PZ Cussons' Nigeria palm refinery starts work in Q3

LAGOS, DEC 22 - By Chijioke Ohuocha LAGOS (Reuters) - Consumer product maker PZ Cussons expects a $56 million palm oil refinery in partnership with Singapore's Wilmar International to be operational by the third quarter of next year, the chief executive of Cussons' Nigerian unit said on Friday. Christos Giannopoulos said the joint venture company PZ Wilmar will invest 100 billion naira in Africa's second biggest economy over the next 5-7 years to develop oil palm plantations that will feed the refinery and reduce import bills. ...