Hong Seng Industries to invest RM3bil in one of world's largest NBL plants in Kedah


PUTRAJAYA: Hong Seng Consolidated Bhd's subsidiary Hong Seng Industries Sdn Bhd will invest RM3 billion in Kedah Rubber City (KRC) to build one of the world's largest nitrile butadiene latex (NBL) plants starting next year, said Hong Seng Group managing director Datuk Seri Teoh Hai Hin.

At a press conference after the symbolic groundbreaking ceremony for the NBL manufacturing plant construction project here today, Teoh said the plant was expected to attract additional investment of RM5 billion through the support industry and the nitrile rubber industry value chain.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

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

Shedding light on power sector prospects
Building a firm facade
Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
EQ expands to Thailand
Capitalising on future trade tariffs
The ringgit recovery

Others Also Read