United Plantations Bhd - Company Profile
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Business Description
United Plantations Bhd (UP) is primarily engaged in the cultivation and processing of oil palm and coconut on plantations located in Peninsular Malaysia and Indonesia. The company also engages in downstream activities such as edible oil refining and the production and packaging of specialty fats. The company’s business activities include the responsible cultivation of oil palm and coconuts, with a total cultivated land bank of approximately 62,458 hectares spread over Malaysia and Indonesia. Additionally, the company owns Bernam Bakery, offering Danish butter cookies, coconut buns, fruit cakes, and rye bread. UP serves the agricultural sector, particularly in Malaysia, and is involved in the marketing and trading of its products through a subsidiary in Indonesia. The company operates two palm oil refineries in Malaysia.
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R&D Overview
UP has its own R&D center that keeps tabs on environmental implications, improving the quality of the product and worldwide industry trends. These insights serve as the foundation for a complete innovation program that is carried out and overseen by professionals from a variety of industries using updated technology. Collaborations between academia and industry also expand the company's network for knowledge and innovation. The company intends to improve coconut and oil palm yields to boost the land's productivity. For this, it is working in its seed garden to pollinate the seeds with high-yield traits and to improve land productivity, it follows the traditional method of breeding with molecular technologies and tissue culture. The company has established research laboratories in Lada Estate (Indonesia) and Jendarata Estate (Malaysia) where it works on leaf, soil and fertilizers to assure the quality of the products. The department is responsible for improving the yields of future generation oil palms and coconut palms, producing high yielding Tenera seeds, evaluating the feasibility of photovoltaic cells to produce green electricity, and conducting a Drainability Assessment in peat areas.
Business Segments
Overview
Produces and sells palm oil processing, manufacturing of edible oils, fats, cocoa butter substitutes, and trading in crude palm oil and palm oil products. It serves the food and manufacturing industries.
Performance
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Overview
Involved in the business of oil palm and coconut cultivation and processing, serving the agricultural industry. It operates in Peninsular Malaysia and Kalimantan, Indonesia.
Performance
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Overview
Consist of a holding company for a subsidiary in Indonesia involved in marketing and trading of the Group's products, and three other investment holding companies.
Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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