Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its 3rd manufacturing plant
CHIN Hin Group Bhd, Malaysia's leading integrated constriction conglomerate, has inked a memorandum of understanding (MOU) with Jiangsu Teeyer Intelligent Equipment Co Ltd, a leading global provider of autoclaved aerated concrete (AAC) production systems listed on the Shanghai Stock Exchange.
The MOU entered into through the group's wholly-owned subsidiary Starken AAC Sdn Bhd signifies Chin Hin's strategic expansion into its third AAC manufacturing facility which is set to be situated adjacent to the group's existing factory in Serendah, Selangor.
Scheduled for full production by May 31 next year, the new facility will significantly elevate the Chim Hin's production capabilities by adding a capacity of over one million cubic metres per year.
Listed on the Shanghai Stock Exchange with a RM3.2 mil market capitalisation, Teeyer is globally acclaimed for its expertise in AAC production systems.
With over 35 years in the industry and having exported nearly 150 production lines to over 20 countries, Teeyer is recognised for pioneering technological advancements such as the MES system for precise production management and being the first Chinese company to localise AAC cutting machinery.
Currently, Chin Hin's two existing AAC plants have a combined production capacity of about 1.2 million cubic metres.
With the addition of this third facility, the group's total AAC production capacity will rise to over 2.2 million cubic metres annually, hence further consolidating its leadership in the building materials industry.
'This strategic partnership with Teeyer is a significant milestone for Chin Hin as it substantially enhances our production capabilities and strengthens our competitive edge in the market,' commented Chin Hin Group's CEO (Building Materials Division) Ng Wai Luen.
'Moreover, Teeyer's extensive global experience and technological expertise align perfectly with our growth strategy to meet rising demand for sustainable and high-quality building materials in Malaysia and beyond.'
To-date, Chin Hin has continued its commitment to innovation and sustainable growth by reinforcing its leadership position in Malaysia's integrated building materials industry.
This collaboration aligns with the group's on-going efforts to invest in advanced manufacturing capabilities, driving operational efficiency and responding to the increasing market demand for environmentally friendly construction materials.
At the close of today's (June 12) market trading, Chin Hin Group was up 3 sen or 1.44% to RM2.12 with 245,600 shares traded, thus valuing the company at RM7.51 bil. – June 12, 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malaysia Sun
2 hours ago
- Malaysia Sun
Economists see Malaysia's ringgit upside in H2 as U.S. dollar softens
KUALA LUMPUR, June 30 (Xinhua) -- Economists have foreseen room for the local currency Malaysian ringgit (MYR) to gain amid U.S. dollar (USD) softness in the second half of 2025. OCBC Bank said in a recent note that its projection for a firmer MYR in the second half takes into consideration both domestic and external factors. On the domestic front, supportive drivers include robust foreign direct investment inflows, prospects of continued foreign fund inflows, current account surplus, and commitment to follow through fiscal consolidation, which also provides reassurance to investors. In terms of external factors, the soft USD trend is likely intact, while a more sustained economic turnaround for the Chinese economy, and recovery in sentiment and confidence in Chinese assets, including the Chinese currency RMB, can have positive spillover effects onto MYR from investment, trade and sentiment channels. According to the bank, the Malaysian ringgit has appreciated about 5.5 percent versus USD year to date. The broad USD sell-off and a steady RMB were some of the key drivers alongside tariff de-escalation. Meanwhile, Hong Leong Investment Bank Research said in a recent note that going into the second half, it expects capital inflows to remain bumpy given the continued uncertainty surrounding tariffs, geopolitical tensions and other policy responses. TA Securities also said in a note that the ringgit is expected to strengthen gradually, averaging MYR 4.20 against the USD this year and trending towards a low of MYR 4.10 in late 2025.
