NTPM investing RM61mil for Ho Chi Minh City plant


GEORGE TOWN: Tissue paper manufacturer NTPM Holdings Bhd is investing US$20mil (RM61.15mil) this year to set up a manufacturing facility in Ho Chi Minh City, Vietnam, to penetrate the domestic market with its products.

Group managing director Lee See Jin told StarBiz that the group's plant would be located in the Vietnam Singapore Industrial Park on a 100,000-sq-ft site that would also accommodate a warehouse.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , ntpm , tissue , lee see jin

Next In Business News

Fitch's affirmation of Malaysia's ratings bolstered by sterling performance across key ESG indicators
PHB secures upgrade to Gold sustainability rating from RAM Sustainability
Oil edges down with Ukraine peace talks, US rate decision in spotlight
DKSH launches offer to take DHMB private at RM6.15 a share
Stocks dip as nervy markets wait for Fed verdict, rates outlook
China to prioritise innovation, AI in 2026 economic agenda
Moody’s downgrades Genting and subsidiaries; outlook stable
TechStore unit bags RM89.68mil job for Kelana Jaya Line
I-Bhd to partner UiTM in developing AI innovations
FBM KLCI's losing streak poised to continue for fifth day

Others Also Read