Latest news with #RM2
The Sun
2 hours ago
- Business
- The Sun
Negeri Sembilan KPDN fines RM91,700 in 369 cases since Jan 1
SEREMBAN: The Negeri Sembilan Ministry of Domestic Trade and Cost of Living (KPDN) has uncovered 369 violations since January 1, resulting in compounds totalling RM91,700. State chief enforcement officer Faizah Othman confirmed that 249 offences fell under the Price Control and Anti-Profiteering Act 2011, while 120 cases were linked to the Weights and Measures Act 1972. In a recent operation targeting durian traders, 41 premises were inspected, with 12 traders fined RM2,500 collectively. 'These traders failed to display price tags and used expired weighing equipment,' Faizah said. Over 30 enforcement officers from KPDN branches in Port Dickson and Kuala Pilah participated in the inspections. Faizah reminded traders, particularly durian sellers, to ensure their weighing scales bear valid verification stickers. Non-compliance could lead to penalties under the Weights and Measures Act 1972. 'The durian season runs until August. All traders, including seasonal sellers, must adhere to regulations to protect consumer rights,' she added. - Bernama
Barnama
3 hours ago
- Business
- Barnama
N.Sembilan KPDN Detects 369 Cases, Compounds RM91,700 Since Jan 1
SEREMBAN, July 16 (Bernama) -- The Negeri Sembilan Ministry of Domestic Trade and Cost of Living (KPDN) detected 369 cases of various offences through inspections at business premises, involving a total of RM91,700 in compounds from Jan 1 until yesterday. State chief enforcement officer, Faizah Othman said through the inspections, 249 offences were found under the Price Control and Anti-Profiteering Act 2011, while 120 cases were found under the Weights and Measures Act 1972. She said that for today's inspection, 41 premises of durian traders were inspected and from that number, 12 traders were fined a total of RM2,500. "These 12 traders were compounded for failing to display price tags and using weighing equipment that had expired. "In today's operation, more than 30 enforcement officers including the KPDN branches in Port Dickson and Kuala Pilah were involved in conducting inspections on durian traders," she told reporters after conducting inspections on durian traders around Seremban here today. Faizah also reminded all traders, especially durian traders, to always ensure that the weighing equipment and scales used have verification stickers and are not expired. She said traders found to be still using weighing equipment that does not comply with the regulations and could be subject to compounds under the Weights and Measures Act 1972. "This durian season is expected to continue until August and I remind all traders including small-scale and seasonal traders to remain committed to complying with all relevant regulations and legislation involving buying and selling transactions. "All parties need to play a proactive role to ensure that this durian season brings joy to traders, without denying consumers' rights," she said.
Borneo Post
4 hours ago
- Business
- Borneo Post
OTSM launches RM2 bln polysilicon plant construction in Bintulu, eyes 2029 operations
Abang Johari (centre) and other dignitaries officiate the groundbreaking ceremony for the OTSM plant. SAMALAJU (July 16): OCI Tokuyama Semiconductor Materials Sdn Bhd (OTSM) has officially launched the construction of its RM2 billion semiconductor-grade polysilicon plant at the Samalaju Industrial Park, marking a major milestone in Sarawak's industrialisation push. The facility, spanning 13.7 hectares, will have an annual production capacity of 8,000 metric tonnes of high-purity polysilicon for the semiconductor industry, targeting export markets in South Korea, Japan, and Taiwan. Operations are expected to commence in 2029. Construction is set to begin in the third quarter of this year, with mechanical completion projected for the first quarter of 2027. OTSM is a 50:50 joint venture between South Korea's OCI TerraSus Sdn Bhd, a wholly owned subsidiary of OCI Holdings, and Japan's Tokuyama Corporation. The project is expected to create around 200 high-value jobs, contributing to Sarawak's economic growth and the development of its technical workforce. This marks OCI TerraSus' second major investment in Sarawak, following the launch of its joint venture with Kumho P&B Chemicals – OCI Kumho – to produce epichlorohydrin (ECH), a key component in epoxy resins and water treatment chemicals. During the groundbreaking ceremony, Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg witnessed the signing of a 10-year Power Purchase Agreement (PPA) between OCI TerraSus and Syarikat Sesco Berhad, the operations and retail arm of Sarawak Energy. Under the agreement, the new plant will receive 80 megawatts of power from Sarawak Energy for a 10-year period starting in 2029. OCI Holdings and OCI TerraSus Chairman Lee WooHyun said the joint venture between OCI TerraSus and Tokuyama was especially meaningful, bringing together industrial powerhouses from Korea and Japan in a rare international collaboration. 'It is a powerful reflection of our strong confidence in Sarawak as a strategic investment destination. 'We believe this plant is more than just a physical structure, it is a symbol of what can be achieved when vision, values, and partnerships align. 'It stands as a model for innovation, sustainability, and meaningful local impact,' he said. Lee said the investment also reflects confidence in Sarawak's leadership, stability, and long-term vision under the Post Covid-19 Development Strategy 2030. 