CORP BRIEF: Linde, FGV and Coastal

Linde Malaysia starts new RM28m plant in Muar

LINDE Malaysia Sdn Bhd has started a new RM28 million plant in Muar, Johor, to supply high purity gaseous nitrogen. The plant has been designed and built to primarily support the increased demand from STMicroelectronics NV, a leading global semiconductor manufacturer, which has a back-end (test and packaging) plant in Muar. In a statement yesterday, the company said ECOGAN5 is a highly energy-efficient, cost-effective and reliable plant that delivers a continuous stream of gaseous nitrogen. Since 1960, Linde plc has invested in building numerous facilities in Malaysia, including Air Separation Units in Pengerang (Johor) and Shah Alam (Selangor), large capacity nitrogen plants in Pasir Gudang (Johor), pipeline networks for oxygen and nitrogen in Pasir Gudang, and a state-of-art cylinder filling facility in Banting (Selangor). Linde also established its Remote Operating Centre in Hicom, which allows for the remote monitoring, operation and control of more than 100 Linde plants across the Asean, South Asia and South-Pacific regions.

FGV ramps up crop farming planting materials

FGV Holdings Bhd is ramping up the production of banana, bamboo, coconut and paddy planting materials this year to meet the increasing domestic demand for crop farming activities. In a statement yesterday, the group said it aims to increase the production of banana clonal varieties to two million this year to cater to the rising demand for the Berangan, Cavendish and Tanduk banana variants, and targets to increase the Betong bamboo production from the current 200,000 to one million by 2022. It also plans to increase the production of Pandan coconut planting material to 70,000 this year, an increase of 20,000 from last year. Other than the Pandan variant, FGV is also targeting to pro-duce 200,000 Matag coconut seedlings by 2025, upon the maturity of its 50ha coconut seed garden in Pusat Penyelidikan Pertanian Tun Razak, Jerantut, Pahang. — Bernama

Coastal secures deal to build gas plant in Mexico

COASTAL Contracts Bhd’s wholly-owned Coastal Marine Pte Ltd and its Mexican joint-venture partner Grupo Empresarial Alfair SAPI de CV (Alfair) have secured a RM258.7 million contract to build a gas sweetening processing plant in Mexico. In a filing to Bursa yesterday, the group said the 32-month project is expected to boost the company’s financial performance and enhance its earnings visibility in the short to medium term. The gas sweetening plant will be constructed by its foreign subsidiary company, Coastoil Dynamic SA de CV, for a state-owned petroleum company, Petroleos Mexicanos, at the Ixachi field in Veracruz. The plant is capable of processing up to 180 million standard cu ft of wet sour gas a day. — Bernama