Lukman (second from left) exchanges documents with Lee, witnessed by PDT deputy president (corporate and finance) Dzulkifly Hassan (left) dan Petropolymer Sdn Bhd managing director Dr SA Aljffri (right). – Photo by Bernama

JOHOR BARU: Glove manufacturer Petropolymer Sdn Bhd plans to set up an acrylonitrile butadiene rubber (NBR) factory costing US$300mil (RM1.29bil) in Pengerang, Kota Tinggi, to cater to the demand of the raw material for rubber gloves.

Petropolymer chief executive Datuk Lee Son Hong said the raw material was currently imported from Taiwan and Thailand, with the demand by local glove manufacturers seen at 600,000 metric tonnes annually.

The investment potential is very high as it was supported by the Petrochemical Integrated Development project, which is also based in Pengerang, he told reporters after the signing ceremony of a collaboration agreement between Petropolymer and a state-owned company, Permodalan Darul Takzim (PDT), in Johor Baru on Monday.

Lee signed the agreement on behalf of Petropolymer, while PDT was represented by its chief executive, Lukman Abu Bakar.

 Lee said the NBR factory would be developed in two phases, with the first phase, costing US$150mil, would be built on a 60.7ha site, with the capacity of producing 100,000 metric tonnes of NBR for local rubber manufacturers annually.

He said the total production could be increased up to 200,000 metric tonnes by 2025. – Bernama

Sumber : The Star