Boustead Plantations Berhad

Boustead Plantations Berhad (BPlant) is one of Malaysia's prominent plantation companies and a subsidiary of Lembaga Tabung Angkatan Tentera (LTAT). We have over 100 years of plantation industry experience and over 50 years of oil palm plantation estate management experience. We are an investment holding company and are involved in the ownership of oil palm plantations. Through our subsidiaries, we are principally involved in the ownership and management of oil palm plantations, cultivation of oil palm and harvesting of its fresh fruit bunches (FFB), and the production and sale of crude palm oil (CPO) and palm kernel (PK). We also sell FFBs and provide mill design and consultancy services. We are actively involved in oil palm agricultural and agronomic research through our associate company. We own and manage a total of 42 oil palm plantation estates and 10 palm oil mills in Malaysia with 16 plantation estates in Peninsular Malaysia, 20 in Sabah and 6 in Sarawak. We own and operate 3 palm oil mills in Peninsular Malaysia, 5 in Sabah and 2 in Sarawak. Our total landbank stands approximately at 97,500 hectares (ha). Out of this total, the area under oil palm cultivation is approximately 72,200 ha comprising 23,400 ha in Peninsular Malaysia, 38,500 ha in Sabah and 10,300 ha in Sarawak. Our involvement in the plantations business is carried out via our wholly-owned subsidiary, Boustead Estates Agency Sdn Bhd (BEA), a central agency which provides a range of services such as the management of all plantation activities within our Group, plantation advisory services for oil palm, plantation engineering services, marketing of plantation produce and agronomic research.

According to the GICS (Global Industry Classification Standard) version of March 2023, Boustead Plantations Berhad’s industry classification falls within the following categories:

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