ICI Australia Announces Malaysian Explosives Joint Venture
25th September, 1997
ICI Australia today announced it has formed a Malaysian explosives joint venture to supply bulk emulsion explosives direct to the Malaysian quarrying, mining and infrastructure market.
The 55 per cent ICI Australia-owned joint venture, ICI-CCM Energy Systems Sdn Bhd, supplies bulk emulsion from a depot at Shah Alam, located 20 kilometres from Kuala Lumpur, with product manufactured by ICI Australia Explosives at Liddell in New South Wales.
ICI Australia Explosives' general manager Mr Alan King said, "This strategic move positions ICI Australia Explosives' to take advantage of Malaysian infrastructure development contracts as they emerge.
ICI Australia's joint venture partner is Malaysian company CCM, an established locally-based company which manufactures and trades in a range of industrial chemicals.
"CCM has a detailed understanding of the local explosives market," Mr King said. "We believe the blend of their local manufacturing knowledge, together with our technology and management-base, provides an excellent mix of strengths."
The joint venture will supply bulk explosives to several customers in the Kuala Lumpur area, Johor in the south and to a major Malaysian quarry group.
ICI-CCM Energy Systems currently employs 14 people and operates two bulk explosives mobile manufacturing units.