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Chinese, Malaysian investors eye $1.8BN pulp, paper project
China’s Shan Ying International Holdings has signed an agreement with Malysia’s Sarawak State Economic Devel-opment Corp (SDEC) to launch a joint investment worth $1.8 billion in opening a new pulp and paper plant in Malaysia’s Samalaju Indus-trial Park, in the city of Bintulu.
Under the plan, the factory is to be enabled with a production capacity of some 2 million tonnes per year. The project will create about 2,500 new jobs in Malaysia, according to the information obtained by local daily The Star.
The production facility is expected to launch production activities by 2023.