Source: http://investvine.com/samalaju-industrial-park-and-tanjung-manis-halal-hub-set-standards-for-score/
Samalaju Industrial Park and Tanjung Manis Halal Hub set standards for SCORE
The Samalaju Industrial Park and Tanjung Manis Halal Hub are the two central zones in the SCORE initiative. The two regions are leading the way in terms of on-going projects and are expected to fuel further investments in Sarawak’s overall economic development plan.
Of all the activities and developments taking place within the Sarawak Corridor of Renewable Energy (SCORE), two bustling areas have emerged as cornerstones of the entire project.
The Samalaju Industrial Park (SIP) in Bintulu and the Tanjung Manis Halal Hub in the western-most part of the Corridor are expected to enjoy the highest density of investment from foreign and domestic interests.
Since the launch of SCORE in 2008, both zones have pushed ahead with their respective development agendas, bolstered by investments and pledges from some of the biggest players in their sectors.
The two regions cater to vastly different businesses. SIP is dedicated to heavy and energy intensive industries while TMHH focus on food security, agriculture and halal products. However, both are working in unison to help Sarawak achieve its goal of becoming a developed state by 2020.
SIP is a 7,000-hectare area on the coast of Bintulu dedicated to energy-intensive heavy industry and under the jurisdiction of the Bintulu Development Authority.
The Park will house companies engaged in aluminium smelters, steel, oil refineries, silica-based industries, marine engineering and other industrial and commercial activities.
A dedicated port will be developed inside the SIP to transport raw materials and produce. In addition, Bintulu Port, which is being upgraded to meet the expected demands of industries in the area, will provide another sea route in and out of the Park with massive cargo capability.
The production of aluminium, for which global demand is expected to rise four per cent, will have a strong presence at SIP with three separate projects eventually producing about 1.3 million tonnes a year.
The biggest one is a US$1 billion plant in a joint venture between Cahya Mata Sarawak Berhad and Rio Tinto Alcan, producing 720,000 tonnes. The Aluminium Corporation of China and a Malaysian group led by tycoon Tan Sri Syed Mokhtar Al-Bukhary and UAE business leader Mohammed Ali Rasheed Alabbar are building a US$1.6 billion smelter with production capacity of 370,000 while local company Press Metal Bintulu have received financing and have starting building a 240,000 capacity plant.
Two manganese smelters will also be established in Samalaju. Hong Kong’s Asia Minerals Ltd is keen to build a RM3 billion factory while Cahya Mata Sarawak is teaming up with Australia’s OM Holdings for manganese and ferro silicon allow plant.
Japan’s Tokuyama Corporation is spending more than RM6 billion for two polycrystalline silicon factories with an eventual annual capacity of 20,000 tonnes.
TMHH will cover close to 80,000 hectares of fertile agricultural land. It is hoped that the Hub will develop to be one of the most scientifically and environmentally advanced halal centres in the world via the use of advanced technologies, renewable energy and sustainable practices.
The first international company to invest in TMHH was Taiwan-based Sea Party International. Together with its subsidiaries, SPI has pledged RM$2 billion in phases. The first phase involved spending RM318 million for aquaculture activities such as tilapia breeding, chlorella cultivation and production of Halal collagen and gelatine. The second phase moves into the production of gelatine from tilapia scales, bones and skin, organic prawn farming and vendor development programmes.
The group has already started construction of its RM30 million research centre in Tanjung Manis.
Bahrain-based BioMe has also visited the site with a view to invest in sustainable and profitable biotech industries in TMHH.
During the Invest Malaysia Forum 2011 in Abu Dhabi in January, TMHH owners, Tanjung Manis Food & Industrial Park Sdn Bhd signed three MoUs that that could rake in millions of dollars’ worth of investments from the Middle East.
The first agreement was between Tanjung Manis Food & Industrial Park Sdn Bhd and Inside Investor to facilitate investments from the GCC into TMHH. The Malaysian company also signed with New York-based Borneo Agriculture to set up a US$500 million fund from GVC to invest in the hub. Perigon Advisory WLL also signed on to establish a RM3 billion Food & Agriculture Fund for Islamic countries.
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