12/05/2025

BIZ & FINANCE MONDAY | MAY 12, 2025

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Germany’s SICK breaks ground on Senai Airport City factory PETALING JAYA: Senai Airport City Sdn Bhd is continuing its upward trajectory as a regional industrial hub with the groundbreaking of SICK Malaysia’s state-of-the-art manu facturing facility. This is a step forward not only for SICK but also for Johor’s growing industrial sector, further solidifying Senai Airport City as a strategic base for high-value, innovation-driven industries. Founded in 1946, SICK AG is a provider of sensor-based applications for industrial automation. Head quartered in Waldkirch, Germany, the company operates 63 subsidiaries worldwide with more than 10,000 employees, generating a group revenue of €2.1 billion (RM10.1 billion) in 2024. With this latest investment in Johor, SICK is poised to bring cutting edge technology, job creation and long-term industry transformation to Malaysia. “This new facility in Malaysia is a key milestone in our global expansion, reinforcing our supply chain and supporting rising demand for sensor based solutions across critical in dustries. By integrating social and training spaces, we’re fostering a culture of safety, growth, and respect, empowered by Malaysia’s skilled talent,” said SICK executive board members Ulrike Kahle-Roth and Nicole Kurek. SICK Malaysia managing director Suresh Sundram said the facility is designed to enhance production capabilities, improve operational efficiency and support sustainable growth in the Asia-Pacific region. He added that with its strategic location in Senai Airport City in Johor, which is close to their key markets, the new factory will play an important role in SICK’s long-term success. Senai Airport City CEO Gan Seng Keong said: “The decision by a global leader like SICK to establish its advanced manufacturing hub here is a strong endorsement of our infrastructure readiness, world-class connectivity, and strategic location.” He added that the groundbreaking of SICK’s facility reflects their commitment to shaping an advanced industrial ecosystem that fosters innovation, creates high-value jobs and strengthens Johor’s position as a regional economic powerhouse. MYEG warrants that were actively traded were MYEG-C8W, MYEG-C8L and MYEG-C8H. Overall, MyEG warrants saw over 50.3 million units traded for the week as its underlying remained unchanged for the week. To view the full list of structured warrants available on BursaMalaysia, visit malaysiawarrants.com.my. Provided for Malaysian residents’ information only. It is not an offer or recommendation to trade and is not research material. You should make your own assessment and seek professional advice.

Oryx Stainless opens processing facility in Johor From left: Seri Alam district police chief ACP Mohd Sohaimi Ishak, Mida Johor director Mohamad Reduan Mohamad Zabri, Iskandar Regional Development Authority chief executive Datuk Mohamad Noorazam Osman, Johor State Legislative Assemblyman for Tiram Azizul Bachok, Johor Investment, Trade, Consumer Affairs and Human Resource Committee chairman Lee Ting Han, Onn Hafiz, Pawlowski, Posco Stainless Steel purchase group leader Jong Min Lee, Kammer, Oryx Stainless Group CFO Roland Mauss and Oryx Stainless Malaysia CEO Marthijn Smit at the opening ceremony.

sustainable industrial transfor mation,” he added. The facility arrives at a crucial time for Malaysia’s environmental goals, supporting the national target of 45% carbon intensity reduction per gross domestic product by 2030 and helping attract RM300 billion in green investments. With each tonne of recycled material saving up to 8.5 tonnes of carbon dioxide, the plant’s annual impact approaches 1 million tonnes in emissions reduction. “Only in very few industries is the recycling rate as high as in stainless steel,” Oryx Stainless Group co founder and chairman of the super visory board Michael Pawlowski noted “New stainless steel – with no loss in quality – can be produced from up to 90% of the materials processed on this site. The prerequisite is smart recycling, and Oryx Stainless has practised it since 1990,” he added. Oryx Stainless specialises in creating precise blends of recycled raw materials for various stainless steels, addressing the need for over 150 different alloys. Its process involves analysing, storing, and producing high-quality recycled

