• In Q12024, the plastic industry recorded RM565 million in approved investments, projected to generate 1,018 new job opportunities.
• Emphasis on advancing towards a circular economy with increased recycling activities and new markets for advanced recycling technologies.
• Continued partnership between MIDA and MPMA to drive innovation and sustainable practices in the plastics sector.

Kuala Lumpur, 26 June 2024 – The Malaysian Investment Development Authority (MIDA) and the Malaysian Plastics Manufacturers Association (MPMA) co-organised the MIDA-MPMA Conference on Government Facilitation and Assistance for Circular and Low Carbon Economy at Avante Hotel, Petaling Jaya today. With almost 100 participants, the Conference was successfully organised to provide insight into various government policies, facilitations and assistance for the manufacturing sector specifically the plastic industry.

The MIDA-MPMA Conference featured sessions by speakers from the Ministry of Investment, Trade and Industry (MITI), Ministry of Economy, Malaysian Investment Development Authority (MIDA), Malaysia External Trade Development Corporation (MATRADE), Bursa Carbon Exchange, Alliance Bank, and Argus Media.

The plastics industry, intricately linked with Malaysia’s economic growth, has evolved into a high-tech, capital-intensive sector. Its versatility is showcased in products across various industries, making it a cornerstone for sectors like E&E, automotive, aerospace, medical devices, and food packaging.

In 2023, the plastics industry attracted RM4.1 billion in investments across 81 projects, with RM3.21 billion (78%) from foreign sources and RM889 million (22%) from domestic sources. These projects are expected to create 4,249 job opportunities. In Q1 2024, the industry recorded RM565 million in investments, projected to generate 1,018 job opportunities.

MIDA Chief Executive Officer, Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, stated, “The growth and transformation of the plastics industry in Malaysia are remarkable, showcasing our nation’s commitment to innovation and sustainability. As we advance towards a circular economy, we see a significant increase in recycling activities, creating new markets for advanced recycling technologies. Our continued progress in this sector is a testament to Malaysia’s dedication to environmental stewardship and economic growth. Malaysia is committed to achieving net zero carbon by 2050. To this end, MIDA is working closely with MPMA to drive industry collaboration and understand the demand and supply of recycled plastic resources, which are crucial for many industry players in their decarbonisation efforts.

He added, “For companies that wish to partake in this journey but are unsure how to get going, they can take advantage of the Automation Capital Allowance, which has been extended until 31 December 2027 and enhanced to cover Industry 4.0 elements, with the capital expenditure limit increased to RM10 million. Additionally, MIDA has introduced the Domestic Investment Accelerator Fund (DIAF), a matching grant aimed at local SMEs and Mid-Tier Companies to foster automation, digitalisation, and ESG practices, and the Foreign Investment Accelerator Fund (FIAF) to facilitate the transfer of high-tech know-how through R&D and training initiatives.”

Speaking at the opening of the Conference, Mr. CC Cheah, President of MPMA said that the main challenge facing the industry is many of the plastics are disposed after used. Therefore, enhancing the recycling rate will help to reduce the plastics pollution issue in our country but this effort must be supported by a holistic approach, e.g. from product design to segregation at source, effective waste collection system and well-managed recycling plants. The development of these infrastructure facilities requires support from all stake holders from the resin producers to plastics convertors, the public at large and the Government.

“MPMA has recently proposed a Plastics Neutrality Masterplan which provides thought leadership to drive towards zero plastics to landfills by 2050. In Malaysia, achieving plastic circularity and neutrality poses several formidable challenges. The Masterplan addresses the challenges by promoting a multi-faceted approach, involving policy reforms, investments in infrastructure, public education campaigns, and collaboration among stakeholders across the plastics value chain. The Masterplan reinforces the industry’s commitment to address concerns related to plastics, by making plastics circular, driving lifecycle emissions to net zero, and fostering the sustainable use of plastics,” added Mr Cheah.

At the Conference, Mr. CC Cheah said that the plastics industry is fully supporting and committed to playing a vital role in contributing towards the country’s target of becoming a carbon-neutral nation by 2050. The plastics industry has started to use solar power as an input of its energy mix several years ago by installing solar panels on the factories’ rooftops to generate solar power. With the implementation of the targeted subsidy, electricity costs have increased substantially. This will encourage more plastics companies to increase their usage of renewable energy the industry is very fortunate to be able to learn from knowledgeable and resourceful speakers on the various types of Government assistance and facilitations. As such, plastics companies are looking for more green energy options such as participating in the Corporate Green Power Programme. MPMA hopes that the Energy Authorities could provide more options and channels in the future so that more green.

The ongoing collaboration between MIDA and MPMA is set to continue driving Malaysia’s advancements in the plastics industry, ensuring sustained progress and innovation.

**The End**

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 MPMA

The Malaysian Plastics Manufacturers Association (MPMA), established in 1967, is a progressive trade association providing leadership and quality service to its members and the plastics industry.  MPMA is the official voice of the Malaysian plastics industry, representing its members and the industry in Government interaction, spearheading the plastics industry’s growth and providing the platform to assist members in being globally competitive. MPMA currently has about 800 members comprising Ordinary members, which represent about 60 per cent of plastics manufacturers in the country and account for 80 per cent of the country’s total production of plastic products, as well as Associate members who are mainly raw material and machinery suppliers.

Media contacts:

MIDA
Ms. Siti Halimaton Mohd. Rejab
Director, Chemical and Advanced Materials Division
Email: [email protected]
Tel.: +603-2267 6701

MPMA
Mr. SC Chan
Manager, MPMA
Email: [email protected]
Tel: +603 78763027

MIDA – MPMA Conference on Government Facilitation and Assistance for Circular and Low Carbon Economy

• For January to March 2024 (Q12024), Malaysia attracted RM83.7 billion of approved investments in manufacturing (RM43.0 billion, 51.3%), services (RM39.3 billion, 47.0%) and primary (RM1.4 billion, 1.7%) sectors.
• The overall approved investments recorded a notable 13% increase from the same period last year (Q12023).
• Foreign investments (FI) contributed RM47.0 billion (56.2%), while domestic investments (DI) were RM36.7 billion (43.8%). Both categories have shown growth compared to Q12023 with FI notably increasing by 23.8%, while DI rose by a modest 1.6%.
• Top five (5) sources of FI led by Austria (RM30.1 billion), Singapore (RM5.6 billion), The Netherlands (RM3.6 billion), The People’s Republic of China (RM3.4 billion), and The United States of America RM632.8 million).
• Significant investments were approved in Kedah (RM31.3 billion), W.P. Kuala Lumpur (RM21.5 billion), Selangor (RM12.4 billion), Sarawak (RM4.2 billion), and Johor (RM4.1 billion).
• A total of 1,257 projects approved, expected to generate 29,027 new jobs in the country. Total employment increased by 14.6% compared to Q12023.
• Capital Investment per Employee (CIPE) and Managerial, Technical, and Supervisory (MTS) index for the manufacturing sector recorded higher levels at RM2.4 million and 44.2%, respectively, compared to Q12023.
• Notably 77.2% of manufacturing projects approved between 2021 to March 2024 have been implemented.

Kuala Lumpur, 21 June 2024 –Malaysia has shown commendable performance for the period January to March 2024 (Q12024) with a total value of RM83.7 billion in approved investments across various sectors. This represents a solid 13% increase from RM74.1 billion in the same period last year (Q12023). These approved investments comprise of 1,257 projects, which are expected to generate 29,027 new job opportunities for Malaysians.

Foreign investments (FI) accounted for 56.2%, or RM47.0 billion of the total investments, while domestic investments (DI) made up the balance of 43.8%, valued at RM36.7 billion.

Austria topped the list of foreign investors by a very wide margin, with RM30.1 billion (64%) in approved investments, followed by Singapore (RM5.6 billion), The Netherlands (RM3.6 billion), The People’s Republic of China (RM3.4 billion), and The United States of America (RM632.8 million).

In terms of states, Kedah recorded the highest value of approved investments (RM31.3 billion), followed by W.P. Kuala Lumpur (RM21.5 billion), Selangor (RM12.4 billion), Sarawak (RM4.2 billion), and Johor (RM4.1 billion).

Target sectors stipulated by the National Investment Aspirations (NIA) contributed RM53.7 billion, accounting for 64.1% of the total approved investments across 252 projects, which are expected to create 17,056 new job opportunities. The NIA is built on five robust pillars: enhancing economic complexity, creating high-value job opportunities, expanding domestic linkages, developing new and existing clusters, and promoting inclusivity.

Of the total approved investments, RM47.5 billion, or 56.8%, fall under the jurisdiction of MITI/MIDA, covering 500 projects with 18,517 new job opportunities.

YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade, and Industry (MITI) said, “Approved investments of almost RM84 billion for Q12024, up by 13% year-on-year, reflect how Malaysia has earned investors’ trust. Working closely with MIDA, MITI has delivered not just the investment numbers, but also their speedy realisation to quickly translate these investments into business opportunities for SMEs and jobs for Malaysians. While we acknowledge the usefulness of short-term indicators of our business landscape, the real proof of Malaysia’s competitiveness is in the actual, continuous inflow of investments into key target sectors outlined by NIMP 2030, including in high-growth industries such as semiconductors, data centres, renewable energy and electric vehicles. This is why we will also continue to focus on longer-term industrial reforms and other strategic policy efforts to nurture a conducive investment ecosystem, to drive productivity as well as sustainable, inclusive growth that will pave the way for Malaysia to be one of the top 30 largest economies globally by 2033.”

Malaysia’s Manufacturing Sector Thrives with Substantial Investment Growth

Malaysia’s manufacturing sector experienced significant momentum with approved investments of RM43.0 billion, registering a remarkable 174.9% increase compared to the first quarter of last year. A total of 252 projects were approved, which would create 17,991 new employment opportunities. Of these, 80.8% (14,528) are for Malaysians, with 50.6% in management, professional, technical, supervisory, and skilled labour roles.

Foreign investments (FI) accounted for RM38.2 billion or 88.8% of the total approved investments in the manufacturing sector. Domestic investments (DI) contributed RM4.8 billion or representing 11.2% of the total.

Key indices such as Capital Investment per Employee (CIPE) and Managerial, Technical, and Supervisory (MTS) index also recorded higher levels compared to the same period last year. The CIPE stood at RM2.4 million compared to RM1.3 million previously, indicating higher economic complexity in the approved projects. The MTS index also rose to 44.2%, up from 38.3%, reflecting the creation of higher-quality job opportunities.

The electrical and electronics (E&E) is the major industry underpinning Malaysia’s manufacturing economic growth with approved investments of RM34.3 billion. Malaysia is stepping up efforts to set standards with comprehensive business solutions spanning R&D, manufacturing, supply chain management, logistics, and even global HQ functions.

Despite continued geopolitical uncertainties, Malaysia has managed to position itself appropriately to capture more investments in semiconductors, contributing to a more secure and resilient global semiconductor supply chain. Further impetus for this would be provided by the recently unveiled National Semiconductor Strategy (NSS), which targets to attract at least RM500 billion in investments in the first phase of the plan.

Other key industries contributing to the stellar performance of the manufacturing sector include:

●        Transport Equipment: RM2.2 billion

●        Chemicals and Chemical Products: RM2.1 billion

●        Fabricated Metal Products: RM986.7 million

●        Food Manufacturing: RM692.3 million    

Notable Projects in the Manufacturing Sector:

A notable project contributing to this significant growth is the investment by Infineon Technologies (Kulim) Sdn. Bhd., a global semiconductor leader in power systems and IOT plans to expand with an additional investment of RM30.1 billion (Euro 5 billion) of the original Euro 2 billion investment in its facility in Kulim, Kedah, by building the world’s largest 200-millimetre silicon carbide power fabrication plant.

Other quality projects include:

• Chery Corporate Malaysia Sdn. Bhd.: With an investment worth RM1.4 billion, Chery, a renowned automotive company, aims to boost its production capabilities in Malaysia.
• NovaAir Industrial Gases Sdn. Bhd.: NovaAir specialises in the production of industrial gases. The company is investing RM241.4 million in producing Gaseous Argon, Nitrogen, Oxygen, Helium, High Purity Oxygen, Krypton, Liquid Argon, Liquid Nitrogen, Liquid Oxygen, Neon, and Xenon.
• Industrial Concrete Products Sdn. Bhd. (ICP) : With an additional investment of RM250 million, Industrial Concrete Products Sdn. Bhd. (ICP), a subsidiary of IJM Corporation Berhad, will build its largest manufacturing facility at Bestari Jaya, Selangor. This fully automated smart factory will produce pretensioned spun concrete piles and other precast concrete products, incorporating sustainable practices and significantly reducing labour reliance.

Malaysia’s Services Sector Attracts Modest Investments in Q12024

The services sector recorded RM39.3 billion in investments across 994 projects, set to create 10,988 employment opportunities. Domestic investments (DI) accounted for RM30.6 billion (77.9%), while foreign investments (FI) contributed RM8.7 billion (22.1%).

DI’s robustness was driven by government incentives, a stable economic environment, strategic national initiatives for digital transformation and infrastructure enhancement, and supportive policies for local enterprise development.

The top-performing sub-sectors within the services sector are:

●        Information and Communications: RM17.3 billion

●        Real Estate: RM13.6 billion

●        Global Establishments: RM3.4 billion

●        Financial Services: RM2.3 billion

●        Utilities: RM1.8 billion    

Malaysia’s services sector continues to demonstrate its resilience and attractiveness to investors. The substantial DI underscores the country’s stable economic environment and the Government’s strategic initiatives for digital transformation and infrastructure enhancement.

With particular strength in the information and communications sub-sectors, especially data centres and cloud computing, as well as global establishments, Malaysia is integrating advanced AI technologies to drive sustainable and innovative growth.

Notable Projects in the Services Sector

Notable projects contributing to the sector’s growth include:

• Kedah Cement Sdn. Bhd.: With an investment worth RM120 million, Kedah Cement is integrating sustainable technologies into its operations through an innovative 10MW Waste Heat Recovery System (WHRS) derived from the cement clinkering process. This pioneering system has significantly reduced the company’s carbon footprint and energy consumption.
• Infinity Logistics & Transport Sdn. Bhd.: Infinity Logistics, a leader in integrated logistics services, is investing RM245.5 million to develop a smart warehouse in Malaysia.
• Toyo Tyre Malaysia Sdn. Bhd.: Toyo Tyre, one of the leading tire manufacturers, is investing an additional RM32.8 million to integrate a 16-megawatt peak (MWp) rooftop solar photovoltaic (PV) system into its operations. This expected generation of 16 MWp of clean energy, allows Toyo Tyre to offset 12,195 tonnes of carbon dioxide annually.

• GC Forwarding Service Sdn. Bhd.: GC Forwarding Service, specialising in freight forwarding and logistics solutions, is investing RM19.9 million to establish a new facility in Malaysia. This initiative will enable the company to offer comprehensive services, including freight forwarding, general warehousing, bulk-breaking, and transportation and distribution activities.

Primary Sector Remains Significant

The primary sector secured RM1.4 billion in approved investments across 11 projects, mainly in mining. The approved investments are expected to create 48 new jobs and are dominated by domestic sources with RM1.3 billion (88.7%), while foreign sources contributed RM161.1 million (11.3%).

Attracting Future Investments

Since beginning of the year, MITI and MIDA have executed nine (9) High-Level Overseas Investment Missions to key countries such as Germany, France, Australia, Italy, Singapore and Japan. This is in addition to the numerous official Overseas Working Visits led by the Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim to meet key global business leaders. These proactive efforts have helped Malaysia achieve a significant number of projects and approved investments. These missions are instrumental in exploring economic opportunities, attracting new investments, and fortifying bilateral trade and investment relations with Malaysia.

