Kuala lumpur: YBS International Bhd (YBS) is projecting its revenue to increase sharply from RM100 million to RM600 million following the completion of a landmark strategic investment to acquire the Allied Group of Companies. YBS group managing director and chief executive officer Yong Chan Cheah said the expansion marks the company's formal transition from a small and medium enterprise into a large-scale global player.
According to BERNAMA News Agency, the acquisition, which was finalized today through a strategic investment signing ceremony, is funded in partnership with EXIM Bank and is expected to triple YBS International's workforce from 1,000 to 3,000 employees, mainly across Johor, Melaka, Penang, Vietnam, and Thailand. Of this total, 82 per cent comprise Malaysian and locally-based foreign workers, while only 18 per cent are foreign workers. The signing ceremony was attended by Penang Chief Minister Chow Kon Yeow.
Yong highlighted that the acquisition represents a significant turning point for the Penang-based manufacturer as it accelerates regional expansion and enhances its competitive positioning on the global stage. He emphasized that while the company projects revenue growth to RM600 million, the integration of this investment could take two to three years, transforming its RM100 million foundation into RM400 million of sustainable capacity.
As part of the expansion, YBS plans to significantly enlarge its manufacturing footprint in Johor Bahru and Melaka, while establishing new international operations in Vietnam and Bangkok, Thailand. The regional diversification aims to secure broader revenue streams and expand the company's global customer base.
Yong noted that the partnership with EXIM Bank has been crucial, reflecting confidence from the financial sector in Penang's industrial players. He stressed that the acquisition is aimed at long-term value creation, with a disciplined integration process to ensure sustainability and alignment with YBS's core values of integrity, innovation, and resilience.
Meanwhile, Penang Chief Minister Chow Kon Yeow remarked that YBS's expansion underscores the scalability and global competitiveness of Penang-based companies. He highlighted Penang's manufacturing ecosystem as a launchpad for internationally competitive enterprises.
YBS International boasts a wide range of manufacturing capabilities, including tool and mould making, metal and plastic fabrication, and assembly processes for printed circuit boards, batteries, and box builds. Since its listing in 2003, the company has continuously adapted to the dynamic manufacturing sector while seeking growth and innovation opportunities.