KUALA LUMPUR: QL Resources Bhd plans to spend US$3 million (RM9.45 million) this year to double the production capacity of its fish plant operations in Surabaya, Indonesia, while also targeting to multiply egg production in Indonesia and Vietnam by the first quarter of 2013.
The group commenced its fishery operations in Indonesia in August 2011. The plant currently processes 5,000 tonnes of surimi (fish paste) and fishmeal per year respectively.
“We will be adding two lines to the plant, each with a capacity of 5,000 tonnes for the processing of surimi and fishmeal,” Freddie Yap, group accountant and investor relations, told an investor education forum organised by Bursa Malaysia and Affin Investment Bank over the weekend.
QL Resources is currently the biggest producer of surimi, surimi-based products and fishmeal manufacturer in Malaysia with a 50% market share in the surimi segment, and 30% each in the surimi-based products and fishmeal.
The group is also a leading producer of eggs with a 12% share in the local market and has oil palm plantations in Sabah and Tarakan, Indonesia. According to Yap, QL Resources hopes to grow briskly in the next five years, riding on the aggressive expansion plans for its poultry farms in Indonesia, Vietnam as well as its oil palm plantation in Tarakan, East Kalimantan.
Its 17ha egg farm in Indonesia currently has a production capacity of 110,000 eggs per day, but the group plans to increase capacity to one million eggs per day by March 2013. Its 20ha farm in Vietnam is currently producing 80,000 eggs per day. The group is targeting production to reach 500,000 eggs per day by March 2013.
QL Resources’ venture into the plantations sector started four years ago and now it has some 20,000ha of oil palm plantations under development in Indonesia, 1,200ha of mature oil palm plantations in Sabah and two crude palm oil mills with a 600,000-tonne capacity in Tawau, Sabah.
At present, Yap explained, the trees are still very young and so the yield is still low, at around 2.56 tonnes per ha for the first quarter of this year. He expects the yields to improve strongly starting 2013 with projections of 7.37 tonnes in 2013, 11.15 tonnes in 2014 and 13.08 tonnes in 2015.
Both the egg farms and oil palm plantations in Indonesia will provide positive contributions to the group starting 2013, Yap added.
This article appeared in The Edge Financial Daily, January 11, 2012.
The group commenced its fishery operations in Indonesia in August 2011. The plant currently processes 5,000 tonnes of surimi (fish paste) and fishmeal per year respectively.
“We will be adding two lines to the plant, each with a capacity of 5,000 tonnes for the processing of surimi and fishmeal,” Freddie Yap, group accountant and investor relations, told an investor education forum organised by Bursa Malaysia and Affin Investment Bank over the weekend.
QL Resources is currently the biggest producer of surimi, surimi-based products and fishmeal manufacturer in Malaysia with a 50% market share in the surimi segment, and 30% each in the surimi-based products and fishmeal.
The group is also a leading producer of eggs with a 12% share in the local market and has oil palm plantations in Sabah and Tarakan, Indonesia. According to Yap, QL Resources hopes to grow briskly in the next five years, riding on the aggressive expansion plans for its poultry farms in Indonesia, Vietnam as well as its oil palm plantation in Tarakan, East Kalimantan.
Its 17ha egg farm in Indonesia currently has a production capacity of 110,000 eggs per day, but the group plans to increase capacity to one million eggs per day by March 2013. Its 20ha farm in Vietnam is currently producing 80,000 eggs per day. The group is targeting production to reach 500,000 eggs per day by March 2013.
QL Resources’ venture into the plantations sector started four years ago and now it has some 20,000ha of oil palm plantations under development in Indonesia, 1,200ha of mature oil palm plantations in Sabah and two crude palm oil mills with a 600,000-tonne capacity in Tawau, Sabah.
At present, Yap explained, the trees are still very young and so the yield is still low, at around 2.56 tonnes per ha for the first quarter of this year. He expects the yields to improve strongly starting 2013 with projections of 7.37 tonnes in 2013, 11.15 tonnes in 2014 and 13.08 tonnes in 2015.
Both the egg farms and oil palm plantations in Indonesia will provide positive contributions to the group starting 2013, Yap added.
This article appeared in The Edge Financial Daily, January 11, 2012.
