JAG Eyes Growth In Recycling Data Centre, Solar Panel, EV Battery Waste
By K. Naveen Prabu
KUALA LUMPUR, Nov 4 (Bernama) -- Total waste management company JAG Bhd is exploring opportunities to recycle discarded data centre equipment, solar panels and electric vehicle (EV) batteries to broaden its recycling operations.
Its chairperson and executive director, Datin Stacey Tan Siew Ching, said the group is expanding its operational capacity by acquiring industrial land in Hicom Industrial Estate, Shah Alam, to provide additional space for production and storage.
It was reported that JAG’s wholly-owned subsidiary, JAG Renewable Energy Sdn Bhd, is acquiring a 15,000-square-metre freehold industrial land in Hicom Industrial Estate from Japan-based Kobe Steel Ltd for RM36.89 million to expand its total waste management business.
“This expansion will strengthen our ability to capture emerging end-of-life recycling opportunities from data centres, solar panels and EV batteries,” she told Bernama.
Tan said the group also aims to recover value from more types of waste and operate on a larger scale, with its growth strategy also focusing on securing multi-year contracts with semiconductor companies and multinational corporations.
“As Malaysia attracts more investment into semiconductors, artificial intelligence (AI) infrastructure, data centres and high-value manufacturing, we see opportunities to position JAG as a trusted recovery partner supporting these growing industries,” she said.
Tan said JAG also plans to expand into non-scheduled waste and service-based treatment, including oil and gas waste, as well as municipal electronic waste (e-waste), such as discarded household appliances.
“Another area of focus is downstream processing, including gold and silver minting, to turn recovered precious metals into higher-value finished products,” she said.
Tan said the group's total waste management business remains its principal revenue contributor, accounting for approximately 92 per cent of group revenue in the financial year ended Dec 31, 2025 (FY2025).
The group recorded two consecutive profitable quarters, with a profit after tax of RM11.72 million in the first half of FY2026, supported by the normalisation of operations following disruptions caused by the Putra Heights gas pipeline incident in 2025, favourable metal prices and improved production efficiency.
She said the group would focus on improving operational efficiency and strengthening its sourcing and recovery capabilities to extract more value from waste materials.
“Our earnings are influenced by metal prices, foreign exchange and global industry conditions, so we remain measured and will manage inventory and costs carefully.
“We are confident in the underlying strength of our total waste management platform,” said Tan, adding that the group plans to extend its reach into upstream gold.
Last month, JAG announced that it is acquiring a 6.17 per cent stake in Australian Securities Exchange (ASX)-listed Metal Bank Ltd for A$752,400 (RM2.15 million) through a private placement.
“This complements our existing precious metal recycling and recovery operations and creates opportunities for potential long-term synergies.
“Together, these initiatives will strengthen our core business while positioning JAG for sustainable long-term growth,” she said.
-- BERNAMA