China-based Shandong Daiyin Textile & Garment Group (D&Y Group) plans to invest around MYR640m (US$199m) in Johor through its subsidiary D&Y Textile (Malaysia).
D&Y Group chairman Zhao Huanchen said Malaysia is the first South East Asian country that the group has ventured into. “D&Y Group’s textile facility in the Sedenak Industrial Park in Kulai will house a spinning centre of 200,000 spindles and bring into Malaysia advanced textile technologies,” he said
“All products from the Johor plant will be exported, and this is expected to generate annual foreign exchange earnings amounting to US$350m for Malaysia. This venture will create better job opportunities and help boost the local textile industry.”
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