AGRICULTURAL and agri-commodities company, Felda Global Ventures Holdings Bhd (FGV) is expecting to start operations at its natural rubber (NR) processing plant in Myanmar this year.
A memorandum of understanding (MoU) signed between FGV and Myanmar’s Pho La Min Trading Ltd had paved the way for the establishment of the rubber processing facility in the country.
According to FELDA CEO-designate Mohd Emir Mavani Abdullah, the group will also be developing a complete supply chain of its three core businesses of palm oil, sugar cane and rubber in Myanmar, although
FGV, which was evaluating the 12 acquisition proposals in Malaysia and overseas, is exercising caution in acquiring upstream assets, he said.