PPB Group Bhd's indirect subsidiary, Minsec Engineering Services Sdn Bhd, has entered into an agreement with Sri Kamusan Sdn Bhd, also an indirect subsidiary of PPB, for the construction of a palm oil mill.
The proposed mill would be located at Labuk-Sugut in Beluran district, Sabah, and would have an initial processing capacity of 40 tonnes of fresh fruit bunches per hour with provision for expansion to 80 tonnes per hour, PPB group told the KLSE.
The contract price, which includes the design and commissioning of the mill, is RM17.489mil.
Minsec and Sri Kamusan are wholly-owned subsidiaries of Chemquest Sdn Bhd and PPB Oil Palms Bhd respectively.
Chemquest and PPB Oil Palms are in turn 55% and 55.6% subsidiaries of PPB Group respectively. – Bernama
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