Sabah poised for major industrial expansion
KTC executive director Lau said the strategic location in KKIP will strengthen logistics infrastructure and streamline supply chain operations.
KOTA KINABALU: A new integrated industrial hub will soon rise in the Kota Kinabalu Industrial Park (KKIP), aimed at enhancing logistics, warehousing and distribution capacity in Sabah and the wider East Malaysian region.
The development, set on a newly acquired 15-acre site worth RM100mil, is expected to increase operational capacity by 40% and create at least 500 new jobs, with priority given to local hires from underprivileged backgrounds.
'This is part of our commitment to support government efforts in tackling poverty and promoting inclusive economic growth,' said Kim Teck Cheong Consolidated Bhd (KTC) executive director, Datuk Dexter Lau.
The upcoming facility, to be known as the KTC Industrial Park, will function as the largest fast-moving consumer goods distribution centre in the region, designed to serve markets in Sabah, Sarawak, Brunei and Indonesia.
Lau said the strategic location in KKIP will strengthen logistics infrastructure and streamline supply chain operations, allowing the group to better meet growing market demand.
'Our focus is on long-term growth and operational excellence, and this development marks an important milestone in our five-year expansion plan,' he added.
As of June, the company had already recorded over RM1bil in revenue.
With the expansion, annual earnings are projected to grow by 50%, reaching up to RM1.6bil.
An additional RM10mil investment has also been approved for operations in Sarawak, which Lau said is expected to contribute 10% to overall regional revenue growth, with Sabah expected to add 40% over the next two to three years.
Lau added that the company's total workforce is expected to reach 2,000 across Malaysia and Brunei within a year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Borneo Post
4 hours ago
- Borneo Post
SSB Sibu appeals for public support to cover monthly operational cost
SSB Sibu Branch in urgent need of funds to support registered beneficiaries and cover operational costs of the care centre. SIBU (June 13): The Sarawak Society for the Blind (SSB) Sibu Branch is appealing for continued public support as it faces a monthly operational need of approximately RM13,000. The branch's vice-chairperson Datin Sri Judy Lau said the funds are essential to cover living allowances for its registered blind members and maintain the daily operations of its care centre. According to her, each registered blind individual currently receives a monthly living allowance of RM100 to help cover basic daily necessities. 'At present, there are about 80 registered recipients from the central region of Sarawak. At one point, the number had exceeded 100 individuals,' she told a press conference following a management meeting with the association on Thursday. The SSB care centre, which is operated by the branch, currently employs three full-time staff and houses one full-time resident. In the past, the centre also provided massage therapy training for the visually impaired. 'Today, many of them have become independent and are able to work on their own. 'Nevertheless, we continue to provide monthly living allowances,' Lau noted. She added that when the centre receives donated items such as rice or other essentials, these are distributed to eligible recipients. 'Every month, recipients will come to the centre to collect their allowances and any available aid,' she explained. Lau highlighted that anyone certified as blind by the Social Welfare Department (JKM) is eligible to register as a member of the society and receive the benefits provided. The Sarawak Society for the Blind (SSB) Sibu Division Branch will hold its 47th annual Open Day cum charity sale on October 12, from 7am to 12 noon, at the Sibu Blind Centre. According to organising committee chairperson Datin Sri Judy Lau, the fundraising target for this year remains at RM150,000 – the same as last year's benchmark. 'We hope the event will receive strong support and participation from the public, just as it has in previous years, so we can achieve our fundraising goal,' she said at a press conference, following a preparatory meeting on Thursday. Last year's event exceeded expectations by raising RM180,000, surpassing the original target, she revealed. Lau also expressed her gratitude to donors and supporters who have consistently contributed to the association's charitable efforts. This year's event will feature around 30 stalls, with the primary focus on food sales. In addition, a variety of items including daily necessities, ink paintings, decorative plants, and other goods will be available for purchase. To boost engagement, the organising committee is introducing two awards – 'Best Decorated Stall' and 'Top Fundraising Unit'. 'At the moment, charity sale tickets are being printed and will be distributed to confirmed participants and made available to the public soon,' Lau noted. Those interested in purchasing charity sale tickets may contact SSB Sibu Branch treasurer Lang Jai Lee on 016-8866886. operational cost public support Sarawak Society for the Blind Sibu SSB
The Sun
5 hours ago
- The Sun
LUNAS strengethens strategic partnership with STM Turkiye at LIMA'25
KUALA LUMPUR: Lumut Naval Shipyard Sdn Bhd (LUNAS) continues its drive to be a major national defence industry player by signing a memorandum of understanding (MoU) with famous Turkish defence engineering firm Savunma Teknolojileri Muhendislik ve Ticaret A.S. (STM). Its chief executive officer (CEO) Azhar Jumaat said the strategic partnership would serve as a new chapter for modernising naval platforms and development of future generation of vessels by raising LUNAS' technical capabilities. 'This network will strengthen the country's efforts to improve its maritime defence competitiveness through technology transfer, local development capabilities and innovation with trusted global partners. 'The partnership will make LUNAS a more competitive government-related strategic asset and improve the aspirations of Malaysia MADANI that focus on modernisation, competitiveness and global involvement in the development of national industries,' he said in a statement today. The MoU exchange took place in conjunction with the recent 2025 Langkawi International Maritime and Aerospace Exhibition, witnessed by Prime Minister Datuk Seri Anwar Ibrahim, Defence Minister Datuk Seri Mohamed Khaled Nordin, Turkish Defence Industry Agency president Haluk Gorgun and STM CEO Ozgur Guleryuz. The prime minister had also placed a Jalur Gemilang flag on the five-metre Bryks replica model on exhibit at the LUNAS booth as a symbolic gesture of the MADANI Government's support of the littoral combat ship (LCS) programme. LUNAS is fully owned by Finance Ministry (Incorporated) and is spreading its wings to other sectors, including construction and repair of commercial ships, heavy engineering and ship recycling.
The Sun
5 hours ago
- The Sun
LUNAS Signs MoU with Turkish STM to Boost Naval Defence Tech
KUALA LUMPUR: Lumut Naval Shipyard Sdn Bhd (LUNAS) continues its drive to be a major national defence industry player by signing a memorandum of understanding (MoU) with famous Turkish defence engineering firm Savunma Teknolojileri Muhendislik ve Ticaret A.S. (STM). Its chief executive officer (CEO) Azhar Jumaat said the strategic partnership would serve as a new chapter for modernising naval platforms and development of future generation of vessels by raising LUNAS' technical capabilities. 'This network will strengthen the country's efforts to improve its maritime defence competitiveness through technology transfer, local development capabilities and innovation with trusted global partners. 'The partnership will make LUNAS a more competitive government-related strategic asset and improve the aspirations of Malaysia MADANI that focus on modernisation, competitiveness and global involvement in the development of national industries,' he said in a statement today. The MoU exchange took place in conjunction with the recent 2025 Langkawi International Maritime and Aerospace Exhibition, witnessed by Prime Minister Datuk Seri Anwar Ibrahim, Defence Minister Datuk Seri Mohamed Khaled Nordin, Turkish Defence Industry Agency president Haluk Gorgun and STM CEO Ozgur Guleryuz. The prime minister had also placed a Jalur Gemilang flag on the five-metre Bryks replica model on exhibit at the LUNAS booth as a symbolic gesture of the MADANI Government's support of the littoral combat ship (LCS) programme. LUNAS is fully owned by Finance Ministry (Incorporated) and is spreading its wings to other sectors, including construction and repair of commercial ships, heavy engineering and ship recycling.
