China's LB Group to build $245M chemicals plant in Malaysia
What's the deal? LB GroupDealroom has a profile for this one. Try Dealroom →, a Chinese maker of titanium dioxide and inorganic chemicals, broke ground on a US$239.1M plant in Gurun, Kedah, Malaysia. The 60.1-acre site will be built in phases, eventually reaching an annual capacity of 300,000 tonnes.
What's the endgame? The facility, run by subsidiary LB Advanced Material AsiaDealroom has a profile for this one. Try Dealroom →, expands the company's manufacturing footprint into Southeast Asia. Phase 1 alone accounts for US$143.5M of the total investment.
Why here? Gurun connects to major highway and rail networks feeding Penang Port, easing exports. "Establishing LB Advanced Material Asia allows us to better serve our regional and global clients while navigating international trade dynamics with greater flexibility," said Liang Sun, a director of the subsidiary.
What's the company? LB Group is a listed global titanium dioxide manufacturer with an integrated value chain spanning titanium minerals, titanium dioxide, titanium sponge, zirconium products, and new energy materials. Its BILLIONSDealroom has a profile for this one. Try Dealroom → brand serves more than 1,500 clients worldwide across coatings, plastics, inks, and paper.
What changes locally? The project is expected to create over 300 skilled jobs for Malaysians and deepen Kedah's chemical manufacturing base. The Malaysian Investment Development Authority (MIDA) called it "a strong vote of confidence in Malaysia's industrial ecosystem."
The signal: The move fits Malaysia's push to become a regional manufacturing hub under its New Industrial Master Plan 2030, while offering Chinese firms a base to sidestep shifting global trade dynamics.
Read more: labuantimes.com.my
Image credit: thienzieyung
