South Korea-based OCI to invest in Sarawak


KUCHING: South Korea-based OCI Co Ltd is set to invest in an electronic-grade polysilicon (EG Poly-Si) semi-finished product plant project in Sarawak via a joint-venture (JV) with Japan’s Tokuyama Corp.

The JV is expected to be established in the first half of 2024 (1H24) and the new 11,000-tonne plant is scheduled to be completed and commence production in 1H26, said OCI in an investors’ relation report on new investments and business updates when releasing its second quarter ended June 30, 2023 (2Q23) financial results.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

MPay signs agreement for mobile wallet and prepaid card issuance
China's yuan hits fresh 14-month high despite PBOC's caution about rapid gains
Gold clings to 7-week high as investors gauge Fed trajectory; silver near record peak
Yinson’s 3Q net profit rises 19.5%, declares 1 sen dividend
Capital A, Standard Chartered Malaysia in tie-up to explore ringgit-denominated stablecoin
Early signs of stabilisation in FMCG sales
Manufacturing sales up 6.3% in October to RM171.7bil
Straits Energy unit wins sustainability award for Setiu Wetlands restoration
CTOS Digital appoints Ankur Sehgal as new group CEO
Kerjaya Prospek bags RM225mil contract for mixed development in Johor

Others Also Read