date:Apr 15, 2014
Singapore-headquartered Wilmar International has agreed to establish a joint venture (JV) in Myanmar to produce and sell sugar and its by-products.
The JV will be set up in partnership with Great Wall Food Stuff, and will be named Great Wall - Wilmar Holdings.
As per the terms, the Singapore-based firm will acquire the existing sugar-related business, mills and facilities of Great Wall and its associates.
Great Wall owns two sugar mills with a milling capacity of 4,000 tons per day, a bio-eth