21 August 1995 00:00 [Source: ACN]
CHEMICAL Company of Malaysia (CCM) is poised to sign two new agreements. A delegation left last week for Europe to sign the water treatment agreement with Kemira. The delegation is expected to proceed to Australia to sign its agreement with Australian Pharmaceutical Industries (API).
According to a CCM spokesman, the terms of both sets of agreements have already been decided, and it is now just a matter of meeting and signing.
The RM10m (US$4.1m) deal will see Kemira licensing its technology to CCM. It is still unclear whether ICI Australia will be involved in a separate arrangement with CCM on the water treatment plant.
The deal with API is on opening up of pharmaceuticals retail outlets in Malaysia. API runs about 2000 pharmaceuticals retail outlets in Australia. 'In-principal agreement has been reached. Hopefully, the deal will be sealed soon after the Kemira agreement,' the CCM spokesman said.
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