Kim Long

Company Overview

Kim Loong Resources Berhad (KLRB) is a leading player in the oil palm plantation and milling industry in Malaysia. The company is listed on the Main Market of Bursa Malaysia Securities Berhad under the ticker symbol 5027.KL.

History and Milestones

• 1981: Sharikat Kim Loong Sendirian Berhad expanded into Sabah by acquiring 1,000 acres of land in Sandakan, Sabah, marking the beginning of its operations in the region.
• 1982: Incorporated Sungkit Enterprise Sdn. Bhd. to undertake kernel crushing activities.
• 1990s: The company underwent several restructuring exercises, including the incorporation of Desa Kim Loong Plantations Sdn. Bhd. and the transfer of Sabah plantation operations to Kim Loong Resources Berhad.
• 2000: Listed on the Main Board of the Kuala Lumpur Stock Exchange (now Bursa Malaysia Securities Berhad).
• 2000s: Expanded operations into Sarawak, commissioned new palm oil mills, and undertook Clean Development Mechanism (CDM) projects under the Kyoto Protocol.

Operations

• Plantation Operations: Kim Loong has extensive oil palm plantations in Johor, Sabah, and Sarawak. The group has developed Native Customary Rights Land (NCR Land) and other areas for oil palm cultivation.
• Milling Operations: The company operates several palm oil mills, including the Telupid Mill, Keningau Mill, and Kota Tinggi Mill, which have received awards for their efficiency and innovation.

Sustainability and Environmental Management

Kim Loong Resources Berhad is committed to sustainable production practices. The company integrates sustainability policies across all levels of its operations, focusing on maximizing production efficiency while minimizing environmental and social impacts.

Subsidiaries and Corporate Structure

• The group has over 30 subsidiaries involved in various aspects of the oil palm industry, including plantation management, milling, and downstream processing.
• Key subsidiaries include Kim Loong Palm Oil Mills Sdn. Bhd., Kim Loong Evergrow Sdn. Bhd., and others focused on bio-fertilizer, kernel crushing, and nutraceuticals.

Financial and Market Information

• As of January 31, 2024, Kim Loong Resources Berhad has a market capitalization of RM2.12 billion.
• The company regularly publishes financial highlights, quarterly results, and annual reports, which are available on its website and through Bursa Malaysia.

Awards and Achievements

Kim Loong Resources Berhad has received several awards, including the shareholder value award from KPMG, awards from the Malaysia Cocoa Board, and recognition from the Malaysian Palm Oil Board (MPOB) for achieving high Oil Extraction Rates (OER) and innovative mill operations.

Contact and Location

The company's headquarters is located at Lot 17.01, 17th Floor, Public Bank Tower, 19, Jalan Wong Ah Fook, 80000 Johor Bahru, Johor, Malaysia. They can be contacted through the provided phone numbers and email address.