MHC Plantations Bhd ("MHC") is principally engaged in cultivation of oil palm, investment holding and the operation of a hotel. The principal activities of its subsidiaries consist of cultivation of oil palm, operation of quarry, milling and sales of oil palm products, investment holding, power generation, selling certified emission reduction 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.
The Group operates two biogas power plants that generate electricity by capturing the methane gas from POME instead of fossil fuel, thereby mitigating the emission of greenhouse gases. There is Zero discharge to the river as the final discharge is to land application through a system of drip irrigation.
Another subsidiary Company operates a biomass power plant that generate electricity from the combustion of solid waste, including the oil palm empty fruit bunches, oil palm shells, mesocarp fibres and wood waste.
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 stake in a plantation listed company, namely Cepatwawasan Group Berhad ("CWG"), based in Sandakan. CWG is listed on the Main Market of Bursa Securities. CWG 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.