Sarawak, China's Shan Ying in RM7.4bil pulp and paper plant

Sarawak Chief Minister Datuk Patinggi Abang Johari Tun Openg said the plant would use imported recycled paper for its production without having to exploit Sarawak

KUCHING: A China-based Fortune 500 company and Sarawak State Economic Development Corp (SDEC) plan to jointly invest in a US$1.8bil (RM7.4bil) pulp and paper manufacturing plant in Samalaju Industrial Park, Bintulu.

Shan Ying International Holdings Co Ltd and SEDC will collaborate on the project under a memorandum of understanding the two parties inked in Anhui Province, China, last week.