Business

Thursday November 19, 2009

British firm to set up RM8b plant in Bintulu

By JACK WONG


KUCHING: Burel Sdn Bhd of the United Kingdom plans to invest RM7.9bil to produce petroleum-related products in Bintulu.

Sarawak Industrial Development Minister Tan Sri Dr George Chan Hong Nam said the company would produce polypropylene, polyethylene and pyrolysis gasoline.

He said the state Industrial Coordination Committee (ICC) had supported Burel’s proposed investment for approval by International Trade and Industry Ministry (Miti).

Meanwhile, Dr Chan, also Deputy Chief Minister, told the state assembly yesterday that Japan’s Tokuyama Corp would invest RM1.8bil to produce polycrystalline silicon, also in Bintulu.

He said the ICC had also supported 17 other proposed major investments in the manufacturing sector for Miti approval.

These include CMS Clinker Sdn Bhd’s RM710mil investment in Kuching to manufacture cement and concrete products, Bintulu Lumber Development Sdn Bhd’s RM123mil investment to produce organic compost and Lucky Wind Sdn Bhd’s RM87.5mil investment to make fatty acid methyl ester and palm fatty acide distillate.

Other proposals include Admuda Sdn Bhd’s RM177mil investment in Kuching to produce sugar and QL Livestock Farming Sdn Bhd’s RM15mil investment in broiler breeder farming and poultry project in Kota Samarahan.

Dr Chan said the ICC had approved 40 other manufacturing projects worth RM237mil during the first 10 months of this year.

He said RM9.9bil, or 88%, of the proposed RM11.3bil investments in Sarawak this year were foreign direct investment.

“The major sources are the United Kingdom (RM7.9bil in petroleum and other related products), Japan (RM1.98bil in petroleum and other related products as well as basic metal industries), and China (RM1.3mil in wood-based industries),’’ he added.

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