Hot on the heels of its successful debut on the ACE Market of Bursa Malaysia, MSB Global Group Berhad (MSB Global) is laying the groundwork for a bold new phase of expansion. The Group has announced plans to invest in a new factory cum warehouse in Ulu Tiram, Johor Bahru, positioning itself as a manufacturer in the automotive lubricants and fluids space for the first time.
This strategic move is supported by RM4.97 million from the Group’s IPO proceeds, which raised a total of RM26.60 million. In addition to physical infrastructure, RM6.01 million is earmarked for the purchase of new machinery and equipment to jumpstart in-house production capacity.
In a notable step toward future-proofing its business, MSB Global is also entering the electric vehicle (EV) segment with the development of its first in-house branded EV charger, which is expected to launch in Q2 2025. The Group has allocated RM0.83 million toward this initiative, signaling a move beyond traditional aftermarket components and into green mobility solutions.
Managing Director Datuk Ow Kee Foo expressed strong confidence in the Group’s forward trajectory, stating, “The investments we’re making today are essential building blocks for tomorrow. Our new facility will not only enhance operational efficiency but also give us the agility to diversify our offerings. Entering the EV charging space is a milestone that aligns with global trends, and we are excited to take our first step into this evolving sector.”
With increasing demand for high-performance automotive fluids, as well as a surge in EV adoption, MSB Global’s expansion strategy is timely and well-aligned with market needs. The new developments will reinforce its standing as a dynamic player ready to shape the future of mobility in Malaysia and beyond.
