Ideal Property Group, a prominent developer in Penang, is pleased to announce the signing of a Memorandum of Understanding (MOU) with ShenZhen Senior Technology Material Co Ltd , a global leader in the lithium battery separator industry. The MOU solidifies a strategic partnership to develop the Penang Technology Park (PTP)@Bertam, encompassing a vast area of 880 acres of freehold land.

ShenZhen Senior Technology Material Co Ltd, with its headquarters based in ShenZhen, GuangDong province, brings with it a distinguished legacy of 20 years of industry experience and excellence. The company boasts eight production bases and three research centers distributed across the globe, making it a dominant force in the lithium battery separator market.

The top leaders from ShenZhen Senior Technology Material Co Ltd and Senior International Holding (Singapore) Pte Ltd had recently visited the Chief Minister of Penang. During their meeting, the Chief Minister demonstrated great enthusiasm and support for ShenZhen Senior Technology Material Co Ltd’s investment in Penang, recognizing the potential economic impact and job opportunities it would bring to the region.

The decision by ShenZhen Senior Technology Material Co Ltd to invest in PTP@Bertam comes as a heartfelt response to the Chief Minister of Penang’s relentless efforts to attract and foster foreign investments. The Chief Minister’s dedication and commitment to creating a conducive environment for businesses have left a lasting impression on ShenZhen Senior Technology Material Co Ltd, prompting them to choose Penang as their investment destination.

“We are thrilled to join hands with ShenZhen Senior Technology Material Co Ltd for PTP@Bertam project,” said Tan Sri Datuk Alex Ooi Kee Liang, the Executive Chairman of Ideal Property Group. “This collaboration represents a significant milestone for both companies and marks the beginning of a promising venture that will contribute immensely to Penang’s economic growth and prosperity.”

ShenZhen Senior Technology Material Co Ltd plans to initiate the investment in PTP@Bertam in several stages, each phase designed to ensure a steady and successful implementation of their vision for the project. The collaboration aims to leverage ShenZhen Senior Technology Material Co Ltd’s global expertise and Ideal Property Group’s local insights to create a cutting-edge industrial park that will cater to the evolving demands of the lithium battery separator industry and allied sectors. The project will foster job creation, knowledge exchange, and technology transfer, bringing forth a wave of opportunities for the local community.