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The Perai Free Industrial Zone (Perai FIZ) is a free trade zone within Seberang Perai in the Malaysian state of Penang.Located within the suburb of Perai and 4.7 km (2.9 mi) south of Butterworth, the Perai FIZ was established in 1980 with the aim of becoming a major manufacturing hub for bulk items, leveraging its proximity to the Port of Penang and the railway line that links it to the rest ...
The economy of Malaysia (GDP PPP) in 2014 was $746.821 billion, the third largest in ASEAN behind Indonesia and Thailand and the 28th largest in the world. [6] [needs update] For further information on the types of business entities in this country and their abbreviations, see "Business entities in Malaysia".
By 2003, the company invest RM800,000 to produce in-house brands and acquired a paper-making machine in Italy that able to produce 100 tonnes of tissue papers. [6] By 2014, Nibong Tebal Paper Mill began to expand their business to Indochina by setup US$19.7 million tissue-making facility in Vietnam.
The company has operations, investments and projects under development in Malaysia, Singapore, the United Kingdom, Indonesia, the Hashemite Kingdom of Jordan, and the Netherlands. The utilities segment continues to be YTL Corp Group’s largest operating segment, contributing 71% of the revenue for the financial year ended 30 June 2023.
The 1,400-acre (5.7 km 2) Bayan Lepas FIZ was the brainchild of Lim Chong Eu, who served as the Chief Minister of Penang between 1969 and 1990, in response to Penang's economic downturn at the time. [ 9 ] [ 10 ] [ 11 ] George Town , Penang's capital city, had its free port status revoked by the Malaysian federal government in 1969, leading to ...
The Port of Penang handled 1.52 million TEUs of cargo as of 2017, making it one of the busiest seaports in Malaysia. [7] In addition, the Butterworth railway station, situated adjacent to the town's ferry terminal, is a major Malayan Railway station, with train services operated by both the Malayan Railway and the State Railway of Thailand.
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Penang Shipbuilding and Construction - Naval Dockyard Sdn Bhd (PSC-ND), was a division of the Penang Shipbuilding and Construction Industries Bhd (PCSI), a Malaysian Government-Linked Company (GLC), based in Lumut, Perak, Malaysia. The company's primary role was to maintain the Royal Malaysian Navy (RMN) fleet and the Lumut Naval Dockyard.