Wide Agro Ventures, Japan’s Orec To Invest RM30 Mln In Perak Production Hub
KUALA LUMPUR, June 19 (Bernama) -- Wide Agro Ventures Sdn Bhd has partnered with Orec Co Ltd, a company headquartered in Fukuoka, Japan, to establish a new state-of-the-art production facility and distribution centre at Seri Iskandar Industrial Park, Perak with an initial investment of RM30 million.
Malaysian Investment Development Authority (MIDA) said the joint initiative between Malaysia and Japan was unveiled through the signing of a memorandum of understanding (MoU) at the World Expo 2025 in Osaka.
"This strategic initiative will significantly expand the production capacity and enhance the productivity of Malaysia’s agriculture sector, particularly the palm oil industry in the coming years.
“Through the MoU, Orec will provide cutting-edge technology to Wide Agro Ventures for the production and distribution of agricultural machinery and equipment in Malaysia and the regional market, strengthening their position as key players in the global machinery and equipment industry," it said in a statement today.
MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the Seri Iskandar facility is poised to become a cornerstone in the sector, acting as a catalyst for greater industrial capacity, technology transfer and export competitiveness.
“By complementing Japanese engineering excellence with Malaysian expertise, we are building a resilient and forward-looking value chain.
“This will enhance productivity in the palm oil sector and beyond, while opening doors for local talents, businesses and the wider community to thrive,” he said.
He added that Seri Iskandar offers a strategic platform aligned with our national agenda to advance mechanisation and digitalisation in agriculture, and to position Malaysia as a regional hub for high-value machinery manufacturing.
Wide Agro Ventures chief executive officer Ahmad Fadzil Mustafa said this investment marks a significant milestone in the company’s journey in Malaysia.
“By expanding our manufacturing capabilities in Perak, we are not only reinforcing our commitment to local industrial development but also advancing our mission to deliver light and sustainable agriculture solutions across the region.
"We believe in transforming the agriculture sector with better technology, responsibly, sustainably, innovatively and collaboratively with our partner from Japan,” he said.
Meanwhile, Perak Menteri Besar Datuk Seri Saarani Mohamad said Perak is a land of grace with huge agriculture activity consisting of palm oil, rubber and paddy.
Perak's agricultural sector is a significant part of the state's economy, contributing 14.2 per cent to gross domestic product.
“It plays a vital role in food security and exports, with palm oil being a major export.
“By producing sophisticated machinery and equipment, it will leapfrog the contribution of this sector by enhancing efficiency and productivity nationwide,” he said.
-- BERNAMA