KUALA LUMPUR: MMC Corporation Bhd's (MMC) unit Senai Airport City Sdn Bhd (SACSB) has signed a 60-year land lease agreement with Fuji Oil Asia Pte Ltd (FOAPL) worth RM53.9mil.
MMC said on Monday the 10.02ha industrial land in Senai Airport City (SAC), Iskandar Malaysia, Johor would be used by FOAPL to construct and operate its manufacturing facility.
FOAPL, a subsidiary of Fuji Oil Group headquartered in Osaka, Japan, is a global supplier of intermediate food ingredients particularly in specialty oils and fats, confectionary and bakery, soy protein and related consumer foods products.
MMC said the plant would be FOAPL's largest facility outside Japan, adding SAC was selected for its strategic location adjacent to FOAPL's major client, Hersheys largest chocolate manufacturing facility outside North America.
MMC group managing director Datuk Seri Che Khalib Mohamad Noh said SAC has been dubbed by local and international investors as a southern gateway for high-value industries and a hub for international logistics for industries.
"Investors from Singapore, the US, Japan and Korea recognise the advantages of SAC, and I am confident that FOAPL will gain from these advantages as well, he said.
SACSB is SAC's master developer of a 1,099.94 ha. integrated industrial development, targeting various industrial segments such as Free industrial Zone, Hi-Tech and General Manufacturing, Aerospace Maintenance, Repair and Overhaul and Logistics as well as Mixed Development.
It is currently being developed in phases with 40 per cent of the area completed to date with basic infrastructure for various industrial sectors, said MMC.
It is gazetted as a free zone where investors enjoy various incentives under the Iskandar Region including pioneer status, investment tax allowance and Approved Developer Status, it added.
No comments:
Post a Comment