Project will help boost the economy, says Wan Rosdy

Wan Rosdy (eighth from left) and Dr Ong (on Wan Rosdy’s left) with officials and the Chinese delegation at the ground-breaking ceremony of Maxtrek Tyre.

KUANTAN: Alliance Steel’s (ASSB) 3.5 million tonnes integrated steel project at the Malaysia-China Kuantan Industrial Park (MCKIP) has been commissioned, a year after starting operations.

Mentri Besar Datuk Seri Wan Rosdy Wan Ismail said ASSB was one of the top five China companies operating in Malaysia in terms of investment, with a total of RM5.6bil invested.

“I was informed that 16.15% of the investment had been utilised for green technology and environment protection facilities. The tubular conveyor belt with a length of 12km from Kuantan port is a remarkable effort in protecting the environment,” he said at the commissioning ceremony here.

Wan Rosdy added that the investments brought in could be observed in infrastructure and networking facilities that ultimately benefitted locals, Kuantan city and Pahang.

“ASSB directly and indirectly has helped create wealth for locals, benefiting the workers and stimulating local economy. Business opportunities have also been created with a total of RM530mil in local contracts to date,” he said.

Also present were Deputy International Trade and Industry Minister Dr Ong Kian Ming and Guangxi Beibu Gulf International Port Group chairman Zhou Xiaoxi.

Zhou congratulated the management and workforce of ASSB in making the commissioning of the operation of manufacturing 3.5 million tonnes of steel operational.

At the event, Maxtrek Tyre Manufacturing Malaysia Sdn Bhd was also launched in MCKIP Phase 2.

Maxtrek Tyre is a subsidiary of Zhaoqing Junhong Co.,Ltd. from Guangdong, China and will operate its factory on land measuring over 121.4ha.

ASSB, in a statement, said this win-win economic co-operation between China-Malaysia Qinzhou Industrial Park and MCKIP in both countries had fostered a close relationship to bring development on a bilateral basis.

“Prime Minister Tun Dr Mahathir Mohamad’s recent visit to China has successfully achieved the pinnacle of economic, cultural and trade ties between China and Malaysia.

“China’s Belt and Road initiative under the leadership of Xi Jinping is one of the keys to opening up development at the east coast of the peninsular,” it said.

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