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Sarawak Oil Palms, Malaysia

Jan. 14, 2011 3:56 PM ET
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Sarawak Oil Palms Berhad is a Malaysia-based company engaged in the cultivation of oil palms and the operations of palm oil mills in Malaysia.

During the year ended December 31, 2009, the Company planted a total of 54,252 hectares of oil palms, of which 31,766 hectares were mature and 22,486 hectares were immature. In 2009, the Company produced 663,50 tons, 225,056 tons, 45,562 tons of fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernels, respectively.

In August 2009, the Company completed the acquisition of the entire issued share capital of SOP Properties Sdn Bhd., which owned 11.454 hectares of land in Miri for property development.

Ebeling Heffernan has upgraded the 2011 growth target for Palm Oil.

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