Sime Darby aims to intensify R&D efforts

BANTING: Sime Darby Plantation Sdn Bhd, a unit of conglomerate Sime Darby Bhd, will further intensify its focus on research and development (R&D) to ensure its future competitiveness as one of the largest palm oil producers in the world.

Senior vice-president 1 for R&D, Khairuddin Hashim, said Sime Darby was supportive of the effort as reflected by the annual allocation of about 2% of the group's total turnover for both R&D operational and capital expenditures.