DESCRIPTION OF OUR GROUP’S BUSINESS AND STRATEGIES
Kim Loong Resources Berhad and its subsidiaries (the “Group” or “KLR Group”) are principally involved in investment holding, cultivation of oil palm, processing of oil palm fresh fruit bunches, marketing of oil palm products, processing of oil palm fibre and biogas and power generation.
The principal activities of the Group can be categorised into two main segments: plantation operations and palm oil milling operations.
As of 31 January 2023, the Group’s total plantation land holdings stood at 16,922 hectares (“Ha”) of which 94% are fully planted with oil palms. Out of the total planted area, approximately 76% are with mature palms above 6 years old, 13% are young mature below 6 years old while the remaining 11% are at an immature stage. Our plantations are located in the states of Johor, Sabah and Sarawak.
The Group also owns and operates three (3) palm oil mills which are strategically located within the vicinity of our plantations in Kota Tinggi, Johor and in Keningau and Telupid, Sabah. Our palm oil mills have a collective FFB processing capacity of 1.5 million MT per annum.
Location of operations:
As part of the Group’s progression and development plan, we are continuously sourcing for suitable plantation land in Johor, Sabah and Sarawak for estate expansion purposes. The Group is also planning to set up a palm oil mill in Sarawak and is taking the necessary action to secure a milling license in the said State.
Moving forward, the Group remains committed on improving its operational efficiency and returns from both its plantation and oil palm milling assets, and to do so sustainably with due consideration of the economic, societal and environmental impacts of our operations over time.