August 19, 2016

BMM-V joins hands with MAPCO to produce, distribute imported fertilizers

A farmer
A farmer spreading fertilizers on sugarcane.

SINGAPORE-based investment company BMM Venture (S) Pte. Ltd (“BMM-V”) has formed with Mitsui and the Behn Meyer (“BM”), a major distributor of chemicals in Southeast Asia, having reached an agreement with the Myanmar Agribusiness Public Corporation (“MAPCO”), their local partner, the Agri First Co.,Ltd. (“AFC”) to manufacture and distribute imported fertilizers in Myanmar.
AFC plans to invest approximately ¥1.2 billion in the construction of a fertilizer manufacturing plant (including a warehouse and other ancillary facilities) with an annual capacity at the 100,000-ton level in the Thilawa Special Economic Zone, said the announcement of Mitsui yesterday.
The statement also said that AFC aims to commence production at the new plant in May 2017.
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, and demand is, therefore, expected to grow rapidly, according to Mitsui.
By combining BM’s expertise and experience relating to the manufacture and distribution of specialty fertilizer, MAPCO’s networks with agricultural business operators in Myanmar, and Mitsui’s financing, logistics, procurement and marketing capabilities, which Mitsui has accumulated through its engagement in the fertilizer business, including the development of raw materials, logistics and sales, AFC will contribute to agricultural development in Myanmar.
Founded in 2012, MAPCO is a private sector company and is seen as a key contributor to the development of agriculture in Myanmar.


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