KUALA LUMPUR, Malaysia, Aug. 8, 2016 /PRNewswire/ -- Award-winning, sustainable plantation management company, Asia Plantation Capital Berhad (APCB), has signed a strategic partnership agreement with Johor Motorsports Sdn Bhd (JMS), a Malaysian based specialist developer of motor racing circuits and lifestyle-related services catering specifically to motoring enthusiasts. The partnership between the two companies will allow the motor racing facility to achieve its targeted aim of being carbon neutral.
Following its procurement of the Johor Circuit in 2016, JMS has embarked on an ambitious project to redevelop the iconic circuit to become a world-class lifestyle motorsports facility by 2018. The revamped Johor facility will feature an FIA Class 2/FIM Grade B circuit that is 4km in length, comprising 12 turns, and with significant elevation and camber changes.
Under the terms of the JV Agreement, APCB will develop JMS' 50 acres of land at the Johor Circuit, by sustainably growing and managing its plantation. The plantation will consist of Aquilaria trees, from which the highly prized agarwood is derived, as well as bamboo and other crops.
Furthermore, the Johor Circuit will also incorporate multiple, vertical services rarely seen at a motorsports facility, such as F&B, retail shopping, private members club, gated community, vehicle bonded storage, track car rental service, tyre fitting and aftermarket auto services, a skid pan, racing academy, theme park, karting track, off-road trail, onsite fuel station, solar farm, water harvesting and sustainable plantation management - which ensures that the entire site achieves a carbon neutral footprint.
The MOU was signed on the 7th of August 2016, in the presence of His Highness, Tunku Idris Iskandar Ibni Sultan Ibrahim, Tunku Temenggong Johor, who incorporated JMS in 2015.
Steve Watts, CEO of Asia Plantation Capital Berhad, commented, "We are extremely honoured to be partnering with Johor Motorsports Sdn Bhd in the management of their plantations, and to be part of this fascinating project. Aligning with our mission and commitment to 'lead the way in sustainable plantation management', we are confident that this collaboration will be highly successful and add immense value to our presence in Malaysia."
Denis Lian, CEO of Johor Motorsports Sdn Bhd, said, "We are very pleased to enter into this joint venture partnership with Asia Plantation Capital Berhad, as it will fulfil our internal mandate of developing a green and sustainable plantation eco-system within the Johor Circuit. With APC's expertise and plantation management experience, it will not only provide us with a luscious environment - which is not usually associated with a motorsports facility - but it will also be the key to helping us achieve a carbon neutral footprint."
Note to editors:
For further information, please contact:
Samantha Tham
PR & Marketing Executive, Asia Plantation Capital
Email: samantha.tham@asiaplantationcapital.com
Contact no: +65-6222-3386
Lynda Eunos
Marketing and Communications, Johor Motorsports Sdn Bhd
Email: lynda.treecapital@gmail.com
Contact no: +60-7357-1877
About Asia Plantation Capital Berhad
A pioneer in the industry, Asia Plantation Capital Berhad has been cultivating agarwood since 2009, and has the scientific knowledge and the techniques required to stimulate the resinous heartwood of the endangered Aquilaria tree by inoculation. It opened the largest agarwood distillery in Southeast Asia, and has been collaborating with several small to medium-sized plantations in Malaysia that lack the necessary skills and expertise to set up and manage their own Aquilaria tree plantations.
About Johor Motorsports Sdn Bhd
Johor Motorsports Sdn Bhd (JMS), incorporated in 2015 by His Highness, Tunku Idris Iskandar Ibni Sultan Ibrahim, Tunku Temenggong Johor, is located at the port district of Pasir Gudang, in Johor Bahru. The Johor Circuit has, for the past 30 years, been the home of motorsports for the southern region of Malaysia, as well as Singapore.
Photo - http://photos.prnasia.com/prnh/20160808/8521605045-a
Photo - http://photos.prnasia.com/prnh/20160808/85216050450-b
