^{(left to right):  Dato’ Ahmad Fuaad Kenali, Mohd Hasry Nor Mohd, Eric Chew Kar Kean, Dato’ Hasan Azhari Idris, Ngieng Sii Jing, Sikh Shamsul Ibrahim and Ng Yong Khoi (Planning and Operations Director, LONGI).}


KUALA LUMPUR, Sept 1 (Bernama) -- UMW Development Sdn. Bhd, a wholly owned subsidiary of the UMW Group, on 30 August 2022 signed a Sale and Purchase Agreement (“SPA”) for the sale of 140 acres of land at the UMW High Value Manufacturing Park (“UMW HVM Park”) in Serendah to LONGI (Kuching) Sdn. Bhd. for RM304.92 million.
 
The strategically located and green-rated UMW HVM Park is both a managed and gated & guarded high value manufacturing park equipped with infrastructure and services for manufacturing excellence.  The 861-acre site offers a secured and integrated Industry 4.0 infrastructure and technologies.  The park also integrates sustainability into its design, embedding environment-friendly and energy-efficient technologies and solutions.
 
LONGI is the world’s largest manufacturer of monocrystalline silicon wafers and is listed on the Shanghai Stock Exchange.  LONGI (Kuching) commenced operations in 2016 and is involved in the manufacture and sale of solar ingots, solar wafers, solar cells and solar modules.  It is the largest producer of solar cells in Malaysia.  The purchase of land at UMW HVM Park is part of its plan to expand its operations and increase the production volume to cater to its growing demand.    
 
The SPA was signed by Eric Chew Kar Kean, Group Director, UMW Development Sdn. Bhd. and Ngieng Sii Jing, Chief Executive Officer, LONGI (Kuching) Sdn. Bhd., and was witnessed by Dato’ Ahmad Fuaad Kenali, President & Group Chief Executive Officer, UMW Holdings Berhad and Ng Yong Khoi, Planning & Operation Director, LONGI.  Also present at the signing ceremony were Sikh Shamsul Ibrahim, Executive Director, Investment Promotion, Malaysian Investment Development Authority (“MIDA”), Dato’ Hasan Azhari Idris, Chief Executive Officer, Invest Selangor and Mohd Hasry Nor Mohd, President, Hulu Selangor Municipal Council.
 
Eric Chew, Group Director, UMW Development Sdn. Bhd. remarked, “We are pleased to welcome LONGI to UMW HVM Park, a managed and green-rated high value manufacturing park.  At present, about 84% of the Southern Zone has been taken up, with 40 companies committed to set up their manufacturing operations at the park.  We are also ready to support their automation requirements by working closely with the UMW Group to provide the required products, services and solutions.” 
 
Dato’ Ahmad Fuaad Kenali, President & Group Chief Executive Officer, UMW Holdings Berhad stated, “The addition of LONGI exemplifies the growing number of advanced manufacturing companies interested in setting up operations at UMW HVM Park which is also home to our UMW Aerospace – Malaysia’s first Tier 1 fan case supplier to Rolls-Royce.  We would like to thank LONGI for selecting UMW HVM Park as the preferred site for their business expansion, perhaps due to its strategic location and available facilities.  We would also like to put on record our sincere appreciation to MIDA, Invest Selangor and the Hulu Selangor Municipal Council for their continuous support of UMW HVM Park.” 

About UMW
 
The UMW Group is a regional corporation that develops industries, manages partnerships and facilitates growth.  It is involved in four core business segments – Automotive, Equipment, Manufacturing & Engineering and Aerospace.  The Group operates in 8 countries and has over 18,000 employees, including at Perodua.
 
Moving forward, UMW strives to play a leading role in shaping the future of its industries.  The Company will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of all its stakeholders.

Source: UMW Corporation Sdn. Bhd.

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: S Vikneshwaaran
General Manager – Group Investor & Media Relations
UMW Corporation Sdn. Bhd.
Tel: +6019 850 5799
Email: vikneshwaran.s@umw.com.my

--BERNAMA