Aurelius breaks ground for new manufacturing plant in Kulim

• “P5 sets the stage for ATech (Aurelius) to introduce advanced manufacturing capabilities targeted for automotive components and advanced Internet of Things (IoT) applications,” said BCM in a statement on Monday.

KUALA LUMPUR (May 13): Aurelius Technologies Bhd’s (KL:ATECH) wholly owned subsidiary BCM Electronics Corp Sdn Bhd on Monday announced the commencement of construction for a new integrated manufacturing plant, known as P5, in Kulim Hi-Tech Park, Kedah.

“P5 sets the stage for ATech (Aurelius) to introduce advanced manufacturing capabilities targeted for automotive components and advanced Internet of Things (IoT) applications,” said BCM in a statement on Monday.

The plant is targeted for completion by the end of 2024. It will span 243,977 sq ft of advanced manufacturing, and research and development space, equipped with 12,945 sq ft of clean room facilities, according to BCM.

RM450 million hub

The announcement also marks the commencement of construction of the group's New BCM Hub project on its industrial land spanning 571,908 sq ft. According to BCM, Aurelius plans to invest approximately RM450 million into the development of the new hub over the next five years.

“We are thrilled to begin construction of the P5 facility, which, once operational, will serve as a new technology hub for our new advanced products,” said Aurelius chief executive officer and executive director Loh Hock Chiang.

“This expansion is pivotal for our growth strategy, especially to further grow our market share in automotive and IoT industries, where innovation leads the way,” he said.

BCM is principally involved in electronics manufacturing services, such as multicomponent semiconductor modules, box-build, printed circuit board assembly and sub-assemblies.

Aurelius changed its financial year end from Jan 31 to Dec 31 to realign its financial quarters with the calendar year. For the 11-month financial period ended Dec 31, 2023 (11MFY2023), the group registered a net profit of RM38.25 million on the back of RM385.56 million in revenue.

Aurelius shares have been on a rally this month, hitting a one-year high of RM3.07 last Thursday (May 9).

At Monday’s noon break, the counter was down one sen or 0.33% to RM3.03, valuing the group at RM1.19 billion. Year-to-date, it has climbed 43 sen or 16.5%.

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