Fertilizer Plant: Mitsui-Behn Meyer Venture To partner W/ Mapco

Singapore-based Mitsui-Behn Meyer Venture plans to set up fertilizer plant in Myanmar with the capacity of 100,000 tonnes, according to Singapore Business Standard.  The company has reached an agreement with the Myanmar Agribusiness Public Corporation (MAPCO) and their local partner, the Agri First Co., Ltd. (AFC) to manufacture and distribute imported fertilizers in Myanmar.  

The AFC plans to invest approximately 1.2 billion Yen or about 10.50 million dollars in setting up the fertilizer plant at Thilawa Special Economic Zone in outskirts of Yangon. The company aims to commence production in May 2017.

Myanmar has over 12 million hectares of farmland and fertilizer demand in Myanmar is currently just over one million tons. This is equivalent to only one-fifth of the level in countries with similar farmland areas and crop types, such as Viet Nam and Thailand.