TECO Group Deepens Southeast Asia Footprint with RM46 Million TECOBAR Smart Manufacturing Plant in Penang

TECO Group Deepens Southeast Asia Footprint with RM46 Million TECOBAR Smart Manufacturing Plant in Penang

New facility positions Malaysia as a key power infrastructure hub for AI data centres, semiconductors and high-performance computing across ASEAN

Penang, Taipei, 29 April 2026 – TECO Group continues to accelerate its expansion in the Southeast Asian market. Its subsidiary, TECOBAR, today marked a key milestone with the opening ceremony of its new armored busway manufacturing plant—TECOBAR SMARTPOWER SOLUTION SDN. BHD.—in Penang, Malaysia.

The opening ceremony was officiated by Chairman Morris Li. Distinguished guests in attendance included Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of MIDA Penang, Representative Ms. Lien Yu-Ping of the Taipei Economic and Cultural Office, and Ms. Huang Hui-Ling, President of the Penang Taiwanese Business Association, together with other key government and business leaders.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) said, “Malaysia remains a preferred investment destination in Southeast Asia, offering a robust and well-established industrial ecosystem and a future-ready workforce. The launch of TECOBAR’s smart manufacturing facility in Penang reflects the ambitions of the New Industrial Master Plan (NIMP) 2030, which aims to advance our economic complexity and integrate high growth high value (HGHV) sectors such as AI data centres, semiconductors, and green manufacturing.”

“Malaysia and Taiwan share a strong and growing industrial partnership, and Taiwanese companies have long been valued contributors to Malaysia’s manufacturing excellence. We continue to welcome Taiwanese industry leaders to leverage Malaysia’s strategic location, robust supply chain ecosystem, and skilled talent base to scale their global operations. MIDA remains fully committed to facilitating quality investments that create high-value jobs and strengthen Malaysia’s position in the global digital economy,” he added. 

Morris Li, Chairman of TECO stated, “Penang is a key hub for electronics and manufacturing in Southeast Asia. The establishment of this facility to produce high-quality power transmission systems will not only strengthen the capability of delivering local sourcing and local servicing to customers, but also further enhance TECO’s competitiveness in the global market. The inauguration of the new plant also signifies TECO’s integration of group resources and its successful entry into the power infrastructure supply chain for data centres, international cloud service providers, and manufacturing industries in Southeast Asia.”

Representative Lien Yu-Ping, Taipei Economic and Cultural Office in Malaysia highlighted, “The strong complementarity between Taiwan and Malaysia’s industries, noting that Taiwanese businesses have become key partners in Malaysia’s industrial upgrading and AI transformation. She expressed hope that the TECOBAR Penang plant will create new opportunities for mutual growth and cooperation.”

Huang Hui-Ling, President of the Penang Taiwanese Business Association, stated, “This investment will further unite Taiwanese businesses, promote industrial linkages and resource integration, inject new momentum into the development of Penang’s high-tech industries, and enhance regional competitiveness.”

RM46 Million Investment in Smart Manufacturing and Automation; Annual Capacity of 400,000 Meters

The new TECOBAR Penang plant is located within TECO’s Penang Industrial Park, covering 3.5 hectares (within a total park area of 13 hectares). With a total investment of approximately RM 46 million, the facility is designed to reach an annual production capacity of 400,000 meters of busway, positioning it as a key manufacturing hub for both ASEAN and global markets.

The plant focuses on the R&D and manufacturing of high-performance armoured busway systems, primarily applied in AI data centres and high-performance computing environments. Its products are certified to international standards, including IEC and UL. The facility adopts smart manufacturing and automation technologies to significantly enhance production efficiency and delivery flexibility. In line with net-zero trends, the plant also incorporates high-efficiency equipment, energy management systems, and green manufacturing processes to reduce carbon emissions and improve energy efficiency, reflecting TECO Group’s commitment to ESG and sustainable operations.

TECOBAR Integrates Taiwan–Malaysia Dual Bases to Capture AI-Driven Demand Growth

As demand for AI and cloud computing continues to surge, power infrastructure is undergoing rapid transformation. Traditional cable systems are increasingly limited, prompting a shift toward busway systems that offer high current capacity, modular design, and rapid deployment advantages. According to industry research, the global busway market has reached tens of billions of U.S. dollars and continues to grow, with Asia and Southeast Asia as key growth drivers.

Ta-Wen Lin, Chairman of TECOBAR stated “With the launch of the Penang plant, the company will integrate its two major manufacturing bases—cast-resin busway in Taiwan and armoured busway in Malaysia—to form a coordinated regional production network. This will strengthen TECO Group’s service capabilities in the ASEAN market. By leveraging local manufacturing and rapid delivery advantages, TECO aims to enhance its competitive position in key sectors such as data centres, semiconductors, and smart manufacturing, while providing efficient, reliable, and sustainable power solutions to capture new opportunities arising from energy transition and the digital economy.”

The opening of the TECOBAR Penang plant comes ahead of SEMICON Southeast Asia 2026, taking place from 5 to 7 May 2026 at MITEC Kuala Lumpur, where MIDA will host global semiconductor and advanced manufacturing leaders. Investments such as TECOBAR’s Penang facility highlight the depth of Malaysia’s industrial ecosystem and its readiness to capture new opportunities arising from the energy transition and the digital economy.

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 About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About TECO

TECO Electric & Machinery Co., Ltd., founded in 1956, is a leading global industrial motor manufacturer. The company has evolved into a comprehensive energy solutions provider, with key businesses spanning modular data center MEP solutions, ESCO energy services, and EV powertrain systems. TECO is the market leader in Taiwan’s onshore substations for offshore wind (2.5 GW), has delivered over 860 MW of data center projects across Southeast Asia, and holds more than 85% of Taiwan’s e-bus powertrain market, with expansion into India. The company is committed to driving global electrification, intelligent solutions, and sustainable energy. For more information, please visit https://www.teco.com.tw/en-us/

About TECOBAR

TECOBAR specializes in the production of busway systems and power distribution units. It joined TECO Group in 2003 and established the global TECOBAR brand in 2012. Its products are widely applied in data centers, transportation infrastructure, power plants, and high-tech industries worldwide, with a market share of 41% in Taiwan. For more information, please visit: https://www.tecobar.com.tw/zh-tw

For media enquiries, please contact:

MIDA
Name: Mohd Mazlan Mokhtar
Designation: Director, Electrical & Electronics Division
Email: [email protected]
Phone: +603-2267 6655

TECO / TECOBAR
Corporate Communications
Name: Lily Chiang
Teco Electric & Machinery Co., Ltd.
Designation: Director, Brand Public Relations Department
Tel: 886-2-2655-3333 Ext. 3579
Mobile: 0932-325349
Email: [email protected]

Name: Lina Chen
Teco Electric & Machinery Co., Ltd.
Designation: Senior Specialist, Brand Public Relations Department
Tel: 886-2-2655-3333 Ext. 3213
Mobile: 0987-980-078
Email: [email protected]