Felda Global likely to be main supplier of palm oil and derivatives for Evyap Sabun

ANKARA: Malaysia’s plantation giant Felda Global Ventures Holdings Bhd (FGV) has entered into a memorandum of understanding with Evyap Sabun Malaysia Sdn Bhd to supply palm oil and derivatives to its oleochemical plant in Tanjung Langsat, Johor.

Evyap Sabun Malaysia, a wholly-owned subsidiary of soap and personal care products manufacturing giant Evyap Group Turkey, has invested US$200mil (RM647.29mil) in its Malaysian business, said to be the first foreign direct investment by a Turkish entity in Malaysia.