Swedish-based AAK has entered into a joint venture with Kuala Lumpur Kepong Bhd (KLK) to establish a production plant for specialty palm fractions in Pasir Gudang, Johor.
The joint venture, Nura Specialty Oils and Fats (Nura), will strengthen AAK’s upstream access to sustainable, high-purity raw material used in the production of cocoa butter alternatives – a key growth driver within Chocolate & Confectionery Fats.
The total investment in the new plant is estimated to reach SEK 300 million (US$31.4 million) and will be implemented over a 3-year period. The plant is expected to complete in 2028 and will reach full capacity by 2029.
By broadening its supply base and reinforcing upstream integration, Nura will complement AAK’s long-standing supplier partnerships in the region, increase resilience, and support the long-term profitable growth of Chocolate & Confectionery Fats.
