14 October, JOHOR BAHRU – Integrated industrial space solutions provider AME Elite Consortium Berhad (AME, the Group, Bloomberg: AME:MK; Reuters: AMEE.KL) clinched a RM98.8 million land and building contract to build V.S. Industry Berhad’s (VS) facilities in i-Park@Senai Airport City (Phase 3).
AME unit Ipark Development Sdn Bhd (Ipark) entered into Sale and Purchase and Construction Agreements with VS for the sale of six pieces of land of approximately 413,682 sq ft with industrial buildings in Senai, Johor. The industrial buildings comprise a single-storey detached factory with two-storey office block, and a single to three-storey industrial building with two-storey office block.
Upon estimated completion by 30 June 2021, these additional facilities would increase the EMS’ player’s production land area by almost 25% to 50 acres in Malaysia.
VS is one of the top five EMS players in South East Asia, with manufacturing facilities currently located in Malaysia, Indonesia and China; and serves EMS requirements of multinational corporations across the globe. VS’ Malaysia premises are located in Senai, close to AME’s i-Park@Senai Airport City.
“This domestic direct investment (DDI) within our i-Park industrial park from a world-renowned EMS player is a vote of confidence for our top-notch facilities that are able to support their high-capacity requirements. Moreover, our encompassing ‘design-and-build’ capabilities allow us to customise to their exacting requirements and complete the delivery within a relatively short period.
It has always been our vision to partner with growth-centric players, be it from Foreign Direct Investment or DDI, and we are pleased to support the expansion of another EMS player into i-Park@Senai Airport City.” – Kelvin Lee Chai; Group Managing Director, AME Elite Consortium Berhad
i-Park@Senai Airport City, launched in 2017, is an award-winning, gated and guarded full-service industrial resort in Johor spanning an area of 189 acres. It is home to numerous next-generation Malaysian and international companies across various sectors, including precision engineering, pharmaceutical, manufacturing, logistics, assemblies, plastic injection moulding, packaging, trading, warehouse/storage, electrical and electronics (E&E) manufacturing, research and development, green energy technology, and others.