Kertih plastic park set to woo more investments

4/5/2008 — Business Time Online
“This means that both the federal and state governments are aware of the importance of the plastics industry to the country’s economy and are seriously looking into developing further the plastics industry,” he said in a statement.
Lim said a specialised park meant that the government could look into the specific needs of the plastics industry.
He said at least one of the association members had bought land in the country’s first plastic park.
Other members, he added, were waiting for the park’s full launch when the infrastructure facilities are established before making any further commitments.
According to Lim, the park’s main attraction is its proximity to the resin production plants in Kertih, Terengganu, and Kuantan, Pahang. Resin is the main raw material for the plastics industry and proximity to the source of supply results in substantial savings on transportation costs.
In addition, plastics manufacturers could leverage on the existing Eastern Corridor incentives to enhance their competitiveness, Lim said.