MALAYSIA (From news reports) -- Hong Kong-headquartered Nine Dragons Paper announced it will invest US 1.3 billion to open two manufacturing facilities in Malaysia.
One facility is ND Paper Sdn Bhd in Bentong, Pahang, a US 300 million acquisition and investment involving an existing pulp and paper mill. Another facility is ND Paper Malaysia Sdn Bhd, in Banting, a US 1 billion plant that will focus on test liner, kraft liner, corrugated medium paper, paper and pulp.
The project in Banting is expected to be put into operation by 2022.
Both facilities will be fully automated and equipped with Industry 4.0 technology such as system integration, Internet of Things (IoT), big data analytic and cloud computing from Europe and China.
Nine Dragons Paper currently owns facilities in China, Vietnam and the United States, with an annual production capacity of more than 18.4 million tons.
Nine Dragons Paper chairperson Cheung Yan said the investment environment in Malaysia is attractive with the country's strategic location and infrastructure, established local supply chains that are well-integrated into the global value chain as well as the strength of its skilled talent pool.
"Malaysia's business-friendly policies such as its latest initiative of the One Stop Centre (OSC) for business travelers managed by Mida to ease travel for businesses further strengthened our confidence in investing here," she said.
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