FGV enters MoU with CMEC to set up paper pulp business


The board is investigating six matters on FGV

KUALA LUMPUR: FGV Holdings Bhd (FGV) is exploring a venture into the paper pulp market, using palm oil wastes.

The group, in a filing to the stock exchange on Tuesday, said it had inked an MoU with Hong Kong-listed China Machinery Engineering Corporation (CMEC) with the aim of setting up a joint venture or other collaborations in the business.

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!

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read