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Malaysia Ready to Import CSC Beef

23 April 2019

ZIMBABWE - Malaysia has expressed readiness to import beef from the Cold Storage Company (CSC) once the firm meets international quality standards that the Asian country upholds.

CSC recently secured an investor, Boustead Beef, which has committed to injecting US$400 million towards the revival of the country’s largest beef processor and marketer.

Boustead Beef is being financed by various equity investors from the United Kingdom, United States, Switzerland, Hong Kong and Australia.

The firm will take over CSC’s legacy debt of close to $100 million.

Malaysia Ambassador to Zimbabwe Amarjit Sarjit Singh told Business Chronicle that as CSC gets back on track, it was imperative for the entity to get Malaysia Halal standards certification to allow beef exports from the country into the Southeast Asian country.

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Source: Chronicle

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