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 146,000 hectares of oil palms plantations and operate eleven 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 for sale to the domestic and international markets. With our integrated processing facilities, we also refine part of our CPO production into higher value products such as olein and biodiesel.
First Resources’ strong expertise in plantation cultivation and management is clearly reflected in its high yields, high 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 2012)
|
| Total Planted Area |
146,403 |
hectares |
| Planted Nucleus Area |
125,805 |
hectares |
| Planted Plasma Area |
20,598 |
hectares |
| Weight average age of trees |
8 |
years |
Processing Capacity
| Number of Palm Oil Mills |
11 |
|
| Capacity Per Annum |
3,780,000 |
tonnes of fresh fruits |
| Capacity Per Hour |
630 |
tonnes of fresh fruits |
|
