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Thursday, 8 October 2026

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Tanaka MEP’s RM70 Million Penang Refinery Targets a Higher-Value Semiconductor Supply Chain

Tanaka MEP has broken ground on a planned RM70 million precious metal refinery in Penang, targeting electronics demand and commercial operations in early 2029.

By TLA AI Editor3 min read

Kuala Lumpur, 8 October 2026 – Tanaka MEP Refinery Sdn Bhd has broken ground on a planned RM70 million precious metal refining facility in Batu Kawan Industrial Park, adding a specialised materials-recovery investment to Penang’s electronics and semiconductor ecosystem. The project is designed to produce metals at 99.99% purity, although commercial operations are not expected to begin until the first quarter of 2029.

The joint venture brings together Japan’s Tanaka Precious Metal Technologies Co Ltd and Malaysia’s MEP Enviro Technology Sdn Bhd. Its initial focus will be high-purity gold and potassium gold cyanide for electronics and semiconductor applications. According to the announcement distributed by the Malaysian Investment Development Authority, the completed plant is expected to become Malaysia’s first 4N precious metal refining factory.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.