South Korea’s cosmetic firm AmorePacific Corporation plans to invest about US$170mil or RM683mil in Malaysia’s Iskandar Puteri, according to local media reports.
Amorepacific will set up an integrated centre for R&D and manufacturing in Iskandar Puteri located at Malaysia’s Johor state.
This is part of Amorepacific’s global expansion strategy. The new plant is expected create between 300 and 500 new jobs in Iskandar Puteri, one of the five flagship zones of Iskandar Malaysia.
Apart from the close proximity to its regional headquarters in Singapore, Amorepacific said it’s attracted to the central utility facilities within the industrial park, equipped with facilities such as industrial steam, chilled water and industrial waste water management.