PDZ diversifies into LPG production

PDZ diversifies into LPG production

Kuala Lumpur: Malaysia’s PDZ Holdings is looking to diversify its earnings away from container shipping to LPG. The intra-Asia operator aims to develop a gas field in Kazakhstan which should start production in 2019.

PDZ is paying for this diversification via the sale of new shares and rights issue with warrants.

PDZ has reported losses for the last two years, however, group managing director Aminuddin Yusof Lana was adamant yesterday that the company could return to the black in 2016.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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