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PETALING JAYA (Feb 27): Ideal Property Group’s infrastructure development at the 880-acre Penang Technology Park @ Bertam has reached a milestone, with Phase 1 completed and Phase 2 currently 85% finished.
In a statement on Thursday, the full infrastructure rollout remains on schedule for completion by June.
Ideal Property Group said the industrial park is emerging as a new node within Penang’s semiconductor ecosystem, supporting the state’s participation in the global supply chain.
“Construction progress and land sales are advancing concurrently, and development is proceeding according to schedule,” said Ideal Property Group CEO Datuk Goh Teng Whoo. “Phase 1 infrastructure has been fully completed, while Phase 2 core infrastructure works have reached 85% completion,” he added.
The infrastructure package includes the upgrading of the main access road into a four-lane dual carriageway, 100ft-wide internal roads, water supply and drainage systems, power infrastructure, telecommunications services, 5G connectivity, natural gas pipelines and a 24-hour CCTV surveillance system.
Phase 2 works are expected to be completed by June, enabling incoming investors to operate within an industrial environment supported by comprehensive utilities infrastructure.
To date, more than 55% of the industrial land had been taken up, including by several China-based high-technology companies. Goh said the clustering of upstream and downstream players is gradually taking shape, forming a more integrated industrial ecosystem within the park.
Among the foreign direct investment (FDI) projects secured at the park is INV New Material Technology, a global lithium battery separator manufacturer, which is developing a 66-acre facility with a total investment of RM6.4 billion. The project is expected to create 1,500 technical jobs, with its first phase having commenced operations on June 28, 2025.
SuperSiC Malaysia, a unit of China-based Jingsheng Mechanical & Electrical, is establishing its first large-scale overseas production base at the park. The first phase is expected to deliver an annual production capacity of 240,000 silicon carbide wafers for third-generation semiconductor applications.
Trensor Electronics has committed RM100 million to set up its first overseas plant in Penang. The facility is scheduled to begin operations in 2026, with targeted annual sales of RM200 million.
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