By Sharen Kaur
JAPAN'S Marubeni Corp, which does logging in Sabah and Sarawak, is eyeing projects in the oil and gas (O&G) sector, including the Pengerang petrochemical complex in Johor.
Its country general manager for Malaysia, Takuji Harada, said Marubeni is upbeat on Malaysia's O&G sector.
Petroliam Nasional Bhd (Petronas) is undertaking major steps to stimulate the O&G industry with billions of ringgit of investments going into risk-service contracts and more discoveries of deepwater reserves.
Petronas will also invest tens of billions of ringgit in upstream capital expenditure. The move comes in the face of Malaysian oilfields now entering their mature phase, after more than 30 years of extensive exploration and production.
Apart from O&G, Harada said, Marubeni is also eyeing investment opportunities in the railway sector such as the RM160 billion expenditure for rail-related projects, including the Mass Rapid Transit Line 2 and 3 and the Kuala Lumpur-Singapore high-speed rail by 2020.
The Japanese-listed group is also keen to help develop the Tun Razak Exchange (TRX), Harada said in an interview here.
TRX is a RM26 billion mega property development and financial hub that was launched on July 30 2012.
"We are quite bullish on Malaysia's growth. Global economic data also shows improvement in key markets. Japan's economy is also expanding and as a diversified group, we always seek new investment opportunities," he said.
Marubeni has been operating in Malaysia since 1958.
The group now exports logs and building materials from Sabah and Sarawak to Japan and China.
It is also involved in trading of palm-related products such as oleo chemicals.
Marubeni has a factory near the Kuala Lumpur International Airport in Sepang that makes carton boxes.
In the railway sector, it helped design the Class 91, a type of electric multiple unit (EMU) for Keretapi Tanah Melayu Bhd, which has been operating since 2009.
It designed the five sets of six-car EMUs for manufacturers Hyundai Rotem of South Korea and Mitsubishi Electric of Japan.
Its country general manager for Malaysia, Takuji Harada, said Marubeni is upbeat on Malaysia's O&G sector.
Petroliam Nasional Bhd (Petronas) is undertaking major steps to stimulate the O&G industry with billions of ringgit of investments going into risk-service contracts and more discoveries of deepwater reserves.
Petronas will also invest tens of billions of ringgit in upstream capital expenditure. The move comes in the face of Malaysian oilfields now entering their mature phase, after more than 30 years of extensive exploration and production.
Apart from O&G, Harada said, Marubeni is also eyeing investment opportunities in the railway sector such as the RM160 billion expenditure for rail-related projects, including the Mass Rapid Transit Line 2 and 3 and the Kuala Lumpur-Singapore high-speed rail by 2020.
The Japanese-listed group is also keen to help develop the Tun Razak Exchange (TRX), Harada said in an interview here.
TRX is a RM26 billion mega property development and financial hub that was launched on July 30 2012.
"We are quite bullish on Malaysia's growth. Global economic data also shows improvement in key markets. Japan's economy is also expanding and as a diversified group, we always seek new investment opportunities," he said.
Marubeni has been operating in Malaysia since 1958.
The group now exports logs and building materials from Sabah and Sarawak to Japan and China.
It is also involved in trading of palm-related products such as oleo chemicals.
Marubeni has a factory near the Kuala Lumpur International Airport in Sepang that makes carton boxes.
In the railway sector, it helped design the Class 91, a type of electric multiple unit (EMU) for Keretapi Tanah Melayu Bhd, which has been operating since 2009.
It designed the five sets of six-car EMUs for manufacturers Hyundai Rotem of South Korea and Mitsubishi Electric of Japan.
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