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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Business , Felda

   

Next In Business News

FBM KLCI steps back 0.22%, VSTECS hits record
Asian FX muted on firm dollar, stocks fall; Malaysia holds rate
Oil rises on US crude storage draw, China imports show year-on-year gain
Over 400 units of Sunway Velocity 3 Homes Sold on Opening Weekend
Bank Negara holds OPR firm at 3%
Country Garden says it aims to pay onshore coupons due Thursday by May 13
China's exports and imports return to growth, signalling demand recovery
Hong Kong and Saudi Arabia explore funds to track Hong Kong stock indices
Oil rises on US crude storage draw, China imports show year-on-year gain
FBM KLCI retreats to 1,600

Others Also Read