KUALA LUMPUR : NexG Bhd has announced a significant RM250 million capital expenditure to establish a high-security identity document manufacturing plant, signalling a key phase in its corporate transformation and regional expansion strategy.
The investment underscores NexG’s ambition to solidify its position as a global leader in secure identity solutions. The company, previously known as Datasonic Bhd, is executing a multi-phase transformation plan that includes capital injections, a rebranding exercise and strategic entry into high-growth international markets.
“We are actively pursuing both domestic and international investment opportunities through our group of companies,” said Executive Chairman and Group Chief Executive Officer Datuk Hanifah Noordin.
The proposed state-of-the-art facility, which will also house NexG’s new corporate headquarters, will be developed in three phases. Each phase is projected to generate between US$100 million and US$200 million (equivalent to RM421 million to RM842 million), with the final figures subject to variables such as document types, production volume, security specifications, project scale and technical complexity.
Upon completion, the plant is expected to increase NexG’s annual production capacity by approximately 50 million secure identity documents, substantially enhancing its ability to cater to rising international demand.
The initiative also aligns with NexG’s pivot towards digital manufacturing systems, intellectual property creation and data-centric security technologies, all of which support what the company describes as a “new paradigm of secure documentation.”
“We aim not only to export technology but also to empower digital sovereignty for nations requiring scalable, trusted and secure identity infrastructure,” Hanifah added.
As part of its broader investment strategy, NexG has taken significant equity positions in key strategic partners, including a 19 per cent stake in logistics provider MMAG Holdings Bhd and a 51 per cent interest in Innov8tif Holdings, a firm specialising in digital identity technology.
With a defined strategic roadmap and a robust investment approach, NexG positions itself as a regional frontrunner in secure identity solutions and a critical enabler of digital infrastructure across ASEAN and beyond.
-Business Times
