Agro Plantation

The agro plantation sector is one of the core businesses and the primary source of income for the Group. The Group's involvement in the agro plantation sector is reflected in its ownership of various plantation subsidiaries, such as Benta Wawasan Sdn. Bhd., Sabah Softwoods Berhad, Innoprise Plantations Berhad, Samel Plantation Sdn. Bhd., and several other joint venture companies under Silam Forest Products Sdn. Bhd. and Rakyat Berjaya Sdn. Bhd. with a total combined planted area of more than 100,000 hectares.

ICSB has also made investments in Hap Seng Consolidated Berhad which is involved in oil palm plantation as a core business through Hap Seng Plantation Holding Bhd, a public listed company on the Main Board of Bursa Malaysia with a planted area of 35,000 hectares.

Benta Wawasan Sdn. Bhd. (BWSB), is involved in the palm oil industry in Tawau. The company started its first planting in 2005.

The total planted area is 24,856.85 hectares, with mature palms averaging an age profile of 12 to 20 years.

The estates are named after the valuable tree species in Malaysia, namely Agathis, Belian, Binuang, Kapur, Ramin, Selangan Batu, Gaharu, Keruing, Menggaris, Merbau, and Seraya.

The company has also commissioned its own Crude Palm Oil (CPO) mill. The Seraya Palm Oil Mill was officially commissioned on 1 January 2014 with a total capacity of 90 Fresh Fruit Bunch (FFB) tonnes per hour. The mill is located between Seraya Estate and Merbau Estate.

As of 31 December 2024, FFB production was 334,959.27 metric tonnes.

Benta Edible Oil Sdn.Bhd., the wholly-owned subsidiary of Benta Wawasan Sdn. Bhd. was established on 10 May 2019 to venture into the downstream business of packaging and marketing of cooking oil.

The packaging plant is capable of producing 1,800 metric tonnes of cooking oil per month when operating at full capacity. Benta Edible Oil Sdn.Bhd. produce quality olein cooking oil.

For more information, please visit www.bentawawasan.com.my

Sabah Softwoods Berhad (SSB), which is 70 per cent owned by the Group, was incorporated in 1973. Its core business is in tree and oil palm plantation, while its downstream activities include oil palm milling, logs, and woodchips production. With its land bank spanning over 60,600 hectares along the Yayasan Sabah Timber Concession belt of Brumas (41,500 hectares) and Kalabakan (19,100 hectares) in Tawau, SSB has established a commercially viable business in both tree and oil palm operations.

Currently, approximately 24,333 hectares of SSB's title land have been planted with oil palm. Its oil palm plantation obtained Malaysian Sustainable Palm Oil (MSPO) certification for the general principles for oil palm plantations in 2016. The standard describes the sustainability requirements for production throughout the supply chain, with a focus on improving and sustaining operational practices. By holding MSPO certification, SSB oil palm addresses market needs and meets expectations regarding its commitment to sustainable oil palm products.

SSB's first CPO mill in Dumpas operates at a capacity of 60 metric tonnes of Fresh Fruit Bunches (FFB) per hour. SSB's second CPO mill at Kapilit began full operation in June 2010 and has since increased its processing capacity to 90 metric tonnes per hour.

The Kapilit Mill Complex further upgrades its efficiency by adding a Dried Long Fibre plant and establishing a 1MW Biogas Plant, expandable to 3MW. The Kapilit Mill met all the Malaysia Palm Oil Board licensing requirements.

SSB is the largest tree plantation company in the country, with the Forest Stewardship Council (FSC) certification covering 24,173 hectares of land. The FSC certification, which is globally recognised, is an attestation of Good Management Practices covering, among others, the protection of the environment, the maintenance of High Conservation Value Forests, and the enhanced long-term social and economic well-being of workers and local communities.

SSB's chip mill commenced production of woodchips in 1998, and this activity has propelled SSB as a leading supplier of woodchips from Malaysia. The capacity of the chip mill is 100,000 Bone Dry Metric Tonne per year. The chip mill holds a Chain-of-Custody certification for wood-based manufacturing in Acacia mangium woodchips, which guarantees the production of FSC-certified products.

SSB advocates and practices a high degree of Corporate Social Responsibility. More than RM218 million has been spent since 2005 on estate housing facilities and infrastructure. In recognition of its efforts, SSB, through its Cenderamata Estate and Brumas Estate, received the National Level Award of "Ladang Bahagia" for Cenderamata Estate in 2009 and Brumas Estate in 2011, respectively. SSB also received the National Excellence Award in OSH (Forestry Sector) for tree plantation in Zone A and Zone B, Brumas, in 2017 and 2018, respectively.

In 2019, SSB received the National Excellence Award in OSH (Agricultural Sector), Dumpas Estate, Sabah Industry Excellence Awards by the Ministry of Trade & Industry, Sabah and the Sabah Top Achievers Award (Industry Excellence in Forestry and Agro).

For more information, please visit www.softwoods.com.my

Innoprise Plantations Berhad (IPB) was listed on the Main Board of Bursa Malaysia on 3 July 1996. Through its wholly-owned subsidiary, Serijaya Industri Sdn. Bhd. (SJI), IPB has developed 22,763 hectares of agroforestry land located at Luasong, Tawau, into an oil palm plantation.

Abiding by the stringent environmentally sustainable development model requirements, where the steep area above 20 degrees and riparian reserves are left untouched as a biodiversity conservation area, only 12,602 hectares of the plantable area is utilised for this purpose.

A total area of 12,246 hectares has been planted with oil palm and already matured.

The company's palm oil mill can produce 60 metric tonnes of FFB per hour.

For more information, please visit www.innoprise.com.my

SAMEL Plantation Sdn. Bhd. is an equal partnership joint venture company between the Group and Yayasan Melaka through its wholly-owned subsidiary, B.W. Plantation Sdn. Bhd. The company has developed some 2,192 hectares of oil palm plantation in Tawau.

Hap Seng Plantations Holdings Berhad (HSPHB) is a public company listed on the Main Board of Bursa Malaysia is a diversified group with six core business namely plantation, property, credit financing, automotive, trading and building materials. The investment in HSCB was made through the injection of ICSB's equity in Hap Seng Plantations Holding Bhd (HSPHB) and the purchase of additional HSPHB shares.

For more information, please visit www.hapsengplantations.com.my