CORPORATE
MILESTONES
1967
Sharikat Kim Loong Sendirian
Berhad (“SKL”), holding company
of Kim Loong Resources Berhad,
commenced business with 1,000
acre rubber plantation at Ulu
Tiram, Johor. (The first planting of
oil palm started in 1968).
1977
Incorporation of Kim Loong
Palm Oil Sdn. Bhd. (currently a
subsidiary of Kim Loong Resources
Berhad) by SKL to undertake the
milling operation in its estate at
Ulu Tiram, Johor and commenced
operations in 1982. This palm oil
mill was relocated to Kota Tinggi,
Johor under Kim Loong Palm Oil
Mills Sdn. Bhd. and commenced
operations in 1996.
1981
SKL expanded into Sabah by
acquiring 1,000 acres of land in
Sandakan, Sabah. Cocoa was first
planted on the land followed by
oil palm
1997
Incorporation of Desa Kim Loong
Plantations Sdn. Bhd. (currently
known as Kim Loong - KPD
Plantations Sdn. Bhd.) to enter
into a JV with Korporasi
Pembangunan Desa to develop
4,000 acres of land in Telupid,
Sandakan, Sabah into an oil palm
plantation.
Restructuring exercise to transfer all Sabah plantation operations to Kim Loong Resources Berhad.
Restructuring exercise to transfer all Sabah plantation operations to Kim Loong Resources Berhad.
1998
Incorporation of Kim Loong
Corporation Sdn. Bhd. (“KLC”) by
SKL to enter into a JV with Desa
Cattle (S) Sdn. Bhd. to develop
17,731 acres of land into oil palm
plantation and to erect new palm
oil mill in Sook, Keningau, Sabah.
Kota Tinggi Mill was ranked the largest commercial mill in Malaysia in terms of its CPO Production.
Kota Tinggi Mill was ranked the largest commercial mill in Malaysia in terms of its CPO Production.
1999
As part of the listing restructuring
exercise, KLPO group (milling
operations at Kota Tinggi,
Johor) and KLC (the plantation
and milling operations at Sook,
Keningau, Sabah) were transferred
to Kim Loong Resources Berhad.
2000
Kim Loong Resources Berhad was
listed on the Main Board of the
Kuala Lumpur Stock Exchange
(now known as Bursa Malaysia
Securities Berhad).
2002
Construction of the Keningau Mill
which commenced operations in
February 2003. Kota Tinggi Mill
won the most innovative mill
award by MPOB
2003
Kim Loong Resources Berhad
expanded its downstream
diversification by entering into a
Supply and Installation Contract
and a Joint Venture Agreement
in 2004 to undertake projects
to extract CPO from wet palm
fibre and to extract tocotrienol
concentrates from CPO under Kim
Loong Technologies Sdn. Bhd. and
Palm Nutraceuticals Sdn.
Bhd. respectively.
2004
The Group entered into a
Development cum Joint Venture
with Al-Yatama Berhad to develop
2,702 acres of land in Kota Tinggi,
Johor.
Capacity of our Keningau Mill was successfully expanded to 45 MT of FFB per hour.
Capacity of our Keningau Mill was successfully expanded to 45 MT of FFB per hour.
2005
Keningau Mill was awarded
by MPOB for achieving OER
exceeding 25%.
2006
The Group undertook a biogas
plant in our Kota Tinggi mill as a
Clean Development Mechanism
(“CDM”) project under the Kyoto
Protocol to the United Nations
Framework Convention on Climate
Change (“UNFCCC”).
2007
Keningau Mill was awarded by
MPOB as the highest OER mill in
Malaysia in year 2007. The Group
undertook another CDM project in
our Keningau mill.
2008
Commissioned the 3rd palm oil mill
at Telupid, Sabah. Commissioned
our first CDM project at Kota
Tinggi in August 2008. Kim Loong
Resources Berhad received an
award from Malaysia Cocoa Board
under cocoa estate category.
2010
Kim Loong Resources Berhad
received the shareholder value
award (Agriculture & Fisheries
sector) from KPMG.
Commissioned the second palm pressed fibre oil extraction plant.
The Group expanded into Sarawak by acquiring Tetangga Akrab Pelita (Pantu) Sdn Bhd (currently known as Winsome Pelita (Pantu) Sdn. Bhd.), a joint venture company with Pelita Holdings Sdn. Bhd. to develop Native Customary Rights Land (“NCR Land”) with estimated plantable area of 6,300 Ha in Sri Aman Division.
Commissioned the second palm pressed fibre oil extraction plant.
The Group expanded into Sarawak by acquiring Tetangga Akrab Pelita (Pantu) Sdn Bhd (currently known as Winsome Pelita (Pantu) Sdn. Bhd.), a joint venture company with Pelita Holdings Sdn. Bhd. to develop Native Customary Rights Land (“NCR Land”) with estimated plantable area of 6,300 Ha in Sri Aman Division.
2013/2014
Telupid Mill was awarded by
MPOB for achieving the highest
OER (External FFB Source) in
Malaysia.
2016/2017
Kim Loong Resources Berhad
was awarded by The Edge in year
2016 as the highest returns to
shareholders over three years in
Malaysia (Plantation).
2018
Kim Loong Resources Berhad
was awarded by The Edge in year
2018 as the highest returns to
shareholders over three years in
Malaysia (Plantation).
The Company had successfully implemented Corporate Exercises involving Share Split (1 existing ordinary share to 3 Subdivided Shares) and Bonus Issue of Warrants (1 Warrant for every 20 Subdivided Shares) in April 2018.
Keningau mill was awarded by MPOB as the best palm oil mill (External FFB source in Sabah/ Sarawak).
The Company had successfully implemented Corporate Exercises involving Share Split (1 existing ordinary share to 3 Subdivided Shares) and Bonus Issue of Warrants (1 Warrant for every 20 Subdivided Shares) in April 2018.
Keningau mill was awarded by MPOB as the best palm oil mill (External FFB source in Sabah/ Sarawak).
2019
Biogas plant at Kota Tinggi mill
commenced supplying power up
to 1.8 MW per hour to grid.
All the plantations and mills under the Group have passed the Malaysian Sustainable Palm Oil (“MSPO”) audit and have obtained MSPO certification.
All the plantations and mills under the Group have passed the Malaysian Sustainable Palm Oil (“MSPO”) audit and have obtained MSPO certification.
2019/2021
Telupid mill was awarded by DOE
the best compliance palm oil mill
in Sabah.
2020/2021
On 19 February 2020, the
Company entered into Sale and
Purchase Agreements to acquire
oil palm plantation land in Sabah
with a total gross land area of
approximately 2,862 acres, and
later assigned this purchase to its
subsidiary, Suhenson Estate Sdn.
Bhd. In February 2021, the Group
took possession of 2,708 acres
(1,096 hectares).
2022
Kim Loong Resources Berhad
is one of the Seven Malaysian
Companies selected by Forbes as
Asia’s Best under A Billion 2022
list.
In December 2022, biogas plant at Keningau Mill commenced supplying power up to 2 MW per hour to grid.
In December 2022, biogas plant at Keningau Mill commenced supplying power up to 2 MW per hour to grid.