MSM to build RM1bil sugar refinery on its own without Dubai partner


However, the company that is controlled by plantation heavyweight Felda Global Ventures Holdings Bhd did not elaborate on how this decision would impact the technology and to a certain point the financing aspects of the state-of-the-art refinery poised to be Asia-Pacific largest sugar hub.

PETALING JAYA: Sugar king MSM Malaysia Bhd has decided to go solo without its Dubai-based partner Al-Khaleej International Ltd in the development of its almost RM1bil one-stop sugar refinery hub in Tanjung Langsat, Johor.

However, the company that is controlled by plantation heavyweight Felda Global Ventures Holdings Bhd did not elaborate on how this decision would impact the technology and to a certain point the financing aspects of the state-of-the-art refinery poised to be Asia-Pacific largest sugar hub.

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Business , MSM , 5202 , sugar , refinery , dubai , partner ,

   

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