Perak: Wide Agro Ventures Sdn Bhd has partnered with Orec Co Ltd, a company headquartered in Fukuoka, Japan, to establish a new state-of-the-art production facility and distribution centre at Seri Iskandar Industrial Park, Perak with an initial investment of RM30 million.
According to BERNAMA News Agency, the Malaysian Investment Development Authority (MIDA) announced that the joint initiative between Malaysia and Japan was unveiled through the signing of a memorandum of understanding (MoU) at the World Expo 2025 in Osaka. The strategic initiative aims to significantly expand production capacity and enhance the productivity of Malaysia’s agriculture sector, particularly the palm oil industry. Through the MoU, Orec will provide cutting-edge technology to Wide Agro Ventures for the production and distribution of agricultural machinery and equipment in Malaysia and the regional market, strengthening their position as key players in the global machinery and equipment industry.
MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid stated that the Seri Iskandar facility is poised to become a cornerstone in the sector, acting as a catalyst for greater industrial capacity, technology transfer, and export competitiveness. By combining Japanese engineering excellence with Malaysian expertise, the initiative aims to build a resilient and forward-looking value chain. This development is expected to enhance productivity in the palm oil sector and beyond, while creating opportunities for local talents, businesses, and the wider community.
He further noted that Seri Iskandar offers a strategic platform aligned with Malaysia’s national agenda to advance mechanisation and digitalisation in agriculture, positioning the country as a regional hub for high-value machinery manufacturing. Wide Agro Ventures chief executive officer Ahmad Fadzil Mustafa remarked that this investment marks a significant milestone in the company’s journey in Malaysia. By expanding manufacturing capabilities in Perak, the company is reinforcing its commitment to local industrial development and advancing its mission to deliver sustainable agriculture solutions across the region.
Meanwhile, Perak Menteri Besar Datuk Seri Saarani Mohamad highlighted the significance of Perak’s agricultural sector in the state’s economy, contributing 14.2 per cent to gross domestic product. With the production of sophisticated machinery and equipment, the initiative is expected to enhance efficiency and productivity, thereby boosting the sector’s contribution to food security and exports, particularly in palm oil.