Paos disposes of land in Klang

PAOS Holdings Bhd's unit, Paos Industries Sdn Bhd, is disposing of a leasehold industrial land in Klang, Selangor, to KYS Enterprise Sdn Bhd for RM20.5 million. Proceeds from the disposal will be utilised towards working capital of the company, it said in a filing to Bursa Malaysia.

(New Straits Times 26-3-2008)

Acerinox picks Malaysia for first Asian plant

JOHOR BARU: Spanish steel company Acerinox S.A. is investing RM5bil in its new production plant in Tanjung Langsat near Pasir Gudang. The Johor plant will be the company's first plant in Asia. Its existing plants - all developed with partner Nisshin Steel of Japan - are in Spain, South Africa and the US. Acerinox's investment is the single largest foreign direct investment (FDI) to be secured by Johor to date. The integrated plant, on a 140ha site, will be developed in phases. When fully ready in 12 years, it will have the capacity to produce one million tonnes of stainless steel, including 600,000 tonnes of cold-rolled steel sheets, annually. “This is a major success for Johor to continue to position itself as the premier destination for capital-intensive high-technology industries in Malaysia,” Mentri Besar Datuk Abdul Ghani Othman said in a statement yesterday. Read more>>

(The Star 8-3-2008)

Bio Big Valley set for second phase

KUALA LUMPUR: Bio Big Valley Lojing, a mega development in Gua Musang, is gearing towards its second phase, which would involve a development cost of about RM10bil. This phase, due to be completed by 2013, will be undertaken jointly by a local consortium comprising Mofaz group of companies, Solarin Holdings (M) Sdn Bhd and Telemont Sdn Bhd. Mofaz group president Mohamed Fauzy Abdul Hamid said the development was the first in the region to adopt the carbonless and total renewable energy concept. Read more>

Mapletree buys four properties in Tampoi

SINGAPORE: Mapletree Industrial Fund Ltd (MIF) is acquiring four properties at the Tampoi Industrial Estate from two related Malaysian investment and construction companies, Tangkai Jaya Sdn Bhd and Setegap Jaya Sdn Bhd, for RM61.5 million on a sale and leaseback arrangement. It said the properties consisted of four double-storey purpose-built detached factory buildings with a total gross floor area (GFA) of about 406,250 sq feet. Each of the four properties is subleased to individual tenants, Enplas Precision (M) Sdn Bhd, MCE Technologies Sdn Bhd and Celestica Electronics (M) Sdn Bhd, with Celestica Electronics occupying two buildings.

(24-1-2008 The Edge)

Technip Plans RM500 Johor Port

FRANCE-BASED oil and gas engineering company Technip Group will build a RM500 million plant to make flexible pipes in Johor, says its president and chief operating officer Bernard de Tullio.The plant will be built on a 20ha seafront site in the Tanjung Langsat industrial area. Construction will start in the second quarter of the year and be completed in 2010. The manufacturing facility will have annual production capacity of 200km of eight-inch normalised flexible pipes, and be able to handle and load on vessels for product on reels weighing up to 300 tonnes.

(23-1-2008 New Straits Times)

RM300m commercial centre to enliven Lahad Datu

A RM300 million commercial centre, called Palm City Centre, will be built on 23.5ha just outside the Lahad Datu town centre in Sabah. It is a joint venture between the Sabah Housing and Town Development Authority and Renofajar Sdn Bhd. Renofajar managing director Chris Pang said the project will complement Lahad Datu's image as a rising economic region once the state's Palm Oil Industrial Cluster (POIC) is fully operational.

(19-1-2008 New Straits Times)

RM600mil factory for new township in Perak

IPOH: A RM600mil polysilicon factory will be built at the Bandar Seri Iskandar, about 40km from here. Perak Mentri Besar Datuk Seri Mohamad Tajol Rosli Ghazali said the state had approved a plot of 243ha plot of land in the new township for UCI Corporation, a Taiwanese company. The factory, believed to be the first of its kind in the country, was expected to create 1,000 jobs for locals, he added. The plant, he said, would produce wafers and electronic components.

(16-1-2008 The Star)

Banting To Be Carbon Hub

GERMANY'S SGL Group, the world's leading maker of carbon and graphite, plans to turn Banting, Selangor, into a graphite and carbon hub in the region.It has pledged investment of some €200 million (RM964 million). SGL plans to set up two graphized electrode and cathode production plants in the area.Its chief executive officer Robert Koehler said the company had invested some €50 million (RM241 million) to build a 30,000-tonne graphite electrode plant in Banting. The second plant is scheduled to start operations in 2011, while the first facility will begin production in the second half of this year.

(12-01-2009 New Straits Times)