KTC buys RM40mil plot in Sabah industrial hub
KOTA KINABALU: Kim Teck Cheong Consolidated Bhd (KTC) has made heads turn with the acquisition of land worth RM40 million here.
The six-hectare plot at the Kota Kinabalu Industrial Park (KKIP) will be for the development of KTC Industrial Park, the group's integrated hub for operations, logistics, and manufacturing.
KTC executive director Datuk Dexter Lau said move is expected to elevate the company's annual revenue of RM1.5 billion to RM1.6 billion, strengthening it's position a leading fast-moving consumer goods (FMCG) distributor in East Malaysia.
"This strategic investment also marks a major milestone in the group's long-term growth strategy and is expected to support its expansion plans for the next five years," Lau said of the land in the heart of the industrial zone.
The development is expected to improve operational efficiency, streamline supply chain capabilities, and further strengthen KTC's presence in both existing and new markets across Malaysia, he added.
"The KTC Industrial Park is also set to become one of the largest FMCG distribution centers in the region, designed to efficiently serve markets in Sabah, Sarawak, Brunei, and Indonesia.
"This investment is a strategic move that puts us on the path of sustainable growth and provides the space and infrastructure needed to meet growing demand while serving our business partners more effectively," he said, when announcing the acquisition here.
Lau also said that KTC had surpassed RM1 billion in revenue as of June this year and continues to be on a strong growth trajectory.
He added that KTC's total operational footprint currently covers 500,000 square feet.
"We will commence construction of the KTC Industrial Park in KKIP as soon as possible, with a total investment of RM100 million.
"The industrial park is expected to generate 500 new jobs, and we will prioritise hiring locals from underprivileged backgrounds to support the government's efforts in eradicating poverty," he said.
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