Petaling Jaya: Naza Corporation Holdings Sdn Bhd (Naza Group) announced that it has completed the acquisition of 100% stake in Berjaya Enviro Holdings Sdn Bhd (BEnviro), a leading company in the waste management industry.
This acquisition provides a unique opportunity for Naza Group to take on the green economy by capitalizing on growth opportunities in the municipal solid waste, scheduled waste and waste-to-energy sectors.
The completion of the acquisition marks an important milestone in Naza’s growth trajectory and solidifies its position as a leading player in Malaysia’s waste management sector.
The acquisition involves Naza acquiring seven entities under BEnviro, namely BPJ-Berjaya Sdn Bhd, Berjaya Eco Services Sdn Bhd, Save the Sea Sdn Bhd, Berjaya Enviro Parks Sdn Bhd, Amita Berjaya Sdn Bhd. Sdn Bhd, J&T Berjaya Alam Murni Sdn Bhd, and Berjaya Energy Sdn Bhd.
SM Nasarudin, Executive Chairman of Naza Group, SM Nasimuddin said: “With this acquisition, Naza will be able to leverage the extensive operational infrastructure, technological advancements and talented workforce of BEnviro and its seven subsidiaries to provide comprehensive solutions to meet Malaysia’s waste management needs. ” Subsidiary.
“We recognize that waste management is a cornerstone of the green economy and provides a stable revenue stream that is not affected by business cycles. It strengthens Naza’s dedication to the strategic growth of its business scope as it embarks on promoting environmental sustainability.”
Nasaruddin said Naza Group is exploring new areas in line with its vision of sustainable development, resource efficiency and maintaining the highest standards of environmental management.
“Waste management, a key aspect of the green economy that is expected to grow significantly, aligns perfectly with our vision. Waste management businesses have a predictable and stable revenue stream, and the industry is It is non-cyclical in nature, both of which are important considerations for this acquisition,” he added.
Mr Nasaruddin said that under the new waste management project, Naza will develop Bukit Tagar Enviro Park, a 659-acre integrated waste management eco-park, one of the top sanitary landfills and integrated waste management eco-parks in the country. The company said it would continue to operate the company.
He added that the project includes the conversion of landfill gas into energy and expands the capacity of the planned waste management sector.
“Our focus areas for this business include municipal solid waste, planned waste and waste-to-energy conversion, with a focus on environmental responsibility and long-term sustainability,” Nasaruddin said. Stated.
