↑ Grab this Headline Animator

JER Envirotech International TSXV JER to Open Production Facility in...

May 4, 2005 -- JER Envirotech International Corp. (TSX Venture: JER) (the "Company" or "JER") is pleased to announce that it has entered into a joint-venture agreement for the establishment of a production facility to be located in Malaysia.



The Company has entered into a joint-venture agreement with Asia Pacific Microspheres Sdn Bhd ("APM") to form JER Envirotech Sdn Bhd ("JER Malaysia"). Pursuant to the agreement, JER will own 51% of JER Malaysia and APM will own 49%. JER and APM will contribute working capital to JER Malaysia on a pro-rata basis. It is anticipated that the financing for the entire production facility will be arranged by APM. JER will provide technical expertise and grant exclusive manufacturing rights to JER Malaysia to manufacture the JERTech Compound, JERTech Panel Board and related products for the Asia Pacific Region with the exception of the Philippines, India, Taiwan, China and the Middle East.



The production facility will be located just outside of Kuala Lumpur in Shah Alam, Malaysia . The Company anticipates having the production facility operational by the fall of 2005. The plant will have the initial capacity to produce up to 500,000 Kg of WPC Compound per month or to produce up to 55,000 JERTech wallboards per month.



About APM:

APM is a private limited company founded in 1991 as a joint venture with Union Carbide Chemicals & Plastics, a subsidiary of The Dow Chemical Company, and PPB Group Berhad. APM has grown into a leading specialty manufacturer of phenolic and amino-based microspheres and alkylphenol tackifying resins serving a wide range of industries, including but not limited to the construction, marine, automotive and aerospace industries.



PPB Group Berhad, with an annual turnover of over US$2.8 billion in 2004, is a highly diversified conglomerate in Malaysia engaged in a wide spectrum of activities ranging from sugar refining, flour and animal feed milling, edible oils processing, oil palm cultivation, environmental engineering and waste management and utilities, film exhibition and distribution, property development, shipping to commodity trading. Overseas, the PPB Group Berhad currently has operations in Vietnam, Myanmar and Singapore and plans to expand further into China and other Asean countries.



Further information on Asia Pacific Microspheres Sdn Bhd is available at www.phenoset.com



Further information on PPB Group Berhad is available at www.ppbgroup.com



About JER:

JER is focused on the alternative wood products industry and is commercializing breakthrough intellectual property in various wood-plastic composites (WPC) markets. The Company has developed, in collaboration with the National Research Council of Canada (NRC), 42 WPC patent pending formulations. The Company is in the process of establishing manufacturing operations in Canada, Philippines, China, Malaysia and India to produce WPC compound and related products for several industries including the automotive industry and the building and construction industry.



Further information on the Company is available at www.jerenvirotech.com.



Jer Envirotech International Corp.

Per:



"Sokhie Puar"

Sokhie Puar, Director &&&
&&&
&&&




For Further Information Please Contact:&&&


Mr. Bijay Singh

Email: e-mail protected from spam bots

Phone: 604-684-3783

↑ Grab this Headline Animator

---

This article has been robotically scanned and tagged by Prnewsnow with the following search tags. No human manipulation of these tags take place.
| Billion | United States | |

---

4938 readers online...

, Local News