Sugar producer MSM eyes profitability from rationalisation plan

MSM Khairil Anuar

THE country’s biggest refined sugar producer, which has been loss-making for six consecutive quarters and beset by overcapacity, is confident that the light at the end of the tunnel is turning brighter.

Since 2019, MSM Malaysia Holdings Bhd has been working on a turnaround plan that includes cost rationalisation, enhancing its presence in export markets and making its production capacity more efficient.