[ 19-09-2014 ]
Johor Confident Of Attracting More FDI From Japan
PASIR GUDANG, Sept 8 (Bernama) -- Johor is confident it can attract more foreign direct investment (FDI) from Japan in the future, said Menteri Besar Datuk Seri Mohamed Khaled Nordin.
He attributed this to the political stability, right infrastructure, conducive and secure business environment, coupled with abundant raw materials and talent pool that the state has at the moment.
He said the investment from Japanese investors in Johor had been substantial in the last few years.
"In 2013, total amount of FDI received from Japan was RM528 million (US$164 million) or 4.58 per cent of the overall FDI, whereas RM454 million or 10.98 per cent of the FDI was received in 2012," Mohamed Khaled said.
He was speaking at the opening ceremony of Adeka Foods (Asia) Sdn Bhd at the Tanjung Langsat Industrial Estate here Monday.
Also present were President of Adeka Corporation, Akio Kohri and Group Executive Director of IOI Group, Datuk Lee Yeow Chor.
Mohamed Khaled said Johor has always been strong in the agricultural industry and remained as the country's most important food producer.
Having the largest oil palm plantation in the country is one of the reasons that Adeka Foods has chosen Johor as its location to set up its manufacturing facilities here.
Adeka Foods, which is a joint venture between Japanese processed food and chemical maker Adeka Corporation and Malaysian conglomerate IOI Corporation, started the construction of the 35,000-square metre factory in August last year and became operational early this month.
Among others it manufactures margarine, shortening, oils and fats for chocolate, oils and fats for frying, whipping cream, enriched milk products, fillings, frozen pie crusts and mayonnaise dressing, most of which will be exported to Southeast Asian countries.