As of May 31 2024, MIDA is actively pursuing 1,775 proposed projects worth RM68 billion, comprising 1,709 in the services sector (RM44.7 billion) and 66 in manufacturing (RM23.3 billion). While negotiations are ongoing between MIDA and prospect investors for high-potential leads totalling RM60.4 billion.

Effective 1 June 2024, InvestKL has been absorbed under MIDA to streamline functions, reduce investor confusion, and enhance investment facilitation through cumulative expertise. Despite this consolidation, MIDA has guaranteed continued support to new and existing investors procured through InvestKL. Among MIDA’s fresh objectives include elevating Malaysia’s status as a premier global services hub. This rationalisation exercise embodies the MADANI Government’s principles on optimising public resources while also delivering superior services.

Mr. Sikh Shamsul Ibrahim, CEO of MIDA, remarked, “Our stellar Q12024 investment performance is a testament to MITI and MIDA’s tireless dedication to attracting investors and nurturing a fertile ground for growth and innovation. We are steadfast in our mission to propel Malaysia to unprecedented economic heights through strategic partnerships with MITI and other key ministries and agencies. Our vision is to shape Malaysia into a leader in technological prowess, sustainable practices, and a thriving investment landscape. With forward-thinking policies and bold initiatives, Malaysia stands as a premier destination for both global and local investors, driving prosperity for the rakyat, SMEs, and the wider business community. This united effort will steer us towards a future of unparalleled growth and innovation.”

Realised Investments for Manufacturing Sector

Between 2021 and March 2024, the National Committee on Investment has approved 2,638 manufacturing projects. Notably, 77.2% of these projects are already in various stages of implementation, ranging from production to factory construction and machinery installations. While 21.1% are in the planning phase, focusing on initial steps such as site selection and consultations with developers and consultants. A minimal 1.6% remain unimplemented.

The strategic platform of the Invest Malaysia Facilitation Centre (IMFC) at MIDA is instrumental in keeping track and following through approval processes for investment projects by cutting through red tape, while offering indispensable consultation and advisory services. These diligent steps and strategic resource allocation ensure that approved investments transition from paper to reality swiftly. These efforts are pivotal, driving local employment and propelling Malaysia’s industrial and economic landscape to new heights.

Poised for Global Leadership in Key Sectors

Malaysia achieved a high ranking in the UNCTAD Technology and Innovation Report 2023, securing the 7^th position in the industry rank and placing 32^nd among 166 countries in the Frontier Technologies Readiness Index. By combining strategic initiatives, forward-thinking policies, and a commitment to excellence, Malaysia is poised to lead in the global economic landscape.

***THE END***

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.

For media enquiries please contact:

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

Q12024 Approved Investments Increased by  13 Per Cent to RM83.7 Billion, Creating 29,000 New Jobs for Malaysians

Kuala Lumpur, June 13, 2024 – Malaysia’s economic growth hinges significantly on domestic investment. In a collaborative effort, the Malaysian Investment Development Authority (MIDA), together with the Federation of Malaysian Manufacturers (FMM) and its strategic partner, the Malaysian Industrial Development Finance Berhad (MIDF), successfully organised the National Investment Seminar: Re-Energising Domestic Investment at the Mandarin Oriental Hotel, Kuala Lumpur. The seminar served as a transformative platform, particularly empowering SMEs, to glean invaluable insights on facilitation, incentives, and business matching and networking opportunities across the manufacturing and services sectors.

Over 300 participants were present at the event, covering various backgrounds such as captains of industry; business associations/ organisations; senior managements from the manufacturing and services sectors; entrepreneurs; Government-Linked Investment Companies (GLICs); banks; private equity firms; venture capitals; academicians; and government officials.

During a luncheon session, YB Liew Ching Tong, Deputy Minister of Investment, Trade and Industry (MITI), delivered special remarks, engaging with industry leaders to foster collaboration and drive initiatives forward. Notable attendees included Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA; Mr. Jacob Lee, Vice President of Federation of Malaysian Manufacturers (FMM); Mr. Fadzlan Abu Bakar, Head of Marketing, Grant and Factoring Management Department, MIDF and Dr. Anthony Dass, Executive Director of the Malaysian Institute of Economic Research (MIER).

In his remarks, Deputy Minister of MITI, YB Liew Chin Tong, underscored the critical need for resilient and robust supply chains, which is the most important concern of firms post-Covid-19 and in the current challenging geopolitical environment. “The MADANI Government led by the Prime Minister YAB Dato’ Seri Anwar Ibrahim has a very ambitious agenda for industries: to grow exponentially, to tech-up, to green up and to share the fruits of growth better. We need to do more to break down the walls between MNCs and domestic firms through win-win localisation programmes to create and enlarge markets for Malaysian firms. We will also need to link the capital market, especially GLICs and GLCs, to invest in high-end manufacturing and R&D. The Government is committed to strengthening supply chain resilience and bring the technology levels of Malaysian firms closer to that of in South Korea, Taiwan, and Shenzhen.”

Chairman of MIDA, Tan Sri Dato’ Seri Dr. Sulaiman Mahbob in his keynote address emphasised, “Recognising the vital role of SMEs in Malaysia’s economy, MITI and MIDA are committed to empowering these businesses. We aim to boost productivity, encourage technology adoption, and enhance competitiveness in local and international markets. We remain steadfast in supporting SMEs on their growth journey.”

“Building on our current momentum and facing the challenges ahead, MITI and MIDA are poised to take on a more dynamic and engaging role in 2024. Our primary focus will be on the comprehensive implementation of all government initiatives and mandates to achieve the desired outcomes aligned with the national agendas. These include the Twelfth Malaysia Plan (12MP), the MADANI Economy Framework, the New Industrial Master Plan (NIMP) 2030, and the National Energy Transition Roadmap (NETR).” he added.  

Mr. Jacob Lee, Vice President of FMM, highlighted “the impressive turnout today speaks volumes. It signifies our collective commitment and enthusiasm to “re-energise domestic investment” and at the same time, to help propel our SMEs into the global supply chain; towards the common aim of advancing the Malaysian manufacturing industry. More importantly, today’s event, the first joint investment seminar by MIDA and FMM,  demonstrates both the industry and the Government’s joint effort and strong resolve to attract and re-energise domestic investment in priority sectors such as electrical and electronics; food and beverage; and pharmaceutical and medical device sectors”.

Dr. Anthony Dass, Executive Director of Malaysian Institue of Economic Research (MIER), presented insights on the World Economy: Challenges and Opportunities, providing valuable economic forecasts and analysis for policymakers and the private sector. Three breakout sessions covered crucial topics including The Industrial Linkage Programme (ILP), ECRL – Impacts on Regional Development and Economic Integration, and Funding and Financing Opportunities.

MIDA’s strategic collaborations with key partners such as FMM forge a strong backbone for local enterprises, fueling domestic investment and elevating Malaysia’s appeal to 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 channel.

About Federation of Malaysian Manufacturers (FMM)
The Federation of Malaysian Manufacturers (FMM) has been the voice of the Malaysian manufacturing sector since 1968. Representing over 12,300 member companies (3,900 direct and 8,400 indirect) from the manufacturing supply chain, FMM is actively engaged with government and its key agencies at Federal, State and local levels. FMM is also well-linked with international organisations, Malaysian businesses and civil society. Apart from benefitting from FMM’s advocacy, FMM members enjoy value-add services, including training, business networking and trade opportunities as well as regular information updates.

For more information, please contact:

MIDA
Mr. Sukri Abu Bakar
Director, Domestic Investment Division
T: +603-2267 3685| E: [email protected]

FMM
Han Mong Ying
Senior Manager, Corporate Affairs
Tel: 03-6286 7200 Email: [email protected]

MIDA-FMM National Investment Seminar Aims to Boost Domestic Investment, Supply Chain Resilience and Foster Innovation

ANDOVER, Massachusetts, United States, KUALA LUMPUR, Malaysia [June 10, 2024] –– MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that transform our world, today announced that it is set to build a Super Center factory in Penang, Malaysia to support wafer fabrication equipment production in the region and globally. The development plan is to construct the new facility in three phases, with groundbreaking expected to commence in early 2025.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, stated, “Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players in next-generation technologies and growth strategies. Aligning with Penang’s ambition to move up the global semiconductor value chain, MKS Instruments unlocks opportunities in semiconductor manufacturing, which creates more high-value job opportunities for the local workforce. I am delighted that MKS Instruments chose to locate its new facility here and I hope the company will be able to reap many benefits from its operation in Penang, the Silicon Valley of the East.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) shared his excitement about the company’s expansion into Malaysia, stating, “MKS Instruments’ decision to build a new facility in Malaysia underscores our nation’s growing reputation as a premier destination for advanced technology investments. This new facility highlights Malaysia’s attractiveness as a strategic hub for innovation and manufacturing, reflecting the company’s confidence in our highly skilled workforce and favourable business environment.”

He added, “Malaysia is blessed with a rich stream of talent and resources, making it an ideal location for high-tech companies like MKS Instruments to expand their operations. MIDA believes the company’s activities in the semiconductor market will significantly enhance the capability of manufacturing processes in Malaysia, aligning with the New Industrial Master Plan (NIMP) 2030.  MIDA is thrilled to welcome the company’s investment, marking a pivotal step in our work to build a stronger future for Malaysia’s advanced manufacturing sector. We look forward to a successful collaboration and invite other industry leaders to choose Malaysia as their preferred investment destination. Together, we will drive mutual growth and further enhance Malaysia’s rapidly expanding high-tech ecosystem.”

“MKS has a proud history of innovations and inventions that have shaped the evolution of the key industries we serve,” said Dr. John T.C. Lee, President and Chief Executive Officer of MKS. “With close proximity to our customers and suppliers and robust technology infrastructure, Penang is home to a strong semiconductor ecosystem. Expanding our business in Malaysia is an important milestone for our company as we seek to continue to enhance our capabilities as a leader across a broad array of semiconductor manufacturing applications.” 

*****

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 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 realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About MKS Instruments

MKS Instruments enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at https://www.mks.com.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding MKS’ construction of a factory in Malaysia. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein, including as a result of the factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2023 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

Media Contacts:

MIDA

Ms. Zakiah Sajidan
Director, Machinery and Metal Technology Division
Email: [email protected]
Tel.: +603 22676769

Invest Penang

Ms. Elaine Cheah
Communications & Business Intelligence
Email: [email protected]
Tel.: +604 6468833

MKS Instruments

Mr. Bill Casey
Senior Director, Marketing Communications 
Email: [email protected]
Tel.: +1 630 995 6384 

Ms. Kerry Kelly
Partner, Kekst CNC
Email: [email protected]

MKS Instruments Set To Build A Super Center Factory In Malaysia

Informa Markets unites the leading BESS companies to accelerate the ASEAN region’s energy transition.

Key Highlights of ENERtec Asia 2024:

• 300+ Exhibitors showcasing the latest in energy technology.
• 5 International Pavilions featuring global innovations.
• 10,000+ Visitors from around the world.
• 50+ Professional speakers delivering insightful presentations.

KUALA LUMPUR, 6 JUNE 2024 – ENERtec Asia 2024 is set to transform Southeast Asia’s energy landscape. Organised by Informa Markets, this premier event will enhance its focus on Battery Energy Storage Systems (BESS) with the introduction of a new segment – BATTERY & EV Tech (Energy Storage & EV Technology and Solutions).

Scheduled from 26 to 28 June 2024 at the Kuala Lumpur Convention Centre (KLCC), ENERtec Asia will be a one-stop hub for exploring the transformative power of battery technology. This event offers a unique opportunity to witness the future of energy and leverage the possibilities presented by BESS. Supported by The Battery Show and Electric & Hybrid Vehicle Technology Expo, this strategic addition underscores ENERtec Asia’s commitment to fostering innovation in the energy transition market and paving the way for a cleaner, greener future powered by renewable energy.

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, remarked, “The transformative power of BESS in Malaysia extends far beyond environmental benefits. It serves as a catalyst for cutting-edge advancements in smart grid technology and energy management systems, driving efficient energy use and substantial emission reductions. With incentives like the Green Investment Tax Allowance (GITA), we’re creating an enticing platform for both local and international renewable energy investors. The integration of BESS is a monumental leap forward for Malaysia, propelling us toward a future powered by green energy. We anticipate significant reductions in emissions, enhanced grid reliability, and a surge in green investments. Malaysia is on track to become a global hub of sustainable development and environmental stewardship.”

Aligned with Malaysia’s ambitious goal of becoming a net-zero emission nation by 2050, the Malaysian Investment Development Authority (MIDA) has formed a strategic collaboration with Informa Markets to drive innovation, attract investment, and position Malaysia as a leader in the region’s energy transformation.

“The inclusion of BATTERY & EV Tech marks a turning point for Southeast Asia’s BESS industry. This positions Malaysia as a leader in the region’s energy transformation by accelerating innovation and attracting investment in BESS solutions.” said Gerard Leeuwenburgh, Country General Manager of Informa Markets.

As the world transitions to sustainable energy, BESS is becoming essential across various industries. They provide grid stability, facilitate renewable integration, and enhance energy access and security. These advancements reduce greenhouse gas emissions, improve grid performance, and increase regional energy independence.

Chan Jian Wen, Country Manager of Eaton Malaysia, commented, “At Eaton, we recognise the immense potential of Battery Energy Storage Systems (BESS) to revolutionise Southeast Asia’s energy landscape. Our innovative solution – EnergyAware – has helped numerous critical operation facilities optimise energy consumption and avoid power interruption. We’re excited to meet organisations at ENERtec Asia 2024 to bring together insights and industry-leading technology.”

John Lewinski, Vice President of The Battery Show, emphasised, “We are thrilled to support ENERtec Asia 2024, reflecting our shared commitment to advancing the battery industry and fostering innovation in the Energy Transition market.”

Malaysia is strategically positioned to leverage BESS to achieve its 2050 target of 70% renewable energy. The country’s proactive approach aligns with BESS development, highlighting its commitment to green energy. The Malaysia Renewable Energy Roadmap (MyRER) outlines targets and investments for BESS projects as part of its energy transition plan.

Southeast Asia, particularly Malaysia, is experiencing a surge in demand for Renewable Energy (RE), Energy Efficiency (EE), and Electric Vehicles (EVs). Battery Energy Storage Systems (BESS) are crucial for ensuring a stable and uninterrupted electricity supply to meet this growing demand. By enabling the ability to store excess clean energy and releasing it when needed, BESS supports a more sustainable and secure energy future for the region.

ENERtec 2024 will unite the industry’s brightest minds, global solution providers, and innovators to showcase latest advancements in mechanical, electrical, energy technology, and battery solutions. The electrifying conferences is also co-organised with The Electrical & Electronics Association of Malaysia (TEEAM), the Energy Industries Council (EIC), and the ASHRAE Malaysia Chapter. For more information, please visit www.enertecasia.com.

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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 Informa Markets

Informa Markets (www.informamarkets.com) creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience, and do business through face-to-face exhibitions, specialist digital content, and actionable data solutions. As the world’s leading exhibition organiser, we bring adiverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year.

For more information, please contact:

MIDA
Mr. Nelson Samuel
Director, Green Technology Division, MIDA
Email: [email protected]
Tel: +603-2267 3635

Informa Markets
Ms. Angel Wong
Marketing Manager
Email: [email protected]
Tel: +60 16-217 7488

ENERtec Asia 2024 Ignites Southeast Asia’s Battery and EV Tech Revolution

Seberang Jaya, Penang, June 21, 2023 – The Malaysian Investment Development Authority (MIDA) and the Federation of Malaysian Manufacturers (FMM) has successfully organised the MIDA-FMM Industrial Linkage Day (Penang) at The Light Hotel, Penang today. The event brought together 11 anchors (multi-national companies (MNCs)) and more than 50 local small and medium enterprises (SMEs) under the theme “Accelerating Localisation, Stimulating Economic Growth, Augmenting Sustainability”. The strong turnout of over 200 participants indicated a high level of interest from MNCs operating in Malaysia to source products from local SMEs. Similarly, many SMEs expressed their readiness, to supply to MNCs and eager to be part of the global supply chain. 

