2018 | Quarter 2
JPB Enters MoU with JCorp to
Consolidate Logistics Centre for Muar Furniture Hub
Dear Personnel of MMC Group of Companies,
On 2 April 2018, Johor Port Berhad (JPB), a Member of MMC Group signed a Memorandum of Understanding (MoU) with Johor’s state investment firm, Johor Corporation (JCorp), to establish a strategic collaboration on Muar Furniture Park in Muar, Johor.
The MoU was signed by En Shahrull Allam Shah Abdul Halim, Chief Executive Officer of JPB and En Zulkifli Ibrahim, Senior Vice President/Chief Executive Industrial Development Division of JCorp. The MoU exchange ceremony was held in conjunction with the opening of Muar Furniture Park, in the presence of YAB Dato’ Sri Mohd Najib Tun Abdul Razak, Prime Minister of Malaysia.
The terms of the MoU included collaboration to conduct a feasibility study for the purpose of ascertaining the potential and commercial viability of the proposed Consolidated Logistics Centre for Muar Furniture Hub.
At present, the park is being developed by TPM Technopark Sdn Bhd, a subsidiary of Johor Corp, on a 399.2 hectare land in Bakri. It is expected to be ready in mid-
JPB sees the expansion of its footprint and market reach opportunity in Muar Furniture Park. Hence, the strategic collaboration will serve as a platform to exchange knowledge and expertise that will be of invaluable benefit to both companies. Apart from that, the projects will also serve as a catalyst for JPB to play a bigger role in being the Strategic Logistics Partner to JCorp which include JPB as One Stop Logistical Solutions to all shippers and manufacturers situated within the Muar Furniture Park.