MCKIP gets RM1.58bil new investments

  • Business
  • Wednesday, 01 Jun 2016

PETALING JAYA: The Malaysia-China Kuantan Industrial Park (MCKIP) has secured investments worth RM1.58bil from China and Malaysia.

With the new investments, the total investments drawn to MCKIP, which is located within the East Coast Economic Region Special Economic Zone (ECER SEZ), stood at RM15.08bil, said the East Coast Economic Region Development Council (ECERDC) in a statement yesterday.

ECER SEZ encompasses Kuantan Port, Kuantan, Gambang and Pekan in Pahang.

The new investors include Guangxi Investment Group Co Ltd, which will invest RM580mil in an aluminium component manufacturing facility.

Additionally, LJ Hightech Material Sdn Bhd will invest RM1bil in a high-technology production-based centre to produce concrete panels for construction industries and activated rubber powder.

The signing ceremony was held during the second Investment Promotion Conference for Malaysia-China “Two Countries, Twin Parks”, jointly hosted by the International Trade and Industry Ministry, the Government of the Guangxi Zhuang autonomous region, the Pahang state government, Malaysia-China Business Council and the ECER Development Council.

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