TH Plantations

Last updated
TH Plantations Berhad
FormerlyPerbadanan Ladang-Ladang Tabung Haji Sendirian Berhad
TypePublicly traded state-owned enterprise
MYX: 5112
ISIN MYL5112OO007
IndustryPlantation
Founded1972
HeadquartersTingkat 23, Bangunan TH Selborn, No. 153, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia
Key people
Ab. Aziz Kasim, Chairman
Zainal Azwar Zainal Aminuddin, Chief Executive Officer
Parent Tabung Haji (73.83%)
Website www.thplantations.my

TH Plantations Berhad (THP; MYX : 5112) is a Malaysian palm oil company. It was established in 1972. [1] It has major activity in Indonesia. [2] Its chairman is Yusof Basiran. [3] There was fire on its land in 2013. [4] It is owned at 73.83% by the government-run Tabung Haji (2016). [5] A notable director is Dato' Noordin bin Md Noor, who has long-standing activity in politics. [6]

In 2007, most of its 200,000 ha of its allocated plantation land in Riau was on peat soil.

Related Research Articles

<span class="mw-page-title-main">Sime Darby</span> Malaysian trading conglomerate

Sime Darby Berhad is a Malaysian trading conglomerate. Its core businesses operate and serve in the industrial, motors and logistics sectors as well as the healthcare, and insurance segments.

<span class="mw-page-title-main">Golden Hope</span>

Golden Hope Plantations Berhad (GHPB) was an estate and plantations company in Malaysia.

<span class="mw-page-title-main">IOI Group</span> Malaysian conglomerate

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 property development in 1984, followed by oil palm plantations and refineries in 1985. IOI was listed on the Kuala Lumpur Stock Exchange (KLSE) and trading as MYX: 1961—now known as Bursa Malaysia—in 1980.

<span class="mw-page-title-main">ASEAN Agreement on Transboundary Haze Pollution</span> ASEAN environment agreement

The ASEAN Agreement on Transboundary Haze Pollution is a legally binding environmental agreement signed in 2002 by the member states of the Association of Southeast Asian Nations to reduce haze pollution in Southeast Asia. The Agreement recognises that transboundary haze pollution which results from land and/or forest fires should be mitigated through concerted national efforts and international co-operation.

<span class="mw-page-title-main">1997 Southeast Asian haze</span> Haze over the Southeast Asia region in mid-1997

The 1997 Southeast Asian haze was an international air pollution disaster that occurred during the second half of 1997, its after-effects causing widespread atmospheric visibility and health problems within Southeast Asia. Considered the most severe Southeast Asian haze event of all time, the total costs of the 1997 haze are estimated at US$9 billion, due mainly to health care and disruption of air travel and business activities.

<span class="mw-page-title-main">Tabung Haji</span>

Lembaga Tabung Haji (Jawi: تابوڠ حاج ; Arabic صندوق الحج) also known as Tabung Haji or TH is the Malaysian hajj pilgrims fund board. It was formerly known as Lembaga Urusan dan Tabung Haji (LUTH). The main headquarters is located at Tabung Haji Tower, Jalan Tun Razak, Kuala Lumpur. Tabung Haji facilitates savings for the pilgrimage to Mecca through investment in Shariah-compliant vehicles. Through its subsidiaries, the company also engaged in other industries such as finance, hospitality, property, plantation and information technology.

<span class="mw-page-title-main">Southeast Asian haze</span> Fire-related air pollution issue

The Southeast Asian haze is a fire-related recurrent transboundary air pollution issue. Haze events, where air quality reaches hazardous levels due to high concentrations of airborne particulate matter from burning biomass, have caused adverse health, environmental and economic impacts in several countries in Southeast Asia. Caused primarily by slash-and-burn land clearing, the problem flares up every dry season to varying degrees and generally is worst between July and October and during El Niño events. Transboundary haze in Southeast Asia has been recorded since 1972 with the 1997 and 2015 events being particularly severe.

<span class="mw-page-title-main">Kuala Lumpur Kepong Berhad</span> Malaysian multi-national company

Kuala Lumpur Kepong Berhad (KLK) is a Malaysian multi-national company. The core business of the group is plantation. The company has plantations that cover more than 250,000 hectares in Malaysia and Indonesia. Since the 1990s, the company has diversified its business activities such as resource-based manufacturing, property development and retailing with worldwide presence. The company is listed on the Bursa Malaysia and is Malaysia's third-largest palm oil producer. KLK was ranked 1858th in the 2013 Forbes Global 2000 Leading Companies, with market cap of USD 6.91 billion. In 2014, KLK was ranked 23rd most valuable Malaysia brand on the Malaysia 100 2014 with a brand value of USD 364 million. The late Thong Yaw Hong, (former) secretary general of the Malaysian Treasury, sat on the board of KLK. Lee Oi Hian, the CEO of KLK, is or was chairman of the board of trustees of the Malaysian Palm Oil Council.

