JAKARTA: Kuala Lumpur Kepong Plantation Holdings Sdn Bhd, a unit of Kuala Lumpur Kepong Bhd (KLK), yesterday signed an accord with the Indonesian state planter PT Perkebunan Nusantara II (PTPN II) to produce oil and rubber in North Sumatra.
Quoting a statement by PTPN II, Bloomberg reported that the companies signed a 30-year agreement, creating a venture called PT Langkat Nusantara Kepong, in which PTPN II will have a 40% share and KL Kepong, the remainder.
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