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World News and Views :: Top of the News
Malaysian firms to build Southeast Asia's first integrated phosphate complex
7:39 AM MST | January 13, 2014 | Natasha Alperowicz
Cahya Mata Sarawak (CMS; Kuching, Malaysia) through its Samalaju Industries subsidiary, has concluded a joint venture agreement with Malaysian Phosphate Venture and Arif Enigma to build a 1.04-billion Malaysian ringgit ($318.6 million) integrated phosphate complex, the company has announced. The complex will be built in the Samalaju Industrial Park, Bintulu, within the Sarawak Corridor of Renewable Energy. Salamaju Industries and Malaysian Phosphate Venture will each hold a 40% stake in the Malaysian Phosphate Additives (Sarawak) joint venture with the remaining...
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