PPB disposes of Myanmar packaging business for US$2.4m

KUALA LUMPUR (Sept 20): PPB Group Bhd is disposing of its entire equity interest in Tefel Packaging Industries Co Ltd in Myanmar for US$2.4 million (RM10.06 million). PPB’s 79.9%-owned indirect subsidiary Tego Sdn Bhd inked an agreement to transfer its entire 100% stake in Tefel Packaging Industries Co Ltd — a polypropylene bags manufacturer — […]

Singapore’s Wilmar Forms Myanmar Sugar Venture to Expand Push Into Sweetener

Wilmar International Ltd. (WIL), the largest sugar cane miller in Australia, agreed to form a Myanmar venture with a local partner as it builds on a four-year push into sugar production in Asia. The Singapore-based company will hold 55 percent in the venture with Great Wall Food Stuff Industry Co. after buying all of the […]