U.S. FIRM INVESTING RM600M IN JOHOR

Leaf Malaysia plans to build factory on 8.09ha site in Pelabuhan Darat, Segamat

JOHOR has received yet another foreign direct investment (FDI) from the United States. Technology-based Leaf Group, through Leaf Malaysia OpCo Sdn Bhd, is set to invest up to RM600 million to build a factory on 8.09ha site in Pelabuhan Darat, Segamat.

The plant, which will cater to the biotechnology procession and green technology segments, is expected to be completed in 2021.

The investment will lead to the creation of 60 employment opportunities in Segamat.

“Leaf Malaysia’s decision to invest in Segamat is an ideal choice, given Johor’s position as one of the main revenue contributors to the country,” said Johor Tourism, Trade and Consumerism committee chairman Datuk Tee Siew Kiong.

“Segamat has some large-scale farming, with the potential for biomass technology and other myriad green technology-related economic endeavours.

“Segamat is also rich with natural resources and it is one of the areas that are being developed by the Malaysian Investment Development Authority through several initiatives,” he said at the signing ceremony for the investment, here, yesterday.

Tee added that according to last year’s FDI figures, the US was the third-largest foreign investor in Johor with total investments of RM719.7 million, primarily in biotechnology and chemicals.

Leaf Malaysia’s decision to invest in Segamat is an ideal choice, given Johor’s position as one of the main revenue contributors to the country.

DATUK TEE SIEW KIONG

Johor Tourism, Trade and Consumerism committee chairman