|Plantation Location||No. of Plantations|
Asia Plantation Capital
Agarwood, also known as ‘gaharu’ in Malaysia, is not new to the region. It grows well in the country and has been used in traditional local medicine as a carminative, a stimulant, a tonic, for palpitations of the heart and pain in the chest for hundreds of years. Malaysia’s familiarity with agarwood has led to be one of the global leaders in using agarwood for modern medicinal products, with over 200 products registered with the Ministry of Health in Malaysia containing Aquilaria, between 1985 and 2005.
APC sees Malaysia as an integral part of the company’s expansion plans. APC entered Malaysia in 2015 and currently has plantations located in the state of Johor. It also has various joint ventures with local plantations that lack the necessary skills and expertise to set up and manage their own agarwood plantations. One such joint venture has been established in the state of Negeri Sembilan, just south of Kuala Lumpur.
Malaysia is also home to APC’s state of the art, purpose-built Agarwood (gaharu) factory and research centre, located in Johor, Malaysia. The multimillion US dollar investment is integral to the company’s strategic expansion of its Malaysian plantations and production capacity. The factory has been equipped with the latest heat exchange steam distillation units using purified water, and a clean energy solar power system is being installed to ensure maximum economic efficiency.