Rice Grower to Set Up Farms in Cambodia and Myanmar

Hybrid rice producer SL Agritech Corp. plans to set up a plantation in Cambodia via a joint venture instead of shipping out produce from its Philippine farms, a ranking official said last week.

“We are looking at starting the shipment of seeds to Cambodia and to start planting there in the fourth quarter,” SL Agritech President Henry Lim Bon Liong said in a telephone interview. Under the joint venture, he said seeds will be given by SL Agritech to be used for the plantation, while its partner firm will provide the labor and land in Cambodia. He said that for every produce sold there, SL Agritech will be paid with royalties. The firm is focusing on international development this year with not much push from the Philippine government for hybrid rice, he said. Apart from Cambodia, the firm is also reportedly looking at Myanmar as part of its international development program.

http://www.bworldonline.com/content.php?section=Corporate&title=Rice-grower-to-set-up-farms-in-Cambodia-and-Myanmar&id=37530