The FMM Industrial Linkage Programme (ILP), one of FMM’s flagship programmes, supports SMEs in exploring business opportunities within the global supply chain. It aims to help SMEs overcome high-entry barriers and contribute value to the economy by connecting them with MNCs and large local companies (LLCs) that have the potential to become competitive manufacturers and suppliers.

FMM and MIDA have closely collaborated to promote the ILP as a practical move to assist SMEs in strengthening their business recovery post-COVID-19 and offers benefits to MNCs through cost savings and improved supply chain security.

The event was jointly inaugurated by YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA, and YBhg. Tan Sri Dato’ Soh Thian Lai, President of FMM. The programme kickstarted with a presentation by Mr. Kenny Tan, FMM ILP National Task Force Chairman, who presented an overview of the ILP and FMM’s vision for the programme during the launch. While Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation of MIDA, presented on driving domestic direct investment through partnerships and capability transformation.

The forum on “Criteria for the Successful Localisation”, featured representatives from anchor companies (MNCs) in the electrical and electronics, machining technology and medical device sectors. These companies including   Micron Memory Malaysia Sdn. Bhd., Plexus Manufacturing Sdn. Bhd., VAT Manufacturing Malaysian Sdn. Bhd., Ultra Clean Technology (Malaysia) Sdn. Bhd., Dexcom (M) Sdn. Bhd. and Boston Scientific Medical Device (Malaysia) Sdn. Bhd., shared practical tips on how SMEs can effectively penetrate the global supply chain.  A series of business matching meetings involving 11 MNCs and 50 SMEs also took place during the latter part of the MIDA-FMM ILP Day (Penang).

YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA, in his keynote address, highlighted, “In such a dynamic business environment, MNCs, LLCs and SMEs have much to gain by joining hands in partnership. Each entity brings unique strengths and advantages to the table. MNCs and LLCs by virtue of their size, are able to provide a depth of expertise, economies of scale, and access to the latest technologies. Over the years, we have attracted many best-in-class firms to anchor their operations in Malaysia. By leveraging the expertise and resources of these MNCs, local businesses can reap the benefits of knowledge transfer, technology adoption, and improved market access opportunities. On the other hand, agile SMEs make quick decisions, operate nimbly, and drive innovation. It is through these partnerships that we create an unstoppable force, ensuring the robust growth of our nation’s economy.”

According to YBhg. Tan Sri Dato’ Soh Thian Lai, President of FMM, “collaboration with MNCs is a crucial factor in enabling the internationalisation efforts of SMEs, empowering them to expand their presence and play a significant role in the global market. Through the Industrial Linkage Programme (ILP), FMM acts as an intermediary and matchmaker and provide a platform to link and connect local SMEs and LLCs with MNCs.  Since the launch of ILP in 2021, we have successfully onboarded 22 anchor companies and 196 supplier companies”.  

“Moving forward, through the ILP programme, we hope to have many spin-off effects and value creation where we can create a pool of world-class local vendors/ suppliers who can add value to the economy” added YBhg. Dato’ Lee Tiong Li, Chairman of FMM Penang Branch.

Ms. Heng Charng Yee, Chief Executive Officer of Globetronics Technology Berhad said “Globetronics began life with a multinational as its first customer and this has enabled the Malaysian-based and owned company to begin operations from a world class quality baseline. This cornerstone fuelled the expansion of the company to what it is today and helped us establish the comprehensive supply chain that we have now in Malaysia”.

Mr. Sayron Ruiz, Engineering Director of Boston Scientific Medical Device (Malaysia) Sdn. Bhd., who was one of the panelists at this event, shared, “This collaborative effort between MIDA and FMM, aimed at bridging MNCs with local SMEs to enhance the supply chain ecosystem and improve the capabilities of local companies, is instrumental in bringing together industry stakeholders and fostering a conducive business environment for growth and innovation. Through the Industrial Linkage Programme (ILP), we have the opportunity to create a pool of world-class local vendors/suppliers who can add significant value to the Malaysian economy. By leveraging the expertise and resources of multinational companies, such as Boston Scientific, we can fuel the expansion and development of local businesses, ultimately establishing a comprehensive and robust supply chain ecosystem in Malaysia.”

*** END ***

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 Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

ABOUT FMM

The Federation of Malaysian Manufacturers (FMM) has been the voice of the Malaysian manufacturing sector since 1968. Representing over 12,100-member companies (3,700 direct and 8,400 indirect) from the manufacturing supply chain, FMM is actively engaged with government and its key agencies at Federal, State and local levels. FMM is also well-linked with international organisations, Malaysian businesses and civil society. Apart from benefitting from FMM’s advocacy, FMM members enjoy value-add services, including training, business networking and trade opportunities as well as regular information updates.

Media Enquiries

MIDA
En. Sukri Abu Bakar
Director, Domestic Investment Division
Tel: +603- 2267 3685 | Email: [email protected]

FMM    
Ms. Han Mong Ying
Senior Manager, Corporate Affairs
Tel: +603-6286 7200 |Email: [email protected]

MIDA – FMM Industrial Linkage Day Offers Global Supply Chain Business Opportunities to Malaysian SMEs

Kuala Lumpur, 20th June 2023 –  Ovotherm, the world’s leading  supplier of  egg industry products, has inaugurated its first manufacturing site in the APAC region in Klang, Malaysia. This milestone marks a significant achievement for Ovotherm Asia Pacific Sdn. Bhd. as they are committed to meeting the increasing demand for their products in the region while upholding the highest standards of production. The expansion signifies a significant step forward in the advancement of sustainable packaging, highlighting the company’s dedication to addressing the growing demand for reusable egg packaging solutions in the APAC region.

With a global presence, Ovotherm caters to the egg industry’s requirements, prioritising sustainability throughout the supply chain. The company achieves this by utilising 100% recycled materials, such as PET flakes, to manufacture high-quality and eco-friendly egg packaging. An in-depth, peer-reviewed Life Cycle Assessment (LCA) investigation affirms that egg packs made entirely from recycled PET (rPET) demonstrate the most favourable carbon footprint and resource efficiency among all comparable options available in the market. This achievement is made possible by the combination of two crucial factors in rPET egg packs: the utilisation of 100% recycled materials and a minimal energy requirement during processing (eliminating the need for water evaporation, as seen in pulp egg packs).

Expanding in Klang (Greater Kuala Lumpur, Malaysia)

The newly established factory in Klang spans approximately 106,000 square feet and houses advanced machinery for producing high-quality egg packaging from recycled PET flakes. With an investment of approximately MYR38 million, Ovotherm’s commitment to sustainability is further reinforced in the Klang factory through the use of 100% recycled materials during the manufacturing process. The factory is expected to create  employment opportunities for more than two dozen Malaysian employees, who will contribute to the company’s operations.

Datuk Wira Arham Abdul Rahman, CEO of MIDA expressed his support and excitement, saying “I am glad that hear that Ovotherm will be integrating sustainable practices into their business model. Their commitment to environmental responsibility and the circular economy is commendable. This initiative sets a positive example for the industry, and I hope it inspires other businesses to follow suit in adopting sustainable practices.”

MIDA works closely with industry stakeholders to foster a shift in perspectives, creating opportunities which paves the way for Malaysia’s transition to a circular economy while supporting ethical businesses and their efforts to drive Malaysia’s sustainable growth.

Adding to his statement, Datuk Wira Arham stated, “I firmly believe that the Ovotherm initiative will not only contribute to the development of Malaysia’s circular economy industry but also strengthen the resilience of our supply chains and landscape.”

Mr. Franz Hofer, CEO of Ovotherm, highlights Malaysia’s strategic potential as one of the main reasons for the opening of the manufacturing site in Klang, saying, “Choosing Malaysia as our new production location was a strategic move, driven by its unique location at the heart of Southeast Asia, unwavering stability, and a hardworking, motivated workforce.”

With a strong focus on environmental responsibility, Ovotherm’s egg packaging solutions provide an eco-friendly alternative traditional packaging material. By utilising rPET flakes, the company significantly reduces waste and promotes the circular economy. The establishment of the Klang factory, strengthens the company’s presence in the Malaysian market enabling more efficient and timely delivery of its products to customers in the region.

For more information about Ovotherm and its sustainable egg packaging solutions, please visit [https://www.ovotherm.com/ & https://www.earthfriendlypackaging.net/]

END

About MIDA

MIDA is the government’s principal promotion 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 Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Ovotherm

Ovotherm is a leading provider of sustainable egg packaging solutions, with a strong focus on environmental responsibility. The company utilizes 100% recycled material, such as PET flakes, to produce high-quality and eco-friendly egg packaging. With a global presence, Ovotherm serves the needs of the egg industry and promotes sustainability throughout the supply chain.

Since 1st January 2023, Ovotherm has recycled an impressive number of approximately 453 billion soft drink bottles into environmentally friendly egg packs, showcasing its commitment to sustainability and resource conservation.

For more information about Ovotherm and its sustainable egg packaging solutions, please visit [https://www.ovotherm.com/ & https://www.earthfriendlypackaging.net/]

For more information, please contact:

MIDA
Ms. Siti Halimaton binti Mohd Rejab
Director of Chemical Division and Advance Materials
Email: [email protected] | DL: +603 2267 6701

Ovotherm Asia Pacific
Ms. Miriam Shastri, Director
Email: [email protected] | DL: 603- 2732 6085

Ovotherm Asia Pacific Sdn. Bhd. Opens its First Manufacturing Site in Malaysia

Kuala Lumpur, 15 June 2023 – Fraser & Neave Holdings Bhd (“F&NHB” or “the Group”) launches its foray into the upstream fresh milk business with a groundbreaking ceremony of the Group’s integrated dairy farm in Gemas, Negeri Sembilan. This momentous milestone puts the Group on track to become one of the largest milk producers in Malaysia when its integrated farm reaches its Phase 1 full production at 100 million litres of fresh milk.

Spread over 2,726 hectares, the farm will eventually house 20,000 milking cows, producing 200 million litres of fresh milk yearly for the local and international markets. The processing and packaging line will be sited right next to the milking parlour, offering Malaysian consumers quality fresh milk at an affordable price. This will also help promote the growth of the local agricultural industry by fostering a skilled workforce and generating job opportunities in the dairy and agriculture industries.

The groundbreaking ceremony was officiated by the Menteri Besar of Negeri Sembilan, Y.A.B. Dato’ Seri Haji Aminuddin bin Harun. Also present to witness the launch were Negeri Sembilan State Secretary, Y.B. Dato’ Mohd Zafir bin Ibrahim, Deputy Chief Executive Officer (DCEO), Investment Promotion and Facilitation of Malaysian Investment Development Authority (MIDA), Sivasuriyamoorthy Sundara Raja, the Chairman of F&NHB, Y.A.M. Tengku Syed Badarudin Jamalullail, and F&NHB Chief Executive Officer (CEO), Lim Yew Hoe.

Menteri Besar Negeri Sembilan, Y.A.B. Dato’ Seri Haji Aminuddin bin Harun expressed enthusiasm for the development of F&NHB’s dairy farm in Gemas, emphasising its potential to contribute to the local economy, the Malaysian dairy industry, and the creation of a skilled workforce.

“Projects such as this will not only create new job opportunities and agrobusiness prospects for local communities but also empower them with new technologies in dairy farming. Furthermore, F&NHB’s establishment of a Research & Development (R&D) Centre or Centre of Excellence (COE) for Dairy and Agriculture will contribute to the development of skilled professionals in fields such as veterinarians, animal nutritionists, agronomists, food technologists, and food R&D. These initiatives will undoubtedly enhance job opportunities for skilled workforces, driving growth in the dairy and agriculture sectors,” Dato’ Seri Haji Aminuddin bin Harun stated in his opening address.

F&NHB’s Chief Executive Officer, Lim Yew Hoe, expressed satisfaction with the progress towards realising their ambitions in putting fresh milk into every home in Malaysia.

“Operationalising the integrated dairy farm will result in a vertical integration of F&NHB’s business and operations, reducing our reliance on imported milk for downstream production and distribution. This integration will also help lower the cost per litre of fresh milk, benefitting Malaysian consumers. We also aim to export the fresh milk, potentially making Malaysia a net exporter of fresh milk in the future.”

He further added that in addition to the dairy farm, F&NHB’s plans for feed crop farming within the facility align with the government’s goal of increasing feed crop production to reduce the nation’s dependence on imported feed. Malaysia currently imports nearly 100% of its animal feed from Brazil and Argentina.

Environmental, Social and Governance (ESG) responsibility is a key factor for the farm. Lim said that by reducing the need to import milk, the Group will also be able to reduce its overall carbon footprint due to the reduced need for transporting materials from overseas. The farm will also be designed around sustainable farming and circular economy practices, employing green technology throughout the farm’s processes. The Group is looking to invest at least RM1 billion into developing Phase 1 of the farm.

Mr. Sivasuriyamoorthy Sundara Raja, DCEO of MIDA expressed, ” F&NHB’s development of the integrated dairy farm represents a significant milestone for Malaysia’s self-sufficiency of fresh milk and dairy-based food supply. Apart from economic benefits, the comprehensive agri-food project aids Malaysia’s quest towards sustainable food supply and animal feed supply. The vast prospects of smart farming in dairy production, using technologies for best possible results in cattle care, feed mixing, circular management and diversified dairy products will certainly revolutionise the agribusiness segment in Malaysia.”

“In addition, Malaysia is the location for enterprises wishing to create a presence in the booming global halal market due to the country’s well-established food production ecosystem, skilled manpower and globally accepted halal certification system. Global players are welcome to diversify into innovative processes and advanced technology in the agriculture and food processing industries. By leveraging Malaysia’s business ecosystem and our established local supply chain, it serves as an ideal destination for companies to establish regional production hubs, while enabling the country to fortify its food production” he added.

“We want to express our appreciation and gratitude to the MIDA, Departments and Agencies under Negeri Sembilan State Government such as INVEST Negeri Sembilan (INVEST NS), the Department of Veterinary Services Malaysia, and all other state and federal government agencies who have been a great support in enabling the launch of F&NHB’s venture,” added Lim.

END

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 Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

ABOUT INVEST NEGERI SEMBILAN
INVEST Negeri Sembilan is the main investment arm of the state and was established with the primary goal to ensure a safe and secure passage for every investment in Negeri Sembilan. It is our privilege to assist every investor and business to give our best support to ensure the success of the investment and the business through expert advice and consultation on matters such as site selection, land matters, general policies and procedures, and other matters related to the investing and business.

ABOUT FRASER & NEAVE HOLDINGS BHD
Fraser & Neave Holdings Bhd (F&NHB) is a Malaysian-incorporated and Shariah compliant company listed on Bursa Malaysia’s Main Board. The Group has an annual turnover of RM4 billion from its core businesses in the manufacture, sales and marketing of beverage, dairy and food products. With a rich heritage spanning 140 years, F&NHB is today synonymous with quality and halal products that are trusted by generations. F&NHB is a constituent of FTSE4Good Bursa Malaysia (F4GBM) and F4GBM Shariah Index. The Group employs about 4,000 people across its operations in Malaysia, Brunei, Thailand and Indochina.
For more information, please visit www.fn.com.my.

