27/04/2026

BIZ & FINANCE MONDAY | APR 27, 2026

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Malaysian Paper

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Atlas Copco expands M’sia operations

accessible for employees across the Klang Valley. This investment aligns with Malaysia’s New Industrial Master Plan 2030 (NIMP 2030), supporting the country’s push towards higher value industrial activities, enhanced productivity and capability building in advanced services and solutions. It also reflects ongoing support for investments that strengthen Malaysia’s industrial ecosystem beyond manufacturing, including regional operations, technical services and talent development. The launch event was attended by representatives from government, industry and the diplomatic community. It reflects continued collaboration in supporting Malaysia’s industrial growth, talent development and regional competitiveness. This includes broader industry development across Southeast Asia involving companies such as Atlas Copco Group.

the upcoming LRT3 line. This strengthens logistics and service delivery while making it more accessible for customers, partners and employees. Beyond operational efficiency, the new headquarters is also expected to support talent growth and workforce expansion. Currently home to 273 employees, Atlas Copco Group plans to hire an additional 80 to 100 employees over the next five years, with a focus on service, sales and marketing roles. The upgraded facility is designed to provide a more collaborative and modern work environment. In line with Atlas Copco Group’s ESG commitments, the facility also incorporates sustainability-focused features to support more efficient energy use and long-term sustainable operations. Improved public transport connectivity is also expected to support talent attraction and retention by making the office more

itself as a key regional hub for advanced industrial investment, and we are pleased to see continued effort from global players in strengthening their presence here,” said Malaysian Investment Development Authority Selangor director Sherulanuar Abd. Karim. Ambassador of Sweden to Malaysia Niklas Wiberg said: “The Embassy of Sweden in Malaysia is happy to continue the partnership with Atlas Copco and be part of today’s important inauguration of the new office in Shah Alam. Atlas Copco has a long history in Malaysia and is a leading Swedish Company in innovation, sustainability and community engagement.” New facility enhances regional efficiency and service delivery The decision to establish the facility in Shah Alam, particularly Alam Impian, was driven by its proximity to key industrial zones, as well as its strong connectivity to Port Klang, Kuala Lumpur, major highways and

o New integrated hub in Shah Alam to strengthen efficiency and talent growth

SHAH ALAM: Atlas Copco Group has opened its new headquarters and integrated facility in Alam Impian, Shah Alam, marking a significant milestone in strengthening its operations in Malaysia and across Southeast Asia. The eight-figure investment into the new facility is part of Atlas Copco Group’s strong commitment to Malaysia since establishing its presence in the country in 1982. Strategically located within Selangor’s key manufacturing corridor, the 3-acre facility serves as a central hub for Malaysia and Southeast Asia, strengthening operational efficiency and regional coordination. The facility supports key business functions and a regional shared

finance services centre supporting multiple markets within the Atlas Copco Group. It also serves as a central coordination point for operations across Kuantan, Penang and Johor. Atlas Copco Malaysia and Singapore compressor technique business area general manager Khalid Shaikh said Atlas Copco Group’s presence in the country began in 1982 with just 10 employees and has grown into a team of over 250 today. He added the facility improves how they serve customers through faster coordination and more efficient delivery and reinforces their focus on developing local talent and building long-term capabilities. “Malaysia continues to position

Diolko pilots passenger rail-cargo service in SE Asia

SDCG shareholders approve bonus issue of warrants and Esos KUALA LUMPUR: Solar District Cooling Group Bhd (SDCG), a provider of building management systems (BMS), solar thermal systems and energy-saving services, reported that shareholders had approved all resolutions tabled at its extraordinary general meeting (EGM) on Friday. The approved proposals include a bonus issue of up to 211.9 million free warrants on the basis of one warrant for every two existing shares held, as well as the establishment of an Employee Share Option Scheme (Esos) of up to 10% of the company’s issued share capital. The bonus issue of warrants allows shareholders to participate in the company’s future growth through tradable convertible securities issued at no cost, while providing SDCG with the flexibility to strengthen its capital base as and when the warrants are exercised. Proceeds arising from the exercise of the warrants, if any, are intended to be utilised primarily for working capital requirements, including procurement of materials, project execution and operational expenses, in line with the group’s business activities. At the same time, the Esos is designed to recognise and reward the contribution of employees and directors, while motivating performance and strengthening long-term commitment to the group. The scheme also aligns the interests of key personnel with shareholders, supporting the company’s ability to execute its growth strategies effectively. The Esos will be implemented progressively and is subject to allocation safeguards in accordance with its by-laws. Managing director Edison Kong commented: “The approval of these proposals marks an important step in strengthening our capital flexibility and aligning our team with the Company’s long-term objectives. “The warrants provide us with the ability to raise funds when needed to support our operations, while the Esos ensures we continue to attract, retain and motivate the right talent to drive our business forward. “As demand for energy efficiency and sustainable solutions continues to grow, particularly in areas such as BMS and solar thermal systems, we are well-positioned to capture these opportunities.”

