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Corporate Profile

 

Established in 1992 and listed on the Singapore Exchange since 2007, First Resources is one of the leading palm oil producers in the region.

The Group is primarily involved in cultivating oil palms, harvesting the fresh fruit bunches and milling them into crude palm oil (“CPO”) and palm kernel. We manage more than 190,000 hectares of oil palm plantations, including plasma plantations, and operate 12 palm oil mills across the Riau, East Kalimantan and West Kalimantan provinces of Indonesia.

We have our own integrated processing facilities to process our CPO and palm kernel into higher value palm-based products such as biodiesel, refined, bleached and deodorised (“RBD”) olein, RBD stearin, palm kernel oil and palm kernel expeller. This enables the Group to extract maximum value out of our upstream plantation assets. Our products are sold to both local and international markets.

The Group has a young plantation age profile, with more than fifty percent of our plantations either in their young or immature ages. This favourable age profile positions the Group well for strong production growth over the next few years as these plantations mature into prime-yielding ages.

First Resources is committed to the production of sustainable palm oil. Our sustainability strategy is centred upon maximising output while minimising adverse environmental and social impact from our operations. We will constantly strengthen our sustainability framework through regular benchmarking against industry standards and best practices.

Plantation Profile

(as at 31 December 2014)
Total Planted Area 194,567 hectares
Planted Nucleus Area 165,936 hectares
Planted Plasma Area 28,631 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