For more information, please contact:

MIDA
Ms. Manjit Kaur Balkar Singh
Director, Food Technology and Resource Based Industries Division, MIDA
Email: [email protected] | DL: + 603- 2267 3509

INVEST Negeri Sembilan
Dato’ Najmuddin Sharif bin Sarimon Chief Executive Officer, INVEST NS
Email: [email protected] | DL: +606-765-9570

Fraser & Neave Holdings Bhd
Karen Tan / Jojo Ngo
Email: [email protected] / [email protected]
James Lim
Email: [email protected] | Mobile: +6012-345 1871

F&N Breaks Ground on New Integrated Dairy Farm in Gemas, Negeri Sembilan

Investments in assembly and test operations further extend the company’s cost advantage and provide greater control of supply chain

Melaka, Kuala Lumpur, 13th June 2023 – Texas Instruments Incorporated (TI) (Nasdaq: TXN), today announced plans to expand its internal manufacturing footprint in Malaysia with two new assembly and test factories in Kuala Lumpur and Melaka. Together, these new investments will support TI’s plan to bring 90% of its assembly and test operations internal by 2030 to have greater control of supply.

YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) said, “We are encouraged by Texas Instruments’ continued confidence in the Malaysian investment ecosystem. TI’s plans to expand its assembly and test operations reflect Malaysia’s clear positioning in the global semiconductor supply chain, while complementing our New Investment Policy and New Industrial Master Plan’s focus on attracting hi-tech, high value investments to support our increasingly digitized global and domestic economies. Further, TI’s expanded investment footprint in our country will not only bolster domestic value chains, but also create knowledge-based, high-income employment opportunities for Malaysians.”

The timing of the expansion also aligns with Malaysia’s broader strategy of strengthening the semiconductor industry ecosystem and driving economic growth.

Datuk Wira Arham, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), reaffirmed MIDA’s commitment to facilitating TI’s expansion and fostering a collaborative ecosystem. He emphasized, “MIDA is fully dedicated to supporting TI’s expansion plans, which will not only bring significant investments but also enhanced analog and embedded processing manufacturing capabilities to the country. This partnership further solidifies Malaysia’s position as a leading hub in the region for semiconductor innovation.”

The announced expansion reflects the joint efforts of TI, the Malaysian government, especially MITI and MIDA to reinforce Malaysia’s standing in the semiconductor industry. These initiatives aim to drive economic growth, attract investments, and foster knowledge exchange, contributing to the country’s overall development.

Yogannaidu Sivanchalam, Vice President, Assembly and Test Manufacturing Operations at TI said, “These investments are part of TI’s long-term strategy to expand our internal manufacturing capacity to support the increasing need for semiconductors and provide greater assurance of supply. TI is proud to have been operating in Malaysia for more than 50 years, and our decision to expand our back-end manufacturing is a reflection of the talented and growing team in Malaysia that will be critical to TI’s future.”

Expanding in Kuala Lumpur

TI recently purchased the building next to its existing assembly and test factory in Kuala Lumpur that sits on 18 acres of land. With a potential investment of up to MYR 9.6 billion, the company plans to convert the building into an assembly and test factory with more than 1 million square feet of cleanroom space. Construction is expected to start later this year, with production to begin as early as 2025. The new factory will connect to the company’s existing factory and create nearly 1,300 additional local jobs at full build.

Construction underway in Melaka

TI is also constructing a new, six-level assembly and test factory next to its existing Melaka assembly and test factory. The new factory will include more than 400,000 square feet of cleanroom space and will connect to TI’s existing factory. With a potential investment of up to MYR 5 billion, this new factory will support up to 500 local jobs at full build and is also expected to begin production as early as 2025.

Building the next era of assembly and test in Malaysia

At full production, TI’s new, state-of-the-art factories in Malaysia will feature advanced factory automation to assemble and test hundreds of millions of analog and embedded processing chips daily that will go into electronics everywhere – from renewable energy sources to electric vehicles.

At both factories, environmentally responsible construction methods that emphasize an energy-efficient design will be used to meet one of the Leadership in Energy and Environmental Design (LEED) building rating system’s highest levels of structural efficiency and sustainability: LEED Gold. Advanced equipment in the factories will reduce waste, water and energy consumption per chip, further demonstrating TI’s commitment to responsible, sustainable manufacturing.

Investing in internal manufacturing

TI has a long history of globally owned, regionally diverse internal manufacturing operations. The company has 15 manufacturing sites worldwide, including wafer fabs, assembly and test factories, and bump and probe facilities.

With plans to manufacture more than 90% of its products internally by 2030, TI has the ability to provide customers with geopolitically dependable capacity for decades to come.

Learn more about TI’s growing footprint in Malaysia:

• For images and b-roll video, visit the TI media gallery
• To learn more about TI’s exciting manufacturing roadmap, visit TI.com/manufacturing

-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 Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures, tests and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. Our passion to create a better world by making electronics more affordable through semiconductors is alive today, as each generation of innovation builds upon the last to make our technology smaller, more efficient, more reliable and more affordable – making it possible for semiconductors to go into electronics everywhere. We think of this as Engineering Progress. It’s what we do and have been doing for decades. Learn more at TI.com.
TXN-G

Media Contacts

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

Texas Instruments
Ellen Fishpaw
Director, Media Relations
Email: [email protected]

Texas Instruments to Expand Manufacturing Operations in Malaysia

Kuala Lumpur, 2 June 2023 – Malaysia has emerged as a prime destination for Japanese investments from the recently concluded Trade and Investment Mission (TIM) to Japan held from 29 May 2023 to 2 June 2023. The TIM focused on meeting with companies from various sectors including Electrical Vehicle (EV) related components, Electrical and Electronics (E&E), Machinery Parts & Components, Environmental, Social & Governance (ESG), Metal, and Chemical & Chemical Products.

NHK Spring, a key player in integrated metal substrates, will expand production in Negeri Sembilan to meet the soaring demand for these substrates, which are essential for the electrification of automobiles. With the electric vehicle (EV) industry projected to grow significantly, NHK Spring’s expansion plans align with Malaysia’s efforts to foster a robust ecosystem for EV development. The construction of a new plant and facilities is set to be completed by December 2023, reaffirming the company’s commitment to Malaysia since its establishment in Senawang, Negeri Sembilan in 1994. This expansion further solidifies NHK Spring’s role in Metal Based Printed Wiring Boards (PWB) manufacturing and enhances Malaysia’s position in the global supply chain.

OMRON has outlined its future business investment plan, focusing on manufacturing products using renewable energy to contribute to a carbon-neutral society in Malaysia. OMRON’s commitment to sustainability aligns with Malaysia’s efforts to promote environmental-friendly practices and green technology. By investing in renewable energy solutions, OMRON aims to support the country’s transition towards a low-carbon economy, foster technological advancements, and create new opportunities for Malaysia.

JAPEX is collaborating with PETRONAS on carbon capture and storage (CCS) opportunities, including the exploration of suitable carbon dioxide (CO2) storage solutions in Malaysia. As a hydrocarbon exploration, production, and transportation company, JAPEX aims to unlock potential CCS solutions through technical maturation activities, evaluating optimal capture, storage, and transportation methods. The collaboration, announced on January 28, 2022, also entails estimating emissions, capture volumes, and monitoring methods of CO2 stored underground.

“We are delighted by the investment plans by Japanese companies including NHK Spring, CKD Corporation, Denso Corporation and OMRON in Malaysia,” said Datuk Wira Arham Abdul Rahman, CEO of MIDA. “These initiatives align with our national objectives and reflect the confidence global companies have in Malaysia’s business ecosystem. MIDA will continue to actively promote investment opportunities and provide comprehensive support. As we focus on high technology, innovation, and sustainable industries, including the electric vehicle ecosystem, we aim to create vast opportunities for growth. We are committed to fostering strong partnerships and driving sustainable growth, propelling Malaysia’s position as a preferred investment destination.”

Led by Minister of Investment, Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, the TIM brought together high-level officials from MITI, the Malaysian Investment Development Authority (MIDA), and Malaysia External Trade Development Corporation (MATRADE) to foster strong bilateral relations and attract significant investments. The TIM, covering Tokyo and Osaka, played a pivotal role in securing these momentous investment opportunities.

In Q1 2023, MIDA announced approved investments in various economic sectors totaling RM71.4 billion (USD16.2 billion). Out of this, a total of 14 manufacturing and services projects with Japanese participation were approved under MIDA’s purview, with a total investment worth USD47.0 million. These projects are expected to generate potential employment for 653 people, positioning Japan as the 7th largest foreign investor in this segment for approved investments in Q1 2023.

***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 Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA

Mr. Faizal Jalaludin
Director, Foreign Investment Division
E: [email protected] | T: +60322676650

Malaysia Secures RM23.07 Billion of Potential Japanese Investments

• Re-imagined office re-designs work experiences and future ways of working suited to today’s post Covid-19 world.
• Award winning intuitive office that adapts to differing work modes, moods and needs of associate.
• Hosted special showcase for key stakeholders in government and business associations.

Petaling Jaya, June 14, 2022 – Novartis Malaysia, a leading medicines company continues to solidify it’s presence in market with the reveal of a new state-of-the-art office in Plaza Imazium, Damansara Uptown. More than just a change of address, the new office is part of the company’s strategic growth plan and commitment to future-proofing its business to better serve customers.

Spread over two floors, the office completely redesigns today’s work experience for its associates by placing flexibility at the core and prioritizing human connections and collaborations.

Established in 1972, Novartis Malaysia has evolved tremendously from a small office to a leading player in the healthcare industry hosting three key divisions comprising Innovative Medicines (Pharma and Oncology), Sandoz (Biosimiliars) and the Novartis Global Service Centre Kuala Lumpur (NGSC KL) – one of only five global shared centres in the world. NGSC KL which launched in 2016 has grown in a short span of six yeas from servicing five countries to 25 markets, including Novartis’s own headquarters in Basel, Switzerland with high end, data and digital enabled working solutions.

Mr. Patrik Grande, Country President Novartis Malaysia said:

“For Novartis to achieve its goal and its vision of reimagining medicine, it is critical for future-forward work environments to go hand-in-hand with equally agile business environments. Malaysia’s conducive and adaptive business-friendly support and infrastructure have a key component to our current footprint that has expanded to more than 800 associates in Malaysia, serving 32 million customers across the country.”

“Over the five decades that Novartis has been in Malaysia, Kuala Lumpur’s attractiveness as a regional and global hub has continued to improve, with attractive government incentives, a strong pipeline of key talents, robust infrastructure and ever expanding healthcare market.”

In 2021, Novartis Malaysia contributed over RM1billion to Malaysia’s gross domestic product (GDP), with nearly a quarter coming from its business activities; employed over 80% of Malaysians in high-value jobs; invested over RM4 million in research and development, including 38 clinical trials and real-world evidence generation programmes for several key therapeutic areas; supported local businesses as well as contributed over RM3 million to help protect frontliners and high-risk communities against Covid-19.

According to Grande, Novartis Malaysia intends to continuously grow its engagement with the government and support in strengthening the healthcare system in Malaysia through the smart use of digital and technological innovations that applies Real World Evidence (RWE) in order to guide solutions that can improve patient journeys.

“As part of delivering on our vision and mission, we aim, to be a healthcare partner of choice for our customers. A key priority for Novartis Malaysia continues to be our focus on exploring further Public Private Partnerships (PPPs) in the realm of clinical trials and healthcare system strengthening,” he added.

In support of its expansion plan, YB Dato’ Sri Mustapa Bin Mohamed, Minister in the Prime Minister’s Department (Economy), and Her Excellency Ambassador Andrea Reichlin, Ambassador of Switzerland to Malaysia, graced the showcase of Novartis Malaysia’s new office.

In his keynote address at the showcase, Mustapa said, “ The growth trajectory of Novartis’ footprint in Malaysia is really a feat worth emulating. From hosting a small office in the country 50 years ago to currently being one of the biggest investors in the Malaysian pharmaceutical market. In these trying times, it is indeed heartening to see leading pharmaceutical companies like Novartis’ continuous commitment in Malaysia.”

“With the opening of Novartis Malaysia’s new office that centres on data and digital while envisioning a future working model taking into consideration their staff’s diverse needs, Novartis is leading the way in showing other Multi National Company’s and investors the direction of holistic growth and innovation that Malaysia as a country wants to emulate,” Mustapa added.

Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) congratulated Novartis Malaysia on their new space, saying “Over 50 years ago, Novartis stepped foot in Malaysia. Today, the Novartis Global Services Center Kuala Lumpur is home to its Operational Headquarters, serving the entire Asia Pacific Region. This evolution speaks volumes of the company’s confidence in Malaysia, as well as our country’s ability in rising to meet the expectations of leading life sciences companies to not only be future ready but to lead in today’s increasingly hybrid world. MIDA wishes Novartis Malaysia all the best ahead and look forward to the company further leveraging Malaysia’s business ecosystem to grow and serve its customers in the region and beyond for the years to come.”

Chief Executive Officer of InvestKL, Muhammad Azmi Zulkifli said “Novartis Malaysia’s new office reflects great confidence and reinforces Greater Kuala Lumpur as a location of choice for leading global companies. This office not only spearheads the transformation of work but also marks a significant milestone of growth supported by Kuala Lumpur’s diverse talent, strategic location, IR4.0 driven economy and solid infrastructure. We look forward to facilitating more innovative and high-tech investments into Malaysia and to continuously support Novartis’s growth in the region.”

An office for the truly Inspired, Curious & Unbossed

Novartis Malaysia’s new office encapsulates the new Ways of Working (WoW) – Team-aligned, Associate-Led, and Manager-Enabled. Therefore, having an office that places flexibility at the core but prioritizes human connections and collaboration for associates to deliver purposeful and high impact will unleash the power of the over 800 talents who work here.

Additionally, the office has been thoughtfully curated with key enablers and elements in place. It incorporates an Activity-Based Workplace concept which allows associates to leverage the different sections and corners that best cater to their meeting, collaboration or wellbeing needs. The company is also big on driving the adoption of data and digital for associates to embrace digital technologies and data science to work in new ways and create better patient outcomes.

The office is also sustainability-driven with the use of environmental-friendly and recycled materials for its furniture and computer monitors. Thanks to these efforts, the office has been recognized as one of 20 LEED-Gold certified offices and the first WELL-Silver certified (office) in the country.

Earlier this year, Novartis Malaysia addded another feather to its cap by winning Top Employer 2022, having also won for consecutive years of 2021 and 2020. Novartis Malaysia also hosts one of 5 Novartis Global Service Centres worldwide, which have all been certified as Top Employer 3 years in a row. The award recognizes excellence in working environment and further underscores its Inspired, Curious and Unbossed culture.

As a leading medicines company powered by advanced therapy platforms and data science, Novartis Malaysia proved its capability by winning the Medical Technology – Pharmaceuticals award for its predictive tool AXON at the Malaysia Technology Excellence Awards 2022 recently.

*****

About Novartis
Novartis is reimagining medicine to improve and extend people’s lives. As a leading global medicines company, we use innovative science and digital technologies to create transformative treatments in areas of great medical need. In our quest to find new medicines, we consistently rank among the world’s top companies investing in research and development. Novartis products reach nearly 800 million people globally and we are finding innovative ways to expand access to our latest treatments. About 108,000 people of more than 140 nationalities work at Novartis around the world. Find out more at https://www.novartis.com.

Novartis is on Twitter. Sign up to follow @Novartis at https://twitter.com/novartisnews
For Novartis multimedia content, please visit https://www.novartis.com/news/media-library
For questions about the site or required registration, please contact [email protected]

About Novartis Malaysia
Novartis Malaysia has been present in Malaysia since 1971. Following the merger of Sandoz and Ciba-Geigy, Novartis was formed in 1996. In 2015, Kuala Lumpur was chosen as one of the five Novartis Global Service Centres, which offers IT, HR Services, FRA Operations, Product Lifecycle Services, and Procurement Services to the Novartis group of companies worldwide. In 2021, Novartis was ranked the top contributor by the Clinical Research Malaysia in sponsored research with 16 research projects, leading the market of other healthcare players in this sponsored research space.

