UMW sells industrial land for Rm305mil

LONGI to set up operations at manufacturing park

“The addition of LONGI exemplifies the growing number of advanced manufacturing companies interested in setting up operations at UMW High Value Manufacturing Park.” Datuk Ahmad Fuaad Kenali

PETALING JAYA: UMW Holdings Bhd’s wholly owned subsidiary UMW Development Sdn Bhd has inked a sale and purchase agreement (SPA) with LONGI (Kuching) Sdn Bhd for the sale of 140 acres industrial land worth Rm304.92mil.

The land is located in the vicinity of the 861acre UMW High Value Manufacturing Park (UMW HVM) in Serendah, Selangor.

UMW said: “The strategically located and green-rated UMW HVM Park is both a managed and gated as well as guarded high-value manufacturing park equipped with infrastructure and services for manufacturing excellence.”

According to the conglomerate, UMW HVM 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,” it said in a statement.

UMW Development group director Eric Chew Kar Kean noted that currently, about 84% of the Southern Zone, a 310-acre development, 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,” he added.

The Southern Zone, a part of UMW HVM, is the home to UMW Aerospace’s Rolls-royce fan casing factory, providing a catalyst for innovation and collaboration at the park.

Meanwhile, UMW Holdings president and group chief executive officer Datuk Ahmad Fuaad Kenali said: “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.”

LONGI Green Energy Technology Co, the parent company of LONGI (Kuching), 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.

According to UMW, it is the largest producer of solar cells in Malaysia.

The purchase of the land is part of its plan to expand its operations and increase the production volume to cater to its growing demand.