JINGXING GROUP COMMITS RM1.9 BLN TO MALAYSIA EXPANSION

KUALA LUMPUR, April 22 (Bernama) -- Zhejiang Jingxing Paper Joint Stock Co. Ltd’s wholly owned subsidiary, Jingxing Holdings (M) Sdn Bhd, has committed RM1.9 billion to a phase two expansion of its operations in Banting, Selangor.

In a joint statement on Monday, Jingxing Paper and the Malaysian Investment Development Authority (MIDA) said the expansion will introduce advanced manufacturing lines supported by integrated thermal power, water treatment and wastewater management systems.

The project will add 600,000 metric tonnes of annual Kraft Liner production capacity, bringing the Chinese firm’s total investment in Malaysia to RM3 billion.

It said the facility’s automation systems are expected to create 500 new jobs and generate over RM45 million in annual local operating expenditure.

“The expansion strengthens Malaysia’s export capabilities, with 70 per cent of production earmarked for international markets.

“This investment builds on Malaysia’s growing paper manufacturing sector, which attracted RM877.9 million in 2024, including RM578.4 million in foreign investments,” it said..

MIDA deputy chief executive officer (investment promotion and facilitation) Sivasuriyamoorthy Sundara Raja said Jingxing’s latest commitment aligns with national priorities to promote sustainable industrial growth.

“This facility stands out not only for its scale, but for its environmental engineering—from closed-loop water treatment systems to cogeneration-based energy recovery.

“Malaysia offers a stable, rules-based investment environment, and we are seeing long-term commitments from strategic investors such as Jingxing,” he said.

Meanwhile, Jingxing Malaysia director and deputy chairman Wang Zhiming said the company’s decision to expand was underpinned by Malaysia’s strategic location and continued support from federal and Selangor state governments.

“The new plant, once completed, will further strengthen our product range and quality. We are focusing on service efficiency, local hiring, and supply chain integration.

“We aim to drive technological innovation and build long-term partnerships in the paper industry, while continuing to meet customer expectations for sustainably produced goods,” he said.

-- BERNAMA