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Malaysian IT Service Company Invests in Next-Gen Secure Identity Document Production Facility
NexG Bhd, a leading IT service management company, is set to bolster its global presence by making a significant strategic investment of approximately RM250 million (around USD 15.38 million) in a new Industry 4.0-ready facility for producing secure identity documents. This state-of-the-art plant represents a significant leap forward in terms of production capacity and technological sophistication, boasting fully automated processes for heightened product precision.
Background
NexG has ambitiously expanded its horizons, venturing into the production of secure identity documents to cater to the growing global demand for secure infrastructure. This investment aligns with the company's ambition to scale up its international footprint by exporting Malaysian-developed secure identity technologies to various countries. The new facility will boast advanced security infrastructure and cutting-edge Industry 4.0 technologies, laying the foundation for future innovation in research, development, system integration, and identity technology advancements.
Investment and Implementation
The RM250 million investment will be channeled into three phases, with each phase aimed at enhancing annual production capacity to over 15 million secure identity documents. Upon completion, the facility is projected to increase NexG's production capacity by approximately 50 million secure identity documents, meeting the demands of burgeoning international markets. Financing for this project will come from internally generated funds, equity fundraising, strategic partnerships, and borrowings.
Projected Impact
Each production phase is anticipated to generate revenue between USD 100 million (RM421 million) and USD 200 million (RM843 million), contingent upon document type, country requirements, project scope, and embedded security features. The facility will provide NexG with a dedicated global platform, strengthening its ability to cater to international markets with advanced technology-driven secure identity products.
Current Status
As of May 2025, NexG has disclosed its plans publicly and appears to be embarking on the initial stages of mobilizing resources and partnerships to realize the project. The company's executive chairman and CEO, Datuk Hanifah Noordin, has emphasized NexG's commitment to making Malaysian secure identity technologies available on a global scale through this enhanced manufacturing capability. In a recent move, NexG has also forged strategic alliances, including with LUN Partners,fortifying its push towards global digital transformation and supporting the secure identity production initiative.
In essence, NexG's RM250 million investment in an Industry 4.0-ready secure identity document production plant marks a transformative project for the company, significantly expanding its production capacity and global reach in the secure identity market. The phased rollout and substantial capacity expansion position NexG to capitalize on growing international demand for secure identity infrastructure while leveraging advanced technology-driven products.
The investment by NexG Bhd, a leading IT service management company, in an Industry 4.0-ready secure identity document production facility showcases their interest in diversifying their business portfolio, extending into the realm of technology and finance for the production of secure identity documents. This new plant, equipped with artificial-intelligence-driven technology, promises to revolutionize the business of identity document production, contributing to the growth of the company's global presence.
