(CCM closing stock price yesterday (30.4.2012) was RM 1.50)
The RM75mil Chemical Company of Malaysia Bhd's (CCM) fertiliser plant opened yesterday will cater to Sabah and Kalimantan markets, CCM group of companies chairman Tan Sri Hamad Kama Piah Che Othman said yesterday.
The RM75mil Chemical Company of Malaysia Bhd's (CCM) fertiliser plant opened yesterday will cater to Sabah and Kalimantan markets, CCM group of companies chairman Tan Sri Hamad Kama Piah Che Othman said yesterday.
He said the plant located at the Palm Oil Industrial Cluster (POIC) here was the second in Sabah and Sarawak after Bintulu and CCM's fourth facility in the Asean region would boost the group's fertiliser manufacturing capacity to 670,000 tonnes a year.
The plant, which started operations in mid-2011, will increase production by an additional 130,000 tonnes a year or about half the output of its main plant in Shah Alam, also augments CCM's position as one of the largest compound fertiliser manufacturers in Malaysia.
”We're proud to expand further into Sabah and to cater to the growing demand for quality fertilisers. With more than 1.4 million ha of oil palm cultivation in Sabah, the plant is strategically located to ensure that growers are assured of secured supply and timely delivery of fertilisers,” he said at the opening ceremony.
CCM group MD Amirul Feifal Wang Zahir (left) presenting Hamad Kama Piah a picture of the new fertiliser plant. — Bernama
Hamad Kama Piah said the plant, known for its quality products and efficient service, has received the Standard National Indonesia product certification in February by the Indonesian authorities and is expected to receive the ISO 9001:2008.
He said the Lahad Datu plant was one of the three fertiliser plants in CCM's manufacturing expansion pipeline in the region with other similar establishments in Bintulu and Medan, Indonesia.
He said the group's main plant was at the Shah Alam Industrial Estate and was the first compound fertiliser manufacturing facility in Malaysia which began operations in 1966.
“We are confident our investments in these facilities will continue to contribute significantly to the group's revenue and profit performance in the future,” he added. - Bernama
Source: www.thestar.com.my
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