TSH has been involved in oil palm plantations in Sabah, Malaysia since the late 1980s and expanded our plantation activities to West Sumatra and Kalimantan, Indonesia in 2003.
Our planted areas in Sabah and Indonesia totaled more than 20,000 ha. In view of our optimistic outlook on the future of oil palm industry, we presently have approximately 60,000 ha of land bank in Indonesia and are continuously seeking for opportunities to further increase our plantation hectareage in Indonesia.
Plantation development work had commenced on our land bank in Indonesia and is progressing well. We are confident of an encouraging contribution and growth from our investment in Indonesia in near future.
TSH has, in collaboration with Malaysian Palm Oil Board, set up an oil palm tissue culture laboratory in Tawau under our wholly-owned subsidiary, TSH Biotech Sdn Bhd with a view to supply high yielding planting materials for our planting programme and sale to third party. Production of oil palm ramets have started and is expected to reach 500,000 ramets by 2009.
