22-04-2025
- Business
- New Straits Times
Zhejiang Jingxing embarks on RM1.9bil expansion of paper mill in Selangor
KUALA LUMPUR: Zhejiang Jingxing Paper Joint Stock Co Ltd's subsidiary Jingxing Holdings (M) Sdn Bhd today launched RM1.9 billion Phase 2 expansion of its plant in Banting, Selangor.
The paper manufacturer said the project will add 600,000 tonnes of annual Kraft Liner production capacity, bringing its total Malaysian investment to RM3 billion.
It said the expansion includes highly advanced manufacturing lines supported by integrated thermal power, water treatment, and wastewater management facilities.
"The plant's integrated automation systems will create 500 new jobs and generate annual local operating expenditure exceeding RM45 million," it said in a statement.
Selangor state executive councillor Ng Sze Han said the significant investment underscores Malaysia, particularly Selangor, as a critical player within the global supply chain.
Ng said Jingxing's Phase 2 expansion directly supports Selangor's goals in job creation and local talent development, reinforcing its attractiveness as a premier investment destination.
"Amid escalating global trade tensions and shifting supply chain dynamics, Selangor has emerged as a key beneficiary, attracting substantial foreign investments and driving new economic opportunities," he said.
Jingxing Malaysia director and deputy chairman Wang Zhiming said the expansion marks a significant milestone in the company's global growth.
Wang said the new plant, when completed, will further enhance its product range and quality.
"We are emphasising on service efficiency, local employment and supply chain opportunities," he said.
According to Jingxing Malaysia, the expansion strengthens Malaysia's export capabilities with 70 per cent of production targeted for international markets.
It noted that the facility's advanced infrastructure and automated processes will optimise manufacturing operations and product quality.
"This investment adds to Malaysia's growing paper manufacturing sector, which attracted RM877.9 million in investments throughout 2024, with foreign investments contributing RM578.4 million," it added.
