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WHAT’S HAPPENING

View major news and upcoming events to explore Penang’s thriving key industries.

November 29, 2023 – INV New Material Technology (M) Sdn Bhd marked a significant milestone with the groundbreaking ceremony at the Penang Technology Park @Bertam in Penang, Malaysia. The ceremony was honored by the presence of key dignitaries, including the Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang, Mr. Zhou Youbin, Consul General of the People’s Republic China in Penang, and Mr. Sivasuriyamoorthy Sundara Raja, Deputy CEO of the Malaysian Investment Development Authority (MIDA).

Penang Technology Park (PTP) @Bertam, situated in the town of Bertam in Penang, Malaysia, enjoys a strategic location in close proximity to Permatang Sungai Dua and North Seberang Perai. Positioned just 23 kilometers from the North Seberang Perai Port, providing a convenient 30-minute drive, and 42 kilometers from the airport, the park is well-connected. In the past year, the PTP@Bertam has undergone significant expansion, capturing the interest of foreign enterprises exploring investment and manufacturing possibilities, supported by the robust assistance and policy advocacy of the Malaysian Investment Development Authority (MIDA) and the Northern Corridor Implementation Authority (NCIA).

INV New Material Technology (M) Sdn Bhd is the first battery separator factory established within ASEAN. The project, with a total investment of MYR 6.4 billion (constructed in two phases), aims to produce 4 billion square meters of wet-process separators and coated separators annually. The project covers an area of over 66 acres, with a total built-up area exceeding 400,000 square meters. After reaching full production capacity, INV New Material Technology (M) Sdn Bhd will become the largest low-carbon separator production base in ASEAN, contributing significantly to the global new energy industry.

The Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang stated, “The lithium-ion battery separator industry, known for its dynamism, aligns seamlessly with Penang’s core economic activities. Penang is indeed proud to be the chosen location for INV, which also signifies the confidence that foreign investors have placed in Penang. 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. I am optimistic that INV will reap a myriad of benefits from its operation in Penang, the Silicon Valley of the East.”

Chairman of INV New Material Technology (M) Sdn Bhd, 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.”

During the meeting on November 28, Chairman Chen XiuFeng and his delegations were warmly received by the Chief Minister of Penang, Right Honourable Mr. Chow Kon Yeow at the Amari Hotel in the Penang International Convention and Exhibition Centre. The Right Honourable Mr. Chow Kon Yeow emphasised on Penang’s 50 years of industrial excellence and its conducive ecosystem, and committed to uphold Penang, the Silicon Valley of the East as a sustainable investment location.

Chairman Chen XiuFeng expressed heartfelt gratitude to Chief Minister Chow and, at the same time, conveyed that Penang, as one of Malaysia’s most crucial gateways to the world, is destined to play 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.

 

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About INV New Material Technology (M) Sdn Bhd
Established in 2003, Shenzhen Senior Technology Material Co, Ltd. is a global leader in lithium battery separators, known for innovation and transformative leadership Listed on the Shenzhen Stock Exchange in 2016, the company has expanded with nine global production bases and R&D centers in Shenzhen, Osaka, and Germany. Focusing on new energy and materials, Senior offers diverse lithium battery separators. In 2022, it became the leader in global sales within the industry. Senior initiated a major project. INV New Material Technology (Malaysia) Sdn. Bhd. established on August 18, 2023, represents the first lithium battery separator factory in the ASEAN region, located at Penang Technology Park in Malaysia. This 6.4 billion Malaysian Ringgit project aims to produce 4 billion square meters of separators annually, with the first phase reaching full production in July 2025. By September, the fifth-generation super wet-method production line will be operational, boosting Malaysia’s new energy industry and contributing to global development by November 2026.

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 centres. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs) and Penang CAT Center (for talent attraction and retention). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

Media Contacts:
INV New Material Technology (M) Sdn Bhd
Datuk Ng Peng Hay
ngpenghay@gmail.com 

InvestPenang
Elaine Cheah / Michelle Goy
elaine@investpenang.gov.my / michelle@investpenang.gov.my