Singapore’s Wilmar opens facilities in Thilawa
Wilmar Myanmar and its partners, National Infrastructure Holdings Co, First Top Group and Riceland International, on Sunday announced the opening of a new flour mill and consumer pack edible oil processing plant in Thilawa Special Economic Zone, Yangon. The mill will have the capacity to produce 530 tonnes of wheat flour per day, while the processing plant will handle 460 tonnes of edible oil a day.
Wilmar Myanmar is a subsidiary of Singapore-listed Wilmar International, one of the largest agribusinesses in Asia. The company trades in palm oil, protein feeds, consumer pack edible oils, sugar, and other food products. Wilmar Myanmar produces the Meizan brand of edible oils and plans to introduce new sauces and food products in the local market.
The company also operates the Wilmar Myanmar Port Terminal in Thilawa under a 50-year build, operate and transfer agreement with the government. For the first six months of the year, Wilmar International reported revenues totalling US$20.2 billion, down by 7.6 percent over the same period last year, and earnings of US$427 million, which is down by around 20pc during the period. This was due to the outbreak of African swine flu in its key markets.
Source: Myanmar Times
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