IPOH, Perak, Malaysia, March 1 (Bernama) -- China-based manufacturer of solar encapsulant film, Zhejiang Sinopont Technology Co., Ltd. established its first manufacturing facility outside China in Ipoh, Perak today. The opening ceremony was officiated by the Menteri Besar of Perak State, Yang Amat Berhormat Dato' Seri Saarani Mohamad.

The opening ceremony was also attended by Perak State EXCO for Tourism, Investment, Industry and Corridor Development YB Loh Sze Yee, Chairman of Zhejiang Sinopont Technology Co., Ltd. Mr. Xianglai Cao, Director of the Malaysian Investment Development Authority (MIDA) Perak Office, Mr. Mohd Fairuz Iqbal Mohd Akhbar and and other government officials.

Zhejiang Sinopont Technology Co., Ltd. through its fully-owned subsidiary in Malaysia, Sinopont Everthriving (Malaysia) Sdn. Bhd. will immediately commence its operation in Tasek Industrial Park, Ipoh, Perak, producing solar cell encapsulant film with production capacity of 85 million square meter encapsulants to cover about 10 GW demand. Sinopont’s investment in Perak will be implemented in a few phases, and expected to reach the production capacity of 300 million square meter encapsulants to cover about 30 GW demand. Perak State and Sinopont will continue to collaborate in planning for future potential expansion projects in Perak, including potential to establish a comprehensive ecosystem for solar industry in Perak.

During Perak Menteri Besar’s investment promotion mission to the People’s Republic of China (PRC) in October 2023, Perak Investment Management Centre (InvestPerak) has signed a Memorandum of Understanding (MoU) with Sinopont Everthriving (Malaysia) Sdn. Bhd. to reinforce cooperation between both parties in ensuring project implementation in Perak including future project expansion will be successfully realized.

The Perak Menteri Besar in his opening ceremony speech mentioned “Sinopont's decision to invest in the state of Perak not only reflects the advantages of our state's business environment, but also demonstrates our shared commitment to promote economic growth while preserving the environment for future generations. Perak is now an investment destination that is increasingly attracting the interest of various investors both from domestic and foreign investors, further strengthened by the rapid growth of infrastructure, skilled workforce, and active support from the government to industry players in line with the “Pelan Perak Sejahtera 2030” agenda, which focusing on investor friendly program. These factors make Perak an attractive choice destination for companies looking for a strategic location to start and expand their business operations.”
 

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA expressed his support and excitement, saying “This collaboration between Zhejiang Sinopont Technology Co., Ltd. and Malaysia, facilitated by MIDA, reflects our commitment to reinforcing Malaysia's stature as a central hub in the global renewable energy landscape. The establishment of Sinopont’s manufacturing facility in Perak not only positions Malaysia for a more influential role in the global solar market but also leverages our strategic advantages to spur innovation and sustainable growth within the renewable energy sector. This landmark investment is in line with the objectives of Malaysia's New Industrial Master Plan (NIMP) 2030, aimed at focusing on advancing economic complexity and fostering innovation-driven growth.”

“I am confident that this venture of Sinopont will contribute to Malaysia’s ecosystem in developing the circular economy industry and will strengthen the resilience of our supply chains landscape,” added Datuk Wira Arham.

The CEO of InvestPerak, Mr. Mohamad Hashim Abdul Ghani highlighted “The investment made by the company is a testimony of strong confidence showed by foreign investors to Perak. The State government will assist, provide support, and facilitate any new investments coming to Perak. For strategic project, InvestPerak will issue a ‘fast-track letter’ to expedite approvals required by company from authorities to ensure smooth implementation of the project. InvestPerak will continuously working hand in hand with MITI and MIDA to promote Perak as the preferred investment destination in Malaysia.”

The investment by Sinopont Everthriving (Malaysia) Sdn. Bhd. is expected to create employment opportunities to about 300 Malaysian once it is running at full capacity. Through this project, Sinopont will strengthen the ecosystem of solar panel manufacturing industry in Malaysia, particularly within the Northern Region of Malaysia.

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About InvestPerak:

Perak Investment Management Centre (PIMC) also known as InvestPerak, was established in January 2006 to serve as the ‘First Point of Contact for Investors’ in the manufacturing and services sectors in Perak. It primarily acts as the principal investment promotion agency of the Perak State Government and reports directly to the YAB Menteri Besar Perak. Perak State Government have mandated InvestPerak as the secretariat for Centre of Investment (COI), which empowereds the function of InvestPerak as the facilitator in assisting investors to invest in Perak. To facilitate the implementation of investment projects in Perak, COI@InvestPerak have has the authority to issue ‘Fast-Track Letter’ for strategic projects, which put the investment projects as a priority for all relevant agencies in their approval process. Apart from that, InvestPerak complements the role that the Malaysian Investment Development Authority (MIDA) plays at the Federal Government level, in terms of investment promotion and relevant incentives offering. InvestPerak also works closely with other related government departments and agencies, business chambers and industrial associations to ensure that the industries in Perak continue to grow and flourish.
 

About Zhejiang Sinopont Technology Co., Ltd.:

Sinopont is one of the leading enterprises in encapsulant film in China. We are a solid national high-tech enterprise engaged in the research and development, production, and sales of unique polymer films. We are the only authorized manufacturer and distributor of 3M POE & EVA films worldwide. Since its establishment, the company has been committed to the research and development, production, and sales of high-end functional films, including pure POE, EVA, and white film. We are at the forefront of the industry in terms of product performance. Our products have passed the tests and certification of TUV, SGS, UL, and other professional institutions, as well as ISO9001 certification, 14000 environmental system certifications, and certification for the mark of manufactured products in Zhejiang. Since the company's inception, the total number of employees has exceeded 1,200 and the size of the company continues to grow.

SOURCE: Malaysian Investment Development Authority (MIDA)

FOR MORE INFORMATION, PLEASE CONTACT:
MIDA
Name: Ms. Siti Halimaton binti Mohd Rejab
Director of Chemical Division and Advance Materials
Tel: +603 2267 6701
Email: shalimaton@mida.gov.my
 
InvestPerak
Name: Mr. Mohamad Noor Arif Zakaria Investor Relations Manager
Tel: +6013-4475312
Email: arif@investperak.gov.my
 
Zhejiang Sinopont Technology Co., Ltd
Name: Mr. Siyu Zhai
Assistant General Manager
Sinopont Everthriving (Malaysia) Sdn. Bhd.
Tel: 05-5412255 

Email: zhaisy@sinopont.com

--BERNAMA