News & Events

Signing Ceremony

POIC Sabah Sdn Bhd will sign a sale and purchase agreement with fertilizer manufacturer Proto Asli Sdn Bhd at the Le Meridien Hotel in Kota Kinabalu on 14 May 2007.

Proto Asli, a subsidiary of Petaling Jaya-based Agrifert Malaysia, a well-established fertilizer manufacturing group with six factories in Malaysia and Indonesia.

The agreement involves the purchase of 11 acres of land at the palm oil industrial cluster in Lahad Datu for the setting up of a fertilizer factory. Proto Asli is expected to invest RM40 million in the project.

The agreement signing is the first for the Phase 2 of POIC Lahad Datu. Ten companies have purchased land in Phase 1 of the project. Two biodiesel plants - one with United Kingdom interest and the other by South Korean company - are currently under production and are due to go into production later this year.

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