Bursa Alert
Global Market
NewsKLK expanding downstream ops in Indonesia, plans RM120m plant
Page 1 of 1
KLK expanding downstream ops in Indonesia, plans RM120m plant
by hlk Fri 18 Nov 2011, 13:08
KUALA LUMPUR (Nov 18): KUALA LUMPUR KEPONG BHD [] (KLK) is expanding its downstream operations and plans are under way to build an oleochemical plant in Indonesia costing RM120 million.
KLK’s oleochemicals director AK Yeow said on Friday the plant will be ready by 2013.
He said at a media briefing here the PLANTATION [] group plans to build another two oil palm mills in Indonesia over the next two years. The site has yet to be identified.
Meanwhile, KLK chief executive officer Tan Sri Lee Oi Han said the group was looking into the possibility to increase its plantation land bank and possible countries included Papua New Guinea and Africa.
On the outlook for crude palm oil, he said it was unlikely to hit RM4,000 per tonne but “I would like it to be about RM3,500”.
At midday, CPO for third-month delivery was unchanged at RM3,212 per tonne.
KLK’s oleochemicals director AK Yeow said on Friday the plant will be ready by 2013.
He said at a media briefing here the PLANTATION [] group plans to build another two oil palm mills in Indonesia over the next two years. The site has yet to be identified.
Meanwhile, KLK chief executive officer Tan Sri Lee Oi Han said the group was looking into the possibility to increase its plantation land bank and possible countries included Papua New Guinea and Africa.
On the outlook for crude palm oil, he said it was unlikely to hit RM4,000 per tonne but “I would like it to be about RM3,500”.
At midday, CPO for third-month delivery was unchanged at RM3,212 per tonne.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Hup Seng plans to build plant in Indonesia
» Bursa Malaysia: Parkson- expanding to Indonesia
» Genting Plantations expanding in Indonesia via US$116mil JV
» BCorp plans BCorp plans RM800mil-RM1bil 100MW solar power plant
» Genting arm to build power plant in Indonesia (3182)
» Bursa Malaysia: Parkson- expanding to Indonesia
» Genting Plantations expanding in Indonesia via US$116mil JV
» BCorp plans BCorp plans RM800mil-RM1bil 100MW solar power plant
» Genting arm to build power plant in Indonesia (3182)
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum