BUTTERWORTH, Sept 17 (Bernama) -- The Federal Land Development Authority (FELDA) will hold discussions with the Penang government and the Railway Assets Corporation (RAC) on extending the land lease for Malaysia Holdings Berhad's (MSM) sugar refinery in Perai.
FELDA chairman Datuk Seri Ahmad Shabery Cheek said the lease for the refinery, established in 1964, will expire in five years, and it is understood that the state government plans to redevelop the site.
"As part of the FGV Group, MSM's refinery is strategically located near the port and railway lines, which ease transportation and logistics, especially for raw sugar imported from several countries.