Ningbo Fresh Technology Co Ltd of China will invest an additional RM263 million to expand its operations in Tanjong Malim, Perak, further strengthening Malaysia’s automotive industry ecosystem.
Perak Menteri Besar Datuk Seri Saarani Mohamad said the company already operates an automotive component manufacturing plant in Tanjong Malim and is now planning to scale up its presence at the Tanjong Malim Hi-Tech Park.
He said the expansion is aimed at serving both local and export markets, and is expected to boost the state’s economic growth while creating high-skilled job opportunities and supporting technology transfer and local talent development.
“This investment is expected to further stimulate the state’s economic growth, creating high-skilled job opportunities and accelerating technology transfer and local talent development,” he said in a Facebook post.
Saarani is currently leading a Perak trade and investment mission to China, which includes visits to several companies such as Ningbo Fresh Technology in Shanghai.
He added that Perak will continue to position itself as a strategic investment destination for the automotive and high-technology sectors, as well as future-focused industries.
Earlier during the mission, the Perak State Agricultural Development Corporation also signed a memorandum of strategic cooperation with Shuita Energy Group Co Ltd to explore renewable energy development projects in the state.
