Post Time:Apr 28,2022Classify:Industry NewsView:1370
IPOH, April 27 (Bernama) -- The first processing plant in Perak to process silica into glass will commence operations in the Silver Valley Technology Park (SVTP) in the Kanthan Industrial Area next year.
Perak Menteri Besar Datuk Seri Saarani Mohamad said the collaboration between the Perak State Development Corporation (PKNPk) and Jinjing Silicon Technology Sdn Bhd for the construction of the built-to-suit and lease (BTSL) mineral processing plant on over four hectares would be a catalyst for the development of SVTP.
It has the potential to attract more investments from silica or quartz-related enterprises. It will be the first plant he said.
He said this after witnessing the signing ceremony of the agreement between PKNPk and Jinjing Silicon, for the states mineral industry;development initiative by empowering downstream and manufacturing activities.
Based on the BTSL business model construct the building for Jinjing Silicon with a 30-year lease, and an initial investment of RM100 million is expected to be invested in the state for the production and processing of quartz or silica-based minerals.
Saarani said the mineral development initiative implemented by PKNPk was in line with the National Mineral Industry Transformation Plan Framework 2021-2023 and also coincides with the decree of Perak ruler Sultan Nazrin Muizzuddin Shah on Aug 25, 2021, where PKNPk is identified for its role as a leader in the intermediate and downstream activities for the mineral industry in the state.
This agreement is expected to invigorate the mineral industry in Perak and generate business and job opportunities as well as higher revenue for the state government he said.
BERNAMA
Source: https://www.bernama.com/Author: shangyi
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