OHB on replanting mode to optimise operations

palm oil aerial

GEORGE TOWN: Oriental Holdings Bhd (OHB) plans to replant 198ha of oil palm in Malaysia this year, while its strategy in Indonesia is to plant 800ha to 1,200 ha annually over the next two years to optimise its plantation operations.

The diversified group, with businesses in plantation, automotive dealerships and property development, among others, revealed that the total capital expenditure (capex) in financial year 2022 (FY22) for new planting, upgrading plants and machinery and the construction of estate building is expected to reach RM61.9mil.