Genting Plantations Makes an Investment in Green World Genetics

GWG is recognised as one of the few pioneering organisations in the region that engages in multi-disciplinary crop research programmes.

Genting Plantations Makes an Investment in Green World Genetics
Photo by Jodie Righos / Unsplash

KUALA LUMPUR, 6 September 2022 – Genting Plantations Bhd  today said that it has invested in a joint control stake in Green World Genetics Sdn Bhd with the aim to establish Malaysia as an important regional seed hub.

Beyond that, the deal will allow the two companies to also address the issue of national food security through the development of new crop varieties.

GENP’s association with life sciences dates back to 2006 when it drove its maiden foray into the fields of biotechnology and genomics to improve the yields and returns from oil palm.

Being one of the early purveyors of life sciences and a firm believer in technology and innovation, GENP has achieved many milestones and recognitions such as being the first in the world to sequence the Oil Palm, Jatropha and Ganoderma genomes, coupled with the development of high yielding and Ganoderma resistant palms.

Over the years, the above initiative has significantly expanded into other food as well as non-food crops and evolved to take advantage of new technologies such as Big Data, IoT and AI. This integrated Agriculture Technology approach has holistically enhanced its agricultural research and development to a new level.

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Meanwhile, GWG is recognised as one of the few pioneering organisations in the region that engages in multi-disciplinary crop research programmes.

Since its incorporation in 2007, GWG has expanded its diversified operations across the Asia Pacific region and engages with breeders from the United States, China, Thailand and Mexico in seed research and development.

The company currently operates a total of 14 research centres and stations engaging in activities such as breeding, hybrid production, evaluation and stock seed multiplication for a wide range of commercial crops.

“Our investment in GWG brings together GENP’s deep genomic knowledge and GWG’s extensive germplasm collection for the development and commercialisation of optimised food crop varieties that are suitable for cultivation in tropical regions. The strategic initiative is expected to accelerate both companies’ efforts in multi-disciplinary crop improvement research programmes using biotechnological tools such as molecular marker-assisted selection,” says Tan Kong Han, Chief Executive of GENP.

Innovative Technologies

GWG’s Chief Executive Officer Dr Chua Kim Aik says quality seeds are the key to a good harvest; hence GWG’s business focus is to develop high quality hybrid seeds though innovative technologies to enhance the genetic profile of crops to reduce biotic constraints such as diseases and pests, increase yield, and improve crop nutritional value and eating quality.

“GWG is excited to embark on our next phase of growth by leveraging on GENP’s genomics expertise to fast track our efforts on crop improvement and seed development.”

The initiative is timely, in view of the growing issue of global food security arising from global climate anomalies as well as disruptions in supply chains due to the COVID-19 pandemic and protracted geo-political uncertainties.