KOTA KINABALU: Kim Teck Cheong Consolidated Berhad (KTC), a leading fast-moving consumer goods (FMCG) distributor in East Malaysia, has announced the successful acquisition of land worth RM40 million at the Kota Kinabalu Industrial Park (KKIP) for the development of the KTC Industrial Park, the Group’s largest integrated hub for operations, logistics, and manufacturing.
The investment is expected to expand KTC’s current operational base by 40 percent, while revenue is projected to grow by 50 percent.
“This strategic move will elevate KTC’s annual revenue to approximately RM1.5 billion to RM1.6 billion, further solidifying its position as a leading company in Sabah and throughout East Malaysia.
“This strategic investment also marks a major milestone in the Group’s long-term growth strategy and is expected to support its expansion plans for the next five years,” said KTC Executive Director, Datuk Dexter Lau.
According to Dexter Lau, the land is strategically located in a rapidly growing industrial zone and will serve as a foundation for KTC’s future developments in warehousing, logistics infrastructure, transportation, and operational facilities.
“This development is expected to improve operational efficiency, streamline supply chain capabilities, and further strengthen KTC’s presence in both existing and new markets across Malaysia.
“The KTC Industrial Park is also set to become one of the largest FMCG distribution centers in the region, designed to efficiently serve markets in Sabah, Sarawak, Brunei, and Indonesia.
“This investment is a strategic move that puts us on the path of sustainable growth and provides the space and infrastructure needed to meet growing demand while serving our business partners more effectively,” Dexter Lau added.
He also emphasized that the acquisition aligns with KTC’s mission to build long-term value through operational excellence and strategic foresight.
“The new KTC Industrial Park will significantly enhance KTC’s logistics capabilities and enable it to meet the growing demand for FMCG products across multiple regions.
“This development not only reflects our commitment to operational excellence and regional economic growth, but is also expected to create job opportunities and stimulate the growth of a broader supply chain ecosystem in East Malaysia and surrounding regions,” he explained.
At the same time, Dexter Lau also announced that KTC has surpassed RM1 billion in revenue as of June this year and continues to be on a strong growth trajectory.
He shared that KTC’s total operational footprint currently covers 500,000 square feet.
“With the development of the KTC Industrial Park on the newly acquired 15-acre land in KKIP, KTC’s operational base will increase significantly by 40 percent, while revenue is projected to rise to between RM1.5 billion and RM1.6 billion.
“We will commence construction of the KTC Industrial Park in KKIP as soon as possible, with a total investment of RM100 million.
“The industrial park is expected to generate 500 new jobs, and we will prioritize hiring locals from underprivileged backgrounds to support the government’s efforts in eradicating poverty,” he said.
Dexter Lau also revealed that the KTC Board of Directors has approved an additional investment of RM10 million in Sarawak during the same period.
“As a result, KTC’s revenue in East Malaysia is expected to grow by a total of 50 percent — 40 percent in Sabah and 10 percent in Sarawak over the next two to three years,” he added.
As a main market-listed company on Bursa Malaysia, KTC is set to have a workforce of 2,000 within the year across Malaysia and Brunei, cementing its position as one of the leading companies in Sabah.-pr/BNN
