02-05-2025
- Business
- New Straits Times
ISP Group kicks off RM80mil industrial project in Senai
KUALA LUMPUR: ISP Group of Companies (ISP) has kicked off its RM80 million greenfield industrial project, ISP Victory, in Senai, Johor.
This marks the group's first purpose-built logistics and manufacturing hub in southern Malaysia.
The project, to be constructed by SLG Construction Sdn Bhd, is expected to be completed by the second quarter of 2027.
"Having grown its industrial portfolio primarily through brownfield acquisitions, the company is now moving decisively into greenfield development to shape the future of industrial real estate.
"This reflects our values of sustainability, operational excellence, and long-term vision," ISP founder and group chief executive officer Eric Ng said in a statement today.
Spanning 4.1 hectares, the facility will feature a dual-storey logistics warehouse and manufacturing unit with a total built-up area of about 263,000 square feet.
ISP said the building will incorporate energy-efficient lighting, flexible configurations and wide column spacing to serve both multinational and local businesses aiming to meet modern performance and environmental standards.
Senai falls within the Johor-Singapore Special Economic Zone (SEZ), a cross-border initiative aimed at boosting trade and industry.
"The construction phase is expected to stimulate local economic activity, creating opportunities for contractors, consultants, engineers and material suppliers.
"Upon completion, the development will support new businesses and drive job creation, reinforcing Johor's positioning as a key economic hub in Malaysia," the company said.
