FORGING AHEAD - Tradewinds Plantation Berhad
FORGING AHEAD - Tradewinds Plantation Berhad
FORGING AHEAD - Tradewinds Plantation Berhad
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44<br />
PERFORMANCE REVIEW<br />
BuSINESS<br />
REvIEW<br />
By CHIEF EXECuTIvE OFFICER<br />
FINANCIAL YEAR 2010 (“FY 2010”) WAS GENERALLY CHALLENGING IN TERMS OF THE<br />
OPERATING ENVIRONMENT WITH UNPREDICTABLE ADVERSE WEATHER CONDITIONS<br />
AND A TIGHT LABOUR MARKET. WHILE THE COMPANY HAS NO CONTROL OVER THE<br />
FORCES OF NATURE, WHICH HAD MARGINALLY AFFECTED FRESH FRUIT BUNCHES (“FFB”)<br />
PRODUCTION, THIS WAS MITIGATED BY AN IMPROVED OIL ExTRACTION RATE (“OER”) FOR<br />
CRUDE PALM OIL (“CPO”) ACHIEVED BY THE GROUP’S EIGHT PALM OIL MILLS. THE GROUP<br />
WAS FORTUNATE THAT IT WAS RELATIVELY WELL PREPARED TO FACE WITH THE PROBLEMS<br />
ASSOCIATED WITH LABOUR SHORTAGES PREVALENT THROUGHOUT THE INDUSTRY.<br />
OPERATIONAL HIGHLIGHTS<br />
The Group was not spared the adverse<br />
effects of the El Nino and La Nina<br />
phenomena that impacted on FFB<br />
production nationwide. Apart from the<br />
marginal decline in FFB production, I<br />
am pleased to report that the Group has<br />
been able to meet, if not exceed, key<br />
operational targets set for FY 2010. The<br />
operational highlights of the year are<br />
summarised as follows:<br />
TRADEWINDS PLANTATION BERHAD<br />
Annual Report 2010<br />
• The Group successfully achieved<br />
its development and re-planting<br />
programme as targeted in line<br />
with the development programme<br />
for FY 2010.<br />
• Headway was also made in the<br />
rubber diversification programme,<br />
with an increase in rubber planted<br />
area.<br />
• The Sg. Kachur Palm Oil Mill and<br />
Ulu Sebol Palm Oil Mill earned<br />
certification to ISO 9001:2008.<br />
• The Group’s extraction rates for<br />
CPO and palm kernel (“PK”)<br />
improved to 21.54% and 5.35%<br />
respectively, the highest achieved<br />
to date.<br />
• In striving for sustainability, major<br />
strides were made in the key<br />
areas of Occupational Safety and<br />
Health (“OSH”), environmental<br />
management, corporate social<br />
responsibility and the adoption of<br />
the best agricultural practices.