PASIR GUDANG: The Oryx Stainless Group (Oryx), one of the world’s leading suppliers of recycled stainless steel raw materials headquartered in the Netherlands, officially opened its latest facility in Johor yesterday.
The site reinforces the region’s position as a strategic hub for sustainable industrial growth, Oryx and the Malaysian Investment Development Authority (Mida) said in a joint statement.
Johor Mentri Besar Datuk Onn Hafiz Ghazi said Oryx’s facility demonstrates how climate action, industrial excellence and economic development can go hand in hand.
Mida chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said as a respected name in stainless steel recycling, Oryx strengthens both Johor’s industrial capabilities and Malaysia’s position in the global circular economy.
The facility arrives at a crucial time for Malaysia’s environmental goals, supporting the national target of 45% carbon intensity reduction per gross domestic product by 2030 and helping attract RM300bil in green investments.
With each tonne of recycled material saving up to 8.5 tonnes of CO2, the plant’s annual impact approaches one million tonnes in emissions reduction, the statement added.
