FGV signs MoU with India’s Trimex Industries

FGV shares were actively traded since early trade yesterday. Price went from a low of RM1.93 to a high of RM2.18 before closing 18 sen or 9.42% higher at RM2.09. FGV is the world

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) has signed a memorandum of understanding (MoU) with Trimex Industries Pte Ltd, with the aim to explore the feasibility of supplying and distributing various palm oil products to penetrate India’s midstream and downstream market.

Trimex is a subsidiary of India’s Trimex Group, one of the region’s largest mineral and metal conglomerates, involved in the business of mining and trading of industrial minerals with a logistical footprint in key ports in India.