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News 26131 to News 26140 of about 27042 news within page 2614
26131. 22/10/2002
   
KUALA LUMPUR, Oct 18 (Bernama) -- Paos Holdings Bhd, having secured acontract to manufacturer Dettol soaps for Reckitt Benckiser (RB), seeks tooffer similar services to other well-known multinational companies.Its executive chairman, Datuk Lim Tong Yong @ Lim Tong Yaim said Paos hasbeen appointed by RB, the world's number one household cleaning (excludinglaundry detergents) company to manufacture the medicated bar soap rangeincludes the "Original" soap, "Fresh" soap and the recently launched"Sensitive" translucent soap.The group, an associated company of Hap Seng Consolidated Bhd, is nowbetter placed to tap opportunities in the finished soap markets afterhaving met the ISO9001 quality management standards awarded by SGS UnitedKingdom Ltd.The group's main operating subsidiary, Paos Industries Sdn Bhd (PISB)manufactures soap chips, which are mainly exported to China, Korea andBangladesh. It also contract manufactures finished soaps for third partiesunder their own brand names.Premier Oil Industries Sdn Bhd (POISB), also in the Paos stable, makesspecialty fats and animal feed. The fats are exported mainly to Pakistanwhile the animal feed products are contract manufactured for Berg &Schmidt who distributes them to Germany and other European countries.In his latest annual statement, Lim said the increased demand for animalfeed from Europe had resulted in the group further increasing its capacityfrom 2,500 to 4,500 metric tons by the commissioning of an additionalspray cooler.With this step-up in production capacity, the future of the animal feedbusiness looks even more promising, he addedThrough its research and development with MPOB, the group has developed aprocess to manufacture palm wax using palm oil as a raw material.This palm wax can be used as a substitute for paraffin wax, which is beingutilised in the manufacture of candles.The chairman said the group had started some initial sales of palm wax tocandle manufacturers in China and South Africa, and was optimistic thatsales would grow in due course.With continued efforts to improve efficiency and competitiveness,commitment towards research and development for new products and services,the group strives to overcome the prevailing world economic slowdown andimprove its performance for the coming year, he added.The unprecedented world events, namely the terrorists attack in the UnitedStates and the consequential war in Afghanistan had a significant negativeimpact on trading conditions for the Paos group during the year ended May31, 2002.The group posted a 11.8 percent increase in turnover to RM279.9 millionfor the last financial year. However, pre-tax profit fell 45.3 percent toRM11.5 million from RM21.0 million previously.POISB's pretax profit would have been much higher than the RM6.15 millionachieved if not for the cancellations of orders from Pakistan customers asa result of the war in Afghanistan.In the case of PISB, the pretax profit of RM4.34 million was less thanone-third the amount in the previous year due mainly to high crude palmoil prices and increased competition from lower cost producers inIndonesia in the soap chips markets. -- BERNAMA
26132. 22/10/2002
   
KUALA LUMPUR, Oct 18 (Bernama) -- IOI Corporation Bhd is looking atopportunities to acquire Unilever oil palm estates in Malaysia, said itsexecutive chairman Tan Sri Lee Shin Cheng Friday."We have not started any negotiation but we are at the stage of doing aninternal assessment," he told reporters after the company's annual generalmeeting here.
26133. 22/10/2002
   
