MOX announces over RM350m investments
Malaysia's industrial gas company MOX, now a member of global gases and engineering company The Linde Group, brought on stream in the last 6 months two new plants with an investment of approximately RM100 million. The two plants - the first in Shah Alam was commissioned at the end of 2007, and the second plant in Penang was commissioned just last month. The new plants add a further 400 tonnes per day capacity for MOX.
In addition, as part of its aggressive growth and investment strategy in Malaysia, MOX will further invest around RM250 million to expand production capacity over the next two years, according to its newly appointed country head for Malaysia, Mr Wong Siew Yap.
"This will be one of the largest investment tranche seen in the 48-year history of MOX. Included are investments that will meet the increased needs of long term electronics and glass customers in the east coast and the Klang Valley. The plants are scheduled to be completed by early 2009," Wong said in a statement today.
"Another significant tranche of capacity for the production of oxygen, nitrogen and argon will also be added in the southern region in 2010, making it the largest plant for the area. With almost 600 tonnes per day of output, this plant will meet demands in the steel and chemical industries boosting supply and service reliability, while at the same time complementing The Linde Group's business operations in Singapore," said Wong.
Other news from the department business & finance