Tan Sri Dato' Sri (Dr.) Mohamad Norza Zakaria is a Malaysian chartered accountant and a fellow of CPA Australia. He is the President of Olympic Council of Malaysia (OCM) and also hold the post of President of Commonwealth Games Association of Malaysia. Norza is currently the President of Badminton Association of Malaysia (BAM) which has propelled Malaysia to the world stage of badminton. Norza is also a board member of National Sports Council (NSC) and Chairman of Audit Committee of NSC from 2018 until present.

<span class="mw-page-title-main">Bakrie Group</span> Public company in Indonesia

The Bakrie Group is an Indonesian conglomerate founded by Achmad Bakrie in 1942. It has interests across various industries including mining, oil and gas, property development, infrastructure, plantations, media and telecommunications. The group is one of the largest business groups in Indonesia, with 10 companies listed on the Indonesia Stock Exchange.

<span class="mw-page-title-main">Palm oil production in Indonesia</span>

Palm oil production is important to the economy of Indonesia as the country is the world's biggest producer and consumer of the commodity, providing about half of the world's supply. In 2016, Indonesia produced over 34.6 million metric tons of palm oil, and exported 25.1 million metric tons of it. Oil palm plantations stretch across 12 million hectares, and is projected to reach 13 million hectares by 2020. There are several different types of plantations, including small, privately owned plantations, and larger, state- owned plantations. There are a variety of health, environmental, and societal impacts that result from the production of palm oil in Indonesia. A recent publication by the NGO Rainforest Action Network (RAN) indicates that the use of palm oil by some of the biggest chocolate and snacks' producers is increasing this problem.

<span class="mw-page-title-main">Sime Darby Property</span>

Sime Darby Property was created through the integration of the property arms under the former Golden Hope Plantations Berhad, Kumpulan Guthrie Berhad, and Sime Darby Berhad. Apart from its 20,763 acres of landbank spanning from Selangor to Johor, Sime Darby Property also has assets and operations across the Asia Pacific region and the United Kingdom. It is one of the largest property developers in the country by revenue and gross development value (GDV) of current projects.

<span class="mw-page-title-main">2015 Southeast Asian haze</span> Haze over the Southeast Asia region in mid-2015

The 2015 Southeast Asian haze was an air pollution crisis affecting several countries in Southeast Asia, including Brunei, Indonesia, Malaysia, Singapore, southern Thailand, Vietnam, Cambodia and the Philippines.

Duta Palma is a palm oil company from Indonesia. It is a subsidiary of Darmex Agro Holdings. It has significant land banks.

Makin Group is a palm oil company from Indonesia. It is based in Jakarta. In Jambi province, Makin Group reportedly operates or used to operate on peatlands.

PT Adei Plantation and Industry is a palm oil company from Indonesia. It is a subsidiary of Malaysia's Kuala Lumpur Kepong Berhad (KLK).

Astra Agro Lestari (AAL) is the second biggest palm oil company in Indonesia. It is a subsidiary of PT Astra International Tbk. At least in 2004, it controlled extensive land banks. It has two concessions on peatlands in Riau, with an estimated total area of 20,000 hectares.

Golden-Agri Resources (GAR) is a Singaporean palm oil company, listed on the Singapore Stock Exchange since 1999. In May 2015, its market capitalization was $4.1 billion. Franky Widjaja, of the Sinar Mas family is its CEO. Alnoor is a subsidiary of GAR. Lew Syn Pau used to serve as a member of the Singaporean Parliament for 13 years and is a member of the board of directors of the firm.

<span class="mw-page-title-main">Bakrie Sumatera Plantations</span> Agricultural company

Bakrie Sumatera Plantations is an agricultural subsidiary of Bakrie Group headquartered in Jakarta, Indonesia. Bakrie Sumatera Plantations manages an estimated one hundred thousand hectares of rubber and palm oil plantations, a railroad for transporting rubber, and several land banks.

<span class="mw-page-title-main">2010 Southeast Asian haze</span> Haze over the Southeast Asia region in mid-2010

The 2010 Southeast Asian haze was an air pollution crisis which affected many Southeast Asia countries such as Indonesia, Malaysia and Singapore during the month of October in 2010.

References

  1. "TH Plantations Berhad - index". thplantations.my. Retrieved 2016-05-30.
  2. Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 80
  3. "Yusof Basiran, Tabung Haji Plantations BHD: Profile & Biography - Bloomberg". bloomberg.com. Retrieved 2016-05-30.
  4. "Where there's smoke there's ire: investigating Indo's forest haze - Crikey". crikey.com.au. 2 July 2013. Retrieved 2016-05-30.
  5. TH Plantations Berhad - shareholdings
  6. Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 81