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POIC Sabah Sdn Bhd's palm oil industrial cluster (POIC) project in Lahad Datu has steadily attracted quality investors since its launch over the past two years. POIC is Malaysia's first dedicated large-scale palm oil downstream industrial park on a 2,000ha site to be developed in the next 18 years. Datuk Dr Mohamad Hashim Ahmad TajudinTo date, it has secured investments worth RM1.8bil from 18 companies, including foreign groups from South Korea, Britain, Australia, Singapore and Hong Kong. Among its major investors are Chemical Company of Malaysia Bhd (CCM), Lahad Datu Edible Oils Sdn Bhd (part of the Wilmar-Kuok Group), QL Resources Bhd, Australia-based Sterling Biofuels International Ltd, South Korea-based ECO Solutions Co Ltd, and Union Harvest Group, which is partly owned by Sumifert Sdn Bhd that is linked to Japanese multinational Sumitomo Corp. Read more
(The Star 18-2-2008)
