In cooperation with Japanese and Malaysian investors, Myanmar Agribusiness Public Company Limited (MAPCO) opened an Agri First fertilizer plant at Thilawa SEZ

Myanmar Agribusiness Public Company Limited (MAPCO) in cooperation with Japanese investors and Malaysian investors opened an Agri First fertilizer plant at Thilawa SEZ on October 10.

The plant, which will produce up to 100,000 tons of fertilizers, it has been implemented with $10 million in investments; 40 percent by MAPCO, 30 percent by Japanese investor Mitsui and 30 percent from Malaysian investor Meyer.

“This plant will produce fertilizers—combination of minerals and nutrients such as nitrogen and potassium, which are necessary for farmers. In terms of technology, this plant will use machines made in the Netherlands and will produce fertilizer customized specifically for the soil in the country,’’ U Ye Min Aung, Director of Agri First, said. 

The fertilizers will have special combinations for specific type of crops such as rice, corn, watermelon, sugar cane etc. Moreover, it will also produce silica tabs that strengthen stem of paddy plant preventing them from falling.

Currently, they sell representative of four types of Kujaku brand fertilizers for crops and Zumba brand fertilizers for rubber plants, both of which are produced in Malaysia using German technology.

Dr. Ye Tin Tun, Director General of Agricultural Department under the Ministry of Agriculture, Livestock and Irrigation, said that opening the country’s very first fertilizer plant will reduce cost of fertilizers for farmers as well as number of law quality fertilizers flowing into the country’s market.

“Because it is produced in the country, it will cut a lot of transportation cost compared to imported products. The advantage is reasonable prices if the products are distributed directly to the farmers. The price might vary depending on the global prices,’’ he added.

According to the data from the ministry, there are 30 million acres growing other types of crops and 15 million acres growing rice. In terms of export, the agribusiness industry has generated over $1.1 billion from export between April and August this year making itself the third biggest export among seven types of exports from Myanmar.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/mapco-and-partners-open-fertilizer-plant-thilawa-sez )

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