The Group has a total plantation land bank of 126,692 hectares as at 31 December 2007, of which 40,720 hectares are in Peninsular Malaysia (Johor, Terengganu and Kelantan), 11,303 hectares in Sabah and the remaining 74,669 hectares in Sarawak. As at the end of the year under review, the Group’s profile of the oil palm planted area categorized into immature trees (1 - 3 years), young trees (4 - 8 years), prime age (9 - 18 years), past prime age (19 - 25 years) and due (over 25 years) are presented in Chart B.
In addition, a further 8,330 hectares are in the course of planting while the remaining plantable land reserve is targeted to be fully developed by 2011.
PALM OIL MILLS
During the year, the Group added another mill to its stable with the commissioning of a new 40 MT/hour Gemilang Palm Oil Mill in Kuching, Sarawak in November 2007. With the completion of Gemilang Palm Oil Mill, the Group owns and operates three palm oil mills in Peninsular Malaysia, two palm oil mills in Sabah and three palm oil mills in Sarawak with capacities ranging from 30 MT/hour to 45 MT/hour.
In addition, the Group continuously upgrade the existing mills by adding ancillary equipment to increase the extraction rate, replacement of out-dated machineries and equipment as well as enhancement of processing procedures to minimize interruption of the operations. The Group is also in the midst of constructing a new 40 MT/hour mill to replace the existing Ulu Sebol Palm Oil Mill in Johor which has been in operation since 1979. The replacement mill is expected to be completed by the end of 2008. In the pipeline, the Group will be constructing another mill in the near future to cater for the crops from the oil palm plantations located in Kuala Suai in Miri, Sarawak.
EXPANSION OF PLANTATION LAND BANK
Subsequent to the end of the current financial year, the Group completed two new land acquisitions which were initiated during the year under review. The acquisitions involved 2,640 hectares of land in Kuala Suai, Miri, Sarawak through the acquisition of 70% equity interest in Usaha Wawasan Sdn Bhd and 11,404 hectares of land in Kedah through a subscription for 100 million new ordinary shares in Kongsi Meriah (M) Sdn Bhd. With these acquisitions, the Group’s plantation land bank increases to 140,736 hectares. Whilst the land in Kuala Suai will be planted with oil palm, the lands in Kedah are suitable for rubber as well as oil palm plantation.
chart
CEO Chan Seng Fatt的review，相当透明。不过我不太满意他们的expansion cost，基于不明原因，成本居然是RM3800每公顷一年。可想象如果不是cpo高涨，盈利是不会好的，以过去几年的记录证明。
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