Deal #976

Location #1

Spatial accuracy level
Administrative region
Location
West New Britain Province, Papua-Neuguinea

Target country
Papua New Guinea

Land area

Size under contract (leased or purchased area, in ha)
[2009] 79178
[2014] 127311
Size in operation (production, in ha)
[2011] 63091
[2014] 83042

Intention of investment

Intention of investment
Biofuels, Food crops

Nature of the deal

Nature of the deal
Outright Purchase
Lease

Negotiation status

Negotiation status
[1968] Concluded (Contract signed)
Comment on negotiation status
first contract in 1968

Implementation status

Implementation status
[1986] In operation (production)
Comment on implementation status
The former secondary, Kulim, sold its shares in New Britain Palm Oil, its subsidiary in PNG, in 2014. The annual report of 2014 refers to "discontinued operations" in PNG.

Contract farming

Contract farming
Yes
Comment on contract farming
"Around 25% of [oil palm] fruit is supplied by over 17,000 smallholders" (http://www.nbpol.com.pg/?page_id=83)

Operating company

Comment on investment chain
company was formerly a subsidiary of Kulim (Malaysia) Berhad it operates thourgh various subsidiaries

 

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Data source #1

Data source type
Company sources
File
Date
2009-01-01
Comment on data source
Company website

Data source #2

Data source type
Personal information
Includes in-country-verified information
Yes

Data source #3

Data source type
Company sources
File

Data source #4

Data source type
Media report
File
Date
2014-07-31

Data source #5

Data source type
Company sources
File
Date
2014-12-31
Comment on data source
Annual report 2014, pp. 87, 101 "discontinued operations"

Data source #6

Data source type
Company sources
File
Date
2013-12-31

Data source #7

Data source type
Company sources
File
Date
2015-01-01

Promised benefits for local communities

Promised benefits for local communities
Capacity Building
Financial Support

Detailed crop, animal and mineral information

Crops area
Oil Palm, Sugar Cane

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
BIO (Biofuel production)

Overall comment

Overall comment
Kulim sold its shares in New Britain Palm Oil, its main subsidiary in PNG, in 2014. Not clear whether the plantations held by Kulim's other subsidiary in PNG - Ramu Agri Industries - were also given up. The annual report of 2014 refers to "discontinued operations" for all of PNG.

Feb. 1, 2016, 5:46 p.m.

overwritten

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June 29, 2015, 7:47 p.m.

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May 18, 2015, 6:04 p.m.

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May 13, 2013, 1:38 a.m.

overwritten

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Feb. 15, 2013, 5:01 p.m.

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