Bhutan Introduces First National Digital Identity Program to Global Verification System
NexG Invests Heavily in High-Tech Identity Document Manufacturing Facility
In a significant move to address growing international demand for superior-quality identity documents, NexG has announced plans to invest around RM250 million in a cutting-edge production facility. This facility, designed according to Industry 4.0 standards, will feature advanced security infrastructure and fully automated processes to boost efficiency and precision.
The newlybuilt plant, to be implemented in three phases, aims to increase annual production capacity to over 15 million units of secure ID documents. The first phase is expected to generate between US$100 million and US$200 million in revenue, depending on factors like document type, specific requirements, and security levels.
By developing this facility with advanced technology, NexG plans to expand its customer base and strengthen its position as a global supplier of secure identity documents. The increased production capacity will better enable the company to meet international demand, particularly in regions with stringent security requirements.
The new plant's emphasis on automation will provide a competitive edge by ensuring high-quality and secure documents, making it more attractive to international clients seeking reliable identity solutions. NexG's strategic investment in both domestic and international markets positions the company well to thrive in a rapidly evolving global market for secure identity documents.
The strategic investment by NexG in a high-tech identity document manufacturing facility demonstrates their commitment to the industry, specifically the finance sector, as they aim to cater to the increasing global demand for secure identity documents. With the implementation of advanced technology, this facility is expected to drive growth in the technology sector, bolstering NexG's presence as a leading global supplier of secure identity solutions.
