Malaysia’s Seloga Holdings Bhd and Thai companies Tipco Asphalt Public Company Limited (TASCO) and Thai Bitumen Company Ltd (TBC) will jointly build a US$63.5mil asphalt plant in Kemaman in the Malaysian state of Terengganu. (US$1=RM3.8). Seloga will own a 50% stake in the joint venture company, Kemaman Oil Corp Sdn Bhd (KOC), while TASCO will…
MALAYSIA: Seloga and two Thai firms to set up 800,000 tonnes/year asphalt plant
Posted on July 22, 2004 by EnergyAsia