September 1, 2023, Kuala Lumpur, Malaysia — Graymont is pleased to announce that it has agreed to acquire Compact Energy, a significant lime processing facility strategically situated in Banting, in the state of Selangor, Malaysia — near Port Klang, the country’s main container port. The transaction is expected to close in Q4 2023.
The facility has state-of-the-art, modern, fuel-efficient vertical lime kilns, and lime hydration and ancillary equipment, and is well situated to supply both domestic and export markets. This latest addition to Graymont’s Malaysian plant network will bring an additional 390,000 tonnes of annual quicklime production capacity and 70,000 tonnes of hydrated lime production capacity, boosting Graymont’s annual production capacity in the country to more than 600,000 tonnes of quicklime and 170,000 tonnes of hydrated lime.
Having entered Malaysia in 2019, Graymont has invested a total of approximately US$70 million in the country and this acquisition will expand its network in Malaysia to four quarries and three lime plants. The acquisition of the Banting plant reinforces Graymont’s commitment to continue providing high-quality lime and limestone solutions to customers in essential industries across Malaysia and throughout the Asia Pacific region.
“I am pleased to announce the acquisition of the Banting lime plant. Graymont looks forward to working with Selangor’s local communities and to contributing to the local economy,” stated Andrew Speed, President of Graymont, Asia Pacific. “Wherever we operate, we adhere to best-in-class practices, including strict safety standards, throughout the life cycle of our products, from quarrying to processing, to transportation and delivery to the customer. A deep respect for sustainability and the environment is in our DNA.”
About Graymont
Graymont is a global leader in calcium-based solutions. Headquartered in Canada, Graymont serves markets throughout North America and Asia Pacific. Professionally managed and family owned, the company has been in operation for 75 years.
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