KLK seeks Viet, Cambodia land
The Star (Malaysia)
KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) is looking to increase its land bank in areas like Vietnam and Cambodia, said director Datuk Lee Hau Hian.
Upon completion of its proposed acquisition of 22,000ha in Central Kalimantan, KLK will have land bank totalling 205,000ha.
The company is aiming to expand its land bank to 250,000ha in the next five years, which Lee said was “manageable on our resources”.
KLK also planned to annually plant 10,000 to 15,000ha of its unplanted land bank in Indonesia, he said.
Lee said this at the launch of the company's five-year Islamic commercial papers/Islamic medium-term notes (Sukuk Ijarah ICP/IMTN) programme with a RM500mil nominal value yesterday.
For the last financial year, KLK achieved a fresh fruit bunch (FFB) yield of 24.15 tonnes per mature hectare, even as 57% of its planted oil palms are classified as young.
“With this profile, we expect annual FFB production to hit three million tonnes by 2009, a 25% increase from 2006,” Lee said.
As part of KLK's downstream integration, its acquisition of Dr W Kolb Holding AG (Kolb) of Switzerland would enable Kolb's main feedstock to be directly supplied to KLK's new fatty alcohol plant, currently commissioned in Port Klang, he said.
“We're also interested in Kolb's manufacture of surfactants and esters, which are synergistic with our oleochemical operations,” he added.
With the Kolb acquisition, KLK now has a greater presence in Europe and plans to take advantage of the former's research facilities as well.
“By end 2007, we expect the annual production capacity of our worldwide oleochemicals to reach 772,000 tonnes,” Lee said.
On the company's capital expenditure for the current financial year, he said the allocation was “not as much as last year's RM500mil, but we have used RM100mil for works on new mills and refineries”.
KLK owns five refineries and is building a sixth in Lahad Datu, Sabah, with a production capacity of 1,200 tonnes a day. It will be commissioned later this year.
KLK also plans early next year to launch its 1,000-acre integrated township development in Sungai Buloh which has a gross development value of RM1.6bil.
It is the company's first step towards releasing value from its 7,000 acres of plantation land in the area identified for property development.
Lee said the RM210mil proceeds raised from the Sukuk Ijarah ICP/IMTN programme would partly be used to refinance borrowings.
Currently, KLK's total loans are at RM700mil. With RM400mil in cash reserves, net loans stand at RM300mil.
Upon completion of its proposed acquisition of 22,000ha in Central Kalimantan, KLK will have land bank totalling 205,000ha.
The company is aiming to expand its land bank to 250,000ha in the next five years, which Lee said was “manageable on our resources”.
KLK also planned to annually plant 10,000 to 15,000ha of its unplanted land bank in Indonesia, he said.
Lee said this at the launch of the company's five-year Islamic commercial papers/Islamic medium-term notes (Sukuk Ijarah ICP/IMTN) programme with a RM500mil nominal value yesterday.
For the last financial year, KLK achieved a fresh fruit bunch (FFB) yield of 24.15 tonnes per mature hectare, even as 57% of its planted oil palms are classified as young.
“With this profile, we expect annual FFB production to hit three million tonnes by 2009, a 25% increase from 2006,” Lee said.
As part of KLK's downstream integration, its acquisition of Dr W Kolb Holding AG (Kolb) of Switzerland would enable Kolb's main feedstock to be directly supplied to KLK's new fatty alcohol plant, currently commissioned in Port Klang, he said.
“We're also interested in Kolb's manufacture of surfactants and esters, which are synergistic with our oleochemical operations,” he added.
With the Kolb acquisition, KLK now has a greater presence in Europe and plans to take advantage of the former's research facilities as well.
“By end 2007, we expect the annual production capacity of our worldwide oleochemicals to reach 772,000 tonnes,” Lee said.
On the company's capital expenditure for the current financial year, he said the allocation was “not as much as last year's RM500mil, but we have used RM100mil for works on new mills and refineries”.
KLK owns five refineries and is building a sixth in Lahad Datu, Sabah, with a production capacity of 1,200 tonnes a day. It will be commissioned later this year.
KLK also plans early next year to launch its 1,000-acre integrated township development in Sungai Buloh which has a gross development value of RM1.6bil.
It is the company's first step towards releasing value from its 7,000 acres of plantation land in the area identified for property development.
Lee said the RM210mil proceeds raised from the Sukuk Ijarah ICP/IMTN programme would partly be used to refinance borrowings.
Currently, KLK's total loans are at RM700mil. With RM400mil in cash reserves, net loans stand at RM300mil.
4 comments:
Say no more, we got plenty lands
for everyone; Plus, our tax
incentives is second to none. So
come on over. You won't regret it.
Need I say more?
1:27 Why don't you and your cronies give your land to this company since got plenty.
The first guy is a pussy and one of those fucking lazy motherfucker who just point out to Khmer and tell them to do this and that. How you fuck go and do the job yourself motherfucker, you have no skills but fucking loaded of shit in your mouth. That is my freedom of speech and you got nothing . lol
Not for free, 12:49, they must sign
agreement to develop the lands and
they must have solid proven
background before they get the
land.
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