'We are confident that our OTSM plant will play a pivotal role in achieving this vision by creating high-quality jobs and transferring global best practices. 'We are grateful to the Sarawak Government and Sarawak Energy Berhad for creating an ecosystem that welcomes responsible industrial growth. 'Their strategic policies and renewable energy infrastructure are key enablers of this international partnership,' he said. He also emphasised the importance of developing a skilled local workforce, highlighting institutions such as Centexs and the Sarawak Skills Development Centre as key partners. 'OCI TerraSus is proud to deepen our roots in Sarawak. This is not just an investment in infrastructure, it is an investment in people, in innovation, and in a shared future built on sustainability and trust,' Lee added. In a recorded message, Tokuyama Corporation President Hiroshi Yokota said the project would further strengthen Sarawak's role in the global semiconductor supply chain. 'With the seasoned technical expertise and experience of OCI and Tokuyama, along with the support of the Sarawak state government, the region's talented workforce, and competitive energy source, we will be able to produce high-quality products consistently,' he said. lead OTSM polysilicon plant Samalaju Semiconductor
Barnama
6 hours ago
- Business
- Barnama
OTSM's RM2 Bln Investment A Boost To Sarawak's Regional Tech Hub Ambition
BINTULU, July 16 (Bernama) -- OCI Tokuyama Semiconductor Materials Sdn Bhd's (OTSM) RM2 billion investment to establish a semiconductor-grade polysilicon plant at the Samalaju Industrial Park here is a strategic milestone that reinforces Sarawak's position in the global semiconductor value chain. Sarawak Premier Tan Sri Abang Johari Tun Openg said the investment by a joint venture between South Korea's OCI Company Ltd and Japan's Tokuyama Corporation reflects international confidence in Sarawak's political stability, industrial infrastructure and long-term development vision. 'This marks a significant milestone in advancing high-technology industrial development in the region. It also underscores our commitment to sustainable partnerships that will power the future,' he said at the groundbreaking ceremony here today. Abang Johari noted that the facility, expected to be the first of its kind outside Japan and South Korea, will produce high-purity polysilicon – a critical material used in the production of semiconductors for smartphones, electric vehicles, data centres and artificial intelligence (AI). He said the project supports Sarawak's Semiconductor Strategic Framework, which aims to establish the state as a regional hub for advanced technology manufacturing. 'With this investment, Sarawak strengthens its position in the global semiconductor value chain and moves closer to becoming a regional technology hub,' he said. Highlighting Sarawak's green energy credentials, Abang Johari said 70 per cent of the state's electricity is generated from hydropower, supported by emerging solar technologies, which positions Sarawak as a prime location for sustainable and environmentally friendly investments. 'Sustainability is the core of our Post COVID-19 Development Strategy (PCDS). With green energy from hydro and solar, Sarawak is poised to support global demand for certified green materials,' he said. He also revealed ongoing efforts to enhance Sarawak's technological capabilities through the development of an artificial intelligence-powered semiconductor chip in collaboration with academic institutions in the United Kingdom.
The Sun
6 hours ago
- Business
- The Sun
OTSM's RM2 bil investment boosts Sarawak's tech hub ambition
BINTULU: OCI Tokuyama Semiconductor Materials Sdn Bhd (OTSM) has committed RM2 billion to build a semiconductor-grade polysilicon plant at Samalaju Industrial Park, marking a strategic leap for Sarawak's role in the global semiconductor industry. Sarawak Premier Tan Sri Abang Johari Tun Openg said the joint venture between South Korea's OCI Company Ltd and Japan's Tokuyama Corporation highlights international trust in the state's stability, infrastructure, and long-term vision. 'This is a major milestone for high-tech industrial growth in Sarawak. It reflects our dedication to sustainable partnerships that will shape the future,' he said during the groundbreaking ceremony. The facility, the first of its kind outside Japan and South Korea, will produce high-purity polysilicon, a key material for semiconductors used in smartphones, electric vehicles, data centres, and AI. Abang Johari emphasised that the project aligns with Sarawak's Semiconductor Strategic Framework, which aims to position the state as a regional hub for advanced tech manufacturing. 'This investment solidifies Sarawak's place in the global semiconductor supply chain and brings us closer to becoming a regional tech leader,' he added. Sarawak's green energy advantage was also highlighted, with 70 per cent of its electricity sourced from hydropower and solar energy. 'Sustainability drives our Post COVID-19 Development Strategy. Our green energy makes Sarawak ideal for eco-friendly investments,' he said. The Premier also shared plans to develop an AI-powered semiconductor chip in collaboration with UK academic institutions, with international intellectual property registration targeted by year-end. To support industry growth, the state government offers free tertiary education at local universities, ensuring a skilled workforce for future tech demands. 'Sustainable and green products will define global competitiveness, and Sarawak is prepared to lead,' he concluded. - Bernama
