Chemlite Innovation Berhad: Driving Growth Through IPO and Facility Expansion
PENANG, 6 MARCH 2025 – Chemlite Innovation Berhad (Chemlite), a prominent engineering support services provider specialising in surface finishing treatment services, announced the launch of its Prospectus on 5 March 2025 in conjunction with its Initial Public Offering (IPO) on Bursa Securities. This key milestone event marks a significant phase in Chemlite’s strategic expansion, reinforcing its commitment to innovation and strengthening Malaysia’s industrial ecosystem.
As part of its strategic growth initiatives, the company has acquired industrial leasehold land from Penang Development Corporation within Penang Science Park North. This acquisition will enable the development of a new 100,000-square-foot, state-of-the-art facility, designed to enhance the company’s production capacity. This expansion will also further enhance operational efficiencies and broaden Chemlite’s service portfolio, strengthening its position as a key contributor to Malaysia’s rapidly growing semiconductor and electrical and electronics (E&E) industries.
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority, expressed his support, “Chemlite Innovation Berhad’s expansion represents a strategic milestone in Malaysia’s industrial development. This initiative strengthens our E&E industry in particular semiconductor while advancing our technological capabilities. Their investment aligns perfectly with the New Industrial Master Plan 2030, creating high-skilled jobs and reinforcing our domestic supply chains. MIDA remains committed to supporting such high-impact investments that exemplify the type of high-value manufacturing that will drive Malaysia’s global competitiveness.”
Mr Chong Yuen Fong, CEO of Chemlite Innovation Berhad, commented, “MIDA, PDC, and Invest Penang have been instrumental in supporting our expansion, reinforcing Malaysia’s position as a hub for high-value manufacturing. The proactive efforts of the MADANI Government through the Ministry of Investment, Trade and Industry (MITI) and MIDA, have strengthened Penang’s industrial ecosystem, attracting global investments, which is envisaged to benefit our Company. Our new facility will enhance production capacity and enable us to better serve customers.”
Founded in 2007 and headquartered in Penang, Chemlite Innovation has built a reputation as a trusted surface finishing solutions provider, specialising in both metal and non-metal plating services. Serving critical industries, including semiconductors, E&E, and machinery and equipment, Chemlite has become an approved and trusted vendor, recognised for its technical expertise, rigorous quality assurance, and advanced automation. The Company’s existing facility at Penang Science Park features five semi-automated metal plating lines and two fully automated anodising lines.
Beyond capacity expansion, Chemlite is also focused on broadening its service offerings. By third quarter of 2025, the Company will introduce cleanroom cleaning and packaging services, ensuring the meticulous handling and protection of surface-treated intermediate metal products. This expansion not only complements our existing service offerings but also provides customers with greater assurance in maintaining high-quality standards while reducing reliance on external providers, further enhancing Chemlite’s competitive edge.
With strategic growth initiatives targeted for completion by the fourth quarter of 2026, Chemlite remains committed to delivering excellence in surface finishing solutions and assuming a pivotal role in the advancement of Malaysia’s semiconductor and high-value manufacturing industries.
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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 channel.
About Chemlite Innovation Berhad
Chemlite Innovation Berhad (“Chemlite” or the “Company”) is a leading engineering support services provider, specialising in surface finishing treatment services. Incorporated in Malaysia, Chemlite focuses on delivering innovative metal plating and non-metal plating solutions for diverse industries, including semiconductors, telecommunications, medical devices, and automotive sectors. With its advanced technical capabilities, state-of-the-art facilities in Penang Science Park, and a commitment to quality and innovation, Chemlite has earned its reputation as a trusted global vendor, catering to both local and multinational clients.
For more information, visit https://www.chemlite.com.my/.
For more information, please contact:
MIDA
Ms. Zakiah Sajidan
Director of Machinery & Metal Technology Division
Phone: + 603-2267 6769
Email: [email protected]
Chemlite Innovation Berhad
Jazzmin Wan
Tel: +60 17-289 4110
Email: [email protected]
William Yeo
Tel: +60 16-213 2103
Email: [email protected]
