Kedah Rubber City in Malaysia attracts more than 2.2 billion ringgits of investment

According to a Malaysian media report on April 19, Malaysia’s Kedah Rubber City (KRC) has attracted more than RM2.
2 billion of committed investment for advanced latex product development, raw material production, manufacturing, storage warehousing and logistics, despite Covid-19 The pandemic continues
.

Kedah Chief Minister Muhammad Sanusi Md Nor said in a statement today that KRC is an attractive destination for companies in the medical device industry, especially for medical glove manufacturers to expand their business scope.
Is very attractive
.


He said that I am satisfied with the investment performance of the Northern Corridor Implementation Authority (NCIA), which received an approved investment of RM6.
8 billion in the first quarter of 2021
.
This is more than 20% higher than the investment target approved by Kedah this year
.


He also said that proximity to raw materials and profitable border trade with Thailand have increased the attractiveness of rubber industry participants to invest in KRC
.


He expects to create more than 4,500 jobs for locals, which will indirectly have a positive impact on the socio-economic development of Kedah
.


At the same time, NCIA Chief Executive Officer Datuk Nats Seri Jebasingam Issace John stated that KRC is the country’s first dedicated rubber industrial park linked to the value chain of the Malaysian rubber industry and is expected to promote the Malaysian rubber industry to become a regional high-value rubber.
Manufacturing center
.


  He said that with NCIA's comprehensive human capital plan and Kedah's enhanced economy and talent ecosystem, investors will be able to take advantage of the comprehensive supply chain and available skilled labor, as well as the network of surrounding industries and higher education institutions
.


  Kedah Rubber City (KRC) covers an area of ​​nearly 505.
86 hectares and is a national project of the Strategic Development Plan for the Northern Corridor Economic Zone 2021-2025
.
It is now ready to accept investors after the completion of the first phase of the infrastructure project
.
Investors can obtain key raw materials to produce rubber products by building a storage tank yard at the port of Penang
.
A logistics center with warehouses and warehousing facilities will be established to supplement the storage tank yard
.
Investors are expected to begin construction of its facilities in the fourth quarter of 21 and begin operations in the second half of 2023
.