It plans to invest over RM2 billion in the next seven years, says Tengku Zafrul Aziz.
Investment, trade and industry minister Tengku Zafrul Aziz says the entry of Alton Industry Ltd into Malaysia portray’s the country’s attractiveness as an investment hub.
“Both Alton and this company have operations in China and they want to expand to Malaysia,” Tengku Zafrul said.Alton’s decision to set up its manufacturing and R&D facility in Johor reflected the group’s confidence in the country’s attractiveness as an investment destination. The group also laid out its plan to invest over RM2 billion in the next seven years for its expansion and growth.
“The incentives from the federal, state and local governments, as well as the support in terms of infrastructure, make this a good investment move for the group,” it said.Meanwhile, another US firm Top-Line Furniture Corporation has expressed its intention to increase its imports from Malaysia over the next few years to RM230 million per year.
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