Preview - Port Klang

2 2NEW OIL REFINERY IMPORTANTFOR FUTURE GROWTHtheir commitment to the continued developmentof the palm oil industry in Malaysia. BramKlaeijsen, Cargill Asia-Pacific Regional Director,elaborates: “Cargill is committed to providinghigh-quality and nutritious products to the foodindustry. We are confident this refinery will bringsignificant benefits to meet the diverse needs ofour existing customers and provide opportunitiesto new customers.”Mr Chia Kon Leong, General Manager ofPKFZ Sdn Bhd welcomed Cargill’s decision toinvest in PKFZ. “It augurs well for PKFZ that amultinational company like Cargill has chosen tolocate its new refinery here and take advantageof its strategic location within a seamless portenvironment coupled with well-supportedinfrastructure, readily available labour marketand most importantly, the conducive investmentclimate and attractive incentives offered by theGovernment”.Over the years, the palm oil industry hasimmensely strengthened the nation’s economicdevelopment. In 2009, the palm oil sectorcontributed RM17 billion or 3.3 per cent (onethird) to the Gross Domestic Product (GDP) andaccounted for RM49.6 billion in exports. Underthe 10th Malaysian Plan (2011-2015), Malaysiaaims to boost palm oil industry’s GDP’s outputto RM21.9 billion, with RM69.3 billion in exportsearnings. To achieve the target, Malaysia will bepromoted as a global hub for palm oil and thepreferred destination for foreign investments inthe development of value-added products andsustainable supply of raw materials to support thedownstream activities.As the way forward for the industry, the RM162million invested by Cargill is to expand their existingoperations and build a new vegetable oil refinery inPort Klang Free Zone (PKFZ). This demonstratesIn addition, it is also worthy to note that thelocation of the refinery is within the areagazetted as Halal Industry Zone. The Halalindustry commands an annual market value ofabout RM6.7 trillion globally, and the fact thatMalaysia’s Halal certification is world-recognisedespecially in the OIC countries as Malaysia setits sight to capitalise on it. Chia added: “Thiswill encourage other companies to locate theiroperations here and help contribute to Malaysia’svision to become a global Halal hub.”ABOUT CARGILL in the United States, Cargill now employsmore than 153,000 people in about 66countries. services. Cargill is committed to using customers’ unique needs and helpthem succeed.GATEWAYA PUBLICATION OF PORT KLANG AUTHORITY