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

Conditions improving for offshore support vessels
Epicon exits PN17 category
Lotte Chemical remains cautious going forward
Westports registers 11% jump in 1Q earnings
UOA-REIT expects challenges
Ringgit rebounds to end higher against greenback
Bursa Malaysia ends firmer on bargain hunting
Pasukhas wins RM57mil data centre contract
Sunway potential FBM KLCI constituent stock
MABE focused on parent company

Others Also Read