Sikh Shamsul Ibrahim Sikh Abdul Majid said: “Malaysia, under the Madani government, has imple mented specific policies to advance sustainable industrial development. Oryx Stainless Group’s new Johor facility demonstrates how inter national expertise can transform our manufacturing landscape. “As a respected name in stainless steel recycling, Oryx Stainless strengthens both Johor’s industrial capabilities and Malaysia’s position in the global circular economy. Mida actively supports investments that combine innovation with measurable environmental impact, particularly those creating high-skill employment opportunities for Malaysians” Oryx Stainless Holding CEO Tobias Kammer said Malaysia is key to the company’s strategy of bringing high-quality, low carbon footprint stainless steel raw materials closer to the production centres of Asia. “Our investment in Johor is not only a business decision – it is a commitment to long-term colla boration, green growth and shared prosperity. We are proud to contribute to Malaysia’s vision of becoming a global leader in well as with the Labour Day public holiday in the previous week. Throughout the week, investors actively traded both the HSI call and put warrants. Call warrants HSI-CWEI, HSI-CWEP and HSI-CWEY recorded weekly trading volume of up to 667.6 million, 343.2 million and 314.6 million units, respectively, while put warrants HSI-PWFJ and HSI-PWFR took up the first and third spots in the list of most actively traded warrants, clocking in 677.9 million and 419.4 million units in weekly trading volume, respectively. Meanwhile, warrants over the Hang Seng TECH Index (HSTECH) also saw a significant surge in turnover

materials to meet specific metal lurgical compositions. This ensures consistent quality and reduces the use of high carbon footprint primary raw materials such as ferronickel, ferrochrome and ferromolybdenum. Leveraging its smart logistics and a digitised production setup, Oryx also ensures that the entire blending process is as climate-neutral as possible. Local talent development stands central to the facility’s mission. Malaysian employees have already completed advanced training in Thailand, learning to operate specialised equipment including Malaysia’s first special Sennebogen material handlers. The workforce, drawn almost entirely from local communities, is set to double by mid-2026. Partnerships with Malaysian universities create pathways for engineering students into the growing green technology sector. As Phase 1 begins, the facility will process 150,000 tonnes of stainless steel annually, marking a significant step forward in regional resource conservation and sustainable manu facturing.

PETALING JAYA: Oryx Stainless Group, one of the world’s leading suppliers of recycled stainless steel raw materials headquartered in the Netherlands, has opened a pro cessing facility in Johor, showcasing the company’s commitment to com bining environmental stewardship with industrial excellence. Johor Menteri Besar Datuk Onn Hafiz Ghazi said Johor is proud that it is now home to a facility that demonstrates how climate action, industrial excellence and economic development can go hand in hand. “With Oryx Stainless, we are welcoming not only an international leader in green industry but a true partner in our journey towards sustainable prosperity,” he added. Malaysian Investment Develop ment Authority (Mida) CEO Datuk steel annually with the start of the first phase o Plant will process 150,000 tonnes of THE Hong Kong stock market was closed on Monday in conjunction with the Birthday of Buddha holiday. The Hang Seng Index (HSI) recorded four consecutive days of gains after returning from a long weekend to close 1.6% higher week-on-week (w o-w) following investors’ optimism on possible upcoming trade deals. The index has now extended gains for the fourth consecutive week. As a result of the recent moves in the HSI, overall turnover for HSI warrants surged by 96.6% w-o-w compared to the previous week. Warrants turnover rose by 84.1% w-o w to RM716.5 million from RM389.2 million on the back of this surge, as WARRANTS WATCH

HSI records four consecutive days of gains, MyEG actively traded

Top index warrants by volume traded Warrant Volume Issuer Exercise

Expiry date

name

(million)

level

HSI-PWFJ HSI-CWEI HSI-PWFR HSI-CWEP HSI-CWEY

677.9 667.6 419.4 343.2 314.6

Kenanga Kenanga Macquarie Macquarie Kenanga

20,000 27,000 20,000 27,000 26,000

30 June 2025 30 June 2025 30 June 2025 30 June 2025 30 July 2025

Separately, MY E.G. Services (MyEG) warrants were also popular among investors last week, with MYEG-C8P and MYEG-C7S recording the highest turnover, at RM1.8 million and RM685,500, respectively. Other

(72%) as the index dropped 1.2% w o-w. HSTECH-C22 and HSTECH-C24 were the most actively traded warrants over this underlying, recording 29.5 million and 26.2 million units changing hands.

The warrants will not be offered to any US persons.