CEO Morning Brief

Ancom Nylex Teams Up With MIMOS and German Firm to Furnish Digital Agriculture Solutions

edgeinvest
Publish date: Thu, 07 Sep 2023, 08:57 AM
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TheEdge CEO Morning Brief
HELM AG marketing and project director Yves Florian Wolf, MIMOS Bhd president and chief executive officer Dr Iskandar Samad, as well as Ancom Nylex Bhd executive chairman Datuk Siew Ka Wei exchanging documents during the memorandum of understanding signing ceremony at MIMOS on Tuesday.

KUALA LUMPUR (Sept 6): Chemical manufacturing group Ancom Nylex Bhd is teaming up with MIMOS Bhd and German crop protection and fertiliser group HELM AG to apply digital agriculture solutions through SKYFLD, a digital agriculture platform.

In a statement on Tuesday, Ancom Nylex said SKYFLD is HELM AG’s precision farming platform, which enables farmers to map their fields and monitor crop health using satellite data.

It said this data is used to improve yields by targeting fertiliser and crop treatments.

Aside from optimising the use of these inputs, farmers can monitor biomass performance and health to identify and investigate critical zones and take countermeasures.

Ancom Nylex executive chairman Datuk Siew Ka Wei this will help farmers to improve their yield while reducing the environmental impact of farming by cutting waste and addressing issues like agricultural run-off.

“The rising costs of fertilisers and chemicals have significantly affected farmers’ livelihoods. We believe digital agriculture is one of the ways to improve their sustainability and to ensure sufficient food production and the country’s food security,” added Siew.

Meanwhile, HELM chief executive officer Stephan Schnabel said with the partnership, "we aim to increase agricultural productivity across the country, support farmers and thereby contribute socially and environmentally by reducing the footprint of agriculture".

“Malaysia, with its economic growth and favourable business environment, is a perfect hub for HELM to strengthen its presence in Southeast Asia further,” Schnabel added.

He said HELM will be able to gain a deeper understanding of local practices to help identify the best use cases for Malaysia.

Source: TheEdge - 7 Sep 2023

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