France's Glon to set up poultry farm in ECER
French integrated agriculture producer Glon Groupe is investing US$60 mln to set up a poultry farming plant in the East Coast Economic Region (ECER).
The first phase of the 80 ha plant in Kuantan is expected to commence by year-end, reports the Business Times.
"We (France) are already present in the oil and gas, information technology, aeronautics as well as transportation sectors in Malaysia. We are now keen to diversify into other areas," says French Foreign Trade Minister Anne-Marie Idrac, adding that 250 French companies have invested some €6 bln in assets in Malaysia to date. "We are keen to work together with Malaysia in producing halal products for a third country," she said.
Halal Industry Development Board Corp CEO Datuk Seri Jamil Bidin said local partners would be needed in areas like animal feed, processing, slaughter house and also with a cooperative (to handle the farmers).
Source: Business Times
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