Selasa, Jun 16, 2009

Malaysian mushroom farm in Ethiopia

Local firm DXN to invest RM90m in African nation
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Wednesday, May 27th, 2009 06:34:00
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ADDIS ABABA: Malaysian listed firm DXN Holdings Bhd is planning to set up a mushroom farm in Ethiopia.The initial investment outlay is 285 million Ethiopian birr (RM89.5 million) for the first of its kind mushroom production facility in the African nation.
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The farm will grow various types of mushrooms and produce packed food and other products for the domestic and export markets.
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The company plans to develop and cultivate a 60ha mushroom farm around Lake Shala, where it will also set up the mushroom production facility.
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DXN group's Datuk Dr Lim Siow Jin is currently holding talks with officials of the Oromia Investment Commission to lease a plot of land in Shala District, West Arsi Zone, according to Mohammed Ibrahim, the vicecommissioner.
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"The company has secured a right to use recourses for mushroom farming in Lake Shala," Mohammed said.
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"The Oromia regional government will also provide the company a 53ha land it requested for setting up a manufacturing plant on lease basis after evaluating the company's proposal."
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Presently, the company is undertaking a soil survey and sampling at the site it is planning to set up the establishment.
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Lake Shala and its surrounding is ideal for mushroom cultivation and farming, a rare investment venture practiced in the country despite the availability of rich resources to do so, according to experts.
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The market for mushrooms has continued to grow worldwide due to interest in their culinary, nutritional, and health benefits, according to reports.
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DXN group is a multi-level marketing firm known for its Ganoderma business. Its product lines include dietarysupplements, food and beverages, personal care products, household products and water treatment system. - Malay mail

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