QES Group Berhad Empowers ESG via Its New RM40 Million Manufacturing Plant in Penang
PENANG, 18 MARCH 2024 – QES Group Berhad (QES), a global leader in the semiconductor industry, is advancing in its commitment to sustainable practices and innovation, aligning with Malaysia’s vision to be a front-runner in Environmental, Social and Governance (ESG) leadership in Southeast Asia. This commitment is exemplified through its latest initiative; the establishment of RM40 million plant in Batu Kawan Industrial Park, Penang (QES 2@BKIP) and its adoption of solar energy as a renewable source to decrease reliance on conventional electricity.
QES 2@BKIP is designed to minimise its environmental impact and integrate with its surroundings, aiming to achieve green building certification by utilising eco-friendly materials and implementing renewable energy solutions. This project is expected to create 100 high-quality job opportunities within 3 years.
YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) remarked, “The New Industrial Master Plan (NIMP) 2030 has clearly laid out Malaysia’s industrial reform journey towards achieving higher economic complexity, technological prowess, sustainability, as well as economic inclusivity. The convergence of two or more of these objectives through NIMP’s target sectors will help speed up our industrial reform, and we see this in QES’s upcoming plant where innovative hi-tech semiconductor manufacturing meets sustainability. Such convergence will also help Malaysia’s manufacturing sector move up the global value chain more quickly, while creating better-paying jobs for our people, and contributing to our net zero future.”
Datuk Wira Arham Abdul Rahman, CEO of the Malaysian Investment Development Authority (MIDA), highlights the significance of the ESG theme in reshaping contemporary business practices, particularly within the semiconductor industry. He commends QES, stating, “QES’s sustainability goals dovetail seamlessly with the prevailing trend among companies and investors to prioritise ESG considerations. I am heartened to see their dedication to innovation and sustainability, evidenced by their prioritisation of renewable energy solutions and eco-friendly materials. With ESG now a top priority, collaborative partnerships are essential for semiconductor firms to make progress on decarbonisation. MIDA stands fully supportive of such endeavours, recognising their potential to not only generate high-quality job opportunities but also shape a more sustainable future for generations to come.”
“QES is committed and taking significant steps in achieving our ESG milestones as we recognise the undeniable importance of sustainable practices, therefore we prioritise achieving operational profitability whilst focusing on the ESG criteria as critical components in business sustainability. QES is confident that QES 2@BKIP will further reinforce our presence and foster our efforts for growth and success” said Chew Ne Weng, Group Managing Director of QES Group Berhad.
Simultaneously, QES 2@BKIP will be used to house the joint venture company, Applied Engineering Technology (M) Sdn. Bhd. (“AETM”) with its USA counterpart Applied Engineering Inc. This will double AETM’s factory space from its current rented facility of 18,000 square feet to approximately 30,000 square feet and doubling its manpower requirements over the next 3 years.
With a focus on ESG principles, QES is poised to lead the way towards a more sustainable future, positioning the company as a leader in the semiconductor industry and in Malaysia’s vision for a sustainable future.
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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.
About QES Group Berhad
QES Group Berhad (“QES” or the “Group”) is listed on the Main Board of Bursa Malaysia Securities Berhad. Through its subsidiaries, QES Group is principally involved in the manufacturing, distribution, and provision of engineering services for inspection, test, measuring, analytical and automated handling equipment.
The Group serves customers from a broad range of industries primarily semiconductor, electrical & electronics, automotive & metal, petrochemical and mining industry.
QES is listed under the Industrial Products & Services Sector (Name & Code: QES & 0196).
For more information about QES Group Berhad, please visit https://www.qesnet.com/.
For more information, please contact:
MIDA
Ms. Zakiah Sajidan
Director of Machinery & Metal Technology Division
T: 03-2267 6769
E: [email protected]
QES Group Berhad
Ms. Alicia Chan
Sr. Personal Assistant to the Group Managing Director
Telephone: 03-5882 6668
Email: [email protected]
