Thursday 28 Mar 2024
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KUALA LUMPUR (May 12): KLK OLEO, the oleochemical divsion of Kuala Lumpur Kepong Bhd (KLK), has opened a new sales office in Woodbury, New York.

In a press release, KLK OLEO said the new office, KLK OLEO Americas (KLKOA), will oversee sales and marketing in the US, Canada and South America.

In addition, KLKOA will continuously maintain and build customer relationships for KLK OLEO’s array of products, which encompass fatty acids, glycerine, fatty alcohols and fatty esters, among others.

"KLKOA will create a local distribution network through storage locations across the US for packed and bulk materials to serve customers in the Americas region with just-in-time deliveries,” it said.

At 12.30pm today, KLK closed up 24 sen or 1.08% at RM22.50, giving it a market capitalisation of RM24 billion.

Edited ByLam Jian Wyn
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