Brahim's Holdings to set up sugar refinery Malaysia
summary：Malaysia-based Brahim's Holdings plans to invest MYR130m ($42.14m to set up a new sugar refinery in Sarawak, Malaysia. The refinery is expected to provide the company with a revenue of MYR250m ($81.05m by the end of the first year....
Initially, the plant will have production capacity of 10,0000 tons per year, which will be increased to 330,000 tons in the future.
The company plans to fund the investment through bank loans initially. It expects the plant to begin operations by the beginning of 2014.
Brahim's Holdings has been seeking to foray into upstream production in food businesses. In line with this plan, the company recently purchased 60% stake in Admuda, which holds a license to produce refined sugar and molasses in East Malaysia.
Brahim's Holdings is involved in catering, logistics, consulting, and restaurant businesses in Malaysia.