INV New Material Technology (M) Sdn. Bhd. Celebrates Groundbreaking Ceremony with Distinguished Guests

On November 29, Senior Material held a groundbreaking ceremony for its ASEAN base in Penang. The event was attended by Mr. Zhou Youbin, Consul General of the People’s Republic of China in Penang; Mr. Chen Xiufeng, Chairman of Senior Material; Mr. Chow Kon Yeow, Chief Minister of Penang; and Mr. Sivasuriyamoorthy Sundara Raja, Deputy CEO of the Malaysian Investment Development Authority (MIDA).

This facility marks the first lithium battery separator factory in the ASEAN region. The first phase of the project involves a total investment of RMB 5 billion, covering approximately 66 acres of land. It is expected to achieve an annual production capacity of 2 billion square meters of wet-process lithium-ion battery separators and corresponding coated separators.

Local media reported on the event, stating: “Penang is proud to be the home of Senior Material’s ASEAN base. With its strong background in separator R&D and manufacturing, this strategic partnership with Penang will bring new opportunities for local economic growth and social development.”