Fully Integrated Plastics Park to be Launched Next Month

11/15/2008 — BERNAMA
Malaysia’s first fully integrated plastics park, a major project under the East Coast Economic Region (ECER) Master Plan, will be launched by Prime Minister Datuk Seri Abdullah Ahmad Badawi on December 2.
The Kertih Plastics Park (KPP), in Kertih, Terengganu, will function as a hub supporting plastics and plastics-related manufacturing activities as well as service providers on a 140-hectare site.
The KPP is aimed at promoting further downstream investments in the plastics and plastics-related industries by tapping into the potential synergies from integration with the nearby Kertih Integrated Petrochemical Complex (KIPC), the ECER secretariat said in a statement here today.
The KPP, which is projected to contribute a total investment of about RM1.3 billion, will be the nucleus for the development of improved or new technologies while harnessing knowledge and skills in the plastics industry.
Petronas and its partners have laid a strong foundation through the installation of various oil, gas and petrochemical related facilities, which presents good opportunities for downstream manufacturing activities, especially for small and medium scale enterprises.
The addition of a Petronas Polymer Technology Center within the KPP will also fuel research and development as well as petrochemical product innovation.
Since the KPP is close to the existing Kertih pertochemical facilities within the Petronas Petroleum Industry Complex, it has also access to reliable and just in time feedstock supply, which translates into savings in logistics and warehousing costs.
The KPP is expected to generate direct employment for more than 2,000 people in the ECER.
It also expected to have an employment multiplier effect for the downstream petrochemical industry. — BERNAMA