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Corporate Profile

 

Listed on the Singapore Exchange since 2007. First Resources is one of the fastest-growing palm oil producers in the Asia-Pacific. The Group has grown its plantation assets rapidly since its inception in 1992. We now manage more than 170,000 hectares of oil palms plantations and operate twelve palm oil mills in Indonesia.

The Group’s core business activities are cultivating oil palms, harvesting the fresh fruit bunches and milling them into crude palm oil ("CPO") and palm kernel. With our integrated processing facilities, we are able to maximise the value of our upstream plantation assets by processing our CPO into higher value products such as biodiesel, olein and stearin and crushing the palm kernel into palm kernel oil and palm kernel expeller.

First Resources’ strong expertise in plantation cultivation and management is clearly reflected in its yields, extraction rates and low cost of production. We keep our operations closely integrated to extract maximum operational synergies.

The Group’s disciplined approach to new plantings constantly rejuvenates its plantation profile. Our favourable age profile positions us well for sturdy operational growth over the next few years. With a sizeable reserve of unplanted land bank, the Group also has further room to expand its plantation footprint. We aim to enlarge our plantation hectarage and grow our CPO production to one million tonnes per annum.

Plantation Profile

(as at 31 December 2013)
Total Planted Area 170,596 hectares
Planted Nucleus Area 148,727 hectares
Planted Plasma Area 21,869 hectares
Weight average age of trees 8 years

Processing Capacity

Number of Palm Oil Mills 12
Capacity Per Annum 4,050,000 tonnes of fresh fruits
Capacity Per Hour 675 tonnes of fresh fruits