Plantations the mainstay of Sime

High momentum: For Sime to remain key volume player in the oil palm business, it has to up its ante not only via the land bank expansion mode, but also juggled with the rising cost of production.

Sime Darby Bhd has built its reputation as one of the world’s largest listed palm oil conglomerates producing some 2.8 million tonnes of crude palm oil (CPO), which represents 5% of the world’s total production.

Despite its well-diversified business portfolio, Sime’s plantation division has been the mainstay contributing over 40% to the group’s profit annually.