And it is Sarawak — and especially the SCORE region — that offers the greatest potential, as the rest of the country has little land available for new plantations. Palm oil is ideal as a healthy substitute for animal fats, in chocolate and margarine, cake mixes, sauces and many other products, because of its low cholesterol and high nutrient and vitamin content. It is also widely used in cooking, and its stability and neutral flavour make it one of the best and healthiest oils for frying. Palm oil is increasingly used in the production of household and cosmetic products, including soaps and detergents, creams and pharmaceuticals, and major new international markets are opening up with the widespread adoption of biofuels.
Click to print Opens in new window Fong fifth left and Chiong Seng fourth right are seen exchanging documents during the signing ceremony on Monday observed by Chiong Ho middle and other directors.
The company announced the proposed acquisition after the agreement signing ceremony in Miri on Monday. At present, the main assets of SYOP comprise of its sizable land bank of approximately 47, hectares of land in Sarawak, of which 23, hectares of the lands have been fully planted with oil palms and 6, hectares are suitable for oil palm cultivation.
Out of the total land bank, about 23, hectares has been planted with palm trees with age profiles consisting 28 per cent aging less than four years old, 52 per cent between four to ten years old, and 20 per cent between 11 to 16 years old.
The proposed acquisition involves the acquisition of two million ordinary shares of RM1. With the proposed acquisition, SOPB has proposed an issuance of up to Additional bank borrowings and internal funds will be used to finance the balance of the proposed acquisition as well as plantation development expenditure for the estates.
SOPB believes that strategic value creation to be derived from the proposed acquisition will translate into operational efficiency thus improving profitability.SOP Foods is part of the SOPB Group of Companies and produces quality oil from palm fruits. It is well established in Sarawak and has an extensive sales and distribution network within the state.
It is well established in Sarawak and has an extensive sales and distribution network within the state. SOPB's upstream oil palm estates and mills are all located in the state of Sarawak, the largest state in Malaysia, and Malaysia is one of the world's largest oil palm growing region.
Plantation Our upstream oil palms plantation is a pristine and peaceful environment which provides a .
ONGC - Navagam Oil Terminal AM Agro Industries - Jetalpur Rice Mill Balaji Agro Industries - Jetalpur Rice Mill Shree Gokulesh - Jetalpur Rice Mill. ONGC - Navagam Oil Processing Plant ONGC - Navagam Oil Terminal AM Agro Industries - Jetalpur Rice Mill Balaji Agro Industries - Jetalpur Rice Mill Shree Gokulesh - Jetalpur Rice Mill Chripal Poly Films - Vraj Plastic Packaging Plant Bharat Petroleum - Kanera Fuel Terminal IOCL - Bareja LPG Bottling Plant.
The Palm Oil Industry in Malaysia: From Seed to Frying Pan PART B: Profiles of Major Players in the Supply Chain of the Palm Oil Industry Plantation Companies COM.1 Asiatic Development Berhad 63 COM.2 Austral Enterprise Sdn.
Bhd. 65 COM.3 Golden Hope Plantations Berhad. 67 COM.4 Hap Seng Consolidated Berhad The Company ventured into the transportation of Crude Palm Oil (CPO) in the late 's for Sarawak Oil Palms Bhd. On 31 May , Y.L.L. Co Sdn Bhd was incorporated to .