(Soybean Digest) Less dependence on foreign oil topped the write-inresponses to a biofuels online survey just conducted by Soybean Digest.One farmer wrote: "I am sending fewer dollars to the Middle East to useagainst us and fuel terror."Another wrote: "I won't give Arab oil countries my dollars if I don't haveto."And another: "I don't like dependence on our sworn enemies for anything."As expected, some write-in responses to our survey were more passionatethan others. But most of the 353 respondents also pointed to therenewable, home-grown advantages of producing ethanol and biodiesel. Mostbelieve, and appear to be proud, that the use of renewable fuels will helpthe farm economy and the prices they get paid for corn and beans.Ethanol, of course, has long had widespread use and acceptance. But that'snot the case for new kid on the block, biodiesel.For example, a surprise in our survey is that more than half (61%) ofrespondents say biodiesel isn't available in their area or they don't knowwhere to purchase it. But of those who have used biodiesel, 94% plan tocontinue using it.So despite the promotion efforts of the United Soybean Board, the AmericanSoybean Association and the National Biodiesel Board, there's still a biggap in biodiesel availability.Eventually, state and/or federal mandatory biodiesel legislation will pumpmore life into this renewable fuel. It will also make it more readily andeasily available in your areas.Until then, demand that your local fuel supplier stock biodiesel. Beforceful and keep the biodiesel wheels rolling.To help you find out where and what's available in your area, log on tohttp://www.biodiesel.org or call your local and state soybean association.You can also stay abreast of how the renewable fuels standard isprogressing in the federal energy bill. We'll keep you posted here and atSoybeanDigest.com. Once on our site, please check out our special reportcalled "The Biofuels Boom" and the full results of our biofuels onlinesurvey.See Brazil Beans Up CloseIf you're looking for a winter getaway, take a look at Soybean Digest'sfarm tour to Brazil on Feb. 1-14, 2003. It's a tailor-made trip that getsyou to some of Brazil's biggest and best soybean production areas.Sign-up deadline is Nov. 1. For information, contact KITT Travel at800-635-5488 or log on to: http://www.kitt-travel.com/soybeef.htm
26134. 22/10/2002
   
ISLAMABAD, Oct 18 (Bernama) -- Malaysia is considering to buy milk andother dairy products from Pakistan as a means to narrow the bilateraltrade imbalance now hugely in its favour, Prime Minister Datuk Seri DrMahathir Mohamad said here Friday.But it would be up to Malaysian consumers to decide if they would switchto Pakistani milk and such products which Malaysia now largely sourcedfrom New Zealand and Australia, he told leading Pakistani businessmen at adialogue at the Serena Hotel here where the prime minister is stayingduring his two-day visit starting Friday.
26135. 22/10/2002
   
ISLAMABAD, Oct. 18 (Kyodo) _ Pakistan and Malaysia signed two agreementsFriday providing for the construction of a liquid cargo terminal at PortQasim on the Arabian Sea and a $50 million barter trade between twocountries.Under the first agreement, Felda Group of Malaysia and Westbury group ofPakistan will build a liquid cargo terminal at Port Qasim to handletankers up to 35,000 tons for liquid cargo, particularly edible oil.The terminal would be a joint venture on a ''build, operate, transfer''basis and would handle 90% of the edible oil requirement of Pakistan.The chairmen of Felda group and the Westbury group signed the terminalagreement in a ceremony attended by visiting Malaysian Prime MinisterMahathir Mohamad.Under the second agreement, Jawala Corp. of Malaysia and Global Oil andCommodities entered into a barter trade pact to exchange $50 million worthof Malaysian palm oil for cotton yarn, rice, fruit and other commoditiesand services from Pakistan.
26136. 22/10/2002
   
19 Ocyober, 2002 (Business Times) - CONSTRUCTION of the first three of 26biomass-based power plants in Malaysia will start soon.
26137. 15/10/2002
   
10/09/2002 (Financial Times) - KUALA LUMPUR, Oct. 8. AFRICA could be nextbig market for Malaysian palm oil because of low per capita consumption inthat continent and large population.This was revealed by the Chief Executive Officer of Malaysian Palm OilPromotion Council, Mr Haron Siraj, during his presentation at OFIC 2002 ondynamics of global oils and fats trade. "Over 228 million people in thewhole of Africa consume less than five kg per capita and this provides amajor market opportunity," he noted.Malaysia, he claimed, was facing technical barriers to trade, objectionson environmental grounds and market access restrictions. "We will take upthe market access issue with China and India for a level playing field,"Mr Siraj said.Malaysians have been unhappy with India because of large difference incustoms duty between soyabean oil (45 per cent) and crude palm oil (65 percent).They have been lobbying for parity of duty between palm and soya oils.Referring to the impact of madcow disease in Europe, the MPOPC chief saidmany consumers have converted from tallow to vegetable oil because of theBSE crisis and demand for palm stearine - a substitute to tallow - forindustrial application was rising. Other challenges palm oil facedincluded logistics (freight space and cost); regulatory impact of shipping(previous cargo restriction); labelling; food safety clearance by FDA andso on, he said.
26138. 15/10/2002
   
