13 February 2007
Johor Bahru, Tuesday February 13….HG Metal Manufacturing Ltd., a leading supplier of steel and stainless steel products in the South-east Asian region listed on the Main Board of the Singapore Exchange, today signed a Sales and Purchase Agreement with UEM Land Sdn. Bhd. for the purchase of five plots of industrial land at the Nusajaya Industrial Park in Nusajaya. These industrial plots with a total area of 26.18 acres at a purchase consideration of RM 23,948,417.00 will house HG Metal’s new high technology plant.
With its wide range of products – more than 10,000 different types of steel and stainless steel products, HG Metal’s presence in the Nusajaya Industrial Park will create downstream industries that can benefit the SMIs that are operating at the Park.
According to Wan Abdullah Wan Ibrahim, Managing Director of UEM Land Sdn. Bhd., “This relationship with HG Metal bodes well for us in Nusajaya, in terms of synergy. Not only will the new high technology plant make NIP vibrant, especially with the projected presence of its 1,000 employees. These employees will create an immediate need for houses and a ready market for our residential development in Nusa Idaman that had been recently launched.”
HG Metal’s new high technology plant that is designed for the whole spectrum from high flash point to low flash point manufacturing, process and storage of steel products will comprise three factories, warehouses and an administration building. The high technology manufacturing process activities will include slitting and shearing, steel fabrication and formworks, re-rolling bars and forging, powder coating, galvanizing and sand blasting. The development will be carried out in three phases and is aimed at upgrading operational efficiency, add value to market requirements and changes in customer demands.
The 68 acre Nusajaya Industrial Park is a part of Nusajaya’s industrial component which includes Southern Industrial and Logistics Cluster (SiLC), the latest key development in the Iskandar Development Region for the advanced technology industrial community. SiLC’s value proposition is focused on developing the value chains of integrated industrial clusters for three major areas – Advanced technologies, Nutrition and Health Industries and Logistics. Currently there are seven factories in operation at Nusajaya Industrial Park. These factories are employing over 3,000 people.
About the Southern Industrial & Logistics Cluster at Nusajaya
The Southern Industrial and Logistics Clusters or SiLC, one of the seven signature developments in Nusajaya, is envisioned to be the latest key development in the Iskandar Development Region (IDR) for the advanced technology industrial community. Aimed at catalyzing the IDR economic zone, SiLC will encompass major industry players, supporting industries, researchers, regulatory bodies and other related parties. The Nusajaya Industrial Park, on a site covering 68 acres, is part of the SiLC. There are already seven factories in operation at the Park with another three plots being developed and three more to be expanded in the near future.
SiLC also proffers prospects and expansion for nutrition and health, as well as logistics industries. The 1,372 acres industrial park will be focused on developing the value chains of integrated industrial clusters of three major areas – Advanced technologies, Nutrition and Health Industries and Logistics.
Its close proximity to two international airports and cargo hubs as well as four seaports both in Johor and Singapore is a value-adding advantage.
For further information, please contact Salemy Arshat at +607 2773700