Novartis Malaysia Opens the Doors Of Its New Hybrid Office As Part Of Footprint Expansion In Malaysia

Singapore, 16 June 2022 – AEM, a global leader in test innovation, today announced its expansion plans. With a new site in Penang and the US, AEM will also expand its research and development centers (“R&D”) in the aforementioned countries and Singapore, with the new facilities scheduled to start operating by the end of Q3 2022. The expansion of AEM’s Penang, the US, and Singapore manufacturing sites will more than double its current manufacturing space in the three countries and create over 300 additional jobs.

In particular, AEM’s Penang expansion will include an R&D lab that will allow AEM to increase its R&D capabilities, with a strong focus on delivering technologies and solutions for advanced, integrated semiconductor test needs. AEM will also double its headcount in Malaysia to support the expansion, including new roles for technicians, engineers, customer support group, and supply chain management. This expansion allows AEM to tap on the region’s growth opportunities and talents and brings its operations closer to existing and potential customers.

AEM’s US expansion will include R&D, prototyping, and manufacturing in Arizona and California, while the expansion in Singapore will focus on R&D.

“The ability to tap on a diverse talent pool and the high growth potential of Malaysia and Singapore is what makes the region an attractive location for AEM. Our expansion will allow us to better scale up our testing and handling capabilities in tandem with our customers’ needs. It also further solidifies AEM’s position as a hub in the region and its position as a critical node in the global semiconductor supply chain,” says Juha Arola, AEM’s Chief Operating Officer.

Malaysia is strategically positioned in the heart of Southeast Asia, a regional home to top semiconductor and electrical & electronics (“E&E”) companies along with a large technology talent pool. The country is also a crucial player and hub in the semiconductor global supply chain, with approximately 7% of the total global semiconductor trade flowing through the nation. Additionally, the regional growth of the E&E sector is projected to increase by 15% in 2022, propelled by strong global semiconductor sales that are expected to grow by 13.6% in 2022.

“AEM’s decision to expand its plant in Malaysia, notably in Penang highlights our attractiveness as a hub in the semiconductor industry on the world stage, driven by our well-connected and vibrant local E&E ecosystem. MIDA remains committed to growing our E&E and semiconductor industries, working hand in hand with our strategic investors such as AEM. AEM’s expansion will provide new impetus to our efforts to further strengthen Malaysia’s competitiveness in the global E&E value chain while also spurring socio-economic development to our local vicinities; this is indeed a “win-win” situation for both the company and our country in line with the National Investment Aspirations (NIA),” says Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA).

AEM is a Gold Sponsor and the sole sponsor of the SEMICON University Program at SEMICON SEA 2022, which will be held in Penang from June 21 to 23.

*****

About AEM

AEM is a global leader in test innovation. We provide the most comprehensive semiconductor and electronics test solutions based on the best-in-class technologies, processes, and customer support. AEM has a global presence across Asia, Europe, and the United States. With manufacturing plants located in Singapore, Malaysia (Penang), Indonesia (Batam), Vietnam (Ho Chi Minh City), China (Suzhou), and Finland (Lieto), and a global network of engineering support, sales offices, associates, and distributors, we offer our customers a robust and resilient ecosystem of test innovation and support.

AEM Holdings Ltd. is listed on the main board of the Singapore Exchange (Reuters: AEM. SI; Bloomberg: AEM: SP). AEM’s head office is in Singapore.

Media Contacts
Yasminbee Sheikh
Corporate Marketing Manager, AEM
Email: [email protected]
Tel: +65 9880 0104

AEM to Create Over 300 Additional Jobs with the Expansion of its Singapore, Malaysian and the US Operations

• Ceremony attended by Chief Minister of Penang and senior LEM team
• Production plant of 12,000 sqm to meet growing customer demand globally
  • supplying automation, automotive and renewable energy businesses
  • production and testing of integrated current sensors
  • first products expected Q1 2024
• Penang, Malaysia, strong base for semiconductor and electronics industries
  • talent, infrastructure and export connections
• LEM investment around CHF 15 million (MYR 70m) for plant construction and initial equipment
• Plant employs 50 persons at start, expected to grow to around 500 in a few years
• Potential for additional R&D capacity 

Geneva, Switzerland, and Penang, Malaysia, 23 June 2022 – LEM (SIX: LEHN), a leading global company in electrical measurement for renewable energy, automation, power network and e-mobility applications, announces that an inauguration ceremony is being held today in Penang, Malaysia for its new production plant. The ceremony is attended by the Chief Minister of Penang, the Chairman and CEO of LEM, together with invited guests including the Swiss Ambassador to Malaysia. The project was first announced in 2020, and today marks a major step in its construction with the first electric current sensor products expected to come on-line in Q1 2024.

Right Honourable Mr. Chow Kon Yeow, the Chief Minister of Penang, said: “Supply chain resiliency and well-developed ecosystem are among the key differentiators that made Penang a sustainable location for the electrical and electronics (E&E) players. Being a leading company in electrical measurement that serves the emerging and high-growth industries, I am confident that LEM would be able to reap a myriad of benefits from its operation in Penang while complementing the State’s presence in the world map of technology.”

“The State, via InvestPenang and other relevant state agencies, is committed to work closely with LEM to ensure smooth project implementation on the ground,” Chow added.

The Malaysian Investment Development Authority’s (MIDA) CEO, Datuk Arham Abdul Rahman, commended LEM Malaysia on the company’s significant milestone, saying, “We are excited to witness LEM joining and further developing Malaysia’s vibrant E&E ecosystem. We are proud that Malaysia, guided by our National Investment Aspirations (NIA), continues to fit into the overall growth strategy of major foreign companies, solidifying our position as an integrated global manufacturing hub for the industry. We anticipate to see exciting spillovers from this project, particularly in generating high-skill employment for local talent, contributing to the socioeconomic upliftment of the community and boosting commercial development in the region. We are deeply appreciative of LEM’s resounding vote of confidence in Malaysia as a preferred investment destination. LEM can be assured that MIDA will render our full support in facilitating your business in this country.”

Andreas Hürlimann, Chairman of LEM, remarked: “We are delighted to be welcomed today by the key persons in Malaysia who have made this investment process come to fruition so efficiently, despite the recent pandemic challenges. We selected Penang as a strategic location to improve our supply chains, increase our resilience and better meet the needs of our customers here in Asia, as well as Europe and the US. This plant will complement our existing facilities in China, Bulgaria and Switzerland as we invest in more capacity to achieve our ambitious but profitable growth objectives in the coming years.”

Frank Rehfeld, Chief Executive Officer of LEM, commented: “The talent and experience available here in Penang will be of significant benefit to LEM, particularly in the domain of semiconductors. This plant will be the main testing base for our integrated current sensor (ICS) products which are in great demand from customers in our automation, automotive and renewable energy businesses. As we develop our manufacturing operations here, we may also consider adding R&D investment and capabilities. We are grateful to everybody who has helped the project reach this important milestone today.”

Notes to editors:

LEM is celebrating its 50^th anniversary in 2022, having been founded in Geneva, Switzerland in 1972.

The company recently announced record annual sales of CHF 373.4 million, further details of which can be found together with the latest Annual Review by accessing http://www.lem.com/en/investors

Images of today’s event and LEM products can be accessed here: https://www.dropbox.com/sh/b88amc1sp2gn7pa/AADrOYs_ST8l7IjJNQew73aga?dl=0

LEM – Life Energy Motion
A leading company in electrical measurement, LEM engineers the best solutions for energy and mobility, ensuring that our customers’ systems are optimized, reliable and safe.

Our 1,500 people in over 15 countries transform technology potential into powerful answers. We develop and recruit the best global talent, working at the forefront of mega trends such as renewable energy, mobility, automation and digitization.

With innovative electrical solutions, we are helping our customers and society accelerate the transition to a sustainable future.

Listed on the SIX Swiss Exchange since 1986, the company’s ticker symbol is LEHN.
www.lem.com

Contact: Investment community
Andrea Borla, Chief Financial Officer
Phone: +41 22 706 1250
Email: [email protected]

Contact: Swiss Media
Cabinet Privé de Conseils s.a. (CPC)
Nick Miles, [email protected], direct +41 22 552 46 26, mobile +41 79 678 76 26
Michael Füglister, [email protected], direct +41 22 552 46 29, mobile +41 78 839 07 62

Contact: Malaysian Media
Dreamz Productions Events Management Sdn Bhd
Cheah WY, [email protected], mobile 019-478 8232

Contact: InvestPenang
Yeoh Bit Kun / Ooi Phei Wen
Communication and Business Intelligence Division
[email protected] / [email protected]

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for 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 realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

LEM Announces Inauguration Ceremony for New Production Plant in Malaysia

Making its Malaysia site to provide one-stop cloud IT infrastructure service Further enhanced its leadership position in the cloud data center market

JOHOR BAHRU, 27 JUNE 2022 — Wiwynn Corporation (Wiwynn), a Taiwan-based innovative cloud IT infrastructure provider for hyperscale data centres, today officially commenced its phase II development on a server printed circuit board assembly (PCBA) plant for cloud data centers, with a groundbreaking ceremony held at Senai airport city, Johor.

Wiwynn has made an impactful debut when it introduced its phase I – server rack integration plant amid the pandemic lockdown in Dec 2021. With today’s announcement on its phase II – server PCBA plant, its Malaysia site will be one of Wiwynn’s hubs that provide complete services from PCBA to rack integration to address the surging demand from hyperscale data centres.

“We are truly grateful for all the support given by the local authorities when we kicked off our server rack integration plant development end of last year. And it has given us the confidence to expedite the launch of our phase II server PCBA lines.” said Dr. Sunlai Chang, President of Wiwynn. “We are excited about the expansion and are looking forward to accelerating growth in Malaysia.”

“Johor has the right ecosystem to attract quality investments and I look forward to seeing tremendous success for Wiwynn’s steady and aggressive progress for both plants in just 6 months’ time. I believe that the success will ripple positive socio-economic impacts in Johor. The state government will continue to extend a dedicated level of assistance in supporting the growth of Wiwynn in this region.” said Datuk Onn Hafiz, Johor’s Chief Minister.

“Wiwynn’s decision to further expand their presence in Malaysia has proven that the country continues to be a competitive investment location for high-value operations amidst global headwinds. It is also expected to generate high-skill employment opportunities for local talent, contribute to the economic upliftment of the community as well as boost commercial development in the state. This expansion project is in line with the National Investment Aspirations (NIA) to make Malaysia a strategic investment hub. MIDA looks forward to working closely with Wiwynn to support the growth of their operations here in Malaysia. We believe this Malaysian plant will springboard Wiwynn to the next level in the region,” said Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA).

Wiwynn is one of the largest ODM-Direct cloud IT infrastructure providers and has built a close partnership with world-leading cloud service providers. It has achieved an impressive growth of USD billion in 2016 and further recorded USD 6.8billion in 2021, showing its strong performance.

“The Meta Wiwynn relationship that dates back to 2012, has continued to become stronger over the years. Thank Wiwynn for the deep partnership, deliverance towards our business goals, dedication to pursue continuous improvement, building on the trust and transparency we have established, and finally, also making us better in the process.” said Sandeep Jayaram, Director of Global Supply Chain at Meta (previously known as Facebook).

“We will bring in the next-generation technologies and follow the highest Gold standard of Green Building Index (GBI) technology to enable smart manufacturing in the new site to show our commitment to a sustainable environment and operation.” added Dr. Sunlai Chang.

The GBI is Malaysia’s industry-recognised green rating tool which provides an indicator to design and construct green, sustainable buildings that can provide energy savings and sustainable business development.

Wiwynn is a highly reputed company in corporate social responsibility. They are one of the members of Responsible Business Alliance (RBA), the world’s largest industry coalition dedicated to supporting workers’ rights and well-being while ensuring a safe and respectful working environment.

The completion of Wiwynn’s server rack integration plant (phase I) is set in Q1 2023, followed by the PCBA plant (phase II) which is scheduled to be put into operations in 2024. After completion, more than 1,150 job opportunities are expected for the locals. For more info, please visit https://www.wiwynn.com or contact [email protected].

*****

About Wiwynn
Wiwynn is an innovative cloud IT infrastructure provider of high-quality computing and storage products, plus rack solutions for leading data centers. We are committed to the vision of “unleash the power of digitalization; ignite the innovation of sustainability”. The Company aggressively invest in next-generation technologies to provide the best TCO (Total Cost of Ownership), workload and energy-optimized IT solutions from cloud to edge.

For more information, please visit Wiwynn website, Facebook and Linkedin or contact [email protected]

For media enquiries, please contact:
Bing Wu (Mr)
Email: [email protected]

Wiwynn Kickstarts Its Phase II Server Plant In Johor, Malaysia

Simplifying business-critical software processes with high-performance low-code development

Singapore, 23 June 2022 – OutSystems, a global leader in high-performance low-code development, today announced the opening of its new Malaysia office, which will service its customers in Malaysia. The office opening is part of OutSystems efforts to expand its footprint across the Asia Pacific region, following its research and development center launch in Bangalore, India last October.

As a gateway to support the accelerated business development in the region, the OutSystems Malaysia office will provide on-the-ground support for both existing and new customers across sectors such as manufacturing, healthcare, BFSI, auto, retail and IT/ITes. Gartner forecasts that 70% of new enterprise applications will be developed using low-code/no-code technologies by 2025. Through the OutSystems platform, local enterprises can quickly re-platform or upgrade legacy systems, or develop new web or mobile applications with the functionality today’s digital society demands.

Aiming to further strengthen the nation’s IT scene with businesses’ increased reliance for digital solutions, OutSystems works closely with the Malaysian Investment DevelopmentAuthority (MIDA), a statutory body in Malaysia’s industrial development sector that works on developing sustainable investment ecosystems in the country, and the Malaysia Digital Economy Corporation (MDEC), the lead digital economy agency under the Ministry of Communications and Multimedia. Through the OutSystems platform, MDEC developed Enterprise-Grade applications to modernise their core applications and support their B2E, B2B
and B2C business”

“We welcome OutSystems entry into Malaysia to expand its operation in digital investment, and look forward to the solid linkages between OutSystems and academia in funnelling industry-relevant graduates into the ecosystem. In fact, this is in line with the Government’s aspiration to attract RM70 billion worth of investments by 2025,” Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA.

“We are proud to partner with yet another key stakeholder to realise the digitalisation and innovation aspirations as outlined in the Digital Economy Blueprint (MyDigital). We will continue to welcome more of such investments to break new frontiers by leveraging Malaysia’s advantages. The end goal is to reinvigorate the country’s investment landscape, generate quality and high-skilled employment opportunities for locals, and strengthen the country’s competitiveness. We surely are on the right track to achieve this,” Arham added.

“The opening of the Malaysia office brings us a step closer to our clients as we take on a crucial role in closing the developer gap and addressing business priorities like digitalising Malaysian corporations. Our existing partnerships with MDEC and MIDA have been a great start as we hope to empower businesses and provide them with seamless access to these technologies,” said Mark Weaser, APAC Vice-President at OutSystems. “We look forward to continue fueling digital transformation through high-performance low-code by empowering companies to develop serious applications that make an impact in the world as well as fostering a new generation of tech talent.”

Also commended the company’s office opening in Malaysia is Mahadhir Aziz, Chief Executive Officer CEO of MDEC. “The digitalisation of SMEs in Malaysia is crucial to ensure that the backbone of our nation’s economy can survive, thrive, and compete with the rest of the world. We welcome the arrival of OutSystems in Malaysia, whose vision and mission will no doubt support MDEC’s ongoing efforts in driving business digitalisation and the digital transformation of the country.”

He continued, “Furthermore, OutSystems’ new office here is a testament to the continued confidence of investors towards Malaysia’s robust digital ecosystem. We look forward to working together with OutSystems and other partners across private and public sectors to further nurture a progressive, inclusive, and innovative digital economy.”

