NAFAS, Chinese Firms Sign RM1.5b MoU for Integrated Fertilizer Industry
NAFAS signed a five-year strategic MoU valued at RM1.5 billion with Guizhou Phosphate Chemical Group and Jiangsu Chemical Design Institute to develop an integrated phosphate fertilizer industry in Malaysia. The agreement, signed at MAHA 2026 in Serdang, also covers raw material processing and supply guarantees. NAFAS also signed other MoUs and agreements on Thursday with a total investment value exceeding RM121 million.