RM1bil more investment for Tg Langsat

  • Business
  • Tuesday, 29 Apr 2008

PASIR GUDANG: Tanjung Langsat industrial estate is expected to receive an additional RM1bil investment this year, said Johor Corp (JCorp) chief executive officer Tan Sri Muhammad Ali Hashim.

He said the local and foreign investment was in the heavy industries related to chemical, petrochemical, oil and gas, biofuel and palm oil activities.

“We are seeing new waves of investors coming and we are on a right track to attract them here,” Ali told reporters on Saturday at the KFC Yachting competition.

He said JCorp could not reveal the names of the investors and the countries they were from but would do so once it received green light from them.

Last month, Spanish steel company Acerinox S.A. announced it was investing RM5bil in its new production plant in Tanjung Langsat, its first in Asia.

Ali said Tanjung Langsat was also near the Pasir Gudang industrial estate, which has the largest concentration of palm oil and oleochemical refinery activities in the world, and a wide range of supporting industries.

The 1,400ha Tanjung Langsat industrial estate is being developed by JCorp subsidiary TMP Technopark Sdn Bhd.

“To date, 21 local and foreign companies, with combined total investment of RM1.5bil, are operating in the estate,” said Ali.

Tanjung Langsat is one of five designated growth zones within Iskandar Malaysia under the Eastern Gate Development flagship zone.

Ali added that TMP Technopark was currently developing 283.27ha in Sedenak into an industrial park for small and medium industries.

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