News about industrial

“People now see that Malaysia is an attractive destination,” he said, noting that companies have already diversified their risks, and will continue to value locations that offer stability, should similar disruptions recur.

Rising project costs were a recurring theme, with several noting that higher electricity tariffs, operational expenses, labour constraints, and utility charges could erode Malaysia’s competitiveness against regional markets such as Vietnam and Indonesia.

EdgeProp’s Industrial Special Report, launched in Taipei, previewed Malaysia’s evolving industrial roadmap, outlining how the country is reshaping its manufacturing base to stay competitive amid global realignments.

Group managing director Datuk Seri Yap Ngan Choy said the collaboration reflects NCT Group’s efforts to strengthen the park’s operational backbone and support investor scalability.

“This will in turn pave the way for new business opportunities, including the provision of permanent carbon dioxide (CO2) capture and storage services.

The property, comprising a double-storey factory and single-storey office, is being sold by its wholly owned subsidiary Berjayapak Sdn Bhd to General Point Asset Sdn Bhd.

The pharmaceutical group said the purchases will be funded by proceeds raised through its regularisation plan, which is part of the group’s strategy to strengthen its logistics infrastructure and expand distribution capacity across the east coast of Peninsular Malaysia as well as Sabah and Sarawak.

The two leasehold parcels have a combined area of approximately 17,013 sq m and include two factory buildings which are fully occupied.

EBP 7 is 55% owned by Eco World Development Group Bhd (KL:ECOWLD), 30% by SD Guthrie, and 15% by Negeri Sembilan state agency NS Corporation.

Under the SPA, Pharmaniaga Logistics has already paid a 10% deposit of RM3 million, with the remaining RM27 million to be settled in installments as stipulated in the agreement.