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M'sia, China ink joint venture to produce palm oil-based products

On the last day of his visit to China, Prime Minister Dr Mahathir Mohamad today witnessed the signing of a memorandum of understanding (MOU) between Sime Darby Plantation Berhad and China National Cereals, Oils and Foodstuffs Corporation (Cofco).

Cofco, one of China's state-owned food processing and agriculture supply chain company, will be working together with Sime Darby in a joint venture to set up plants in Malaysia to produce palm oil-based products for the Chinese market...

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