Our Business

Business Overview

The Group is principally involved in cultivation of oil palm, processing of Fresh Fruits Bunches (“FFB”) to produce crude palm oil (“CPO”) and palm kernel (“PK”). The Group is presently undertaking planting and development on 22,763 hectares of land of which approximately 12,246 hectares are suitable for oil palm planting. Plantation operation is organised under six (6) estates, namely Imbak, Gunung Rara, Labau, Maliau, Lokan and Luasong estates and one (1) palm oil mill with capacity of 60/90 MT FFB per hour. All are located in the locality of Gunung Rara/Kalabakan, Sabah.

Another 3,389 hectares, representing 15% of the land, is being utilised for Industrial Tree Plantations (“ITP”). ITP plays an essential role in providing a viable solution for the growing wood demand, providing sustainable livelihoods and benefits for communities, and protecting natural forests. Aside from the ecological and economic benefit it brings, this would assist in mitigating the impact of climate change, which is a critical issue faced on a global front.

The Group constantly works together with our industry peers to further the sector’s sustainability agendas. As such, the Group is a proud member of several associations and professional bodies as follows:

  • Malaysian Sustainable Palm Oil (“MSPO”)
  • East Malaysia Planters’ Association
  • Malaysian lnternational Chamber of Commerce and Industry (MICCI) Sabah3

Plantation Operations

Planted Area

2024 (Ha) 2023 (Ha) 2022 (Ha) 2021 (Ha) 2020 (Ha)
Oil Palm
Mature
12,246
12,190
11,985
11,599
11,505
Immature
56
261
659
753
Total
12,246
12,246
12,246
12,258
12,258

Oil Palm Maturity Profile

Imbak Estate (Ha) Labau Estate (Ha) Maliau Estate (Ha) Lokan Estate (Ha) Luasong Estate (Ha) Gunung Rara Estate (Ha) Total (Ha)
Young Mature
6
96
553
81
736
Prime Mature
1,803
2,215
2,092
1,747
2,190
1,463
11,510
Total
1,809
2,311
2,092
2,300
2,271
1,463
12,246

Palm Oil Mill Operations

The Group operates a 60/90 MT FFB per hour palm oil mill which commenced commercial operation on 17 December 2014.

Mill processing statistics

2024 2023 2022 2021 2020
FFB Processed (MT)
274,625
274,794
245,032
240,501
241,106
Mill Production (MT)
– CPO
58,881
54,467
48,196
48,765
52,083
– PK
10,056
9,430
8,126
7,441
7,701
Extraction Rates (%)
– CPO
21.44
19.82
19.67
20.28
21.60
– PK
3.66
3.43
3.32
3.09
3.19
Average Selling Price (RM/MT):
– CPO
4,233
3,828
4,968
4,374
2,702
– PK
2,637
1,975
3,129
2,835
1,518
Sales Volume (MT)
– CPO
59,277
54,424
48,838
47,625
52,920
– PK
10,056
9,509
8,091
7,390
7,773

Industrial-Tree Plantations

2024 (Ha) 2023 (Ha) 2022 (Ha) 2021 (Ha) 2020 (Ha)
Laran Tree
Planted
3,389
2,734
2,095
1,404
568
Total
3,389
2,734
2,095
1,404
568