Ű BY IKHWAN ZULKAFLEE newsdesk@thesundaily.com

PETALING JAYA: Rail-based logistics company Diolko is introducing a delivery model never before implemented at scale in Southeast Asia by blending passenger rail services with cargo movement. This, according to Diolko co-founder and chief operating officer Onno Pfeiffer, is to tackle congestion and emissions linked to e commerce growth. Pfeiffer said while the idea of transporting goods by rail is not new, Diolko’s approach differs fundamentally from traditional models used elsewhere. “Our specific model is actually quite new, and we are the first in Southeast Asia to implement it this way,” he said in an interview. “Traditionally, cargo is moved on dedicated freight trains running alongside passenger services. What we are doing is different, we are using existing passenger trains and creating a hybrid passenger-cargo model,” he added. Pfeiffer explained that the concept is comparable to airport city check-in services, where travellers drop off luggage at a city terminal before boarding a train to the airport. “It’s very similar in principle. Your luggage travels on the same train, but you don’t need to carry it. We’ve adapted that idea into an end-to-end logistics solution, combining electric vehicles with rail and final-mile delivery. That full integration is what’s new.” In Europe, Pfeiffer said, similar initiatives have been tested but largely remained small scale or academic in nature with some projects involved modifying trams exclusively for cargo use, without mixing passenger and freight operations. “Those projects were interesting but they were never designed to scale. Our model was

Pfeiffer says security remains a top priority for Diolko. – AMIRUL SYAFIQ/THESUN

Pure C2C deliveries, Pfeiffer said, present additional challenges due to unknown parcel contents, which would require extensive screening measures such as X-ray machines and enhanced inspection protocols. “That’s something we may explore in the future. But right now, there is already so much impact we can make by transforming B2C deliveries to be more sustainable.” Despite this, Pfeiffer stressed that consumers still benefit directly from the model. “When you order something online, you are already benefiting from lower emissions and more efficient delivery. Our focus now is to scale that impact and change how urban logistics works.”

built from day one with scale in mind. In Malaysia alone, there are around two to three million parcels moving every day. A viable solution needs to work for tens or hundreds of thousands of parcels, not just a few hundred,” he said. Asked if individual consumers could directly benefit from Diolko’s services – such as through parcel collection hubs or consumer-to-consumer deliveries – he said the firm is currently focused on business-to-consumer and business-to business-to-consumer segments. Because the system operates on passenger trains, security remains a top priority, he added. “We follow security principles similar to the aviation industry, where passengers and cargo share the same infrastructure. We vet our customers, we know what every package contains and we ensure everything that goes onboard is safe.”

Diolko currently serves a diverse client base that includes tech firm CompAsia, e-commerce heavyweights Shopee and Zalora, and retailers such as L’Oréal, Watsons and TudungPeople. EcoWorld sells Quantum Edge parcels to data centre operator

KUALA LUMPUR: Eco World Development Group Bhd’s wholly-owned subsidiary, Eco Business Park 6 Sdn Bhd, has entered into a conditional sale and purchase agreement (SPA) to sell two parcels of industrial lands, measuring a combined acreage of 49.588 acres at its Quantum Edge industrial park in Kulai, Iskandar Malaysia, for approximately RM280.8 million.

industrial lands at Quantum Edge and they will be joining Microsoft and Princeton Digital Group here, making this one of the largest digital and high-tech hubs by a private developer in Malaysia. “We are gratified that three technology powerhouses from different parts of the world have chosen to locate their data centres at Quantum Edge.”

The purchaser is KNBDC Malaysia Five Sdn Bhd, a regional hyperscale data centre specialist. Eco World Development CEO Datuk Chang Khim Wah said: “We are delighted to welcome KNBDC to Quantum Edge, which was launched in June 2024, specifically designed to cater to the needs of market leading data centres and other high-tech customers. “KNBDC is buying the last two parcels of