Kulim (Malaysia) Berhad has announced that it has consolidated all of its plantation business under its subsidiary Johor Plantations Berhad (formerly known as Mahamurni Plantations Sdn Bhd).
The move is a result of a business transformation that involves Johor Plantations managing KULIM’s landbank of more than 60,000 ha, 23 estates, five mills, and trading & services activities in Malaysia, including its renewable energy initiatives comprising a biomethane plant and five biogas plants.
The renaming of the subsidiary’s name to Johor Plantations is in line with its vision to be widely recognised as an integrated plantation company that produces high-quality, sustainable, and traceable specialty 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. This includes the close business relationship the company has with Johor smallholders.
Subsequently, the group has appointed Mohd Faris Adli Shukery as its Managing Director. He joined KULIM in October 2020 as Managing Director and was tasked to spearhead its reorganisation and transformation agenda. Mohd Faris will also continue with KULIM as a Non-Independent Non-Executive Director.
Tan Sri Dr Ismail Bakar, who was appointed as the Chairman of KULIM in May 2022, will lead the Johor Plantations board of directors. The 10-person board of directors comprises four non-independent directors and six independent directors.
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. It also establishes KULIM as the agribusiness group of its parent company Johor Corporation (JCorp).
Under the restructuring, KULIM’s agrofood segment, which includes agro farming and livestock operations, is placed under Farmbyte Sdn Bhd (FarmByte) and managed by Chief Executive Officer Syed Aiman Syed Jaafar.
