Sime Darby Bhd is acquiring a substantial stake in United States-based industrial biotechnology company Verdezyne Inc to pursue strategic growth areas for its plantation business.
Sime Darby president and group chief executive officer Tan Sri Mohd Bakke Salleh said in a statement that “Sime Darby is taking strategically measured steps to build and nurture a sustainable portfolio of palm-related industrial biotechnology companies.
“There are exciting opportunities, which can leverage on our substantial plantation assets, and we are keen to capitalise these for future growth.”
A newly established unit under its subsidiary, Sime Darby Plantation Sdn Bhd - Sime Darby Renewables – would spearhead the initiative that would focus on converting traditional and non-traditional palm-based commodities into products of higher value.
This article has been extracted from http://www.thestar.com, please click on this link to read the article in full http://www.thestar.com.my/Business/Business-News/2014/04/29/Sime-to-invest-in-Verdezyne-It-will-buy-30-of-US-biotech-company-for-RM982mil/
Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:
ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.
With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.
For more information please visit www.montash.com