December 02, 2008 18:25 PM
ECER Set To Woo RM112 Billion Investments By 2020, Says Abdullah
KERTIH, Dec 2 (Bernama) -- The East Coast Economic Region (ECER) is set to woo RM112 billion worth of investments in the next 12 years between 2008 and 2020, Prime Minister Datuk Seri Abdullah Ahmad Badawi said Tuesday.
He said the bulk of the investments or 47 per cent of the funds would come from the private sectors from within and outside the country.
Abdullah said the substantive investments would have long-term impact, particularly on the people in this region and Malaysians in general.
"So far, the encouraging progress shown by the ECER Development Council is very satisfying," he said when opening the Plastics Cluster Industrial Park in this oil town here.
He said many projects have been started since the park was launched in 2007.
Of the 105 projects in the drawing board, 77 of them will be implemented by June next year, he said.
The prime minister said he will visit the other economic corridors to personally gauge the progress achieved so far.
"Besides the basic infrastructures needed to attract investors, high-impact agriculture, manufacturing and education projects have already been implemented," said Abdullah who initiated the economic corridor development nationwide to stimulate economic growth and create employment for the people.
To jump-start the economic-centric projects, the government has allocated a a staggering RM2.6 billion approved under the Mid-Term Review of the Ninth Malaysia Plan, he said, adding that the projects will be continued under the 10th Malaysia Plan.
Abdullah said the ECER was committed to implement social development programmes to wipe out abject poverty among the rural folk.
For instance, the 25,000ha agropolitant project involving nearly 9,000 hardcore poor families has been started in line with the government's aim to wipe out abject poverty by 2010.
"The ECER's importance to the east coast states residents is indeed very clear. As a people-friendly socio-economic programme, the ECER's cherished goal is to transform Pahang, Kelantan and Terengganu into a developed region by 2020," he added.
-- BERNAMA
Showing posts with label Plastic Park. Show all posts
Showing posts with label Plastic Park. Show all posts
Wednesday, December 10, 2008
Latenfield To Invest RM40 Million In Kertih Plastic Park Of Ecer
December 01, 2008 19:40 PM
Latenfield To Invest RM40 Million In Kertih Plastic Park Of Ecer
KUALA LUMPUR, Dec 1 (Bernama) -- Latenfield Pipe Industries Sdn Bhd plans to invest about RM40.23 million in building its first factory to manufacture pipes at the Kertih Plastic Park (KPP)in Kertih, Terengganu.
This follows an announcement in April by Hi-Essence Sdn Bhd that it would invest RM85 million to build a cable and plastic wire factory, said the East Coast Economic Region (ECER) in a statement Monday.
The KPP was built under the ECER masterplan to develop the petrochemical industry stream.
Located on a 4.8 hectare site within the plastic hub, the Latenfield factory will produce Modified Polyvinyl Chloride (MPVC) pipes that do not easily deteriorate and are of a high quality.
Latenfield managing director Chong Chow Yee said the company planned to penetrate the agricultural industry, water reticulation and sewage, mining and cabling as well as that for internal piping, for the MPVC pipes produced by the new factory.
"Latenfield is optimistic of netting RM40 million in annual sales when the new factory begins operations in two years time," he said.
Chong also said that orders for the MPVC pipies were expected from overseas, especially from among Asean countries.
"We are looking at having in place an extensive network for pipes as an orginal equipment manufacturer," added.
Chong who also heads EPMS Networking (K.Trg) Sdn Bhd, EPMS Home Titivation (Ktn) Sdn Bhd and EPMS Construction Sdn Bhd.
EPMS sells pipes and tanks of a high quality used extensively in the construction industry.
MPVC is a product widely accepted in developed countries such as Australia and New Zealand for application in pressure piping.
It is produced by combining a PVC resin with a polymeric switching agent, to yield a strong finish for the end product.
At the KPP, Latenfield will cooperate with Vinyl Chloride (M) Sdn Bhd, a Petronas subsidiary, who will supply the MPVC compound as well as the technical assistance.
The pioneer, integrated KPP, is expected to attract an investment of RM2 billion while creating jobs for more than 7,000.
-- BERNAMA
Latenfield To Invest RM40 Million In Kertih Plastic Park Of Ecer
KUALA LUMPUR, Dec 1 (Bernama) -- Latenfield Pipe Industries Sdn Bhd plans to invest about RM40.23 million in building its first factory to manufacture pipes at the Kertih Plastic Park (KPP)in Kertih, Terengganu.
This follows an announcement in April by Hi-Essence Sdn Bhd that it would invest RM85 million to build a cable and plastic wire factory, said the East Coast Economic Region (ECER) in a statement Monday.
The KPP was built under the ECER masterplan to develop the petrochemical industry stream.
Located on a 4.8 hectare site within the plastic hub, the Latenfield factory will produce Modified Polyvinyl Chloride (MPVC) pipes that do not easily deteriorate and are of a high quality.
Latenfield managing director Chong Chow Yee said the company planned to penetrate the agricultural industry, water reticulation and sewage, mining and cabling as well as that for internal piping, for the MPVC pipes produced by the new factory.
"Latenfield is optimistic of netting RM40 million in annual sales when the new factory begins operations in two years time," he said.
Chong also said that orders for the MPVC pipies were expected from overseas, especially from among Asean countries.
"We are looking at having in place an extensive network for pipes as an orginal equipment manufacturer," added.
Chong who also heads EPMS Networking (K.Trg) Sdn Bhd, EPMS Home Titivation (Ktn) Sdn Bhd and EPMS Construction Sdn Bhd.
EPMS sells pipes and tanks of a high quality used extensively in the construction industry.
MPVC is a product widely accepted in developed countries such as Australia and New Zealand for application in pressure piping.
It is produced by combining a PVC resin with a polymeric switching agent, to yield a strong finish for the end product.
At the KPP, Latenfield will cooperate with Vinyl Chloride (M) Sdn Bhd, a Petronas subsidiary, who will supply the MPVC compound as well as the technical assistance.
The pioneer, integrated KPP, is expected to attract an investment of RM2 billion while creating jobs for more than 7,000.
-- BERNAMA
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