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 2,734 hectares, representing 12% 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) Sabah
Plantation Operations
Area statement
| 2023 (Ha) | 2022 (Ha) | 2021 (Ha) | 2020 (Ha) | 2019 (Ha) | ||
|---|---|---|---|---|---|---|
|
Oil Palm |
Mature |
12,190 |
11,985 |
11,599 |
11,505 |
11,260 |
|
|
Immature |
56 |
261 |
659 |
753 |
948 |
|
|
Total |
12,246 |
12,246 |
12,258 |
12,258 |
12,208 |
|
|
|
|
|
|
|
|
|
Laran Tree |
Planted |
2,734 |
2,095 |
1,404 |
568 |
– |
|
|
Total |
2,734 |
2,095 |
1,404 |
568 |
– |
|
|
|
|
|
|
|
|
|
|
Others |
7,783 |
8,422 |
9,101 |
9,937 |
10,555 |
|
|
Total Area |
22,763 |
22,763 |
22,763 |
22,763 |
22,763 |
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) | |
|---|---|---|---|---|---|---|---|
|
Immature |
6 |
40 |
– |
– |
10 |
– |
56 |
|
Young Mature |
39 |
80 |
– |
553 |
185 |
– |
857 |
|
Prime Mature |
1,764 |
2,191 |
2,092 |
1,747 |
2,076 |
1,463 |
11,333 |
|
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
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
|
FFB Processed (MT) |
274,794 |
245,032 |
240,501 |
241,106 |
229,918 |
|
Mill Production (MT) |
|
|
|
|
|
|
– CPO |
54,467 |
48,196 |
48,765 |
52,083 |
52,394 |
|
– PK |
9,430 |
8,126 |
7,441 |
7,701 |
8,016 |
|
Extraction Rates (%) |
|
|
|
|
|
|
– CPO |
19.82 |
19.67 |
20.28 |
21.60 |
22.79 |
|
– PK |
3.43 |
3.32 |
3.09 |
3.19 |
3.49 |
|
Average Selling Price (RM/MT): |
|
|
|
|
|
|
– CPO |
3,828 |
4,968 |
4,374 |
2,702 |
2,086 |
|
– PK |
1,975 |
3,129 |
2,835 |
1,518 |
1,183 |
|
Sales Volume (MT) |
|
|
|
|
|
|
– CPO |
54,424 |
48,838 |
47,625 |
52,920 |
51,940 |
|
– PK |
9,509 |
8,091 |
7,390 |
7,773 |
7,962 |