KLK in JV to manufacture, sell and market palm oil

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) and Alami Commodities Sdn Bhd have formalised a memorandum of understanding (MoU) in relation to a joint venture (JV), KLK Alami Edible Oils Sdn Bhd (KAEO), for the manufacturing, sales and marketing of palm oil and specialty fats.

In a joint statement, the parties said KLK will own 65% of KAEO, while Alami will hold the remaining 35%.