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Malaysian IT Service Management Company Expands Secure Identity Document Production with RM250 Million Investment
NexG Bhd, a prominent IT service company based in Malaysia, is set to increase its production capacity for secure identity documents to meet international demand. The company plans to invest approximately RM250 million to establish a new Industry 4.0-compliant facility.
In a phased approach, NexG aims to boost its annual production capacity to over 15 million units per phase, encompassing secure identity documents such as passports, national ID cards, and other high-security credentials. The state-of-the-art facility will leverage advanced security infrastructure and fully automated processes to maintain precision and adherence to international standards.
Revenues for each phase are projected to range between US$100 million and US$200 million, contingent upon the type of documents produced, country-specific requirements, project scope, and security level.
This strategic investment positions NexG as a key player in meeting the growing demand for secure identity solutions and reflects the ongoing digital transformation and high-security document manufacturing trends in the industry. The company's move aligns with broader global advances in digital identity and security technology, mirroring the strategies of other industry leaders.
- NexG's investment in a state-of-the-art facility, estimated at RM250 million, is aimed at expanding production in the aerospace and finance sectors, encompassing secure identity documents such as passports and national ID cards.
- In the finance sector, the anticipated revenues for each phase of production at NexG's new facility are projected to range between US$100 million and US$200 million, positioning the company as a significant player in the secure identity documents industry.
