Forest Products Joint Venture Corporation Limited

Type
Organization

Name
Forest Products Joint Venture Corporation Limited

Country
Myanmar (Burma)

Legal form
not available

Status
not available

E-Mail
fjv.md@gmail.com

Phone
+9519010744 · +9519010742 · +959443250050

Topics
Sanctioned entity

Email: fjv.md@gmail.com

Type of entity: Joint Venture

Place of registration: Myanmar

Phone number: 01-9010742; 01-9010744; 09-443250050

Forest Products Joint Venture Corporation Limited (FPJVC) operates in timber industry in Myanmar processing teak and hard wood. Despite being a public company, FPJVC is controlled by the State, which (i) holds the majority of FPJVC’s shares through the Ministry of Natural Resources and Environmental Conservation (MONREC) (10 %) and the state-owned Myanma Timber Enterprise (MTE) (45 %), and (ii) has the right to appoint the majority of the members of the Board of Directors of FPJVC (with 3 members appointed by each of MONREC and MTE, respectively, out of eleven members). On 1 Feb 2021, the Myanmar Armed Forces (Tatmadaw), led by Commander-in-Chief Min Aung Hlaing, seized power from the civilian legitimate Government in a coup d’état and established the State Administration Council (SAC) to exercise legislative, executive and judicial powers of the State. On 2 Feb 2021, the military regime appointed a new cabinet, including a new minister for Natural Resources and Environmental Conservation (MONREC). Through the SAC and the new cabinet, the military regime acquired control over and benefits from state-owned enterprises, including FPJVC. FPJVC is thus controlled by and generate revenue for the Tatmadaw, therefore contributing to its capabilities to carry out activities undermining democracy and the rule of law.

Place of registration: Myanmar

Addresses

Address
Full address422/426(Rm 2), 2nd Flr, Strand Rd., Corner of Botahtaung Pagoda St., FJVC Center, Ward (4), BTHG
Citynot available
Street address422/426(Rm 2), 2nd Flr, Strand Rd., Corner of Botahtaung Pagoda St., FJVC Center, Ward (4), BTHG
CountryMyanmar (Burma)
Address
Full address422/426(Rm 2), 2nd Flr, Strand Rd., Corner of Botahtaung Pagoda St., FJVC Center, Ward (4), BTHG
Citynot available
Street address422/426(Rm 2), 2nd Flr, Strand Rd., Corner of Botahtaung Pagoda St., FJVC Center, Ward (4), BTHG
Countrynot available

Sanctions

Sanction
AuthorityEuropean External Action Service
ProgramMMR
Start date
End datenot available
CountryEuropean Union
Listing date
Reason2021/998 (OJ L219I)
Source linkeur-lex.europa.eu
Sanction
AuthorityState Secretariat for Economic Affairs (SECO)
ProgramOrdinance of 17 October 2018 on measures against Myanmar (SR 946.231.157.5), annex 1
Start datenot available
End datenot available
CountrySwitzerland
Modified on
Source linkwww.seco.admin.ch

Data sources

Switzerland · 3,475 targets

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France · 2,514 targets

The register lists all persons, entities and vessels subject to asset freezing measures in force on French territory, pursuant to national, European and international (UN) provisions.

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European Union · 2,360 targets

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Details