AME to construct HQPack’s sixth facility in i-Park@Indahpura
12 Jul 2022
AME Elite Consortium Bhd is expediting the continued expansion of its repeat customer HQPack Sdn Bhd (HQ Pack) by constructing its sixth facility in i-Park@Indahpura.
In a statement on Tuesday (July 12), the integrated industrial space solutions provider said the contract comes on the heels of HQ Pack taking delivery of its recently-completed 60,000 square feet (sq ft) manufacturing facility in i-Park@Indahpura in November 2021.
AME said the new facility is slated for completion in the second half of 2023.
HQ Pack, a subsidiary of Netherlands-based high-tech packaging manufacturer HQ Pack B.V., has established presence in Malaysia since 2010.
Together with facilities in Singapore and the United States, it develops, produces and distributes packaging for high-quality and fragile industrial products for leading companies in the semiconductor, electronics, medical, optical, aerospace, machine construction and mechanical components sectors.
AME group managing director Kelvin Lee Chai said with the responsibility of building HQ Pack’s sixth facility, AME is extending its business relationship with this growth-centric company for close to a decade.
“This is surely an example of a synergistic partnership where our integrated industrial parks have ably supported the growth of leading international companies.
“Continued large-scale investments such as this affirm Johor’s position as one of the top five states in Malaysia for total approved investments.
“Our industrial parks endeavour to continue attracting both foreign and domestic direct investments to become a formidable growth engine for the state and nation,” he said.
At 11.40am on Tuesday, AME dipped 0.63% or one sen to RM1.57 with 362,300 shares traded.
Source: The Edge Markets