Boustead Plantations' RM115m plan for replanting

Boustead Plantations Bhd is allocating RM115mil as capital and replanting expenditure for 2021 to strengthen its long-term prospect.

KUALA LUMPUR: Boustead Plantations Bhd is allocating RM115mil as capital and replanting expenditure for 2021 to strengthen its long-term prospects, chief executive officer Ibrahim Majid said.

He said the allocation will go towards replanting approximately 2,600 hectares of land and for the upkeep of immature areas, as well as for the installation of four additional units of the dust particulate trapping system and in palm oil mills.