Asia Plantation Capital announced a significant rise in turnover across the group since 2012 for its financial year of 2013. Achieving a new revenue peak of US$53.5 million, the company attributes this to a corporate strategy of ensuring all plantations projects it invests in and undertakes will deliver high value end market products.
Another company record figure of passing the US$6 million milestone in repayments was made to stakeholders on the company’s various agroforestry plantation projects last year. This figure is projected to continue rising over the coming years with more of its plantation species reaching maturity. Also achieved during the year, are the continued harvesting and production of Oud (Agarwood Oil) and associated Oud products from the company’s managed, Agarwood plantations. During 2013 and to date (August 2014), the company has been achieving its yield targets for its trees, with consistent yields and produced over 15,000 Tola (12ml) successfully produced during the period, creating a further milestone for the company.
Asia Plantation Capital’s bamboo plantations’ harvests have been continuing since early 2013, producing consistent yields of edible shoots and with future diversification into bamboo based biomass and flooring planned. Across the other plantation and agroforestry species that the company is involved with, growth and development has been steady. Asia Plantation Capital’s plantations in Thailand and Sri Lanka have fared well, despite some extreme weather conditions across the region, during 2013.
Asia Plantation Capital continues to aggressively invest in its plantations, implementing the latest processing and production systems technologies. The company leverages leading engineering specialists and researchers in Thailand to advise on improvements across all sectors of the company’s plantation operations; continuing its policy of working with various Universities on key research projects related to its activities.
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