MARKET DEVELOPMENT
Tanah Makmur Expects Stronger Contributions From Plantation, Property Divisions
Tanah Makmur Expects Stronger Contributions From Plantation, Property Divisions
17/06/2015 (Bernama) - Pahang-based oil palm plantations and property development player, Tanah Makmur Bhd, expects performance to be strengthened by contributions from its plantation and property development segments in 2015.
In a statement Tuesday, Tanah Makmur said it recorded fresh fruit bunches production of 207,947 metric tonnes in 2014 and targeted higher FFB production as planted areas would enter prime age this year.
"We have 17,969 hectares (ha) of plantation land in Pahang of which we own 11,633 ha and 6,336 ha are leased. Currently, we operate a palm oil mill with a capacity to process up to 30 tonnes of FFB per hour," it said.
Tanah Makmur said CPO prices were expected to recover in the second half of 2015, driven by improving global demand and the potential impact of El Nino.
It said the company has launched Lake Side 2 and Lake Side 3 projects with total gross development value of RM118 million in May 2015 and to date RM42 million properties had been sold.
In a statement Tuesday, Tanah Makmur said it recorded fresh fruit bunches production of 207,947 metric tonnes in 2014 and targeted higher FFB production as planted areas would enter prime age this year.
"We have 17,969 hectares (ha) of plantation land in Pahang of which we own 11,633 ha and 6,336 ha are leased. Currently, we operate a palm oil mill with a capacity to process up to 30 tonnes of FFB per hour," it said.
Tanah Makmur said CPO prices were expected to recover in the second half of 2015, driven by improving global demand and the potential impact of El Nino.
It said the company has launched Lake Side 2 and Lake Side 3 projects with total gross development value of RM118 million in May 2015 and to date RM42 million properties had been sold.