KLK to Expand Plantation Land Bank
Palm oil producer Kuala Lumpur Kepong Bhd (KLK) plans to expand its plantation land bank by another 50,000 hectares to 250,000 hectares, preferably by investing in green field projects in Indonesia, Malaysia’s New Straits Times reported on Friday (23/3/07).
The group currently owns 100,597 hectares in Indonesia, half of which has been planted.
Of the 205,300-hectare total land bank that KLK owns in Malaysia and Indonesia, about 150,000 hectares, or 75%, of that area have been planted with oil palm trees.
Last year, the group produced 525,000 tons of crude palm oil and expects the figure to grow by another 10% in 2007 as more trees mature.
The group currently owns 100,597 hectares in Indonesia, half of which has been planted.
Of the 205,300-hectare total land bank that KLK owns in Malaysia and Indonesia, about 150,000 hectares, or 75%, of that area have been planted with oil palm trees.
Last year, the group produced 525,000 tons of crude palm oil and expects the figure to grow by another 10% in 2007 as more trees mature.