Malaysia's first and only specialised industrial park focusing on the plastics industry

02-Apr-08

Malaysia's Kertih Plastic Park, developed under the East Coast Economic Region (ECER), is well positioned to attract more investments, as per the Malaysian Plastics Manufacturers Association (MPMA). The park has been set up as the first and only specialised industrial park in the country focusing on the plastics industry, reflecting the importance of the plastics industry to Malaysia's economy. The park can be used as a production hub for plastic products meant for exports. The main attraction at the park is its proximity to the resin production plants in Kertih, Terengganu, and Kuantan, Pahang, resulting in substantial savings on transportation costs. In addition, plastics manufacturers could leverage on the existing Eastern Corridor incentives to enhance their competitiveness. Attractive land cost also offer competitive advantage- Land cost at the park is about RM5 per square foot which is several times lower when compared to the land cost of between RM20 and RM60 in states like Selangor, Johor and Penang Setting up of plastics park will further value-add and extend the oil, gas and petrochemical value chain, via downstream manufacturing of plastics products and integration with related plants and services within the existing Petronas Petroleum Industry Complex. Investors in the park will be able to reap economies of scale and direct cost savings through tapping into operational and infrastructural synergies at site and obtaining "just-in-time" raw materials supply. The park's development will also be supported by world- class research and development (R&D) input from the Petronas Polymer Technology Centre.