Dutch firm Oryx opens new Johor plant, supports Malaysia's goal to draw RM300bil 'green' investments

New Straits Times

09-05-2025

KUALA LUMPUR: The Netherlands-based Oryx Stainless Group, a supplier of recycled stainless steel raw materials, has opened its newest facility in Johor.
The Malaysian Investment Development Authority (MIDA) said the facility arrives at a crucial time for Malaysia's environmental goals.
It supports the national target of 45 per cent carbon intensity reduction per gross domestic product (GDP) by 2030 and helping attract RM300 billion in green investments.
"With each tonne of recycled material saving up to 8.5 tonnes of carbon dioxide, the plant's annual impact approaches one million tonnes in emissions reduction," it said.
MIDA said developing local talent is a core focus of the facility's mission.
Malaysian workers have already undergone advanced training in Thailand to operate specialised equipment, including the country's first special Sennebogen material handlers.
"The workforce, drawn almost entirely from local communities, is set to double by mid-2026. Partnerships with Malaysian universities create pathways for engineering students into the growing green technology sector," it added..
With the start of Phase 1, the facility will handle 150,000 tonnes of stainless steel each year, an important milestone for regional resource efficiency and sustainable industrial practices.
MIDA said the investment reflects how industrial expansion can contribute to both economic development and environmental sustainability in Southeast Asia.
The opening ceremony was attended by Johor Menteri Besar Datuk Onn Hafiz Ghazi, foreign ambassadors and senior government officials.
"We are proud that Johor is now home to a facility that demonstrates how climate action, industrial excellence and economic development can go hand in hand.
"With Oryx Stainless, we are welcoming not only an international leader in green industry – but a true partner in our journey toward sustainable prosperity," Onn Hafiz said.
MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said Oryx Stainless' new facility in Johor highlights how global expertise can reshape the manufacturing sector.
"As a respected name in stainless steel recycling, Oryx Stainless strengthens both Johor's industrial capabilities and Malaysia's position in the global circular economy," he added.