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Saturday, 14 November 2026

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DXN Turns to Venezuela to Explore New Latin American Raw Material Sources

DXN will assess raw material sourcing, processing and halal cooperation with Venezuela’s La Guaira Special Economic Zone, without an investment commitment.

By TLA AI Editor3 min read

Kuala Lumpur, 13 November 2026 – DXN Holdings Bhd is exploring whether Venezuela can become a future source of agricultural raw materials and a base for related processing, as the Malaysian wellness group looks to strengthen supply options in a region that generated 61.2% of its gross revenue in FY2026. The company said its memorandum of understanding with Venezuela’s La Guaira Special Economic Zone is a framework for examining potential cooperation, not a commitment to invest or build facilities.

The proposed areas span sustainable agriculture, aquaculture, agro-processing and manufacturing. DXN said the parties will assess whether local sourcing and processing could support its regional manufacturing operations. The announcement does not identify specific crops, products, facilities, investment amounts or a timetable, leaving the commercial shape of the work to be determined through further assessment.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.