KUB Malaysia Bhd’s (KUB) unit, KUB Gas Terminal Sdn Bhd, has acquired a 31,014.61 sq m leasehold land in Klang, Selangor, from Universal Lubricants Factory Zinol (M) Sdn Bhd for RM25 million.
In an exchange filing yesterday, KUB noted the proposed acquisition was done due to the proximity of the property to KUB Gaz Sdn Bhd’s (KUBGaz) existing bottling facility which will enable KUBGaz to expand operational capacity to support future growth plans.
“The operations on the property will be able to utilise Westports liquid bulks jetty facilities and existing storage and auxiliary equipment at KUBGaz’s existing site, which otherwise would not be possible to be carried out at any other available location,” it added.
The group’s expansion plans for the property include the construction of additional storage facilities that will enables KUBGaz to increase its importation capacity, bottling facility, cylinder storage and truck bays. KUB is also assessing the possibility of utilising the property to host a refrigerated Liquefied Petroleum Gas terminal.