Southern Acids unit to set up mill in Riau

KUALA LUMPUR: Southern Acids (M) Bhd's subsidiary PT Wanasari Nusantara will build a palm oil mill with a processing capacity of four tonnes per hour at an oil palm estate in Riau, Sumatra. The project is expected to be completed by the first quarter of 2015. In a statement to Bursa Malaysia, the company said the project will cost some RM35 million and will be funded by internal funds.