Colorcon Inc, through its subsidiary Colorcon Malaysia Sdn Bhd, is investing about US$50 million (RM230 million) in the i-TechValley Industrial Park in the Southern Industrial and Logistics Clusters (SILC) near Iskandar Puteri.
According to Johor State Investment, Trade, and Consumer Affairs Committee Chairman Lee Ting Han, the company will be developing its first production site in Southeast Asia.
Colorcon Inc is a global leader in the research, supply, and technical support of materials for film coating systems, as well as medical technologies and excipients for the pharmaceutical, nutritional, and animal health industries.
“The new manufacturing facility at i-TechValley, with an area of 90,000 square feet, is the company’s 12th facility in the world and is the first facility in Malaysia that can produce film coating products that can be specially formulated, among others, for the requirements of pharmaceutical applications and regulations,” he said.
According to Malaysian Investment Development Authority (MIDA)’s figures, Lee stated that the import value of Colorcon Inc products for the Malaysian market was approximately RM23 million last year.
“With the completion of this facility by July 2025, we will be able to reduce our dependence on imported products, and even help Malaysia become a hub for the production of pharmaceutical products, as produced by Colorcon, to meet the needs of the pharmaceutical and nutritional sectors in Southeast Asia, Australia, New Zealand, Korea, Taiwan, and Pakistan.
“It is very encouraging to see a high-tech company choosing i-Tech Valley, an integrated industrial park in the Iskandar Malaysia economic zone to expand their business,” said Lee.
The presence of Colorcon will help put Johor on the world map and help the state and federal government’s efforts to attract more companies related to the pharmaceutical sector to the state, he added.
“The investment from Colorcon will create 50 highly skilled job opportunities in 2025, and this number is expected to double according to the situation,” Lee said.
