24th november 2021 – On the lookout for expansion in the cultivated agarwood plantation, Dadvance Agarwood Solutions Sdn. Bhd. through its unique joint-venture business model has successfully inked a deal to inoculate an agarwood plantation site in Kulim, Kedah.
This will be the company’s highest Aquilaria trees inoculated with 2,000 trees in total after Tehel which is only 1,500 trees.
The inoculation project will be completed in two months. Through this JV, it will also strengthen the company’s position in the cultivated agarwood plantation and portfolio of having more than 10,000 aquilaria trees under its asset.
According to the company’s managing director – Mr.David Liew – by adding this site into our portfolio, we can strategically position our company in the cultivated agarwood plantation and most importantly to ensure a continuous supply to cater to the global demand.
One of the landowners – Mr.Loo said “I knew David for more than 10 years and I’ve seen his dedication and hard work in this agarwood plantation and how his inoculation vaccine improve tremendously over the years.”