Khazanah in S. Korean partnership with SK ecoplant

Khazanah managing director Datuk Amirul Feisal Wan Zahir said for over 30 years, Cenviro has been the local leader in Malaysia’s integrated waste management sector, and the partnership with SK ecoplant would further elevate Cenviro’s business to be world class and be at the forefront of the sustainable waste management and recovery in the region

KUALA LUMPUR: Khazanah Nasional Bhd has entered into a strategic partnership with South Korea’s SK ecoplant Co Ltd, which will see the latter take up a 30% stake in Khazanah-owned Cenviro Sdn Bhd to spur its growth into a regional waste management powerhouse.

Khazanah said following a multilateral bid process, SK ecoplant was selected as the optimal minority shareholding partner to support Cenviro in its next level of strategic growth, in line with the aspirations of the industrial development of the national waste management sector.