Global Palm Resources Holdings Limited is a growing oil palm producer in Indonesia engaged in cultivating oil palms, harvesting its fruits and processing them into crude palm oil (CPO) and palm kernel for sale in Indonesia. Our plantation and mill is strategically located in West Kalimantan, where the Group holds Hak Guna Usaha to a land bank of 16,079 ha. As at 30 September 2010, approximately 12,253 ha, representing about 76% of our land bank, is under cultivation including 2,834 ha cultivated under our Plasma Programme. Currently, approximately 83.3% of our oil palms are in their peak production stage. Moving forward, the Group has a land bank of 3,826 ha of land available for future cultivation. We are also aiming to increase our land bank via acquisitions.
Our products are CPO and palm kernels which we produce primarily from three sources, namely from the FFB harvested from our oil palm plantation, FFB purchased from local farmers under our Plasma Programme and other oil palm plantations close to our palm oil mill.
LAND BANK
as at 30 September 2010Total cultivated: 11,253 ha
Cultivated Plantation
Under Nucleus:
9,419 ha
- Mature: 7,466 ha
Cultivated Plantation Under Cooperation Agreements (Plasma):
2,834 ha
- Mature: 2,834 ha
Available for future cultivation: 3,826 ha
AVERAGE AGE PROFILE OF OUR OIL PALMS
as at 30 September 2010Immature (First 3 years): 1,953 ha, 15.9%
Mature (4th through 6th years): 92 ha, 0.8%
Peak Production Period (7th through to 18th years): 10,208, 83.3%
PRODUCTION CAPACITY AND OUTPUT FOR FY2010
(9 months ended 30 September 2010)Average FFB yield: 10.05 tons/ha
CPO extraction rate: 21.30%
Palm kernels extraction rate: 3.90%
Current maximum FFB procession capability 60 tons/hour or
360,000 tons/annum