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Malaysian IT Service Management Company Bolsters Capacity with Large-Scale Secure ID Document Facility
NexG Bhd, a prominent IT service management company based in Malaysia, is embarking on a significant expansion by investing approximately RM250 million to construct a cutting-edge facility for the production of secure identity documents. This new facility, tailored to embrace Industry 4.0 innovations, will leverage fully automated processes to ensure high precision and efficiency in the creation of secure identity documents[1][3][5].
The upcoming project will be financed through a mix of internal funds, equity raising, strategic partnerships, and borrowings[2][3]. The facility's development will unfold in three stages, with each phase involving improvements to boost annual production capacity. The objective is to produce over 15 million units of secure ID documents per phase[3].
Upon completion, this new facility is anticipated to augment NexG’s current secure ID document production capacity by an estimated 50 million units[3]. Depending on the document type, country-specific requirements, and project scope, each phase could yield between US$100 million (RM421 million) and US$200 million (RM843 million) in revenue[3].
Equipped with advanced security infrastructure and automation, the facility positions NexG to address the growing international demand for secure identity solutions. It will also serve as a ground for future advancements in research, development, and system integration[3][4].
NexG's ambition is to utilize this facility as a global platform to expand the international footprint of Malaysian-developed secure identity technologies[3]. This investment underscores a significant leap in NexG's production capabilities, setting the stage for the company to address escalating global demand for secure identity infrastructure[1][3][4]. The facility will function as a blend of production and innovation hubs, bolstering NexG's international competitiveness.
The new facility, under development by NexG Bhd, is anticipated to be financed through a combination of internal funds, equity raising, strategic partnerships, and borrowings. Upon completion, this advanced production facility for secure ID documents, designed to accommodate Industry 4.0 innovations, is expected to generate significant revenue for NexG, reaching between US$100 million to US$200 million per phase, depending on document type, country-specific requirements, and project scope.