Tag: supply chain

TECO Signs Acquisition Agreement with Malaysia’s Dynaciate, Targeting Exponential AIDC Revenue Growth Next Year

TAIPEI, May 25, 2026 /PRNewswire/ -- TECO Electric & Machinery Co., Ltd. ("TECO", TWSE: 1504) today (25th) held a signing ceremony with Malaysian engineering company Dynaciate Engineering Sdn. Bhd. ("Dynaciate"), officially completing the acquisition agreement. The deal marks a key milestone in TECO's accelerated expansion into Southeast Asia's AI data center infrastructure and global modular data center markets. TECO Signs Acquisition Agreement with Malaysia’s Dynaciate, Targeting Exponential AIDC Revenue Growth Next Year Photo caption. First row third from left: TECO chairman Morris Li, forth from seft: Dynaciate CEO Ng Kim Thiea TECO Signs Acquisition Agreement with Malaysia’s Dynaciate, Targeting Exponential AIDC Revenue Growth Next Year Photo caption. First row third from left: TECO chairman Morris Li, forth from seft: Dynaciate CEO Ng Kim Thiea According to TECO's earlier announcement, the transaction involves an investment of approximately MYR 200 million (around USD 50.8 million), with TECO acquiring approximately 78% equity ownership in Dynaciate. Dynaciate will serve as TECO's global manufacturing hub for Modular Data Center (MDC) and power equipment products, as well as an engineering hub supporting TECO's expansion across Southeast Asia, particularly in data center infrastructure projects. At the signing ceremony, TECO Chairman Morris Li stated that, through the deep integration of both companies, TECO has significantly enhanced the execution efficiency and overall in-house manufacturing ratio of its modular prefabrication capabilities. In particular, the collaboration has successfully shortened data center delivery timelines to as little as six months through its core power modules (the StellarForge Module) and generator modules (the PowerWarden Module) , creating a distinct advantage in rapid deployment and accelerating the commercialization of data centers. Dynaciate CEO Ng Kim Thiea said the company is honored to partner with TECO and enter a new phase of growth together. He noted that Dynaciate has extensive experience in engineering, steel fabrication, and large-scale industrial projects for multinational corporations, and since 2025 has actively expanded into the data center engineering market by undertaking projects for international CSP clients. Dynaciate's headquarters and manufacturing facilities are located in the Pasir Gudang Industrial Area of Johor Bahru, Malaysia. The site spans approximately 36,000 square meters, including eight production buildings dedicated to stainless steel and carbon steel fabrication, and is eligible for export tax incentives that support future global supply chain deployment. TECO estimates that after the acquisition, approximately 65% of future data center-related revenue will come from MDCs and prefabricated products, while 35% will derive from AI data center (AIDC) engineering projects. This shift is expected to significantly increase the share of TECO's overall data center business. Data center-related revenue in the Power & Energy Business Group is forecast to rise from under 10% to 30% this year, becoming a key growth driver. TECO website: https://www.teco.com.tw/en-us/solution/data-center/ Dynaciate website: https://dynaciate.com.my/ Source: TECO Electric & Machinery Co.

TAIPEI, May 25, 2026 /PRNewswire/ — TECO Electric & Machinery Co., Ltd. (“TECO”, TWSE: 1504) today (25th) held a signing ceremony with Malaysian engineering company Dynaciate Engineering Sdn. Bhd. (“Dynaciate”), officially completing the acquisition agreement. The deal marks a key milestone in TECO’s accelerated expansion into Southeast Asia’s AI data center infrastructure and global modular […]

FOMCA Calls For Stronger Monitoring Following SKDS Expansion

KUALA LUMPUR, May 23 -- The Federation of Malaysian Consumers Associations (FOMCA) has called on the government to strengthen monitoring of essential goods prices and enforcement following the expansion of the Subsidised Diesel Control System (SKDS). In a statement today, FOMCA said that although the expansion of diesel subsidies for jeeps and pick-up trucks nationwide could help reduce transportation costs, there is no automatic guarantee that the savings would translate into lower retail prices. “Fuel and logistics costs are important components within the supply chain. However, effective monitoring and enforcement are necessary to ensure that cost savings are reflected in retail prices instead of being absorbed as additional profits by certain parties,” it said. FOMCA also welcomed the government’s decision to expand the SKDS eligibility for jeeps and pick-up trucks nationwide, particularly for operators involved in land freight transportation. The association said the move was timely as transportation and logistics costs continued to contribute to higher prices of food, agricultural produce and daily essentials faced by consumers. According to the Domestic Trade and Cost of Living Ministry, the improved SKDS mechanism will allow companies nationwide that own jeeps and pick-up trucks for land freight purposes to register under the system beginning June 1. The government has also expanded eligibility to include certain vehicles previously registered under individual ownership, subject to company registration and transfer of vehicle ownership requirements. FOMCA said it appreciated the government’s continued efforts to address the rising cost of living amid global economic uncertainty and geopolitical tensions, which have contributed to higher global fuel and commodity prices. -- BERNAMA

KUALA LUMPUR, May 23 — The Federation of Malaysian Consumers Associations (FOMCA) has called on the government to strengthen monitoring of essential goods prices and enforcement following the expansion of the Subsidised Diesel Control System (SKDS). In a statement today, FOMCA said that although the expansion of diesel subsidies for jeeps and pick-up trucks nationwide […]

ASEAN Must Remain United in Facing Global Crises – PM Anwar Ibrahim

KUALA LUMPUR, May 8 — Prime Minister Anwar Ibrahim reaffirmed Malaysia’s strong commitment to strengthening ASEAN unity in addressing increasingly complex global challenges, particularly geopolitical crises that have directly impacted energy security, food security, and the stability of regional supply chains. Speaking at the 48th ASEAN Summit today, he stressed that no country could confront the ongoing global uncertainties alone, underscoring the need to further reinforce collective cooperation and regional solidarity within ASEAN. Anwar said Malaysia also expressed support for accelerating the ASEAN Power Grid initiative, strengthening regional petroleum security mechanisms, and expanding strategic cooperation networks, including through ASEAN-GCC-China collaboration, to ensure long-term energy resilience. On food security, he said ASEAN must take more decisive action through the coordination of emergency food stockpiles and the strengthening of the ASEAN Plus Three Emergency Rice Reserve (APTERR) mechanism to shield the region from food inflation and supply disruptions. He also emphasised that the safety of ASEAN citizens in conflict areas must remain a shared priority among member states. According to him, ASEAN should intensify information sharing, diplomatic cooperation, and emergency response mechanisms to safeguard the welfare of ASEAN citizens abroad. Anwar stressed that ASEAN must continue to serve as a platform for regional stability, inclusiveness, and resilience amid growing global uncertainty and intensifying geopolitical competition. -- MINUTESMY -- SOURCE: FB ANWAR IBRAHIM

KUALA LUMPUR, May 8 — Prime Minister Anwar Ibrahim reaffirmed Malaysia’s strong commitment to strengthening ASEAN unity in addressing increasingly complex global challenges, particularly geopolitical crises that have directly impacted energy security, food security, and the stability of regional supply chains. Speaking at the 48th ASEAN Summit today, he stressed that no country could confront […]