PETALING JAYA: In line with its strategy to focus on downstream activities, FGV Holdings Bhd (FGV) is looking to explore the paper pulp market.
The group, in a filing to the stock exchange, said it had inked an MoU with Hong Kong-listed China Machinery Engineering Corporation (CMEC). FGV said the agreement was aimed at looking into the feasibility of a JV or other collaborations with CMEC, mainly related to the setting up of paper pulp production facilities, as well as the distribution and commercialisation of the paper pulp business to the global market.