Kulim (Malaysia) Berhad

Kulim (Malaysia) Berhad
Industry Plantation (core business), Intrapreneur Venture, Oil and Gas
Predecessor Kulim Rubber Plantations Ltd(1933–1975)
Founded 1933
Headquarters Johor Bahru, Johor, Malaysia
Key people
 Dato’ Kamaruzzaman Abu Kassim – Chairman
Ahamad Mohamad – Managing Director
Jamaludin Ali
Abdul Rahman Sulaiman
Zulkifli Ibrahim
Revenue Increase MYR 1.093,665 Billion (2014)
Decrease MYR 138,324 million(2014)
Decrease MYR 308,441 million (2014)
Total assets MYR 9.26 Billion (2014)[1]
Number of employees
 8,187 (2014)
Website www.kulim.com.my

Kulim (Malaysia) Berhad (MYX: 2003) is a Malaysian company. Through its subsidiaries, it engages in oil palm plantation, investment holding, and property investment businesses in Malaysia.[2] The company also manufactures rubber-based products, oleochemicals, and esters; produces oil palm clones by plant tissue culture technology; and distributes tropical fruits,[3] as well as engaging in crude palm oil processing. The Corporate Office of Kulim (Malaysia) Berhad is located at Johor, Malaysia.

It provides plantation management and consultancy services, assembles agricultural and mechanical equipment and researches and produces oil palm seeds. It also operates quick service restaurants. It has operations primarily in Malaysia and Indonesia. The company was incorporated in 1933 and is based in Johor Bahru, Malaysia. Kulim (Malaysia) Berhad is a subsidiary of Johor Corporation.[4]

History

Kulim (Malaysia) Berhad (“Kulim”) traces its history back to 1933 when Kulim Rubber Plantations Ltd was incorporated in United Kingdom. Kulim was later incorporated as a public limited company and was listed on Main Board of the Kuala Lumpur Stock Exchange (now known as the Main Market of Bursa Malaysia Securities Berhad) in 1975. In 1976, Johor Corporation became the major shareholder of Kulim. Over the years, Kulim has grown to become a diversified plantation company and continues to strengthen its position by securing new hectarages while developing and strengthening its intrapreneur ventures. At the end of 2013, Kulim once again made its way into Indonesia with acquisition of 74% equity in PT Wisesa Inspirasi Nusantara,[5] a plantation holding company in Indonesia, holding rights over 40,645 hectares of potential oil palm land in Central Kalimantan. With the completion of this strategic acquisition, as at the time of writing, the Kulim Group’s direct and indirect landholding stands at over 91,000 hectares (excluding NBPOL which was held for sale as at 31 December 2014), spread across Malaysia and Indonesia. After having footholds in O&G related businesses in Malaysia, Kulim had on 10 December 2014, entered into a Conditional Subscription and Shares Purchase.

Agreement with the existing shareholders of PT Citra Sarana Energi[6] (“PT CSE”) for acquisition of 60% equity interest in the Company. This will enable Kulim to expand its involvement in the O&G sector particularly in Indonesia, moving up the value chain into the upstream activities - exploration and production.

Core Business

Plantation

Kulim has operations currently spanning over Malaysia and Indonesia.

Region Area (ha.) Percentage Total
Peninsular Malaysia 51,160 56% 91,805 (100%)
Indonesia 40,645 44%

Intrapreneur Venture

Established as one of Kulim’s principal growth thrust, Intrapreneur Ventures (“IV”) Division is involved in a diverse range of businesses including shipping and logistics, support operations for plantations, including agricultural machinery, oil palm nursery and mills maintenance, support operations for Oil and Gas (“O&G”) sector as well as IT-related services. These companies will be developed and nurtured, with the aim to subsequently transform into strategic business division of the Group. With Kulim’s foray into the O&G upstream activities in Indonesia, O&G support services, namely E.A. Technique (M) Berhad and Danamin (M) Sdn Bhd, will be reclassified under the Group’s new O&G business segment effective 1 January 2015

Subsidiaries

Some of the key subsidiaries are:-

See also

References

  1. ↑ "KULIM MALAYSIA BHD ANNUAL REPORT 2014" (PDF). Retrieved 20 May 2014.
  2. ↑ "Company Description of Kulim (Malaysia) Berhad", Bloomberg Businessweek, accessed 4 June 2010
  3. ↑ "Nanas MD2 terima sambutan menggalakkan di luar negara", Borneo Post Online, accessed 20 May 2015
  4. ↑ "Palm Oil Business", Johor Corporation's Core Business Division, accessed 4 June 2010
  5. ↑ , The Star, accessed 20 May 2015
  6. ↑ , The Sun Daily, accessed 20 May 2015

External links

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