Perak received RM100 million investment for a pilot project at Silver Valley Technology Park

By Balqis Jazimah Zahari

IPOH: A sum of RM 100 million was channelled by an investor from China, Jinjing Silicon Technology Sdn Bhd. to implement a pilot project for the construction of a ‘Zero Waste Facility’ processing factory at Silver Valley Technology Park (SVTP).

The investment amount does not include the building construction cost of RM 40 million.

This joint venture initiative with Jinjing Silicon Technology Sdn Bhd is a starting point for the Perak State Development Corporation (PKNPk) in an effort to develop the SVTP project comprehensively and aggressively and create a conducive environment with state-of-the-art facilities, added value, support services and strategic collaboration with the industry .

Perak Menteri Besar, Datuk Seri Saarani Mohamad said the project is another State Government initiative through PKNPk in empowering the mineral processing agenda.

According to him, the first processing factory in the region built using the Built-To-Suit and Lease (BTSL) model on an 11.88-acre site will begin operations next year.

“The opening of Jinjing Silicon Technology Sdn Bhd’s processing factory marks the beginning of development initiatives at SVTP that will drive economic growth in the State of Perak.

“This factory will process minerals comprehensively, including intermediate and downstream processes. It is the beginning, because this SVTP is wide and over time we are confident that more investors will come to adopt the existing management site,” he said.

He said this at a press conference after attending the groundbreaking ceremony for the Build to Suit and Lease (BTSL) Mineral Processing Factory Development Project with Jinjing Silicon Technology Sdn Bhd Bhd (Jinjing) at the Kanthan Industrial Estate today.

Also present, Chairman of the State Tourism, Industry, Investment and Corridor Development Committee, Loh Sze Yee; Chief Executive of the Perak State Development Corporation (PKNPk), Datuk Redza Rafiq Abdul Razak; China Consul General in Penang, Zhou Youbin and Jinjing Silicon Technology Sdn Bhd, Cui Wen Chuan.

Saarani said the project is expected to produce 1 million tons of white silica sand per year, 100,000 thousand tons of high-purity quartz sand as well as the production of silicon materials for use in the renewable energy industry.

“This factory is expected to start operations in the third quarter of next year which will offer about 500 new job opportunities to the people of Perak.

“The investment from Jinjing Silicon Technology Sdn. Bhd worth RM 100 million, into the mineral industry will create a momentum to develop intermediate and downstream activities and revolutionise the value chain as a whole,” he said.

He said, the smooth process of transforming raw materials into semi-finished products, optimising logistics and strengthening warehousing capacity driven by abundant mineral resources, especially silica, will attract domestic and international investors.