The joint investment will deliver production capacity of some 2 million tonnes per year.
May 15, 2019
China’s Shan Ying International Holdings has signed an agreement with Malaysia’s Sarawak State Economic Development Corp (SDEC) to launch a joint investment worth USD 1.8 billion in opening a new pulp and paper plant in Malaysia’s Samalaju Indus-trial Park, in the city of Bintulu.
Under the plan, the factory is to be enabled with a production capacity of some 2 million tonnes per year. The project will create about 2,500 new jobs in Malaysia, according to a leading daily.