Five com­pa­nies to in­vest in new clus­ter at Batu Kawan In­dus­trial Park

New Straits Times - - Business - GE­ORGE LO SIEW CHEONG

AU­DREY DERMAWAN GE­ORGE TOWN au­dreymd@nst.com.my

PE­NANG’S gold and jew­ellery in­dus­try is set to re­ceive a ma­jor boost with the in­vest­ment of nearly RM50 mil­lion in the new gold and jew­ellery clus­ter at the Batu Kawan In­dus­trial Park (BKIP) in Pe­nang.

Five gold­smith and jew­ellery man­u­fac­tur­ing com­pa­nies un­der the Pe­nang Gold­smith As­so­ci­a­tion will be the pi­o­neer com­pa­nies to set up pres­ence at the 2.44ha site at BKIP.

The five com­pa­nies are G2 Gold (M) Sdn Bhd, which will be in­vest­ing RM24.6 mil­lion, Jin Huo Gold and Jew­ellery In­dus­tries (M) Sdn Bhd (RM12.5 mil­lion), TC Suc­cess Jew­ellery Sdn Bhd (RM6.8 mil­lion), TC Jew­ellery Sdn Bhd (RM2.9 mil­lion) and LKT Luck Sdn Bhd (RM2.8 mil­lion).

Pe­nang Gold­smith As­so­ci­a­tion ad­viser and im­me­di­ate past chair­man Ge­orge Lo Siew Cheong said in­vest­ments from the five com­pa­nies would cre­ate nearly 700 job op­por­tu­ni­ties, which would in­clude high-value pro­fes­sional gold­smith crafts­man jobs.

The five com­pa­nies are ex­pected to com­mence con- struc­tion by the sec­ond half of this year or the first half of next year pend­ing ap­proval from rel­e­vant au­thor­i­ties, and the fa­cil­i­ties are ex­pected to be com­pleted within two to three years.

“The con­struc­tion will fea­ture state-of-the-art ma­chin­ery and will utilise the wa­ter waste treat­ment, a new stan­dard in jew­ellery man­u­fac­tur­ing in the coun­try.

“The set­ting up of the gold and jew­ellery clus­ter will fur­ther strengthen Pe­nang’s po­si­tion as a ma­jor gold fin­ish­ing hub,” he said at a press brief­ing on the gold and jew­ellery clus­ter, here, yes­ter­day. Present was at Chief Min­is­ter Lim Guan Eng.

Lim also wit­nessed the sign­ing of a sales and pur­chase agree­ment be­tween rep­re­sen­ta­tives of the five com­pa­nies and Pe­nang De­vel­op­ment Corp (PDC) for in­dus­trial land of the gold and jew­ellery clus­ter at BKIP.

TC Jew­ellery was rep­re­sented by its manag­ing di­rec­tor Lo, LKT Luck by its di­rec­tor Tan Geng Seng, TC Suc­cess Jew­ellery by its di­rec­tor Lim Tong Kor, Jin Huo Gold and Jew­ellery In­dus­tries by its manag­ing di­rec­tor Chiah Hock Yew and G2 Gold by its di­rec­tor Lim Teik Peng while the PDC by its gen­eral man­ager Datuk Rosli Jaa­far.

The Pe­nang gold and jew­ellery in­dus­try, Lo said, was al­most two cen­turies old and the main con­trib­u­tor to the coun­try’s gold and jew­ellery in­dus­try.

The set­ting up of the gold and jew­ellery clus­ter will fur­ther strengthen Pe­nang’s po­si­tion as a ma­jor gold fin­ish­ing hub.

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