JAG to acquire a freehold land in Shah Alam to expand waste management business
KUALA LUMPUR: JAG Bhd’s unit JAG Renewable Energy Sdn Bhd has entered into a sale and purchase agreement with Kobe Steel Ltd to acquire a freehold land in Hicom Industrial Estate, Shah Alam, for RM36.89 million.
JAG Bhd's subsidiary, JAG Renewable Energy Sdn Bhd, has agreed to purchase a freehold plot in Shah Alam for RM36.89 million, as part of its plan to broaden its waste management operations. This acquisition, one of several expected to total RM60 million, includes both land and necessary equipment. The expansion will enable JAG to establish new production lines and boost storage capacity, enhancing its ability to process waste and adapt to operational demands.
JAG anticipates that the growth of Malaysia's digital infrastructure, renewable energy, and electric vehicle sectors will generate growing quantities of recyclable materials as these assets reach end-of-life. The investment aims to support the next phase of JAG's waste management expansion, allowing the company to capitalize on future opportunities while maintaining its commitment to reliable, compliant, and environmentally responsible waste management solutions.
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