Friday, 18 November 2011

KL Kepong to expand landbank for rubber, palm oil

Kuala Lumpur Kepong Bhd is exploring opportunities to expand its landbank to 300,000 hectares for rubber and oil palm from 250,000 hectares, according to Chief Executive Officer Lee Oi Hian.

The Malaysian company may build at least two more palm oil mills in the next few years in Indonesia to add to three other mills there which are currently under construction, he told reporters in Petaling Jaya, Selangor. It also plans to start construction on three refineries in Indonesia soon, he said. -- Bloomberg



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.
Related Posts Plugin for WordPress, Blogger...