Cabot expands sustainable rubber operations in Malaysia
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KUALA LUMPUR Cabot Corp. is expanding its manufacturing as well as R&D capabilities at its plant in Port Dickson, Malaysia, according to the Malaysian Investment Development Authority.
The project centers on Cabot s engineered elastomer composites (E2C) unit, launched in 2020 to supply the tire and industrial rubber industry.
Under the expansion program, Cabot is increasing its staff by around 30 percent and installing enhanced digital controls and automation systems.
The U.S.-based company also is signing a long-term extension and expansion of its land lease in Port Dickson, according to a Feb. 26 MIDA statement.
Published on: Saturday, March 06, 2021
By: Borneo Post
Hajiji with ISB members. On his right is Datuk John Lo.
Kota Kinabalu: The State Government wants all hurdles hampering investments to be removed to facilitate investments into Sabah, said Chief Minister Datuk Seri Hajiji Mohd Noor.
“Red tape faced by well-meaning investors will only hurt our efforts to draw investors to Sabah, hence we must remove them,” he said, when chairing the first board meeting of Invest Sabah Bhd (ISB), Friday.
Invest Sabah Bhd was established December 2020 under the purview of the Industrial Development Ministry to promote both local and foreign investments.