Johor Upbeat On Higher Investments

(From left) Puma Energy general manager Low Huat Chye, State Tourism, Domestic Trade and Consumerism Committee chairman Datuk Tee Siew Kiong, Puma Energy general manager and head of global supply bitumen Jonathan Ellisor, Trafigura Pte Ltd director Dominic Watters, and Sonangol Asia president Luis Manuel after the launch of Langsat Bitumen Terminal in Tanjung Langsat yesterday. Pic by Roslan Khamis

by Chuah Bee Kim

NST online

PASIR GUDANG: The Johor government is confident of achieving its investment target of RM20 billion for the year, up from RM14.4 billion achieved last year.

State Tourism, Domestic Trade and Consumerism Committee chairman Datuk Tee Siew Kiong said the optimism is based on the steady increase of foreign investments flowing into the state.

He said Johor has received investments totalling RM18.7 billion in the first seven months of the year.

Tee also revealed that a foreign multinational company is keen on investing in the state.

“Talks with the international company is now in its final phase, and the state government is confident the investment worth some RM6 billion will be poured into the Sedenak Industrial Park in Kulai.

“Based on the new development, the state government is confident the total investments this year will reach more than RM20 billion, and this will propel Johor as the state with the highest investments in the country.

“We found that the manufacturing sector is a strong contributor to the economic development of Johor, contributing nearly 35 per cent to the gross domestic product of the state,” he said after opening the Langsat Bitumen Terminal in Tanjung Langsat, here, yesterday.

The terminal, built by Puma Energy (M) Sdn Bhd, a subsidiary of the Switzerland-based commodity trading multinational Trafigura Beheer BV, is part of its expansion move to serve the Asian market.

Puma Energy general manager and head of global supply bitumen Jonathan Ellisor said the company’s investment in Malaysia is a 
significant step forward as it focuses on the growth of global bitumen capability.

“The modern storage facility can accommodate several grades of bitumen in bulk, with a capacity of 74,000 tonnes,” he said, adding that it is the largest new private terminal in Southeast Asia and is able to handle ships of 1,000 to 45,000 deadweight tonnes.

Puma Energy operates a bitumen distribution network, including a dedicated fleet of bitumen vessels and terminals, across Africa, Asia Pacific and Central America.