China based, INV New Material Technology (M) Sdn. Bhd., a subsidiary of Shenzhen Senior Technology Material Co. Ltd., a prominent player in the global lithium battery separator industry, has marked a significant milestone with the launch of its inaugural plant in Malaysia.
This facility located in Penang Technology Park is an RM3.2 billion first phase of the venture and will have the annual capacity to produce 1.3 billion square meters of wet-process separators and coated separators. As such, INV’s new facility is poised
to make a substantial contribution to the global new energy industry. This investment milestone is set to create up to 4,0001 jobs for Malaysians and is seen as a vision for a dynamic, cutting-edge and transformative manufacturing future in the country.
The Chairman of INV, 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”.
He also conveyed that Penang, as one of Malaysia’s most crucial gateways to the world, is destined to assume 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.
INV proudly adds Malaysia to its success story, citing the country’s well-established infrastructure, skilled workforce, and business- friendly environment. Penang, identified as an ideal location for industries at the forefront of technological progress, offers an opportunity for the local workforce to develop high industrial skills contributing to the evolving technological landscape.
