KRC attracts over RM2.2bil in investments


Kedah Menteri Besar Muhammad Sanusi Md Nor (file pic) said KRC is an attractive destination for businesses in the medical devices sector, particularly medical glove manufacturers, to expand their operations.

KUALA LUMPUR: Kedah Rubber City (KRC) has attracted over RM2.2bil committed investments for advanced latex products development, production of feedstock, manufacturing, storage warehousing and logistics despite the ongoing Covid-19 pandemic.

Kedah Menteri Besar Muhammad Sanusi Md Nor (file pic) said KRC is an attractive destination for businesses in the medical devices sector, particularly medical glove manufacturers, to expand their operations.

“I am happy with the Northern Corridor Implementation Authority’s (NCIA) investment performance where RM6.8bil in approved investments have been secured in the first quarter of 2021.

“This has exceeded the approved investment target for Kedah this year by more than 20%, ” he said in a statement.

NCIA chief executive Datuk Seri Jebasingam Issace John said linked with the Malaysian rubber industry value-chain, KRC is the first dedicated rubber industrial park in the country that is anticipated to accelerate Malaysia to be the regional high-value rubber manufacturing hub in AseanNCIA chief executive Datuk Seri Jebasingam Issace John said linked with the Malaysian rubber industry value-chain, KRC is the first dedicated rubber industrial park in the country that is anticipated to accelerate Malaysia to be the regional high-value rubber manufacturing hub in Asean

Muhammad Sanusi also said the proximity to raw materials and the lucrative border trade with Thailand added to the pull factor for rubber industry players to invest in KRC.

He expects more than 4,500 jobs to be created for the locals, which would indirectly impact positively on the socio-economic development in Kedah.

NCIA chief executive Datuk Seri Jebasingam Issace John said linked with the Malaysian rubber industry value-chain, KRC is the first dedicated rubber industrial park in the country that is anticipated to accelerate Malaysia to be the regional high-value rubber manufacturing hub in Asean.

Spanning nearly 505.86 hectares, KRC is a national project under the Northern Corridor Economic Region’s Strategic Development Plan 2021-2025. It is now ready to accept investors following the completion of basic infrastructure works under phase one. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

KRC , Kedah Rubber City , gloves , Thailand ,

   

Next In Business News

GLOBAL-LNG-Asian spot prices hit $10 on global supply disruptions
With superheroes and sci-fi, Disney+ outlook bright
Picasso oil painting sells for over US$100mil at New York auction
Oil prices jump as major US fuel pipeline restarts but COVID concerns cap gains
GLOBAL MARKETS-US and world stocks surge in recovery; dollar, bond yields dip
Short Position - Cryptocurrency, YTL Cement, vaccination
Coastal Contracts alters course
Pentamaster rides on solid demand
Growing Port Klang for years to come
All about the largest port in Malaysia

Stories You'll Enjoy


Vouchers