Source: Utusan Malaysia
Date : 27 December 2022
The state government through the Pahang Development Corporation (PKNP) today signed a lease agreement with MHT Silica Sdn. Bhd. (MSSB) to build a silica factory in Tanjung Gelang here.
The construction of the factory on the 6.70 hectare site is expected to cost between RM50 million to RM100 million with an initial investment value of up to RM200 million.
Menteri Besar, Datuk Seri Wan Rosdy Wan Ismail said, this project managed by MSSB is expected to open job opportunities for almost 1,000 local residents.
“PKNP signed a land lease agreement covering an area of approximately 6.70 hectares with the company involved (MSSB) for that purpose.
“This is a good business opportunity with an expected return of between RM30 million to RM50 million per month,” he told reporters after witnessing the Lease Agreement Signing Ceremony between PKNP and MSSB at the PKNP Office at Teruntum Complex here today.
Meanwhile, MSSB Managing Director, Khairil Anwar Ghazali said, the company already has storage stocks and silica sand processing factories in three states, namely Johor, Perak and Kedah.
“We chose this state as our next location because Pahang has abundant and high-quality silica mineral resources that meet customer standards.
“The cost of building the factory is expected to cost between RM50 million to RM100 million with an initial investment value of up to RM200 million.
“The construction of the factory will be carried out as soon as all dealings with the authorities are completed within six months and the construction will be done in phases between one and two years,” he said.
He said, the opening of the factory will not only open up job opportunities for local residents but will also attract more foreign investors to the state.
In the meantime, Khairil Anwar said, the company is also planning to implement a mine land rehabilitation plan after the mining process ends.
“We have done a detailed study on the matter and we plan to implement sugarcane farming on the site of the former mine,” he said. – UTUSAN
