Sime Darby Plantation makes downstream push via new subsidiary
SIme Darby is in talks with a potential partner to set up a new facility in India. — Reuters pic
He said with the launch, SDO would now represent the entire downstream division of SDP spanning across 16 countries and involving manufacturing, sales and marketing. “Indonesia is a market we are familiar with but we are not focusing on the domestic market; it’s mostly for the export market,” he said.
He said SDP, which is the largest producer of certified sustainable palm oil , produced 2.46 million tonnes of the commodity a year. “Meanwhile, our spreads were strongly received in developed markets such as Europe and South Africa,” he added. Hence, the minister said, the government was committed to implement the Malaysian Sustainable Palm Oil certification that would become mandatory from Jan 1, 2020.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sime Darby Plantation Q2 profit plunges 70%Net profit for the quarter ended December was RM129 million, compared to RM429 million a year earlier.
Read more »
Sime Darby Plantation posts sharply lower first half profit | Malay MailKUALA LUMPUR, Feb 28 — Sime Darby Plantation Bhd saw a lower net profit for the six months ended December 31, 2018, down 83 per cent compared with RM1.44 billion for the corresponding period of the previous year. However, the decline was largely due to the non-recurring net profit of RM749...
Read more »
Sime Darby Plantation expects CPO prices to firm up | Malay MailKUALA LUMPUR, Feb 28 — Sime Darby Plantation Bhd, the world’s largest oil palm plantation company by planted area, expects crude palm oil (CPO) prices to firm up from April to August this year to between RM2,250 and RM2,450 per tonne in line with the higher trend seen in other edible oils...
Read more »
Sime Darby Property expects to be profitable in Q1 2019 | Malay MailKUALA LUMPUR, Feb 28 — Sime Darby Property Bhd expects to be profitable in the first quarter ended March 31, 2019, contributed mainly by the disposal of Darby Park Executive Suites in Singapore, says group managing director Datuk Seri Amrin Awaluddin. The company had entered into a sale and...
Read more »
Sime Darby Property slips into loss but achieves sales target | Malay MailKUALA LUMPUR, Feb 27 — Sime Darby Property Bhd fell into a net loss of RM318.70 million for six-month financial period ended Dec 31, 2018 (FY18), from a net profit of RM559.77 million recorded in 2017. The company, which has changed its financial year end from June 30 to Dec 31, said the net loss...
Read more »
Bursa retreats at mid-morning | Malay MailKUALA LUMPUR, Feb 27 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained in the red at mid-morning today, weighed by selected heavyweights led by Sime Darby Plantation and IHH Healthcare. At 11.05am, the benchmark index eased 7.59 points to 1,711.41 from 1,719 at close yesterday. It...
Read more »