PETALING JAYA: Kulim Bhd has consolidated its entire plantation operations under the umbrella of its subsidiary Johor Plantation Bhd, formerly known as Mahamurni Plantations Sdn Bhd.
This move will see Johor Plantations manage Kulim’s landbank of over 60,000ha, 23 estates and five mills, as well as trading and services activities in Malaysia, in addition to its renewable energy initiatives comprising a biomethane plant and five biogas plants.
In a statement, Kulim said this was part of a business transformation initiative.
Apart from establishing Kulim as the agribusiness group of its parent company Johor Corp (JCorp), 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.
Under the restructuring, Kulim’s agrofood segment, which includes agro farming and livestock operations, will be placed under Farmbyte Sdn Bhd.
“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,” the group reassured.
Meanwhile, on the renaming of its subsidiary to Johor Plantation, Kulim believes that it 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 the state of Johor,” the statement noted.
It added that Johor Plantation had close business relationships with smallholders in Johor.
Johor Plantations has appointed Mohd Faris Adli Shukery, who is also Kulim’s director, as its managing director (MD).
Mohd Faris joined Kulim in October 2020 as its MD and was tasked to spearhead its reorganisation and transformation agenda.
Kulim chairman Tan Sri Ismail Bakar, on the other hand, will lead Johor Plantations’ board of directors, which comprises four non-independent directors and six independent directors.
