KUALA LUMPUR: China-based Zhejiang Sinopont Technology Co Ltd is building its first manufacturing facility outside China in Ipoh, Perak.
Through its Malaysian subsidiary, Sinopont Everthriving (Malaysia) Sdn Bhd, Zhejiang Sinopont’s manufacturing facility in Tasek Industrial Park will commence operations immediately.
The facility will produce solar cell encapsulant film with an initial production capacity of 85 million square metres, sufficient to cater to about 10 gigawatts (GW) of demand.
Sinopont plans to gradually increase its investment in Perak, aiming to eventually produce enough encapsulant film to meet the needs of a 30 GW solar energy system.
The company said in a statement that this expansion will be executed in several stages, with production capacity steadily rising to 300 million square meters.
The partnership between Perak and Sinopont goes beyond this initial investment.
Both companies are looking at further collaboration, including potential expansion projects and creating a complete solar industry hub within Perak.
In lauding Sinopont’s investment, Perak chief minister Datuk Seri Saarani Mohamad emphasised the state’s endorsement of Perak’s business environment and joint commitment to driving economic growth while preserving the environment for future generations.
Several factors have made Perak increasingly attractive to local and foreign investors.
Improved infrastructure, a skilled workforce, and government support contributed to this rise in appeals.
These developments are well-aligned with the ‘Pelan Perak Sejahtera 2030’ plan, which prioritises initiatives that draw in investment.
Perak recognises its significant role in attracting investment, and the state agency InvestPerak is offering a ‘fast-track letter’ to expedite approvals for key projects, ensuring a smooth implementation process.
This move aligns with their goal, spearheaded by InvestPerak chief executive officer Mohamad Hashim Abdul Ghani, to collaborate with government agencies and solidify Perak as the top investment choice in the country.
Beyond immediate benefits like job creation, which is estimated at 300 positions, Sinopont’s investment is expected to have a lasting impact.
It will strengthen Malaysia’s solar panel manufacturing sector, particularly in the north, paving the way for further economic growth and development.
