OSAKA, Japan, June 19 (Bernama) -- Wide Agro Ventures Sdn. Bhd., a Malaysian-based company has sealed a strategic partnership 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 on 18 June 2025.

This joint initiative was unveiled through the signing of a Memorandum of Understanding (MoU) at the World Expo 2025 in Osaka. The ceremony, held at the Expo’s Business Hall, drew high-level representation from both governments. It was officiated in the presence of  Yang Berhormat Dato’ Salbiah Mohamed, Perak State Executive Chairman for Women, Family, Social Welfare and Entrepreneur Development (attending on behalf of Yang Amat Berhormat Dato' Seri Saarani Mohamad, Menteri Besar of Perak), along with senior officials including Yang Berbahagia Dato’ Dr. Roslan bin Mahmood, Senior Division Secretary of the Ministry of Rural and Regional Development, Mr. Mohamad Hashim Abdul Ghani, CEO of InvestPerak Malaysia and Mr. Gulam Muszairi Gulam Mustakim, MIDA Osaka Director. 
 
Yang Amat Berhormat Dato' Seri Saarani Mohamad, Menteri Besar of Perak, highlighted, "Perak is a land of grace with huge agriculture activity consisting of palm oil, rubber and paddy. Perak's agricultural sector is a significant part of the state's economy, contributing 14.2% to GDP. It plays a vital role in food security and exports, with palm oil being a major export. By producing sophisticated machinery and equipment, it will leapfrog the contribution of this sector by enhancing efficiency and productivity nationwide”. 

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, underscored the broader implications of the partnership, “This strategic partnership marks a timely and impactful investment that will strengthen Malaysia’s capabilities in agricultural machinery manufacturing. 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 complementing Japanese engineering excellence with Malaysian expertise, we are building a resilient and forward-looking value chain. This will enhance productivity in the palm oil sector and beyond, while opening doors for local talents, businesses and the wider community to thrive. Seri Iskandar offers a strategic platform aligned with our national agenda to advance mechanisation and digitalisation in agriculture, and to position Malaysia as a regional hub for high-value machinery manufacturing”.
 
Mr. Ahmad Fadzil Mustafa, CEO of Wide Agro Ventures Sdn. Bhd. commented “This investment marks a significant milestone in the company’s journey in Malaysia. By expanding our manufacturing capabilities in Perak, we are not only reinforcing our commitment to local industrial development but also advancing our mission to deliver light and sustainable agriculture solutions across the region. We believe in transforming the agriculture sector with better technology, responsibly, sustainably, innovatively, and collaboratively with our partner from Japan.”
 
This strategic initiative will significantly expand the production capacity and enhance the productivity of Malaysia’s agriculture sector—particularly the palm oil industry—in the coming years. Through the MoU, Orec Co. Ltd will provide cutting-edge technology to Wide Agro Ventures Sdn. Bhd. 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. 

SOURCE: Malaysian Investment Development Authority (MIDA)

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