PLS Plantations Bhd has plans to develop Malaysia's largest banana plantation. Its Brighthill Synergy Sdn Bhd has entered into a strategic partnership with Agrofresh Management Sdn Bhd on the prospect. Agrofresh is a wholly-owned subsidiary of Agrofresh International Sdn Bhd, which is extensively involved in the full value chain of the agriculture-based industry. It specializes in Cavendish bananas, boasting a rich portfolio of activities encompassing R&D, seedlings, plantation, packaging, trading, and exporting to China, Europe and Middle East.
They have formed a new company named PLS Agrofresh Sdn Bhd, with PLS Plantations holding 60 per cent stake and the balance by Agrofresh. PLS Agrofresh will develop, operate, maintain and harvest an initial 200-ha banana plantation.
PLS Plantations group chief Executive officer Lee Hun Kheng said it seeks to become one of the largest banana planters in Malaysia: "As part of the group's strategic collaboration with Agrofresh, PLS Agrofresh is assembling a team of experienced technical experts specialising in the development and operation of banana plantation with international standard from the Philippines.”
Source: nst.com.my