Sime Darby Plantation eyes Latam deals to avoid being stymied at home

Sime Darby Plantation Bhd, the world’s largest palm oil planter, is looking to buy refineries in Latin America as it grapples with poor margins and mounting costs at home.

The Kuala Lumpur-listed firm has Latin America “on the radar” as it looks to expand its global refining capacity, said Mohd Haris Mohd Arshad, the chief operating officer of the downstream business.