Ekuinas Invests Rm37 Mln From Dana Asas Fund In Agricultural Machinery Company

KUALA LUMPUR, May 16 (Bernama) -- Ekuiti Nasional Bhd (Ekuinas) has invested RM37 million in Mizou Holdings Sdn Bhd, a Malaysian company specialising in industrial machinery development for the upstream palm oil industry.

This marks Ekuinas’ second investment under its RM100 million Dana Asas fund, which targets high-growth mid-market bumiputera companies.

Ekuinas chief executive officer Datuk Syed Yasir Arafat Syed Abd Kadir said Mizou offers innovative solutions for the niche upstream palm oil industry, with potential expansion into other agricultural sectors.

“We deeply value the founders’ vision, capabilities and determination to enhance productivity in the upstream palm oil plantation value chain and are proud to collaborate with them in this endeavour," he said in a statement.

Syed Yasir noted the industry trend towards mechanisation, driven by increasing demand from local and regional players seeking to improve productivity and reduce production costs.

He said Mizou’s successful commercialisation of their tractors and endorsement from key plantation players demonstrate both the product’s viability and promising prospects.

Mizou managing director Shamshuri Abdul Majid said Ekuinas’ investment would strengthen the company's position as a leading provider of palm oil plantation machinery suitable for various terrains.

“Given the evolving needs of the palm oil sector, we anticipate benefiting from the growing adoption of mechanised equipment by local and regional plantation players,” he added.

Since its establishment in 2001, Mizou has developed and commercialised 11 specialised tractor variants designed for infield Fresh Fruit Bunch collection. 

These tractors are tailored to navigate diverse palm oil plantation terrains, including peat soil, terraced and hilly areas, as well as flat and undulating land.

-- BERNAMA