KUALA LUMPUR, May 27 — MSM Malaysia Holdings Bhd (MSMH) will be consolidating its refined sugar production by relocating its factory operations in MSM Perlis Sdn Bhd (MSMP) located in Chuping, Perlis, to MSM Sugar Refinery (Johor) Sdn Bhd (MSMJ) located in Tanjung Langsat, Pasir Gudang, Johor. In...
Wednesday, 27 May 2020 09:23 PM MYT
In a filing to Bursa Malaysia today, MSMH said the planned cessation of MSMP’s production is on June 30, where the mobilisation of manpower and certain equipment from MSMP to MSMJ and MSM Prai Bhd will be conducted in stages. “The consolidation of the two factories will allow the company to optimise the capacity of its new refinery, MSMJ.
The consolidation exercise had resulted in a provision of RM137.35 million for the impairment of MSMP’s plant and machinery in the 2019 financial year.
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