The completion of its new refinery in Tanjung Langsat, Johor, has made MSM the second largest sugar player in Southeast Asia and eighth biggest in the world.
FGV Holdings Bhd chairman Azhar Abdul Hamid said together with the weakening ringgit, the liberalisation of the local sugar market would directly impact the group’s margins. Azhar said Malaysian refiners have for years absorbed much of these shocks and maintained steady supplies for the local market at a stable price.
Despite the risks, MSM will remain focused on sustaining its turnaround plan, by focusing on key strategies to diversify products, explore opportunities for commercial collaboration, dispose of non-core assets and implement cost saving measures.
Harga gula yg dieksport oleh penapis tempatan dikatakan jauh lebih rendah daripada harga borong domestik. Maknanya pembeli donestik seolah2 membayar subsidi atas gula yg dieksport oleh mereka ini. Betul atau palsu?
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