10/10/2002 (Financial Times) - Ukrainian oil mills reduced year-on-yearproduction in the first eight months of 2002, the Agriculture Ministry'sfood department reported.Production of sunflower oil was down 14% to 351,393 tonnes.Ukrainian companies produced 8,199 tonnes of sunflower oil in August, down6.15% year-on-year and 75.5% from July 2002.Experts attribute the drop to a 35% decline in the sunflower harvest to2.245 million tonnes in 2001.Oil mills are already processing sunflower seeds from the new harvest. Themills have the capacity to process 3.5 million tonnes of sunflower seed ayear.The Ukrainian sunflower oil market is estimated at 450,000 tonnes a year.Margarine production dropped 2.6% in the first eight months to 107,554tonnes.Ukraine produced 8,261 tonnes of margarine in August, up 34% year-on-year, but down 30.3% from July 2002.Margarine production totaled 185,600 tonnes in 2001, up 22.2% from 2000.The capacity of the margarine market in Ukraine is estimated at 130,000tonnes a year.Ukraine produced 29,800 tonnes of mayonnaise in the first eight months,down 4.7%. Mayonnaise output in August amounted to 3,158 tonnes, up 9.6%year-on-year. Ukraine produced 47,461 tonnes of mayonnaise in 2001, up14.1% from 2000. The country's biggest oils and fats producers are part ofthe Ukroliyarprom association.
26139. 14/10/2002
   
KUALA LUMPUR, Oct 12 (Bernama) -- Primary Industries Minister Datuk SeriDr Lim Keng Yaik, will be leading a Malaysian Palm Oil Economic andTechnical Mission to Morocco, Egypt, Jordan and the United Arab Emiratesfrom Oct 13-29, 2002.This mission represents part of the continuous efforts of the governmenttopromote greater use of palm oil and to expand the market for Malaysianpalm oil and its products, the ministry said in a statement here Saturday.The mission becomes more significant in view of the rising trend of palmoil production and stiff competition from other oils and fats, it said.Morocco has the potential to become a significant market for Malaysianpalm oil as it relies heavily on imports to meet its domestic oil and fatsrequirement.With the reduction in import duties on vegetable oils instituted by theMoroccan Government in November 2000, palm oil now looks more accessibleinto the country.This is evident from the fact that imports of palm oil into Moroccoincreased from 8,000 tonnes in 2000 to almost 15,000 tonnes in 2001.As for Egypt, it is currently the biggest importer of Malaysian palm oilin Africa and West Asia, requiring some 1.2 million tonnes of oils andfats annually, while local production accounts for only 15 percent of therequirement.In 2001, Egypt imported 453,000 tonnes of palm oil from Malaysia, whichconstituted about 73 percent of its total palm oil import that year.Recognising the importance of the Egyptian market, the ministry said thatthe Malaysian government has offered Egypt a credit facility of US$25million under the Palm Oil Credit and Payment Arrangement (POCPA) scheme.As for Jordan and UAE, they represent Malaysia's traditional markets inWest Asia.Jordan has been importing palm oil of between 130,000 to 150,000 tonnes ayear, whereares UAE imports some 180,000 tonnes a year.The misison will hold discussions with the relevant Ministries, agencies,traders, manufacturers and distributors with a view to further enhancingbilateral trade, particularly in palm oil between Malaysia and the fourcountries.-- BERNAMA
26140. 14/10/2002
   
Kuala Lumpur, October 8 : Malaysia will urge India to reduce tariff oncrude palm oil (CPO) and refined oil import, minister of primaryindustries Lim Keng Yaik said on Tuesday.Mr Yaik, who will visit India in February, told reporters that the issueshe would discuss with the Indian government, include reduction in importduty on palm oil, parity in vegetable oil duty structure and reduction indifferential duty.The use of diversified palm oil-based products and possibility of Malaysiasupplying the knowledge and technology for oleochemical plants would alsobe discussed, he said.Saying that the tariff on palm oil was very high, he said India applies ahigh differential duty on crude oil and refined oil too.“We would also like to create awareness and promote non-conventionaloptions and diversified usage of oil palm such as production ofoleochemicals, biomass, biofuel and the use of oleochemicals as asubstitute to petrochemicals in various products, he said.Even in edible oil industry palm oil can be used in different variationslike, specialty fat and cooking fat. “We are also working to get the rightformula to use oil palm to prepare milk substitute as non-dairy milk,” MrYaik said.Saying that use of oleaochemical as a substitute of petrochemicals is notonly more effective but also environment friendly, Mr Yaik said.— PTI
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ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
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