Penang welcomed a major milestone in its industrial progress yesterday as battery producer INV New Materials Expertise (M) Sdn Bhd formally launched its first manufacturing facility on the Penang Expertise Park@Bertam, Kepala Batas.
The Malaysian subsidiary of Shenzhen-based Senior Expertise Materials Co Ltd—famend for its experience in lithium-ion battery separator know-how—was established in August 2023. The brand new state-of-the-art plant marks the corporate’s first foray into manufacturing in Malaysia.
Officiated by Penang Chief Minister Chow Kon Yeow, the opening ceremony drew consideration to the power’s potential as a regional game-changer. INV chairman Datuk Chen XiuFeng revealed that the corporate is investing RM6.4 billion within the facility, which is slated to be totally operational by June 2027.
“At full capability, the plant will produce 2 billion sq. meters of high-performance battery separators yearly, focusing on a 15% world market share,” mentioned Datuk Chen. “This would be the largest low-carbon separator plant in ASEAN and a key enabler of the worldwide vitality transition.”
Chow lauded the speedy improvement of the mission, noting its transformation because the groundbreaking in November 2023.
“INV’s presence enhances Penang’s inexperienced know-how and vitality ecosystem. With purposes in EVs, aerospace, vitality storage, and electronics, this facility represents a serious leap ahead,” he mentioned.
He additionally highlighted the plant’s potential to generate 1,200 expert jobs, aligning with the state’s imaginative and prescient to strengthen high-value industries and nurture native expertise.
Chow reiterated the state’s dedication to supporting technology-driven investments consistent with nationwide roadmaps like NIMP 2030 and the Nationwide Semiconductor Technique.
“We’re additionally actively enhancing infrastructure, connectivity, and livability to make sure sustainable, inclusive progress in hubs like Bertam,” he concluded.
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