BERTAM, December 24 – On November 29, 2023, INV New Material Technology (M) Sdn Bhd achieved a momentous milestone with the groundbreaking ceremony at the Penang Technology Park @Bertam in Penang, Malaysia. The event, graced by esteemed dignitaries including the Chief Minister of Penang, Mr. Chow Kon Yeow, marked the initiation of a MYR 6.4 billion project to establish the first battery separator factory within ASEAN. Penang Technology Park (PTP) @Bertam, strategically located in the town of Bertam, has become a focal point for foreign enterprises exploring investment and manufacturing opportunities, supported by the Malaysian Investment Development Authority (MIDA) and the Northern Corridor Implementation Authority (NCIA).
The INV New Material Technology project aims to produce 4 billion square meters of wet-process separators and coated separators annually, making it the largest low-carbon separator production base in ASEAN upon reaching full production capacity. Covering over 66 acres, with a built-up area exceeding 400,000 square meters, the factory will significantly contribute to the global new energy industry. Chief Minister Chow Kon Yeow highlighted the alignment of the lithium-ion battery separator industry with Penang’s core economic activities, expressing pride in Penang being the chosen location for INV, a testament to foreign investors’ confidence in the region.
Chairman of INV New Material Technology (M) Sdn Bhd, Mr. Chen XiuFeng, emphasized the company’s commitment to intensify efforts in developing the ASEAN market, laying a foundation for global development. He expressed gratitude to Chief Minister Chow, recognizing Penang as a crucial gateway to the world and pledging to contribute to the region’s economic development by sharing advanced technologies and expanding the company’s global presence.
