Kim Teck Cheong Launches RM150 Million Expansion in Kota Kinabalu Industrial Park
Kim Teck Cheong Consolidated Berhad (KTC) has commenced a RM150 million expansion project at the Kota Kinabalu Industrial Park (KKIP) to bolster its regional growth over the next three years. The new facility, expected to be completed within 18 months, will add nearly 500,000 square feet of warehouse space and 200,000 pallet positions. This initiative aims to quadruple KTC's operational capacity and potentially double its revenue, targeting an increase from RM1.3 billion to RM2 billion annually. The expansion includes acquiring 200 new fleet units and 200 pieces of warehouse machinery, creating approximately 500 new jobs for locals. Executives expressed strong confidence in Sabah’s long-term economic potential despite global uncertainties, emphasizing their commitment to supporting state development. The project is strategically designed to enhance logistics efficiency across East Malaysia, Brunei, and broader ASEAN markets, while maintaining KTC’s headquarters and administrative core in Sabah. Deputy Chief Minister III Datuk Ewon Benedick officiated the groundbreaking ceremony, highlighting the project's significance for industrial growth.
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Kim Teck Cheong Launches RM150 Million Expansion in Kota Kinabalu Industrial Park
Kim Teck Cheong Consolidated Berhad (KTC) has commenced a RM150 million expansion project at the Kota Kinabalu Industrial Park (KKIP) to bolster its regional growth over the next three years. The new facility, expected to be completed within 18 months, will add nearly 500,000 square feet of warehouse space and 200,000 pallet positions. This initiative aims to quadruple KTC's operational capacity and potentially double its revenue, targeting an increase from RM1.3 billion to RM2 billion annually. The expansion includes acquiring 200 new fleet units and 200 pieces of warehouse machinery, creating approximately 500 new jobs for locals. Executives expressed strong confidence in Sabah’s long-term economic potential despite global uncertainties, emphasizing their commitment to supporting state development. The project is strategically designed to enhance logistics efficiency across East Malaysia, Brunei, and broader ASEAN markets, while maintaining KTC’s headquarters and administrative core in Sabah. Deputy Chief Minister III Datuk Ewon Benedick officiated the groundbreaking ceremony, highlighting the project's significance for industrial growth.
Borneo Post Online