PPB associate Wilmar to build largest rice mill in Myanmar economic zone

Description: 

"PPB Group Bhd's 18.5%-owned associate Wilmar International Ltd will build the largest rice mill in Myanmar's Thilawa Special Economic Zone to capitalise on Myanmar's economic growth, Eleven Media Group Co Ltd reported, quoting Wilmar International chairman and chief executive officer Kuok Khoon Hong. Eleven Media reported that Singapore-listed Wilmar International via subsidiary Wilmar Myanmar will build the mill, which will produce up to 1,200 tonnes of rice a day. Kuok was quoted as saying: "I believe that Myanmar owns the prosperity of business and agriculture sectors. So, it can create not only local agricultural imports (but) local and foreign markets." It was reported that upon completion of the rice mill, rice bags will be exported to other countries via Thilawa. "Wilmar Myanmar had opened the Wilmar Jetty on March 25, 2018. Myanmar Investment Commission granted Wilmar (the right) to operate Wilmar Myanmar Port Terminals (Thilawa) under a 50-year build, operate and transfer agreement with the government..."

Creator/author: 

Chong Jin Hun

Source/publisher: 

"The Edge Market" (Malaysia, Singapore)

Date of Publication: 

2019-11-06

Date of entry: 

2019-11-10

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Resource Type: 

text

Text quality: 

    • Good