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News 26741 to News 26750 of about 27535 news within page 2675
26741. 16/07/2002
   
KUALA LUMPUR, July 13 (Bernama) -- Palmco Oil Mill Sdn Bhd was appointedas the new president of the Malayan Edible Oil Manufacturers' Association(MEOMA) at its 42th Annual General Meeting here, Saturday.Three vice presidents were also appointed namely Felda Kernel Products SdnBhd, Lam Soon (M) Bhd and Jin Lee (Oil Mills) Sdn Bhd.
26742. 12/07/2002
   
KUALA LUMPUR, July 11 (Bernama) -- Potential investors from China areurged to look at Malaysia's palm-based oleochemical business as an optionto consider besides commercially exploiting the large quantity of biomassgenerated by the palm oil industry."We see the Chinese demand (for oleochemicals) is on a growing trend.
26743. 09/07/2002
   
06 July 2002 -PRIMARY Industries Minister Datuk Seri Dr Lim Keng Yaik willlead a 10-day palm oil economic and investment mission to China startingtomorrow.
26744. 09/07/2002
   
KUCHING, July 8 (Bernama) -- A crude palm oil refinery complex costingRM50 million will be built at the Kidurong Industrial Area in Bintulu toenhance Sarawak's palm oil industry, said Austral Enterprises Bhd'smanaging director, Dr Radzuan Abdul Rahman.The refinery, which is expected to be in operation in 2004, would beundertaken by a joint venture company, Austral Edible Oil, to be jointlyowned by Austral and Lembaga Amanah Kebajikan Masjid Negeri Sarawak(LAKMNS).
26745. 09/07/2002
   
Monday, July 8, 2002 - PALM oil producing region Sandakan, on the eastcoast of Sabah, is now able to cater for rapid expansion of oil palmplantations and subsequent increase in production following the recentcompletion of the new and better capacity mill, the Sepagaya palm oilmill.The mill, owned by the state’s leading oil palm-based Sawit Group, has amilling capacity of 45 tonnes of fresh fruit bunches (FFB) per hour.It replaces the Suan Lamba mill, which has a smaller operating capacity of20 tonnes per hour.In a statement on Saturday, Sawit Group said the Suan Lamba mill hasceased its operations and all palm oil milling have been taken over bySepagaya mill, effectively making it the sole milling operator in theSandakan region.“The opening of this mill coincides with Sawit Group’s business expansionprogramme for future requirement in crop processing,’’ it said.Sepagaya mill will be capable of milling up to 216,000 tonnes of FFB perannum. The capacity can be expanded to 90 tonnes per hour or 432,000tonnes annually to cater for increase in crop production in the future.Sawit Group is expected to process up to 1.4 million tonnes of FFB thisyear.“With the Sepagaya Mill, oil palm growers within the district also standto reap the benefits of the Sawit Group’s expanding milling activities asfair prices are offered for the harvest coupled with improved facilities,”Sawit said. – Bernama(The informations and opinions expressed in this article represent theviews of the author only. They should not be seen as necessarilyreflecting the views of Palm News)
26746. 09/07/2002
   
