AAK has entered into a joint venture with Kuala Lumpur Kepong Berhad (KLK) to establish a production plant for specialty palm fractions in Pasir Gudang, Malaysia.
The joint venture, Nura Specialty Oils and Fats (Nura), will strengthen AAK’s upstream access to sustainable, high-purity feedstock used in the production of cocoa butter alternatives – a key growth driver within Chocolate & Confectionery Fats.
The total investment for AAK amounts to approximately SEK 300 million, to be implemented over three years. The plant is expected to ramp up in 2028 and reach full utilization in 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.
