Deal #3169

Myanmar

Created at

2013-03-12

Last update

2022-03-25

Last full update

2021-12-13

Land area

Intended size

30 000 ha

Comment on land area

30000 ha foreseen for the first phase

Intention of investment

[current] Non-food agricultural commodities, Agriculture unspecified, Industry

Comment on intention of investment

Palm Oil, Rubber Plantation, and Rubber Processing Plants

Negotiation status

[2012, current] Intended (Expression of interest)

Comment on negotiation status

the collaborating companies FGV and PLM are exploring the possibility of a joint collaboration with the view of setting up a joint venture company. They signed a MoU stating that they jointly scout for greenfield and brownfield opportunities for establishing rubber plantations, targeted to be about 30,000 hectares for the first phase. (2015) In the 2014 annual report of Felda group, they are now working on applying a license in order to invest in rubber related activities

Implementation status

[2013] Project not started
[2017, current] Project abandoned

Comment on implementation status

In a filing with Bursa Malaysia Bhd last Friday, the group said its subsidiary FGV Myanmar (L) Pte Ltd (FGV Myanmar) has terminated a joint venture (JV) agreement with Pho La Min Trading Co Ltd, in respect of the management and operations of the JV company known as FGV Pho La Min Co Ltd. https://www.thesundaily.my/archive/fgv-scraps-rubber-venture-myanmar-ITARCH445586