Felda Global Ventures forms JV in Myanmar to build rubber processing plants

Pho La Min Trading chairman Tun Tun Win (left) exchanging documents with Emir after the signing ceremony.

YANGON: Felda Global Ventures Holdings Bhd (FGV) plans to build a rubber processing plant worth RM30mil to RM45mil in Myanmar this year as part of its initiative to venture into rubber business in the country.

The group, via its subsidiary FGV Myanmar (L) Pte Pld, on Saturday signed a joint-venture (JV) agreement with local partner Pho La Min Trading Ltd (PLM) to set up rubber processing plants and to look for rubber plantation opportunities in that country.