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Jiji: Marubeni Comits to Work for B
- Subject: Jiji: Marubeni Comits to Work for B
- From: ktint@xxxxxxxxxxxxx
- Date: Thu, 02 Jan 1997 01:40:00
Subject: Jiji: Marubeni Comits to Work for Burmese Military Regime
Marubeni to Make Animal Feed Rice in Myanmar
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Tokyo, Dec. 25 (Jiji Press)--Marubeni Corp. has agreed with the Myanmar
government to jointly produce rice for livestock feed in the country,
company officials said Wednesday.
The major trading firm, together with Myanmar's Ministry of Agriculture
and Forests, will set up a joint venture there in the spring of 1997 to
propel the project.
Marubeni will put up the majority of the new company's capital, which is
expected to total around 1.5 million dollars. Using the seeds and
technical skills developed by an Indian company which is in a business
tie-up with Marubeni, the joint venture will aim to produce 3 million
tons of livestock feed rice annually in the future, according to company
officials.
Marubeni's move came in response to growing demand for livestock grain in
line with a rise in meat consumption, the officials said.
The company will export the products to Asian countries from the year
2000, and plans an annual output of 150,000 tons in the year 2004, they
said.
KT
ISBDA