Tuesday, 11 July 2017

(The Star) Exco: China firm to set up RM300mil plant in Pekan Nanas

PONTIAN: Johor is finalising details on an investment from a China company in the industrial building system (IBS) that wants to set up its manufacturing facility in Pekan Nanas.

State Tourism, Trade and Domestic Consumerism committee chairman Datuk Tee Siew Kiong said the firm would invest between RM200mil and RM300mil.

“We are hoping to conclude the deal anytime soon and the company is likely to start their operations within a year from now,” he told reporters yesterday.

Tee said this during his working visit to The Cookies Factory Sdn Bhd at Batu 35 1/2 Jalan Johor-Pontian as part of his regular visits to industrial areas in Johor.

He said the investment would create about 100 to 150 new job opportunities.

“The Chinese investor is choosing Pekan Nanas due to Pontian district’s close proximity with Iskandar Malaysia,” he said.

He said demand for the IBS-related products was on the upward trend in Iskandar Malaysia as many projects including property developments and infrastructure works were taking place in south Johor.

“We are also currently talking with other investors from China, Japan and Singapore which have shown strong interest to set up their facilities in Iskandar Malaysia,” said Tee.

He said Johor was confident of maintaining its position this year as the top investment destination in the manufacturing sector in the country.

Tee said although it was getting more challenging to attract new domestic and foreign investors due to the uncertainties in the global economic growth, majority of the investors still preferred Johor.

He said Johor received about RM14.4bil investment in the manufacturing sector in 2013, and the figure went up to RM21.1bil and RM31.1bil in 2014 and 2015 respectively.

“Last year, we received about RM26.4bil investment and we are likely to retain our top position again this albeit operating in unfavorable situation,” said Tee.