PETALING JAYA: Johor Plantations Group Bhd
has signed a memorandum of understanding (MoU) with YPJ Plantations Sdn Bhd (YPJP) and PIJ Holdings Sdn Bhd (PIJH) to enhance cooperation and drive transformation in Johor’s palm oil sector.
Both YPJP and PIJH are Johor state government-linked companies.
In a statement, Johor Plantations said the collaboration covers about 13,202 ha under YPJP and PIJH.
The partnership will focus on improving plantation productivity through fresh fruit bunch (FFB) procurement and processing, sustainability advisory services with an emphasis on Roundtable on Sustainable Palm Oil (RSPO) certification, and the adoption of digital technologies, agronomic practices and mechanisation.
Additionally, the partners will explore centralised procurement of key inputs such as fertilisers, and implement training and upskilling programmes for plantation workers to support long-term growth.
According to Johor Agriculture, Agro-based Industry and Rural Development Committee chairman Datuk Zahari Sarip, the signing of the MoU reflects a shared commitment to building an inclusive and resilient agribusiness ecosystem, particularly in the palm oil sector.
Representing Johor Mentri Besar Datuk Onn Hafiz Ghazi at the signing, Zahari said the collaboration not only strengthens corporate growth but also supports the state’s priorities in sustainability, digitalisation, and human capital development.
He added that the partnership’s strong focus on technical and vocational education and training, as well as workforce upskilling, would create quality job opportunities for Johor’s youth while advancing the state’s Green Deal agenda and positioning Johor as a leader in sustainable agribusiness.
Meanwhile, Johor Plantations managing director Mohd Faris Adli Shukery said: “Johor Plantations is committed to working closely with Johor state entities in building a more efficient and sustainable agribusiness ecosystem.
“By leveraging shared resources and expertise, we aim to enhance productivity, promote sustainable practices and uplift the capabilities of our plantation workforce.
“This partnership is a step forward in fostering collaboration that benefits the broader Johor agricultural sector.”
Johor Plantations posted a higher net profit of RM75.93mil in the first quarter ended March 31, 2025 (1Q25), compared to RM49.97mil in the previous corresponding period.
In a filing with the local bourse on its 1Q25 financial performance in May, the company said the surge in net profit was due to higher crude palm oil and palm kernel prices.
Revenue in 1Q25 rose to RM340.43mil from RM294.91mil in the same period last year.
