KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd will invest US$6.8mil (RM29mil) for a controlling stake in a new joint venture company to tap into the flourishing consumer packaging market in Myanmar.
The flexible packaging manufacturer entered into a Memorandum of Agreement (MoA) with Myanmar Smart Pack Industrial Company Ltd (MSP) to set up its first overseas manufacturing facility in Myanmar, under the JV company, Daibochi Packaging (Myanmar) Co Ltd (DPM).
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