Jingxing Group commits RM1.9bil to Malaysia expansion


KUALA LUMPUR: Global paper manufacturer Zhejiang Jingxing Paper Joint Stock Co. Ltd’s wholly owned subsidiary, Jingxing Holdings (M) Sdn Bhd, has committed RM1.9 billion to a phase two expansion of its operations in Banting, Selangor.

In a joint statement on Monday, Jingxing Paper and the Malaysian Investment Development Authority (MIDA) said the expansion will introduce advanced manufacturing lines supported by integrated thermal power, water treatment and wastewater management systems.

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

Next In Business News

DRB-Hicom shares up on revised US$110.62mil purchase price for Spirit MY
AirAsia X eyes second-tier cities and broader Europe-Central Asia connectivity next year
Japan's Nikkei skids in subdued Asia as bets of rate hike grow
Oil prices head for 2% weekly gain as Fed hopes boost market, Venezuela tensions loom
Ringgit opens stronger at RM4.10 vs greenback
Subdued trading on Bursa continues as traders await Fed rate decision
Trading ideas: DRB-Hicom, Al-Aqar, Haily, Pharmaniaga, Gagasan Nadi, Paragon, Orkim, BMS, VS Industry, APB, Destini, MSC, Only World, HB Global, Jetson
Indices end near flat, supported by Fed hopes
Ringgit to hold firm into next year
Opportunity for investors to profit from Spritzer

Others Also Read