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Sime Darby Plantation looks downstream for growth


KUALA LUMPUR: Malaysian oil palm grower Sime Darby Plantation plans to boost its refining capacity and produce more higher-margin products in a bid to cut its exposure to volatile palm oil prices, an executive told Reuters.

Plantation company profits were hammered last year by a 15 percent fall in benchmark palm oil prices to a three-year low. Prices are expected to recover this year, but only by 3 percent, according to a Reuters poll.

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