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.