November 5, 2026
KUALA LUMPUR: Tanco Holdings Bhd, through a consortium comprising its indirect wholly-owned subsidiary, Tanco Builders Sdn Bhd, and CNECC Engineering (Malaysia) Sdn Bhd, secured a RM700 million contract from Jaroses Partners Sdn Bhd to construct a logistics warehouse complex with cold-storage facilities in Pulau Indah, Selangor.
Tanco group managing director Dato’ Sri Andrew Tan Jun Suan said that when the group established the collaboration with CNECC Malaysia last year, the objective was to pursue larger logistics warehouse projects by combining respective strengths.
“We are not looking at contract size alone. What matters is having the right partner, clearly defined responsibilities, and a commercial arrangement that optimises our financial exposure.
“This approach allows us to pursue larger projects and coordinate key deliverables while focusing our capital on areas where we can contribute most effectively,” he said.
The contract was formally inked today during the China-ASEAN Forum on Peaceful Uses of Nuclear Technology, themed “Atoms for a Better Home” and hosted by the China Atomic Energy Authority (CAEA) at the Shangri-La Kuala Lumpur.
The high-level event was attended by China’s Vice Minister of Industry and Information Technology Shan Zhongde, Malaysia’s Minister of Science, Technology and Innovation Datuk Chang Lih Kang, China National Nuclear Corporation Chairman Shen Yanfeng, and China Nuclear Industry Huaxing Construction Co Ltd chairman Zhou Bo.
The contract marks a commercial outcome from Tanco’s December 2025 collaboration with CNECC Malaysia, established specifically to pursue logistics warehouse and mega-storage construction opportunities in Malaysia.
The award broadens Tanco’s construction portfolio beyond its existing residential and infrastructure works into specialised industrial warehousing.
Jaroses Partners is a project company backed by FMM House Sdn Bhd, an industrial property investment group chaired by Tan Sri Dato’ Teo Chiang Hong, who is also the chairman of M Holdings Group.
Located along Lebuh Raya Pulau Indah, the development will comprise two single-storey ambient warehouses, a cold-storage warehouse with a compressor room, and supporting infrastructure including an office building, a 33kV electrical substation and other ancillary facilities.
The project’s location places it within the Port Klang logistics corridor, one of Malaysia’s principal maritime and distribution gateways.
According to the Ministry of Transport, Port Klang handled a record 15.14 million twenty-foot equivalent units (TEUs) in 2025, up 3.4% from 2024.
It also retained its position as the world’s 10th busiest container port in the Lloyd’s List 2026 rankings, reflecting the scale of logistics activity in the surrounding area.
Under the consortium agreement, Tanco Builders will lead coordination with the project owner, local authorities and relevant stakeholders, while CNECC Malaysia will undertake the principal technical, procurement, construction and commissioning responsibilities.
The signing ceremony was witnessed by Chang and Zhou Bo, the ultimate holding company of CNECC Malaysia.
HXCC is a key subsidiary of China National Nuclear Corporation (CNNC).
With a history dating back to 1958, HXCC has extensive experience in nuclear power, industrial and civil construction, and international engineering projects.
Leveraging this international expertise, the collaboration between Tanco Builders and CNECC Malaysia brings together local project coordination capabilities and technical construction expertise to support the development of modern industrial and logistics infrastructure in Malaysia.
The Pulau Indah project further reinforces Tanco’s commitment to expanding its presence in the domestic industrial construction sector, particularly in specialised warehousing and cold-chain facilities, while contributing to the continued growth of Malaysia’s logistics and supply chain ecosystem.