Group4_IOI - Factiva

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2nd UPDATE: IOI To Invest MYR1 Bln To Boost CPO Refining Capacity 516 words 28 October 2009 04:45 Dow Jones International News DJI English (Adds details of Rotterdam refinery expansion plans, company chairman's comment that California ban on trans fats may create more demand for palm oil) By Shie-Lynn Lim Of DOW JONES NEWSWIRES KUALA LUMPUR (Dow Jones)--Malaysia's IOI Corporation Bhd. (1961.KU) said Wednesday it plans to spend MYR1 billion to upgrade the capacity of its crude palm oil refineries in Malaysia and the Netherlands by September 2010. Malaysia's second-largest plantation firm by market capitalization will boost the 850,000-metric-ton annual capacity at its Loders Croklaan refinery in Rotterdam, Netherlands, by 450,000 tons, Chairman Lee Shin Cheng said after IOI's annual meeting. It also plans to expand annual capacity at its 1.3 million-ton Pasir Gudang plant in Malaysia by 150,000 tons, he said. The Rotterdam upgrade will be completed by April, while the Malaysian upgrade is scheduled for completion in
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Group4_IOI - Factiva

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