Malaysian Companies to build palm oil factories in Myanmar


Malaysian companies are planning to build palm oil factories in Myanmar, according to Malaysian Minister.

Dr. Dato Seri Douglas, Minister of Plantation Industry and Commodities told reporters that Malaysian companies are arranging to invest in the construction of palm oil factories in Myanmar.

“Myanmar companies will also cooperate with Malaysian companies in order to attain technical know-how. Malaysia government has planned to extend its market in Myanmar and also for exporting,” said the Minister.

In 2012, Malaysia exported a total of 345,000 tons of palm oil and its related products to Myanmar, added the minister.

“Malaysia has great ambition concerning this matter as Malaysia palm oil has much demand in Myanmar. Businessmen from Myanmar and Malaysia are jointly planning to manufacture palm oil,” continued the Minister.

After permitting private businessmen to import of palm oil, the price of palm oil will become more stable.

There is a few changes in import prices, but palm oil price remains unchanged in the local market. Some think that there may be an increase in price of local consumer goods because of rise in dollar prices.

Source : Eleven Myanmar / July 1, 2013


About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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