Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said the ministry is optimistic that South Korea will climb up the ranks as among the main sources of foreign direct investments into Malaysia soon. — Picture By Firdaus LatifKUALA LUMPUR, April 21 — The Ministry of Investment, Trade and Industry is optimistic that South Korea will climb up the ranks as among the main sources of foreign direct investments into Malaysia soon.
He said that of the 11 priority segments, the chemicals segment has been identified as one of the high-impact, high-growth sectors that would contribute to the NIMP 2030 overall targets.“The specialty chemicals market is substantial. And there is an opportunity for Malaysia to capture that business by producing specialty chemicals domestically, capturing both domestic market demand and export opportunities.
“The manufacturing of ECH in Malaysia will strengthen the value chain of epoxy manufacturing, contributing towards increasing the competitiveness of the chemical industry in Malaysia,” he said. OCI Holdings chairman Lee Woo Hyun said the new OCI M Sdn Bhd office is located in a thriving economic hub in Southeast Asia and will serve as a pivotal centre for the company’s operations, facilitating closer collaborations with stakeholders, partners, and clients across the region.
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