INV Breaks Ground its RM3.2 Billion Phase 1 Lithium Batteries Separator Project in Penang
Penang, 1 December 2023 – In a groundbreaking event held recently, INV New Material Technology (M) Sdn. Bhd., a subsidiary of Shenzhen Senior Technology Material Co. Ltd., a prominent Chinese company in the global lithium battery separator industry, has marked a significant milestone with the launch of its inaugural plant in Malaysia. This move solidifies Malaysia’s position as the first-of-its-kind facility in Southeast Asia. Nestled in the Penang Technology Park, the RM3.2 billion first phase of the venture will have the annual capacity to produce 1.3 billion square meters of wet-process separators and coated separators. As such, INV’s new facility is poised to make a substantial contribution to the global new energy industry.
Penang Chief Minister, YAB Chow Kon Yeow expressed, ‘‘The success of INV in Penang is attributed to the collaborative synergy between the government and the private sector. This collaborative approach underscores the significance of a strong relationship between both sectors for the prosperity of our state. The Penang State Government is dedicated to providing essential support, with a keen focus on fostering an environment where collaborations between the public and private sectors can flourish. As we look ahead, the Penang State Government eagerly anticipates increased foreign investments, affirming our commitment to creating an environment conducive to global businesses seeking growth and success within our borders.” YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry (MITI), lauded INV’s milestone, stating, “INV’s new Penang plant contributes to the realisation of the strategic vision of the New Industrial Master Plan (NIMP) 2030 and the Chemical Industry Roadmap 2021-2030. The entry of yet another major EV component producer is a big boost to our ambition to make Malaysia a regional EV hub. As INV also leverages on Malaysia’s established specialty plastics ecosystem, MITI and its agency, MIDA look forward to facilitating the convergence of different industrial sectors, to spur cross-sectoral growth and innovation. This investment milestone will not only create up to 4,0001 jobs for Malaysians, but also go a long way towards fulfilling our vision for a dynamic, cutting-edge and transformative manufacturing future.”
Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of MIDA, commended INV for the groundbreaking ceremony. “The establishment of INV’s manufacturing facility here, marks Malaysia as one of the largest lithium-ion battery separators in South East Asia. This facility stands as a potential model, breathing new life into the current plastic industry. This could lead to a transformative shift in the plastic sector, redirecting focus from commodities and household items towards the production of specialised engineering plastics tailored for high-end applications. MIDA is deeply committed to attracting high-quality investment, fostering a resilient cross-sector manufacturing supply chain ecosystem in Malaysia.”
The Chairman of INV, Mr. Chen XiuFeng stated, “As a leading enterprise in the separator industry, we will further intensify our efforts in developing the ASEAN market, laying a solid foundation for global development, bringing intelligent manufacturing beyond our borders, and injecting new vitality into the economic development of the ASEAN region”.
He also conveyed that Penang, as one of Malaysia’s most crucial gateways to the world, is destined to assume a significant role in the country’s future development. As a leading entity in the new energy sector and a standout player in this industry, the company is committed to sharing advanced technologies beyond national borders and expanding its presence in the global arena.
In an era of technological advancement, Shenzhen Senior is dedicated to advancing new energy and material technologies. INV proudly adds Malaysia to its success story, citing the country’s well-established infrastructure, skilled workforce, and business-friendly environment. Penang, identified as an ideal location for industries at the forefront of technological progress, offers an opportunity for the local workforce to develop high industrial skills contributing to the evolving technological landscape.
1This was mentioned in an earlier Press Release: https://theedgemalaysia.com/node/682816
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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.
About INV New Material Technology (M) Sdn. Bhd.
INV New Material Technology (M) Sdn. Bhd. is the first subsidiary of Shenzen Senior Technology Material Co., Ltd. in Malaysia. Specializing in the technological advancement of new energy and materials, Senior has introduced a range of diverse lithium battery separators in 2022, emerging as a global leader in industry sales. The establishment of INV in Penang, Malaysia signifies the inauguration of the first lithium battery separator factory in the ASEAN Region. The facility is scheduled for completion by July 2025, with the fifth-generation super wet-method production line set to be fully operational by September 2025. For media enquiries, please contact:
MIDA
Pn. Siti Halimaton Mohd Rejab
Director, Chemical & Advanced Materials Division, MIDA
Email: [email protected] | Tel: +603- 22676701
INV New Material Technology (M) Sdn. Bhd.
Datuk Ng Peng Hay
Senior Advisor, INV Material Technology (M) Sdn. Bhd.
Email: [email protected] | Tel: +604-5669888
