KUALA LUMPUR: Resintech Berhad has solidified its position in Sarawak’s industrial plastics market through a new joint venture with SEDC Energy Sdn Bhd and Johan Intan Sdn Bhd (JISB).
A Shareholders Agreement was signed today (Sept 17) in Kuching by Datuk Teh Leng Kang, Executive Director of Resintech Berhad, and Robert Hardin, Chief Executive Officer of SEDC Energy Sdn Bhd.
The joint venture, focused on strengthening the trade of industrial plastic products, supports SEDC Energy’s efforts to create a sustainable ecosystem.
This partnership was built upon a Memorandum of Understanding signed in June last year between Resintech Plastics (Sarawak) Sdn. Bhd. and SEDC Energy.
The newly formed joint venture, JISB, leverages the strengths of both companies to capitalise on opportunities in the industrial plastics market.
JISB is a wholly owned subsidiary of Resintech.
“We are thrilled to join forces with SEDC Energy to establish a stronger presence in Sarawak,” said Teh in a statement.
“This joint venture will enhance Resintech’s trading capabilities and open doors to new opportunities in Sarawak’s rapidly growing industrial sector. By combining our industry expertise with SEDC Energy’s strategic position in Sarawak, we aim to drive value for both our stakeholders and the local economy.”
Initially focused on trading industrial plastic products, the venture may potentially expand into manufacturing.
By supporting Sarawak’s shift towards cleaner energy solutions, such as algae-based Sustainable Aviation Fuel (SAF) production, Resintech reinforces its role as a leader in sustainable industrial practices.
