Russia’s Orgkhim plans to invest RM124.5mil at Johor plant

Latest investment: (from left) Ahmad Khairuddin, Ermolov, Puah, Khodov and Nikitin at the opening of the new facility.

JOHOR BARU: Orgkhim Biochemical Holding plans to invest about RM124.5mil (US$30mil) over the next three years to expand its plant in Johor.

Chief executive officer Nikolay Khodov said the investment would strengthen the company’s position as one of the world’s leading producers of safe-petroleum-based extender oils for “green tyre” production.