According to estimates from consulting firms, around 77% of SMEs in Malaysia are estimated to be in their early stages of digitalisation, with cost and lack of awareness cited as leading factors to the delay in business digital transformations. According to the country’s digital literacy rate, 15% of Malaysian businesses have advanced ICT abilities, with the lack of digital skills amongst the population contributing to the low adoption of technologies. In order to catch up with its regional counterparts and become a viable competitor to attract investors and businesses, platforms like OutSystems come in, providing high-performance low-code services to bridge the talent gap and accelerate business transformation.

*****

About OutSystems
OutSystems was founded in 2001 with the mission to give every organization the power to innovate through software. The OutSystems high-performance low-code platform gives technology leaders and developers the tools to rapidly build and deploy their own business-critical applications. The company’s network spans more than 600,000 community members, 400+ partners, and active customers in 87 countries across 22 industries. OutSystems is “The 1 Low-Code Platform®” and a recognized leader by analysts, IT executives, business leaders, and developers around the world. Some of the most well-known brands use OutSystems to turn their big ideas into software that moves their business, people and the
world forward. Learn more at www.outsystems.com.

Media Contacts
The Hoffman Agency on behalf of OutSystems
[email protected]

OutSystems Expands Regional Footprint with New Malaysia Office

Penang, 28 June 2022 – Smith+Nephew, the global medical technology company, today opened its new high technology manufacturing facility in Batu Kawan Industrial Park in Penang, Malaysia. The 250,000 square-foot facility, worth more than USD100 million in investment, will primarily support the company’s Orthopaedics business, which is expected to grow strongly in the Asia Pacific region.

The new manufacturing facility was officiated by the Chief Minister of Penang, YAB. Tuan Chow Kon Yeow, in the presence of Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA) and Dr. Deepak Nath, CEO of Smith+Nephew.

Aligned to the company’s refreshed Strategy for Growth pillar to strengthen its foundation, this new facility will enable Smith+Nephew to serve customers and their patients sustainably through advanced manufacturing. Up to 800 new local jobs in manufacturing, engineering and supply chain will be created over the next few years with key roles already filled.

“Penang is pleased to be the choice location for Smith+Nephew, serving as an acknowledgement of the skilled talent, well-developed infrastructure and resilient environment the state holds. Dubbed as the Silicon Valley of the East, the state’s robust industrial ecosystem not only enables us to accelerate the breakthroughs in the electrical and electronics industry, but further entrenches our position as a medical devices hub in the region. Particularly, Penang has the highest concentrations of medical technology companies in Malaysia and Southeast Asia.” said YAB Chow Kon Yeow, Chief Minister of Penang.

Datuk Arham Abdul Rahman, CEO of MIDA congratulated Smith+Nephew on the opening of the Company’s new manufacturing facility saying, “Malaysia is very excited to host Smith+Nephew’s manufacturing production to support the company’s growing Orthopaedics franchise. This facility will be the Company’s first manufacturing venture within Southeast Asia. This demonstrates our ability in attracting renowned medical devices manufacturers into Malaysia. Smith+Nephew’s presence will also encourage growth of local companies and our medical devices industry’s ecosystem, and strengthen our reputation as an ideal med-tech manufacturing hub in ASEAN.”

Dr. Deepak Nath, CEO of Smith+Nephew said: “We are thrilled to open this new manufacturing facility in Malaysia which represents our commitment to Asia Pacific, Malaysia, our customers and their patients. It is also a critical piece of our Strategy for Growth, improving efficiency and resilience, and supports our purpose of Life Unlimited so that patients across the region and beyond can return to living life to their fullest.”

Smith+Nephew’s manufacturing facility is a frontrunner in sustainability and achieved its goal of zero waste-to-landfill four years ahead of target. In December 2021, it was recognised by the United Nations Global Compact Network for Malaysia and Brunei in the category of SDG Benchmark 4: Zero Waste to Landfill and Incineration. The American Malaysian Chamber of Commerce for Excellence in Corporate Social Responsibility also presented the team with an AMCHAM CARES award for creating long term economic and social values within the community in 2021.

Smith+Nephew also provides a bursary to students from the Penang Skills Development Centre who will be employed and trained as machinists upon their graduation at the Company.

Malaysia is well-positioned to be the manufacturing hub for the medical devices industry in Asia. Presently, Malaysia is home to over 200 manufacturers, with more than 30 medical devices MNCs producing high value-added medical devices. The second and third tiers of medical device manufacturers for parts and components of medical devices have increased opportunities for local vendors to be integrated into the global supply chain of this industry.

For 2021 alone, MIDA has approved 38 medical devices-related manufacturing projects worth RM7.68 billion (USD1.84 billion), which are expected to create approximately 12,500 employment opportunities for the country. The industry shows great promise in generating high-income jobs, increasing export value, and reinforcing the domestic supply chain ecosystem.

*****

About MIDA

MIDA is the government’s principal promotion agency under the Ministry of International 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 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 Twitter, Instagram, Facebook, LinkedIn, YouTube and TikTok.

About Smith+Nephew

Smith+Nephew is a portfolio medical technology company focused on the repair, regeneration and replacement of soft and hard tissue. We exist to restore people’s bodies and their self-belief by using technology to take the limits off living. We call this purpose ‘Life Unlimited’. Our 18,000 employees deliver this mission every day, making a difference to patients’ lives through the excellence of our product portfolio, and the invention and application of new technologies across our three global franchises of Orthopaedics, Sports Medicine & ENT and Advanced Wound Management.

Founded in Hull, UK, in 1856, we now operate in more than 100 countries, and generated annual sales of $5.2 billion in 2021. Smith+Nephew is a constituent of the FTSE100 (LSE:SN, NYSE:SNN). The terms ‘Group’ and ‘Smith+Nephew’ are used to refer to Smith & Nephew plc and its consolidated subsidiaries, unless the context requires otherwise.

For more information about Smith+Nephew, please visit www.smith-nephew.com and follow us on Twitter, LinkedIn, Instagram or Facebook.

For more information, please contact:

MIDA

Ms. Azlina Hamdan
Director, Life Sciences & Medical Technology Division
E: [email protected]
T: +603-2267 3791

Smith+Nephew

Mr. Charles Reynolds
T: +44 (0) 1923 477314

Forward-looking Statements

This document may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue growth and trading margins, market trends and our product pipeline are forward-looking statements. Phrases such as “aim”, “plan”, “intend”, “anticipate”, “well-placed”, “believe”, “estimate”, “expect”, “target”, “consider” and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. For Smith+Nephew, these factors include: risks related to the impact of COVID-19, such as the depth and longevity of its impact, government actions and other restrictive measures taken in response, material delays and cancellations of elective procedures, reduced procedure capacity at medical facilities, restricted access for sales representatives to medical facilities, or our ability to execute business continuity plans as a result of COVID-19; economic and financial conditions in the markets we serve, especially those affecting health care providers, payers and customers (including, without limitation, as a result of COVID-19); price levels for established and innovative medical devices; developments in medical technology; regulatory approvals, reimbursement decisions or other government actions; product defects or recalls or other problems with quality management systems or failure to comply with related regulations; litigation relating to patent or other claims; legal compliance risks and related investigative, remedial or enforcement actions; disruption to our supply chain or operations or those of our suppliers (including, without limitation, as a result of COVID-19); competition for qualified personnel; strategic actions, including acquisitions and dispositions, our success in performing due diligence, valuing and integrating acquired businesses; disruption that may result from transactions or other changes we make in our business plans or organisation to adapt to market developments; and numerous other matters that affect us or our markets, including those of a political, economic, business, competitive or reputational nature. Please refer to the documents that Smith+Nephew has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Smith+Nephew’s most recent annual report on Form 20-F, for a discussion of certain of these factors. Any forward-looking statement is based on information available to Smith+Nephew as of the date of the statement. All written or oral forward-looking statements attributable to Smith+Nephew are qualified by this caution. Smith+Nephew does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Smith+Nephew’s expectations. ^◊ Trademark of Smith+Nephew. Certain marks registered US Patent and Trademark Office.

Smith+Nephew Opens World-Class Manufacturing Facility In Malaysia To Support Its Orthopaedics Business

Newly launched “Productivity Through Digitalisation – AI4S Programme Proof-of-Concept Projects Compilation” Booklet features 31 successfully completed pilot projects

Penang, 22 JUNE 2022 – As part of the Artificial Intelligence for SMEs (AI4S) Programme, the Malaysian Investment Development Authority (MIDA), Malaysia Productivity Corporation (MPC) and Intel Malaysia have collaborated to launch the “Productivity Through Digitalisation – AI4S Programme Proof-of-Concept Projects Compilation” booklet.

The launch was officiated by Datuk Hanafi Sakri, Senior Director of the Ministry of International Trade and Industry (MITI) in the presence of YAB Chow Kon Yeow, Chief Minister of Penang; Datuk Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA; Mr. Ajit Manocha, President and CEO of SEMI; and Dato’ Seri Wong Siew Hai, President of Malaysia Semiconductor Industry Association (MSIA) and Champion of Electrical & Electronics Productivity Nexus (EEPN). Also in attendance were Ms. AK Chong, Vice President of Manufacturing, Supply Chain and Operations at Intel Corporation and MD of Intel Malaysia; Dr. Mohamad Norjayadi Tamam, Director of MPC and Ms. Sarojini Ganesan, Deputy Director of the Advanced Technology and R&D of MIDA.

Datuk Arham, CEO of MIDA said, “Companies that adopt and adapt Industry 4.0-related technologies such as AI can optimise productivity and grow in the face of rapid changes in technology cycles. Hence, MIDA is committed to building a resilient and sustainable Malaysian electrical and electronics (E&E) supply chain through the development and enhancement of our very own SMEs through this AI4S Programme. This perfectly aligns with our National Investment Aspirations (NIA) in encouraging the innovative transformation of our industries through proactive and guided measures. We are undoubtedly excited to witness the future success of our SMEs in the year to come through this programme.”

Last year, a total of 100 SME companies were selected to participate in the AI4S Programme, where each company was awarded with an Artificial Intelligence (AI) kit. These SMEs underwent comprehensive technology enabling process and training to empower them to implement personalised pilot projects for their businesses to jump-start their AI technology adoption journey. Upon the completion of AI4S Programme that began in the first quarter of 2021, 31 successfully completed pilot projects have been selected to be featured in the AI4S Booklet.

The AI4S Booklet is a testament of the relevance of AI applications for business processes, including SME companies. Notably, the AI4S Programme saw 63 per cent of the participants utilised the AI kit for detection for quality assurance (QA); approximately 13 per cent integrating AI into their system for detection for traffic; another 10 per cent of the participants utilised the AI kit for on-site monitoring; another 10 per cent utilised the AI kit for detection for counting, where else the remaining four (4) per cent used the kit for entry control and recognition.

Dr. Mohamad Norjayadi Tamam, Director of MPC, is confident that the Proof-of-Concept projects featured in this booklet can serve as lessons learned in charting the transformation of their own Industry 4.0 journey. As the operation partner for this AI4S programme, MPC is in-charge of the training and implementation delivery programme management for all the five (5) training batches of the 100 companies.

Ms. AK Chong, Managing Director of Intel Malaysia, remarked “Innovation in technology has never been more important to our present and our future. For our nation to advance its global competitiveness, businesses across all sectors need to embrace technology and innovate continuously. Through this partnership with MIDA and MPC, Intel is pleased to be able to equip SMEs with skills in AI and help them create solutions for their businesses. We are confident that this experience will catalyse innovation and growth for many of the participants, and we look forward to seeing what they achieve next.”

MIDA is actively urging industry leaders and players to take the opportunity and leverage the numerous facilitations offered by the Government to embrace Industry 4.0. These include encouraging companies to undertake Readiness Assessment (RA) programme to assess their capabilities and readiness to adopt Industry 4.0 technology under the Industry4WRD initiative.

This augurs well with the Government’s push for the development of AI technology and ecosystem in Malaysia through relevant ministries and agencies in line with the National Science, Technology, and Innovation Policy (NSTIP) 2021-2030.

The policy is targeting to increase gross expenditure on R&D (GERD) per gross domestic product (GDP) to 3.5 per cent, with 50 per cent of the GERD to GDP to be contributed by experimental development. This is in addition to promoting development and adoption of local technology.

Towards this goal, the National Science Council was formed and mandated to discuss various government efforts including technology roadmaps to popularise the field of science, technology and innovation (STI) as an enabler for socio-economic stabilisation of the country in line with the Twelfth Malaysia Plan (12MP).

For more information, interested stakeholders may contact the Advanced Technology and Research and Development Division of MIDA at www.mida.gov.my.

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International 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 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 Twitter, Instagram, Facebook, LinkedIn, Tiktok and YouTube channel.

For more information, please contact:

For more information, please contact:
Mr. Syed Kamal Muzaffa
Director, Advanced Technology and Research and Development Division, MIDA
Email: [email protected] | DL: +603 2267 6611

MIDA, MPC & Intel Malaysia’s Collaborative Artificial Intelligence For SMEs (AI4S) Programme Proves AI Application Is Relevant For SMEs

KUALA LUMPUR – 21 June 2022 – Spotlighting critical issues including sustainability and supply chain resilience, SEMICON Southeast Asia 2022, the region’s premier gathering of the semiconductor and microelectronics industry, is opening its doors for 3-days of regional industry engagement. Returning to the Setia SPICE Convention Centre in Penang for the first time in three years due to the pandemic, the 21-23 June event will connect semiconductor manufacturing equipment companies, private and public partners, and other key industry stakeholders to explore new collaboration and growth opportunities. The opening was officiated by YAB Mr Chow Kon Yeow, Chief Minister, Penang.      

Themed Forward as One – Building A Resilient and Sustainable Electronics Supply Chain in Southeast Asia, SEMICON Southeast Asia 2022 will also commemorate Malaysia’s 50^th Year of Manufacturing Excellence and celebrate Penang’s reputation as the Silicon Valley of the East, built on decades of manufacturing excellence and industrial experience.  Held physically after a two-year hiatus due to the pandemic, and after five years in Penang, the showcase brings together industry experts from around the world for critical insights into the semiconductor ecosystem, new business opportunities and collaboration.

Speaking at the opening ceremony, Ajit Manocha, CEO of SEMI said that SEMICON Southeast Asia 2022 underscores the significance of the Electrical and Electronics (E&E) industry both in Malaysia and the broader Southeast Asia region. “This is the most exciting time in the industry’s history. We witnessed unprecedented challenges with the Covid-19 pandemic, but the semiconductor industry has coped well and shown strong growth. The most important lesson from the pandemic has been how crucial semiconductors are to all facets of lives.”

“SEMICON Southeast Asia 2022 will drive conversations in this space, whilst also discussing the importance of sustainability and building stronger supply chains.”

“The accelerating digital transformation and the convergence of AI (artificial intelligence), IoT (Internet of Things), AR/VR (augmented reality/virtual reality), quantum computing, autonomous machines and many other emerging technologies will touch virtually every end market, resulting in tremendous opportunities for the semiconductor industry.”

“SEMICON Southeast Asia 2022 will drive conversations in this space, whilst also discussing the importance of sustainability and building stronger supply chains.”

The Chief Minister of Penang, YAB Mr. Chow Kon Yeow, said: “With an all-time high export value of RM364 billion, Penang topped the nation’s list in 2021. The state’s significance in the electrical and electronics (E&E) industry is well-attested as Penang accounted for over 5% of the global semiconductor sales and made up close to 60% of Malaysia’s E&E exports. Penang is also known as a regional hub for front-to-back-end equipment manufacturing, serving the needs of E&E industry along the value chain. These achievements have greatly demonstrated the state’s sustained excellence as the Silicon Valley of the East, making Penang a valuable site to host SEMICON Southeast Asia 2022.”

“2022 is also a year of celebration for Penang as we step into our 50^th anniversary of industrialisation. Holding on the tagline ‘50 Years of Excellence and Beyond’, the state strives to uphold its conducive ecosystem capable of stimulating the advancement of strategic industries for the next 50 years and beyond,” Chow added.

