4 days ago
- Business
- Free Malaysia Today
2 Japanese firms plan RM6.38bil projects in Sarawak
Sarawak deputy premier and international trade, industry and investment minister Awang Tengah Ali Hasan is in Osaka, Japan, to discuss details of the investments. (Bernama pic)
PETALING JAYA : Two major companies from Japan plan to invest US$1.5 billion (RM6.38 billion) in the high-tech and chemical industries in Sarawak.
According to a report by TV Sarawak today, Sarawak deputy premier and international trade, industry and investment minister Awang Tengah Ali Hasan is in Osaka, Japan, to discuss details of the investments.
Bernama reported that one of the projects involves the construction of a semiconductor-grade polycrystalline silicon production facility by Japan's Tokuyama Corporation, in collaboration with South Korea's OCI Company Ltd. The investment is estimated at about US$435 million.
'This project has the potential to position Sarawak among the top five global locations in high-performance semiconductor production technology,' the report said.
Another planned investment involves a consortium of Japanese companies in the chemical sector, with the investment estimated to reach US$1 billion.
Feasibility studies and site evaluations on these two projects have begun. The Sarawak government will expedite the approval process for a smooth implementation.
'We offer a stable and competitive business environment, equipped with modern infrastructure and a skilled workforce,' said Awang Tengah.
