$3.3 billion invested in Malaysia’s basic metals sector in Jan-Aug

Monday, 17 October 2011 16:29:14 (GMT+3)   |  
       

Malaysia attracted RM 35.8 billion ($11.5 billion) in investments, foreign and domestic, in manufacturing projects in the first eight months of this year, according to Malaysian media resources.

Malaysian Deputy Minister of International Trade and Industry, Datuk Mukhriz Mahathir Mohamad, said that 54.2 percent of the total investments were foreign direct investments, while 45.8 percent were domestic direct investments. Accordingly, a total of RM 6 billion ($1.9 billion) in foreign investments were invested in the basic metal products industry which was one of the five key sectors which attracted foreign and domestic investments, while a total of RM 4.4 billion ($1.4 billion) were invested by domestic investors in the industry in question.


Similar articles

Malaysian HRC project to be commissioned by 2015

25 Jun | Steel News

Shougang Group to build steel plant in Malaysia with Xiede Investment

03 Jan | Steel News

Acerinox commissions phase one of Bahru Stainless complex in Malaysia

15 Dec | Steel News

Shougang to build new steel plant in Malaysia

06 Dec | Steel News

Vale begins construction on Malaysian iron ore distribution center

11 Oct | Steel News

Malaysian producer Perwaja to boost local steel industry with iron ore project

05 Aug | Steel News

SMS Siemag to build new cold rolling mill for Bahru Stainless

07 Jun | Steel News

Malaysian HRC project to be commissioned by 2015

25 Jun | Steel News

Shougang Group to build steel plant in Malaysia with Xiede Investment

03 Jan | Steel News

Acerinox commissions phase one of Bahru Stainless complex in Malaysia

15 Dec | Steel News