South Korea-based OCI Holdings opens regional HQ in Malaysia


Tengku Zafrul called on OCI M to support local demand as Malaysia is moving aggressively in the front-end semiconductor value chain and green sectors such as electric vehicle development and renewable energy.

KUALA LUMPUR: South Korea-based energy and chemical company OCI Holdings has opened its regional headquarters here, marking a significant milestone in its commitment to expand its presence in the region.

OCI Holdings chairman Lee Woo Hyun said the new OCI M Sdn Bhd office is located in a thriving economic hub in South-East Asia and would serve as a pivotal centre for the company’s operations, facilitating closer collaborations with stakeholders, partners and clients across the region.

“We are thrilled to inaugurate our OCI M regional headquarters in Kuala Lumpur, a vibrant city known for its dynamic business environment and strategic location.

“This milestone underscores our commitment to deepening our roots in the region and strengthening our partnerships with stakeholders and clients,” he said during the opening ceremony by Investment, Trade and Industry Minister of Tengku Datuk Seri Zafrul Abdul Aziz here yesterday.

In his speech, Tengku Zafrul called on OCI M to support local demand as Malaysia is moving aggressively in the front-end semiconductor value chain and green sectors such as electric vehicle development and renewable energy.

There are many South Korean companies that are working with the country on carbon capture, utilisation and storage which will require cutting edge technology, products and services, according to Tengku Zafrul.

“I think you have a strong manufacturing base in Malaysia by becoming a global exporter of chemical products. And I am very happy that you have made the decision to have your regional office or headquarters in Kuala Lumpur, which is really a major step ahead,” he said.

He noted that the headquarters would consolidate the services of OCI in Japan, China, the Philippines and Malaysia in terms of financial budgets, development of business plans and identification of new growth investment initiatives.

In addition, he said, the office would manage and support the network of OCI group of subsidiaries and affiliates across multiple countries, and be involved in investment ventures into chemicals and solutions not only in South-East Asia but globally.

Tengku Zafrul said OCI’s move reaffirms the nation’s attractiveness as a preferred destination for foreign investment and underscores the confidence that global companies have in its economy, infrastructure and skilled workforce.

“It demonstrates our country’s ability to provide a conducive environment for companies to thrive, innovate, and expand their operations,” he said. — Bernama

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

Next In Business News

S&P 500, Nasdaq poised for higher open as investors await inflation data
RF Acquisition II closes US$115mil IPO on Nasdaq
SC will develop framework on social exchange implementation
Genetec anticipates increasing demand for its automation solutions
Leon Fuat optimistic on long-term prospects
Maybank to launch white papers on net zero pathway for oil palm, power sectors
Favelle Favco hopeful for increased orders amid global recovery
Tex Cycle reports strong 1Q profit
Ringgit firmer against US dollar at the close
Fajarbaru gets RM15.71mil contract extension from Australian Department of Defence

Others Also Read