Felda Global Ventures forms JV in Myanmar to build rubber processing plants

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 […]

FGVH targets natural rubber processing in Myanmar this year

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) hopes to start operation of its natural rubber (NR) processing plant in Myanmar this year, says chief executive officer-designate Mohd Emir Mavani Abdullah. Last December, FGVH signed a memorandum of understanding with Myanmar’s Pho La Min Trading Ltd to scout for opportunities to set up rubber plantations […]