Johor Plantations posted a higher net profit of RM77.11mil for 3Q24.
PETALING JAYA: Johor Plantations Group Bhd
(JPG) has appointed Johor Corp’s indirect subsidiary, JL Projects Sdn Bhd, as the project management consortium (PMC) for the construction of an integrated sustainable palm oil complex, worth RM30.99mil.
In a filing with Bursa Malaysia, JPG said the PMC appointment is in connection with the construction of its palm oil complex at the Pasir Logok Estate, in Johor.
JPG said the contract period is for three years.
It added that the palm-oil complex is a large-scale facility that combines several stages of the palm oil production process in a single location and will enable the group to improve its overall efficiency and cost effectiveness in terms of reduced transportation costs, diversify its product offerings and enhance its competitiveness in the plantation market in Johor.
“The proposed appointment of PMC will allow JL Projects to oversee the construction of the complex on the Pasir Logok Estate (a Malay reserved land) from the planning phase to project completion.
“JL Projects has considerable experience in managing projects on Malay reserved land, ensuring compliance with the relevant regulations by collaborating closely with government agencies.”
