[KUALA LUMPUR] Consumers in Singapore and Malaysia will soon be able to enjoy fresh vegetables produced by vertical farms in Johor Bahru that use technology developed by Singapore agritech company Archisen This after Archisen and FarmByte, a Malaysian agri-food company under the Johor Corporation Group (JCorp) recently signed an agreement to set up an automated vertical indoor farm in Johor Bahru
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FarmByte Sdn Bhd, a digital-first agrofood company within the Johor Corporation (JCorp) Group, signed a Heads of Agreement (HOA) with Archisen Pte Ltd, an agritech company based in Singapore, proposing a FarmByte investment of RM8.2 million (SG$2.4 million) into Archisen and the establishment of an automated vertical indoor farm through a joint venture in Johor, Malaysia.
The investment was signed on Nov 13 at the Asia Pacific Climate Week (APCW) gathering in Johor. The parties earlier inked an MoA in Aug.