Southern Acids in Sumatra deal

KUALA LUMPUR: Southern Acids (M) Bhd’s (SAB) unit, PT Wanasari Nusantara, will construct a palm oil mill on a piece of land at its oil palm estate in the province of Riau, Sumatra, for RM35mil.

In a filing with Bursa Malaysia, it said the project would have a processing capacity of 45 tonnes per hour and upgradeable to 60 tonnes per hour.

The cost of the project will be financed by internal funds, it added. “Barring any unforeseen circumstances, the project is expected to complete by the first quarter of 2015.” – Bernama

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