MEIF advances the role of the sector as a cornerstone of Malaysia’s industrial and economic growth.

For media enquiries, please contact:

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

MEIF
Prof Datin Lorela Chia
Vice President, Strategy & Communications
Email: [email protected]
Tel: +603-89249000 ext:12005

Secretariat, MEIF:
Ms Syifa Shamimi
Email: [email protected]
Tel: +60 12-813 4828

Ms Nabila Izzaty
Email: [email protected]
Tel: +60 12-936 4828

MIDA And MEIF Join Forces To Future-Proof Malaysia’s Machinery And Engineering Ecosystem

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

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

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

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

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

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

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

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

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

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

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About MIDA

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

About UPS

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

For media enquiries, please contact:

MIDA

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

UPS

Tim Neesham
UPS Asia Pacific Communications
[email protected]

UPS Opens New Package Centre, Enhances Delivery Services In Penang

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

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

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

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

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

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

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About MIDA

About Dunham-Bush Industries Sdn. Bhd.

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

For media enquiries, please contact:

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

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

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

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

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

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

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

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

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

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Mengenai MIDA

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

Untuk pertanyaan media, sila hubungi:

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

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

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

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

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

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

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

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

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

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About MIDA

About X-FAB

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

For More Information, Please Contact:

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

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

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

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

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

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

Official Opening of the Sinter Plant

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

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

Groundbreaking for Refined Ferromanganese Converter – Project Salamander

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

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

Institutional Support

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

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

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

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

Welcoming JFE Minerals as Fourth Shareholder

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

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

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

(Photo Caption: Salamander Project Groundbreaking Ceremony)

(Photo Caption: Sinter Plan Launching Ceremony)

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About MIDA

About Sakura Ferroalloys Sdn Bhd

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

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

For More Information, Please Contact:

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

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

Sakura Ferroalloys Breaks Ground For Refined Ferromanganese Production

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