Malaysian co to develop 10,000ha in PNG for palm oil plantations
Wed. May 27, 2009; Posted: 01:08 AM
JOHOR BAHARU (Malaysia), May 27, 2009 (Asia In Focus via COMTEX) --
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PowerRating -- Malaysian
plantation company KULIM (MALAYSIA) BHD (KLSE:2003) has
identified more than 10,000 hectares of land in Papua New
Guinea (PNG) and the Solomon Islands for the development of new
oil palm plantations, its chairman Muhammad Ali Hashim said
Tuesday. The company's aggressive expansion in the two
countries will be undertaken by its subsidiary companies NEW
BRITAIN PALM OIL LTD (NBPOL) and RAMU AGRI-INDUSTRIES LTD.
* "The group has identified a new plantation area of about
6,000 hectares in PNG, where planting is scheduled to take off
end of this year.
* "In the Solomon Islands, it has identified 4,100 hectares
of land next to an existing plantation and planting here is
expected to start on 1,000 hectares first," he told reporters
after the company's annual general meeting here Tuesday.
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