JOHOR BARU: Colorcon Inc, a world leader in the development, supply and support of formulated products for the pharmaceutical industry, has chosen Johor as the destination for its first manufacturing plant in South-East Asia, says Lee Ting Han (pic).
The Johor investment, trade and consumer affairs committee chairman said the company, through its subsidiary Colorcon Malaysia Sdn Bhd, would be investing US$50mil (RM230mil) to build the 90,000 sq ft facility in Iskandar Puteri here.
"The new plant, set for completion in July 2025, would be the company’s 12th in the world and first in Malaysia that could produce film coating products formulated specifically for pharmaceutical application and regulatory requirements.
According to the Malaysian Investment Development Authority, the country imported RM23mil worth of products produced by the company last year.
"Once the facility is completed, we can expect to reduce our dependence on imports besides elevating Malaysia into a pharmaceutical manufacturing hub to satisfy the markets in South-East Asia as well as Australia, New Zealand, Korea, Taiwan and Pakistan.
"It is highly encouraging to see a high-technology company choosing to set up shop in i-TechValley SILC, an industrial park in the Iskandar Malaysia economic zone.
"In doing so, the international companies have also helped to put the state on the world map," he said at the company’s groundbreaking ceremony on Tuesday (June 6).
Lee attended the event as Johor Mentri Besar Datuk Onn Hafiz Ghazi’s official representative.
Lee added that Colorcon would be creating about 50 vacancies for highly-skilled workers and the numbers would increase in the future as needed.
Last week, leading international glass container supplier Bucher Emhart Glass also made Johor its home by setting up a RM135mil manufacturing plant in Senai, Kulai.