Alliance Steel Investment in Kuantan Industrial Park starts

Alliance Steel’s (ASSB) 3.5 million tonnes integrated steel project at the Malaysia-China Kuantan Industrial Park (MCKIP) has been commissioned, a year after starting operations.

Alliance Steel Sdn Bhd, the largest investor in the Park, has created MYR 530 million worth of business opportunities since it was established three years ago. Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said ASSB’s presence in MCKIP has helped 2,700 locals to obtain jobs which offered attractive salaries. He added that “The impact from MCKIP’s development and the resulting inflow of investments has resulted in the development of infrastructures such as roads, utilities, port expansion and communication network to the benefit of local residents.”

Mr Wan Rosdy said this in a speech at ASSB’s event in conjunction with the commissioning of an integrated steel production project to produce 3.5 million tonnes of steel per year.

Mr Wan Rosdy said ASSB was one of the top five Chinese companies operating in Malaysia in terms of investments, with investments totalling MYR 5.6 billion. He added that “I was also informed that 16% of the investment was utilised for green technology, including the construction of a 12-kilometre long conveyor belt connecting Kuantan Port and the steel plant,” he said. 

He said the state government will remain committed in facilitating investors in conducting their business here, with the support from the Federal government and relevant agencies.