LB Group invests RM1bil in Kedah plant
KUALA LUMPUR: LB Group Co Ltd, a global titanium dioxide (TiO₂) and advanced inorganic chemicals producer, has broken ground on a RM1 billion manufacturing facility in Gurun, Kedah, as part of its expansion in Southeast Asia.
KUALA LUMPUR: LB Group Co Ltd has commenced construction of a RM1 billion manufacturing plant in Kedah, Southeast Asia, as part of its expansion strategy. The RM600 million phase one project, operated by Malaysian subsidiary LB Advanced Material Asia Sdn Bhd, will be built on 24.3 hectares at Gurun Heavy Industrial Park. Upon completion, the facility aims to achieve an annual production capacity of 300,000 tonnes.
Malaysian Investment Development Authority CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid praised the investment, emphasizing Malaysia's potential as a regional manufacturing hub and its commitment to high-value manufacturing development. In line with the New Industrial Master Plan 2030 and Chemical Industry Roadmap 2030, this move aligns with Malaysia's strategic advantages and robust industrial infrastructure.
LB Group, a global leader in titanium dioxide and advanced inorganic chemicals, operates an integrated value chain with a focus on titanium minerals, TiO₂, titanium sponge, zirconium products, and new energy materials. The BILLIONS brand serves over 1,500 customers worldwide across various industries. The project is anticipated to generate more than 300 skilled jobs and contribute to Kedah's industrial and chemical manufacturing ecosystem.
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