FGV: FCAV LAUNCHED, TO BE DEVELOPED INTO INTEGRATED LARGE-SCALE FARMING
KUALA LUMPUR, June 25 -- FGV Holdings Bhd has launched FGV Chuping Agro Valley (FCAV) in conjunction with the council meeting of the Northern Corridor Implementation Authority today.
FGV Integrated Farming Holdings Sdn Bhd (FGVIF), a wholly-owned subsidiary of FGV, is planning to transform Chuping into a large-scale farming area for major agriculture activities.
“The aim is to develop an integrated high-value cash crop plantation and the potential development of fully integrated large-scale dairy farming.
“FCAV’s development will be in line with the Northern Corridor Economic Region (NCER) Agriculture Economic Zone (NAEZ) which will be a new investment destination for the private sector, both local and international, in the region and supported by various government initiatives,” FGV said in a filing with Bursa Malaysia.
The fully integrated agro food project by FGV will promote sustainable food and agricultural best practices via strategic implementation of circular economy initiatives within the FCAV value chain.
It will also provide opportunities for better livelihood for the local community and assuring food security for the country.
“The company shall make further announcements if there are any material development in respect of this matter,” it added.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
