09/06/2026

BIZ & FINANCE TUESDAY | JUNE 9, 2026

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DXN starts building RM140m nutraceutical facility in Kedah

M’sia reaffirms support for global energy stability, commits to output target KUALA LUMPUR: Malaysia has reaffirmed its commitment to global energy stability and strategic cooperation at the 41st Opec and Non-Opec Ministerial Meeting, as oil-producing nations continue to navigate geopolitical uncertainty, supply risks and a changing global energy landscape. Malaysia also reaffirmed its continued alignment with the Charter of Cooperation (CoC), which builds on the Declaration of Cooperation (DoC) established in 2016, the Economy Ministry said in a statement yesterday. The Malaysian delegation was led by Economy Minister Akmal Nasrullah Mohd Nasir, who participated virtually in the meeting convened by the Opec Secretariat in Vienna, Austria. Economy Ministry Secretary General Datuk Seri Nor Azmie Diron, Petronas senior vice-president of corporate strategy Marina Md Taib, ministry senior officials and Malaysian embassy officials in Austria were also present. “While the DoC provided an effective platform for coordinated market stabilisation, the CoC offers a broader and more structured framework for long-term co operation, including on technology, emissions reduction and the global energy transition,” the ministry said. As a partner within the Opec+ framework, Malaysia remains supportive of collective efforts to promote market stability and energy security. “As both an oil producer and a net energy importer, Malaysia views market stability as essential not only for global confidence, but also for domestic production, investment planning and long-term energy security.” Moving forward, Malaysia will continue to work closely with member countries to deepen cooperation in energy, trade and investment, the statement said. “Malaysia also remains com mitted to complying with its assigned production target for 2026, while continuing constructive engagement to ensure that any future baseline revisions under the MSC framework remain fair, realistic and reflective of participating countries’ production outlook beyond 2026.” The hybrid ministerial meeting brought together Opec and non Opec participating countries to deliberate on key matters affecting global oil market stability and long term supply security. A key focus of the meeting was the assessment of maximum sustainable capacity (MSC) among participating countries. Malaysia views the MSC frame work as an important mechanism to strengthen market transparency, improve production baseline assessments and support more predictable supply planning in the years ahead. – Bernama

customers worldwide.” Lim said the global health and wellness market is growing at a pace that most investors have yet to fully appreciate. “The ready-to-eat and functional food segment alone is projected to reach RM1.6 trillion by 2034, growing at 7.7% annually. Wellness spending per capita in Asia stands at just RM1,860 per year compared to RM23,815 in North America and RM7,410 in Europe, that conver gence gap represents decades of addressable growth. DXN currently generates RM1.9 billion in annual revenue from a global market measured in the hundreds of billions. Bukit Kayu Hitam is how we ensure our production capacity is never the constraint on capturing that opportunity.” Bukit Kayu Hitam is the flagship of DXN’s Global Manufacturing Strategy, which targets 21 factories across four continents by 2028. The facility anchors a three-pillar Malaysian manufacturing ecosystem alongside the existing Jitra complex and the Gua Musang facility under development in Kelantan.

Malaysia’s largest nutraceutical factory will be a source of great pride for the state. “This RM140 million commit ment creates quality employment for our people, strengthens Kedah’s position as a premier industrial destination within the Northern Corridor, and demonstrates the confidence that world-class manu facturers continue to place in Kedah as a foundation for global opera tions,” he added. DXN executive chairman and founder Datuk Lim Siow Jin said, “DXN’s revenue has grown at a compounded annual growth rate of 15.4% over the past three years, and FY2025 delivered all-time highs in revenue, net profit and Ebitda. That growth has outpaced our existing production capacity.” He added, “Bukit Kayu Hitam is our answer, with seven production blocks and a dedicated R&D centre, built to support the next decade of growth. More than a factory, it is a purpose-built manufacturing, logis tics and innovation hub that will enable DXN to scale more efficiently, operate more effectively and serve our global markets with greater flexibility and resilience. “Together with our existing facilities in Kedah, it will further reinforce Malaysia’s role as the heart of our global production ecosystem and strengthen our ability to support

o Integrated manufacturing hub will house seven production blocks, 10 warehouses and dedicated R&D centre, making it the company’s largest complex worldwide

PETALING JAYA: DXN Holdings Bhd, a global wellness company and manufacturer of nutraceutical pro ducts, broke ground on Malaysia’s largest nutraceutical manufacturing facility in Bukit Kayu Hitam, Kedah (BKH Facility), a RM140 million investment that cements Malaysia’s position as the anchor of DXN’s global manufacturing network and strengthens the group’s long-term growth platform. Phase 1 of the development will feature about 300,000 square feet of built-up space across a 26.6-acre site leased from Perbadanan Kemajuan Negeri Kedah . The integrated manufacturing hub will house seven production blocks, 10 warehouse facilities and a dedicated research and development centre, making it DXN’s largest facility worldwide and one of Malaysia’s largest nutra ceutical manufacturing complexes. Production is targeted to begin in March 2028 with 118 stock keeping units (SKU) across coffee, food and beverage and juice categories, while KUALA LUMPUR: Radium Develop ment Bhd has unveiled The Face Chancery Hotel, the hospitality component of its mixed-use Chancery development, marking the group’s entry into the hotel sector. The hotel represents a RM135 million investment, with RM109.3 million financed with proceeds raised during Radium’s public listing in 2023. The move is part of the group’s strategy to build recurring income streams alongside its core property business. Slated to open in 2028, the 145 room hotel will occupy Levels 10 to 14 of the 51-storey Chancery Tower. Room configurations will include super king, queen, accessible and connecting units. Radium managing director Datuk Gary Gan Kah Siong said the hotel is expected to stabilise operations by its third year, with projected occupancy rates of between 55% and 65% in its initial years. “It is projected to generate annual revenue of approximately RM20 million by the third year,” he said at the unveiling event yesterday. Gan said the hotel component is part of the broader vision for Chan cery as an integrated development. Ű BY HAYATUN RAZAK sunbiz@thesundaily.com

future phases will support ex pansion into higher-value segments such as cosmetics, personal care and pharmaceuticals. The BKH Facility is designed to provide the capacity, flexibility and operational resilience required to support DXN’s next phase of global growth while ensuring that manufacturing capability remains ahead of future demand. Welcoming the investment, Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor said

The RM140 million investment will be financed with external funding facilities, underpinned by the group’s robust financial position, including a zero net debt balance sheet and a debt-to-equity ratio of about 0.15 times. Radium enters hospitality sector with The Face Chancery Hotel

From left: Radium Development non-independent non-executive director Datuk Sydney Lim, Gan, S’ng and The Face Hospitality cluster director of finance Yee Yoke Wing.

hospitality brand with an existing customer base rather than building a new brand from scratch. The Face Hospitality cluster general manager Jason S’ng said the project is well-positioned to capture both business and leisure demand in Kuala Lumpur. “We are shaping its identity and defining its market position together with Radium to support long-term success.”

bility of branded hospitality offerings in the area. The Face Chancery Hotel will be operated by Radium’s subsidiary, Tradisi Emas Sdn Bhd, with The Face Hospitality appointed as the con sultancy partner overseeing brand positioning, design and operational planning. Gan said the partnership allows Radium to leverage an established

“The hotel introduces a different demand cycle, including corporate travellers, tourists and extended-stay guests, which enhances overall activity within the development,” he said, adding that it reflects Radium’s shift towards building long-term recurring income. Located in Ampang along Kuala Lumpur’s Embassy Row, the hotel aims to address the limited availa