BY SURAJ RAJ
METACORP Bhd sees the company's new core business of solid waste management as
a good alternative to its declining toll business, group executive chairman
Datuk Dr Nik Hussein Abdul Rahman said.
He said the company had been looking at sizeable business ventures since the
cessation of tolling concessions at Jalan Cheras and Jalan Pahang in Kuala
Lumpur last year.
Metacorp has been given a 22-year concession in waste management by the
Government in a 50:50 venture with Kualiti Alam Sdn Bhd.
Although this (waste management) is a different type of concession, it has a
better future, Nik Hussein told reporters after the company AGM in Batu Caves
yesterday. He said talks on levy pricing were under way with the authorities
and he hoped discussions would conclude next year for the business to commence.
He also said the company had ventured overseas to expand its business base. Its
wholly owned subsidiary, Metacorp Australia Pty Ltd, has purchased two pieces
of land north of Melbourne intended for small-scale residential development.
We want to test our market in Australia, he said, adding that the company was
on the lookout for good and viable properties to invest in.
Metacorps quarrying arm, Dimensi Timal Sdn Bhd, has also obtained a 50-year
concession from the Kelantan government to undertake granite-quarrying
activities in Jedok, Tanah Merah, Kelantan. The concession area, which measures
107.2ha, has an estimated reserve of 1.5 billion tonnes of monolithic mother
rock. Nik Hussein said the quarry had been developed and was ready for initial
production.
We will know for certain if it is marketable overseas in a couple of months,
he said, adding that samples had been sent to an exposition in Verona, Italy.
The company would invest around RM40mil over the next four years to develop the
quarry operations, which would be officially launched on Sept 25. //NST 22 Sept
---------------------------------
Yahoo! for Good
Click here to donate to the Hurricane Katrina relief effort.
[Non-text portions of this message have been removed]
------------------------ Yahoo! Groups Sponsor --------------------~-->
Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page
http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/ZP59lB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/perakan/
<*> To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
