Bright Packaging in oil palm estate JV

“As at the date of the JVA, the planted area is 579ha out of the 1,152.6ha of estimated total plantable area,” Bright Packaging said in a filing with Bursa Malaysia yesterday.

KUALA LUMPUR: Bright Packaging Industry Bhd has entered into a joint venture agreement (JVA) with a plantation firm in Sarawak.

The project involved the development of 1,921ha in Sarikei with a total plantable area for the purpose of oil palm cultivation estimated at 1,152ha.