KUALA LUMPUR (Aug 21): SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, said it is partnering with TH Properties Sdn Bhd to develop Malaysia’s first halal-certified managed industrial park in Negeri Sembilan.
The park will be developed on SD Guthrie’s 464-acre estate in Bukit Pelandok, with the estimated market value of land development amounting to over RM220 million, a joint statement by both parties announced on Wednesday.
The new industrial park is also an extension of TH Properties’ international halal hub, namely techpark @ enstek, which comprises Techpark 1 and 2 in Bandar Enstek, Negeri Sembilan.
“The new development will serve as a natural and complementary expansion to these parks and is expected to attract both local and international companies wanting to leverage on the global recognition of Malaysia’s halal certification,” the companies said.
SD Guthrie managing director Datuk Mohamad Helmy Othman Basha said the memorandum of understanding (MOU) with TH Properties to develop the halal certified park will unlock the company’s potential landbank.
The new industrial park will feature a range of ready-built and built-to-suit factories, including linked, semi-detached and detached options, along with vacant industrial plots tailored to various business needs.
“With the Kuala Lumpur International Airport (KLIA) a mere 16 kilometres away and a network of major highways providing access, the new industrial park development will offer seamless connectivity and logistical advantages, making it an ideal location for businesses looking to expand their operations,” it said.
Malaysia's first green industrial park
Besides the halal industrial park, SD Guthrie is also in active discussions with several state agencies and partners to transform its 1,069-acre Perak land into Malaysia’s first green industrial park development project, dubbed the Kerian Integrated Green Industrial Park (KIGIP).
“The company is expected to make more announcements once it has finalised its collaboration and joint-ventures with other potential partners in developing its land assets,” it added.
Shares of SD Guthrie closed down 2.17% or 10 sen to RM4.51 on Wednesday, giving the group a market capitalisation of RM31.19 billion.