Chinese conglomerate Rianlon Corporation will invest RM820 million to establish a research and development (R&D) centre and factory in Johor, announced Malaysian Prime Minister Anwar Ibrahim on Monday. The investment is expected to create high-skilled jobs and bolster Malaysia’s technology sector.
Rianlon, a Tianjin-based global leader in anti-ageing additives for polymers and cosmetics, confirmed its commitment during a meeting with Anwar, who is also Malaysia’s finance minister. The discussions involved Rianlon’s chairman and CEO, Li Haiping, and chief technology officer, Sun Chunguang.
During his visit, Anwar also met with executives from China Communications Construction Company Ltd (CCCC), including chairman Song Hailiang and vice-president Chen Zhong, to review ongoing collaboration. He emphasized the significance of the East Coast Rail Link (ECRL), a flagship project under China’s Belt and Road Initiative, describing it as “a symbol of Malaysia-China friendship.” Anwar noted that the ECRL will bridge regional development gaps and deliver substantial economic benefits to local communities.
Anwar reiterated Malaysia’s commitment to fostering investment, advancing high-technology industries, and deepening economic ties with China. His remarks were made during a four-day working visit to China, where he is attending the Shanghai Cooperation Organisation (SCO) summit at the invitation of President Xi Jinping to speak at the SCO Plus summit.
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