2021-03-02 11:32:24 GMT2021-03-02 19:32:24(Beijing Time) Xinhua English
KUALA LUMPUR, March 2 (Xinhua) Nine Dragons Paper, a Chinese paper manufacturing company listed on the Hong Kong Stock Exchange, will invest 5.4 billion ringgit (about 1.33 billion U.S. dollars) in Malaysia, the Malaysian Investment Development Authority (MIDA) said on Tuesday.
The group s investments in Malaysia consists of two manufacturing facilities, namely ND Paper (Malaysia) in Bentong, Pahang involving the acquisition of an existing pulp and paper mill with a total investment value of 1.2 billion ringgit; and ND Paper Malaysia (Selangor) in Banting, Selangor with an investment value of 4.2 billion ringgit that will focus on test liner, kraft liner, corrugated medium paper, paper and pulp.