Kuala Lumpur Kepong Bhd will relocate its tocotrienol (vitamin E) plant in Singapore to Selangor, as part of a RM706 million investment scheme to expand its offerings.
Davos Life Science Pte Ltd is currently located in Tuas South Street in Singapore.
The plan is to relocate it to Kuala Lumpur Kepong’s site in Pulau Indah, Selangor.
Kuala Lumpur Kepong yesterday announced four projects it would embark on in an effort to beef up its production capacity.
The first project is an integrated methyl ester sulphonate and fatty alcohol plant, an ingredient used in the production of toiletries, bio-degradable detergent and moisturiser.
The second is a plant to produce specialty fatty ester while the third is to produce high grade tocotrienol isomers, used in the cosmetics and pharmaceutical industries.
The fourth project is to develop a world-class research and development centre.
The investments will be partly funded by a RM134 million grant accorded by the Malaysian Palm Oil Board.
Kuala Lumpur Kepong will use internally generated funds to fund its development.
“Typically we expect about 15 per cent returns on investment in a plant before we embark on a project like this,” Kuala Lumpur Kepong Bhd chief executive officer Tan Sri Lee Oi Hian said at a press conference after the 7th Economic Transformation Programme update by Prime Minister Datuk Seri Najib Abdul Razak yesterday.
The projects are expected to be completed in two years’ time. The projects are part of the eight new initiatives under the Economic Transformation Programme.
Kuala Lumpur Kepong is developing the downstream sector of the palm oil industry under the Palm Oil and Rubber NKEA (National Key Economic Area) – Developing Oleo Derivatives.
BTimes
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