Chinese Conglomerate To Invest Rm820mil In Johor R D Hub Says Anwar

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The prime minister says the project by Tianjin-based Rianlon Corporation is expected to generate high-skilled jobs and strengthen Malaysia’s technology sector.
The commitment by Rianlon Corporation was conveyed to Prime Minister Anwar Ibrahim during a meeting with its CEO and chief technology officer in Tianjin, China. (Bernama pic)TIANJIN: Chinese conglomerate Rianlon Corporation will invest RM820 million to establish a research and development (R&D) centre and factory in Johor, Prime Minister Anwar Ibrahim said today
He said the project is expected to generate high-skilled jobs and strengthen Malaysia’s technology sector.
Rianlon, headquartered in Tianjin, is a global producer of anti-ageing additives for polymers and cosmetics.
The company’s commitment was conveyed during Anwar’s meeting with its chairman and CEO, Li Haiping, and chief technology officer, Sun Chunguang.
Anwar, who is also the finance minister, also met with executives from China Communications Construction Company Ltd (CCCC), including chairman Song Hailiang and vice-president Chen Zhong, to discuss ongoing cooperation.
He said Malaysia and CCCC remain focused on the East Coast Rail Link (ECRL), describing the project as “a symbol of Malaysia-China friendship” under the Belt and Road Initiative.
“The ECRL will help bridge regional development gaps and deliver economic benefits to local communities,” he said.
He said the government will continue to promote investment, advance high-technology industries, and strengthen economic ties with China.
Anwar is on a four-day working visit to China to attend the Shanghai Cooperation Organisation summit at the invitation of president Xi Jinping to speak at the SCO Plus summit. - FMT

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