31 MAY 2016www.nst.com.my
Guangxi Investment Group to invest RM580 million in an aluminium component manufacturing facility.
Edited by : AL CIRCLE
1 min read
The Malaysia-China Kuantan Industrial Park (MCKIP) today secured an investment worth RM1.58 billion from both China and Malaysia.
With the new ventures, the total investments drawn to MCKIP, which is located within the East Coast Economic Region Special Economic Zone (ECER SEZ), stood at RM15.08 billion. ECER SEZ encompasses Kuantan Port, Kuantan, Gambang and Pekan in Pahang. The new investors include Guangxi Investment Group Co Ltd, which will invest RM580 million in an aluminium component manufacturing facility.
ECER SEZ encompasses Kuantan Port, Kuantan, Gambang and Pekan in Pahang. The new investors include Guangxi Investment Group Co Ltd, which will invest RM580 million in an aluminium component manufacturing facility.
The signing ceremony was held during the second Investment Promotion Conference for Malaysia-China "Two Countries, Twin Parks", jointly hosted by the Ministry of International Trade and Industry (MITI), the government of the Guangxi Zhuang Autonomous Region, the Pahang state government, Malaysia-China Business Council and the ECER Development Council.
MCKIP was launched in 2013 and is the first industrial park in Malaysia to be jointly developed by both Malaysia and China and to be accorded the "National Industrial Park" status.
With the new ventures, the total investments drawn to MCKIP, which is located within the East Coast Economic Region Special Economic Zone (ECER SEZ), stood at RM15.08 billion. ECER SEZ encompasses Kuantan Port, Kuantan, Gambang and Pekan in Pahang. The new investors include Guangxi Investment Group Co Ltd, which will invest RM580 million in an aluminium component manufacturing facility.
ECER SEZ encompasses Kuantan Port, Kuantan, Gambang and Pekan in Pahang. The new investors include Guangxi Investment Group Co Ltd, which will invest RM580 million in an aluminium component manufacturing facility.
The signing ceremony was held during the second Investment Promotion Conference for Malaysia-China "Two Countries, Twin Parks", jointly hosted by the Ministry of International Trade and Industry (MITI), the government of the Guangxi Zhuang Autonomous Region, the Pahang state government, Malaysia-China Business Council and the ECER Development Council.
MCKIP was launched in 2013 and is the first industrial park in Malaysia to be jointly developed by both Malaysia and China and to be accorded the "National Industrial Park" status.
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