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Malaysian company NexG Berhad is set to invest around RM250 million ($15.38 million USD) in the development of a cutting-edge, secure identity document production facility. This move is part of NexG's strategic plan to bolster its capacity in manufacturing high-security identity documents, a sector that experienced a surging demand for secure and advanced identification systems globally.
NexG aims to solidify its position in the identity document production sector with its focus on Industry 4.0 technology, suggesting a stance on integrating sophisticated manufacturing processes. The investment is earmarked for creating a technologically advanced facility, slated to utilize Industry 4.0 technology to ensure efficiency and security while curtailing potential counterfeiting and fortifying authenticity.
As for potential global market expansion beyond Malaysia, NexG is currently looking into international opportunities. The upcoming facility will cater to the production of high-security identity documents, typical offerings that feature advanced security features and manufacturing techniques.
This investment underscores NexG's dedication to innovation as they aim to command a substantial portion of the global identity document market with their strategic approach.
NexG intends to bolster its facilities with the integration of advanced technology, specifically artificial-intelligence and Industry 4.0, to enhance the efficiency and security of its identity document production. The new technologically-advanced facility will be equipped with such technologies, ensuring the production of secure and sophisticated identity documents, positioning NexG for potential market expansion globally.
