New refinery: Johor state assemby speaker Tan Sri Mohamad Aziz with MSM chairman Tan Sri Mohd Isa Abdul Samad (3rd from left) and Sheikh Awab (left) viewing a replica model of the refinery at the ground-breaking ceremony. – Bernama
PASIR GUDANG: MSM Malaysia Holdings Bhd
(MSM) is looking to reduce its sugar processing costs by about one-third to half once its largest integrated sugar refinery at Tanjung Langsat in Johor is fully commissioned by late 2017.
MSM president and chief executive officer Datuk Sheikh Awab Sheikh Abod said that the refinery which involves an investment of US$259mil (RM1.04bil) would position it as one of the leading refined sugar producers in the region with a target of achieving RM500mil in profits after tax by 2018.
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