UP, Oleon invest US$32m in plant
Posted byKUALA LUMPUR: United Plantations Bhd and Oleon NV are investing US$32 million (RM99.8 million) to put up a new plant to produce food emulsifiers in Pulau Indah, Klang.
UniOleon Sdn Bhd, their equally-owned venture company, will make and sell food emulsifiers as early as 2014. Food emulsifiers are mainly used in the bakery, dairy and confectionary industries.
“In this project, Oleon has partnered with United Plantations, which is the driving force in Malaysia on sustainable palm oil and whose plantations all meet the criteria of the Roundtable on Sustainable Palm Oil,” he said.
Oleon NV’s facilities in Ertvelde (Belgium) and Emmerich (Germany) produce basic oleochemicals (the whole spectrum of fatty acids, glycerin and bio-propylene glycol), and in Oelegem (Belgium) a dimer and ester production.
Its plants in Sandefjor in Norway, Compiègne in France and Port Klang produce esters and resins. Oleon’s products are marketed under the Radia® and Nouracid® brand names.
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