US-based Alton Industry to invest RM2b in Malaysia over next seven years

  • 📰 malaymail
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 86%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

KUALA LUMPUR, Sept 20 — United States-based Alton Industry Ltd Group (Alton) is expanding its manufacturing and research and development (R&D) base into Malaysia, and plans to...

KUALA LUMPUR, Sept 20 — United States-based Alton Industry Ltd Group is expanding its manufacturing and research and development base into Malaysia, and plans to invest over RM2 billion here in the next seven years.

“Once completed, Alton is poised for continuous expansion to bolster production capacity and cater to the diverse and ever-growing demand of its global customer base,” he said in a statement following his meeting with Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz in New York.“This new facility will enable us to support our global customers and allow expansion to other markets quickly.

Meanwhile, Tengku Zafrul welcomed Alton’s significant global expansion, along with their Phase 1 investment commitment of RM500 million. He added that the investment also aligns perfectly with Malaysia’s recently launched New Industrial Master Plan 2030, which aims to create an investment-friendly environment and rapidly embrace technology to elevate the manufacturing sector’s ecosystem

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia reviewing windfall tax on palm oil industryDeputy prime minister Fadillah Yusof says Putrajaya hopes to complete its review on the existing windfall tax next year.
Source: fmtoday - 🏆 5. / 72 Read more »

Malaysia reviewing windfall tax on palm oil industryDeputy prime minister Fadillah Yusof says Putrajaya hopes to complete its review on the existing windfall tax next year.
Source: fmtoday - 🏆 5. / 72 Read more »

Malaysia reviewing windfall tax on palm oil industryKuala Lumpur: Malaysia is reviewing an existing windfall tax on the palm oil industry and hopes to complete it next year, says plantation and commodities minister Fadillah Yusof.
Source: DailyExpress_MY - 🏆 3. / 83 Read more »

Osaka is new export destination for Malaysia’s MD2 pineapples, says industry boardROMPIN, Sept 18 — The MD2 pineapple variety is now being exported to Osaka, Japan, contributing to an increase in Malaysia’s exports, according to the Malaysian Pineapple...
Source: malaymail - 🏆 1. / 86 Read more »

Malaysia-China cooperation will boost domestic rubber industryKUALA LUMPUR: The country’s rubber industry is expected to soar in the coming years following the strengthening of cooperation with China in the field...
Source: theSundaily - 🏆 25. / 51 Read more »

Malaysia-China cooperation will boost rubber industryKUALA LUMPUR: Malaysia&039;s rubber industry is expected to soar in the coming years following the strengthening of cooperation with China in the field of...
Source: theSundaily - 🏆 25. / 51 Read more »