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Borneo, Sarawak, Sarawak Corridor of Renewable Energy (SCORE), Sarawak Economy, Sarawak Politics

South Korean conglomerate to set up metal silicon plant in Samalaju

A SOUTH Korean conglomerate — Asia Cement Co Ltd — will set up a metal silicon manufacturing plant in Samalaju Industrial Park in Bintulu under the Sarawak Corridor of Renewable Energy (SCORE).

The company will invest RM720 million in the plant, with site preparation likely to begin within the first quarter of this year.

Second Minister of Resource Planning and Environment Datuk Amar Awang Tengah Ali Hasan, who is also Minister of Industrial Development, said the new plant would create up to 500 jobs and involve technological transfer besides economic spin-offs.

“This is a trigger industry and will lay the foundation for downstream industries in the value chain of solar and organic silicon businesses, and the first phase is expected to start production by the first quarter of 2014,” he said during a recent trade mission to South Korea.

Asia Advanced Materials Sdn Bhd will be Asia Cement’s company to run the three-phase project, which will use state-of-the-art technology.

The first phase will have an output of 33,000 tons of metallurgical grade silicon (Mg-Si) as feed for polysilicon, and this will increase in the two subsequent phases to 100,000 tons by 2019.

State Planning Unit Director Datu Ismawi Ismuni pointed out that the project fits into Sarawak’s hi-tech drive.

Under SCORE, Sarawak will have the ability to power industries such as manufacturing metal silicon, which will feed downstream industries in the State.

“It also fits into the scheme of development in Sarawak as the first phase requires 55MW of power, which can be supplied through the State grid,” he said.

If we didn’t have renewable energy sources such as the Hydroelectric Power (HEP) to be produced by Bakun Dam and Murum Dam, corporations such as Asia Cement Co Ltd would not even consider looking at Sarawak, let alone invest large sums to the tune of RM720 million to set up its plant.

Asia Cement Co Ltd is one of the largest cement and ready-mixed concrete manufacturing companies in South Korea. Founded in 1965, it is the nation’s key industrial and basic construction material company with 1,000 employees and annual production capacity of 5 million tons of cement manufacturing facilities and 3.6 million cubic metres of ready-mixed concrete.

Its subsidiary Asia Industry Development Co Ltd manufactures cement-related products and aggregates, while Asia Paper Manufacturing Co is the largest industrial paper producer in Korea and Asia Papertec Inc as well as Jeil Industry produce cardboard. Other paper-related companies are Yujin Paper, A-Pack and Kyung-San paper.

Interestingly, it also owns and operates Gyeongju world resort — the largest amusement theme park in the Youngnam region that includes a water-park. It also owns Wooshin Development Finance Co Ltd — a venture capital investment company.

If we didn’t have political stability, good governance and leadership with true vision for a better future for all Sarawakians, investors would shy away as well.

Thankfully we fulfill the right criteria for international investors and they continue to believe in Sarawak despite the global economic climate.

Good stuff. Real concrete transformation for the future and not just passing change.

A report from the Borneo Post:

Korean firm to set up silicon plant in SCORE — Minister

by Philip Kiew

SEOUL: Korean conglomerate Asia Cement Group will be investing RM720 million on a metal silicon manufacturing plant in Samalaju Industrial Park in Bintulu.

The preparation for the site is expected to start in the coming months.

Second Minister of Resource Planning and Environment cum Minister of Industrial Development Datuk Amar Awang Tengah Ali Hassan told The Borneo Post about this foreign direct investment at the end of the Sarawak Timber Selling and Investment Mission to South Korea.

The mission started on January 9 and ended on January 15.

“This is a trigger industry and will lay the foundation for downstream industries in the value chain of solar and organic silicone businesses, and the first phase is expected to start production by the first quarter of 2014,” he said.

Asia Advanced Materials Sdn Bhd will be Asia Cement’s company to run the three-phase project, which will use state-of-the-art technology.

Welcoming the investment, Awang Tengah said it would create up to 500 jobs and involve technological transfer besides economic spin-offs.

The first phase will have an output of 33,000 tons of metallurgical grade Silicon (Mg-Si) as feed for Polysilicon, and this will increase in the two subsequent phases to 100,000 tons by 2019.

According to Awang Tengah, the site has been approved by the state government and the investor is keen to start site preparation in the first quarter of this year as indicated in a meeting between the company’s president and top brass and the state government officials led by him in Seoul on Jan 12.

Among those at the meeting were Malaysian ambassador to Republic Of Korea Datuk Ramlan Ibrahim, Assistant Minister of Industrial Estate Development Datuk Peter Nansian, Assistant Minister of Investment and Promotion Julaihi Nasrawi, Assistant Minister of Environment Datu Len Talif Salleh, permanent secretary of Ministry of Industrial Development Datu Liaw Soon Eng, State Planning Unit director Datu Ismawi Ismuni, Mida Seoul director (Investment Section) Mohd Sulkepli Embong and STIDC general manager Datu Sarudu Hoklai.

Asia Cement Co Ltd was represented by president Ko Kyu-Hwan, senior vice-president Lee Hoon-Beom, director of strategic planning Lee Keong-Hee and new business team director Mr Yoon Joon-Sik.

Asia Cement, founded in 1963, is a well-diversified group with involvement in cement and construction materials, and paper manufacturing apart from leisure, finance and investment and education.

According to Ismawi, the project fits into Sarawak’s hi-tech drive and availability of power for manufacturing metal silicon which feeds the chain of polysilicon and other downstream industries in the state.

“It also fits into the scheme of development in Sarawak as the first phase requires 55MW of power which can be supplied through the state grid,” he said.

He said the manufacturing project would be the first by a Korean conglomerate in Sarawak Corridor of Renewable Energy (SCORE).

The selling and investment mission has also attracted keen interest from other potential Korean investors, including global players in the production of hi-tech products, agro-forestry and green business.

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  1. Pingback: South Korean companies invest nearly RM2 billion to Samalaju « Parochial Sarawakian - February 22, 2012

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