News International Sugar Journal

Malaysia – Sugar refinery to expand production capacity [Registered]

MSM Malaysia Holdings Bhd is targeting to increase its sugar refining capacity by 36 per cent to 1.5 million tonnes by 2016 from 1.1 million tonnes currently. This means that production will expand from 3,600 tonnes to 4,600 tonnes of raw sugar melt per day. Its Chief Executive Officer, Chua Say Sin said that increasing refining production capacity is in response to meeting the increasing demand and exploring new international markets, particularly in the Asia Pacific region. “MSM has set aside MYR220 million (U$70.6 million) from the initial public offering (IPO) proceeds for internal expansion. This year, we have budgeted…

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