A wholly-owned subsidiary in Malaysia will also be established, where a plant will be set up to manufacture plant protein and starch isolates to meet the growing demand for plant-based food and beverages.
Singapore-based agri-commodity firm Agrocorp International has formed a joint venture (JV) with one of Japan’s dairy giant Megmilk Snow Brand to manufacture and market plant-based food ingredients.
The planned JV entity, Agro Snow, will be established in Singapore with a capital stock of about US$21 million. The firm will be 51% owned by Agrocorp and 49% by Megmilk.
