18/12/2025
World Bank Group’s IFC and XSD Partner to Boost Jobs and Sustainability in Malaysia’s Paper Industry
Kuala Lumpur, Malaysia, December 18, 2025 – To create jobs and promote sustainability in Malaysia’s paper industry, the World Bank Group, through its private sector arm the International Finance Corporation (IFC), has announced a partnership with XSD International Paper Sdn Bhd (XSD), a leading manufacturer of coated duplex board paper and grey board in Malaysia. The partnership will support XSD’s efforts to boost environmentally responsible paper production using recycled materials and renewable energy.
IFC has provided a $70 million financing package to XSD to fund its strategic growth – including a $28 million green loan – to finance the planned construction of a cogeneration plant in Kulim, Kedah that will use biomass to produce electricity and steam. The remaining financing will be used to fund a third production line for duplex board paper, which will enable XSD to produce an extra 300,000 tons of paper per year, bringing the company’s capacity to 800,000 tons per year.
The project is expected to generate economic benefits by creating an estimated 750 direct jobs and 1,810 indirect and induced jobs, creating employment opportunities and lifting incomes for local communities in the state of Kedah.
“Our collaboration with IFC represents an important milestone in advancing sustainable growth in Malaysia’s paper industry,” said Li Shengfeng, Chairman of XSD International Paper. “By expanding recycled paper production and adopting cleaner, renewable energy, we are strengthening the circular economy and reducing our environmental footprint. This partnership reflects our shared belief that responsible manufacturing can drive meaningful progress, and XSD remains committed to contributing to a greener, more resilient industry for future generations.”
“Supporting Malaysia’s ambitions to enhance the sustainability and competitiveness of its manufacturing sector is a key priority for IFC and the broader World Bank Group” said Carsten Mueller, Regional Industry Director, Manufacturing, Agribusiness and Services, Asia Pacific at IFC. “Our partnership with XSD reflects our commitment to creating jobs and promoting best practices, while simultaneously promoting inclusive and sustainable growth in the country.”
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
About XSD International Paper Sdn Bhd
XSD International Paper Sdn Bhd, based in Kedah, is one of Malaysia’s leading paper manufacturers, specializing in coated duplex board, grey board, composite paperboard, etc., for both domestic and international markets. The company promotes sustainability through energy efficiency, renewable energy, circular-economy practices, and investments in innovation, talent, and community engagement. XSD continually advances responsible papermaking with smart technology and efficient resource management, delivering high-quality products while caring for the environment and communities. For more information, visit https://xsdcorp.com/.
世界银行集团成员IFC携手新胜大国际纸业有限公司推动马来西亚纸业绿色转型与就业增长
马来西亚吉隆坡｜2025年12月18日 —— 世界银行集团专注于私营部门发展的成员机构国际金融公司（IFC）今日宣布，与马来西亚知名包装纸制造商——新胜大国际纸业有限公司（新胜大）建立战略合作伙伴关系，共同推动本地造纸行业实现更具韧性的增长与更高水平的永续发展。此次合作旨在支持新胜大扩大再生纸生产规模、提升能源利用效率，并加速采用可再生能源，以回应行业及全球市场对绿色制造的更高要求。
根据协议，IFC将向新胜大提供总额 7,000万美元的融资方案，其中包括2,800万美元绿色贷款，用于在吉打州居林建设一座以生物质为能源的热电联产厂，用以供应生产所需的电力与蒸汽。其余资金将投入新建第三条涂布白板纸生产线，投产后新胜大的年产能将新增 30 万吨，总产能将提升至 80 万吨。
该项目不仅能提高新胜大在区域纸业供应链中的竞争力，也将为当地经济带来显著贡献，预计将创造 750个直接就业岗位，并带动约 1,810个间接与相关就业机会，为吉打州社区持续带来更广泛的经济效益和社会效益。
新胜大国际纸业有限公司董事长李胜峰表示，“与IFC的合作，是新胜大迈向高质量、低碳增长的重要里程碑。随着我们扩大再生纸产能并加速采用清洁能源，我们正进一步巩固循环经济体系，逐步降低生产活动对环境的影响。此次合作彰显了我们的共同理念 —— 负责任的生产制造能够驱动实质性的发展。新胜大将持续以更先进、更永续的生产方式，推动行业迈向更绿色、更具韧性的未来。”
IFC亚太地区制造业、农业及服务业局局长 Carsten Mueller 表示， “支持马来西亚提升其制造业可持续性与竞争力，是IFC乃至整个世界银行集团的一个战略重点。我们与新胜大的合作，既体现了IFC助力创造就业岗位、推广行业最佳实践的承诺，也将推动马来西亚实现包容性与可持续的经济增长。”
关于IFC
国际金融公司（IFC）是世界银行集团的成员，同时也是全球规模最大的聚焦新兴市场私营部门的发展机构。我们在全球100多个国家开展合作，利用掌握的资金、专业知识和影响力，在发展中国家创造市场、创造机会。2025财年，我们对发展中国家私营公司和金融机构的承诺投资额达到创纪录的717亿美元，通过利用私营部门解决方案，调动私人资本，致力于在宜居星球上建设一个没有贫困的世界。欲了解更多信息，请访问www.ifc.org。
关于新胜大国际纸业有限公司
新胜大国际纸业有限公司总部位于马来西亚吉打州，是马来西亚造纸行业的领军企业。主营产品有涂布白板纸、灰纸板、复合纸板等，产品远销国内外市场。公司通过提升能源效率、使用可再生能源、践行循环经济模式，以及在创新、人才培养和社区参与等领域持续投入，积极推动可持续发展。新胜大始终凭借智能技术与高效的资源管理，践行负责任的造纸理念，在生产高品质产品的同时，守护生态环境、回馈社会各界。欲了解更多信息，请访问https://xsdcorp.com/。
