The complex, which is set to begin operation in late 2014, will consist of a 120-tonne rice parboiling plant and a 100-tonne white rice milling plant,
It is reported that MAPCO will invest K900 million in the project.
MAPCO is also jointly investing in a project to construct a rice parboiling plant that can produce 7,000 tonnes per year in the town of Kyaik Lat in Ayeyarwaddy region.
The project, where Mapco owns a 55 percent stake, is set to begin operation in 2014.
“Construction of a 100-tonne white rice milling plant costs around K500 million ($500,000) with just the machinery accounting for K250 million. The cost rises to at least K400 million if you include the buildings and foundation. The expenditure increases for a 120-tonne plant,” told U Thaung Win, secretary of Myanmar Rice Millers’ Association.
Parboiled rice produced from the upcoming plants will be exported to new markets in Europe and Africa in addition to Russia, which is already buying parboiled rice from Myanmar.
MAPCO is currently constructing two main milling buildings that are 180 feet long and 80 feet wide simultaneously at the project site in Pyinmana.
Source: Myanmar Business Today