Aminbio to set up RM1.02b bio-gelatine plant in Melaka
Published on: Wednesday, August 22, 2018
SEPANG: China's halal gelatine company, Gangsu Amin Bio Halal Gelatine Co Ltd (Aminbio), plans to invest RM1.02 billion to set up a bio-gelatine manufacturing plant in Melaka.Entrepreneur Development Minister Mohd Redzuan Md Yusof said the plant would be the company's first factory outside of China and the largest in Southeast Asia once completed.He said Aminbio had discussed with Melaka State Development Corporation to identify a suitable site for the plant.
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"The Chinese are keen to tap the world's halal products market," he told reporters upon his return from China at the Kuala Lumpur International Airport (KLIA) here on Tuesday. Mohd Redzuan was among several cabinet ministers who accompanied Prime Minister Tun Dr Mahathir Mohamad on his five-day official visit to Beijing starting Aug 17.Mohd Redzuan said he had met with Aminbio Vice-President Ayub Su last Friday, who requested Malaysia's assistance in setting up the plant. "They are in the midst of ironing out a few issues such as expertise, location and investment.
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Once the site is finalised, they will be visiting Melaka to sign a few agreements," he said.Mohd Redzuan said phase one of the project would involve an estimated investment of RM120 million and create about 200 jobs.
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"Phase 2 will see a further investment of RM900 million, and create another 2,000 jobs," he said.On meetings with China's potential investors and business communities, Mohd Redzuan said there was a need to establish a mutually beneficial relationship between the foreign investors and local entrepreneurs, with investors sourcing their raw materials and talent locally.He also explored the possibility of the investors sourcing from Malaysian entrepreneurs, particularly in high value-added sectors such as automotive components, electric and electronic and palm oil waste disposal products.On the outcome of Dr Mahathir's visit, Mohd Redzuan said it was very successful and promised to enhance bilateral relations between Malaysia and China.Mohd Redzuan said he also met with several companies, including China Solid State Lightning Alliance, on a possible collaboration with Malaysian research universities to exchange expertise and technical knowledge to facilitate the growth of Solid State Lighting ecosystem in Malaysia. The minister also met with the Beijing Sanju Environmental Protection and New Materials Co Ltd which was keen to build a biofuel production facility in Malaysia. Stay up-to-date by following Daily Express’s Telegram channel.
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