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Wednesday, 28 October 2026

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Malaysia’s Vertex Material Unveils US$2.2 Billion Copper Deal, Eyes Nasdaq Listing in 2027

Malaysian advanced-materials company Vertex Material has announced a US$2.2 billion, 15-year offtake agreement with Sky-Dweller as it expands into India and plans a US manufacturing facility and Nasdaq listing.

By Bernard Lee7 min read

Kuala Lumpur, 28 October 2026 – Malaysian advanced-materials company Vertex Material has unveiled a US$2.2 billion (approximately RM9.3 billion), 15-year offtake agreement with US-based Sky-Dweller Construction LLC, extending their copper-composite materials partnership into India as the company prepares for international manufacturing expansion. The announcement was made at a signing ceremony at W Kuala Lumpur on Wednesday, witnessed by Minister of Science, Technology and Innovation Datuk Chang Lih Kang, with Nasdaq Vice Chairman Bob McCooey also in attendance.

For Malaysian businesses and investors, the agreement represents an example of homegrown industrial technology seeking a place in global supply chains. Vertex plans to establish a large-scale manufacturing facility in Arizona, targeting commercial production in 2028, while pursuing a proposed direct listing on Nasdaq in 2027. Both plans remain subject to financing, regulatory requirements and other approvals, making commercial execution a key consideration as the company expands beyond Malaysia.

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Author

  • Bernard Lee

    Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.