Betagro Group and Myanmar construction material and logistics Shwe Mè Group have signed a deal to form a joint venture company named Betagro (Myanmar) Company Limited.

Established with registered capital of US$18.3 million, Betagro Public Company Limited has an 80% share in Betagro (Myanmar) Company Limited, with Shwe Mè Group holding the balance.

The new joint venture plans to invest in a feed mill with a production capacity of 12,000 tons per month, a breeder farm and a pig farm in Yangon.

Shwe Mè Group has expertise in logistics, import-export, and warehousing and is also an SCG products distributor.