Latest news with #RM1.68bil
The Star
13 hours ago
- Automotive
- The Star
French multinational Imerys to invest RM1.68bil, expected to create up to 120 jobs, says PM
PARIS: French multinational company Imerys has pledged to invest approximately RM1.68bil to establish a carbon black production facility for use in lithium-ion batteries for electric vehicles in Malaysia, says Datuk Seri Anwar Ibrahim. According to the Prime Minister, this will be Imerys' second such plant globally after Belgium and it is expected to create 100 to 120 skilled jobs. 'It is under site consideration at the Pengerang Integrated Petroleum Complex (PPIC) Johor or the Gebeng Industrial Park in Pahang. 'It targets the Asia-Pacific Market, contributing to regional EV battery manufacturing and conductive polymer applications,' said Anwar in his speaking notes during a one-on-one meeting with Imerys in Paris, France on July 4 (Friday). Anwar said Imerys' carbon black project aligns with Malaysia's goals under the National Energy Transition Roadmap (NETR) and the New Industrial Master Plan 2030 (NIMP 2030). 'It will boost Malaysia's positioning in the battery materials supply chain and support downstream localisation and innovation. 'This project also complements the broadened EV and renewable energy agenda, with strong potential for industrial linkage and technology transfer,' said Anwar. Anwar said Malaysia welcomes Imerys confidence in Malaysia as a strategic destination in Asia, and the proposed carbon black project will significantly contribute to the development of Malaysia's battery and EV ecosystem. 'We are committed to supporting this investment through streamlined facilitation and industrial development enablers, aligned with our NIMP 2030 and NETR. 'The partnership with PETRONAS for feedstock, and consideration for strategic locations such as PIPC Johor and Gebeng, Pahang, reinforces our push towards value-added industrialisation,' said Anwar. Imerys has operations in 33 countries and it supplies functional additives, mineral components and process enablers for industries including plastic, energy, construction and electronics. In Malaysia, Imerys Minerals Malaysia Sdn Bhd operates a calcium carbonate mine in Ipoh, which is its largest Southeast Asian site.
The Star
19-05-2025
- Business
- The Star
Bursa Malaysia charts surge of foreign dollars into Malaysian equities
KUALA LUMPUR: The net inflow of foreign funds into the Malaysian equities market leapt to RM1.68bil, nearly four times the amount registered in the prior week. In the week ended May 16, 2025, Bursa Malaysa saw net buying from foreign investors on every trading day with the highest daily net inflow of RM797.4mil on Monday. This was in line with the inflow of foreign dollars into Asian markets, which rose to a substantial figure of US$5.15bil, according to MIDF Research data. The broker said in its weekly fund flow report the foreign buying in the eight key Asian markets it tracks was led by South Korea and Taiwan. Conversely, Thailand the Philippines recorded net foreign outflows. In Malaysia, the sectors with the leading net foreign inflows were financial services (RM797.2mil), utilities (RM218.6mil) and telecommunications and media (RM179.7mil). The only two sectors that registered net foreign outflows were energy (RM56.3mil) and REITs (RM3.7mil). Local institutions - which had been shoring up prices as foreign funds exited the market earlier this year - accelerated their profit-taking to a net outflow of RM1.35bil. Local retailers were net sellers for a fifth consecutive week, with net outflow rising 13 times to RM330.2mil compared to RM24.8mil in the preceding week. The average daily trading volume (ADTV) saw a broad-based increase with local institutions and local retailers trading 50.9% and 31.8% more respectively, while foreign investors had a 42.6% higher participation.
