Perak's Chief Minister, Y.A.B Dato' Seri DiRaja Dr. Zambry Abdul Kadir, who officiated the Groundbreaking Ceremony for Vale's iron ore distribution centre in Teluk Rubiah said, "Vale will provide a significant boost to Perak's economy. The positive spillover effect has begun even at construction stage".
"The potential for creating an entire downstream ecosystem based on the magnitude of project is immense. We are looking at a multiplier effect where, the presence of the distribution centre creates new opportunities for companies in the consumer and commercial areas as well as support in distribution logistics", said Zambry, adding that he was grateful Vale had chosen Perak for its project site.
Once operational, iron ore from Brazil will be transported in very large ore carriers (VLOCs) to Teluk Rubiah distribution centre. These vessels are the largest in the world and very limited locations have sufficient geophysical features to anchor such ships, the exceptional few including Teluk Rubiah. From there, iron ore will be distributed to clients in the Asia Pacific region such as Japan, Australia and Malaysia.
This project is also part of Vale's strategy of investing in an integrated worldwide production and logistics system, aiming to enhance the company's capabilities of generating customised solutions for clients, by shortening the distance between its core iron ore mines in Brazil and the growing demand from consumer markets in Asia.
Vale's executive director for Marketing, Sales and Strategy, José Carlos Martins, said that he is confident Vale and the Perak Government will nurture a truly synergistic partnership which is able to nourish and propel growth both ways.
"Vale has an excellent global reputation of contribution to the development of the communities in the regions it is a part of. We have already started our engagement initiatives to build ties with local communities in this area as part of our effort to identify needs and potentials in step with the Perak Government's vision of creating substantial as well as sustainable growth and opportunities for its people."
About Vale
Present in 38 countries, Vale is the world's second biggest mining company. It is the largest producer of iron ore and pellets, key raw materials for the steel industry as well as nickel which is used to produce stainless steel, batteries, special alloys, chemicals and other products. The company also produces copper, manganese, ferroalloys and coal, among other raw materials important to the global industrial sector and present in people's daily lives.
Vale has an excellent global reputation of generating local employment opportunities and contributing to the development of the communities in the regions where it operates. In Malaysia Vale has a Shared Services Organisation (SSO), in Bandar Utama and is building in Teluk Rubiah an industrial hub and an iron ore distribution centre.
Vale's new Shared Services Organisation will support the company's rapid growth and vision, acting as an integrated service provider for a host of common administrative processes such as Human Resources, IT, Procurement and Finance. The strategic location of this division in Malaysia will enable Vale's operations in Asia Pacific and Europe-Middle East-Africa to benefit from cost and time efficiencies.
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