NCIA Secures 2 Committed Reinvestments From Japanese Investors
26 Apr 2012 09:39 AM

NAGOYA, April 25 (Bernama) -- The Northern Corridor Implementation Authority (NCIA) has secured two committed reinvestments during the two-day trade and investment mission to Kyoto and Nagoya, Japan.

Its chief executive, Datuk Redza Rafiq, said one of the deals would be signed between Aichi-based MRT Japan Co Ltd and Malaysian company, JPB Asia Pacific, in July in Kagoshima.

Later, a joint venture company would be set up to facilitate its operation in Malaysia, he said.

MRT Japan, which is involved in marketing fruits, vegetables and horticulture, had invested RM35 million in two green cultivation houses of rock melons, chillies and Japanese pumpkins in Kuala Kura (Kedah) and Ara Kuda (Penang).

Redza said the company would invest another RM100 million to cater to strong demand for its products, especially from the Japanese, globally.

"The investment will be spread over three years and the project will be developed with local partners," he told Malaysian reporters after a seminar on "Business Opportunities in Malaysia", held in conjunction with the mission.

The mission, from April 23-24, was led by Deputy Minister of International Trade and Investment, Datuk Mukhriz Mahathir.

Redza said the production expansion was expected to create 250 jobs and 100 business opportunities.

"Using the best technology from France and Japan's know-how, the cultivation of greenhouse projects could generate a potential income of RM5,000 for the locals involved," he said.

Meanwhile, Global Outreach Energy Sdn Bhd and its Japanese partner, Useful Person Co Ltd, would invest an additional RM107 million to expand the light-emitting diode (LED) facility by 20,000-30,000 sq ft facility from the current 8,000 sq ft.

The LED lighting products produced in Penang will soon be exported to the Philippines, Thailand and India.

Currently, they are only exported to Japan.

-- BERNAMA