Company type | Private Limited Company |
---|---|
Industry | Forestry, Plantations, Media, ICT, Hospitality |
Headquarters | 2°15′52.6″N111°50′38.1″E / 2.264611°N 111.843917°E Sibu, Sarawak, Malaysia |
Key people | Tan Sri' Dato Tiong Hiew King |
Number of employees | 10,000 [1] |
Website | RH group Malaysia homepage |
Rimbunan Hijau is a Malaysian multinational logging corporation controlled by Malaysian businessman Tiong Hiew King. The company has operations in many countries, including Malaysia, Indonesia, Papua New Guinea, Equatorial Guinea, Gabon, Vanuatu, New Zealand and Russia.
In Papua New Guinea, Rimbunan Hijau is the single biggest logging operator, and runs the country's biggest sawmill. It also owns one of the two major newspapers in the country, The National . [2]
The company was established in 1975 and has an estimated annual turnover of more than US$1 billion, according to Malaysia-China Business Council. [3]
The company is involved in various business activities through its subsidiaries such as forestry, oil palm, media, ICT and hospitality. [4]
Jaya Tiasa Holdings started as a downstream wood processing company at Tanjong Ensurai, Sibu, Sarawak in 1983. Jaya Tiasa had five wood processing mills as of 1994. In 2002, the company diversified into the oil palm business and opened the first crude palm oil mill in 2009. [5]
Listed on Bursa Malaysia, the company had a market capitalisation of RM 2.5 billion in 2014. [5]
Subur Tiasa Holdings Berhad was founded in 1988 by Tiong Hiew King with an initial paid-up capital of RM 125.7 million. The company initially went on to manufacture plywood and veneer, followed by sawn timber and laminated board manufacturing. [6]
The company owns oil palm plantations in Lundu, Selangau, Miri and Marudi. [7] This subsidiary acquired three palm oil mills between 2015 and 2017 located in Miri and Lundu. [8]
In January 1997, a subsidiary of Rimbunan Hijau named Woodsville Private Limited bought a Singaporean company named Tri-M Technologies that provides electronics contract manufacturing services. Woodsville is in turn owned by Surreyville Pte Ltd, an investment holding company under RH group. In 2009, Surreyville and Sharptone Investments owned 50.56% and 28.03% of Tri-M. Tri-M was renamed to Petrogas in the same year. [9]
Rimbunan Hijau (PNG) Limited was established in 1988. [10]
It is the dominant player in the logging sector in Equatorial Guinea by the subsidiary Shimmer International. [11] Rimbunan Hijau was in 1999 also logging contractor for Teodorin Obiang, the agriculture and forests minister of Equatorial Guinea and the son of the president. [12]
Rimbunan Hijau Far East Company Limited was set up in 1997 in Russia, involving in timber harvesting and processing. Majority of the timber are exported to China, Japan and South Korea. [13]
Rimbunan Hijau has been heavily criticized by environmental and humanitarian organizations for alleged human rights abuses, ignoring indigenous peoples Human rights, political corruption and negligence of the environment. A recent World Bank report estimates that up to 70 percent of logging in Papua New Guinea is illegal, further adding to the criticism. [14]
Two groups that have made investigations and held protests against the company are Greenpeace and Rainforest Action Network. Rimbunan Hijau in turn has threatened to sue Greenpeace for defamation because of its report "The Untouchables - Rimbunan Hijau’s World of Forest Crime and Political Patronage" [3] demanding that the group withdraw the paper. Greenpeace has declined to comply. [15]
Citibank, following a review of its own environmental policies in 2005, declared that it would require the client Rimbunan Hijau to obtain credible, independent, third party certification for its Papua New Guinea operations in the future. [16]
Lorentz National Park is an Indonesian national park located in the provinces of Central Papua, Highland Papua and South Papua, in the southwest of western New Guinea. With an area of 25,056 km2 (9,674 mi2), it is the largest national park in Southeast Asia. In 1999 Lorentz was declared a World Heritage Site by UNESCO.
Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the ASEAN countries and ranked 70th among the world’s most valuable bank brands.
Tan Sri Datuk Tiong Hiew KingPSM PGBK is the Malaysian Chinese founder and chairman of the Rimbunan Hijau Group, a timber company founded in 1975. Its overseas timber operations in Papua New Guinea is the largest in that country. He also has interests in logging operations in Russia.
Sinar Mas is one of the largest conglomerates in Indonesia. It was formed in 1938. It has numerous subsidiaries including Asia Pulp & Paper and palm oil producer PT SMART. The company also acquired Berau Coal Energy from Asia Resource Minerals PLC, a major mining group founded by Nathaniel Rothschild, in a takeover initiated by Fuganto Widjaja.
IOI Corporation Berhad, commonly referred to as IOI, was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd. IOI is one of Malaysia's biggest conglomerates. It ventured into oil palm plantations in 1983, followed by property development in 1984 and refineries in 1997. IOI was listed on the Kuala Lumpur Stock Exchange (KLSE) and trading as MYX: 1961—now known as Bursa Malaysia—in 1980.
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Intsia bijuga, commonly known as Borneo teak, ipil, Johnstone River teak, and kwila, amongst many other names, is a species of tree in the flowering plant family Fabaceae, native to coastal areas from east Africa, through India and Southeast Asia to Australia and the western Pacific. It has significant importance to indigenous cultures in many parts of its range, but is also threatened by illegal logging due to its high quality timber. It is most commonly found in tropical coastal forests.
The National is a weekday English language newspaper published in Papua New Guinea. It is also published online. The paper is owned by Malaysian logging company Rimbunan Hijau.
This article addresses various criticisms of Cargill Inc, a privately held agribusiness multinational giant with operations in 70 countries and its headquarters in Minneapolis, Minnesota, in the United States. Cargill Inc has been owned by the Cargill family for 154 years. It is the largest privately-owned corporation in the United States, with an annual revenue of $113.5 billion in 2019.
Palm oil, produced from the oil palm, is a basic source of income for many farmers in South East Asia, Central and West Africa, and Central America. It is locally used as cooking oil, exported for use in much commercial food and personal care products and is converted into biofuel. It produces up to 10 times more oil per unit area than soybeans, rapeseed or sunflowers.
Deforestation in Papua New Guinea has been extensive and in recent decades from 2001 to 2020, Papua New Guinea (PNG) lost 1.57Mha of tree cover, equivalent to a 3.7% decrease in tree cover since 2000, and 1.15Gt of CO₂e emissions.
The Papua New Guinea Forest Authority (PNGFA) was established in 1993 under the Forestry Act, 1991. It replaced the former Department of Forest and unified all the Provincial Forest Divisions and the Forest Industries Council. This restructuring was the result of the 1989 Barnett Commission of Inquiry into forestry in Papua New Guinea.
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BW Plantation is an Indonesian company active in oil palm plantations and palm oil manufacturing. Despite risen sales, its profits plunged in 2013. BW Plantation has 89,000 hectares of plantations in Central Kalimantan, East Kalimantan and West Kalimantan. Abdul Halim Ashari is its President Director. It has four palm oil mills in Central Kalimantan. It is based in Jakarta. Its subsidiaries include PT Bumilanggeng Perdanatrada, PT Adhyaksa Dharmasatya, PT Sawit Sukses Sejahtera, PT Wana Catur Jaya Utama, PT Satria Manunggal Sejahtera and PT Agrolestari Kencana Makmur. It had its initial public offering in 2009. A subsidiary of BW Plantation has cleared forest habitat of the orangutan.
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