Hong Seng Consolidated Berhad to explore the possibilities to form a strategic partnership for the development of 5 parcels of leasehold land in Seremban, Negeri Sembilan measuring approximately 284.75 acres into Malaysia Green Valley.
MGV is envisioned to be a green industrial park designed for research and development, and manufacturing of cost-effective and sustainable renewable energy products and related supply chain businesses. The hub will build a green value chain in Southeast Asia to strengthen the clean energy value chain across the upstream, midstream, and downstream segments.
Recently, Hong Seng entered into a Memorandum of Understanding with EoCell Inc. to develop a regional manufacturing hub in Malaysia, to manufacture batteries for Electric Vehicles and progress to energy storage solutions which will eventually be supplied to EV manufacturers, assemblers, and users in the Southeast Asian region.
The group has finally, identified Negeri Sembilan as a suitable location for the purpose of the development of MGV and the Project.