Japan firm to expand ops near Lynas plant

  • Nation
  • Thursday, 04 Aug 2011

KUANTAN: A Japanese plastic company is investing RM600mil to expand its operations in the Gebeng industrial area, not far from the site of the controversial Lynas Corp’s rare earth plant.

The move was seen as a vote of confidence in the Pahang Govern­ment and the country’s political stability, said Mentri Besar Datuk Seri Adnan Yaakob.

He said the company, Polyplas­tics Asia Pacific Sdn Bhd which set up its operations in ear­ly 2000, was investing to increase its production by three-folds.

“The additional investment dispels criticism that there is none coming to Pahang.

“There are more coming but we are unable to disclose the amount yet due to certain reasons,” he told reporters after a courtesy call from the company’s executives, led by Polyplastics Co Ltd Japan executive director Yasutoshi Segi­zawa at the Pahang Foundation complex here yesterday.

Adnan said the investment also showed that the multi-national company was unfazed by the controversy surrounding Lynas Corp.

“In fact, other multi-national firms operating within the same area were not perturbed by the project and are still running their businesses as usual.

“Polyplastics is expanding its fa­­cility and what does that mean?”

Adnan claimed that those against the rare earth plant simply refused to accept facts.

He said Gebeng, which was the country’s chemical and petrochemical hub, had provided jobs and career advancement to locals.

Segizawa said although the new plant would be smaller, it would be using cutting edge technology allowing production to increase to 90,000 tonnes yearly from 33,000 tonnes.

“There will be an extra 80 workers to the present 250-strong staff. Construction is expected to commence next year with completion scheduled in 2013,” he said, adding that operation would start the following year.

He also said both plants – located on 30ha of land – produced engineering plastic resin, 60% of which was used in various applications, including the manufacture of automotive products such as car dashboard for markets in China and India.

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