KUALA LUMPUR: UMW Development Sdn Bhd, a wholly-owned subsidiary of the UMW Group, has signed a sale and purchase agreement to sell 140 acres of land at the UMW High-Value Manufacturing Park (UMW HVM Park) in Serendah to LONGI (Kuching) Sdn Bhd for RM304.92 million.
The UMW HVM Park is strategically located and green-rated and is a gated and guarded high-value manufacturing park equipped with infrastructure and services for manufacturing excellence.
UMW Development group director Eric Chew said that about 84 per cent of the southern zone had been taken up, with 40 companies committed to setting up their manufacturing operations at the park.
"We are also ready to support their automation requirements by working closely with the UMW Group to provide the required products, services and solutions," he said in a statement.
The 348.43-hectare site offers a secured and integrated Industry 4.0 infrastructure and technologies.
The park also integrated sustainability into its design, embedding environment-friendly and energy-efficient technologies and solutions.
UMW Holdings Bhd president and group chief executive officer Datuk Ahmad Fuaad Kenali said the addition of LONGI signified the growing number of advanced manufacturing companies interested in setting up operations at UMW HVM Park, which is also home to UMW Aerospace – Malaysia's first Tier 1 fan case supplier to Rolls-Royce.
"We would like to thank LONGI for selecting UMW HVM Park as the preferred site for their business expansion, perhaps due to its strategic location and available facilities.
"We would also like to put on record our sincere appreciation to the Malaysian Investment Development Authority, Invest Selangor and the Hulu Selangor Municipal Council for their continuous support of UMW HVM Park," he said.
UMW noted that LONGI is the world's largest manufacturer of monocrystalline silicon wafers and is listed on the Shanghai Stock Exchange.
LONGI (Kuching) commenced operations in 2016 and is involved in the manufacture and sale of solar ingots, solar wafers, solar cells and modules.
The land purchase at UMW HVM Park is part of its plan to expand its operations and increase the production volume to cater to its growing demand.