Our Business

In 2006, the Company disposed of its downstream wood product assets and operation to refocus on oil palm industry.  The Company is currently undertaking planting and development of 22,763 hectares of forest reserve land in the Luasong district, Tawau, Sabah, of which an estimated 13,000 hectares are suitable for oil palm plantings.

As at 31 December 2016, a total of 11,905 hectares have been planted of which 9,542 hectares are already matured and another 1,160 hectares will come into maturity during 2017. The company plans to plant up the balance of 896 hectares of plantable land in 2017/8. This will bring total hectarage to 12,801 hectares on completion of planting. The company has commissioned the 60/90 mt FFB/hr palm oil mill which commenced commercial operation on 18 December 2014. The oil extraction rate achieved since commencement of operations has been most encouraging.

The Company has in 2006 entered into a eco-logging extraction contract with Rakyat Berjaya Sdn Bhd (a subsidiary of Innoprise Corporation Sdn. Bhd., a major shareholder) to log 30,000 hectares of Kuamut Forest Reserve over a period of 10 years. This operation ceased in June 2016 on expiry of the logging contract.