RM52.6M Investment Enhances Economy, Create Opportunities in Rural Areas


SHAH ALAM, SEPT 9: It is believed that the opening of the second branch of a glove manufacturing factory in Kuala Selangor would enhance the state economy as well as provide new employment opportunities especially for rural communities.

Executive Councillor in charge of Investment, Industry and Trade, Ean Ying Wah said that the State Government welcomes the move by Biomax Rubber Industries Sdn Bhd which invested RM52.6 million to set up its second plant.

“The State Government encourages investment to grow in this state. We want Selangor to be developed and thrive, as well as increase the standard of society.

“This is consistent with the State Government’s plans to develop rural areas,” he said via a Short Messaging System (SMS) text message.

Yesterday, its President, Chong Wee Chong informed that the new branch will be built on a 3.24 hectare land at the end of this year and is expected to be completed in early 2015.

Bernama news agency reported that this new branch will have two production lines with the capacity of producing one billion medical/examination (ME) gloves per year.

Biomax was established in 2010, and exports its products to 20 countries, including the United States, the United Kingdom, Japan, Vietnam, Europe, the Middle East, India and Australia.

The first Biomax branch is located in Sungai Buloh.

Ean Yong said that Biomax’s investment would positively impact and help strengthen Selangor’s position as the preferred destination for domestic and foreign investment.

During the State Assembly sitting in July, the State Government set a target of RM8 billion worth of investment for the manufacturing sector for the year 2013.

Ean said that 1,420 manufacturing projects have been approved with a total investment of RM49.7 billion and 125,067 jobs have been created for 2008-2012.

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