Wednesday, 19 November 2008

Daewoo leases African plantation

Vertical Integration.

Daewoo leases African plantation

South Korean firm Daewoo has unveiled plans to plant corn on one million acres of land in Madagascar, to sharply cut its reliance on US imports.
Daewoo is leasing the vast tract of land - half the size of Belgium - for 99 years and hopes to produce 5 million tonnes of corn a year by 2023.

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