KUALA LUMPUR: Edible-oil manufacturer Xinghe Holdings Bhd is expecting an annual revenue of RM200mil following a tie-up with Arab Supplier Fabrication And Retail Sdn Bhd (Asfar), a manufacturer and exporter of palm-related products.
Xinghe and Asfar have entered into a 50:50 joint venture (JV) to build a plant in Klang to produce several types of oils and fats such as palm oil, peanut oil, soya bean oil and blended oil with an initial investment of RM20mil.
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