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IJM Plantations Bhd - 2216(IJMPLNT)

IJM Plantations Bhd - 2216 (IJMPLNT)

IJM Plantations Bhd lists under Main Market of Bursa Malaysia. It has been classified in the Plantations sector. The stock code uses in Bursa Malaysia is "2216" or identify by stock name of "IJMPLNT". More information about IJM Plantations Bhd can be found in their website (www.ijm.com/plantation/).

Stock quote also available at Bursa Malaysia, The Star.

IJM's diversification strategy also saw its entry into the oil palm plantation business.

Incorporated in 1985, IJM Plantations Berhad has an extensive area of well-managed oil palm plantations of over 25,000 hectares of oil palms comprising of 11 estates in Sabah. It has also started expanding into Indonesia.

Complementing the plantations, the Division has four palm oil mills capable of processing over 1,000,000 tonnes of oil palm fresh fruit bunches per year. These state-of-the-art processing mills consistently produce results above the industry's average. In addition, the Division has also set up a palm kernel crushing plant with a capacity of 250 tonnes per in Sandakan. The Division's other complementary and downstream activities include the trading of agrochemical and fertilizers and agro-management services.

Significant investments have also been made in Research and Development and training to maintain the Division's competitive edge well into the future. A research centre located in Sandakan, Sabah has been established for this purpose along with breeding trials on oil palm variety improvement, integrated pest management and agronomy. Training programs have been initiated to keep staff abreast with the latest best management practices and to enhance operational efficiencies. The Division takes pride in its own production of quality hybrid oil palm seeds to meet the demands of its expansion and replanting.

IJM Plantations Berhad was listed on the main board of the Bursa Malaysia Securities Berhad (BMSB) in July 2003 and is a subsidiary company of the IJM Group.

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