KULIM BHD CONSOLIDATES PLANTATION BUSINESS UNDER JOHOR PLANTATIONS

KUALA LUMPUR, March 24 (Bernama) -- Kulim (Malaysia) Bhd has consolidated all of its plantation business under its subsidiary Johor Plantations Bhd, formerly known as Mahamurni Plantations Sdn Bhd.

In a statement Thursday, Kulim said the move was a result of a business transformation at Kulim, which involved Johor Plantations managing Kulim’s land bank of more than 60,000 hectares, 23 estates, five mills, and trading and services activities in Malaysia, including its renewable energy initiatives comprising a biomethane plant and five biogas plants.

“The renaming of the subsidiary’s name to Johor Plantations is in line with its vision to be widely recognised as an integrated plantation company that produces high-quality, sustainable, and traceable speciality oils and fats.

“The new name gives the company a sense of origin since its estates, mills and operations are almost entirely located in Johor. This includes the close business relationship the company has with Johor smallholders,” it said.

Kulim said Johor Plantations has appointed Mohd Faris Adli Shukery as its managing director.

“Mohd Faris joined Kulim in October 2020 as managing director. He will also continue with Kulim as a non-independent non-executive director,” it added.

The reorganisation is a part of Kulim’s ongoing five-year business transformation to be a progressive, efficient, profitable, and respectable agribusiness company in the region, as well as establishing the company as the agribusiness group of its parent company Johor Corporation (JCorp).

Under the restructuring, Kulim said its agro-food segment, which includes agro-farming and livestock operations, is placed under Farmbyte Sdn Bhd and managed by chief executive officer Syed Aiman Syed Jaafar.

“With the reorganisation, stakeholders and customers can expect the same high level of service from Johor Plantations and FarmByte that they have come to expect from Kulim,” it said.

-- BERNAMA