TSH Resources Berhad is a holding company from Kuala Lumpur, Malaysia. It primarily engages in cultivating, processing, and refining oil palm.[1] Other operations include segment manufactures and sale of downstream wood products.[1] Furthermore, it operates a forest management unit, it manufactures, sells, and trades cocoa products and generates and supplies electricity from biomass plants.[1] Tan Aik Sim is its management director, Loh Toi Meei its chief financial officer and Tan Aik Yong its executive director.[2] Its revenue is MYR 1.05bn, its net income MYR 70.57m and its number of employees 2.09k (all as of 2018).[3] It is active in Central Kalimantan, Central Kalimantan, and West Sumatra in Indonesia and Sabah in Malaysia.[4] It claims to have received a sustainable forest management license from the state government of Sabah to manage 300,000 acres of forest for 100 years.[5] It supplies crude palm oil and palm kernel to Musim Mas.[6] “Sustainable Palm Oil Transparency Toolkit” (SPOTT) ranks TSH Resources 24th of 25 among of the world’s largest publicly listed palm oil companies.[7]

Subsidiaries

Its subsidiaries include LKSK Sdn. Bhd., which is engaged in oil palm plantations; Tan Soon Hong Holdings Sdn. Bhd., which is engaged in oil palm plantations and investment holding, and TSH Bio-Energy Sdn. Bhd., which is engaged in the operation of a power plant.[8] PT Sarana Prima Multi Niaga (SPMN), is a subsidiary of TSH Resources and a supplier to Wilmar.[9]

It is a member of Roundtable on Sustainable Palm Oil.[9] Children have done hazardous work on plantations owned by SPMN.[9] Harvesters work in excess of the limit of 40 hours per week set out under Indonesian law.[9]

References

  1. 1 2 3 "TSH Resources Berhad: Private Company Information". Bloomberg. 2018-05-24. Retrieved 2018-06-14.
  2. ↑ "TSH:Bursa Malays Stock Quote - TSH Resources Bhd - Bloomberg Markets". Bloomberg.com. Retrieved 2018-06-14.
  3. ↑ "TSH Resources Bhd, TSH:KLS profile - FT.com". Markets.ft.com. 2017-12-31. Retrieved 2018-06-14.
  4. ↑ "Submission" (PDF). rspo.org.
  5. ↑ "Data" (PDF). act.lpp.ac.id.
  6. ↑ "A list of CPO and PK suppliers". Musimmas.com. Retrieved 2018-06-14.
  7. ↑ "Malaysian palm oil firms amongst world best, and worst". The Rakyat Post. Retrieved 2018-06-14.
  8. ↑
  9. 1 2 3 4 "News article" (PDF). www.amnesty.org.uk.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.