Company Profile and Background of BLD Planation Essay

Company Profile and Background of BLD Planation Essay

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BLD Plantation Bhd. was incorporated in Malaysia on 19th October 2001 and registered under the Companies Act 1965 as a public limited company. On 21st July 2003, it was listed on the Main Board of Bursa Malaysia Securities Berhad under the plantation sector. It is principally engaged in investment holding and provision of management services. The company’s head office is now located in Kuching, Sarawak. It has several subsidiaries, which are Bintulu Lumber Development Sdn. Bhd., Kirana Palm Oil Refinery Sdn. Bhd., Grand Mutual Sdn. Bhd., Niamas Istimewa Sdn. Bhd. and BLD Resources Sdn. Bhd.
The structure of the company is illustrated in the figure below:

Source: Official website of BLD Plantation Website
Figure 1 The Structure of the Company
The following table shows the details of the subsidiaries:
Subsidiary Company Profile
Bintulu Lumber Development Sdn. Bhd. Incorporation date: 20 October 1975
Principal activities: Oil palm plantation, processing of fresh fruit bunches, sales of related products
Ancillary activities: cattle and boer goat rearing
Kirana Palm Oil Refinery Sdn. Bhd. Incorporation date: 17 August 1995
Principal activities: palm oil refinery and kernel crushing
It has palm oil refinery and kernel crushing plant at Tanjung Kidurong Industral Estate in Bintulu, Sarawak’s northern region. The plants were commissioned in April 2008 and are located closed to deep-sea Bintulu Port. The related products are for both and overseas markets.
Grand Mutual Sdn. Bhd. Incorporation date: 5th January 1996
Principal activities: Operating oil palm estates
Ancillary activities: Operating stone quarry for domestic consumption
Niamas Istimewa Sdn. Bhd. Incorporation date: 29th September 2000
Principal activities: Oil palm plantatio...

... middle of paper ...

...products and services while their mission is to sustain growth through efficient services and prudent cost competitive application of resources exceeding the expectation of their customers and shareholder .
Company’s directors and management
The company had five directors, which are 3 non-executive directors and 2 executive directors. Out of these 3 non-executive directors, there are 2 independent non-executive directors. The company’s executive chairman is Dato Henry Lau Lee Kong. The secretary to the board is Alvin Lau Lee Jen. BLD Plantation Bhd’s management team consists of 5 departments. They are head office, operations, milling, plantation and refining & crushing. In total, as at 30th June 2009, it had 2,687 workers, which consists of 1,040 of Malaysian.

Source: Official website of BLD Plantation Website
Table 3 Summary of Work Force as at 30th June 2009

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