CONJUNCTION WITH THE OFFICIAL INAUGURATION OF THE 1st POLYBUTADIENE RUBBER PLANT IN MALAYSIA

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OPENING SPEECH BY

YAB DATO’ MOHAMED KHALED NORDIN

MENTERI BESAR JOHOR

IN CONJUNCTION WITH THE OFFICIAL INAUGURATION OF

THE 1st POLYBUTADIENE RUBBER PLANT IN MALAYSIA

AT LUSR PLANT, TANJUNG LANGSAT INDUSTRIAL ESTATE

MONDAY, 24 AUGUST 2015

10.30AM 

 

 

Bismillahirrahmannirrahim

Assalamualaikum Warahmatullahi Wabarakatuh

Salam Sejahtera dan Salam Muafakat Johor

 

1. Alhamdulillah, praise be to Allah for it is with His blessings that we are gathered here today to celebrate the Official Inauguration of Malaysia’s First Poly-butadiene Rubber Plant. 

 

2. I would like to take this opportunity to extend my gratitude to the management board of LOTEE UBE SYNTHETHIC RUBBER for inviting me to grace this event. I am honoured to be here with all of you today, to witness this momentous event. An event which the Johor Government hope will pave the foundation for a greater and more prosperous Johor.

 

Ladies & Gentlemen,

 

3. As a born & bred Johorean, it is my wish to see Johor grow stronger, while the people prosper.

 

4. Allow me to enlighten you with the state government’s Vision of Johor. We aspire for Johor to become a high income state matching if not overtaking Kuala Lumpur.  We aspire for Johor to be the economic hub of Malaysia which magnetizes investments from across the globe.  We aspire for our Johorean to equitably share the fruits of wealth & development regardless of race, religion & creed.

 

5. As the Chief Minister of Johor, it is my duty to serve and to make this vision a reality. Some might call this optimistic, but as the recent trends have shown, this optimism is backed up with realism. 

 

6. Unsurprisingly, last year Johor received the highest total approved investment in Malaysia, grossing more than RM21.1 billion. We overtook the Northern Economic giant, Pulau Pinang and our counterpart in Borneo, Sarawak. This was a gigantic improvement from the total amount received in 2013 which was at RM14.4 billion. For the second quarter of this year, Johor registered the highest level of investments of RM27.0 billion, recording 72% increase compared to RM15.7 billion over the corresponding period in 2014.

 

7. This indicates that Johor is no longer the sleeping giant which it used to be. This state will soon be the leading investment hub in the region.

 

8. The government has never been more committed to ease the burden of doing business in Johor to actualize our dream of making this state a metropolis of international standing. 

 

9. To achieve that dream, we have established the Johor State Investment Centre (JSIC) to improve the overall business environment. This will further enhance the mutually beneficial relationship shared by the state and the businesses.

 

10. In cementing the success of this initiative, several government agencies were pulled in to expedite the implementation process. Among them are the Iskandar Region Development Authority (IRDA) and the Malaysian Investment Development Authority (MIDA), who are tasked to incubate a cohesive business-friendly climate in Johor.

 

Ladies & gentlemen,

 

11. The rubber industry is no foreign industry to Johor. From 1910 to 1940, Johor emerged as Malaysia’s top rubber producing state. This contributed to the state’s rapid development as Malaysia’s transportation and industrial hub. 

 

12. Currently, Malaysia is the world’s 6th largest producer of Natural Rubber. We are also the World's Largest Exporter of Rubber Gloves. 

 

13. The role of rubber in our economy will not cease to exist. It has endured the ups and downs of the global economy for more than one century. Admittedly, we’ve faced a couple of hiccups along the way, hiccups which we confronted and resolved together.

 

14. Globally, about 15 billion kilograms of rubbers are produced annually, and of that amount two thirds is synthetic. This might pose a strong challenge to the producers of natural rubber. A challenge which might seem daunting at first.

 

15. However, the State is confident that with the fusion of skills and expertise among the state and private sector, we will be able to overcome any of the challenges, which confront us. It is highly encouraging to know that this relationship will see fellow Johoreans subsuming high-skilled jobs while seeing the state benefit from the technology transfer which it brings. Through innovation and diligence, we can do wonders together.

 

16. While Malaysia aims to become a develop country which engine runs on a service-based economy, we should not ignore the engines which got us here today. The manufacturing and rubber industries still play a critical role in the development of our country. 

 

17. Our Manufacturing and agricultural industries combined, account for approximately 39% of Malaysia’s GDP.  These are industries, which have braced through countless of economic turmoil. In Johor, these industries generated approximately RM60 Billion worth of investments for the past 10 years. The State government hopes that this trend will continue, especially with generous investments made by companies like LOTEE UBE.

 

18. For this industry to succeed, we need more market players like LOTEE UBE to spearhead innovation and dynamism.

 

19. As the Chief Minister of Johor, it is heartwarming to know that this new joint venture will provide hundreds if not thousands of Jobs to the people. The transfer of technology and expertise is invaluable. Soon, we will hopefully see more highly skilled Johorean entrepreneurs joining this market. 

 

Ladies & gentlemen,

 

20. I would like to once again thank the management board of LOTTE UBE SYNTHETHIC RUBBER for their contribution.

 

21. Back in the old days, The Malayan rubber industry was described as one of the greatest achievements of The Western colonial enterprise. Today, with this and more to come, this achievement won’t only be a Western achievement, but will be National achievement for all.

 

22. On that note, I hereby, officially launch the Inauguration of The First Polybutadiene Rubber Plant in Malaysia.

 

Thank you.