(Yicai) Nov. 20 -- Lianhe Chemical Technology, a Chinese provider of chemistry-based solutions and services better known as Lianhetech, intends to invest up to USD200 million to build a facility in Malaysia to satisfy its international customers’ demand and improve the global competitiveness of its products.

Lianhetech’s unit in Singapore will invest in and build the plant, which will produce intermediates and active pharmaceutical ingredients of pesticides and medicines, as well as chemicals related to new energies, in the Malaysian state of Johor, the Zhejiang province-based parent company who provides Contract Development and Manufacturing services for its pharmaceutical and pesticide industry clients announced on Nov. 17.

The project will be built in three phases, the first of which will last about three years, Lianhetech noted, without revealing any further details.

In addition to enhancing Lianhetech’s ability to deliver products in global markets, the facility in Malaysia will also make the most of local advantages in land and labor costs and tax breaks to improve the company’s profitability and comprehensive competitiveness, Lianhetech added.

Lianhetech’s shares [SHE: 002250] were trading up 1.3 percent at CNY8.02 (USD1.12) as of 1.40 p.m. in Shenzhen today.

Editor: Futura Costaglione