S. Korea’s Iljin Materials invests RM2.2bil in Sama Jaya Free Trade Zone


Chief Minister Datuk Patinggi Abang Johari Tun Openg (centre) and Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan (right) receiving mementos at the opening of Longi (Kuching) Sdn Bhd. - ZULAZHAR SHEBLEE / The Star

KUCHING: South Korea’s Iljin Materials Co Ltd will invest RM2.2bil in manufacturing facilities to produce copperfoil for batteries in the Sama Jaya Free Trade Zone here.

The batteries will be used in smartphones and electric vehicles, according to Sarawak Industrial and Entrepreneur Development Minister Datuk Amar Awang Tengah Ali Hasan.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Bank of England cuts rates but sees higher inflation after Reeves' budget
Tengku Zafrul: Malaysia secures potential exports to China worth RM3.2bil
Malaysia ready for new investment era with clear economic vision - MoF
Microlink wins RM83.5mil project from Home Affairs Ministry
Ringgit marginally lower against US dollar at the close
TWL Holdings secures RM42.5mil banking facility from UOB Malaysia
Ekovest's Lim is said to consider sale of toll roads for RM5bil
Sunway Malls projects 5% growth for 2024
Pentamaster 3Q net profit halves to RM11.8mil
Metro Healthcare’s 156.63 mln IPO shares for public oversubscribed by 38.60 times

Others Also Read