Thursday 10 November 2011

IOI Corp to invest RM130m on Prai plant

IOI Corp, Malaysia’s second-biggest palm oil producer, will invest RM130 million on a new oleochemicals facility by 2013, the government said in a statement today. It will build a new fatty ester and speciality oleo derivative production center with a capacity of 20,000 metric tons per year at Prai Industrial Complex in Penang, it said. -- Bloomberg
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