Hong Seng Industries to invest RM3bil in one of world's largest NBL plants in Kedah

PUTRAJAYA: Hong Seng Consolidated Bhd's subsidiary Hong Seng Industries Sdn Bhd will invest RM3 billion in Kedah Rubber City (KRC) to build one of the world's largest nitrile butadiene latex (NBL) plants starting next year, said Hong Seng Group managing director Datuk Seri Teoh Hai Hin.

At a press conference after the symbolic groundbreaking ceremony for the NBL manufacturing plant construction project here today, Teoh said the plant was expected to attract additional investment of RM5 billion through the support industry and the nitrile rubber industry value chain.