Singda Superalloy RM900 Mln Investment Boosts Johor's Metal Industry
JOHOR BAHRU, June 13 (Bernama) -- Johor continues to attract foreign investors as Jiangsu Longda Superalloy from China, through its subsidiary Singda Superalloy (Malaysia) Sdn Bhd, has finalised a RM900 million large-scale investment commitment in the state.
Johor's Investment, Trade, Consumer Affairs, and Human Resources state committee chairman Lee Ting Han said the investment is among the largest foreign direct investments (FDIs) in the high-performance materials sector in Malaysia to date.
'The first phase of this project involves a RM250 million investment to construct a production facility in Johor, which is expected to create more than 200 high-skilled job opportunities in metal engineering, material technology, and quality control,' he said in a statement on his official Facebook page today.
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