Tuesday, July 2, 2002 - KUMPULAN Guthrie Bhd has defended its decision tostake its future in Indonesia as the kind of forward thinking that couldwell double its earnings per share (EPS) in the near future.Its group chief executive officer Tan Sri Abdul Khalid Ibrahimacknowledged that there were investors and shareholders who still viewedthe company’s foray into Indonesia as a folly that had ramped up itsgearing to 1.19 as at March 31.He said it had taken a while for the group to get its 200,000ha Minamasplantations – for which it paid RM1.4bil – into order, but gave anassurance that things were now in order; and should crude palm oil (CPO)prices hold around the US$350 to US$400 level, “Guthrie is poised for avery successful time’’.Khalid said the best EPS the company achieved in the past five yearsamounted to 20.3 sen, in 1997.“With the acquisition (of Minamas), we can target to achieve a two-foldincrease in EPS,’’ he told a briefing for analysts at the group’s officein Bukit Jelutong yesterday,Khalid also pointed out that the contribution from the group’s Indonesianoperations had turned around from a loss of RM37mil in the nine months in2001, to a profit of RM10mil for the first quarter of the year.Guthrie, he said, was now working to accelerate its total crude palm oil(CPO) production to one million tonnes annually from about 500,000 tonnesat present, with the Minamas plantations to contribute about two thirds ofoutput.However, Guthrie, which already has 11 mills in Indonesia, would have toinvest quite considerably in an additional eight to 10 mills over the nextfour to five years to meet its refining needs.But prior to that, it is committed to addressing its total borrowings ofRM2.88bil as at end-March.Khalid said that Guthrie was taking the necessary steps to reduce itsloans to RM2.39bil by the end of 2004, through a programmed disposal ofhigh value properties, such as its recent sale of the Haron Estates toGolden Hope Plantations Bhd for RM565mil, and the proposed sale of a 10%equity in Minamas for US$45mil to US$50mil, plus the sale of Group Acompanies shares for around the same price.(The informations and opinions expressed in this article represent theviews of the author only. They should not be seen as necessarilyreflecting the views of Palm News)
26747. 09/07/2002
   
05 July 2002 (Business Times) - MALAYSIA’s palm oil market expects biggestbuyer, India, to go on a buying spree anytime soon as it stocks upsupplies in anticipation of the Deepavali celebrations in November.
26748. 09/07/2002
   
03 July 2002 (Business Times) - THE world’s first pulp and paper mill thatuses oil palm biomass as feedstock is expected to start operations in thecountry by 2004.
26749. 09/07/2002
   
08 July 2002 (The Star) - SUTRAJAYA Shipping Sdn Bhd, a shipping linecreated by the country’s single largest shipper, Felda, is continuing tomake waves.
26750. 01/07/2002
   
JAKARTA, June 28 (Reuters) - Growth in Indonesia's crude palm oilproduction is seen slowing over the next few years as refining capacityfails to keep pace with the expansion of areas under cultivation, industrysources said on Friday. Refining capacity is already beginning to lagplantation output due to the lack of investment in the expensive refiningsector since the Asian financial crisis of 1997."On the other hand, production of fresh fruit bunches is rising as newtrees planted before and during the crisis mature," Nafis Daulay, chairmanof the Indonesian Edible Oil Industry Association, told Reuters.Indonesia is the world's second largest palm oil producer after Malaysia.The sprawling archipelago's total area under oil palm cultivation isestimated to have gone up to 3.3 million hectares in 2001, from slightlyover two million hectares in 1995, the Indonesian Palm Oil ProducersAssociation said.Indonesia is expected to produce 9 to 9.2 million tonnes of palm oil in2002, compared with 8.3 million tonnes in 2001, it said.Exports were seen rising to 5-5.5 million tonnes, compared to 4.9 milliontonnes in 2001 as Indonesia pushes exports as output exceeds domesticdemand.Industry sources said the shortage of refining capacity was most acute inKalimantan -- the Indonesian side of Borneo island -- and in Sumatra andeastern Indonesia, where many plans to build refineries have been on holdsince the late 1990s.Ethnic conflict in Kalimantan, between indigenous people and migrants, andsecurity problems in Sumatra have also delayed the building of manyfactories."In my estimation, there was around one million tonnes of fresh fruitbunches wasted last year because they could not be processed," said oneplantation owner in North Sumatra.A Jakarta trader said: "When prices are low, smallholder farmers, who donot have their own mills, make no margin by taking their crop to otherpeople's mills so they let the bunches rot."Even the main growing of Sumatra, where around 240 refiners operate, facesa shortage in refining capacity during peak output months.Industry sources say Sumatra has around 2.15 million hectares of matureplantations which yielded some 44-45 million tonnes of fruit bunches lastyear.And in turn they add this amount of oil requires a refining capacity of10,300 tonnes/hour, while current capacity at the refineries is onlyaround 9,640 tonnes/hour.
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