MSM sugar refinery in Prai to continue operating under 15-year lease
BUTTERWORTH, Oct 19 — The lease of the land that houses MSM Malaysia Holdings Berhad’s (MSM) sugar refinery...
The Malaysian Sugar Milling Company (MSM) Malaysia Holdings Berhad's sugar refinery in Prai is set to continue operating under a 15-year lease agreement, according to Railway Asset Corporation (RAC) chief executive officer Datuk Azhar Ahmad. The refinery's operational status will not be affected by the ongoing Kampung Manis redevelopment project, which involves the relocation of residents from the area.
The lease agreement for the refinery will be formalized in the near future, with a 15-year tenure, between the relevant parties. The Kampung Manis redevelopment project, which covers an area of 1.61 hectares in Bandar Prai, includes the relocation of residents from Lot 286, Lot 65, and Lot 67. The project aims to facilitate site clearance and the relocation of Kampung Manis residents, with the Penang Chief Minister Chow Kon Yeow officiating the ceremony.
The MSM sugar refinery, operating since 1964, plays a crucial role in the national sugar industry due to its strategic location near the port and railway tracks, supporting the company's logistics operations.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
