Latest news with #RM125.46
The Sun
a day ago
- Business
- The Sun
Maybank grants US$150m green loan to Austria's AT&S
KUALA LUMPUR: Malayan Banking Bhd (Maybank) is granting a sustainability-linked loan (SLL) amounting to US$150 million (RM638 million) to Austria Technologie & Systemtechnik Malaysia Sdn Bhd (AT&S). In a statement yesterday, the bank said the landmark transaction marks the first SLL issued by a Malaysian and Southeast Asian commercial bank to AT&S, and the first such facility by a local lender to a multinational company in Malaysia's semiconductor sector. Maybank said the financing would support the development of AT&S's first high-end integrated circuit (IC) substrate plant at Kedah's Kulim Hi-Tech Park that will include state-of-the-art equipment and closed-loop recycling systems, adhering to AT&S's comprehensive sustainable energy framework. The facility will produce advanced IC substrates, essential components to meet surging demand for high-performance data processors, data centres, and artificial intelligence (AI) infrastructure. The targets attached to the SLL include reducing annual greenhouse gas emissions by 31% by March 31, 2028, using fiscal year 2022 as the baseline. Maybank Global Banking Group CEO Datuk John Chong said from 2021 to the end of the first quarter of 2025, Maybank mobilised RM125.46 billion in sustainable finance across Asean, surpassing its RM80 billion target by 2025. 'We are pleased to support AT&S in developing its first IC substrate facility in Kulim, a project that not only marks a significant milestone for the company but also further reinforces Malaysia's position in the global semiconductor value chain. 'The financing aligns with our strategic focus on the semiconductor ecosystem in Southeast Asia, where we have identified financing opportunities,' he said. AT&S president/CEO Michael Mertin said the company's sizable investment of over US$1 billion in Malaysia follows the demand from its global clients, and reflects its confidence in Malaysia's semiconductor ecosystem and its growth trajectory. 'It also aligns with the ambitions of Malaysia's National Semiconductor Strategy and the New Industrial Master Plan 2030 to position the country as a leading hub for advanced manufacturing,' he said. – Bernama
New Straits Times
23-06-2025
- Business
- New Straits Times
Maybank supports CP Group's Altervim with first green loan in Malaysia
KUALA LUMPUR: Maybank is supporting Altervim, the renewable energy arm of Thailand's Charoen Pokphand Group (CP Group), as it makes its debut in Malaysia with its first green loan in the country. As the sole bilateral lender, Maybank is financing Altervim's rooftop solar initiative, reflecting the bank's broader commitment to driving the energy transition and sustainability agenda across Asean. In the initial phase, solar panels will be installed across 28 Lotus's Malaysia outlets, delivering up to 20 MW of installed capacity. The project is expected to produce 24.65 million kWh of clean energy annually and reduce 433,958 tonnes of CO₂ emissions over its lifetime. Datuk John Chong, group chief executive officer (CEO) of Global Banking at Maybank, said, "We have a longstanding relationship with the CP Group in the Asean region and a shared vision of accelerating the transition to a low-carbon economy. We are proud to support Altervim's foray into Malaysia while contributing to the government's energy transition agenda to increase the renewable energy mix. The financing facility to Altervim is structured according to Maybank's Sustainable Product Framework and adds to the bank's growing portfolio of sustainable finance." As of the first quarter of 2025, Maybank has mobilised RM125.46 billion in sustainable finance across the region, surpassing its original RM80 billion target set for 2025. Borvorn Pienpongpanich, the chief financial officer of Altervim, said the facility marks a key milestone for the company. "This green loan from Maybank represents a strategic partnership that empowers our clean energy vision across the region. Malaysia is one of the key growth markets for Altervim, and this facility enables us to expand faster, deliver real carbon savings, and help businesses reduce their energy costs with green energy. We value Maybank's strong support and look forward to working together in building a more resilient and sustainable future." The project is part of both companies' shared commitment to accelerating decarbonisation and promoting sustainable development across Southeast Asia.
