CORE-TEQ SDN. BHD.
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Core-Teq Sdn. Bhd. is a Malaysian subsidiary of the Scherpenzeel Group, based in Andijk in the Netherlands. Since its founding in 1960, Scherpenzeel has evolved into a leading producer and developer of high precision shafts, rollers and roller assemblies. Besides the production of these products for the European and US markets, the company also does a great deal in R&D, design and innovation. In January 2012, Core-Teq Malaysia moved into a new plant. This new location covers over 5,500 square meters and is well designed for growth. Many measures have been taken in order to enhance efficiency and optimize production processes, an innovation that deepens quality. Furthermore, the purchase of high-tech machines such as laser welding machines and various robot-operated equipment are an essential part of the new plant's operations. At present there are 50 full-time employees working in the Malaysian subsidiary; another 12 employees will be hired with the expansion.
What is our funding objective?
FMO is providing financing to Core-Teq with the purpose of expanding their operations in Johor, Malaysia, with state-of-the-art equipment.
Why do we fund this investment?
Core-Teq is an example of a successful Dutch technology-based, family-owned company which has expanded its operations into Asia. With FMO’s financing, Core-Teq will be able to expand its production, increase profitability by working more efficiently and diversify its production capabilities.
- Website customer/investment
- http://www.core-teq.com
- Region
- Asia
- Country
- Malaysia
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 8/2/2012
- End date
- 9/5/2017
- Total FMO financing
- EUR 0.60 MLN
- Funding
- Fund Emerging Markets
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B