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Malaysia News

Mergers & Acquisitions;Industrial Goods
Mergers & Acquisitions;Industrial Goods

Taiwanese conglomerate TECO acquires major stake in Dynaciate to anchor regional AIDC supply chain

TECO Electric & Machinery Co., Ltd. has completed a $50.8 million acquisition of a 78% stake in Malaysia's Dynaciate Engineering. The strategic transaction shifts the company's manufacturing footprint to Johor Bahru, accelerating artificial intelligence data center deployment and modular industrial engineering across Southeast Asia.

Malaysia | 2 days ago
Oil & Gas
Oil & Gas

HHI selects Wärtsilä Gas Solutions for Malaysian VLEC project technology

Wärtsilä Gas Solutions has secured a contract from Hyundai Heavy Industries (HHI) to supply critical cargo and fuel gas systems for two Very Large Ethane Carriers. The vessels, commissioned for a Malaysian owner, underscore the ongoing demand for specialized gas transport infrastructure and the consolidation of engineering standards within high-capacity maritime logistics.

1 month ago • Finland;Korea (South);Malaysia
Power & Utilities
Power & Utilities

IFC commits $125 million to OCI TerraSus for Sarawak polysilicon facility

The International Finance Corporation has provided a $125 million loan to OCI TerraSus to develop a semiconductor-grade polysilicon manufacturing plant in Bintulu, Sarawak. The facility, powered by renewable energy, will be Southeast Asia's first ultra-high purity polysilicon plant, supporting Malaysia's semiconductor supply chain ambitions.

2 months ago • Malaysia
Oil & Gas
Oil & Gas

Handal Energy and BumiRaya Petroleum form strategic SPV to consolidate regional offshore lifting market

Handal Energy Berhad has entered a 60:40 joint venture with BumiRaya Petroleum to establish a dedicated entity for offshore crane services. The partnership leverages Handal’s manufacturing infrastructure and BumiRaya’s regulatory certifications to capture growing demand for specialized lifting and maintenance solutions within the regional energy sector.

2 months ago • Malaysia
Hospitals & Healthcare
Hospitals & Healthcare

KJTS Group secures RM 13.5 million ACMV contract for Cengild Specialist Hospital

KJTS Group Berhad, through its subsidiary, has secured a RM 13.5 million contract for air conditioning and mechanical ventilation works at Cengild Specialist Hospital in Kuala Lumpur. The project involves decommissioning legacy systems and installing new infrastructure, marking a strategic expansion of the firm’s specialized engineering footprint within the Malaysian healthcare sector.

3 months ago • Malaysia

Latest News

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.

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