Property developer NCT Group inks five MoUs

Property developer NCT Group has entered into five strategic partnerships for the upcoming Selangor Smart Industrial Park (SSIP) project.

The partnerships aim to offer the highest service standards to create a sustainable, efficient and productive working environment. 

The signing of Memorandum of Understanding (MoUs)

The MOU signing parties are Asia Pacific University of Technology and Innovation (APU), Furniweb Holdings Limited, KS Industrial Tools Malaysia Sdn Bhd (KS Industrial), Solarvest Holdings Berhad (Solarvest) and Universiti Tunku Abdul Rahman (UTAR).

The founder and managing director of NCT Group, Dato’ Sri Yap Ngan Choy, said the MOUs demonstrated the group’s commitment to providing the best facilities at SSIP.

The partnerships will boost efficiency and maintain a sustainable and resilient eco-friendly ecosystem.

“We can deliver our promise of developing a robust and future-ready industrial park in the heart of Selangor’s Golden Triangle,” said Ngan Choy.

“With solid plans mapped out in the coming months, we are confident that these collaborations and combined expertise will translate the vision of SSIP into reality,” he said.

Solar-ready factories and property

NCT Group aims to develop 1,000 units of solar-ready factories and warehouses at SSIP.

They aim to achieve shared decarbonisation ambitions through the MoU signed with Solarvest.

The park will be the first solar-equipped managed industrial park development of its kind.

The MoU also provides decarbonisation services across NCT’s facilities in Malaysia.

Collaborating with Solarvest marks the first step in setting the foundation for expanding opportunities.

NCT Group is exploring prospects in renewable energy such as solar and bioenergy, green hydrogen, energy efficiency and electric mobility.

Solarvest executive director and group chief executive officer Davis Chong Chun Shiong said the SSIP development could significantly reduce the industrial and commercial carbon footprint.

Enhancing technical capabilities

The partnership with Furniweb Holdings Limited will pave the way for NCT Group to benefit from Furniweb’s capabilities as an energy-efficient service provider at SSIP.

Meanwhile, the partnership with UTAR and APU will help the NCT Group expand its 4.0 Industrial Revolution (4IR) and Technical and Vocational Education and Training (TVET) initiatives.

The MoUs play a crucial role in shaping the local workforce with the changing workplace landscape.

Utilising innovative technology and enhanced efficiency enables greater productivity while contributing to higher income levels.

The MoU signed with KS Industrial to install its DéScale technology at SSIP, which focuses on rectifying solutions for complex water such as scale build-up and corrosion and cooling tower water sanitisation to prevent the growth of algae, bacteria and viruses in cooling water.