According to www.mida.gov.my, TECO Group has launched a new Rm46 million armored busway manufacturing facility in Penang, Malaysia, operated by its subsidiary TECOBAR under the entity name TECOBAR SMARTPOWER SOLUTION SDN. BHD.
Strategic Expansion in Southeast Asia
The plant marks a key milestone in TECO Group’s regional growth strategy, deepening its footprint in Southeast Asia. The opening ceremony took place on 29 April 2026 in Penang and was officiated by Chairman Morris Li. Attendees included Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of MIDA Penang; Ms. Lien Yu-Ping, Representative of the Taipei Economic and Cultural Office; and Ms. Huang Hui-Ling, President of the Penang Taiwanese Business Association — alongside other government and business leaders.
Targeting High-Growth Sectors
The facility is positioned to serve emerging power infrastructure needs across ASEAN, specifically supporting AI data centres, semiconductors, and high-performance computing. According to the report, this aligns with Malaysia’s New Industrial Master Plan (NIMP) 2030, which prioritizes advancing economic complexity and integrating high growth high value (HGHV) sectors including AI data centres, semiconductors, and green manufacturing.
Leadership Perspectives
“Malaysia remains a preferred investment destination in Southeast Asia, offering a robust and well-established industrial ecosystem and a future-ready workforce. The launch of TECOBAR’s smart manufacturing facility in Penang reflects the ambitions of the New Industrial Master Plan (NIMP) 2030…” — Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA)
“Penang is a key hub for electronics and manufacturing in Southeast Asia. The establishment of this facility to produce high-quality power transmission systems will not only strengthen the capability of delivering local sourcing and local servicing to customers, but also further enhance TECO’s competitiveness in the global market.” — Morris Li, Chairman of TECO
For supply chain professionals, this development signals growing regional capacity for mission-critical power infrastructure components — reducing dependency on long-haul logistics for time-sensitive deployments in data centre and semiconductor ecosystems. Penang’s established electronics supply chain, skilled technical workforce, and proximity to major ASEAN markets support faster lead times, localized after-sales service, and enhanced supply chain resilience against geopolitical or transport corridor disruptions. As Taiwanese manufacturers increasingly anchor operations in Malaysia — a trend reinforced by MIDA’s facilitation framework — procurement and logistics teams should assess opportunities for dual-sourcing, regional vendor qualification, and just-in-time inventory models aligned with ASEAN’s expanding HGHV manufacturing base.
Source: www.mida.gov.my
Compiled from international media by the SCI.AI editorial team.
