Principal activities

MHC Plantations Bhd (“MHC”) is principally engaged in oil palm cultivation, investment holding and the operation of a hotel. The principal activities of its subsidiaries consist of cultivation of oil palm, milling and sale of oil palm products, sale of fresh fruit bunches, investment holding and property development.

Sustainable Palm Oil Production

MHC is proud to contribute to sustainable growth within the Malaysian palm oil industry and maintain a strong environmental profile. We use residual wastewater (Palm Oil Mill Effluent or POME) from palm oil production to generate green and sustainable electricity. A subsidiary company of MHC operates a biogas power plant that generates electricity by capturing the methane gas from POME and utilising the gas as fuel for combustion in biogas generators.

History

MHC was incorporated in the Federation of Malaya on 31 December 1960 under the Companies Ordinances, 1940-1946 as a limited company under the name of Mah Hock Cheong Company Limited. On 15 April 1966, under the Act, MHC assumed the name of Mah Hock Cheong Company Sdn Berhad. MHC subsequently assumed the name of MHC Plantations Sdn Berhad on 9 July 1998 and thereafter converted to a public company under its present name on 21 August 1998. MHC has been listed on the Main Market of Bursa Securities since 29 November 2000.

In 2005, MHC had successfully acquired a strategic 32% stake in a plantation listed company, namely Cepatwawasan Group Berhad (“CWG”), based in Sandakan. CGB is listed on the Main Market of Bursa Securities. CGB is principally an investment holding company, whilst its subsidiary companies are principally involved in the cultivation of oil palm, operation of quarry, milling, sales of oil palm products and power generation and selling certified emission reduction. Presently, CWG has approximately 28,000 acres of oil palm estates in Sabah.

20th December 2012 - Opening Ceremony of Anson Oil Mill integrated with a Biogas Power Plant

On 20th December 2012, the Minister of Plantation Industries and Commodities Malaysia, YB Tan Sri Bernard Dompok, officiated the opening ceremony of Anson Oil Mill integrated with a Biogas Power Plant. This modern mill which is environmentally friendly is expected to contribute positively to the Group's earning from 2013 onwards.

The integrated Biogas Power Plant will generate electricity by capturing the methane gas from the palm oil mill effluent ("POME") and utilising the gas as fuel. Because electricity is generated by using renewable resources, instead of fossil fuel, through the trapping of methane gas that would have otherwise been released to the atmosphere, this also qualifies as a Clean Development Mechanism "(CDM") project and its Certified Emissions Reductions can be traded under the Kyoto Protocol.

The electricity generated is supplied to the mill for its own consumption and also to its workers' quarters.

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