PLS Plantation to reduce palm oil business to 15pct

Publish date: Thu, 02 Feb 2023, 06:01 PM

KUALA LUMPUR: Ekovest Bhd's subsidiary, PLS Plantation Bhd is planning to reduce its oil palm plantation business from 80 per cent currently to just about 15 per cent over the next few years.

Ekovest group executive chairman Tan Sri Lim Kang Hoo said for now, most of the company's revenue is still dominated by oil palm.

"The company will gradually diversify its crop to include durian, pineapple, bananas and other crops that are also important in the government's food security initiative," he told reporters during Ekovest group's Chinese New Year open house at the EkoCheras Mall today.

Lim added that the company is also looking forward to exploring the durian market's huge export potential.

"There is a big market for durian in countries such as China, Japan, South Korea and also Australia," he said.

Also present was PLS Plantation Bhd group chairman, Tan Sri Mohamed Nazir Razak.

  - Bernama

Labels: PLS

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