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December 3, 2024 – Iwata Japan, a global leader in the chemical and materials industry, proudly announces the acquisition of EQX Materials Sdn Bhd, which will now operate as EQX Iwata Sdn Bhd, a valued subsidiary within the Iwata group of companies. This acquisition is a strategic move to expand Iwata’s reach in Southeast Asia and Asia, enhancing its capabilities to deliver innovative solutions and advanced materials across high-demand sectors such as electronics, semiconductors, automotive, and industrial applications.

EQX Iwata’s extensive portfolio encompasses advanced materials, engineering solutions, and comprehensive supply chain management, serving over 1,000 customers in key industries. Known for its expertise in providing high-quality, sustainable materials, EQX Iwata specializes in products designed for precision applications, including adhesives, thermal management materials, and high-performance elastomers essential for sectors where reliability and performance are critical.

Dato’ Loo Lee Lian, Chief Executive Officer of InvestPenang (representing Chief Minister of Penang, Right Honorable Mr. Chow Kon Yeow), stated, “As a global destination for investors and industrial players, Penang offers unparalleled infrastructure, supply chain integration, and expertise, making it an ideal gateway for growth and expansion within the Southeast Asian and Asia region. The acquisition of EQX Materials by Iwata is the creation of a strategic alliance that combines the strengths of both entities to achieve greater outcomes and also a testament to Penang’s conducive industrial ecosystem, where businesses can expand their global footprint and achieve long-term success in a competitive market.”

As a subsidiary of Iwata Japan, EQX Iwata will leverage Iwata’s resources, technological expertise, and commitment to sustainable growth, fostering further development in product innovation and customer service excellence. This partnership will allow EQX Iwata to build on its strong foundation, expanding its impact in Southeast Asia and driving sustainable, customer-centric solutions aligned with Iwata’s environmental and ethical commitments.

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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 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 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; WhatsApp Channel; TikTok.

About Iwata Japan
Founded in 1902, Iwata Japan has evolved from a local trading company into a prominent, diversified leader in the chemicals and materials industry. With a legacy spanning over a century, Iwata operates across sectors such as electronics, automotive, medical, aerospace, and building materials, providing advanced solutions that meet the highest standards of performance, reliability, and environmental responsibility.

Iwata Japan’s comprehensive divisions include Chemicals, Plastics and Packaging, Advanced Materials, and Sustainable Building Materials. The company serves clients with more than 2,000 products from 300+ premier chemical producers, reaching over 1,000 customers across 10 countries. Iwata Japan has distinguished itself with a focus on sustainable development, embedding green procurement practices into its operations and aligning closely with the United Nations’ Sustainable Development Goals (SDGs). With headquarters in  Nagoya and regional offices across Japan and Southeast Asia, Iwata is well-positioned to support the fast-paced growth of industries requiring advanced, ethically produced materials.

A core strength of Iwata Japan lies in its innovation-driven approach, guided by the mission to “act from the customer’s standpoint to create service.” Under the leadership of CEO Dr Takuya Iwata, the company emphasizes continuous development and responsiveness to market needs. Iwata Japan not only provides high-quality products but also delivers tailored, industry-specific solutions, partnering closely with clients to address complex technical and regulatory requirements.

This dedication to innovation, customer satisfaction, and environmental stewardship has positioned Iwata Japan as a trusted, globally respected partner across multiple industries. Through the recent acquisition of EQX Iwata Sdn Bhd, Iwata Japan continues to expand its impact, strengthening its presence in Asia and Pacific countries and enhancing its ability to deliver world-class solutions in line with its ethical and sustainable growth commitments.

For more information, please contact:

InvestPenang
Elaine Cheah / Arief Ferdaus
Communications & Business Intelligence
T: +604-646 8833
E: elaine@investpenang.gov.my / arief@investpenang.gov.my

EQX Iwata
Geraldine Khoo
Executive Director
T: +6012-4078661
E: geraldine.khoo@eqxglobal.com