SEMICON Southeast Asia 2022 is expected to draw more than 10,000 attendees and features two (2) themed pavilions, two (2) global pavilions, inspiring keynote presentations, and a host of technology forums to address key trends and issues in the electronics manufacturing supply chain.

Datuk Arham Abdul Rahman, Chief Executive Officer of Malaysian Investment Development Authority (MIDA) said, “MIDA is honoured to have worked with SEMI Southeast Asia since 2015 to promote and update our industry stakeholders on technological advancements. Digitalisation and expanding consumer demand for electronics will drive continuous change in the years ahead because the opportunities are boundless. As mapped out in the National Investment Aspirations (NIA), there is more space for us to grow. Developing new clusters and innovation in the existing areas will create highly skilled jobs, expand regional and global supply chains and increase our effort in bringing socio-economic development.

Malaysia is home to over 5,000 investors from more than 40 countries. In the first quarter of 2022, Malaysia continued to attract a total of RM42.8 billion approved investments, of which the Electrical and Electronics industry contributed RM19 billion with 13,700 new job opportunities.”

“MIDA will stay committed in building resilient and sustainable electronics supply chain in Malaysia and the ASEAN region. We pursue high-quality and technology-driven investments to boost socio-economic development and trade growth. Apart from local industry players, we are expanding the benefits of our manufacturing ecosystem to global businesses and brands.” added Datuk Arham.

Attendees at SEMICON Southeast Asia 2022 will experience a robust line-up of experts and thought leaders from semiconductor organisations around the world.

SEMICON Southeast Asia 2022 Highlights

• Smart and Sustainable Manufacturing Journey will focus on state-of-the-art technologies that can increase manufacturing efficiency and world-class sustainable practices.
• World of IoT Pavilion will highlight existing and emerging technologies and applications enabled by semiconductor innovation.
• Technical Forums will offer insights on industry trends whilst providing networking and other information-sharing opportunities.
• CxO Summit sessions will feature industry opinion leaders.
• Workforce and Talent Development Pavilion will feature the largest E&E career fair and career talks by industry experts to help the industry build its talent pipeline.
• SEMICON University Program will feature aspiring leaders from the E&E industry and a robust panel to engage in a discussion on Diversity, Equity and Inclusivity (DEI).

For more information on SEMICON Southeast Asia 2022, visit the conference website.

About SEMI

SEMI® connects more than 2,500-member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA), the MEMS & Sensors Industry Group (MSIG) and SOI Consortium are SEMI Strategic Technology Communities. Visit www.semi.org to learn more, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter.

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International 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 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 Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for 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) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

Media Contacts
Ryan Teo
SEMI Southeast Asia Pte Ltd
[email protected]
+65 9859 0883

Reshvinder Kaur (for SEMI Southeast Asia Pte Ltd)
[email protected]
+6017 275 7985

Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division, MIDA
Email: [email protected] | DL: +603-2267 3575

Yeoh Bit Kun / Ooi Phei Wen
InvestPenang
[email protected] / [email protected]

Sustainability and Supply Chain Resilience Take Centre Stage at SEMICON Southeast Asia 2022

Paris Baguette to invest more than RM130 million towards their first Halal certified bakery manufactory in the world

KUALA LUMPUR, 17 JUNE 2022 -Paris Baguette Singapore, owned by South Korean food and beverage giant SPC Group, announced their first Paris Baguette Halal certified bakery manufacturing and distribution centre to be built in Johor, Malaysia. 

Dubbed SPC Centre, Johor, the construction is set to begin in the third quarter of this year and will involve a total investment expected to exceed RM130 million. The facility is slated to be operational in June 2023. Johor-based SPC Centre will manufacture about 100 items such as bread, cakes, and desserts to supply to Paris Baguette outlets in Southeast Asia countries including Singapore, Vietnam, Cambodia and Indonesia. The facility will also serve as a production and distribution hub to supply to future Halal markets such as the Middle East countries. Notably, the new facility is expected to create close to 100 new job opportunities. 

SPC Group Chairman, Mr. Huh Young-in said, “The SPC Centre, Johor, will act as a cornerstone of our Southeast Asia business expansion and aid in the venture into the Middle East. SPC Group is looking forward in contributing to the huge global Halal food market potential of over USD2 trillion. The new Johor-based facility will span 16,500 square metre and will be located at Nusajaya Tech Park (NTP).  NTP is a strategic location with seamless access to international airports and seaports in both Singapore and Malaysia that connects to all major cities in Asia supporting its business expansion into the Southeast Asia and Middle East region.

In addition to the strategic location and friendly business policies, Malaysia is also an ideal investment destination for us due to its Halal landscape. We will continue to invest aggressively to accelerate our global expansion.”

SPC Group also aims to build an additional global manufacturing and distribution centre in Malaysia that will expand and support the company’s production. The company will focus on the Muslim market, which accounts for 24% of the world’s population or 1.9 billion people, through its Halal certification.

Malaysia had a head start in building a well-structured Halal regulation and ecosystem. The Federal Government’s Department of Islamic Development Malaysia (JAKIM) and Halal Development Corporation Berhad (HDC) lead this dynamic industry with a vast pool of knowledgeable talent and well-established infrastructure in applying the Halal Industry Master Plan 2030.

“As pioneers in the Halal industry, we have the responsibility to continue to lead and facilitate Halal-related industries. MIDA in its capacity has facilitated 15 food manufacturing projects amounting to RM1.5 billion with dedicated Halal incentives, utilising state-of-the-art machineries and processes, creating 1,749 food-tech job opportunities in ‘ready-to-eat’ (RTE) products, bakery products, frozen food products, confectionery products, instant noodles, snack foods and processed poultry products. To strengthen the Halal F&B manufacturing further, we are delighted to welcome the SPC Group through its subsidiary Paris Baguette Logistics Sdn. Bhd. into Malaysia. We hope to continue attracting high-value players like SPC Group who support our National Investment Aspirations (NIA) by injecting new knowledge, create new job opportunities for local talent and offer more collaborative options to local vendors,” shared Datuk Arham Abdul Rahman, Chief Executive Officer of Malaysian Investment Development Authority (MIDA). 

The brand founded in 1988 has been progressively and successfully growing its presence in Southeast Asia. Expansion to markets such as Singapore, Vietnam, Cambodia, and Indonesia. In addition, Paris Baguette is engaging with potential partners to expand Paris Baguette outlets in Malaysia. The brand is also set to open its 100th store in the United States with plans to open its first flagship store in Toronto, Canada this year. The franchise is also set to further expand in China and the United Kingdom.

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About MIDA

MIDA is the government’s principal promotion agency under the Ministry of International 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 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 Twitter, Instagram, Facebook, LinkedIn, YouTube and TikTok.

About Paris Baguette

Paris Baguette, born in 1988, is a global bakery chain business and subsidiary of the SPC Group, a leading South Korean food and confectionery conglomerate. From the modest beginnings, the chain had grown steadily and grew into the No.1 bakery in Korea. From 2004, the brand started to branch out to local subsidiaries in the U.S. China, Vietnam, and Singapore and today, it owns over 4,000 units globally including 3,400 in South Korea, 440 plus outlets across the United States, China, France, Canada, and Southeast Asia becoming a truly global premium bakery brand. Its mission to satisfy cravings and taste buds of all ages and backgrounds still continous with the spirit of Sangmidang, which is to not leave a single piece of bread unchecked, is still with us 75 years later.

About SPC Group

SPC Group is a Korea-based global food company, with more than seventy years of history and experience in the Korean market with companies including SPC SAMLIP Co., LTD., Paris Croissant Co., LTD and BR Korea Co., LTD (Baskin Robbins, Dunkin’ Donuts) and 30 undisputable brands across 7,000 stores. SPC Group owns and operates brands such as Paris Baguette, Paris Croissant, Passion 5, Coffee@Works, LaGrillia, Queens Park, Vera, StrEAT and Bizeun covering the bakery, dessert, and restaurant business worldwide.

SPC Group has successfully introduced global brands to the Korean market including Baskin Robbins, Dunkin’ Donuts, Caffe Pascucci, LINA’s, Jamba Juice, Shake Shack and Eggslut. The bakery brand, Paris Baguette, has entered markets overseas including France, the US, China, Singapore, and Vietnam with over 440 stores. In addition, SPC Group is striving to pursue its mission to make the society healthier and happier by fulfilling their social responsibilities and cooperating with stakeholders to lead a healthy food culture and grow into a Great Food company loved by the globe.

Media Enquiries:

Ms. Manjit Kaur Balkar Singh
Director, Food Technology and Resource-Based Industries Division, MIDA
Email: [email protected] | Tel: +603-2267 3509

Ms. Hanna Yoo
Marketing and Communication, Manager
Email: [email protected] l Tel: +65 8355 9095

South Korea’s SPC Group Set To Build Halal Certified Food Manufacturing Facility In Malaysia

Penang June 14, 2022 — TF-AMD Microelectronics Sdn. Bhd. today announced plans to expand its manufacturing facility in Penang with the construction of a second site at Batu Kawan Industrial Park, Penang. With nearly RM2 billion of capital investment, the new manufacturing facility is expected to create more than 3,000 new jobs in advanced semiconductor engineering, design, and process technologies for high-performance computing solutions. The strategic expansion builds on the significant investments TF-AMD has made in Malaysia over the past 50 years that will support the company’s continued growth.

The announcement took place at a celebratory event at TF-AMD’s Bayan Lepas facility in Penang. The officials who attended and spoke at the ceremony included YAB Chief Minister of Penang, Tuan Chow Kon Yeow; Penang State Exco Trade, Industry & Entrepreneur Development, Yang Berhormat Dato Haji Abdul Halim Bin Haji Hussain; Chief Executive Officer, Malaysian Investment Development Authority (MIDA), YBhg. Datuk Arham Abdul Rahman; Executive Vice President, Chief Financial Officer and Treasurer of AMD, YBhg. Dato’ Devinder Kumar; Chairman of TFME, Mr. Shi Ming Da; and Managing Director, Corporate Vice President of TF-AMD, Mr. Neoh Soon Ee. The officials were also accompanied by Chief Executive Officer, InvestPenang, YBhg. Dato’ Loo Lee Lian and Chief Executive, Northern Corridor Implementation Authority, (NCIA) YBrs. Tuan Mohamad Haris Kader Sultan.

The Chief Minister of Penang, YAB Tuan Chow Kon Yeow said “Penang is pleased to see TF-AMD, a prominent global player in high technology assembly and test, deepening its roots in the state. With a presence that spans half a century, TF-AMD’s expansion has greatly demonstrated the conduciveness of Penang’s business environment, buoyed by its resilient supply chain, excellent infrastructure and future-proof talent pool. With TF-AMD’s wealth of knowledge and experience in the electrical and electronics (E&E) industry, I’m confident that this strategic expansion plan will provide immense opportunities for local talent development in high-performance computing solutions.”

“The State, via InvestPenang and other relevant state agencies, is committed to outpace investors’ expectations by providing continuous facilitation throughout this expansion project. Penang looks forward to another 50 strong years with TF-AMD,” Chow added.

“As one of the key eight (8) investors or famously known as “Samurai 8” that drove the industrialisation of “Silicon Valley of the East in Malaysia”, TF-AMD has been instrumental in the enormous growth of the local semiconductor ecosystem. In the last five (5) decades, TF-AMD has never ceased to consider Malaysia as part of its growth opportunity, investing across different parts of the semiconductor value chain. We are excited to know that the establishment of the manufacturing plant will also create opportunities for local companies through the vendor development programmes. This includes targeting to employ more than 3,000 additional employees predominantly from the science and technical background and develop local vendors within the next five (5) years in the areas of Industry 4.0, automation and engineering services.

Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia. Foreign investors’ confidence in Malaysia continues to grow because the nation is a haven for one of the most comprehensive ecosystems in the region; the Electrical and Electronics (E&E) and Machinery and Equipment (M&E) industries, making the country as the preferred single largest site for offshore semiconductor firms, like TF-AMD. We aspire to see more companies emulate TF-AMD’s success story by raising their bar in terms of best practices and capabilities in the near future.” said Datuk Arham Abdul Rahman, CEO of MIDA.

Chairman of TF-AMD, Mr. Shi Ming Da is truly pleased to be celebrating TF-AMD Penang’s 50th anniversary in the same year of this momentous expansion and investment. “Malaysia is endowed with outstanding geographic location, good business environment, diligent and sincere workforce, which strengthens our confidence for continued investment in Malaysia. TF-AMD has growth momentum in the semiconductor industry in becoming one of the world’s best assembly and test service providers for high-end processors. At this meaningful moment, TF-AMD is embarking on a new chapter and will be ready to make a giant leap forward. TF-AMD is fully committed to pioneering the advanced assembly and packaging business in the semiconductor industry and build an even more glorious future!”

Mr. Neoh Soon Ee, Managing Director, Corporate Vice President of TF-AMD commented “This is an exciting day for TF-AMD as it marks the beginning of a new chapter in our continued pursuit of providing excellent support to our customers with differentiated high-value engineering solutions. The new facility, spanning 1.5 million square feet and occupying approximately 14 acres, will manufacture advanced integrated circuit technology and is expected to be completed in 2023. Once completed, the facility will bring TF-AMD’s total manufacturing capacity to over 2.3 million square feet.”

“AMD has had outstanding growth in the last few years and TF-AMD has played a key role as a strategic supplier and partner in supporting our growth. We are pleased with the expansion plans for assembly, test and packaging services of our joint venture TF-AMD which will further increase the capacity and supply to support AMD’s future growth” said Dato’ Devinder Kumar, Executive Vice President, CFO and Treasurer of AMD. “Penang has played a critical role in assembly and test operations for AMD and TF-AMD for more than 50 years and we are pleased to mark another important milestone in our long-standing business presence in Penang and Malaysia.”

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About MIDA
MIDA is the government’s principal promotion agency under the Ministry of International 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 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 Twitter, Instagram, Facebook, LinkedIn, YouTube and TikTok.

About Invest Penang
InvestPenang is the Penang State Government’s principal agency for 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 realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention) and i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About TF-AMD
TF-AMD Microelectronics (Penang) Sdn. Bhd. located in Penang, Malaysia is one of the state-of-art Assembly and Test service provider for high performance computing and communication solutions. As one of the pioneer companies in Penang, our mission is to enable our global customers success with leading edge and differentiated high value packaging solutions. For more information, please visit https://www.tf-amd.com.my

For media enquiries, please contact:

MIDA
Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division, MIDA
E: [email protected] T: +603-2267 3575

InvestPenang
Ms. Yeoh Bit Kun / Ms. Ooi Phei Wen
InvestPenang Communication and Business Intelligence E: [email protected] / [email protected]

TF-AMD
Mr. Gary Khoo Edelman Public Relations for TF-AMD
E: [email protected] T: +60 12-932 9280

Ms. Yvonne Chee
Chief of Staff to Managing Director, CVP
E: [email protected] T: +604-252 2448

AMD
Mr. Drew Prairie
AMD Communications
E: [email protected] T: +1-512-602-4425

TF-AMD Expands its Presence in Malaysia with New Manufacturing Site

Kuala Lumpur, 14 June 2022 – Malaysia has attracted a total of RM42.8 billion (USD10.2 billion) approved investments in the manufacturing, services and primary sectors, involving 910 projects in January to March 2022. The foreign direct investments (FDI) remained the major contributor, at 65 per cent or RM27.8 billion (USD6.6 billion), while investments from domestic sources contributed 35 per cent amounting to RM15 billion (USD3.6 billion). The approved investments for this period will create 24,906 new jobs in the country.

