June 25, 2008
TDM To Increase Investment In Oil Palm Plantations In West Kalimantan
KUALA TERENGGANU, June 25 (Bernama) -- TDM Bhd is planning to increase its investments in the oil palm plantation sector in West Kalimantan this year with the acquisition of another 30,000 hectares of plantation land.
During an extraordinary general meeting held here Wednesday, its chairman Datuk Wan Hisham Wan Salleh said TDM has been long planning to increase the acreage of its oil palm plantation and the purchase of a 30,000 hectare of land adjacent to its existing estate was the result of four years of research and studies."
With the addition of the new land through an agreement signed in April, TDM aims to produce one million metric tonnes of fresh fruit bunches a year with contributions from the plantations expected to exceed RM400 million in early 2013."
Besides, we also project TDM's FFB volume to increase from 516,000 metric tonnes in end 2007 to two million metric tonnes in 2020," he said in a statement here Wednesday.TDM currently manages 12 oil palm plantations covering a total of 30,000 hectares in Terengganu and has two palm oil mills with capacity to process 550,000 tonnes of FFB.-- BERNAMA