The Sun
4 hours ago
- The Sun
INV New Material Technology's launch of Penang facility big boost for Malaysia's regional EV hub ambitions
PETALING JAYA: Malaysia has taken a major leap forward in its ambition to become Southeast Asia's leading electric vehicle (EV) with the official launch of INV New Material Technology Sdn Bhd's cutting-edge lithium-ion battery separator facility at Penang Technology Park@Bertam, Kepala Batas. The RM3.2 billion investment establishes Malaysia's first commercial facility of its kind, positioning the country as the region's largest producer of battery separators. The ceremony was officiated by Penang Chief Minister Chow Kon Yeow on Friday. The newly launched facility will produce 1.3 billion square metres of wet-processed and coated lithium-ion separators – an essential component in EV battery manufacturing. The project has generated over 2,000 job opportunities, including more than 550 high-skilled technical roles with wages exceeding RM3,000 per month. It serves as a launchpad for technology and knowledge transfer, equipping Malaysian talent with practical exposure to advanced equipment, structured training programmes and collaboration with global experts. This holistic approach significantly upskills the workforce in advanced materials and engineering plastics, cultivating a future-ready talent pipeline vital for Malaysia's long-term growth in the EV and high-tech sectors. Malaysian Investment Development Authority CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said, 'The launch of INV New Material Technology's facility marks a transformative step in Malaysia's electric vehicle journey. Anchored in the New Industrial Master Plan 2030 and the Chemical Industry Roadmap 2030, this investment bridges a critical gap in our EV ecosystem and embeds advanced materials into our supply chain. It sets a new standard for high-tech manufacturing, while strategically catalysing broader industrial growth, and attracting more global and local players to strengthen Malaysia's position in the global EV value chain.' INV New Material Technology (M) Sdn Bhd CEO Liu Rui said they are honoured to be part of Malaysia's journey in building a robust, forward-looking electric vehicle ecosystem. 'This facility is not just an investment in infrastructure, but a long-term commitment to sustainability, innovation, and talent development. Malaysia offers the strategic advantages, talent pool, and government support we need to make this vision a reality, and we are proud to call it home to our first facility in the Asean region.' INV's plant also sets a benchmark in Industry 4.0 adoption. The facility integrates advanced automation, smart manufacturing systems, and digital technologies to maximise operational efficiency, enhance precision, and promote sustainable practices. It stands as a model for responsible, future-forward manufacturing– a clear signal of Malaysia's readiness to lead the next wave of industrial transformation. With this milestone, Malaysia further cements its position as a dynamic and trusted destination for high-value EV manufacturing and next-generation technology investments. INV New Material Technology, established in August 2023, is the Malaysian subsidiary of Shenzhen Senior Technology Material Co Ltd. The Penang plant marks the company's first foray into manufacturing in Malaysia.
The Sun
5 hours ago
- The Sun
China to keep anti-dumping steel duties on EU, UK, S. Korea and Indonesia
BEIJING: China will maintain duties on certain steel products from the European Union, the United Kingdom, South Korea and Indonesia, its commerce ministry said Monday, as overcapacity concerns drive global trade turbulence. The duties on stainless steel billets and hot-rolled plates, first levied by Beijing in 2019, range from 20.2 percent for Indonesian imports to 43 percent for those from the EU. China's commerce ministry said that an internal investigation found the potential termination of the anti-dumping duties could still cause 'damage' to the domestic stainless steel industry. Authorities will therefore continue to impose duties on products from the three countries and the European bloc 'for a period of five years starting from July 1', the ministry said in a statement. China, the world's largest steel producer, first took the measures in response to tariffs imposed on it by the United States during Donald Trump's first presidential term. The US tariffs were motivated by fears in Washington and among its allies that unfair industrial policies in China had led to a global glut of cheap exports, threatening to undercut local producers. Since returning to office in January, Trump has sent the world economy into a tailspin with a tariff blitz that has hit Chinese exports particularly hard. Trade tensions between the world's top two economies remain high despite China and the United States reaching a temporary truce to the tariff war this month.
