Mohiuddin Monem, director of AML, formally announced the arrival of the company's new sister concern Monem Sugar Refinery Ltd (MSRL) while signing a memorandum of understanding between MSRL and SUTECH Engineering Company Ltd yesterday, says a press release.

Under the deal, MSRL, with the technical assistance of SUTECH Engineering, is likely to produce and deliver approximately 300,000 tonnes of refined sugar annually, which can be used in food processing industries, pharmaceutical industries, bakeries and confectionery units and household applications.