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IFC will extend an A Loan of up to US$125 million to OCI TRS, primarily to fund the construction of the facility in Bintulu, which is set to be the first of its kind in Southeast Asia.
KUALA LUMPUR (March 30): The World Bank Group, through its private-sector arm, International Finance Corporation (IFC), is partnering with OCI TerraSus Sdn Bhd (OCI TRS) to strengthen Malaysia’s role in the global semiconductor supply chain while supporting job creation.
OCI TRS, a Malaysian subsidiary of Korea’s OCI Holdings Company Ltd, will work with IFC to enhance its environmental, social and governance (ESG) standards and management systems, it said in a statement on Monday.
The collaboration centres on the development of a clean energy-powered manufacturing facility for ultra-high purity semiconductor-grade polysilicon in Bintulu, Sarawak, through a joint venture with Japan’s Tokuyama Corporation.
IFC will extend an A Loan of up to US$125 million to OCI TRS, primarily to fund the construction of the facility, which is set to be the first of its kind in Southeast Asia.
Once operational, the plant will run on renewable energy and produce key raw materials used in silicon wafers and semiconductor chips, supporting the creation of high-quality jobs.
The project is expected to strengthen Malaysia’s position in the global semiconductor ecosystem while advancing the region’s participation in high-value manufacturing.
Through the partnership, OCI TRS aims to further improve its corporate governance, ESG capabilities, technical expertise, competitiveness and long-term resilience.
OCI Holdings and OCI TerraSus chairman Lee Woo Hyun said the partnership’s benefits extend beyond support for a physical infrastructure and is a key driver in strengthening our management systems, ESG practices and long-term competitiveness as a global company.
“As demand grows for semiconductors and artificial intelligence, the importance of high-purity materials will continue to increase.
“This cooperation with IFC is a recognition of our ESG enhancements. It reinforces our confidence in Sarawak and Malaysia as strategic partners in the global semiconductor value chain,” he said.
Meanwhile, World Bank Group Country Manager for Malaysia Judith Green said the partnership marks IFC’s first project in Sarawak.
“Malaysia has significant ambitions to move up the value chain in value-added manufacturing industries, which are significant creators of jobs, making them a key area of focus for the World Bank Group, and we are delighted to support the country towards fulfilling these ambitions.
“We are also encouraged by OCI TerraSus’s commitment to strengthening its environmental, social and governance standards, and look forward to supporting the company in achieving its commitments,” she added.
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