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NexG invests heavily in a cutting-edge identity document production facility to cater to international demand
Malaysian tech company, NexG Bhd, has announced a substantial investment of approximately RM250 million to establish a state-of-the-art, Industry 4.0-compatible identity document production facility. This ambitious venture aims to significantly enhance NexG’s production capabilities, introducing fully automated processes that will ensure superior product precision and a remarkable increase in production capacity.
The new facility will undergo development in three phases, with continuous optimization targeting an annual production capacity of over 15 million secure ID documents per phase. Upon full completion, the facility is projected to add around 50 million more secure ID documents to NexG’s existing output, readily meeting the growing international demand for robust identity infrastructure and documents.
Outfitted with advanced security infrastructure tailored to meet country-specific requirements, the manufacturing plant is predicted to generate revenue ranging from US$100 million (RM421 million) to US$200 million (RM843 million) per phase, depending on the type of document or solution, project scope, and the level of embedded security features.
The required funds for the RM250 million investment will be sourced through a combination of internally generated funds, equity fundraising, strategic partnerships, and borrowings. In addition to boosting production, the upgraded facility is set to stimulate future innovation in research and development, system integration, and identity technology development.
Speaking on the matter, NexG’s executive chairman and CEO, Datuk Hanifah Noordin, stated that this expansion would propel NexG to serve as a global platform for exporting Malaysian-developed secure identity technologies to more nations worldwide. The company aspires to become a leading player in international secure ID document production, reflecting its ambitious global aspirations.
In conclusion:- Investment size: Approximately RM250 million- Objective: Develop an Industry 4.0-ready secure ID document production plant- Stages: Three implementation phases with capacity enhancement- Productivity: Over 15 million units per phase; additional 50 million units upon completion- Financing: Internal funds, equity fundraising, partnerships, borrowings- Facility attributes: Fully automated, advanced security infrastructure, fosters R&D and system integration- Strategic goal: Meet growing international demand and expand the international reach of Malaysian secure identity technology.
The investment of approximately RM250 million by NexG Bhd will be utilized to establish an Industry 4.0-compatible secure ID document production facility, aiming to stimulate future innovation in finance areas such as research and development, system integration, and identity technology development. This venture, expected to generate revenue ranging from US$100 million to US$200 million per phase, targets an annual production capacity of over 15 million secure ID documents per phase, significantly contributing to meeting the growing international demand for robust identity infrastructure and documents.