During the period, the manufacturing sector continued to assume an important role in driving the country’s economic recovery, accounting for more than half (70.1 per cent) of total approved investments of RM30 billion (USD7.1 billion), followed by the services sector at RM12.7 billion (USD3 billion) (29.7 per cent) and the primary sector at RM0.1 billion (USD40.4 million) (0.2 per cent).

FDI accounted for 65 per cent or RM27.8 billion (USD6.6 billion) of approved investments. Of the total investments approved, Germany dominated foreign investments for the period January to March 2022, with investments totaling RM8.9  billion (USD2.1 billion) (32 per cent), followed by Brunei RM 5.1 billion (USD1.2 billion) (18.3 per cent), the United States of America (USA) RM3.9 billion (USD0.9 billion) (14.0 per cent), Hong Kong RM3.3 billion (USD0.8 billion) (11.9 per cent), and Japan RM3.2 billion (USD0.8 billion) (11.5 per cent) of total approved FDI in the country.

For projects approved by state, five (5) major states, namely Kedah, Penang, Selangor, Sabah and Johor, contributed RM31.8 billion (USD7.6 billion) (74.3 per cent) of the total investments approved from January to March 2022.

YB. Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) said, “Malaysia remains an attractive investment destination for global investors with the manufacturing sector maintaining its position as a key pillar of the economy for 2022 generating significant multiplier effects on the nation’s growth. Today, we are proud to have over 5,000 companies from more than 40 countries that have made Malaysia their location for manufacturing and related services operations.”

The Senior Minister highlighted that Malaysia will continue to focus on high growth and high value-added sectors which offer Malaysians exciting job opportunities. “Aligning to the Twelfth Malaysia Plan (RMK12), Malaysia has been securing new investments that position well with the country’s National Investment Aspirations (NIA) and Environmental, Social and Governance (ESG) principles. This will stand us in good stead to capture more economic opportunities. We look forward to seeing more significant growth for the second quarter of 2022,” he added.

The Malaysian Government has lined-up strategic and focused trade and investment missions (TIM) targeted to capture investments in high technology, innovation and research-driven industries that will complement the Malaysian industrial ecosystem. The recent TIM to USA in May 2022 was indeed a successful initiative that has secured RM16.52 billion (USD3.77 billion) in the committed investment for 2022. The pro-business administrative continues to be prudent and pragmatic in its policies to ensure that Malaysia’s investment climate remains attractive for businesses; not only to conduct business activities, but also expand and diversify existing operations.

Manufacturing Sector

Malaysia continues to attract high quality investments in the manufacturing sector for the period January to March 2022, reflecting the country’s competitiveness as a preferred location for investment in the region. The manufacturing sector contributed RM30 billion (USD7.1 billion), which is 70.1 per cent of the total approved investments in various sectors of the economy, compared to RM59.4 billion (USD14.3 billion) in the same period in 2021.

The approval of a megaproject was cited as the reason for the high total investment in the manufacturing sector in the first quarter 2021. The approved investment performance in the manufacturing sector in the first quarters of 2020 and 2022 followed a similar pattern if excluding the megaproject, with RM25.9 billion (USD6 billion) and RM30 billion (USD7.1 billion), respectively.

Of the total approved investments in first quarter 2022, FDI amounted RM26.8 billion (USD6.4 billion) or 89.3 per cent, while the remaining RM3.2 billion (USD0.7 billion) or 10.7 per cent were from domestic sources.

Expansion/diversification projects in the manufacturing sector showed positive developments, with a 106.8 per cent increase in total investments approved of RM19.2 billion (USD4.6 billion). Of the total approved investments, 90.6 per cent or RM17.4 billion (USD4.1 billion) was from foreign investment sources. This testifies investors’ confidence in Malaysia as a choice of location and to continue reinvestment in high-tech industries and benefit from the vibrant business environment and diversified domestic supply chain ecosystem that contributes significantly to Malaysia’s economy. In addition, these investments will increase management, technical and professional employment opportunities by 36.9 per cent compared to 28.9 per cent for the same period in 2021.

The ratio of employment opportunities for Malaysians to foreigners is 88:12, meeting the investment criteria set by MITI/MIDA to create more employment opportunities for Malaysians and reduce the dependency on foreign workers.

In terms of top-performing industries in January to March 2022, the electrical and electronics (E&E) took the lead (RM18.6 billion (USD4.4 billion), followed by petroleum products (including petrochemical) (RM5.1 billion (USD1.2 billion), non-metallic mineral products (RM1.9 billion (USD0.5 billion), chemicals and chemical products (RM1.1 billion (USD0.3 billion), machinery and equipment (RM0.7 billion (USD0.2 billion), food manufacturing (RM0.7 billion (USD0.2 billion) and paper, printing and publishing (RM0.3 billion (USD0.1 billion) and textiles and textile products (RM 0.3 billion (USD0.1 billion). These industries made up RM 28.9 billion (USD6.9 billion) (96.3 per cent) of total approved investments for the manufacturing sector.

The capital investment per employee (CIPE) ratio of the projects approved during the period was RM1,382,764 (USD329,229) compared to RM2,089,348 (USD503,457) during the same period last year.

A total of 21,666 job opportunities are expected to be created in the manufacturing sector, includes 1,086 managerial positions and 2,562 technical professionals such as engineers in the fields of E&E, mechanical, chemical, and other disciplines, reflecting the manufacturing sector’s higher value chain transition. Plant maintenance supervisors, tool and die makers, machinists, IT personnel, quality controllers, electricians, and welders are also among the 4,343 skilled craftsmen needed for the approved manufacturing projects.

Notable projects approved during the period include:

• TTM Technologies Malaysia Sdn. Bhd. a leading U.S. based global manufacturer of printed circuit boards (PCBs), radio frequency (RF) components and RF microwave/microelectronic assemblies is investing RM550 million (USD130 million) to manufacture PCB and printed circuit boards assembly (PCBA) in Pulau Pinang. This project will further boost Malaysia’s domestic E&E ecosystem by creating high-tech jobs for Malaysians and opportunities for local vendors.

• Petroventure Energy Sdn. Bhd. (PESB), a foreign majority owned company from Brunei will be manufacturing petroleum products in Sabah, including gasoline, kerosene, benzene, liquefied petroleum gas, acrylic, sulphur, slurry, fuel oil and diesel. This project will help Sabah’s economy to spur as the products from the refinery will create a new supply chain that will benefit many businesses. Also, the project is anticipated to create 500 potential job opportunities in the state.  

Services Sector

In the first three months of 2022, a total of 720 services projects were approved with investment valued RM12.7 billion (USD3 billion), or 29.7 per cent in the services sector compared to RM33.1 billion (USD8 billion) approved for the same period in 2021. Once implemented, these projects are expected to generate 3,219 jobs.

Based on the total approved investments for the period January to March 2022, domestic investments made up the largest portion, recording RM11.7 billion (USD2.8 billion) or 92.1 per cent of the total approved investments for the services sector, while the remaining 7.9 per cent or RM1 billion (USD0.2 billion) were from foreign sources.

The real estate sub-sector with a total approved investment of RM5.9 billion (USD1.4 billion) (46.5 per cent) leads the services sector, followed by the utilities sub-sector        RM2 billion (USD0.5 billion) (15.7 per cent), hotel sub-sector and tourism RM1.5 billion (USD0.4 billion) (11.8 per cent), financial services sub-sector RM0.9 billion (USD0.2 billion) (7.5 per cent), and global establishments sub-sector RM0.9 billion (USD0.2 billion) (7.4 per cent).

A total of two sub-sectors saw an increase in investment, namely the hotel and tourism sub-sector (581.7 per cent) and other services (70.4 per cent); and one project was approved in the health services sub-sector compared to the same period in 2021, when no approvals were recorded. This is in line with the Government’s strategy in implementing the domestic travel bubble, which aids in the growth of the hotel and tourism industries.

Primary Sector

The primary sector contributed RM169.5 million (USD40.4 million) or 0.2 per cent, of total investments approved in various sectors of the economy for the period January to March 2022 compared to RM6.2 billion (USD1.5 billion) approved for the same period last year.

Domestic investment dominated the primary sector with RM151.6 million (USD36.1 million) (89.5 per cent), while foreign investments totalled RM17.8 million (USD4.2 million) (10.5 per cent).

The agriculture sub-sector has shown a significant growth in total approved investments (RM164.2 million (USD39.1 million), up 1,327.8 per cent from RM11.5 million (USD2.8 million) for the same period in 2021. This is in line with the Securities Policy Action Plan Food 2021-2025, which was developed to strengthen the country’s supply chain and food security.

The country’s economic growth prospects for 2022 are expected to improve further, as the country transitions to the endemic phase of COVID-19 beginning April 1, 2022. According to Bank Negara, Malaysia’s economy is expected to grow between 5.3 to 6.3 per cent in 2022. Reopening international borders and the relaxation of standard operating procedures (SOPs) are expected to have a more positive impact in the country’s economic recovery.

In addition, various policies led by the Ministry, such as National Investment Aspirations (NIA), National Trade Blueprint (NTBp), New Industrial Masterplan (NIMP) and the Malaysian Digital Economy Blueprint will continue to promote investment momentum, ensuring Malaysia’s competitiveness as an investment destination of choice.

Malaysia continues to offer comparative advantages to potential investors. This is proven by the Global Opportunity Index 2022 by Milken Institute which ranked Malaysia first in emerging Southeast Asia as the country with the most potential to attract foreign investors.      

Malaysia has experienced new economic growth in 2021, with RM309.4 billion (USD74.2 billion) in approved investments in the manufacturing, services and primary sectors. Despite the unique global calamities, total FDI and DDI numbers have exceeded expectations, with stellar performance increased to 84.8 per cent from the achievement attained in 2020.

“Our efforts to keep our borders open, maintain external connectivity and ensure business continuity have given global companies the confidence to continue to site their projects in Malaysia. MITI and MIDA will continue in our efforts to identify more quality projects to be implemented in the coming years. This is something which we must strive to maintain in the years to come as the world becomes more tumultuous” added the Senior Minister.

As of 7 June 2022, there are 268 projects with proposed investments of RM14.4 billion (USD3.3 billion) in the manufacturing and services sectors that are within MIDA’s pipeline.

Moving forward, MIDA has identified 446 high-profile investment prospects including Fortune 500 companies in the manufacturing and services sectors with a combined potential investment value of RM150.4 billion (USD34.3 billion) as of 1 June 2022.     

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About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International 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 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 Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For media enquiries, please contact:

Ms. Fatmah Ahmad
Director, Corporate Communications Division, MIDA
Email: [email protected] | DL: +603-2267 2428

Malaysia Records RM42.8 billion Approved Investments For The First Quarter 2022

KUALA LUMPUR, 9 JUNE 2022 – Nextgreen Global Berhad (NGGB) held a Groundbreaking Ceremony for Phase 1B of its facility at the Green Technology Park (GTP) in Pekan, Pahang today. The ceremony was officiated by YAB Dato’ Sri Haji Wan Rosdy bin Wan Ismail, Chief Minister of Pahang. The Phase 1B facility will involve the construction of three (3) buildings that will manufacture tissue paper, animal feed and fertilisers. In terms of production, the tissue paper plant is expected to produce 10,000 metric tonnes, while the other two (2) other factories are expected to produce 30,000 metric tonness of animal feed and organic fertilisers, respectively.

The total proposed new investment for the construction of these three (3) plants is approximately RM162 million, with the breakdown as follows: –

i) Tissue Paper Plant	RM 80 Million
ii) Animal Feed Plant	RM 50 Million
iii) Fertiliser Plant	RM 32 Million

YAB. Dato’ Sri Haji Wan Rosdy bin Wan Ismail remarked, “The State Government hopes that the investment from NGGB will attract more potential investors towards environment, social and governance (ESG) centric projects in line with the Sustainable Development Goals (SDGs) for the sustainability development of Pahang state. The State Government will always provide our support and assistance in facilitating these investments for the success of the state. Through this investment, the State Government hopes to create more job opportunities and further improve the livelihood of the community and the economy of the State.”

Datuk Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) congratulated NGGB’s Management and staff, saying “In Malaysia, the pulp and paper industries are driving towards the usage of empty fruit bunches (EFB) from palm oil as it provides abundant raw materials for the production of pulp and paper. Over the last five (5) years (2017– 2021), MIDA has approved 48 biomass-related projects amounting to RM1.24 billion. MIDA will continue to facilitate our industry players and provide the necessary support to our investors, such as NGGB in realising their sustainable and inclusive investments, that will create new industry networks, positive spill-over and creation of high-value jobs aligned with our National Investment Aspirations (NIA). MIDA hopes for more industry players to participate in producing higher value bio-based products, beyond solely exporting raw materials. This provides a solution in addressing climate change while encouraging local socio-economic development.”

YH. Dato’ Baidzawi Che Mat, Chief Executive Officer of the East Coast Economic Region Development Council (ECERDC) said, “The three new investments in Phase 1B at the GTP reflects investors’ confidence to explore investments in the ECER Region in general and Pahang in particular. The emphasis on green technology ventures in GTP is in line with the SDGs, and this has been a value-add that enhances the attractiveness of the GTP to potential investors. ECERDC, MIDA, and the State Government will facilitate and support these investors’ to efficiently execute their projects for the benefit of the local community, including their applications for the ECER Incentive Package.”

In conjunction with the groundbreaking event, a Memorandum of Understanding (MOU) was also inked between NGGB and the National Farmers Organisation (NAFAS) with the aim of developing an agriculture industry that is green, sustainable and environmentally-friendly. The MOU was signed by Dato’ Lim Thiam Huat, Managing Director, NGGB and Dato’ Haji Zamri Yaakob, Chairman of NAFAS. The MOU outline several areas of strategic collaboration, including the production of organic fertilisers, eco-friendly animal feed and viable strategic investments.

According to Dato’ Lim Thiam Huat, Phase 1B of the construction reflects the company’s continuous commitment in solidifying green technology within the country and to complete part of the GTP development plan across 410 acres in Pekan, Pahang. The strategic collaboration between NGGB and NAFAS is a vital step towards aligning our agriculture industry with the national green technology agenda that is based on the Sustainable Development Goals (SDG) and further contribute towards a competitively priced national food supply.

Furthermore, the efforts initiated through the concept of ‘zero waste’ development in the GTP will support the growth of the circular economy, which is based on the concept of production and recycling waste from factories to be converted into products such as organic fertilisers and animal feed. The GTP’s waste-to-money initiative will certainly create a sustainable corporate ecosystem for the country, particularly in light of the current global economic challenges.

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About MIDA

MIDA is the government’s principal promotion agency under the Ministry of International 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 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 Twitter, Instagram, Facebook, LinkedIn, YouTube and TikTok.

About Nextgreen Global Berhad

Nextgreen Global Berhad is a Malaysia-based investment holding company. The company is dedicated to creating a sustainable green economy by integrating the production of non-wood sustainable pulp and paper with renewable energy and zero waste technology.

The company started its operations in 1982 as a printing company, offering pre-press, press and post-press services, and currently is the first magazine and book printing company listed on the Kuala Lumpur Stock Exchange. In 2015, Nextgreen diversified its business activities to the manufacturing of renewable pulp and paper products. Nextgreen is revolutionising the pulp and paper industry by integrating the production of non-wood green pulp and paper with renewable energy and zero waste technology.

Nextgreen is currently positioning Green Technology Park (GTP) located in Pekan, Pahang, to be the largest pulp and paper producer hub in Asia.

Media Enquiries:
Ms. Manjit Kaur Balkar Singh
Director, Food Technology and Resource-Based Industries Division, MIDA
Email: [email protected] | Tel: +603-2267 3509

Mr. Mohd Syarul Razi Mohd Hazmi
Special Officer to the Director of Nextgreen Global Berhad
Email: [email protected] | Tel: +6014-537 2306

Nextgreen Global Berhad Breaks Ground For its Manufacturing Plant at Green Technology Park, Pahang