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PPB Group Bhd will spend RM350.8mil this year to expand its businesses in oil palm plantation, flour and feed milling, sugar cane plantation and refining, livestock farming, edible oil refining and trading, property, and waste management, said executive chairman Datuk Oh Siew Nam.
PPB Group Bhd expects earnings for the financial year ending December 2005 to be eroded by high raw material costs and ocean freight rates, chairman Datuk Oh Siew Nam said.
SPOOKED by India's decision on Tuesday to raise import tax on crude palm oil (CPO), refined, bleached and deodorise (rbd) palm oil and palm olein, and the continued rise in palm oil stocks, research houses have turned bearish on the plantation sector.
Sugarcane fields here may be replanted with rubber trees, a move that could help check pollution from open burning of sugarcane.
ARGUABLY, now is not the ideal time to train the spotlight on a plantation company, more so one that resolutely stays in the upstream. However, some industry observers are convinced that PPB Oil Palms Bhd is worth watching over the next few years as it continues growing as a pure plantation player.p>a href=http://biz.thestar.com.my/bizweek/ target=on_top>For the full BizWeek reports click here/a>p>