Wilmar forms Myanmar sugar JV

WILMAR International, in agreeing to form a sugar joint venture with a Myanmar producer yesterday, added yet another piece to its growing sugar empire.

Through the joint venture with Great Wall Food Stuff Industry Company, of which Wilmar will hold a 55 per cent stake, it will acquire two sugar mills, a bioethanol plant, and an organic compound fertiliser plant.

The mills have a sugar production capacity of 65,000 tonnes a year.