MARKET DEVELOPMENT
FGV & China's SZAP Collaborate To Explore Business Opportunities In Commodities
FGV & China's SZAP Collaborate To Explore Business Opportunities In Commodities
12/12/2014 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) is set to mark a new foray into China by collaborating with Shenzhen Agricultural Products Co Ltd (SZAP), an agri-business trading company in China.
SZAP specialises in the business of e-commerce and supply chain services in agricultural products based in Shenzen.
The strategic partnership with SZAP is to jointly explore the business opportunities in various commodities, including rubber and palm oil.
"As the world's largest trading power, China continues to be a destination market for FGV," said FGV Group President and Chief Executive Officer, Datuk Mohd Emir Mavani Abdullah in a statement Thursday.
"We look forward to working with SZAP to provide greater accessibility of our products to consumers, amidst growing demand," he said.
In enhancing its downstream activities, FGV has earlier formed partnerships, to explore business operations in China.
"Through our subsidiary, Felda Global Ventures Biotechnologies Sdn Bhd, we delivered shipments of Palm Methyl Ester (PME) to Nansha Port in Guangzhou, in response to China's growing interest in renewable energy.
"With the many available opportunities, we look forward to further collaborate with business partners keen on working with us," Mohd Emir said.
FGV noted that FGV's business expansion into China is in line with Deputy Prime Minister Tan Sri Muhyiddin Yassin's recent visit to the country.
It was aimed at enhancing Malaysia-China ties and the bilateral trade target of US$160 billion (RM528 billion) by 2017.
This strategic move by FGV is part of its long-term growth plans, and towards achieving its vision of emerging as one of the leading global agri-business companies by 2020
SZAP specialises in the business of e-commerce and supply chain services in agricultural products based in Shenzen.
The strategic partnership with SZAP is to jointly explore the business opportunities in various commodities, including rubber and palm oil.
"As the world's largest trading power, China continues to be a destination market for FGV," said FGV Group President and Chief Executive Officer, Datuk Mohd Emir Mavani Abdullah in a statement Thursday.
"We look forward to working with SZAP to provide greater accessibility of our products to consumers, amidst growing demand," he said.
In enhancing its downstream activities, FGV has earlier formed partnerships, to explore business operations in China.
"Through our subsidiary, Felda Global Ventures Biotechnologies Sdn Bhd, we delivered shipments of Palm Methyl Ester (PME) to Nansha Port in Guangzhou, in response to China's growing interest in renewable energy.
"With the many available opportunities, we look forward to further collaborate with business partners keen on working with us," Mohd Emir said.
FGV noted that FGV's business expansion into China is in line with Deputy Prime Minister Tan Sri Muhyiddin Yassin's recent visit to the country.
It was aimed at enhancing Malaysia-China ties and the bilateral trade target of US$160 billion (RM528 billion) by 2017.
This strategic move by FGV is part of its long-term growth plans, and towards achieving its vision of emerging as one of the leading global agri-business companies by 2020